Erscheinung:19.03.2025 | Topic Unauthorised business, Consumer protection tronixrise.com: BaFin warns against website
The German Federal Financial Supervisory Authority (BaFin) warns against the website tronixrise.com. According to its findings, the operator offers financial and investment services as well as crypto-security services there without a license.
The operator of the website only appears under the name TronixRise, without using a legal form. A business address in Horley, United Kingdom, is provided.
Recently, a large number of websites with almost identical content have already come to light, and BaFin has also issued warnings about these. In the vast majority of the cases, presentation on the websites begins with the following sentence: “Step into the trading arena with confidence & [name of website]”.
Anyone offering financial or investment services or crypto-asset services in Germany requires a license from BaFin. However, some companies offer such services without the required license. Information on whether a particular company is authorized by BaFin can be found in the database of companies.
The information provided by BaFin is based on Section 37 (4) of the German Banking Act (KWG) and Section 10 (7) of the German Crypto Markets Supervision Act (KMAG).
Please be aware:
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.
