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BFM Group

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Operating status: SCAM

Website: https://bfmgroup.io/

Broker violations and abnormal records
  • 2024-08-27 BaFin issues a warning against BFM Group

    On August 28, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the website bfmgroup.io, stating that the financial and investment services are being provided on this website without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_08_26_bfmgroup_io_en.html

    On August 28, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the website bfmgroup.io, stating that the financial and investment services are being provided on this website without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_08_26_bfmgroup_io_en.html
  • 2024-08-28 BrokersView has reviewed that BFM Group is an unregulated broker

    According to its website, it does not display any valid regulatory information on the website for inquiry, which is very unreliable. In addition, the Federal Financial Supervisory Authority (BaFin) warned consumers about the website bfmgroup.io, stating that the financial and investment services are being provided on this website without the required authorization.

    In essence, BFM Group 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.

    BFM Group appears to be a scam.

    According to its website, it does not display any valid regulatory information on the website for inquiry, which is very unreliable. In addition, the Federal Financial Supervisory Authority (BaFin) warned consumers about the website bfmgroup.io, stating that the financial and investment services are being provided on this website without the required authorization.In essence, BFM Group 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.BFM Group appears to be a scam.

Related Complaints

Q&A

Can I trust BFM Group?

ellieF
Iceland
2024-09-02
ANSWER Dear Investor,We are concerned that BFM Group may be a scam.Lack of regulatory oversight: Unlike regulated brokers that display licensing details on their website, BFM Group fails to do so. This suggests that the broker is likely unregulated.BaFin warning: BFM Group conceals company information, operating without the required authorization. This prompts a warning issued by the Federal Financial Supervisory Authority (BaFin).Therefore, we strongly advise against using BFM Group. For a safer trading environment, we recommend choosing fully regulated brokers instead.
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