Alpine Profit – the company describes itself on its own website as a secure and transparent online broker. With its online trading platform, Alpine Profit offers its clients various investment opportunities in the segments of cryptocurrencies, foreign exchange, precious metals and more.

You have invested with Alpine Profit and would like your capital back? The Herfurtner law firm can help you with obstacles.

Alpine Profit – legal assessment

There is currently an enormous number of providers such as Alpine Profit. This means that it has never been so easy, but also risky, to invest in the volatile financial markets. Precisely because there are many options, choosing a provider can be time-consuming and daunting.

Especially if it is to meet your particular investment needs. Have you already invested with Alpine Profit? If so, the following aspects are important for you as an investor.

  • Federally regulated online brokers, secure portals, fees and brokerage charges, product options and client reviews are just a few factors to consider when making your final decision.
  • A suitable address for investors who want to learn about share certificates, futures, options and cryptocurrencies is a website like this one.
  • Entering the global stock markets is becoming easier and more interesting for capital investors through online investing.
  • In online trading, you can take advantage of a large amount of order types.

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

Licence – does Alpine Profit have an official licence?

Both financial markets and investor protection benefit from rules of conduct and organisational responsibilities. Bond service companies and firms like Alpine Profit have to comply with a wide range of regulations. The same applies to their employees. This is to avoid conflicts and associated disadvantages for capital investors.

This includes the responsibility of the financial services provider to inform its own clients about the most significant features of a financial transaction before sealing it. This applies both to the specific investor and to the investment itself.

According to this idea, supplementary information is essential for corporate clients who wish to engage in highly speculative or risky transactions. Towards their corporate clients, companies like Alpine Profit have a responsibility.

This goes well beyond the provision of an offer or service. Does the provider have an authorisation to distribute investment products? You should definitely find out. You can use the broker check data collection of a financial authority for this and enter the name of the provider in the search function.

Transfer abroad – also required by Alpine Profit?

Is it advantageous for you to transfer assets outside Europe? Consider in detail what you are doing. Numerous investors have already lost assets in the process. It is conceivable that you lose track of where your money goes and how it is invested.

When capital has been provided to a provider, it has often happened that the online broker did not invest the transferred amount of money as specified or even not at all. There have also been cases where the company simply did not exist, although it presented itself comparably like Alpine Profit.

In addition to the regulated service providers, there are many dubious online trading websites, where a similar procedure can be seen in the majority of cases. Potential investors are contacted by employees of the respective trading platform.

For example, by telephone, after the customer has left non-binding contact information on the provider’s website. In many cases, however, they are also contacted by mass e-mails. These entice with supposedly lucrative investments.

In the short term, the investor is provided with his own online broker who guides him through the creation of a trading account and initial investments. Initially, the investor feels well supported and online trading mostly starts with small sums.

But soon higher deposits are required – very often to foreign accounts. These payments are intended to increase potential profits. The obstacles with dubious service providers finally arise when the investor wants a payout. This is continually delayed several times or linked to further payments such as alleged taxes and brokerage commissions.

In the past, the rip-off artists only traded from questionable locations. Now they operate from completely different locations such as the United Kingdom (including London), the Netherlands, Canada, the Kingdom of Spain, Dubai and others. For the vast majority of people, it is difficult to expose tricky scams.

It is not uncommon for companies to receive e-mail orders with enormous order volumes that bear no relation to the usual purchase amounts. To lure the German company, immense promises of profits are made.

However, the enormous order volume only serves as a means of pressure in the communication with the provider in order to demand correspondingly excessive admission and registration costs.

It is not always clear whether the recipient of this payment is also the customer of the products. Nevertheless, it can be assumed that companies that are active abroad will not have to pay regional taxes on deliveries to other countries until further notice. Check whether this also applies to investments with Alpine Profit.

Susceptible to loss-making transactions – the grey capital market

Only a few of the financial market participants like Alpine Profit are subject to official regulation and control. In the grey capital market, there are investment service providers who do not need a licence from the Federal Financial Supervisory Authority and only have to follow a few regulatory requirements.

Only invest in the grey capital market if you are convinced of the company’s liquidity and know it as a company. As already mentioned, the Federal Financial Supervisory Authority has no control over these providers. The grey capital market holds a wealth of opportunities.

There are:

  • Crowdfunding offers
  • Profit participation rights and other hybrid bond forms
  • Order bonds
  • Corporate investments
  • Loans with subordination clauses

One thing is certain: it is unclear what the end result will be for the investor. Do you find it difficult to understand the financial product on offer? If so, you should gather as much information as possible before making a decision. Don’t buy anything you don’t fully understand!

When it comes to investments, the more know-how you need, the more sophisticated the product. It is also not recommended to bet your entire fortune on one horse. Diversify your risk beyond Alpine Profit.

To avoid being falsely influenced, it is advisable to always focus on the product itself rather than the name or presentation of the financial service.

Broker demands taxes and even more deposits?

Buyers are often wooed by a “broker” or a call centre employee the moment they have registered on the alleged online trading platform. The intention is to get the investor to increase their permanent deposits in order to maximise profit. This is also a legitimate goal of the online broker Alpine Profit.

Shortly after the buyer has transferred his capital, preliminary profit developments may be shown on his account. This should encourage the investor to continuously invest in the financial product. The platform operators, however, can use fraud software to simulate improper account movements and profits without the consumer being aware of it.

Make sure that the accounts can also be verified with Alpine Profit.

In truth, no trading takes place on numerous platforms per se. Rather, the transferred capital is forwarded by the fraudulent brokers to bank accounts outside Germany. This is not noticed by the customers at first.

The “financial service providers” delay the disbursement of the presented earnings by demanding the payment of allegedly incurred taxes and processing costs from the investors. These manipulations only serve the purpose of increasing profits. At a certain point, communication breaks off completely.

The money transferred has been used up. From this moment on, the only option is to go to a lawyer in order to take the necessary measures.

Are the exit alternatives unclear?

Find out when and how much money you will get back. Ideally, avoid long-term contracts that cannot be terminated prematurely or where you would experience considerable financial losses.

Only conclude long-term contracts without early termination options with investment service providers such as Alpine Profit, whose seriousness you have no doubts about. Even if you have the option to waive or terminate a contract at any time over a specified period, you should be sceptical.

Even then, if these criteria are met, you still remain vulnerable to economic loss. Make sure you know exactly how much capital you will recover if the investment goes wrong. The following rule applies to share transactions:

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

It is often crucial to be aware of whether there is a liquid market for offers such as those offered by Alpine Profit. It is possible to sell shares through an online broker or a financial institution. All three methods are legitimate for placing a sell order.

The actual selling process is then completed 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 guided from the beginning. The sale of the share certificates takes place at a time and place determined by you.

What should I do if I lose money with Alpine Profit?

Have you invested money with Alpine Profit or a similar provider? Now you are encountering difficulties with the payout? Then we recommend that you stop any additional payments immediately. This is especially true if the provider demands additional payments to make up for deficits. Apart from that, you should try to recover the lost capital.

In this context, aggrieved parties can seek investor protection and contact the lawyers of our law firm. We examine civil law as well as criminal law options and possible claims for damages against the company and against involved payment service providers such as banks.

“A private investor who loses money in online trading is by no means an isolated case. Quite a few investors are misled by the professional appearance of the service providers and do not realise in time that they are not responsible for their losses.”

Our advice is therefore not to despair, but to react promptly and with commitment. Because the chance of recovering the lost money is often greater than the aggrieved private investors assume. Would you like to talk to one of our lawyers about Alpine Profit? Then you can go straight to our contact form here.