BaFin has issued a consumer warning flagging the websites Swisscape.com and fxplus.ai as operating without the required authorisation to provide banking or financial services in Germany. The regulator confirmed that the entities behind these sites are not under its supervision.
For retail forex and CFD traders in the EU, this is a straightforward red flag. Any platform offering leveraged trading products without a valid licence from a recognised regulator — BaFin, CySEC, or equivalent — cannot offer the investor protections mandated under MiFID II, including negative balance protection and the standardised risk warnings required for CFD distribution. Traders who deposit funds with unlicensed operators have no recourse through formal complaints channels or compensation schemes. Before opening an account with any broker, readers should verify its regulatory status directly on the relevant authority's register. BaFin maintains a public database of authorised firms, and any entity absent from it should be treated as unregulated regardless of how professional its website appears.