Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
German Authority BaFin Advises Caution Against FX Broker Kingdom Investments
Abstract：The German financial regulator, BaFin, has issued a cautionary warning regarding the dangers of offshore brokers operating within the country's CFDs sector. BaFin has specifically flagged "Kingdom Investments", claiming that the company is running an illegal business without proper authorization and offering German customers CFDs that expose them to FX and cryptocurrency instruments.
The German financial regulator, BaFin, has issued a cautionary warning regarding the dangers of offshore brokers operating within the country's CFDs sector. BaFin has specifically flagged “Kingdom Investments”, claiming that the company is running an illegal business without proper authorization and offering German customers CFDs that expose them to FX and cryptocurrency instruments.
BaFin suspects that Kingdom Investments is a suspicious company as it uses the details of a regulated platform to deceive the public, giving the impression that it is legitimate in Germany. The company goes even further by claiming on its website to offer risk-free trading with powerful strategies. BaFin disputes the company's claimed locations in the United States and Malta.
On the other hand,
WikiFX, a medium platform of 30 financial authorities worldwide, discovered that the broker Kingdom Investment is not regulated or authorized by any financial authority.
The regulator urges citizens to exercise caution and follow due verification processes, including checking the company's identity and establishment location. BaFin is also keeping a close eye on social media, where it has issued guidelines for potential investors to be wary of promises of excessive returns. In response to the rise of unregulated trading signals on online forums, BaFin has warned against traders using flashy social media profiles to trick inexperienced persons into thinking they can quickly make large profits through online trading.
BaFin warns that these traders do not have the necessary qualifications or accreditation to offer these services and their advice can be inaccurate and carry significant risks. The watchdog is working to keep up with the growth of the crypto market and inform retail investors of the potential risks involved.
Stay informed on the latest news by downloading the WikiFX App on your smartphone.
Download link: https://www.wikifx.com/en/download.html？source=fma3
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Seaprimecapitals Withdrawal Problems: A Complete Guide to Risks and User Experiences
Worries about Seaprimecapitals withdrawal problems and possible Seaprimecapitals withdrawal delay are important for any trader. Being able to get your money quickly and reliably is the foundation of trust between a trader and their broker. When questions come up about this basic process, it's important to look into what's causing them. This guide will tackle these concerns head-on, giving you a clear, fact-based look at Seaprimecapitals' withdrawal processes, user experiences, and trading conditions. Most importantly, we'll connect these real-world issues to the single most important factor behind them: whether the broker is properly regulated. Understanding this connection is key to figuring out the real risk to your capital and making a smart decision.
Original Three days ago
iFX Brokers Review: Do Traders Face Withdrawal Issues, Deposit Credit Failures & Free Coupon Mess?
Have you had to pay several fees at iFX Brokers? Had your trading profit been transferred to a scamming website, causing you losses? Failed to receive withdrawals from your iFX Brokers trading account? Has your deposit failed to reflect in your trading account? Got deceived in the name of a free coupon? Did the broker officials not help you in resolving your queries? Your problems resonate with many of your fellow traders at iFX Brokers. In this iFX Brokers review article, we have explained these problems and attached traders’ screenshots. Read on!
Original Three days ago
NinjaTrader Exposed: Why Traders are Calling Out NinjaTrader’s Lifetime Plan & Chart Data
Did NinjaTrader onboard you in the name of the Lifetime Plan, but its ordinary customer service left you in a poor trading state? Do you witness price chart-related discrepancies on the NinjaTrader app? Did you have to go through numerous identity and address proof checks for account approval? These problems occupy much of the NinjaTrader review online. In this article, we have discussed these through complaint screenshots. Take a look!
Original Three days ago
Questrade Review Pros, Cons and Regulation
Is Questrade legit? Yes—CIRO regulated broker offering stocks, ETFs, forex, CFDs, bonds, and more with low fees and modern platforms.
Original Three days ago
WikiFX Broker
Latest News
Bessent believes there won't be a recession in 2026 but says some sectors are challenged
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate