Erscheinung:11.06.2025 | Topic Unauthorised business, Consumer protection i-ox.com: BaFin investigates website operators
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website i-ox.com. BaFin has information that the operators are offering banking business and/or financial services on the website without the required authorisation. The operators are not supervised by BaFin.
Banking business, financial services and cryptoasset services may only be offered in Germany with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether particular companies have been authorised by BaFin can be found in BaFin’s database of companies.
BaFin is issuing this information on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).
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.
