Concept Trading – The investment service provider is, according to information provided on the website of the provider, a provider for online trading where clients can make use of various services. Accordingly, Concept Trading takes care of trading in forex, indices, stocks and commodities.

You encounter problems with the payout of your investment? Our lawyers can help you with claims against Concept Trading.

Concept Trading – Experiences of investors

Currently, there is a very high number of online trading platforms such as Concept Trading. As a result, investing in the unpredictable financial markets has never been as easy but also risky as it is today.

Precisely because there are a large number of options, choosing an online broker can be time-consuming and frustrating. Especially if it is to meet your personal investment needs.

Have you already invested with Concept Trading? Then the following aspects are relevant for you as an investor.

  • Online investing makes it easier and more affordable for investors to enter the global stock markets.
  • A very good place to start for investors who want to learn about stocks, futures, options and cryptocurrencies is a website like this one.
  • When trading online, you can use a large amount of order types.

The following statements are general tips for investors – regardless of the platform you invest capital in.

Concept Trading: Is it a reputable provider?

Investors have a wide range of investment opportunities to choose from, with professional and questionable providers competing for their favour.

There are many signs that a service or product is not trustworthy, and it is important to keep an eye out. Here’s what to look out for when investing your hard-earned assets.

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

Assuming that a prospectus or information sheet approved by the Federal Financial Supervisory Authority has been published in advance, trading papers and investments can equally be made available to the general public.

The Federal Financial Supervisory Authority alone ensures that prospectuses are complete, plausible and logical. Concept Trading’s prospectus or information sheet is not necessary in every circumstance.

Before investing money, it is advisable to think about your long-term expectations and check whether you have the actual means to achieve them. Do not rush the process. Before putting your capital into an investment, take time to weigh the pros and cons. Do not make a choice immediately, even if you have consulted with others.

Assess realistic profit promises and confidently evaluate service providers such as Concept Trading

Check how serious Concept Trading’s offer is. Is the interest rate you were offered exceptionally high? Can you get a large amount of money with a few EUROs?

These special offers are for the most part nothing more than a deception. Be sure that there are often swindlers hiding behind these tempting opportunities. As a rule, nothing at all is invested in these investment offers. Therefore, assess how serious the offer from Concept Trading is.

Scams are often carried out by tricksters in a similar way. Investment products that are supposed to be profitable are announced in a prominent position online. The criminals assure that they will earn a lot of capital. At the beginning, the investment amounts are relatively small.

Those who sign up are consulted by a fictitious stockbroker or securities broker. The victims of the scam then get access to an alleged investment software after paying the money.

Dubious special offers can also be identified by promises of returns that are significantly above the market average.

An investor’s risk of losing assets also increases with Concept Trading in direct proportion to the expected profit margin. One chance to find out about the usual market returns is the business sections of the daily newspapers or the web presence of the Deutsche Bundesbank.

Similarly, take advice on companies with exceptional potential for growth with a grain of salt. Low prices and minimal trading volumes make penny stocks, for example, particularly vulnerable to speculation and manipulation.

Unauthorised orders? Trusted service providers never trade without your consent

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

This applies in particular to open market transactions in illiquid foreign securities (over-the-counter market). Therefore, be sceptical if you are asked to disclose personal data about investing with Concept Trading without your consent, citing supposedly rewarding trades or profit announcements.

Under no circumstances should you pass on your IBAN, BIC and other bank codes to someone you do not know. Nor should you disclose your account or custody account numbers and passwords.

Do not hand over any custody account documents or securities statements from Concept Trading to someone you do not know. Callers posing as financial advisors, brokers or employees of a financial authority are also dangerous.

Authorities warn of dangers in cybertrading

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

When it comes to fraud, the outdated approach is quickly becoming obsolete in the online age. The new type of financial fraud can be described with the term “cybertrading”. Investment products are traded dishonestly via the World Wide Web.

Fraudulent investments include financial products such as contracts for difference and cryptocurrencies like Bitcoin & Co. Even the services of Concept Trading have been used by other providers in a similar way to hoodwink investors.

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

The shift to increasingly different financial instruments has no lasting effect on the law-breaking activities in terms of gang structure. Since the mafia gangs rely on already existing and widely accepted infrastructures, there is no need to adapt to a new “business model”. No matter which financial instrument is traded, the process of cybertrading is almost congruent.

These financial instruments are aggressively advertised on social media platforms such as Facebook or with affiliate marketing. In this context, it is almost all about showing astronomically high profits. Determine the probability of earning high profits in concept trading before investing capital.

Lost investments & received unsolicited offer of help shortly afterwards?

Anyone who has ever lost money through a fraudulent investment platform knows how disastrous that can be. That alone is bad enough. But on top of that, the criminals behind the bogus entity contact you by email or phone call within a very short time.

This time, however, they do not pretend to be brokers from Concept Trading. Instead, they promise to help recover the lost money for a fee. Many rip-off artists even seem to have been hired or instructed by trustworthy companies such as a financial regulator.

After stealing your sensitive data, the scammers usually pose as good Samaritans. They promise to assist you in recovering the stolen money. Even if you have invested money with a service provider like Concept Trading, your data may be stolen.

Anyone who has lost a large amount of money is predominantly desperate. The criminals take advantage of people’s concern by calling themselves “recovery” companies. They offer their services under the pretext of helping them get their assets back. That is, they guarantee in a dubious manner that they will get back the capital they lost.

Losses with Concept Trading – What you can do

In order to be able to assess whether you have a repayment claim against the service provider Concept Trading, it is always necessary to examine the individual case. The lawyers of the Herfurtner law firm will do this for you as part of a free initial consultation.

The starting point for this examination is always the facts of the case as described by you. In addition, similarities can often be drawn with similar cases. You therefore benefit from the extensive experience of our lawyers.

After the complete evaluation of all documents and the legal classification, the approach is first and foremost directed against the provider Concept Trading itself, should corresponding breaches of duty be verifiable. In order to be able to prove these breaches of duty, the contract documents, the e-mail communication and, if necessary, additional documents must be analysed.

Furthermore, licensed online trading service providers are also obliged to make and keep telephone records of conversations with investors. Demanding the release of those records and the subsequent analysis is also a sensible and indispensable step in enforcing your claims.

With the help of this evidence, investors’ claims can be enforced both in out-of-court and in court proceedings.

The financial institutions and crypto exchanges that are on the receiving end should also be focused on here. Due to the fact that the sums of money involved are very often considerable, the question arises again and again as to whether the institutions have fulfilled their duties to provide information and their obligations under the Money Laundering Act. It is not possible to make a general statement in this regard; rather, the case of the individual must be examined.

The same applies to the beneficiary on the receiving side, who is often not equivalent to the service provider itself. Under certain conditions, it is also the latter who is to be held liable if breaches of duty can be proven.

After civil law options have been exhausted, there is still the option of proceeding under criminal law if the initial suspicion of an illegal act is substantiated. This requires contacting law enforcement agencies at home and abroad and coordinating further measures.

In the meantime, many federal states have set up special units for the topics of online fraud and crypto trading. The lawyers of the Herfurtner law firm are in constant contact with these units.

Our lawyers know that web hosts also provide useful information on the domain owner. However, contacting the providers, who are often located outside of Germany, is extremely difficult for the layman.

In addition, financial authorities in Germany and abroad are useful sources of information for injured parties.

Apart from the complaint against the respective service provider, which should protect other possible consumers from investments, further information can probably be obtained via the financial supervisory authorities as sources of information.

In many cases, this information makes it possible to network investigative proceedings in Germany, Austria and Switzerland.