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The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website eatradingcenter.top. According to information available to BaFin, the operator is providing financial and investment services on this website without the required authorisation.
The operator refers to itself as “EATradingcenter” without providing any information about the legal form. The website does not contain a legal notice. The operator claims to have its registered office in London, United Kingdom; a full business address is not given. Except for its name, the website is identical to the websites tradecentrix.net, cmginternal.org, stateinvestments.co.uk, and eatradingcenter.io regarding which BaFin already issued warnings on 1 November, 5 December and 15 December 2023.
Anyone providing 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 particular companies have been authorised 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.
