BaFin Issues New Warnings Against Unauthorised Platforms

Germanys Federal Financial Supervisory Authority (BaFin) has once again published a list of platforms suspected of offering financial or investment services without the required authorisation. These websites present themselves as legitimate providers but, according to BaFin, they operate without regulatory oversight. Investors using these platforms may risk losing their funds and having no access to complaint or compensation mechanisms.

Growing List of Unauthorised Platforms

BaFins latest update highlights several websites linked to unauthorised activities:

• TESSORO365 – Website: tessoro365.com. Allegedly based in Frankfurt, offering financial, securities, and crypto-related services without authorisation.
• Zitadelle24 – Website: zitadelle24.com. Allegedly based in Frankfurt, involved in unlicensed financial and investment services.
• Ai-gruppe – Website: ai-gruppe.com. Claimed to be Frankfurt-based, providing financial and securities services without approval.
• WertEU – Website: werteu.net. Operators allegedly active in Frankfurt and Düsseldorf, offering financial and crypto-asset services without authorisation.
• DOEX Exchange – Websites: doexexchange8.com, h5.ki-x.link, doex.cc. Suspected of falsely claiming to hold a license while providing unauthorised financial and crypto services.
• PrideFx – Websites: pridefx.top, former pridefx.org, pride-fx.org. Allegedly operating from London, offering financial services without registration and with no company details provided.
• SkylineFX – Website: skylinefx.co. Accused of unauthorised financial and investment services, with signs of identity fraud.
• Stamford Finance – Website: stamford-finance.com. Offering banking and financial services without BaFin approval and not supervised by any regulator.

Why Verification Matters

BaFin urges investors to carefully check the authorisation status of any financial service provider before making transactions. Only firms listed in BaFins official register are permitted to operate in Germany. Using unlicensed platforms exposes consumers to high risks, including fraud, fund loss, and lack of legal recourse.

For safer choices, investors can use tools like WikiFX‘s broker verification service, where BaFin-licensed brokers are clearly listed and regularly updated. By confirming a broker’s regulatory status before opening an account, users can avoid scams and ensure their funds remain protected.