Bitcore Exchange – the company describes itself on its own website as a trading platform. Bitcore Exchange offers its clients various services. If you have invested with Bitcore Exchange and there are problems with the payout, the lawyers of the Herfurtner law firm are there to help you in word and deed.

Bitcore Exchange – How should the online broker be rated?

Currently, there is an extremely high number of providers such as Bitcore Exchange. As a result, investing in the volatile financial markets has never been as easy but also as risky as it is today. Especially because there are a lot of opportunities, choosing an online platform can be time-consuming and frustrating. Especially if you want it to suit your particular investment needs. Are you considering investing with Bitcore Exchange? Then the following points are important for you as an investor.

  • In the field of online trading, a variety of order types can be used.
  • A very good place to start for investors who want to learn about stocks, futures, binary options and cryptocurrencies is an online presence like this one.
  • Licensed brokers on the internet, reputable platforms, costs and bonuses, offer options and reviews from customers are just exemplary aspects that you would need to factor in when making your final choice.

The following statements are basic recommendations for investors – regardless of the platform in which you invest money.

General risks and dangers of online trading on sites like Bitcore Exchange

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

  • The dangers of online security
  • Dangers associated with the offer, for example possible losing trades
  • Insufficient knowledge of the product
  • Disadvantages arising from careless or incompetent trading
  • Providers who are unreliable

Reduce risk by looking for a proven track record when choosing a financial services provider. In this context, it is also important that you are assured of reliable money management. This is the only way you can be reasonably safe in the internet trading arena. Investors who have a deft touch can certainly make a living from it, and their profits are potentially high.

Provided they have the ideal tactics. There is one thing that everyone who starts trading should be aware of: The threat of losing more assets trading on the stock exchange than have been deposited into the Bitcore Exchange broker’s bank account is always there.

Is there trial investment with Bitcore Exchange?

Does Bitcore Exchange persuade you to try out investments with a smaller sum? You cannot find any information about the service provider because it is supposedly a new company with exciting business ideas? There is a good chance that the “insider” advice is a scam. After a very short time, the online broker will make you understand that your investment was an enormous success and ask you to increase your investment.

The success of your trial investment may make you want to make more investments. Here are some examples of dubious investment tips:

  • “With just five minutes of your time you can become a billionaire”
  • “5-star stock with a profit share of 47.88%”
  • “With the fully automated share profit method you will make 3500.00 Euros per calendar month!”

Anyone who promises too much, and that too unsolicited, is rarely serious! But also check which guarantees and offers are presented to you by the broker Bitcore Exchange.

Pump & Dump: How does the scam work?

The term pump and dump is used to explain a procedure in which the market price of a share is unnaturally inflated by insiders. Afterwards, the same share is sold at a loss to the other investors. This is therefore a fraud. A fraud that profits from the ignorance of small investors and stock market novices. This tactic is therefore prohibited in a controlled securities market and for companies like Bitcore Exchange.

The crypto market, on the other hand, is still almost completely “Wild West” as far as these same tactics are concerned. For this reason, extreme vigilance is essential! Pump-and-dump scams are more common there in connection with the so-called altcoins. The pump-and-dump scam is used by criminals to inflate the value of an unknown or even independently created currency.

They achieve this by propagating misinformation on the World Wide Web or social media, or by recruiting fellow investors with unreasonable profit expectations. So make sure that the Bitcore Exchange provider provides you with all the necessary information on this subject, if applicable.

Problems with payouts – seek legal assistance

Investors are often wooed by a “broker” or call centre employee the moment they sign up to the apparent trading platform. The intention is to persuade the investor to increase his long-term investment in order to maximise income. This is also a legitimate goal of the provider Bitcore Exchange in the first place. Shortly after the customer has transferred his capital, preliminary profit developments may be displayed on his account.

This should encourage the investor to continue investing in the financial instrument. However, by using fraud software, the website operators can simulate false account changes and money gains without the client noticing.

Check that accounts can also be verified with Bitcore Exchange.

In reality, no trading takes place at all on many online trading platforms. Rather, the transferred assets are transferred by the fraudulent brokers to accounts abroad. This is not noticed by the investors at first. The “providers” postpone the payout of the stated earnings by demanding the payment of allegedly due taxes and commissions from the investors.

The deceptive manoeuvres only serve the purpose of increasing income. At some point, the contact breaks off altogether. The transferred capital is used up. From that moment on, the only way left is to go to a lawyer to take necessary steps.

Compare brokers: How much commission is realistic?

Before investing with Bitcore Exchange, find out how much of your investment amount will be used to cover costs such as fees and commissions. This is a good time to take a comprehensive look at the information provided by the service providers! Investors must be informed of all estimated costs and their impact on the profit margin of financial service providers. In addition, remuneration must be presented separately.

If you request a presentation of all costs, financial service providers are obliged to provide you with this information. A broker like Bitcore Exchange is normally interested in as many trading transactions as possible for understandable motives. Usually, the fees are so exorbitant that it is difficult to make a profit. The fees can even eat up the invested money in a short time. Therefore, be sure to pay attention to the costs!

The trading fees of the online broker must be publicly visible. The transparency of the cost structure is also stipulated in the official regulations and licensing. In connection with a violation, the provider’s official licence can be withdrawn.

Recover payments from Bitcore Exchange: Lawyers help

Steps must be taken as soon as possible as soon as the suspicion is confirmed that an online trading provider is not acting correctly and the risk exists that the online broker is delaying its payments. In addition to a report, which our lawyers prepare for our clients with the criminal police, and a notification to the financial authorities, the service provider should also be held accountable under applicable law, if necessary.

This involves assessing the contractually agreed claims against the online broker as well as possible chances of compensation. In the case of financial transactions, it is equally relevant to examine whether financial institutions can be held liable in the event of an error. Claims for damages against financial institutions can arise, for example, in the case of money laundering or other fraudulent activities.

However, this must be examined depending on the facts of each case. If your online broker refuses to pay, you should contact a professional law firm immediately:

  1. Tell us how long the broker has not paid for
  2. Give us the names and contact details of anyone you have been in contact with
  3. Discuss the facts of the case with our law firm via email

The Herfurtner law firm will provide you with a free initial assessment in connection with Bitcore Exchange. We will also let you know at short notice whether we think you have a realistic chance of recovering your losses.