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Abstract:Germany’s Federal Financial Supervisory Authority (BaFin) has issued a series of public warnings on May 14, 2025, targeting at least five unlicensed financial websites that are allegedly offering unauthorized services to German consumers. These include dvagk.de, valuewanderer.com, quinvexcaptial.com, market-z.com, and europrofitspro.com.
According to BaFin, the websites are providing investment, banking, or cryptoasset services without proper authorization under German law. Some of them falsely claim to be affiliated with licensed firms, while others operate through offshore entities to bypass regulation.
One of the most concerning cases involves dvagk.de, which BaFin confirmed is not affiliated with Deutsche Vermögensberatung AG (DVAG) despite using its brand identity—indicating a clear case of identity theft.
In another case, quinvexcaptial.com was linked to a group providing trading advice via WhatsApp under the name “Quinvex Capital GmbH.” BaFin clarified that the operator is not licensed in Germany and has no connection to the legitimate U.S.-based Quinvex Capital.
Websites such as valuewanderer.com, market-z.com, and europrofitspro.com all claim to offer crypto investment services, but BaFin found that these platforms are being run by offshore entities like Kotak Ltd in Saint Lucia and are not authorized to operate in Germany.
BaFin reminds investors that any firm offering financial or crypto-related services in Germany must be listed in its official registry. Consumers can verify licenses through BaFins company database. Additionally, tools like WikiFX can help users assess broker credibility, regulatory status, and user complaints before engaging with any platform.
These warnings were issued in collaboration with the German Federal Criminal Police (BKA) and state-level law enforcement agencies, who recommend heightened caution when dealing with online investment offers—especially those promoted through social media, messaging apps, or anonymous websites.
As of now, investigations into these websites are ongoing, and BaFin encourages anyone with relevant information or victim experience to report directly to the authorities.
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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