Erscheinung:12.05.2025 | Topic Unauthorised business, Consumer protection tradego.io: BaFin warns consumers about website and identity fraud
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website tradego.io. According to information available to BaFin, this website is being used to offer financial, investment and cryptoasset services without the required authorisation.
The operators of the website refer to themselves only as TradeGo.io without stating the company’s legal form. They claim to be based in Brussels, Belgium, and state a number under which they are purportedly registered with BaFin (“BaFin ID”). This number was issued by BaFin to the company TradeGo S.A./N.V., which has for some time been trading under the name Euroclear SA/NV. Euroclear SA/NV, formerly TradeGo S.A./N.V., has no connection whatsoever to the website tradego.io or the services offered there. This is a case of identity theft.
Anyone providing financial, investment or cryptoasset services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
BaFin is issuing this warning on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz – 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.
