Allfina Group – The supposed financial service provider Allfina Group presented itself as a reputable and lucrative online broker on its website, which is currently no longer accessible.

If you have invested with Allfina Group and there are problems with the distribution, the lawyers of the Herfurtner law firm are available to help you in word and deed.

Allfina Group: What are the experiences of investors?

Currently, there is an enormous number of online trading platforms such as Allfina Group. As a result, investing in the unpredictable financial markets has never been as easy but also as uncertain as it is now.

Precisely because there are a large number of opportunities, choosing an online platform can be time-consuming and intimidating. Especially if you want it to meet your personal investment needs. Have you already invested with Allfina Group? Then the following aspects are important for you as an investor.

  • In the area of trading on the internet, you can apply a wide range of order types.
  • An ideal place to start for money investors who want to learn about share certificates, futures, binary options and cryptocurrencies is a web presence like this one.
  • Officially licensed brokers on the internet, trustworthy websites, fees and brokerage charges, product options and reviews from clients are just selected considerations you should factor in when making your final choice.

The following details are basic suggestions for investors – regardless of the platform in which you invest capital.

Is the online broker Allfina Group licensed?

Both the financial markets and the protection of investors benefit from rules of conduct and organisational responsibilities. Equity service providers and companies like Allfina Group must comply with a wide range of regulations.

The same applies to their employees. This is to avoid conflicts and associated disadvantages for investors. This includes the responsibility of the company to inform its own corporate clients of the most material features of a financial transaction before it is concluded.

This applies both to the individual investor and to the investment itself. According to this very idea, supplementary facts are indispensable for clients who wish to engage in highly speculative or risky transactions. Companies such as Allfina Group have a responsibility towards their clients.

This goes far beyond the provision of an offer or service. Does the provider have a licence to distribute investment products? You should definitely check this. To do this, you can use a financial regulator’s broker checklist and enter the provider’s brand name in the search box.

Allfina Group: Small investments that subsequently increase?

Does Allfina Group tempt you to try out investments with a smaller sum? You cannot find any information about the service provider because it is supposedly a new company with interesting business ideas? The probability is high that the investment tip is pure rip-off.

After a short time, the online broker will tell you that your investment was an enormous success and ask you to increase your investment. The success of your trial investment may tempt you to make further investments.

Here are some examples of dubious investment tips: “Give us just 5 minutes of your time and become a stock market billionaire” , “5-star stock with a dividend of 47.88 percent” , “With the automatic stock profit method you will make 3500.00 EUR a month!” , “Would you like to convert 1000 EUR into 250.00,00 EUR?”

Anyone who guarantees too much, and that too unsolicited, is rarely trustworthy! Nevertheless, you should also examine which promises and offers are made to you by the investment company Allfina Group.

Pump and dump: simply explained

The term pump and dump is used to describe a procedure in which the price of a share is artificially inflated by insiders. Subsequently, this share is sold again at a loss to the remaining investors. This is therefore a fraud. A deception that profits from the ignorance of small investors and stock market novices.

For this reason, this strategy is illegal in a controlled stock market and for providers like Allfina Group. The crypto market, however, is still almost completely “Wild West” as far as these same tactics are concerned. That is why extreme attention is needed! Pump-and-dump scams are more common there in the context of the generally so-called altcoins.

The pump and dump scam is used by fraudsters to inflate the market price of an unknown or even independently created currency. They achieve this by propagating misinformation on the WWW or on social media or by recruiting co-investors with unreasonable profit expectations.

Therefore, make sure that the provider Allfina Group provides you with all the necessary information on this topic.

If the broker refuses repayment

Consumers are very often wooed by a “broker” or a call centre representative as soon as they have set up an account on the apparent trading platform. The aim is to encourage the investor to increase his long-term investments in order to maximise income. This is also an initially legitimate goal of the provider Allfina Group.

Immediately after the buyer has paid in his capital, the first profit developments will presumably be shown on his account. This should encourage the investor to continuously invest in the financial product.

The platform operators, on the other hand, can use fraud software to simulate improper account movements and profits without the buyer noticing.

Check that accounts can be verified equally with Allfina Group.

In reality, there is no trading at all on many platforms. Instead, the money paid is transferred by the fraudulent online brokers to accounts outside Germany. This is not noticed by the investors at first.

The “providers” put the payout on the back burner of the presented profits by demanding payment of apparently incurred taxes and processing costs from the investors. These tricks only serve the purpose of increasing revenue.

Sooner or later, the connection breaks completely. The money transferred is no longer there. From that moment on, the only way left is to go to the lawyer to launch the necessary steps.

Opaque exit alternatives

Find out when and how much money you will get back. At best, avoid long-term contracts that cannot be terminated early or where you would suffer immense economic losses. Conclude long-term contracts without the possibility of early termination only with providers such as Allfina Group, whose reliability you have no doubts about.

Even if you have the option to waive or cancel a contract at any time over an appropriate period of time, you should be suspicious. Even if these options are available, you may still be vulnerable to financial loss. Make sure you know exactly how much capital you will get back if the money deal goes wrong.

The following rule applies to transactions in securities:

Before the end of the term, find out what options are available to you to redeem share certificates.

It is usually important to know whether there is a liquid market for offers such as those made by Allfina Group. It is possible to sell share certificates through an online broker or a financial institution. All 3 options are approved for the placement of a sell order.

The actual selling process is then executed via a stock exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks). With order supplements, the execution of the order can be guided in advance. The sale of the share certificates takes place at a time and place determined by you.

Redemption of investments in Allfina Group: increase your chances

It is advisable to take precautions as soon as possible if suspicions are confirmed that a service provider is not acting reputably and there is a risk that the online broker will delay repayments.

Apart from filing a report with the police authority on behalf of our clients and notifying the financial supervisory authority, the online broker should possibly also be held legally accountable.

In this context, the claims against the operator of the trading platform agreed upon in the contract as well as possible compensation possibilities will be examined. In the case of financial transactions, it is also important to check whether financial institutions can be held responsible in the event of an error.

Claims for damages against financial institutions can arise, for example, in the case of money laundering or other illegal acts. However, this must be examined depending on the facts of each case. If your online broker refuses to pay, you should therefore contact an experienced law firm immediately:

  1. Tell us about your case by e-mail
  2. Give us the names and contact details of all the people you have spoken to
  3. Tell us how long the online broker has been refusing to pay you

Our lawyers will provide you with a free initial assessment in relation to Allfina Group. We will also let you know in a timely manner whether we believe you have a real chance of recovering your losses.