Blix24 LLC – According to information found on the website of the provider https://www.blix24.com/, the broker is a service provider for online trading, where customers can take advantage of various services. Accordingly, Blix24 LLC takes care of trading in forex, shares, commodities and cryptocurrencies.
If you have invested money with the investment service provider Blix24 LLC and now have problems with the repatriation, our lawyers will be happy to help you.
Blix24 LLC – FMA advises caution
Currently, there is an extraordinarily high number of investment service providers such as Blix24 LLC. Thus, it has never been as easy but also risky as now to invest in the unpredictable financial markets.
Precisely because there are a large number of opportunities, choosing a broker can be time-consuming and daunting. Especially if it is to suit your personal investment plans.
Are you considering investing with Blix24 LLC? Then the following points are relevant for you as an investor.
- A very good address for investors who want to learn about stocks, futures, options and cryptocurrencies is a website like this one.
- Authority-regulated brokers on the internet, reputable provider internet sites, fees and commissions, product options and reviews from customers are just some of the considerations you need to factor in when making your final choice.
- Online trading offers a wide range of order types to choose from.
- Access to global stock markets is becoming more convenient and affordable for money investors through online investing.
The following information is basic advice for investors – regardless of the platform you invest capital in.
Keep the overview – correctly assess service providers like Blix24 LLC
There is a wide range of investment options available to money investors, with reputable and questionable service providers competing for their attention.
There are many indications that a service or even an offer is not reliable, and it is relevant to have a focus on this. At this point, you will learn what you need to focus on as soon as you invest your hard-earned money.
Banking, financial services and insurance companies such as Blix24 LLC are only allowed to operate in the FRG with state authorisation. The companies have received authorisation, but this does not mean that the services sold are of excellent quality.
If a prospectus or information sheet approved by BaFin has been published in advance, shares and investments can also be made available to the general public.
BaFin’s sole responsibility is to ensure that prospectuses are complete, comprehensible and logical. The prospectus or information sheet of Blix24 LLC is by no means necessary in every context.
Before investing capital, you should consider your sustainable plans and whether you have the monetary means to achieve them. Do not rush the process. Before putting your capital into an investment, take time to look at the pros and cons. Do not make a choice immediately, even if you have consulted with others.
Blix24 LLC: Bank transfers to accounts abroad?
Is it advantageous for you to transfer money abroad? Pay close attention to what you are doing. Countless investors have already lost assets in the process. It is possible that you lose track of where your money goes and how it is invested.
When money has been made available to a provider, it has often happened that the online broker did not invest the amount of money received as agreed or even not at all. There have also been cases where the company simply did not exist, although it presented itself in a similar way to Blix24 LLC.
Apart from the regulated financial service providers, there are countless dubious online trading websites where a very similar procedure can be seen in the majority of cases. Potential investors are contacted by employees of the respective trading platform. E.g. with a phone call, if the customer has entered non-binding contact data on the trading website.
In many cases, however, they are also contacted by e-mails sent out en masse. These e-mails advertise supposedly profitable investments.
In the short term, the investor is provided with a personal online broker who instructs him on how to create a trading account and make his first investments. The investor feels well supported at the beginning and trading mostly starts with small sums.
But shortly afterwards, larger deposits are required – very often to foreign accounts. The same transfers are supposed to increase the possible profits.
Difficulties with fraudulent providers ultimately arise as soon as the investor requests a payout. This is often postponed further and further or linked to additional payments such as alleged taxes and brokerage commissions.
In the past, the rip-off artists only acted from unclear locations. Now they operate from completely different places such as the United Kingdom (including London), the Netherlands, Canada, the Kingdom of Spain, Dubai and many others.
It is challenging for many people to spot tricky scams. Institution often receive email orders with immense order volumes that are disproportionate to the usual purchase amounts. In order to lure the German company, they work with very large promises of profits.
However, the extreme order volume only serves as leverage in talks with the provider to demand correspondingly excessive admission and registration costs.
It is not always clear whether the recipient of that payment is also the client of the products. Nevertheless, it can be assumed that companies active abroad will not have to pay regional tax on deliveries to other countries for the time being. Check whether this also applies to investments with Blix24 LLC.
Pump and Dump: What is it?
The term pump and dump is used to describe a situation in which the price of a stock is unnaturally inflated by insiders. Subsequently, the same share is sold again at a loss to the remaining investors.
Accordingly, it is a fraud. A fraud that profits from the ignorance of small investors and stock market novices.
This approach is therefore prohibited in a controlled securities market and for providers such as Blix24 LLC. The crypto market, however, is still almost completely “Wild West” as far as those tactics are concerned. For this reason, extreme vigilance is essential!
Pump-and-dump scams are frequently encountered there in connection with the well-known altcoins. The pump and dump scam is used by criminals to drive up the price of an unknown or even self-created currency. They achieve this by spreading false information on the internet or social media or by recruiting co-investors with unreasonable profit expectations.
Therefore, make sure that the provider Blix24 LLC provides you with all relevant information on this topic.
How can you recognise serious cybertrading?
The classic investment fraud is carried out with known means such as advertising, telephone canvassing or stock exchange letters.
When it comes to fraud, the outdated approach quickly becomes obsolete in the online age. The new type of financial fraud can be described with the term “cybertrading”. Here, financial products are traded fraudulently via the internet.
Fraudulent investments include investment products such as contracts for difference and virtual currencies. Even the offers of Blix24 LLC were used by other providers in a similar way to lure investors into the trap.
Investors are increasingly informing themselves about investment options on the web. Thus, people rely on their own expertise or on the recommendations of others in weblogs, forums and other online portals when making decisions.
The shift to ever different financial instruments has no long-term effect on the law-breaking activities in terms of gang structure. Since the mafia-like organisations rely on already existing and widely accepted infrastructures, there is no need to adapt to a new “business model”. No matter what kind of financial product is traded, the process of cybertrading is almost congruent.
These financial products are aggressively advertised on social media or with affiliate marketing. This is almost all about illustrating enormously high returns. Calculate the probability of achieving high profits with Blix24 LLC before investing.
Exit opportunities: Clear pricing transparency is a hallmark of reputable service providers
Clarify when and how much money will be paid back. It is best to avoid long-term contracts that cannot be cancelled prematurely or where you would experience high economic losses.
Conclude longer-term contracts without the possibility of early cancellation exclusively with investment service providers such as Blix24 LLC, whose credibility you have no doubts about.
Even if you have the option to waive a contract at any time or to terminate it over a defined period of time, you should be suspicious. Even if these options do exist, you are still vulnerable to monetary damages. Make sure you know exactly how much money you will recover if the money deal goes wrong.
For securities transactions, the following rule applies:
Before the end of the term, find out what options are available to you to get rid of shares.
Most of the time it is crucial to know whether there is a liquid market for products – as offered by Blix24 LLC.
It is possible to sell share certificates through a broker or a financial institution. All three methods are approved for placing a sell order. The actual selling process is then completed via an exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks).
Order supplements can be used to direct the execution of the order in advance. The shares are sold at a time and place determined by you.
Lawyers inform about Blix24 LLC
Investors who have suffered losses with a provider such as Blix24 LLC, or who have difficulties in having their profits paid out, should first refrain from making additional payments. Afterwards, it is highly advisable to seek legal advice from a lawyer to clarify any possibility of recovering your money.
It is important:
- do not bury your head in the sand
- act quickly
- get legal support
Would you like to discuss the provider Blix24 LLC with us? In this case, our lawyers are at your disposal.
Feel free to contact us to discuss Blix24 LLC.