Lummatrade Offers a Broker by Your Side, BaFin Warns
Lummatrade sells crypto and CFD trading with a dedicated broker, names only Lummatrade Inc. and a UK mobile number. BaFin warned it lacks authorisation.
ElitFinanz Left Placeholders in Its Legal Footer
ElitFinanz claims 500,000 users and regulated AI trading, yet its footer shows a placeholder address and phone. BaFin warned it trades crypto without a licence.
Trade Market Options — An FCA Claim BaFin Rejects
Trade Market Options LTD claims FCA regulation with no reference number and awards older than its 2024 domain. BaFin warned about it on 14 October.
GainLiteX — 100% in 21 Days, Built on Cryptonic
GainLiteX promises 100% in 21 days, takes up to $20 million per plan and still shows a Cryptonic template footer. BaFin warned about it in October 2026.