Besttechfxtrade – According to the provider’s website, Besttechfxtrade is a service provider for blockchain, forex investments and bitcoin trading that offers its customers various services.

If you have invested with Besttechfxtrade and there are problems with the distribution, the lawyers of the Herfurtner law firm are available to help and advise you.

Besttechfxtrade – trustworthy blockchain?

Currently, there is an enormous number of online trading platforms such as Besttechfxtrade. As a result, investing in the unpredictable financial markets has never been as easy but also as uncertain as it is now. Precisely because there are so many opportunities, choosing a financial services provider can be time-consuming and daunting.

Especially if it is to meet your individual investment needs. Have you already invested with Besttechfxtrade? In this case, the following aspects are significant for you as an investor.

  • Officially licensed online brokers, reputable providers, costs and commissions, product options and ratings are just some of the criteria you would need to take into account when making your irrevocable decision.
  • When trading on the web, a wide range of order types can be used.
  • An ideal place to start for investors who want to learn about stocks, futures, binary options and cryptocurrencies is a homepage like this one.
  • Access to the global stock markets is made easier and more affordable for investors through online investing.

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

Online trading with Besttechfxtrade or other service providers: Disadvantages?

Just as the stock exchange and other financial markets are exposed to certain risks, so is online trading. As an investor, you should therefore examine Besttechfxtrade with regard to the following topics:

  • Online trading platforms that are dubious
  • Disadvantages that arise from negligent or unqualified trading
  • The dangers of online security
  • Dangers associated with the product, such as possible losses

Reduce the risk by looking for a verified track record when choosing an investment service provider. In this context, it is equally important that you are guaranteed safe money management. This is the only way you can navigate the online trading world with any degree of confidence.

Traders who have a skillful hand can definitely make a living from this, and their profits may be large. If they have the optimal strategy.

One thing should be clear to anyone who starts trading: The risk of losing more funds than deposited into the bank account of the online broker Besttechfxtrade when trading on the stock exchange exists at any time.

Does Besttechfxtrade have accounts located abroad and require money transfer?

Does it make sense for you to transfer assets to a country outside Europe? Pay close attention to what you are doing. Many investors have already lost capital in the process. It is conceivable that you lose the overall view of where your money is going and how it is invested.

When money has been given to a provider, it has happened that the provider has not invested the amount received as agreed or even at all. There were also cases where the company simply did not exist, even though it presented itself accordingly like Besttechfxtrade.

Apart from the regulated financial service providers, there are several dubious online trading websites where a similar procedure can be observed in the majority of cases. Potential investors are contacted by employees of the respective trading platform.

For example, by telephone, as soon as the investor has provided non-binding contact details on the provider’s website. In dozens of cases, however, they are also contacted by mass e-mails. These entice them with seemingly profitable investments.

The investor is given his own broker for a short time, who instructs him on how to set up a trading account and make his first investments. The investor initially feels well advised and trading starts predominantly with small sums. But soon larger transfers are demanded – mostly to foreign accounts.

These payments are intended to increase potential profits. Problems with dubious brokers finally arise when the investor demands a payout. This is often continuously delayed or linked to additional payments such as alleged taxes and commissions. In the past, the perpetrators only operated from dubious locations.

Now they operate from a wide variety of locations such as the UK (including London), the Netherlands, Canada, the Kingdom of Spain, Dubai and many others. It is difficult for the vast majority of people to see through tricky schemes.

Companies often receive e-mail orders with immense order volumes that bear no relation to the usual purchase amounts. To lure the German company, huge promises of profits are made.

However, the considerable order volume serves exclusively as a means of exerting pressure in conversations with the producer in order to demand correspondingly excessive approval and registration costs.

It is not always clear whether the recipient of this payment is also the customer of the products. All the same, one can assume that companies operating abroad will not have to pay regional taxes on deliveries to other countries in the foreseeable future. Clarify whether this also applies to investments at Besttechfxtrade.

Investment orders not permitted by you – protect yourself

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

You should therefore be alert if you are asked to disclose sensitive data about your investment with Besttechfxtrade without your permission, with reference to supposedly lucrative deals or profit announcements.

You should never disclose your International Bank Account Number, BIC and other bank codes to a third party who is not known to you. Similarly, you should not disclose your account or deposit numbers or passwords.

Do not hand over custody account documents or securities statements from Besttechfxtrade to a third party you do not know. Callers posing as financial advisors, brokers or employees of a financial regulator are also unpredictable.

Reliable online brokers never refuse to pay out

Consumers are repeatedly wooed by an “online broker” or a call centre representative after they have set up an account on the alleged trading platform. The intention is to get the investor to increase his permanent investments in order to maximise his income. This is also an initially legal goal of the provider Besttechfxtrade.

Immediately after the investor has deposited his money, the first profit developments may be displayed on his account. This should encourage the investor to invest continuously in the financial instrument.

The platform operators, on the other hand, can use fraud software to simulate improper account changes and profits without the buyer noticing.

Check that the accounts can be authorised equally at Besttechfxtrade.

In reality, no trading takes place on many platforms. Instead, the deposited assets are transferred by the perpetrators to bank accounts outside Germany’s borders. This is not recognised by the customers at first.

The “providers” delay the disbursement of the presented money gains by demanding the payment of allegedly incurred taxes and commission costs from the investors. The deceptive manoeuvres only serve the purpose of increasing profits. Sooner or later, communication breaks down completely.

The invested capital is used up. From that moment on, the only thing left to do is to go to a lawyer to take necessary steps.

Get out of contracts: Place value on price transparency

Clarify when and how much money will be paid out. It is best to avoid long-term contracts that cannot be terminated early or where you would suffer large monetary losses.

Conclude long-term contracts without the possibility of early termination only with financial service providers such as Besttechfxtrade, whose reliability you have no doubts about. Even if you have the option to waive a contract at any time or to terminate it over a certain period of time, you should be sceptical.

Even if these options do exist, you are still vulnerable to financial loss. Make sure you know in detail how much money you will recover if the investment goes wrong. The following rule applies to share transactions: Before the end of the contract period, find out what options are open to you to get rid of a share certificate.

It is often crucial to know whether there is a liquid market for services such as those offered by Besttechfxtrade. It is possible to sell share certificates via 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 a stock exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks). Order supplements can be used to direct the execution of the order in advance. The sale of the shares takes place at a time and place determined by you.

Lawyers advise on Besttechfxtrade

Investors who have been confronted with losses with a provider like Besttechfxtrade, or who encounter difficulties in having their profits paid out, should first of all refrain from making additional payments. After that, it is definitely advisable to seek legal advice and clarify any options to compensate your investments. It is important:

  • seek legal support
  • do not despair
  • react quickly

Do you have questions about Besttechfxtrade? Then our legal advisors are ready to provide you with information. Feel free to contact us to exchange views on Besttechfxtrade.