Prior to 2002, in Germany the regulation of the financial industry was undertaken by three separate agencies. In May 2002 BaFin was formed, following the passing of the Financial Services and Integration Act. The aim of the Act and the merging of the three agencies was to create one integrated financial regulator that would be able to cover all financial markets. The agencies that merged together were the Federal Banking Supervisory Office, the Federal Supervisory Office for Securities Trading, and the Federal Insurance Supervisory Office.BaFin was given further responsibility following the passing of the Banking Act in 2003 with the aim of increasing customer protection and improving the reputation of the German financial system. The extra powers included monitoring the credit-worthiness of financial institutions and collecting detailed information about them. This particular area of responsibility was shared with the Bundesbank. Currently, BaFin is experiencing a kind of transition, as the responsibility for banking supervision is being taken over by the European Central Bank.
Authority
Fair
GKFX Prime
Score 6.005-10 years | Regulated in United Kingdom | Market Making MM | MT4/5 full license
BaFin : SIBA/L/14/1066
FXFlat
Score 3.022-5 years | Regulated in Germany | Common Financial Service License | MT4/5 full license
BaFin : 109603
ACATIS
Score 1.652-5 years | Suspicious Regulatory License | MT4/5 full license | Regional Brokers
BaFin : 110884
WH Selfinvest
Score 1.352-5 years | Suspicious Regulatory License | Non MT4/5 Software | Suspicious Scope of Business
BaFin : 122635
Bernstein
Score 1.342-5 years | Suspicious Regulatory License | Non MT4/5 Software | Suspicious Scope of Business
BaFin : 146888
360T
Score 1.332-5 years | Suspicious Regulatory License | Non MT4/5 Software | Suspicious Scope of Business
BaFin : 118252
WH SELFINVEST
Score 1.312-5 years | Suspicious Regulatory License | Non MT4/5 Software | Suspicious Scope of Business
BaFin : 122635
SELINUS
Score 1.312-5 years | Suspicious Regulatory License | Non MT4/5 Software | Suspicious Scope of Business
BaFin : 146912
ViTrade
Score 1.302-5 years | Suspicious Regulatory License | Non MT4/5 Software | Suspicious Scope of Business
BaFin : 119766
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