German Investors Advised Avoid BaFin-Warned Forex Brokers

According to updates from the German financial regulator BaFin in January 2025, the following brokers are not authorized under the KWG to conduct banking business or provide financial services.

These unauthorized operators offer financial and investment services on their websites without the necessary approval.

Some of the unlicensed brokers were even trying to convince the public that they were fully regulated by watchdogs by claiming or implying to be famous firms.

If you find your broker is on the list of warned brokers, please immediately stop paying and seek help from your local enforcement agencies and financial watchdogs.

Fintexa

Website: Fintexa.net

Premium Trading Signal

Website: premiumtradingsignal.com

Pause Point Next

Website: pausepointnext.com

AuraSwiss

Website: auraswiss.net

Bit-Wise

Website: bitwise-pro.com

Dynasty Trade / Dynasty Trades LTD / Dynasty Trade Ltd

Website: dynasty-trade.io

Morgans Finance

Website: morgans-finance.com

Capitus

Website: capitus.net

Swiss Prime Fx

Website: swissprimefx.com

Website: progcm.io

Finance IG

Website: finance-ig.com

Yuminex

Website: Yuminex.io

Ecofix

Website: Ecofix.io