– the company describes itself on the corporate website as XXX. initially offers little information on its website. This is probably only available after creating a customer account.

For example, the website states that it is based on smart Ethernet contracts and that access is possible via a decentralised wallet.

You have invested with and want your money back? The Herfurtner law firm will help you in case of difficulties. – trustworthy provider?

There are currently a very large number of online trading platforms such as Thus, investing in the volatile financial markets has never been as easy but also risky as it is today. Especially because there are many opportunities, choosing a provider can be time-consuming and daunting.

Especially if it is to suit your personal investment plans. Have you already invested with In this case, the following points are relevant for you as an investor.

  • Accessing international exchanges is becoming more convenient and interesting for money investors through online investing.
  • An ideal place for investors to go to find out about stocks, futures, binary options and cryptocurrencies is a website like this one.
  • In online trading, you can use a large amount of order types.
  • Government regulated online brokers, secure platforms, costs and brokerage commissions, quote options and customer reviews are just some of the features you would need to consider when making your final choice.

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

Recognising reputable providers and investing profitably

Investors have a wide range of investment options to choose from, with trustworthy and questionable service providers competing for their attention. There are many indicators that a service or offering is not trustworthy and it is important to focus on this. Here’s what to think about in case you invest your hard-earned assets.

Banking, financial services and insurance companies like are allowed to operate in the FRG solely with government authorisation. The companies may have been licensed, but that in no way means that the services they sell are of good quality.

If a prospectus or information sheet approved by the German financial supervisory authority has been published in advance, shares and investments can also be made available to the general public. The Federal Financial Supervisory Authority only ensures that prospectuses are complete, comprehensible and coherent.

The prospectus or information sheet of is by no means necessary in every circumstance. Before investing money, you should think about your sustainable goals and investigate whether you have the financial means to achieve them. Do not rush the process.

Before putting your assets into an investment, take time to weigh the pros and cons. Do not make a decision immediately, even if you have consulted with others.

Special offer with deadline at investment provider

Do you notice the pressure of a tight deadline? The broker is tempting you with an exceptional offer, but you are under pressure to make a decision quickly? This is certainly not an ideal idea, because it is often a ruse. Don’t rush into anything! Not only can you receive excellent offers now, but you can also invest money with in the future.

To get to their goal, con artists know in detail what they have to do. They strive to receive as much information as they can about their target through advantageously prepared enquiries. On top of that, they ask about the status of the interlocutor, for example whether he or she is home alone or whether he or she keeps capital at home.

Incidentally, they use a “wait and see” method to drive the person to despair. You can keep your counterpart on the phone until he or she agrees to go to the credit institution and hand over cash and other valuables to the criminals. In one of these scams, a deadline pressure is imposed on the injured party.

With that method, the victim is urged to disregard his own caution. New support scams use the same formula.

Since the contacted person’s computer is allegedly infected by an extremely serious computer virus, the callers, presumably acting on behalf of Microsoft or such a company as, demand in English with an Indian accent the urgent repayment of a maintenance contract.

The scammers maximise the stress by threatening the targeted persons to make them pay if their computer is infected and transmits the infections.

Ponzi scheme: how it works

A pyramid scheme, or Ponzi scheme, is a type of financial fraud. In it, money is collected from new investors and then used to distribute money to the former victims. The masterminds of Ponzi schemes often postulate that they would invest your assets and reap substantial profits without putting your money at risk.

Nevertheless, in many Ponzi schemes, the rip-off artists do not actually invest the capital they accept. Rather, it is used to pay off people who have previously paid in. In this way, the criminals can keep some of the money for themselves. Therefore, pay attention to the risk-reward ratio with all investments – also with

Ponzi schemes require a continued influx of fresh money to keep running, as they have little or no actual profits. Many of these schemes fail when it becomes difficult to attract fresh investors or when a substantial number of investors drop out.

In the event that you want to invest with a broker like, you should always act with prudence. Among the clues you should look out for are:

  • Tactics that are very difficult to identify. Keep your money out of the stock market if you don’t know enough about this.
  • Overly predictable outcomes. Over time, investments tend to rise and fall. Any value investment that consistently produces high returns regardless of market conditions should be viewed with a high degree of suspicion.
  • Is there a problem with the documentation? If errors appear on your bank statement, it may be an indication that your money is not being invested properly.
  • Investments that are not reported to financial regulators. In the most common cases, Ponzi schemes are unregistered investments that are not controlled by government authorities such as Bafin.
  • Risk-free profits with little or no volatility. Every investment carries a certain amount of risk, and the riskier an investment is, the more likely it is to yield a high return.
  • Profits are not being paid out? If you can’t receive payments or find it difficult to get paid out, you should be vigilant. The operators of Ponzi schemes may try to persuade participants to stay by guaranteeing even bigger profits if they do not withdraw money.
  • 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 persons or firms.

How to distinguish trustworthy from rogue online trading platforms

On fraudulent online trading platforms, a variety of capital goods exist, which are aggressively advertised on blogs and social networks to lure investors. In addition, “network marketing” is used to solicit new investors. The advertising emphasises in particular the assurance of immediate profitability.

In order to start investing, a potential investor must first create an account with the trading platform – such as Next, the perpetrators contact the investor via a call centre and try to convince him to invest large sums of money. The investors’ positive attitude towards cybertrading is partly supported by the idea of future profits.

Clients are more willing to invest in the future if they see exactly the kind of results they want. At this stage, investors are being hoodwinked by a corrupted trading algorithm about the true evolution of stock market data and prices. does not necessarily fall into this category.

The perpetrators use their own unilaterally determined price values to calculate profits. This means that the financial service provider has complete control over whether a profit is obtained or not. Until the alleged profits are paid out, this deception will continue.

If the investor demands the payout, the buyers suddenly no longer have access to their accounts and the direct contacts associated with them. Most investors lose their assets fully invested in this fraudulent trade, forcing them to contact legal counsel.

Unsolicited offers of help to recover investments?

Anyone who has ever lost money to a fraudulent investment platform knows how devastating this can be. That alone is horrible enough. But on top of that, the scammers behind the bogus model contact you by email or phone call in a manageable amount of time.

This time, however, they do not pretend to be brokers from Rather, they guarantee to help recover the stolen money in exchange for a payment. Many scammers even seem to have been hired or authorised by trustworthy companies such as a financial authority.

After stealing your personal data, the rip-off artists often pose as good Samaritans. They promise to assist you in recovering the stolen money. Even if you have invested money with a service provider like, your contact details may be stolen.

Anyone who has lost a considerable amount of money is usually desperate. The criminals take advantage of people’s worry by calling themselves “recovery” companies. They offer their services under the bogus pretext of assisting them to recover their assets. This means they promise in a dubious manner that they will get back the lost assets.

Repayment of – Consult a lawyer

In order to be able to weigh up whether you have a claim for repayment against the provider, it is always necessary to assess your case in detail. The lawyers of the Herfurtner law firm will carry out this assessment for you in the context of a free initial consultation.

The starting point of this evaluation is always the facts of the case as explained by you. In addition, similarities to similar cases can often be drawn. You therefore benefit from the extensive experience of our lawyers.

After the entire review of all documents and the legal classification, the action is first directed against the service provider itself, should certain breaches of duty be verifiable. In order to be able to confirm these breaches of duty, the contract papers, the e-mail correspondence and possibly additional papers must be analysed.

In addition, regulated online trading providers are also required to make and store telephone records of conversations with investors. Requesting and reviewing these records is also an advisable and necessary step to enforce your claims.

This evidence can be used to enforce the buyer’s claims in both extrajudicial and judicial proceedings. The financial institutions and crypto exchanges that are on the receiving end should also be taken into consideration.

Because the sums of money involved are often considerable, the question arises again and again as to whether the institutions have fulfilled their duties to provide information and their obligations under the Money Laundering Act.

A general statement cannot be made here; rather, the case of the individual must be examined. The same applies to the beneficiary on the recipient side, who is usually not equivalent to the provider itself. Under certain circumstances, claims may also have to be made against the provider if breaches of duty can be proven.

After civil law options have been exhausted, criminal law proceedings remain if the suspicion of an illegal act is substantiated. This requires contacting investigative authorities at home and abroad and coordinating further precautions.

For the time being, many federal states have set up special departments to deal with the issues of online fraud and crypto trading. The lawyers of the Herfurtner law firm are in regular contact with these departments. Our lawyers know that hosting providers also provide useful information on domain holders.

However, establishing contact with the providers, who are often located outside the EU, is extremely complicated for someone who is inexperienced. Likewise, financial authorities at home and abroad are valuable sources of information for aggrieved investors.

Apart from the complaint against the particular online trading provider, which should protect further potential customers from investing money, additional details can possibly be obtained through the financial supervisory authorities as information providers.

In many cases, these details make it possible to network investigative proceedings in the Federal Republic of Germany, Austria and Switzerland.