BaFin: FX BASE has no authorisation under section 32 of the German Banking Act (Kreditwesengesetz – KWG)

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) hereby announces that it has not granted FX Base authorisation to conduct banking business in Germany in accordance with section 32 of the KWG. The company is not subject to supervision by BaFin.

FX Base has falsely claimed online, including on the website www.fx-base.com, that it has been granted authorisation by BaFin.

Source: BaFin

BaFin: World Capital Group has no authorisation under section 32 of the German Banking Act (Kreditwesengesetz – KWG)

BaFin hereby announces that it has not granted World Capital Group, which allegedly operates branches in Zurich, Switzerland, and Lisbon, Portugal, with authorisation to conduct banking business or provide financial services in accordance with section 32 of the KWG. The company is not subject to supervision by BaFin.

The company falsely claims that the European Central Bank and BaFin are responsible for its authorisation and supervision. This gives the impression that the company has been granted authorisation by BaFin, which is not the case.

Source: BaFin