Bingsaub – the company describes itself on its website as an online broker. Bingsaub offers its clients a wide range of services in the field of cryptocurrencies.

If you have invested money with the investment service provider Bingsaub and now have problems with repayment, the law firm Herfurtner will help you reliably and comprehensively.

Bingsaub – Reviews

Currently, there is an extraordinarily high number of online trading platforms such as Bingsaub. Thus, it has never been as easy but also risky as today to invest in the unpredictable financial markets.

Especially because there are so many opportunities, choosing an online broker can be time-consuming and frustrating. Especially if you want it to meet your individual investment needs.

Are you considering investing with Bingsaub? In this case, the following points are relevant for you as an investor.

  • When trading on the World Wide Web, a variety of order types can be used.
  • A good address for investors who want to inquire about share certificates, futures, binary options and cryptocurrencies is a website like this one.
  • Regulated online brokers, secure websites, fees and brokerage charges, product options and client reviews are just some of the factors you should consider when making your irrevocable decision.

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

Bingsaub – recognising reputable investment offers

There is a wide range of investment options available to money investors, with trustworthy and questionable providers competing for their favour.

There are many indicators that a service or offer is not trustworthy, and it is essential to focus on them. Here you will learn what details you need to pay attention to once you invest your hard-earned money.

Banking, financial services and insurance companies such as Bingsaub are only allowed to operate in the Federal Republic of Germany with state authorisation. The companies have obtained authorisation, but this in no way means that the services they offer are of excellent quality.

If a prospectus or information sheet approved by BaFin has already been published, securities and investments can be made available to the general public in the same way.

BaFin simply ensures that prospectuses are complete, understandable and logical. The prospectus or information sheet of Bingsaub is not necessary in every case.

Before you invest money, you should think about your long-term goals and check whether you have the actual means to achieve them. Do not rush the process. Before you put your capital into an investment, you should take time to weigh the pros and cons. Do not make a choice immediately, even if you have consulted with others.

Time pressure with investments? What kind of experiences have you had with Bingsaub?

Do you feel the pressure of a tight deadline? The service provider is baiting you with an exceptional offer, but you are under pressure to make a choice in a flash?

This is not an ideal idea, because it is often a ruse. Don’t rush into a decision Not only can you get reliable special offers now, but you can also invest with Bingsaub in the future.

To get where they want to go, criminals know exactly what to do. They make an effort to obtain as much information as possible about their targeted person through well-crafted enquiries. Likewise, they ask about the condition of the other person, e.g. whether he or she is home alone or whether he or she keeps capital at home.

Furthermore, they play a game of “wait and see” to exhaust the targeted person. They may keep their counterpart on the phone forever until he agrees to go to the house bank and hand over money and other valuables to the criminals.

In one of these scams, a deadline is imposed on the injured party. With such a measure, the aggrieved party is urged to disregard his own vigilance.

New support scams use the same formula. Since the contacted person’s computer is allegedly infected by a particularly serious malware programme, the callers, presumably acting on behalf of Microsoft or such a financial service provider as Bingsaub, demand urgent payment for a maintenance contract in English with an Indian accent.

The criminals add to the stress by threatening the targeted individuals to make them pay if their computer is infected and transmits the infections.

Investing in the grey capital market: threats and uncertainties

Only a small proportion of financial market participants such as Bingsaub are subject to official regulation and control. In the grey capital market, service providers are positioned that do not even need BaFin approval and only have to fulfil a few regulatory criteria.

Only make an investment in the grey capital market if you are convinced of the company’s creditworthiness and know it as a company. As already mentioned, BaFin has no control over these service providers.

The grey capital market holds a variety of possibilities. There are:

  • Corporate investments
  • Crowdfunding offers
  • Ordinary bonds
  • Profit participation rights and other hybrid forms of bonds
  • Direct investments such as in timber, precious metals or other commodities

One thing is certain: it is uncertain what the end result will be for the investor.

Do you find it difficult to keep track of the product being advertised? Then you should find out as much information as possible before making a choice.

Don’t invest in anything you don’t fully understand! When it comes to investments, the more experience you need, the more complex the product.

It is also not recommended to put all your assets on one card. Diversify your risk beyond Bingsaub.

To avoid being wrongly influenced, you should always focus on the product itself and not on the name or the presentation of the financial service.

Payout only realisable after further transfer?

Customers are often wooed by a “broker” or a call centre representative as soon as they have set up an account on the apparent online trading platform. The aim is to get the investor to increase his permanent investments in order to maximise profit. This is also an initially legitimate goal of the financial service provider Bingsaub.

Shortly after the buyer has transferred his money, the first profit developments may be shown on his user account. This should motivate the investor to continuously invest in the financial product.

However, the operators of the trading platform can use fraud software to fake improper account changes and earnings, even without the buyer being aware of this.

Make sure that accounts can be verified equally with Bingsaub.

In reality, no trading takes place on several online trading platforms per se. Instead, the deposited capital is transferred by the fraudulent brokers to bank accounts outside Germany. This is not recognised by the investors for the time being.

The “providers” delay the disbursement of the income presented by demanding that the investors pay what appear to be taxes and processing costs. These tricks only serve the purpose of increasing profits.

Sooner or later, the connection is severed altogether. The money transferred is used up. From this point on, the only thing left to do is to go to a lawyer to take the necessary steps.

Recovery Scam? Beware of unsolicited offers after you have invested capital

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

This time, however, they do not pretend to be investment advisors from Bingsaub. Rather, they guarantee to help recover the stolen money in exchange for an upfront payment. Many criminals even appear to have been hired or authorised by reputable institutions such as a financial regulator.

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

Anyone who has lost a large amount of money is usually desperate. The criminals take advantage of people’s desperation by calling themselves “recovery” companies. They offer their services under the bogus pretext of helping them recover their funds. That is, they promise in a dubious manner that they will get back the lost capital.

Money back from Bingsaub: Maximise your chances with the help of lawyers

You should take steps as soon as possible as soon as the suspicion is confirmed that a service provider is not proceeding properly and there is a risk that the online broker will refuse to pay back your money. In addition to a report, which we file for our clients with the criminal police, and a report to the financial supervisory authority, the provider should possibly also be held legally accountable.

This involves reviewing the contractually agreed claims against the broker as well as possible compensation options.

In the case of financial transactions, it is also important to check whether banks can be held responsible in the event of an error. Claims for damages against banks can arise, for example, in the case of money laundering or other criminal activities. However, this must be examined depending on the respective facts.

If your online broker refuses to pay, you should therefore contact a reliable law firm immediately:

  1. Give us the names and contact details of anyone you have spoken to
  2. Tell us how long the provider has been delaying payment
  3. Tell our law firm by email about your experience with the service provider

The Herfurtner law firm will give you a free initial assessment in connection with Bingsaub. In addition, we will let you know at short notice whether we think you have a good chance of recovering your losses.