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In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that the operators of the trading platform alphafxs.com, which is purportedly domiciled in London, United Kingdom, do not hold authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin and is not affiliated with the company Alpha FX Limited, which is supervised by the UK’s Financial Conduct Authority, or the company Alpha FX Europe Limited, which is authorised in Germany.
Companies that conduct banking business or provide financial services in Germany require authorisation under the KWG or the German Investment Firm Act (Gesetz zur Beaufsichtigung von Wertpapierinstituten – WpIG). However, some companies operate without the necessary authorisation. Information on whether particular companies have been authorised by BaFin can be found in BaFin’s database of companies.
