Trade Responsibly: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Scam alert: BaFin warning regarding “GBE Broker Markets Ltd.” (2024)

Sebastian Schenk
Sebastian Schenk Head of Marketing

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Fake alert – warning about fraudulent websites and identity misuse in the name of GBE brokers

Unfortunately, cases of identity misuse in the financial industry continue to rise. In July 2024, the German Federal Financial Supervisory Authority (BaFin) issued an official warning concerning a company operating under the name “GBE Broker Markets Ltd.”

This entity offered financial and investment services in Germany without the required authorization and falsely created the impression of being connected to the regulated company GBE brokers Ltd.

We want to clearly state: GBE Broker Markets Ltd. is NOT affiliated with GBE brokers Ltd.

What happened?

On July 30, 2024, BaFin published a consumer warning stating that:

  • “GBE Broker Markets Ltd.” was offering financial services in Germany
  • the company did not have the required authorization
  • it created the false impression of being linked to the regulated GBE Brokers Ltd.

This represents a clear case of identity misuse.

GBE brokers Ltd. is regulated by CySEC and operates in compliance with European financial regulations. The unauthorized entity mentioned by BaFin is not connected to us in any way.

Why this is serious

When companies operate without proper authorization:

  • investors are not protected by financial regulators
  • there is a high risk of financial loss
  • legal enforcement becomes significantly more difficult
  • funds may be transferred to unregulated or offshore structures

Identity misuse cases are designed to exploit brand trust and mislead investors.

How to protect yourself

We strongly encourage all traders and investors to verify carefully before engaging with any financial service provider.
Always ensure that:

  • the company is properly regulated
  • the domain matches the official company website
  • contact details correspond with official regulatory records
  • you are not pressured into making immediate deposits

Our official website is: www.gbebrokers.com

If you are ever unsure whether a communication or website is legitimate, contact us directly through our official channels.

Risk warning
Forex and CFD trading is speculative and therefore not suitable for every investor. GBE brokers Ltd. offers margin trading. Leveraged products can work to your disadvantage as well as to your advantage. You should be aware of all the risks and not use more capital than you can afford to lose. Before opening an account, please read our Risk Disclosure and Terms and Conditions.

Disclaimer
Trade Responsibly: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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