BaFin warns about unauthorized trading platform brokereins.com
Summary
BaFin issued a consumer warning on April 2, 2026, regarding the website brokereins.com, which is offering banking business and financial services in Germany without the required authorization. The operators are not supervised by BaFin. This warning is issued under section 37(4) of the German Banking Act (KWG).
What changed
BaFin has determined that the operators of brokereins.com are offering banking business and/or financial services in Germany without the required authorization, in violation of authorization requirements under the German Banking Act (KWG). The authority issued this warning pursuant to section 37(4) KWG, which allows BaFin to publicly identify unauthorized entities.
Consumers who have engaged with this platform should verify whether they are dealing with an authorized entity by checking BaFin's company database. Consumers are advised to exercise extreme caution when investing money online and to conduct thorough research before transferring funds to any platform. Suspicious activity should be reported to BaFin's whistleblower contact point.
What to do next
- Verify whether any financial service provider you have engaged with appears on BaFin's company database to confirm authorization status
- Report any suspicious or unauthorized financial services activity to BaFin's whistleblower contact point
- Exercise extreme caution when engaging with online trading platforms and verify authorization before transferring funds
Archived snapshot
Apr 2, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Erscheinung: 02.04.2026 | Topic Unauthorised business, Consumer protection BaFin warns consumers about the website brokereins(.)com
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website brokereins(.)com. BaFin has information that the operators are offering banking business and/or financial services on this website without the required authorisation. The operators are not supervised by BaFin.
Banking business, financial services and cryptoasset services may only be offered in Germany with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin ’s database of companies.
BaFin is issuing this warning on the basis of 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.
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