简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract：The German Federal Financial Supervisory Authority (BaFin) is looking into RXK Management Ltd., a firm that offers online trading in a variety of products, including Forex and cryptocurrency.
The German Federal Financial Supervisory Authority (BaFin) is looking into RXK Management Ltd., a firm that offers online trading in a variety of products, including Forex and cryptocurrency.
According to Section 37(4) of the German Banking Act (Kreditwesengesetz, - KWG), BaFin cautions that RXK Management Ltd. is not authorized to conduct banking activity or offer financial services under the KWG. BaFin does not oversee the firm.
The material on the company's website, rxkcapital.com, suggests that RXK Management Ltd. is doing banking activity and offering financial services in Germany without the necessary permission.
According to WikiFX data, RXK has not been authorized by any financial authorities, which essentially implies that the company has no permission to do financial business or any other kind of financial investment activity.
WikiFX attempted to search RXK Capital on two major financial regulators, BaFin and FCA but found no results.
Companies that do banking activity or provide financial services in Germany must be licensed under the KWG. However, some businesses operate without the proper permits. BaFin's business database contains information on whether a certain firm has been given authorization.
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt - BKA), and the German state criminal police offices (Landeskriminalämter) advise consumers seeking to invest money online to exercise extreme caution and conduct extensive research ahead of time in order to detect fraud attempts early on.
About BaFin
The Federal Financial Supervisory Body, or Bafin, is Germany's financial regulatory authority. It is in charge of overseeing the country's financial markets and financial service providers, which include banks, insurance companies, financial consultants, and investment businesses. Bafin also seeks to ensure that these businesses comply with consumer protection laws and regulations, and it has the right to take enforcement action against those that do not. Bafin is an autonomous organization in Germany that answers to the Federal Ministry of Finance.
Stay tuned for more Forex Broker news.
Download and install the WikiFX App from the download link below to stay updated on the latest news, even on the go.
Download link: https://www.wikifx.com/en/download.html
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.
You are likely here because you are considering trading with 9X markets, but their very recent launch date has you worried about the safety of your funds. You are right to be cautious.
Malaysia is facing a sharp escalation in online scam activities, with reported losses reaching RM2.7 billion between January and November, driven by increasingly sophisticated and well-organised fraud schemes. Official data shows a significant rise in cases compared to the previous year, while experts warn that the true economic impact may be far greater due to widespread underreporting.
If you are considering depositing funds with MYFX Markets, you need to pause and read this safety review immediately. While many brokers operate with high standards of transparency, our analysis of the data suggests MYFX Markets poses significant risks to retail investors.
9Cents (established 2024) presents the risk profile of a newly formed, unsupervised financial entity. Despite utilizing the reputable MT5 trading infrastructure, the broker operates without effective regulatory oversight and has already accrued serious allegations regarding fund safety. 9Cents is classified as a High-Risk Platform, primarily due to the discord between its high minimum deposit requirements for competitive accounts and its lack of legal accountability or capital protection schemes.
WikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFX
