WikiFX Deep Dive Review: ExpertOption
Reference to WikiFX records shows that **ExpertOption is a high-risk broker.** While the company has been operating since 2017 and has a popular trading app, the safety foundations are weak.
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BaFin Issues Warnings for 5 Unlicensed Platforms with Varying Risks
Abstract：The Financial Supervisory Authority (BaFin) has issued warnings for several platforms operating without the necessary authorization to provide financial services. These platforms, which include websites offering investment opportunities and cryptocurrency services, have been found engaging in unauthorized activities, posing various risks to investors.
BaFin Warns About Five Platforms
BaFins warning includes five distinct platforms, each facing different regulatory issues:
1. PNG Group: Unauthorized Financial Services
BaFin has warned about the website png-group.net, stating that it offers banking business, financial, and investment services without proper authorization. This poses a significant risk to anyone engaging with the platform.
2. SimCorp: Identity Fraud
The financial supervisory authority BaFin warns against investment offers, in particular via WhatsApp, which allegedly originate from SimCorp GmbH, Bad Homburg, or another company of the SimCorp Group. According to their findings, unknown persons using unauthorised names and photos of members of the SimCorp Group are providing financial and investment services without permission. In particular, they offer the brokerage of pre-IPO shares in connection with upcoming IPOs. This is a case of identity fraud.
3. topcoinmarkt.de: Unauthorized Services
BaFin has also issued a warning against topcoinmarkt.de, a platform offering financial, investment, and cryptocurrency services without permission. The platform claims to operate from the UK and Cyprus but is not registered with the relevant regulatory authorities.
4. amgfinancialeu.com: Suspected Identity Fraud
amgfinancialeu.com is another website under BaFins scrutiny. The platform offers unlicensed financial and crypto-asset services and falsely claims affiliation with LLB Swiss Investments AG. BaFin has identified this as a case of identity fraud.
5. Internationale Bausparkasse: Unauthorized Services
BaFin has warned about an operator using the name Internationale Bausparkasse, which offers unauthorized banking and financial services, including cryptocurrency-related services. The operator claims to be based in Northern Cyprus, but the use of the legally protected term ‘Bausparkasse’ is unauthorized.
About BaFin
BaFin, the Federal Financial Supervisory Authority of Germany, is responsible for regulating and supervising financial institutions, ensuring the integrity and transparency of the financial markets. The authoritys goal is to protect investors, maintain the stability of the financial system, and ensure that financial institutions comply with regulatory requirements.
BaFin operates under the German Banking Act and Securities Trading Act, ensuring strict compliance with financial regulations. Platforms that are not licensed to offer financial services are subject to legal action, and BaFin frequently issues warnings and alerts to protect investors from fraud and unauthorized activities.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Common Questions About ICM Capital: Safety, Fees, and Risks (2025)
If you are looking into ICM Capital (also known simply as ICM), you might be attracted by their established history since 2017 or their access to the MetaTrader platforms. However, glancing at the surface isn't enough when your capital is at risk. With a concerning WikiFX Score of 2.46 out of 10, this broker is currently flashing warning signals that every potential client needs to understand before hitting the "Deposit" button.
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Tradeview Markets Investigation: The "Negative Balance" Raid and Coercive Tactics Uncovered
In the world of online trading, trust is the currency that matters most. However, recent data aggregation by WikiFX has signaled a "level red" alert regarding Tradeview Markets. Between July and November 2025, our support center was flooded with complaints alleging that the broker unilaterally wiped out account balances under the guise of "negative balance reversal," while simultaneously employing "account deletion" tactics in Asian markets. This report investigates the alarming patterns behind these complaints and analyzes why existing regulations failed to protect these traders.
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Is ZarVista Legit? A Critical Review of Its Licenses and Red Flags
For traders asking, "Is ZarVista legit?", the evidence points to a clear and strong conclusion: ZarVista operates as a high-risk broker. While it shows a modern interface and different account types, these features are overshadowed by major weaknesses in how it is regulated, a history of legal problems, and many user complaints. This article will break down these issues to give you a complete view of the risks involved. Our analysis shows that the chance of losing capital when dealing with ZarVista is very high. The combination of weak overseas licensing and documented problems creates a situation where trader funds are not properly protected.
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