Bit-fc – The supposed financial service provider Bit-fc presented itself as a trading platform on its website The website is currently offline. You encounter complications with the payout of your investment? Our lawyers can help you with claims against Bit-fc.

Bit-fc – What is known about the online broker?

Currently, there is an extremely high number of online trading platforms such as Bit-fc, among others. Because of this, it has never been as easy but also risky as now to invest in the volatile financial markets. Especially because there are so many options, choosing a broker can be time-consuming and frustrating. Especially if you want one that suits your investment needs. Are you thinking about investing with Bit-fc? In this case, the following points are important for you as an investor.

  • Regulated brokers on the internet, secure websites, fees and brokerage charges, offer options and customer feedback are just some of the aspects to consider when making your final choice.
  • A very good address for money investors who want to learn about stocks, futures, binary options and cryptocurrencies is a website like this one.
  • Accessing the international stock markets becomes more convenient and affordable for investors through online investing.
  • A wide range of order types can be used when trading online.

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

Evaluate Bit-fc trading offers in advance

The following thoughts should be considered when looking for opportunities to invest your assets on the internet:

  1. It can be very helpful to find out what other clients are saying about a potential service provider, even if it is only on the World Wide Web.
  2. In Germany, the imprint must contain an address, the contact details of an authorised representative of Bit-fc and a telephone number.
  3. Financial service providers like Bit-fc must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). The BaFin’s company database contains information on authorised service providers.
  4. Look for an imprint on the provider’s WWW page. If this is not the case, you should: Hands off! But also bear in mind that an imprint can be faked.

Bit-fc: What does the service provider promise and does it explain the risks of loss?

Check how trustworthy Bit-fc’s offer is. Is the interest rate you were offered particularly high? Can you make a lot of money with just a few€? These offers are mostly nothing more than an illusion. Be sure that there are always lawbreakers hiding behind these tempting opportunities. As a rule, nothing at all is invested in these investment offers. Therefore, judge how honest the offer from Bit-fc is.

Scams are often carried out by tricksters in a similar way. Investment products that are supposedly lucrative are announced in prominent positions on the internet. The criminals assure that they will receive a lot of assets. At the beginning, the investment amounts are relatively small. All those who register are contacted by a fictitious stockbroker or securities broker. The scam victims then get access to an apparent investment software after paying the money.

Dubious special offers can also be recognised by promises of returns that are significantly above the market average. An investor’s risk of losing investments also increases with Bit-fc in direct proportion to the expected margin. One option for finding out about the median market return is the business sections of the daily newspapers or the website of the Deutsche Bundesbank.

Similarly, you should treat recommendations for companies with exceptional potential for growth with caution. Low prices and minimal trading volumes make penny stocks, for example, exceptionally vulnerable to speculation and manipulation.

Protect yourself from monetary losses through the Ponzi scheme

A Ponzi scheme, or Ponzi scheme, is a type of fraud. In it, capital is collected from new investors and subsequently used to pay out capital to the original aggrieved persons. The masterminds of Ponzi schemes often claim to invest your money and achieve exorbitant profits without putting your assets at risk. Nevertheless, in many Ponzi schemes, the lawbreakers do not actually invest the capital they take. Instead, it is used to pay off people who previously paid in.

This allows the perpetrators to keep some of the money for themselves. So pay attention to the risk-reward ratio in all investments – including bit-fc. Ponzi schemes require a steady inflow of new money to keep running, as they have low or no real income. Many of these schemes fail when it becomes arduous to attract fresh backers or when a significant number of investors drop out. Assuming that you want to invest capital with a company like Bit-fc, you should always act with caution. Indicators to watch out for include:

  • Overly predictable results. Over time, deposits tend to rise and fall. Any investment of value that consistently delivers good returns, independent of market conditions, should be viewed with a high degree of suspicion.
  • Investments that are not registered with financial regulators. In most cases, Ponzi schemes are unregistered investments that are not controlled by state authorities such as Bafin.
  • Strategies that are difficult to identify. Keep your money out of the stock market if you do not know enough about this.
  • Is there a problem with the documentation? If there are errors on your account statement, this may indicate that your capital is not being invested according to plan.
  • Risk-free returns with little or no volatility. Every deposit contains some risk, and the riskier a deposit is, the more likely it is to produce a high return.
  • The distribution of profits does not work? If you do not receive any payments or find it difficult to cash out, you should be vigilant. The operators of Ponzi schemes may try to persuade participants to stay by promising even higher profits if they do not withdraw money.
  • Selling without a licence: Investment professionals and firms must be licensed or registered under federal and state securities laws. The most common Ponzi schemes involve unlicensed individuals or firms.

Broker refuses to distribute? Act promptly and contact a lawyer

Investors are very often wooed by a “broker” or a call centre employee as soon as they have registered on the alleged online trading platform. The intention is to persuade the investor to increase his long-term investments in order to maximise profit. This is also a legitimate goal of the provider Bit-fc. Shortly after the investor has deposited his money, the first profit developments will probably be shown on his account.

This should encourage the investor to continuously invest in the financial instrument. The platform operators, in turn, can use fraud software to fake improper account changes and profits, even without the buyer noticing.

Make sure that accounts can be authorised equally with Bit-fc.

In reality, there is no trading at all on many platforms. Rather, the money paid is forwarded by the fraudsters to bank accounts outside Germany’s borders. This is not noticed by the investors at first. The “service providers” delay the payment of the reported profits by demanding that the investors pay what appear to be taxes and commissions.

These manipulations only serve the purpose of increasing profits. At a certain point, 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 start necessary actions.

Recognise Recovery Scam: The scam after the capital investment scam – protect yourself

Anyone who has ever lost funds to a fraudulent investment platform knows how devastating it can be. That alone is terrifying enough. But in addition, the criminals behind the bogus model contact you within a very short time by email or phone call. This time, however, they do not pretend to be Bit-fc investment advisors. Instead, they guarantee to help you recover your lost assets in exchange for an upfront payment.

Many rip-off artists even appear to have been hired or authorised by trusted entities such as a tax authority. After stealing your personal information, the scammers usually pose as good Samaritans. They guarantee to help you recover the stolen money. Even if you have invested money with a provider like Bit-fc, your contact information may be stolen. Anyone who has lost a large amount of money is usually desperate.

The criminals take advantage of people’s desperation by posing as “recovery” companies. They offer their services under the pretext of helping them get their money back. This means they dubiously assure that they will get back the lost assets.

What to do in case of losses with Bit-fc?

In order to be able to assess whether you have a claim for repayment against the financial service provider Bit-fc, it is always necessary to examine the case in detail. The lawyers of the Herfurtner law firm will do this for you in the context of a free initial consultation. The starting point of this evaluation is always the facts of the case as explained by you. In addition, similarities to comparable cases can usually be drawn.

You therefore benefit from the extensive experience of our lawyers. After the entire review of all documents and the legal classification, the approach is first oriented against the provider Bit-fc itself, should certain breaches of duty be ascertainable. In order to be able to prove such breaches of duty, the contract papers, the e-mail message history and possibly also supplementary documents must be analysed.

Furthermore, regulated online trading providers are also obliged to make and archive telephone records of conversations with clients. The request to hand over the same documentation and the subsequent analysis is also a sensible and necessary step to enforce your claims. With the help of this evidence, investors’ claims can be enforced both in extrajudicial and in judicial proceedings.

The financial institutions and crypto exchanges that are on the receiving end should also be focused on in this context. Because the sums of money involved are very often considerable, the question repeatedly arises as to whether the companies have complied with their duties to provide information and their obligations under the Money Laundering Act. It is not possible to make a general statement in this regard; rather, the case of the individual must be examined.

The same applies to the beneficiary on the recipient side, who is often not identical with the provider itself. Under certain circumstances, claims may also have to be made against the provider if breaches of duty can be proven.

After all civil law options have been exhausted, the procedure remains at the criminal law level if the suspicion of a criminal offence is substantiated. This requires contacting law enforcement agencies at home and abroad and coordinating further precautions.

For the time being, many federal states have set up special units for the topics of online fraud and crypto trading. The lawyers of the Herfurtner law firm are in regular contact with these units. Last but not least, web hosts can also provide useful information on the domain holder. However, it is extremely difficult for someone inexperienced to establish contact with the providers, who are often based outside the EU.

Likewise, financial authorities in Germany and abroad are practical points of contact for investors who have suffered losses. In addition to the complaint against the online trading provider in question, which is intended to protect other potential buyers from investments, it may be possible to obtain other information from the financial supervisory authorities. This information often allows networking of investigations in the Federal Republic of Germany, Austria and Switzerland.