BaFin has issued a consumer warning against DEX Capital, an entity operating through the website dexcpt(.)com, for offering financial and investment services in Germany without the necessary regulatory authorisation. The firm, which claims a Belgian address, has no licence from BaFin or any other recognised EU supervisor.
The scheme targets investors who are already owed money from other trading platforms — a well-known "recovery room" tactic. Victims are contacted with promises that outstanding payments can be released, but only after paying an upfront commission. The promised funds never materialise. For retail forex and CFD traders, this is a reminder that any unsolicited approach claiming to recover lost trading funds is almost certainly fraudulent. Legitimate brokers and regulators do not charge fees to process payouts. Traders should verify any firm's authorisation status directly through the BaFin database or the relevant national regulator before transferring funds, and treat unsolicited contact about "owed payments" as a red flag regardless of how professional the presentation appears.