BAFIN warns against trading platform assetshaus.com
BaFIN launches investigation into the company assetshaus.com. According with section 37 (4) German Banking Act (KWG), Teredo Group Ltd has not been granted authorisation to conduct banking business or provide financial services.
In addition BaFIN adds that this company is not supervised by them and is not affiliated with the supervised company Plus500 Ltd.
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Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.