Erscheinung:10.09.2025 | Topic Unauthorised business, Consumer protection Identity theft: BaFin warns against trading platforms that are allegedly operated by companies belonging to the Invesco Group, some of which cite the address of the branch in Germany
Alleged employees of Invesco are contacting people by telephone and email without permission to offer them the opportunity to open trading accounts. These trading accounts are supposedly intended for trading purposes. The impression is given that the trading accounts offered are connected to the Invesco branch in Germany, which is supervised by BaFin. This is not the case. This is a case of identity theft. No Invesco employee would call consumers unsolicited or try to persuade them to invest in Invesco products via email or WhatsApp.
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).
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.
