BaFin Issues Alert on Unlicensed Trading Platform

BaFin issues alert on, revealing identity fraud links and unlicensed trading by Capital Master GmbH.

Home » BaFin Issues Alert on Unlicensed Trading Platform

BaFin issued a stark fraud alert on Monday, cautioning against the unlicensed investment website operated by Capital Master GmbH. The regulatory body unveils disturbing connections to identity fraud, urging the public to avoid engaging with the platform and highlighting concerns about its lack of financial and investment services authorization.

BaFin highlighted a critical deficiency on the website, emphasizing the absence of a legal notice or any information regarding the company’s domicile or business address. Despite purporting to offer investment services with contracts for difference (CFDs) in forex, cryptocurrencies, and futures, Capital Master operates without the mandatory regulatory license required for online trading platforms in Germany.

BaFin Alert On Fraud

Asserting itself as a “strong advocate of transparency,” the platform grandiosely claims complete separation from its funds. However, BaFin’s investigation reveals these statements to be deceptive, mirroring a broader pattern of misinformation.

Among the false claims propagated by Capital Master is its alleged collaboration with prominent entities such as McLaren, Binance, Coinbase, Kraken, and These assertions, though, lack credibility and are deemed misleading by BaFin.

In a concerning twist, BaFin disclosed that individuals posing as employees of Capital Master have been reaching out to victims of Tierion Finance, another unauthorized online trading platform previously addressed by BaFin. These impostors offer victims the opportunity to recover their invested capital, falsely asserting a connection with EUWAX Aktiengesellschaft, a BaFin-authorized company. BaFin clarified that no such connection exists, categorizing the situation as identity fraud committed against EUWAX Aktiengesellschaft by unknown perpetrators.

This warning serves as a crucial reminder of the persistent risks associated with unlicensed online trading platforms and the critical importance of conducting thorough due diligence. BaFin urges individuals to exercise caution, report any suspicious activities related to Capital Master GmbH, and remain vigilant in the face of evolving fraudulent schemes within the financial sector.

Also, Stay updated with us for more news on Broker News.

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertise with us

Subscribe to Newsletter

Brokers Reviews

eToro is a regulated online brokerage that offers trading of a wide range of trading instruments, including over 3,000 tradeable symbols, including CFDs, forex pairs, and exchange-traded securities, which can be traded through their eToro Investment Platform.

IC Markets is a licensed forex CFD broker, extending an opportunity for day traders, scalpers, and newcomers to engage in CFD trading. They furnish their clients with state-of-the-art trading platforms, high-speed connectivity with minimal delays, and exceptional liquidity.

Vantage is a well-decorated multi-asset broker based in Sydney, boasting over ten years of profound market knowledge. Operating in 172 countries, they employ a workforce of over 1,000 professionals distributed across 30 offices all across the globe.

Latest News