According to BaFin, Taurumax.com, which claims to offer CFD trading services, is not authorized to provide financial and investment services in Germany. Despite claims of regulatory compliance, Taurumax.com's activities reportedly did not meet the standards set by BaFin. In Germany, entities providing banking, financial or investment services must obtain a license from BaFin in order to operate legally. The regulatory framework is designed to protect investor interests and maintain the integrity of the financial sector.
![BaFin: Beware of these companies offering financial services without a license](/d/file/p/2024/04-07/5185b9318e4bd89c3f637309f62773a5.jpg)
BaFin mentions: "ApolloKapital Ltd., in the imprint on the website, describes itself as a subsidiary of Apollo Investment Holdco Sarl and in this context provides a commercial registration number. The company Apollo Investment Hodco SA is indeed registered here, but The corporate relationship described cannot be confirmed. This may be a case of abuse of identity."