BaFin orders three firms to stop trading and warns against unlicensed trading platforms

The German financial regulator has warned against entering into transactions, particularly involving contracts for difference (CFDs), binary options and so-called forex-trading, via online trading platforms operated by unlicensed providers.

The Federal Financial Supervisory Authority (BaFin) issued a warning to the German public, after ordering three companies to cease their operations, as they were trading without the required authorisation.

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