BrokersView has found that Bitwerk appears to be a scam Bitwerk is a suspected fraudulent broker that fails to provide any regulatory information. It only discloses that it is based in Germany,but upon investigation, we found that it is not authorized by the Federal Financial Supervisory Authority (BaFin). And in fact, the BaFin has listed it on its warning list due to concerns over illegal financial activities. Therefore, Bitwerk appears to be a scam.

The BaFin issues a warning against Bitwerk On Apr 2, 2026, the Federal Financial Supervisory Authority (BaFin) issued a warning against Bitwerk, believing this company might be providing financial services or products without proper authorization in Germany. https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Verbrauchermitteilung/unerlaubte/2026/meldung_2026_04_02_bitwerk.html?nn=149610#table_160124