The BaFin Has Warned the Public About These Brokers

The BaFin has issued warnings about the following brokers. This should give you pause for thought if you are currently looking for a financial service for trading online. BaFin is a well-respected regulator who is a leading authority on financial markets and brokers. When they raise a red flag about a broker, it’s important to pay attention to what they have to say. 


CryptoCoinTrace has created these broker reviews to aid you in your financial research. We constantly update this list with fresh warnings from the world’s leading regulators. Reviews give a more in-depth yet concise picture of each individual broker and financial service and details the problems that have been found. This allows you to embark on your independent research into brokers. 


We recommend you consult our reviews frequently for new alerts. It’s essential to stay ahead of suspected online trading scams before they end up with your money in their wallets. If you’ve lost funds to any of the following brokers, contact our team right away and we’ll put our investigative skills to work for you.

What Does The Federal Financial Supervisory Advisory (BaFIN) Do?

BaFin is the leading regulator of Germany’s financial sector, including banks, insurance companies and brokers. Its employees, located all over Germany oversee financial companies and ensure compliance with standards and laws. They regularly analyze documentation from licensees and crack down on unlicensed financial companies operating in Germany. BaFin issues alerts regularly regarding suspicious financial activity and is committed to educating consumers about financial products

6 Most Frequent Broker Red Flags

  • The BaFin issues public warnings against brokers for the following reasons. These are the most common red flags–there may be other problems as well. 

    • Licensing issues
    • Misleading statements
    • Non-compliance with regulations
    • Proliferation of customer complaints
    • Clone broker
    • Legal action against the company

One of the most common problems BaFin identifies with brokers are licensing problems. This can range from having no licenses at all, claiming to be licensed in Germany when they aren’t or working with an expired or revoked license. The main problem with warning the public about unlicensed financial entities is that not enough consumers realize the importance of working only with regulated financial companies. 

It’s important to keep this in mind because the majority of the financial scams we investigate concern brokers and companies that have no license at all, and yet thousands of people sign up for their services and end up losing money. 

Another major problem includes misleading statements. This can range from making false guarantees of returns, making unsubstantiated claims and exaggerating credentials. Non-compliance with regulations is also common among suspicious brokers and is always a cause for concern. 

BaFin is alert to the problem of clone brokers. These are financial services that take a name similar to one that is licensed to try to get their customers to sign up with the imposter instead. If BaFin receives a large number of customer complaints that are verifiable, they will issue an alert. Finally, legal action against a financial company merits a warning, especially if they have received a cease and desist order and are still operating. 

Panteras Capital PLC Review

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C+C Finanz Review

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L8 Holdings Ltd Review

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What You Should Do If You Have an Account with These Brokers?

If you currently hold an account with the following brokers, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

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