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TFG Trade

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Operating status: SCAM

Website: https://tfg-trade.de/de/main; https://terminal.tfg-trade.de/de/login

Broker violations and abnormal records
  • 2024-11-18 BaFin identifies TFG Trade as a case of identity theft

    On November 19, 2024, the Federal Financial Supervisory Authority (BaFin) uncovered a clone firm that operates with three domain names: tfg-trade.de, tfg.finance, and tfg.markets. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_11_14_tfg_trade_de_en.html

    On November 19, 2024, the Federal Financial Supervisory Authority (BaFin) uncovered a clone firm that operates with three domain names: tfg-trade.de, tfg.finance, and tfg.markets. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_11_14_tfg_trade_de_en.html
  • 2024-11-25 BrokersView has reviewed that TFG Trade is an unregulated broker

    This is a clone firm using three domain names, tfg-trade.de, tfg.finance, and tfg.markets, directing to a website used to provide financial and investment services in Germany without the required authorization. The unknown operator claims to be Trust Financial Solutions Ltd and, in some cases, Trust Financial Group Ltd. The Federal Financial Supervisory Authority (BaFin) has noticed this scam and marked it as a case of identity theft. Therefore, we strongly suggest investors stay away from the fraudulent broker.

    This is a clone firm using three domain names, tfg-trade.de, tfg.finance, and tfg.markets, directing to a website used to provide financial and investment services in Germany without the required authorization. The unknown operator claims to be Trust Financial Solutions Ltd and, in some cases, Trust Financial Group Ltd. The Federal Financial Supervisory Authority (BaFin) has noticed this scam and marked it as a case of identity theft. Therefore, we strongly suggest investors stay away from the fraudulent broker.

Related Complaints

Q&A

Please verify this website tfg-trade.de

Uygar Saral
Italy
2024-11-26
ANSWER Dear Investor, We strongly suggest you avoid using any services provided through tfg-trade.de. Additionally, please remain vigilant towards two other associated websites: tfg.finance and tfg.markets. These websites are involved in a case of identity theft, where an unknown operator impersonates a genuine firm to appear legitimate and gain the trust of unwitting investors. The Federal Financial Supervisory Authority (BaFin) has issued a warning, detailing the situation to raise public awareness. It is imperative to thoroughly research your target broker before committing real money, rather than accepting what the platform claims at face value. BrokersView consistently updates reviews for brokers in the forex market to help investors make informed investment decisions.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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