BaFin Issues Warnings Against Unauthorized Financial Service Providers

Germanys Federal Financial Supervisory Authority (BaFin) has recently issued a series of consumer warnings against unauthorized financial platforms operating online. The alerts target multiple websites that appear to offer banking, investment, or crypto services without the required licenses to operate in Germany.

1. Brahams & Goldbach Group

BaFin warns that the Brahams & Goldbach Group, through its website brahams-goldbach-group.com, offers fixed-term and overnight deposit brokerage services allegedly linked to European banks. The platform also promotes other investment products and lists addresses in the Netherlands and Belgium. However, the firm is not licensed by BaFin to conduct such activities in Germany.

2. my.fluxion-ltd.com.co

Another warning targets the website my.fluxion-ltd.com.co, which allegedly offers financial and crypto asset services to German consumers without proper authorization. BaFin suspects the unnamed operators of violating both the German Banking Act and the Cryptomarkets Supervision Act.

3. Edelraum.net

On 5 March 2025, BaFin flagged the now-deactivated website edelraum.com for unlicensed financial activity. The same operators appear to have moved to a new domain—edelraum.net—and are continuing to promote similar investment and crypto services. BaFin reiterates that the entity is not authorized to operate in Germany.

BaFin urges all consumers to verify whether a financial firm is licensed before engaging with its services. The official BaFin company database provides up-to-date licensing information.