09 March 2020

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

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