Coinclick – The alleged financial service provider Coinclick presented itself as an online broker on its homepage, which is currently no longer accessible.

At the same time, the Financial Services and Markets Authority addressed the provider in one of its warnings. According to this, the operator of the trading platform might lack the authorisation to offer financial services.

If you have invested with the broker Coinclick and are now facing complications with your payout, our lawyers can help you nationwide.

Coinclick – How should the online broker be rated?

Currently, there is an enormously high number of investment service providers such as Coinclick. Thus, it has never been as easy but also risky as today to invest in the volatile financial markets.

Especially because there are several options, choosing a provider can be time-consuming and intimidating. Especially if you want it to match your particular investment ideas.

Have you already invested with Coinclick? Then the following points are relevant for you as an investor.

  • State-regulated online brokers, secure provider websites, fees and bonuses, product options and ratings are just some of the aspects you would have to consider when making your final decision.
  • When trading on the World Wide Web, a large number of order types can be used.
  • A good place to start for investors who want to learn about stocks, futures, binary options and cryptocurrencies is a web site like this one.
  • Access to the world’s financial markets is made easier and more affordable for investors through online investing.

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

Risks of loss when trading online – also with Coinclick?

Just as the stock exchange and other financial markets are exposed to certain risks, online trading is equally vulnerable.

As an investor, you should therefore check Coinclick with regard to the following topics:

  • The risks of online security
  • Dangers that may be associated with the corresponding offer, such as possible losses
  • Financial service providers that are dubious
  • Insufficient knowledge about the product

Minimise the risk by ensuring that you have a proven track record when choosing a provider. In this context, it is also essential that you are assured of secure money management. Only in this way can you move in the online trading world with some degree of security.

Traders who have a deft hand can certainly profit from this, and their profits may be large.

Provided they have the appropriate approach. One thing should be clear to anyone starting out in trading: The danger of losing more investments than have been deposited into the account of the broker Coinclick when trading on the stock exchange always exists.

Does Coinclick contact you by fax?

Have you ever received investment offers by e-mail from a financial service provider like Coinclick that you are not familiar with? Do you receive fax messages from the stock exchange that you have in no way requested? Or have you received a supposed “insider tip”?

Investors should beware of such tips, because they are often spread by dubious groups or companies that want to profit from a false success story by selling securities.

Cases have also become known in which consumers are consulted by a supposed stock exchange supervisory authority.

It is erroneously pretended that the people written to have become victims of a fraud and that the personal data have been passed on to the stock exchange supervisory authority by the alleged Federal Public Prosecutor’s Office in Karlsruhe. The persons written to are asked to fill out an Internet form.

This is an obvious attempt at fraud. In any case, we advise against contacting such a person or revealing personal data such as user names, passwords, credit card numbers or other identifying information such as your account data at Coinclick.

Unauthorised investment orders – protect yourself

Placing orders for securities transactions without the account holder’s consent can, in individual cases, lead to a sudden increase in the price of certain shares.

This applies in particular to open market transactions in illiquid foreign shares (over-the-counter market). You should therefore remain cautious if you are asked to disclose sensitive data about the investment at Coinclick completely without your permission with reference to seemingly lucrative transactions or profit announcements.

You should not provide your International Bank Account Number, SWIFT code and other bank codes to anyone you do not know at any time. Similarly, you should not disclose your account or deposit numbers or passwords.

Do not give custody account documents or securities statements from Coinclick to a third party you do not know. Callers posing as investment advisers, brokers or employees of a financial authority are also unpredictable.

Recognising reputable cybertrading providers

The usual investment fraud is carried out using well-known methods such as advertising, “cold calling” or stock market letters.

When it comes to conducting fraud, the outdated method is fast becoming obsolete in the online age. The new type of financial fraud can be described as “cybertrading”. Investment products are traded fraudulently via the World Wide Web.

Unfair investments include investment products such as contracts for difference and virtual money. Even Coinclick’s offerings have been used by other service providers in a similar way to trap investors.

Investors increasingly inform themselves about investment opportunities on the web. In this way, people rely on their own knowledge or on the suggestions of others in weblogs, forums and other online platforms when making decisions.

The transition to increasingly different financial instruments has no lasting effect on the unlawful activities in terms of organisational structure. Since the criminal gangs rely on already existing and widely recognised infrastructures, there is no need to change to a new “business model”. Regardless of the financial instrument being traded, the process of cybertrading is largely identical.

These financial instruments are aggressively advertised on social media or with affiliate marketing. This revolves almost exclusively around the illustration of enormously high returns. Determine the probability of achieving high profits with Coinclick before investing capital.

Beware of contracts that do not leave any exit alternatives

Make sure you know when and how much money will be paid back to you. Ideally, avoid longer-term contracts that cannot be cancelled early or where you would experience significant monetary losses.

Only enter into long-term contracts with no early cancellation option with financial service providers such as Coinclick whose reliability you have no doubts about.

Even if you have the option to waive a contract at any time or to terminate it over an agreed period, you should be sceptical. Even if these options do exist, you still remain vulnerable to monetary damages. Make sure you know exactly how much capital you will get back if things go wrong.

For transactions in shares, the provision below counts:

Before the end of the term, find out what options are available to you to get rid of securities.

It is usually important to be aware of whether there is a liquid market for products such as those provided by Coinclick.

It is possible to sell shares through a broker or financial institution. All 3 methods are legal for placing a sell order. The actual selling process is then carried out via a stock exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks).

Order supplements can be used to control the execution of the order in advance. The sale of the share certificates takes place at a date and place determined by you.

Money back from Coinclick: Increase your chances of success with the support of lawyers

Investors who have suffered losses with a company like Coinclick, or who encounter difficulties in having their profits paid out, should first of all refrain from making further payments. In that case, it is advisable to seek legal advice from a lawyer and have him look into all options to recover your money.

It is important:

  1. react quickly
  2. do not lose hope
  3. seek legal support

Do you have questions about the provider Coinclick? In this case, our legal advisors are at your disposal.

Feel free to contact us to discuss Coinclick.