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The Federal Financial Supervisory Authority (BaFin) has issued a consumer warning regarding the website Fintexa.net, cautioning the public that the company may be offering unauthorized financial services. This announcement was made in a news release on January 2, 2025.
According to BaFin, there is suspicion that the operators of Fintexa.net are providing financial and investment services without the necessary authorization. In Germany, such services require BaFin's approval. The authority advises checking its database to verify whether a company is authorized to offer these services.
Fintexa.net is described as an online trading platform offering various financial services, including Forex, cryptocurrency, and stock trading. It advertises features like low spreads, fast order execution, and customer support while claiming to provide access to global markets and personalized trading assistance.
