GainLiteX (.)co: Bafin warns about website and other platforms

The Federal Financial Supervisory Authority (Bafin) warns consumers about a series of almost identical websites, which frequently use the following phrases: ‘Comprehensive financial advice and investment services that are tailored to your individual needs’ and ‘Join the global leader of financial investments’.

To date, Bafin has become aware of the following websites in this regard:

Acmedividends(.)com
alphasharesmarket(.)com
aoextrades(.)live
cloudtinvt(.)pro
cmetrustgroup(.)com
copyexpresstrades(.)com
crownxcapitals(.)com
dreammfx(.)net
elitetradehub(.)net
gifxpartnersltd(.)com
globalcapitalshares(.)com
globalmaxinvestment(.)com
greenpointsllc(.)org
octapayvest(.)com
securedcryptoassets(.)com
sratumcypher(.)com
standardcapitalfinance(.)ltd
titanedgefx(.)trade
trademarketoptionsltd(.)com
valorstream(.)com
westgateinvestments(.)org
zealprimefinance(.)com
zenithwealthglobals(.)org 

According to information available to Bafin, the operators are offering financial and cryptoasset services on the websites without the required authorisation. The operators of these websites are not supervised by Bafin.

Anyone providing financial or investment services in Germany may do so only with authorisation from Bafin. However, some companies offer these services without the necessary authorisation. You can use Bafin’s database of companies to check whether a particular company has been authorised by Bafin.

Bafin, the German Federal Criminal Police Office (BKA) and the German state criminal police offices (Landeskriminalämter) warn consumers to watch out for internet-based financial fraud. If you wish to invest money online, exercise the utmost caution and do the necessary research beforehand in order to identify attempted fraud at an early stage.

In the Recognising financial fraud section of our website, you can view Bafin’s current warnings about companies operating without the required authorisation and find out how to protect yourself from fraud on the financial market.