Bit Limited Company – On its website, the provider claimed to be a service provider in the field of finance. Accordingly, investors could obtain high leverage. At the time of writing, the online presence of the service provider was no longer available.

You have invested with Bit Limited Company and want your money back? The Herfurtner law firm will help you in case of difficulties.

Bit Limited Company – Assessments by investors

At present, there is an enormous number of online trading platforms such as Bit Limited Company. This means that investing in the unpredictable financial markets has never been as easy but also as risky as it is now.

Because there are so many options, choosing an online broker can be time-consuming and daunting. Especially if you want it to meet your personal investment needs.

Are you considering investing with Bit Limited Company? Then the following points are important for you as an investor.

  • Access to the world’s stock markets is made easier and more interesting for investors through online investing.
  • Regulated online brokers, reputable provider sites, costs and brokerage fees, product options and customer feedback are just a few of the features you should consider when making your irrevocable decision.
  • When trading on the web, numerous order types can be applied.

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

Evaluate Bit Limited Company accurately: How can I recognise trustworthy investment service providers?

The following considerations should be kept in mind when looking for options to invest your assets online:

  1. Financial service providers such as Bit Limited Company must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). BaFin’s company database contains information on authorised service providers.
  2. Quality seals are often used by fake shops to suggest that they are reputable. To see if a link leads to the internet presence of the seal of approval and if the shop is also mentioned there, click on the picture of the seal. It is quite possible that the owner of the website simply copied the seal from another homepage and transferred it to his current WWW page without the corresponding certification.
  3. In Germany, the imprint must contain a postal address, the contact details of an authorised representative of Bit Limited Company and a telephone number.
  4. Look for an imprint on the service provider’s website. If this is not the case, it means: Hands off! However, also bear in mind that an imprint can be faked.
  5. It can be very useful to ask what other clients say about a potential service provider, even if it is only on the internet.

Outstanding development potential in the service provider Bit Limited Company?

Check how trustworthy the Bit Limited Company offer is. Is the interest rate you were offered exceptionally high? Can you make a lot of money with a few EUR?

These offers are usually nothing more than an illusion. Be aware that criminals are usually hiding behind these tempting options. As a rule, not the least is invested in these investment offers. Therefore, check how serious the offer from Bit Limited Company is.

Scams are often carried out by con artists in a similar way. Investment products that are supposed to be profitable are announced in prominent positions on the internet. The criminals emphasise that they will receive a lot of money. At the beginning, the investment amounts are relatively minimal.

All those who register are consulted by a fictitious online broker or securities broker. The scam victims then get access to a supposed investment software after depositing the money.

Dubious special offers can also be identified by promises of returns that are conspicuously above the market average.

An investor’s risk of forfeiting investments also grows in direct proportion to the expected return with Bit Limited Company. One way to find out about normal market returns is to consult the business sections of newspapers or the WWW page of the German Bundesbank.

Similarly, advice on companies with exceptional growth potential should be treated with caution. Low costs and very low trading volumes make penny stocks, for example, exceptionally susceptible to speculation and manipulation.

Ponzi scheme: What are the dangers?

A Ponzi scheme is a type of fraud. In it, capital is collected from new investors and then applied to pay out money to the original aggrieved persons.

The masterminds of Ponzi schemes often claim that they will invest your money and reap substantial returns without putting your assets at risk. However, in many Ponzi schemes, the lawbreakers do not actually invest the assets they take.

Rather, it is used to compensate people who previously paid in. In this way, the perpetrators can keep part of the assets for themselves. So pay attention to the risk-reward ratio in all investments – even in Bit Limited Company.

Ponzi schemes require a continued inflow of new assets to keep running, as they have very little or no real profits. Many of these schemes fail when it becomes arduous to attract fresh money investors or when a significant number of investors drop out.

In the event that you want to invest with a broker like Bit Limited Company, you should always act with prudence.

Signs you should look out for include:

  • Tactics that are hard to detect. Keep your capital out of the stock market unless you know enough about it.
  • Risk-free gains with little or no volatility. Every investment involves a certain amount of risk, and the riskier an investment is, the more likely it is to yield a high return.
  • Is there a problem with the documentation? If errors appear on your account statement, it may be an indicator that your money is not being invested according to plan.
  • Selling without a licence: Investment professionals and firms must be licensed or registered in accordance with federal and state securities regulations. Most Ponzi schemes involve unlicensed people or providers.
  • Deposits that are not registered with financial regulators. In the vast majority of cases, Ponzi schemes are unregistered investments that are not controlled by official authorities such as Bafin.
  • The payment of winnings does not work? If you do not receive any payments or find it difficult to cash out, you should be vigilant. The operators of pyramid schemes are probably trying to persuade those involved to stay with the promise of even higher profits if they do not withdraw money.

Contacting and proceeding with non-serious online trading platforms

On questionable online trading platforms, there is a plethora of investment goods that are persistently advertised in internet forums and social networks to lure investors.

In addition, “multi-level marketing” is used to solicit new investors. The advertising primarily emphasises the assurance of immediate profitability.

In order to start investing, a potential investor must first of all create an account with the trading platform – as with Bit Limited Company. Then the perpetrators contact the investor via a call centre and do everything they can to persuade him to invest large sums of money.

The investors’ positive attitude towards cybertrading is partly reinforced by the idea of future profits.

Buyers are more willing to invest in the future if they see exactly the kind of results they hope for. At this point, investors are fooled by a corrupted trading algorithm about the true evolution of stock market data and prices. Bit Limited Company does not necessarily belong to this category.

The criminals use their own biased price values when calculating profits. This means that the financial service provider has complete control over whether a profit is made or not.

Until the alleged returns are paid out, this manipulation continues. When the time comes for the payout, the buyers suddenly no longer have access to their accounts and the personal contacts associated with them. The majority of all investors lose all their assets invested in such illegal trading, forcing them to seek legal assistance.

Fees when trading online – inform yourself in good time

Before investing with Bit Limited Company, find out how much of your investment amount will go to cover costs such as fees and commissions. This is a good time to fully check the information provided by the providers!

Investors must be notified of all calculated costs and their effect on the margin of investment service providers. In addition, the costs must be presented separately.

If you request a presentation of the individual costs, the financial service providers are obliged to provide you with this information.

For understandable reasons, a service provider such as Bit Limited Company is normally interested in as many trading transactions as possible. Often the fees are so high that it is difficult to make a profit. The costs can even eat up the invested assets in a very short time.

Therefore, be sure to pay attention to the costs! The trading fees of the online broker must be available to everyone. The transparency of the cost structure is also stipulated in the legal rules and regulations.

If there is a violation, the provider’s licence can be revoked.

What to do in case of losses with Bit Limited Company?

In the event that you have already made deposits with Bit Limited Company and now want to reclaim them, there are various approaches.

  1. If there is a suspicion that the accounts into which our clients have deposited money are part of a money laundering scheme, these bank accounts can be blocked. Transfers to these bank accounts can then be reclaimed from the receiving bank.
  2. If an examination by our lawyers would confirm the suspicion that the service provider may have acted in a dubious manner, we file a criminal complaint with the competent authorities on behalf of our client. Our law firm is in constant contact with public prosecutors who conduct nationwide investigations. Often there are many hundreds or even thousands of aggrieved investors in these proceedings. The investigations repeatedly extend to foreign countries as well. In the past, there have repeatedly been significant investigative successes by the public prosecutors’ offices.
  3. If the providers were to be arrested, claims of the investors who have suffered losses can be asserted in court proceedings. To this end, we take our clients through the so-called adhesion procedure. In this way, we are able to obtain court titles for our clients against the alleged service providers. In most cases, these can then be directly enforced against the confiscated capital of the perpetrators.
  4. As soon as no solution with the service provider is guaranteed, there is the option of submitting a complaint to the competent tax authority. This authority checks the facts of the case and can order the financial service provider to pay a refund. Our client then receives this amount of money back from the service provider. Complaint bodies can be, for example, tax authorities or the Financial Ombudsman.