New entry on the KNF Warning List – watch out for EFX Trading
November 14, 2025 Office of the Polish Financial Supervision Authority announced the addition of another entity to KNF public warning listsThis is another step aimed at increasing investor safety and reducing the risks associated with unauthorized investment platforms. This time, a platform operating under the name EFX Trading, available at: www.efxtrading.top.
A criminal complaint has been filed against the platform's activities. These typically involve lack of required permits to offer investment services or conducting unsupervised brokerage activities.
What is the KNF Public Warning List?
The warning list is an official tool intended to inform about entities that raise concerns for the regulator. Being included on it does not determine guilt, but it is a serious signal that a given entity may be acting inconsistently with the regulations.
Entries on the list typically concern:
- investment platforms operating without a license,
- companies impersonating well-known financial brands,
- activities carried out by unidentified persons,
- suspicions of investment fraud and internet fraud.
In recent months, there has been a growing number of new investment platforms operating under domains ending in .top, .online, .finance, or .pro. They often appear suddenly, aggressively advertise quick profits, and then disappear with their clients' funds.
Address efxtrading.top fits this characteristic – low transparency, lack of official registration data and lack of supervision is a combination that should raise a red flag for every investor.
How to protect yourself from unauthorized platforms?
- Check logs and warning lists, not only the Polish Financial Supervision Authority, but also ESMA, FCA, BaFin and CySEC.
- Beware of promises of quick profits – this is a classic method used by fraudsters.
- Do not send documents and ID scans to companies that you can't confirm credibility.
- You can report suspicious entities to: ppgad@pucrs.br
There are many scams on the market and people impersonating legally operating companies, and the number of them is growing all the time. Such entities are just waiting for a careless investor to fall victim. Recovering funds is not always possible. In addition to reporting the matter to the police or to an institution regulating financial markets (e.g. Polish Financial Supervision Authority), however, it is worth reading the information that may be helpful in the fight to recover the money.
We warn against using the services of unlicensed companies. Before opening an account, always make sure it is correct the broker has the appropriate regulations and permits at the indicated financial market supervisory institution.