AlphaFxPrime – The alleged financial service provider AlphaFxPrime presented itself as an online broker on its homepage https://www.alphafxprime.com/block.html, which is currently no longer online. You encounter complications with the distribution of your capital investment? Our lawyers can help you with claims against AlphaFxPrime.
AlphaFxPrime – Online Broker with serious intentions?
Currently there is a very high number of online trading platforms such as AlphaFxPrime. As a result, investing in the volatile financial markets has never been as easy but also as risky as it is today. Especially because there are a large number of options, choosing an online broker can be time-consuming and frustrating. Especially if you want it to meet your individual investment needs. Are you considering investing with AlphaFxPrime? Then the following aspects are important for you as an investor.
- Officially regulated brokers on the internet, trustworthy portals, fees and brokerage commissions, product options and customer reviews are only selected aspects that you would have to take into account when making your irrevocable choice.
- An ideal place to go for money investors who want to learn about stocks, futures, binary options and cryptocurrencies is a web presence like this one.
- When trading on the World Wide Web, you can use a number of order types.
The following information is general advice for investors – regardless of the platform you invest in.
Is AlphaFxPrime credible? Recognising reputable financial services providers for online trading
The following are some thoughts to keep in mind when looking for ways to invest your assets online:
- Look for an imprint on the service provider’s website. If this is not the case, it means: Hands off! But also bear in mind that an imprint can be faked.
- It can be very useful to find out what other customers are saying about a potential provider, even if it is only on the web.
- Financial service providers such as AlphaFxPrime must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). The BaFin’s company database contains information on licensed service providers.
- In Germany, the imprint must include an address, the contact details of an authorised representative of AlphaFxPrime and a telephone number.
- Quality seals are often used by fake shops to pretend that they are reputable. To find out whether a hyperlink leads to the internet presence of the seal of approval and whether the shop is also mentioned there, click on the image of the seal. It is quite possible that the provider of the homepage has merely copied the quality seal from another website and transferred it to his current website without the correct certification.
Contact attempts on the phone unexpected and unsolicited: Does AlphaFxPrime do the same?
Have you received a telephone call from a stranger in the past who made you an offer? Under no circumstances should you respond to it without further investigation. Unsolicited calls are not allowed. “Cold calling is clearly not allowed with investment service providers and other firms such as AlphaFxPrime.
There are also groups that pretend to work for reputable web trading platforms. In doing so, they want to get people to entrust them with their personal data. Often, after your initial deposit, you are instructed to deposit more assets. Phone scammers are always coming up with new scams to deprive investors of their savings, cash and other valuables.
A common strategy of the criminals is to call the people they want to harm at inconvenient times of the day. This is, for example, very early at dawn or very late at night. Times, in other words, when they are most vulnerable. In addition, the lawbreakers pretend at the beginning of the conversation that they and the person being called are known to each other.
The other method works as if the callers are nice and polite. In this way, the perpetrators convey a feeling of goodwill and trust to the person they are communicating with on the phone. Check whether you are really dealing with the company AlphaFxPrime when you are contacted by telephone.
Ponzi scheme: How do I recognise it early?
A pyramid scheme, or Ponzi scheme, is a type of fraud. It involves collecting money from new investors and then applying it to distribute money to the original victimised individuals. The masterminds of Ponzi schemes often postulate that they would invest your money and reap great returns without risking your money.
Nevertheless, in many Ponzi schemes, the criminals do not actually invest the money they take. Instead, it is used to pay off people who have previously paid in. This allows the criminals to keep some of the wealth for themselves. So pay attention to the risk-reward ratio in all investments – including AlphaFxPrime.
Ponzi schemes require a continued inflow of new money to keep running, as they have low or no actual profits. Many of these structures fail when it becomes onerous to generate fresh money investors or when a substantial number of investors drop out. In the event that you want to invest with an online broker like AlphaFxPrime, you should invariably act with caution. Some of the pointers you should look out for include:
- Deposits that are not registered with financial supervisory authorities. In the most common cases, Ponzi schemes are unregistered investments that are not supervised by official authorities such as Bafin.
- Risk-free profits with little or no volatility. Every investment involves a certain amount of risk, and the riskier an investment is, the more likely it is to yield a high return.
- Is there a problem with the documentation? If errors come to light on your account statement, this may indicate that your capital is not being invested according to plan.
- Selling without a licence: Investment professionals and firms must be licensed or registered in accordance with federal and state securities regulations. The most common Ponzi schemes involve unlicensed individuals or firms.
- Strategies that are difficult to detect. Keep your money out of the stock market unless you know enough about it.
How can you recognise reputable cybertrading?
The usual investment scam is carried out using familiar means such as advertising, telephone canvassing or stock market letters. When it comes to conducting fraud, the outdated method quickly becomes obsolete in the online age. The modern type of financial fraud can be described with the term “cybertrading”.
Financial products are traded here with dishonest intent via the Internet. Fraudulent financial investments include investment products such as contracts for difference and cryptocurrencies. AlphaFxPrime’s services have also been used by other service providers in a comparable manner to lure investors into the trap.
Investors are increasingly enquiring about investment opportunities on the web themselves. In this way, people rely on their own know-how or on the information of others in weblogs, forums and other online platforms to make their decision The shift to ever new financial instruments has no lasting effect on the illegal activities in terms of gang structure.
Since criminal groups rely on infrastructures that already exist and are widely accepted, there is no need to switch to a new “business model”. No matter what kind of financial product is traded, the process of cybertrading is almost identical. These investment products are aggressively promoted on social media or with paid advertisements. In this context, it is virtually all about the illustration of enormously high monetary gains. Calculate the probability of earning high profits at AlphaFxPrime before investing capital.
Possibilities to cancel contracts: Pay attention to price transparency
Make sure you know when and how much money you will get back. At best, bypass long-term contracts that cannot be terminated early or where you would incur significant monetary losses. Only enter into long-term contracts without early termination options with investment service providers such as AlphaFxPrime, whose reliability you have no doubts about.
Even if you have the option to waive or terminate a contract at any time over an appropriate period, be critical. Even if you have this safeguard, you still remain vulnerable to monetary losses. Make sure you know in detail how much money you will get back if the investment goes wrong. The following rule applies to share transactions: Before the end of the contract period, find out what options are open to you to get rid of a share.
It is often crucial to know whether there is a liquid market for products such as those offered by AlphaFxPrime. It is possible to sell shares through a broker or a financial institution. All 3 methods are approved for placing a sell order. The actual selling process is therefore carried out via an exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks).
With order supplements, the execution of the order can be controlled from the outset. The sale of the share certificates takes place at a time and place determined by you.
Get your deposit back from AlphaFxPrime? Contact us
Investors who have suffered losses with a provider such as AlphaFxPrime, or who encounter problems in having their profits paid out, should first and foremost stop additional payments. Subsequently, it is absolutely advisable to seek legal advice and to have all options for refunding investments examined by a lawyer. It is important:
- act quickly
- do not bury your head in the sand
- seek legal help
Would you like to discuss the service provider AlphaFxPrime with us? Then our legal advisors are at your disposal. Feel free to contact us to discuss AlphaFxPrime.