What is Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin)?

Each country has its own supervisor for banks, investment firms and other financial businesses, and a broker can only take customers in that country if it is licensed there. BaFin, the Bundesanstalt fuer Finanzdienstleistungsaufsicht, is Germany's. Among the firms in this group, BERGFÜRST is the one with a German licence, listed as 48448. A licence number is worth checking, because the register is public and tells you the firm holds permission to operate and under which entity.