Erscheinung:01.08.2025 | Topic Unauthorised business, Consumer protection BaFin investigates the company FinXToro
The Federal Financial Supervisory Authority (BaFin) warns consumers about the company FinXToro and the services it is offering. According to information available to BaFin, the company is offering banking business and/or financial services on its website finxtoro.org without the required authorisation. The company is not supervised by BaFin.
The operators of the website do not provide any information about their legal form or registered office.
Financial services may only be offered in Germany if the company providing these services has the necessary authorisation from BaFin. However, some companies offer these services without the required 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).
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.
