BaFin warns consumers about Gainorex Investment app
Summary
BaFin has issued a warning to consumers regarding the Gainorex Investment app, which is being promoted via a WhatsApp group. BaFin suspects the operators are conducting banking and/or financial services without the necessary authorization, making them unsupervised.
What changed
The German Federal Financial Supervisory Authority (BaFin) has issued a consumer warning concerning the Gainorex Investment app. BaFin suspects that the operators of this app, promoted through a Börsenblick A-001 WhatsApp group, are engaging in banking and/or financial services without the required authorization from BaFin. These operators are not supervised by BaFin, and their activities are being conducted without the necessary license to offer such services in Germany.
This warning serves to alert consumers to potential fraudulent activity and unauthorized financial services. Regulated entities and consumers are advised to exercise extreme caution when dealing with unsolicited investment offers. BaFin recommends that consumers verify any company's authorization through its official database before engaging in financial transactions. While this is a warning and not an enforcement action with penalties, operating without authorization is a violation of the German Banking Act (KWG).
What to do next
- Review BaFin's database for authorization of financial service providers before engaging in transactions.
- Exercise extreme caution with unsolicited investment offers promoted through social media or other channels.
- Report suspected unauthorized financial activities to BaFin.
Source document (simplified)
Erscheinung: 13.03.2026 | Topic Unauthorised business, Consumer protection BaFin warns consumers about the Gainorex Investment app
The Federal Financial Supervisory Authority (BaFin) warns consumers about the Börsenblick A-001 WhatsApp group. In the WhatsApp group, consumers are encouraged to use the Gainorex Investment app to trade in financial instruments. BaFin suspects the unknown operators of offering consumers banking business and/or financial services 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.
You can view BaFin’s current warnings about companies operating without the required authorisation and find out how to protect yourself from fraudsters on the financial market in the “ Recognising financial fraud ” section of our website.
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