The German BaFin issues a warning about Chainpilot On March 14, 2024, the Federal Financial Supervisory Authority (BaFin) warns consumers about the company Chainpilot and the services it is offering, suspecting the unknown operators of offering consumers financial and investment services on the website chainpilot.co without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_02_26_Chainpilot_en.html

BrokersView has reviewed that Chainpilot is an unregulated trading platform Chainpilot, despite the claims of being regulated, doesn't provide any details regarding its legal form and licenses. The lack of transparency is a significant scam indicator.What's more, the Federal Financial Supervisory Authority (BaFin) warns consumers about the company Chainpilot and the services it is offering, suspecting the unknown operators of offering consumers financial and investment services on the website chainpilot.co without the required authorization.In essence, Chainpilot is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Chainpilot appears to be a scam.

I think Chainpilot is most likely a scam. Dear Investor, As you suspected, Chainpilot is indeed a scam. The company behind the platform is almost anonymous, with the website failing to disclose any useful company information to ensure transparency. This anonymity makes it challenging to hold them accountable if any issues arise. They can easily disappear at any time without being traceable. We haven't found any valid licensing information to suggest that Chainpilot is properly authorized or supervised. The Federal Financial Supervisory Authority (BaFin) has also noticed these issues and issued a warning about Chainpilot, advising investors to stay away from it. Therefore, we strongly suggest you avoid using Chainpilot. For a safer trading environment and peace of mind, it is recommended to opt for fully regulated brokers instead. View Source

Can I trade GBP/AUD with them?? Chainpilot is not a licensed platform and we strongly advise against using it.The platform fails to provide a transparent trading environment for investors. Its lack of transparency about contact information and potential licensing data raises concerns about non-compliance. Furthermore, the Federal Financial Supervisory Authority (BaFin) has issued a public warning against Chainpilot, suspecting that unidentified operators are offering financial and investment services on the chainpilot.co website without the necessary authorization.Given these circumstances, Chainpilot presents significant risks of fraud and identity theft. To protect their interests, investors are strongly advised to avoid Chainpilot and instead opt for fully regulated brokers. View Source