German BaFin Opens Investigation into Pop in Trading LTD

The German Federal Financial Supervisory Authority – BaFin warns consumers about the website easytradex.cc. BaFin has evidence that the website operator, Pop in Trading LTD, is using this platform to offer financial and investment services without the required authorisation. The company's staff are also sending out forged letters that unlawfully bear the logos of European institutions.

On the website, Pop in Trading LTD gives a purported business address in the United Kingdom and claims to be registered with the British Financial Conduct Authority (FCA). The FCA registration number given, however, is that of the company Pop In Private Ltd. There is no evidence of cooperation between the two companies; rather, it can be assumed that this is a case of identity theft targeting Pop In Private Ltd.

Furthermore, BaFin has received information that easytradex.cc staff are sending out forged letters with the subject line "Application for capital withdrawal on unlicensed platforms in the area of stock exchanges and online share trading". The document unlawfully bears the logos of the European Investment Bank, the European Investment Fund and the European Commission. It is also falsely claims to have been authored by the European Investment Fund.