BAA is not targeted to residents of the Uk & EU where it is not licensed and might falls outside the European MiFID IInd British FCA regulatory framework.
BAA might discloses his own securities portfolio and publicly executes trading decisions and securities orders. In principle, this does not constitute a business activity that requires authorization under the KWG or WpIG.
In certain circumstances, signal providers operating for the platforms described above are classified as investment recommendation makers. This is the case when you create information about financial instruments or their issuers
See corrosponding article from the BaFin: https://www.bafin.de/DE/Aufsicht/FinTech/Geschaeftsmodelle/BeratungsHandelssysteme/BeratungsHandelssysteme_node.html
In further: https://www.bafin.de/DE/Verbraucher/Finanzwissen/Fintech/SocialTrading/social_trading_node.html
As the BaFin is one regulator of the EEA this articles are valid in the whole EU
BAA does not offer its services to residents of certain jurisdictions such as Afghanistan, Albania, American Samoa, Australia, Belarus, Bermuda, Bosnia And Herzegovina, Botswana, Canda, Central African Republic, China, Crimea and Sevastopol, Cuba, North Korea, Democratic Republic of the Congo, Egypt, Eritrea, Former Federal Republic of Yugoslavia, Guinea-Bissau, Iran, Iraq, ISIL (Da’esh) and Al-Qaida, Lebanon, Libya, Montenegro, Myanmar, North Korea, Russia, Serbia, Sevastopol, Sierra Leone, Somalia, South Sudan, Sudan, Syria, The Taliban, The United States, Tunisia, Ukraine,
US Virgin Islands, Yemen, Zimbabwe
For UK residents there is another corresponding management-Company Jurisdiction with the following Imprint:
MJMB Ltd.
306 Victoria House
Victoria, Mahe
Seychelles