Banque de Commerce – The online platform advertises itself as a trading platform. On its website, profitable capital investments in the field of online trading are possible.

The provider was placed on a warning list for unregistered companies by the Swiss FINMA.

If you have invested capital with the financial service provider Banque de Commerce and are now experiencing problems with repayment, our lawyers can advise you throughout German-speaking countries.

Banque de Commerce – Reviews

Currently, there is an extremely high number of providers such as Banque de Commerce. As a result, investing in the unpredictable financial markets has never been as easy as it is today, but also as uncertain. Precisely because there are countless options, choosing an online broker can be time-consuming and daunting. Especially if you want it to meet your individual investment needs.

Have you already invested with Banque de Commerce? Then the following aspects are relevant for you as an investor.

  • Access to the international stock markets is made easier and more versatile for investors through online investing.
  • Officially licensed brokers on the internet, reputable providers, costs and commissions, quote options and customer reviews are just a few of the aspects to consider when making your final choice.
  • When trading on the World Wide Web, you can use a wide range of order types.
  • An ideal place for investors who want to learn about stocks, futures, options and cryptocurrencies is a website like this one.

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

Identify trustworthy providers and invest wisely

Investors have a wide range of investment options to choose from, with professional and questionable service providers competing for their favour. There are many indicators that a service or product is not safe, and it is important to keep an eye out. Here you will find out what details you need to pay attention to as soon as you invest your hard-earned assets.

Banking, financial services and insurance companies such as Banque de Commerce are only allowed to operate in the FRG with government authorisation. The companies have received authorisation, but this in no way means that the products sold 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 can be made available to the general public in equal measure.

The prospectus or information sheet for the product issued may be lawful, but this does not mean that it is guaranteed to be so. BaFin only ensures that the prospectuses are complete, comprehensible and coherent. The prospectus or the information sheet of Banque de Commerce is not necessary in every circumstance.

Before investing, it is advisable to think about your long-term plans and check whether you have the monetary means to achieve them. Do not rush the process. Before you invest your assets in a deposit, take time to weigh the pros and cons. Do not make a choice immediately, even if you have consulted with others.

Cold calling by phone: a Banque de Commerce method?

Have you in the past received a telephone call from a stranger making you a special offer? Do not answer under any circumstances. Unwelcome calls are against the law. “Cold calling” is clearly forbidden at securities service providers and other companies such as Banque de Commerce. There are also people who claim to work for professional web trading platforms.

This is their way of getting people to give them their sensitive information. Often, after your very first payment, you are instructed to deposit more funds. Phone scammers are always coming up with new ways to rob investors of their savings, cash and other valuables. A common strategy of the rip-off artists is to call the people they want to harm at inconvenient times of the day. This is, for example, very early in the morning or very late at night.

In other words, times when they are least concentrated. In addition, the criminals pretend at the beginning of the conversation that they and the person being called know each other. The other method works as if the callers are obliging. In this way, the offenders give the person they are talking to on the phone a feeling of sympathy and trust. Check whether you are really dealing with the Banque de Commerce company when you are contacted by phone.

Trustworthy brokers always follow your order

Placing orders for transactions in shares without the account holder’s consent can, in individual cases, lead to a jump in the price of certain shares. This applies in particular to open market transactions in illiquid foreign securities (over-the-counter market). You should therefore be sceptical if you are instructed to disclose personal data about your investment with Banque de Commerce without your consent on the basis of apparently profitable transactions or profit announcements.

You should never give your International Bank Account Number, BIC and other bank codes to anyone you do not know. Nor should you disclose your account or deposit numbers or passwords. Do not hand over custody account documents or securities statements from Banque de Commerce to someone you do not know. Callers posing as financial advisors, brokers or employees of a financial regulator are also unpredictable.

Cybertrading: What you should know in advance

Classic investment fraud is carried out using well-known methods such as advertising, unsolicited telephone calls or stock market letters. When it comes to conducting fraud, the old-fashioned method is quickly becoming obsolete in the digital age. The current type of financial fraud can be described with the term “cybertrading”.

Financial products are traded here with dishonest intent via the World Wide Web. The unfair financial investments include investment products such as contracts for difference and cryptocurrencies. Even the services of Banque de Commerce have been used by other providers in a comparable manner to hoodwink investors. Investors are increasingly making their own enquiries about investment options on the internet.

In this way, people rely on their personal know-how or on the advice of others in weblogs, forums and other online portals to make their decisions The change to ever new financial instruments has no long-term influence on the illegal activities with regard to the organisational structure. Since the criminal crime rings rely on already existing and widely recognised infrastructures, there is no need to adapt to a new “business model”.

Regardless of which financial instrument is traded, the process of cybertrading is largely congruent. These financial products are aggressively advertised in social media or with affiliate marketing. In principle, it’s all about the illustration of ludicrously high returns. Calculate the probability of earning high profits with Banque de Commerce before you invest.

Lost capital & received unsolicited offer of help shortly afterwards?

Anyone who has ever lost assets to a fraudulent investment platform knows how disastrous that can be. That alone is bad enough. But in addition, the criminals behind the bogus model contact you within a short time by email or phone call. This time, however, they do not pose as financial advisors from Banque de Commerce. Instead, they promise to provide assistance in recovering the stolen money in exchange for a payment.

Many criminals even appear to have been hired or authorised by trusted organisations such as a financial authority. After stealing your sensitive data, the perpetrators usually pose as good Samaritans. They promise to help you recover the stolen money. Even if you have invested money with a service provider such as Banque de Commerce, your contact information may be stolen.

Anyone who has lost a substantial amount of money is usually distressed. Criminals take advantage of people’s concern by calling themselves “recovery companies”. They offer their services under the guise of helping them recover their funds. That is, they make dubious promises that they will get back the lost assets.

Profit distribution from Banque de Commerce doesn’t work out? Hire a lawyer immediately

Action must be taken as soon as possible if the suspicion is confirmed that an investment service provider is not acting conscientiously and the risk exists that the online broker will not make its payouts. In addition to filing a report and notifying the financial authorities, the online broker should also be held legally responsible if necessary.

The claims against the broker agreed in the contract as well as possible compensation options are examined. In the case of money transactions, it is also important to check whether financial institutions can be held responsible in the event of an error. Claims for compensation against banks can arise, for example, in the case of money laundering or other fraudulent activities.

However, this must be checked depending on the facts of each case. As soon as your provider delays the distribution, you should contact a professional law firm immediately:

  1. Tell us how long the provider has been refusing to pay out
  2. Give us the names and contact details of anyone you have spoken to
  3. Discuss the facts with us via email

We will give you a free initial assessment in connection with Banque de Commerce. We will also let you know as soon as possible whether we think you have a realistic chance of recovering your losses.