The financial supervisory authority BaFin warns against offers on the website morgans-finance.com. BaFin suspects that DepotWelt aka Depotwelt Sale Group allegedly based in Zurich, Switzerland, Frankfurt am Main and Düsseldorf is offering financial services without the required authorisation. Contrary to its own statements on its website, the company is not supervised by the Cypriot financial supervisory authority, the Cyprus Securities and Exchange Commission (Cysec).