Aextrade – The investment service provider is, according to information available on the provider’s website https://www.aextrade.com/, a service provider for online trading that offers its clients a wide range of services. Accordingly, Aextrade is concerned with trading CFDs, forex, natural gas and crypto. You encounter problems with the distribution of your investment? Our lawyers can help you with claims against Aextrade.
Aextrade – What is known about the online broker?
Currently, there is an extremely high number of online trading platforms such as Aextrade. Thus, it has never been as easy but also risky as now to invest in the unpredictable financial markets. Precisely because there are many opportunities, choosing a broker can be time-consuming and intimidating. Especially if you want it to meet your investment requirements. Are you considering investing money with Aextrade? Then the following points are important for you as an investor.
- State-regulated brokers on the internet, secure portals, costs and bonuses, offer options and ratings are just some of the features you need to consider when making your final decision.
- A wide range of order types can be used in the area of trading on the internet.
- Access to international exchanges is becoming more convenient and affordable for investors through online investing.
The following tips are basic suggestions for investors – regardless of the platform you invest money in.
Online trading with Aextrade or other providers: Dangers?
Just as the stock exchange and other financial markets are subject to certain risks, so is online trading. As an investor, you should therefore check Aextrade with regard to the following questions:
- Too little knowledge about the product
- Risks associated with the product in question, e.g. conceivable losses
- Disadvantages arising from incorrect or unqualified trading
- The risks and dangers of online security
- Online trading platforms that are not trustworthy
Reduce risk by looking for a proven track record when choosing an investment service provider. In this context, it is equally important that you are assured of reliable money management. Only in this way can you move confidently in the online trading world. Online traders who have a deft touch can definitely make a living out of it, and their profits may be large.
Provided they have the optimal tactics. One thing everyone who starts trading should be aware of: The danger of losing more capital when trading on the stock exchange than has been deposited in the account of the broker Aextrade always exists.
Is time pressure also conceivable at Aextrade?
Do you feel the pressure of a tight deadline? The financial service provider is baiting you with a special offer, but you are under pressure to make a decision as quickly as possible? This is not a good idea, because it is usually a ruse. Don’t rush into anything! Not only can you receive serious offers now, but you can also invest with Aextrade in the future. To achieve their goal, criminals know in detail what they have to do. They try hard to get as much information as possible about their target person by well formulated enquiries.
They also ask about the person’s constitution, e.g. whether he or she is alone at home or whether he or she has money at home. In addition, they play a game of “wait and see” to tire out the person. They can keep their counterpart on the phone forever until he or she agrees to go to the financial institution and give the criminals cash and other valuables. In such a scam, time pressure is imposed on the injured party. With such a measure, the injured party is urged to leave his own caution aside.
Current support scams use the same formula. Since the contacted person’s computer is allegedly attacked by an exceptionally extreme computer virus, the callers, presumably working on behalf of Microsoft or such a financial service provider as Aextrade, demand in English with an Indian accent the urgent repayment of a maintenance contract. The criminals maximise the pressure, threatening to make the targeted persons pay if their computer is infected and transmits the infections.
Beware of Pump and Dump
The term pump and dump is used to describe a practice in which the market price of a share is artificially inflated by insiders. The same share is then sold again at a loss to the other investors. This is therefore a fraud. A deception that profits from the cluelessness of small investors and stock market novices. This strategy is therefore not allowed in a controlled securities market and for service providers such as Aextrade.
The crypto market, by contrast, is still by and large “Wild West” as far as these very tactics are concerned. For this reason, special vigilance is necessary! Pump-and-dump scams are more common there in connection with the generally so-called altcoins. The pump and dump scam is used by criminals to inflate the value of an unknown or even independently created currency. They achieve this by spreading disinformation on the web or on social media or by recruiting co-investors with unreasonable profit expectations.
So make sure that you are provided with all the necessary facts on the subject matter by the Aextrade provider, if applicable.
Assess cybertrading service providers with confidence
The usual investment fraud is carried out with known means such as advertising, “cold calling” or stock market letters. When it comes to fraud, the old-fashioned method quickly becomes obsolete in the digital age. The current type of financial fraud can be described as “cybertrading”. Financial products are traded with dishonest intent via the World Wide Web. The unfair investments include financial products such as contracts for difference and cryptocurrencies.
Aextrade’s offers were also used by other service providers in a similar way to deceive investors. Investors are increasingly informing themselves online about investment opportunities. Thus, people rely on their individual know-how or on the tips of others in weblogs, forums and other online portals when making their decision. The switch to increasingly different financial instruments has no long-term impact on the unlawful activities related to the gang structure.
Since the mafia-like organisations rely on already existing and widely recognised infrastructures, there is no need to adapt to a new “business model”. No matter what financial instrument is traded, the process of cybertrading is largely congruent. These investment products are penetratingly advertised in social media or with affiliate marketing. In principle, it is all about illustrating enormously high returns. Calculate the probability of achieving high profits with Aextrade before you invest.
Recovery Scam explained simply: Evaluate providers for recovery of funds correctly
Anyone who has ever lost money to a fraudulent investment platform knows how devastating it can be. That alone is bad enough. But in addition, the rip-off artists behind the bogus entity contact you in a short time by email or phone call. This time, however, they do not pretend to be investment advisors from Aextrade. Instead, they guarantee to help you recover the stolen capital in exchange for a payment.
Many rip-off artists even seem to have been hired or commissioned by reputable companies such as a financial regulator. After stealing your personal information, it is not uncommon for the scammers to pose as good Samaritans. They guarantee to help you recover the stolen money. Even if you have invested money with a provider like Aextrade, your contact information may be stolen. Those who have lost a large amount of money are predominantly desperate.
The criminals take advantage of people’s desperation by calling themselves money recovery service providers. They offer their services under the guise of helping them get their funds back. This means they make dubious assurances that they will get back the lost assets.
Do you want to get your investments back from Aextrade? Our lawyers can help
You should take precautions as soon as possible if the suspicion is confirmed that an online trading provider is not acting properly and there is a risk that the broker will refuse to pay out your profits. Apart from a criminal complaint, which we file with the police on behalf of our clients, and a notification to the tax authorities, the online broker should possibly also be held accountable under applicable law. This involves reviewing the claims against the provider agreed in the contract and any chances of compensation.
In the case of financial transactions, it is equally important to check whether financial institutions can be held liable in the event of an error. Claims for compensation against financial institutions may exist, for example, in the case of money laundering or other fraudulent acts. However, this must be examined depending on the context at hand. If your broker refuses to pay out, you should therefore contact a competent law firm immediately:
- Give us the names and contact details of anyone you have spoken to
- Tell us how long the online broker has not paid you
- Discuss your case with our lawyers via email
Our lawyers will carry out a free initial assessment for you in connection with Aextrade. We will also let you know at short notice whether we think you have a realistic chance of recovering your losses.