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BaFin Cautions Investors Over Unauthorised FX Websites: TradingProFinancial and ActivFX

BaFin Raises Concerns Over Unauthorised Financial Websites: TradingProFinancial and ActivFX


The Federal Financial Supervisory Authority (BaFin) has issued a cautionary notice regarding the activities conducted on the websites and BaFin indicates that these platforms are offering financial and investment services without the required authorization, posing potential risks to consumers.

According to BaFin, the operators of TradingProFinancial and ActivFX, as identified on the websites, fail to provide essential legal details about their entities. With ambiguous business addresses and a claim of being based in London, United Kingdom, the operators lack transparency in their operations. Moreover, the absence of a legal disclaimer raises concerns regarding the legitimacy of their services.

In Germany, the provision of financial and investment services mandates authorization from BaFin. However, BaFin warns that certain entities operate without this necessary approval, potentially exposing consumers to financial risks. To verify the authorization status of a company, individuals are encouraged to consult BaFin’s database of authorized entities. – Real-time Forex News and the latest trading updates.

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