Allprimepay – Broker has claimed to be a service provider in the field of finance on its website http://allprimepay.com/, which claims to have been active in the areas of cryptocurrencies and investment management.

Accordingly, one could hope for profit opportunities as a capital investor. At the time of writing, the service provider’s website was no longer accessible.

You have invested with Allprimepay and would like your capital back? The Herfurtner law firm will help you with any problems.

Allprimepay – Trading Evaluation

Currently, there is a very high number of online trading platforms such as Allprimepay. As a result, it has never been as easy but also as risky as it is today to invest in the unpredictable financial markets.

Precisely because there are so many options, choosing a broker can be time-consuming and challenging. Especially if it is to meet your individual investment plans. Have you already invested with Allprimepay? Then the following aspects are important for you as an investor.

  • When trading online, you can use numerous types of orders.
  • Regulated online brokers, reputable providers, costs and commissions, product options and customer reviews are just some of the criteria you need to consider when making your final choice.
  • Access to the international financial markets is becoming more convenient and interesting for investors through online investing.
  • A good place to start for investors who want to find out about share certificates, futures, options and cryptocurrencies is a homepage like this one.

The following information is a general suggestion for investors – regardless of the platform you invest in.

What criteria can be used to recognise criminal providers?

Investors have a wide range of investment opportunities at their disposal, with reputable and dubious financial service providers vying for their attention. There are many indications that a financial service or product is unsafe, and it is important to keep an eye out.

Here are the details to look out for when investing your hard-earned capital. Banking, financial services and insurance companies like Allprimepay are only allowed to operate in Germany with state authorisation. The companies have obtained authorisation, but this in no way means that the products they sell are of excellent quality.

In the event that a prospectus or information sheet approved by the Federal Financial Supervisory Authority has been published in advance, commercial papers and investments may also be made available to the general public.

The prospectus or information sheet for the product presented may be legal, but this does not mean that it is 100% legal. BaFin simply ensures that the prospectuses are complete, comprehensible and coherent. The prospectus or information sheet of Allprimepay is by no means necessary in every context.

Before investing, it is advisable to think about your long-term goals and check whether you have the economic means to achieve them. Do not rush the process. Before putting your money into an investment, take time to look at the pros and cons. Do not make a decision promptly, even if you have consulted with others.

Promises of extremely high profits

Investigate how trustworthy Allprimepay’s offer is. Is the interest rate you have been offered extremely high? Can you make a lot of money with a few euros? These offers are usually nothing more than an illusion. Be aware that crooks are often hiding behind these tempting opportunities.

These investment offers usually do not involve the least investment. Therefore, assess how serious the offer from Allprimepay is. Scams are usually carried out by tricksters in almost the same way. On the net, investment products are advertised in prominent positions that are blandly profit-making.

The perpetrators postulate that they will earn a lot of money. At the beginning, the investment amounts are relatively minimal. All those who register are contacted by a fictitious broker or securities broker. The victims of the scam then get access to a supposed investment software after depositing the money.

Dubious offers can also be identified by promises of returns that are obviously above the market average. An investor’s risk of losing funds also increases with Allprimepay in direct proportion to the expected profit margin.

One way to find out about the median market return is to consult the business sections of the daily newspapers or the net presence of the Deutsche Bundesbank. You should also take tips for companies with exceptional growth potential with a grain of salt.

Low costs and minimal trading volumes make penny stocks, for example, extremely susceptible to speculation and manipulation.

Pump & Dump – Definition

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

This approach is therefore prohibited in a controlled stock market and for providers such as Allprimepay. The crypto market, by contrast, is still by and large “Wild West” as far as such tactics are concerned. For this reason, extreme caution is required! Pump-and-dump scams are increasingly common there in the context of the so-called altcoins.

The pump-and-dump scam is used by fraudsters to drive up the price of an unknown currency or even a currency they have created themselves. They achieve this by spreading false information on the internet or on social media or by luring co-investors with unreasonable profit expectations.

So make sure that the provider Allprimepay provides you with all the necessary facts on this complex of topics, if requested.

Investment fraud scheme

You want to invest with Allprimepay? In this case, you should find out all the important details about the company. Investment fraud is a special form of fraud. The perpetrator guarantees or deceives a large group of people about a profitable investment in the capital market.

Capital investment fraud is sanctioned by a prison sentence of up to three years or a fine according to § 264a StGB. The following services and measures may be considered as capital investment fraud:

  • Unsolicited telephone advertising calls, so-called cold calling
  • Boiler room scam, a cold call seeking investors by phone call
  • Participations in companies
  • Participations in shares, funds and certificates

Anyone who has fallen for investment fraudsters has often invested a lot of money. What can you do in case of investment fraud?

  1. Withdrawing or contesting contracts: Affected persons who have concluded a contract can revoke or contest it in the case of investment fraud.
  2. Assert claims for damages: Persons who have been advised incorrectly can assert claims for damages against the investment advisor.
  3. Recover money from Allprimepay: If payments have been made via credit card, this can be recovered in various cases by using the services of a law firm. In the case of transfers from the current account, this can often be recovered by bank order.
  4. Involve the police and financial supervisory authority via a legal expert: There are collective police proceedings against some fraudulent companies in the Federal Republic of Germany and also abroad. The police are authorised to have the bank accounts of the criminals blocked and the assets seized. In addition, the public prosecutor’s office is called in.

Recovery Scam: the scam after the investment fraud

Anyone who has ever lost money to a fraudulent investment platform knows how disastrous that can be. That alone is bad enough. But on top of that, the scammers behind the bogus model contact you by email or phone call within a manageable amount of time. This time, however, they do not pretend to be financial advisors from Allprimepay.

Instead, they promise to help you recover your lost capital in exchange for a payment. Many rip-off artists even appear to have been hired or authorised by trusted organisations such as a financial authority. After stealing your personal data, the scammers usually pose as good Samaritans. They promise to help you recover the stolen money.

Even if you have deposited money with a provider like Allprimepay, your contact information may be stolen. Those who have lost an immense amount of money are often desperate. Criminals take advantage of people’s worry by posing as “recovery companies”.

They offer their services under the bogus pretext of helping them get their funds back. This means they dubiously guarantee that they will get back the lost assets.

Recovering assets with Allprimepay: How to increase your chances

Have you invested with Allprimepay, or another provider? Now you are encountering difficulties with the repayment? Then it is advisable to block additional payments immediately. This is especially true if the merchant suggests additional payments to make up for deficits. In addition, one should attempt to recover the lost capital.

Here, affected investors can seek investor protection and contact the lawyers of our law firm. Our law firm examines civil law as well as criminal law options and possible claims for damages against the service provider and against involved payment service providers such as banks.

“It is far from being an isolated case when a private investor loses his capital in the course of online trading. Many investors are blinded by the professional behaviour of the financial providers and only realise too late that they are not responsible for their losses.”

Our recommendation is therefore not to despair, but to act swiftly and actively. Because the prospect of recovering the lost money is often greater than the aggrieved investors think. Would you like to talk to one of our lawyers about allprimepay? Then you can go directly to our contact form here.