Biteths Trading – On its website, the broker claims to be a financial service provider that is active in the field of cryptocurrencies. Accordingly, investors can achieve high profits.

If you have invested money with the provider Biteths Trading and now have problems with the payout, our lawyers will advise you in the entire German-speaking area.

Biteths Trading – Experiences of investors

Currently, there is a very high number of investment service providers such as Biteths Trading. This means that investing in the unpredictable financial markets has never been as easy but also as uncertain as it is today.

Especially because there are a lot of options, choosing an online platform can be time-consuming and daunting. Especially if you want it to meet your personal investment needs.

Are you thinking about investing with Biteths Trading? In this case, the following aspects are important for you as an investor.

  • An ideal address for investors who want to learn about stocks, futures, binary options and cryptocurrencies is a homepage like this one.
  • Online investing makes it easier and more affordable for investors to enter the international stock markets.
  • When trading on the internet, several types of orders can be used.

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

Biteths Trading Assessment – Indications for Legally Traded Online Trading Platforms

Investors have a wide range of investment opportunities at their disposal, with reliable and questionable service providers competing for their attention.

There are many signs that a service as well as a product does not inspire confidence, and it is significant to have a look. Here’s what details to look out for, provided you invest your hard-earned money.

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

Provided that a prospectus or information sheet approved by the German financial authority has been published in advance, share certificates and investments may also be made available to the general public.

The Federal Financial Supervisory Authority alone ensures that prospectuses are complete, comprehensible and coherent. The prospectus or the information sheet of Biteths Trading is by no means necessary in every context.

Before you invest, you should think about your sustainable expectations and check whether you have the financial means to achieve them. Do not rush the process. Before putting your money into an investment, take time to review the pros and cons. Do not make a choice promptly, even if you have consulted with others.

Do investors also feel time pressure from Biteth’s trading?

Do you feel the pressure of a tight deadline? The service provider is tempting you with a special offer, but you are under pressure to make a choice quickly?

This is not a good idea at all, because it is often a ruse. Don’t rush into a decision You can not only get serious offers now, but also invest money with Biteths Trading in the future.

To achieve their goal, rip-off artists know exactly what to do. They try hard to get as much information as they can about their target by asking clever questions. They also ask about the other person’s condition, for example whether he or she is alone at home or whether he or she has financial means at home.

In addition, they use a “wait and see” method to tire out the person. They can keep their counterpart on the phone for a very long time until he or she agrees to go to the bank and hand over money and other valuables to the fraudsters.

In one of these scams, the injured party is put under pressure to meet a deadline. With this tactic, the aggrieved party is misled into not paying attention to his own vigilance.

New support scams use the same formula. Since the contacted person’s computer is allegedly attacked by a particularly complicated computer virus, the callers, who presumably work on behalf of Microsoft or such a company as Biteths Trading, demand urgent payment for a maintenance contract in English with an Indian accent.

The criminals maximise the pressure, in the way that they threaten the targeted persons to make them pay if their computer is infected and transmits the infections.

What is a pyramid scheme?

A Ponzi scheme, or Ponzi scheme, is a type of capital fraud. In it, assets are pooled from new investors and next used to pay out capital to the former victimised individuals.

The organisers of Ponzi schemes usually assure you that they will invest your capital and reap substantial profits without putting your assets at risk. Yet, in many Ponzi schemes, the lawbreakers do not actually invest the assets they receive.

Instead, it is used to pay off people who previously paid in. This allows the perpetrators to keep some of the funds for themselves. So pay attention to the risk-reward ratio in all investments – including Biteth’s trading.

Ponzi schemes need a continued inflow of fresh money to keep running, as they have minimal or no real revenue. Many of these systems fail when it becomes complicated to generate fresh money investors or when a considerable number of investors drop out.

In the event that you wish to invest capital with a service provider such as Biteths Trading, you should always act with caution.

Signs you should look out for include:

  • Is there a problem with the documentation? If there are errors on your account statement, this may be a clue that your assets are not being invested according to plan.
  • Risk-free returns with little or no volatility. Every deposit carries a certain amount of 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 get distributed, you should be on your guard. The operators of pyramid schemes are probably trying to encourage participants to stick it out with the promise of even higher monetary gains if they don’t withdraw money.
  • Tactics that are hard to spot. Keep your money out of the stock market if you don’t know enough about it.

Broker charges taxes and additional transactions?

Consumers are very often wooed by a “broker” or call centre representative the moment they set up an account on what appears to be an online trading platform. The aim is to encourage the investor to increase their permanent investments in order to maximise profits. This is also a legitimate initial goal of the online broker Biteths Trading.

Shortly after the customer has deposited his capital, the first profit developments are likely to be displayed on his user account. This is to encourage the investor to continuously invest in the financial instrument.

The platform operators, on the other hand, can use fraud software to simulate fake account movements and earnings without the consumer being aware of this.

Make sure that accounts can be verified equally with Biteths Trading.

In reality, no trading takes place on several platforms. Rather, the deposited capital is transferred by the fraudsters to accounts outside Germany’s borders. This is not initially registered by the investors.

The “financial service providers” postpone the payout of the stated profits by demanding payment of allegedly due taxes and processing costs from the investors. These tricks only serve the purpose of increasing revenue.

At some point, communication breaks down altogether. The capital paid has been used up. From this point on, the only option is to go to a lawyer to take further steps.

What commission payments can be incurred in online trading?

Before investing with Biteths Trading, find out how much of your investment will be used to cover costs such as fees and commissions. This is a good time to examine the details provided by the service providers in detail!

Investors must be notified of all fees payable and how they affect the profit margin of investment service providers. In addition, the remunerations must be presented separately.

In the event that you request a presentation of the individual fees, the financial service providers are obliged to provide you with this information.

A provider like Biteths Trading is usually interested in as many transactions as possible for understandable reasons. Often the costs are so exorbitant that it is difficult to make a profit. The fees can even eat up the invested money in a very short time.

Therefore, be sure to take the costs into account! The trading fees of the online broker must be publicly visible. The transparency of the cost structure is also stipulated in the official rules and regulations.

If there is a violation, the service provider’s regulatory approval can be revoked.

Repayment of investments with Biteths Trading: Increase your chances

If you have already made deposits with Biteths Trading and now want to reclaim them, there are different approaches.

  1. Often, a solution can be worked out with the provider itself. We can always reach out-of-court settlements with the providers. Our clients then get back their entire investment or a share of it.
  2. If there is a suspicion that the money accounts to which our clients have transferred money are part of a money laundering scheme, these money accounts can be blocked. Payments to these accounts can then be reclaimed from the receiving bank.
  3. If no solution to the problem can be found with the service provider, a complaint can be filed with the responsible authority. The authority will review the situation and may order the service provider to pay compensation. Our client will then be reimbursed the amount by the provider. Addressees for complaints can be, for example, tax authorities as well as the Financial Ombudsman.
  4. If an evaluation by our lawyers would confirm the suspicion that the service provider may have acted dishonestly, we file a complaint for our client with the responsible investigative authorities. The Herfurtner law firm is in constant dialogue with public prosecutors who conduct investigations throughout Germany. In most cases, there are many hundreds or even thousands of aggrieved investors in these criminal proceedings. The investigations regularly extend to countries outside Germany’s borders. In the past, the public prosecutor’s offices have repeatedly achieved important successes.
  5. Should the perpetrators be arrested, claims by the investors who 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 in a position to obtain court titles for our clients against the perpetrators. As a rule, these can then be directly enforced against the confiscated capital of the perpetrators.