Citidcp – The alleged financial service provider Citidcp presented itself as an online broker on its website https://www.citidcp.com/, which is currently no longer accessible.
You have invested with Citidcp and want your money back? The Herfurtner law firm will help you in case of difficulties.
Citidcp – customer-oriented online broker?
There are currently a very large number of investment service providers such as Citidcp. Thus, it has never been as easy but also as uncertain as today to invest in the volatile financial markets. Especially because there are so many options, choosing a provider can be time-consuming and challenging. Especially if it is to meet your investment requirements. Have you already invested with Citidcp? Then the following points are important for you as an investor.
- When trading on the World Wide Web, you can use a large number of order types.
- Access to the global financial markets is made easier and more interesting for investors through online investments.
- An optimal address for investors who want to learn about shares, futures, binary options and cryptocurrencies is a website like this one.
The following are general tips for investors – regardless of the platform you invest in.
Evaluate Citidcp correctly: How do I recognise trustworthy trading service providers?
The following thoughts should be considered when looking for options to invest your money online:
- In Germany, the imprint must include an address, the contact details of an authorised representative of Citidcp and a telephone number.
- Look for an imprint on the provider’s online presence. If this is not the case, it means: Hands off! However, you should also bear in mind that an imprint can be faked.
- It can be very helpful to find out what other consumers say about a potential service provider, even if it is only on the net.
- Quality seals are often used by fake shops to suggest that they are reputable. To see if a hyperlink leads to the website of the cachet and if the shop is also mentioned there, click on the picture of the cachet. It is quite possible that the website provider has simply copied the quality seal from another website and transferred it to his own website without the certification that is usually required.
Unique development potential with the provider Citidcp?
Assess how reputable Citidcp’s offer is. Is the interest rate you have been offered particularly high? Can you earn a lot of money with a few €? These offers are usually nothing more than misleading. Be sure that there are often lawbreakers hiding behind these tempting offers. As a rule, not the least is invested in these investment offers.
Check how honest the offer from Citidcp is. Scams are often carried out by tricksters in a similar way. Investment products that are supposedly lucrative are announced in prominent places on the WWW. The criminals claim that they will get a lot of money. At the beginning, the investment amounts are reasonably low. All those who register are consulted by a fictitious online broker or securities trader.
The victims of the scam then get access to a supposed investment software after depositing the money. Dubious offers can also be identified by promises of returns that are considerably higher than the market average. An investor’s risk of losing investments also increases with Citidcp in direct proportion to the expected profit margin. One opportunity to find out about normal market returns is the business sections of daily newspapers or the homepage of the Deutsche Bundesbank.
Similarly, you should take tips for companies with exceptional growth potential with a grain of salt. Low prices and minimal trading volumes make penny stocks, for example, extremely vulnerable to speculation and manipulation.
What does pump & dump mean?
The term pump & dump is used to explain a situation in which the value of a stock is unnaturally inflated by insiders. The same share is then sold at a loss to the other investors. This is therefore a fraud. A trickery that profits from the naivety of small investors and stock market novices. This tactic is illegal for this reason in a controlled securities market and for companies like Citidcp.
The crypto market, however, is still by and large the “Wild West” when it comes to such tactics. For this reason, extreme vigilance is essential! Pump-and-dump scams are more common there in connection with the generally so-called altcoins. The pump and dump scam is used by criminals to drive up the market price of an unknown or possibly independently created currency.
They achieve this by spreading disinformation on the internet or social media or by luring co-investors with unreasonable profit expectations. So make sure that the provider Citidcp provides you with all the necessary information on this complex of topics if you wish.
Online Trading Platforms: Learn to recognise reputable service providers
A variety of capital goods exist on fraudulent provider websites, which are aggressively advertised in internet forums and social networks to lure investors. In addition, “network 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 create an account with the trading platform – such as Citidcp.
Then the perpetrators contact the investor via a call centre and try to convince him to invest large sums of money. The positive attitude of investors towards cybertrading is partly reinforced by the desire for future profits. Clients are more willing to invest in the future if they see exactly the kind of results they want. At this stage, investors are fooled by a manipulated trading algorithm about the true trend in stock market data and prices.
Citidcp does not necessarily belong to this category. The masterminds use their own unilaterally determined price values to calculate profits. This means that the financial service provider has complete control over whether a profit is made or not. Until the supposed profits are paid, this rip-off continues. If the investor wishes to receive the payout, the buyers suddenly no longer have access to their accounts and the direct contact persons associated with them.
The majority of investors lose all their capital invested in this illegal trade, forcing them to seek legal advice.
Get out of contracts: Make a point of price transparency
Find out when and how much money you will be paid back. It is best to avoid long-term contracts that cannot be terminated early or where you would suffer immense monetary losses. Only enter into long-term contracts with no early termination option with investment service providers such as Citidcp, whose credibility you have no doubts about.
Even if you have the chance to waive a contract at any time or to terminate it over a specified period, you should be critical. Even if these options do exist, you are still vulnerable to monetary damages. Make sure you know in detail how much money you will get back if the investment goes wrong. The provision below applies to securities transactions: Before the end of the contract period, find out what options are open to you to sell off a security.
It is often crucial to know whether there is a liquid market for services such as those provided by Citidcp. It is possible to sell shares through an online broker or a financial institution. All three options are legal for placing a sell order. The actual selling process is then carried out 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 from the outset.
The sale of the securities takes place at a time and place determined by you.
Money back from Citidcp: Increase the chances of success with assistance from the Herfurtner Law Firm
Measures must be taken as soon as possible if the suspicion is confirmed that a provider does not work seriously and the danger exists that the broker delays his repayments. In addition to a report, which our law firm prepares for our clients with the police authority, and a notification to the financial supervisory authority, the broker should possibly also be held legally responsible.
This involves assessing the contractual claims against the operator of the trading platform as well as any chances of compensation. In the case of monetary payments, it is also important to check whether banks can be held liable in the event of an error. Claims for compensation against banks may exist, for example, in the case of money laundering or other fraudulent activities.
However, this must be examined on a case-by-case basis. If your broker delays the distribution, you should contact a professional law firm immediately:
- Describe your case to our lawyers in an email
- Give us the names and contact details of all the people you have spoken to
- Tell us how long the broker has been refusing to make a distribution
We will give you a free initial assessment in connection with Citidcp. We will also let you know as soon as possible whether we believe you have a realistic chance of recovering your losses.