Bastion Balance – The alleged advisory firm Bastion Balance offers various financial services on its online presence. Accordingly, Bastion Balance can be commissioned with retirement planning or provision for the family.

Have you already invested with Bastion Balance as a client or are you currently thinking about investing with this service provider? Then it is certainly informative for you to answer the following questions:

  • Is the service provider Bastion Balance reliable?
  • What experiences have investors had so far?
  • What possible courses of action are available to consumers in the event of losses?

Our lawyers have provided the answers to these very questions in this article.

Table of contents

  1. Bastion Balance Review
  2. Website
  3. Accessibility
  4. Authorisation
  5. Investor alert
  6. Digression – basic tips
  7. What to do in case of losses with Bastion Balance?

If you are in any doubt as to whether Bastion Balance has a suitable offer, we are at your side and will advise you on any questions or problems you may have. Please send us your message via our contact form. We are at your disposal for a free initial consultation.

Bastion Balance Review

Bastion Balance writes about itself on its website that it is a global wealth management powerhouse. Moreover, Bastion Balance was founded several decades ago and has grown steadily thanks to the trust it has received from its clients.

Accordingly, since its humble beginnings, with a small office and just a few people, Bastion Balance has built an international reputation in the financial world, with a diverse client base spanning several countries.

Moreover, for Bastion Balance, the success of its clients is its own success. Moreover, Bastion Balance is now working with the second and even third generation of clients and strives daily to improve the financial security and quality of life of those who have entrusted their portfolios to the company.

Bastion Balance is also committed to every client and every employee. After all, people are Bastion Balance’s greatest asset. In addition, Bastion Balance describes its credo on the website in key points:

  • Use technology to improve communication and trade execution.
  • Treat every client and employee with dignity and respect.
  • Secure access to higher-yielding investments such as IPOs and private placements.
  • Generate superior, risk-adjusted returns.
  • Provide employees with an equal opportunity meritocracy.
  • Protect clients’ wealth.

Furthermore, Bastion Balance’s core mission is to promote private wealth in order to ensure prosperity and security for its clients. Therefore, Bastion Balance creates tailor-made wealth management plans for its international clientele of individuals, families and companies.

The financial services provider’s mission is to ensure the growth and security of its clients’ portfolios. Therefore, Bastion Balance strives to deliver excellence for every client.

Bastion Balance website

Details of Bastion Balance’s services can be found on the service provider’s English-language website at the URL https://bastionbalance.com/.

Imprint

In the Federal Republic of Germany, there is a general obligation to provide imprint information according to §5 of the German Telemedia Act (TMG). This obligation to “identify the provider” applies to all commercially operated WWW pages.

This is because this information is intended to inform the user of a website about who he or she is dealing with. In addition, the postal address of the website owner plays a role in this context, in case legal claims are to be enforced against him.

It is also important to note that the requirement to maintain an imprint also applies to foreign service providers who carry out their commercial activities in Germany. As of July 2021, no legally binding imprint could be found on Bastion Balance’s website.

Management

The naming of the responsible actors is a sign of transparency. At the time of writing, the company’s website does not contain any information on the persons responsible for the content.

Internet address

Every web server is identified by a unique numerical code. This so-called IP address allows a browser to address specific hosts in order to retrieve web pages. Our lawyers obtained the information on this provider with this result on 7 July 2021: Domain Name: bastionbalance.com

Registry domain ID: 2520542662_DOMAIN_COM-VRSN Registrar WHOIS Server: whois.godaddy.com Registrar URL: http://www.godaddy.com Updated Date: 2020-04-30T08:28:33Z Creation Date: 2020-04-30T09:57:14Z Registrar Registration Expiration Date: 2022-04-30T09:57:14Z Registrar: GoDaddy.com, LLC

Contact

Details of how to contact Bastion Balance:

  • Provider: Bastion Balance Wealth Management
  • Telephone number: 0082 2 3478 4248
  • Address: 117, Namdaemun-ro, Da-dong, Jung-gu, Seoul, Republic of Korea
  • E-mail address: info[a]bastionbalance.com

In the event that disputes ever arise, the long distance between the service provider and the funder may make them difficult to resolve. Basically, investors within the EU enjoy somewhat more security and more possibilities to enforce their rights – also and especially in the case of losses – if necessary with the help of a lawyer.

Which European authorities control the company?

To what extent the provider is regulated and supervised by a European financial authority such as the Commission de Surveillance du Secteur Financier (CSSF, Luxembourg), the Comisión Nacional de Mercado de Valores (CNMV, Spain) or the Financial Conduct Authority (FCA, United Kingdom) is not clear from the WWW page in July 21.

As a result, investors should not necessarily assume that the broker has the necessary authorisations to do business in Europe.

Warnings about Bastion Balance

Government agencies and law firms regularly issue warning notices. It should not always be assumed that this is a capital investment scam. We did not have any official warnings from a European financial supervisory authority on the subject of Bastion Balance in July 2021.

Excursus: The big threat – total loss for the private investor

The World Wide Web is full of reports from investors who describe how they lost their assets. What they have in common is that they had to suffer a total loss of their invested capital due to fraudulent intentions – and the prospects of a profit are accordingly zero.

The loss of some investors is in the six-digit range; in total, it is assumed that the accumulated loss amounts to a three-digit million amount. In addition, the consumer protection agencies have dozens of complaints against several providers and platforms.

If you look at the accounts of aggrieved investors, you will see that the luring of new clients follows the same pattern with almost all providers. First, one should deposit a manageable amount of 250 € or US dollars. The investor does not find out what happens next with the money.

Shortly afterwards, considerable profits are generated with the capital. Therefore, an employee of the online broker appeals for additional and higher investments in order to further increase the returns. If one complies with the appeal and continues to fill up the account with the financial provider, the problems begin.

Because as soon as you request a payout, you are put off with a wide variety of arguments. Often, the initially lively exchange only goes one way at this point, because the direct advisor is suddenly no longer available. But even if one does not accept the suggestion of additional investments, difficulties can arise.

This is because the providers are pushy and plague unwilling clients massively with calls.

Losses with Bastion Balance – recommendations for action

Have you had negative experiences with online trading? If you have had to accept losses, you should above all refrain from making further deposits and enquire with the provider about the reasons. Do you need help with Bastion Balance? Then please contact us. Our clients include many private investors from all over Europe.