The BaFin has flagged Trautman Son’s Kapitaly and has issued a warning about its practices. We urge you to stay away from Trautman Son’s Kapitaly, because an alert from a major regulator like BaFin should be taken very seriously. In addition, we’ve investigated this broker and have found some issues that should cause concern.
At ReportScamOnline, we stay up to date on alerts regulators publicize about suspicious brokers. We compile these names, investigate them and create reviews to warn you about financial companies to steer clear of. We recommend checking this list periodically since we update these reviews.
What Is the BaFin?
BaFin is also called the Federal Financial Supervisory Authority. BaFin is the leading financial regulator in Germany. Among its many responsibilities, BaFin regulates brokers and other financial institutions and ensures they comply with regulations. BaFin warns the public about brokers that are unlicensed or are engaging in suspicious practices.
What Are Some Problems with Trautman Son’s Kapitaly?
At least one or more of the following issues have been identified:
Trautman Son’s Kapitaly license seems to be in question. It may not have a license at all and could be pretending to be regulated or it could be signing up clients in Germany or other countries where it isn’t authorized to do so. Trautman Son’s Kapitaly could be posing as a regulated broker when in fact it isn’t validated at all.
Trautman Son’s Kapitaly may have some misleading information on its website or in its communications with clients. Examples of problematic issues could be guaranteeing returns when a broker can’t make such promises about the outcome of trades, claiming to have zero or very low fees and other questionable statements.
Lack of Transparency
You should know who’s managing your money. Unfortunately, many brokers don’t give real names or identities to their clients. Trautman Son’s Kapitaly seems to have some important details missing and this lack of transparency is a cause for concern.
Many customer complaints are related to account problems. They may not be able to access their account or the broker doesn’t respond to requests to withdraw funds.
Trautman Son’s Kapitaly is no BaFin’s list because it has been the subject of many customer complaints. These claims have been verified by BaFin and are being followed up on.
Have You Lost Money to Trautman Son’s Kapitaly? Talk to Us!
ReportScamOnline experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid the scam brokers mentioned here and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will launch an investigation that will bolster your claim.