The regulator flagged Taurumax.com for offering financial and investment services without authorization.
Similarly, BaFin has warned the public about the services offered by ApolloKapital Ltd.
The German financial regulator, BaFin, has issued a
warning about the activities of two companies, including one supposedly
facilitating the trading of Contract for Differences (CFDs). Taurumax.com, a firm purportedly headquartered
in Frankfurt and Vienna, is accused by the regulator of offering financial and investment
services without authorization.
Unauthorized Operations
According to BaFin, Taurumax.com, which supposedly
offers CFD trading services, is not authorized to provide financial and
investment services in Germany. Despite claims of regulatory compliance,
Taurumax.com's activities reportedly do not meet the standards set by BaFin.
In Germany, entities offering banking, financial, or
investment services must obtain permission from BaFin to operate legally. This
regulatory framework aims to safeguard investors' interests and maintain the
integrity of the financial sector.
Similarly, BaFin has flagged ApolloKapital.com for
offering unlicensed financial services in Germany. The German financial watchdog has
cautioned the public against engaging with the services offered on
ApolloKapital.com. Despite claims made by ApolloKapital Ltd. Luxembourg,
BaFin has maintained that the company does not have the permission of the agency.
Navigating Regulatory Compliance
BaFin mentioned: "ApolloKapital Ltd. in the
imprint of the website, it describes itself as a subsidiary of Apollo
Investment Holdco Sarl and, in this context, provides a commercial register
number. A company, Apollo Investment Hodco SA, is actually registered under this
number. However, the corporate relationship described cannot be confirmed; this
is probably a case of misuse of identity."
BaFin's warning against ApolloKapital.com is based on the regulations under the Banking Act, which mandates regulatory
compliance for entities offering financial services within Germany. BaFin's
action aims to protect investors from unauthorized financial activities.
Last month, BaFin launched an investigation into the activities of a suspicious website, fx-flat.com. The regulator
cautioned users that this website falsely offers banking transactions and financial
services without permission, posing a serious threat to consumers and
the integrity of financial institutions.
BaFin highlighted the potential risks posed by such
unauthorized operations, including the loss of investors' assets. Notably, FXFlat Bank GmbH distanced itself from the
website.
BaFin's recent actions against fx-flat.com echo its previous
warnings concerning unauthorized financial activities and identity theft. In a
similar case, BaFin cautioned the public about tradestatisticsview.com, a firm that claims to be
headquartered in London and operating without approval.
The German financial regulator, BaFin, has issued a
warning about the activities of two companies, including one supposedly
facilitating the trading of Contract for Differences (CFDs). Taurumax.com, a firm purportedly headquartered
in Frankfurt and Vienna, is accused by the regulator of offering financial and investment
services without authorization.
Unauthorized Operations
According to BaFin, Taurumax.com, which supposedly
offers CFD trading services, is not authorized to provide financial and
investment services in Germany. Despite claims of regulatory compliance,
Taurumax.com's activities reportedly do not meet the standards set by BaFin.
In Germany, entities offering banking, financial, or
investment services must obtain permission from BaFin to operate legally. This
regulatory framework aims to safeguard investors' interests and maintain the
integrity of the financial sector.
Similarly, BaFin has flagged ApolloKapital.com for
offering unlicensed financial services in Germany. The German financial watchdog has
cautioned the public against engaging with the services offered on
ApolloKapital.com. Despite claims made by ApolloKapital Ltd. Luxembourg,
BaFin has maintained that the company does not have the permission of the agency.
Navigating Regulatory Compliance
BaFin mentioned: "ApolloKapital Ltd. in the
imprint of the website, it describes itself as a subsidiary of Apollo
Investment Holdco Sarl and, in this context, provides a commercial register
number. A company, Apollo Investment Hodco SA, is actually registered under this
number. However, the corporate relationship described cannot be confirmed; this
is probably a case of misuse of identity."
BaFin's warning against ApolloKapital.com is based on the regulations under the Banking Act, which mandates regulatory
compliance for entities offering financial services within Germany. BaFin's
action aims to protect investors from unauthorized financial activities.
Last month, BaFin launched an investigation into the activities of a suspicious website, fx-flat.com. The regulator
cautioned users that this website falsely offers banking transactions and financial
services without permission, posing a serious threat to consumers and
the integrity of financial institutions.
BaFin highlighted the potential risks posed by such
unauthorized operations, including the loss of investors' assets. Notably, FXFlat Bank GmbH distanced itself from the
website.
BaFin's recent actions against fx-flat.com echo its previous
warnings concerning unauthorized financial activities and identity theft. In a
similar case, BaFin cautioned the public about tradestatisticsview.com, a firm that claims to be
headquartered in London and operating without approval.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!