Erscheinung:04.07.2024 | Topic Unauthorised business, Consumer protection iqcapitalinvest.org: BaFin warns consumers about IQ Capital Invest
The Federal Financial Supervisory Authority (BaFin) warns consumers about the company IQ Capital Invest and the services it is offering. BaFin suspects the unknown operators of the website iqcapitalinvest.org of offering consumers financial and investment services without the required authorisation. The operators claim to offer consumers trading accounts for transactions in currencies, shares and indices.
The operators of the website simply use the name IQ Capital Invest without stating the company’s legal form. They do not provide any information about their registered office and the website contains no legal notice.
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.
