AreaTrading – According to statements made on the company’s website, AreaTrading is an online trading provider that offers its customers a wide range of services. If you have invested with AreaTrading and there are problems with the payout, the lawyers of the Herfurtner law firm are available to help you in word and deed.

AreaTrading – Broker Assessment

Currently, there is an extraordinarily high number of online trading platforms such as AreaTrading. As a result, it has never been as easy but also as risky as it is today to invest in the unpredictable financial markets. Especially because there are so many options, choosing a financial services provider can be time-consuming and daunting.

Especially if you want it to match your individual investment ideas. Are you considering investing money with AreaTrading? Then the following points are important for you as an investor.

  • Access to the global financial markets is becoming more convenient and versatile for investors through online investing.
  • A good place to start for investors looking for information on securities, futures, binary options and cryptocurrencies is a website like this one.
  • Government-licensed brokers on the internet, reputable platforms, fees and brokerage commissions, product options and client reviews are just some of the features to include in your final choice.

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

Is AreaTrading credible? Recognising reputable financial services providers for cyber trading

The following considerations should be kept in mind when looking for opportunities to invest your assets on the internet:

  1. Financial service providers such as AreaTrading must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). The BaFin’s company database contains information on authorised service providers.
  2. Look for an imprint on the provider’s website. If this is not the case, you should: Hands off! However, you should also bear in mind that an imprint can be faked.
  3. In the Federal Republic of Germany, the imprint must include a postal address, the contact details of an authorised representative of AreaTrading and a telephone number.
  4. It can be very useful to find out what other consumers say about a potential service provider, even if it is only on the web.
  5. Quality seals are often used by fake shops to suggest that they are reputable. To find out whether a hyperlink leads to the website of the quality seal and whether the shop is also mentioned there, click on the picture of the seal. It is quite possible that the owner of the website has merely copied the seal from another WWW site and transferred it to his own website without the appropriate certification.

AreaTrading – Does the financial services provider contact you by email or fax?

Have you ever received investment proposals by e-mail from a provider like AreaTrading that you are not familiar with? Do you receive faxes from the stock exchange that you did not request? Or have you received a supposed “insider tip”?

Money investors should beware of similar tips, because they are usually spread by dubious groupings as well as providers who want to make a profit by selling securities from a false success story. Cases have also become known in which consumers are consulted by an apparent stock exchange supervisory authority.

It is erroneously pretended that the people written to have become victims of a fraud and that the personal data has been passed on to the stock exchange supervisory authority by the alleged Federal Public Prosecutor’s Office in Karlsruhe. The persons contacted are asked to fill out a web form. This is an obvious attempt at fraud.

In any case, we do not recommend entering into an exchange with this person or providing personal data such as user names, passwords, credit card numbers or other identifying information such as your account data with AreaTrading.

The great threat of unauthorised orders

Placing orders for securities transactions without the account holder’s consent can sometimes cause the price of certain stocks to jump. This applies above all to open market transactions in illiquid foreign securities (over-the-counter market).

Therefore, be cautious if you are asked to disclose personal data about the investment with AreaTrading without your permission with reference to apparently lucrative deals or profit announcements. Your International Bank Account Number, Business Identifier Code and other bank codes should not be given to anyone you do not know at any time.

Similarly, you should not disclose your account or deposit numbers and passwords. Do not hand over custody account documents or securities statements from AreaTrading to anyone you do not know. Callers posing as financial advisors, brokers or employees of a financial authority are also dangerous.

Online broker does not pay out – this is what you can do

Investors are often wooed by a “broker” or a call centre representative as soon as they have registered on the alleged trading platform. The intention is to get the investor to increase his long-term investments in order to maximise the income. This is also a legitimate goal of the service provider AreaTrading.

Immediately after the buyer has deposited his capital, preliminary profit developments will probably be presented on his account. This should motivate the investor to invest steadily in the financial instrument. The website operators, on the other hand, can use fraud software to fake account changes and profits without the customer noticing.

Make sure that accounts can be verified equally with AreaTrading.

In truth, no trading takes place at all on many platforms. Rather, the capital paid is transferred by the perpetrators to accounts outside Germany. This is not noticed by the capital investors at first. The “service providers” delay the payment of the stated profits by demanding payment of allegedly due taxes and commission costs from the investors.

These scams only serve the purpose of increasing income. At some point, communication breaks down completely. The invested money is used up. From this moment on, the only way to take further steps is to go to a lawyer.

Online Trading: Be sure to plan for costs and commissions

Before investing with AreaTrading, find out how much of your investment amount will be used to cover costs such as fees and commissions. This is a good time to check the details provided by the service providers in detail! Money investors must be notified of all fees charged and how they affect the profit margin of investment service providers.

In addition, the remunerations must be listed individually. If you request a breakdown of any fees, providers are obliged to give you this info. A service provider like AreaTrading is usually interested in as many trades as possible for understandable reasons. Often the fees are so enormous that it is difficult to make a profit.

The fees can even eat up the invested money in a very short time. Therefore, be sure to pay attention to the costs! The commission fees of the online broker must be available to everyone. The clarity of the structure of the costs is also laid down in the legal rules and regulations. In the event of an offence, the provider’s regulatory licence can be withdrawn.

Losses with AreaTrading – recommendations for action from a lawyer

You have invested with AreaTrading, or another provider? Now you are encountering repayment problems? Then we recommend that you immediately block further payments. This is especially true if the trader recommends additional payments to compensate for deficits. You should also try to recover the lost capital.

In this regard, aggrieved investors can seek investor protection and contact the lawyers at our law firm. We consider both civil and criminal law options as well as possible claims for damages against the service provider and against involved payment service providers such as banking houses.

“It is far from being an exceptional case when a private investor loses his capital in online trading. Many investors are deceived by the professional appearance of the service providers and do not realise in time that they are not responsible for their loss.”

Our recommendation is therefore not to despair, but to act quickly and actively. Because the chance of recovering the lost capital is usually greater than the aggrieved investors assume. Would you like to talk to one of our lawyers about AreaTrading? Then click here to go directly to our contact area.