BaFin Investigates Unauthorized Trading Platform EVA Capitals

The German Federal Financial Supervisory Authority - BaFin announced recently that EVA Capitals, a trading platform headquartered in Majuro, Marshall Islands, has not been granted authorisation under the German Banking Act to conduct banking business or provide financial services in the country.

The financial watchdog highlighted that the indicated company is not supervised by it, and that the information offered on the its website (evacapitals.com) and the information and documents available to BaFin give reasonable grounds to its determination.

Hence, BaFin, he German Federal Criminal Police Office and the German state criminal police offices recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

In mid-December, BaFin warned that Capital Professionals Reserve​, Saint Vincent and the Grenadines, has not been granted authorisation to conduct banking business or provide financial services in Germany.