BaFin Warns Against GFI Website as WikiFX Flags No Licence and a Very Low Score

Germanys financial regulator BaFin has issued a warning about the website gfi-hold.com, stating that it has indications the site is being used to offer financial, investment, and cryptoasset services without the required authorisation. BaFin reminded the public that companies offering such services in Germany generally need prior approval.

The warning adds to broader concerns around GFI. On the WikiFX page linked below, the broker is shown with a score of just 0.99/10, marked No Regulation, with “No forex trading license found” displayed on the profile. The page also carries cautionary labels around suspicious regulatory status and business scope.

Taken together, the regulatory warning and the broker profile signals suggest that traders should approach the platform with a high degree of caution and verify all background information carefully before engaging with it.

More broker details can be viewed here:

https://www.wikifx.com/en/dealer/3642766859.html