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Forex

Retail Broker

FXdirekt Bank

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FXdirekt Bank

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Founded in

2001 (24 Years)

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Last online: No recent activity

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1.67

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Warning Report is a record of alerts about trading activities, account management, or compliance issues. It helps you keep track of potential risks or problems in your trading account.

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Thg 03 12, 2024

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Company Information

Get to know FXdirekt Bank

Founded in 1998, FXdirekt Bank AG was one of the pioneers in the German market for online foreign exchange (Forex) and Contracts for Difference (CFD) trading. The bank provided its clients with access to global financial markets through its proprietary trading platforms. In 2015, FXdirekt Bank was acquired by FinTech Group AG (which later became flatexDEGIRO AG), a leading European online brokerage. Following the acquisition, the services, brand, and customer base of FXdirekt Bank were fully integrated into the flatex brand, and the FXdirekt name is no longer used for active operations.

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Forex Retail BrokerPRIMARY

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TrustFinance Intelligence Agency

Research date: Thg 05 14, 2025

The German financial regulator BaFin has suspended operations at FXdirekt Bank due to insufficient capital after a period of operating losses. The decision follows an exposé revealing the bank's involvement in scamming clients, including the use of delayed feeds for their demo platform to mislead prospective traders. As of December 18th, FXdirekt Bank had total assets of €37.4 million, with €17.2 million in customer funds and 3,200 active traders. The BaFin's actions may be influenced by both financial mismanagement and the bank's alleged fraudulent activities.

The German financial regulator BaFin has suspended operations at FXdirekt Bank due to insufficient capital after a period of operating losses. The decision follows an exposé revealing the bank's involvement in scamming clients, including the use of delayed feeds for their demo platform to mislead prospective traders. As of December 18th, FXdirekt Bank had total assets of €37.4 million, with €17.2 million in customer funds and 3,200 active traders. The BaFin's actions may be influenced by both financial mismanagement and the bank's alleged fraudulent activities.