The regulator flagged Taurumax.com for offering financial and investment services without authorization.
Similarly, BaFin has warned the public about the services offered by ApolloKapital Ltd.
The German financial regulator, BaFin, has issued a
warning about the activities of two companies, including one supposedly
facilitating the trading of Contract for Differences (CFDs). Taurumax.com, a firm purportedly headquartered
in Frankfurt and Vienna, is accused by the regulator of offering financial and investment
services without authorization.
Unauthorized Operations
According to BaFin, Taurumax.com, which supposedly
offers CFD trading services, is not authorized to provide financial and
investment services in Germany. Despite claims of regulatory compliance,
Taurumax.com's activities reportedly do not meet the standards set by BaFin.
In Germany, entities offering banking, financial, or
investment services must obtain permission from BaFin to operate legally. This
regulatory framework aims to safeguard investors' interests and maintain the
integrity of the financial sector.
Similarly, BaFin has flagged ApolloKapital.com for
offering unlicensed financial services in Germany. The German financial watchdog has
cautioned the public against engaging with the services offered on
ApolloKapital.com. Despite claims made by ApolloKapital Ltd. Luxembourg,
BaFin has maintained that the company does not have the permission of the agency.
Navigating Regulatory Compliance
BaFin mentioned: "ApolloKapital Ltd. in the
imprint of the website, it describes itself as a subsidiary of Apollo
Investment Holdco Sarl and, in this context, provides a commercial register
number. A company, Apollo Investment Hodco SA, is actually registered under this
number. However, the corporate relationship described cannot be confirmed; this
is probably a case of misuse of identity."
BaFin's warning against ApolloKapital.com is based on the regulations under the Banking Act, which mandates regulatory
compliance for entities offering financial services within Germany. BaFin's
action aims to protect investors from unauthorized financial activities.
Last month, BaFin launched an investigation into the activities of a suspicious website, fx-flat.com. The regulator
cautioned users that this website falsely offers banking transactions and financial
services without permission, posing a serious threat to consumers and
the integrity of financial institutions.
BaFin highlighted the potential risks posed by such
unauthorized operations, including the loss of investors' assets. Notably, FXFlat Bank GmbH distanced itself from the
website.
BaFin's recent actions against fx-flat.com echo its previous
warnings concerning unauthorized financial activities and identity theft. In a
similar case, BaFin cautioned the public about tradestatisticsview.com, a firm that claims to be
headquartered in London and operating without approval.
The German financial regulator, BaFin, has issued a
warning about the activities of two companies, including one supposedly
facilitating the trading of Contract for Differences (CFDs). Taurumax.com, a firm purportedly headquartered
in Frankfurt and Vienna, is accused by the regulator of offering financial and investment
services without authorization.
Unauthorized Operations
According to BaFin, Taurumax.com, which supposedly
offers CFD trading services, is not authorized to provide financial and
investment services in Germany. Despite claims of regulatory compliance,
Taurumax.com's activities reportedly do not meet the standards set by BaFin.
In Germany, entities offering banking, financial, or
investment services must obtain permission from BaFin to operate legally. This
regulatory framework aims to safeguard investors' interests and maintain the
integrity of the financial sector.
Similarly, BaFin has flagged ApolloKapital.com for
offering unlicensed financial services in Germany. The German financial watchdog has
cautioned the public against engaging with the services offered on
ApolloKapital.com. Despite claims made by ApolloKapital Ltd. Luxembourg,
BaFin has maintained that the company does not have the permission of the agency.
Navigating Regulatory Compliance
BaFin mentioned: "ApolloKapital Ltd. in the
imprint of the website, it describes itself as a subsidiary of Apollo
Investment Holdco Sarl and, in this context, provides a commercial register
number. A company, Apollo Investment Hodco SA, is actually registered under this
number. However, the corporate relationship described cannot be confirmed; this
is probably a case of misuse of identity."
BaFin's warning against ApolloKapital.com is based on the regulations under the Banking Act, which mandates regulatory
compliance for entities offering financial services within Germany. BaFin's
action aims to protect investors from unauthorized financial activities.
Last month, BaFin launched an investigation into the activities of a suspicious website, fx-flat.com. The regulator
cautioned users that this website falsely offers banking transactions and financial
services without permission, posing a serious threat to consumers and
the integrity of financial institutions.
BaFin highlighted the potential risks posed by such
unauthorized operations, including the loss of investors' assets. Notably, FXFlat Bank GmbH distanced itself from the
website.
BaFin's recent actions against fx-flat.com echo its previous
warnings concerning unauthorized financial activities and identity theft. In a
similar case, BaFin cautioned the public about tradestatisticsview.com, a firm that claims to be
headquartered in London and operating without approval.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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🔔 Subscribe to our YouTube channel for more!🔔
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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🔔 Subscribe to our YouTube channel for more!🔔
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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