Erscheinung:05.06.2024 | Topic Unauthorised business, Consumer protection Website global-xcrypto.com: BaFin warns consumers about Global-XCrypto
The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Global-XCrypto and the services it is offering. BaFin suspects the unknown operators of the website global-xcrypto.com of offering consumers financial and investment services without the required authorisation.
The website is one of a number of online trading platforms that display the opening sentence “Upgrade Your Trading With …”. These websites are largely identical in terms of the graphics and text used.
Global XCrypto
Source: global-xcrypto.com
BaFin’s warning applies to the following websites:
- mayfaircap.io
- marginstrade.com
- capitalpartners24.com
- cryptoglobalx.com
- capitalmarket24.com
- fcapital24.com
Anyone wishing to conduct banking business or provide financial or investment 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 granted authorisation 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.
