BaFin points out that stoxdc.com (Heimdall Developments Ltd) is not supervised by BaFin.
Companies that conduct banking business or provide financial services in Germany require authorisation under the KWG. However, some companies operate without the necessary authorisation.
Details of the unauthorized firm - stoxdc.com
Website:stoxdc.com Company Name: Heimdall Developments Ltd
How To Protect Yourself From Scams
Brokerswatch recommends investing only with brokers that are regulated by reputable authority.
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.