Erscheinung:23.07.2025 | Topic Unauthorised business, Consumer protection BaFin warns consumers about a further Mulfin Trade website: trading-area.mulfin-v4.com
The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Mulfin Trade and the services it is offering. BaFin suspects the operators of the website trading-area.mulfin-v4.com of offering consumers financial, investment and cryptoasset services without the required authorisation.
BaFin issued warnings on 26 May 2025 and 13 June 2025 about Mulfin Trade.
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 authorised 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.
