Erscheinung:29.07.2025 | Topic Unauthorised business, Consumer protection Soria Limited: BaFin warns against website sorialimited.com
The Federal Financial Supervisory Authority BaFin warns against offers on website sorialimited.com. According to its findings, financial, investment and crypto asset services are provided by Soria Limited without the required authorisation.
It is suspected, that Soria Limited is the successor to trading platform Axion Alliance, which was already the subject of a warning issued by BaFin on 11 April 2025. Soria Limited is not supervised by BaFin or the alleged European Financial Security (FISEU).
There is no FISEU supervisory authority and it does not supervise companies that operate in the financial sector. FISEU was already a subject of a warning issued by BaFin on 10 February 2023.
Anyone conducting banking business or providing financial, investment or crypto asset services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether companies have been authorised by BaFin can be found in BaFin’s database of companies.
The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomaerkteaufsichtsgesetz).
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.
