BaFin warns: Massive wave of fraud among financial service providers exposed!

BaFin warns: Massive wave of fraud among financial service providers exposed!

In May 2025, BaFin (Federal Financial Supervisory Authority) together with Deutsche Vermögensberatung (DVAG) warned of an alarming wave of fraud affecting investors in Germany. Scammers disguise themselves as reputable financial service providers and try to scam money from unsuspecting investors with unrealistic investment tips. This warning comes against the backdrop of previously published evidence of illicit financial transactions in April 2025, which have recently increased.

BaFin points out that there is a risk of suffering a “total loss” of the money invested, especially if fraudsters operate via fake websites. One of the fraudulent sites is an identical copy of the DVAG site, which also uses prominent photos of Jürgen Klopp to generate trust.

Warning list of fraudulent websites

BaFin has recently published a list of websites that have been identified as fraudulent. The following list includes the main sites that investors should avoid:

• https://www.dvagk.de
• https://www.bcfvermoegen.com
• https://argentisgridgpt.org
• https://investaqgpt.com
• https://falkring-invest.com
• https://tradego.io
• https://capitalfxs.com
• https://valuewanderer.com
• https://n-wealth.app
• https://xyvrenpeak-gpt.org
• https://loonietradeaiproapp.net
• https://vornox-drive-gpt.com
• https://ravnikcoreapp.com
• https://omnexisforgeapp.org
• https://thryvon-bolt-app.com

These websites do not have necessary permissions for banking transactions and can be classified as scams. The DVAG has also pointed out that fraudsters often make contact by telephone and pretend to be their representatives. They also use fake email addresses to feign credibility.

Current developments and protective measures

BaFin recommends investors to be extremely careful and not to respond to unsolicited contact attempts. It is advisable not to allow remote maintenance access and to thoroughly check the reliability of the provider. Distrust of unrealistic promises of profit and time pressure are also important indicators of potential fraud.

Additionally, another source, Rechtsanwalt.de, has emphasized that active fraudulent brokers are recorded on a so-called blacklist to warn investors. She reports numerous cases in which investors have already invested capital in fraud schemes. Anyone on this list who has not yet invested may have escaped a scam.

The list shows examples like iosco.cc or Ambit Capital, where investors had negative experiences or were unable to receive payouts. It is essential that investors pay attention to the licensing of financial service providers when investing and take problems with payouts and constant demands for money as warning signals.

In summary, it remains to be said that protection against fraudulent activities is a top priority. Informed investors who take the right steps can minimize potential risks and, ideally, avoid fraud.

Further information and current blacklist entries for brokers are available here anwalt.de available.