Erscheinung:01.01.2024 | Topic Unauthorised business, Consumer protection forindex.com: BaFin investigates website operator
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered by the company ForIndex UK Ltd. According to information available to BaFin, the previously unknown operators of the website forindex.com are offering financial and investment services on this website. The operators also provide a trading platform.
ForIndex UK Ltd claims that it is registered with the British financial supervisor Financial Conduct Authority (FCA). This is not the case.
Anyone wishing to conduct banking business or provide financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
The information provided by BaFin is based on 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.
