The Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers regarding the website tradestatisticsview.com, cautioning that financial and investment services are being offered without the necessary authorization.

False Claims: Dubious London Base

The website, self-identified as "Tradestatisticsview," claimed to be based in London, United Kingdom, but lacks information about its legal form. Additionally, the operator has been using the name "Bitcer" without disclosing its legal status. The website referenced a registration certificate from the British Companies House allegedly obtained by the company ELITEBITXCHANGE. However, the investigation revealed that the mentioned company, Bitcer Limited, was dissolved in September 2021, as confirmed by Companies House.

BaFin has further uncovered that an individual associated with tradestatisticsview.com is reaching out to customers using the name "Marc Friedrich." This identity is being used without authorization, involving the fraudulent copying of portrait photos from Friedrich's internet presence. BaFin emphasizes that Friedrich has no business relationship with the operator of tradestatisticsview.com, labeling this incident as identity fraud committed against Friedrich by an unknown perpetrator.

Companies operating in Germany are obligated to secure BaFin authorization for banking, financial, or investment services. To verify whether a specific company holds BaFin authorization, consumers are encouraged to consult BaFin's database of authorized companies.

Warning Extends: Unauthorized Investment Website and Identity Fraud

In an earlier report at Finance Magnates, it was stated that BaFin had issued a warning against the investment website cmfx.trade, operated by Capital Master GmbH. The website lacks essential legal information, such as the company's domicile or business address.

Capital Master claims to offer investment services, including contracts for difference (CFDs) instruments for forex, cryptocurrencies, and futures. Despite false claims of collaboration with entities like McLaren, Binance, Coinbase, Kraken, and Blockchain.com, the platform does not possess the necessary regulatory license from BaFin.

BaFin's warning extends to identity fraud, revealing that individuals claiming to be Capital Master employees are reaching out to customers of Tierion Finance, another unauthorized online trading platform previously targeted by BaFin. These individuals offer affected customers the chance to recover their invested capital and alleged profits, falsely claiming a connection with EUWAX Aktiengesellschaft, a BaFin-authorized company.