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Trade Next Generation
On September 24, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the company Trade Next Generation and the services it is offering, suspecting the unknown operators of the website tradenextgen.org of offering consumers financial and investment services without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_09_09_Trade_Next_Generation_en.html
On September 24, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the company Trade Next Generation and the services it is offering, suspecting the unknown operators of the website tradenextgen.org of offering consumers financial and investment services without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_09_09_Trade_Next_Generation_en.htmlTrade Next Generation claims to be a forex broker regulated by the European Financial Authority. However, the German financial regulator, the Federal Financial Supervisory Authority (BaFin), has issued a warning about Trade Next Generation. BaFin states that there is no such authority and that the broker is operating without the required authorization.
In essence, Trade Next Generation is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Trade Next Generation appears to be a scam.
Trade Next Generation claims to be a forex broker regulated by the European Financial Authority. However, the German financial regulator, the Federal Financial Supervisory Authority (BaFin), has issued a warning about Trade Next Generation. BaFin states that there is no such authority and that the broker is operating without the required authorization.In essence, Trade Next Generation is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Trade Next Generation appears to be a scam.
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