CryptoFXpro – The apparent investment service provider CryptoFXpro presents itself on its website as an online broker in the areas of Frey, cryptocurrencies and shares. You encounter problems with the payout of your investment? Our lawyers will help you with claims against CryptoFXpro. BCSC advises caution with warning message dated 26/10/2022.

CryptoFXpro – Reviews

Currently, there exists an extremely high number of providers such as CryptoFXpro among others. This means that it has never been so easy, but also risky, to invest in the unpredictable financial markets. Especially because there are many options, choosing a financial service provider can be time-consuming and challenging. Especially if you want them to meet your personal investment needs.

Are you considering investing capital with CryptoFXpro? Then the following points are relevant for you as a capital investor.

  • Access to the international financial markets is becoming more convenient and affordable for investors through online investing.
  • In the online trading area, you can choose from numerous order types.
  • An ideal address for capital investors who want to inquire about shares, futures, binary options and cryptocurrencies is a website like this one.
  • Licensed brokers on the internet, trustworthy providers, costs and brokerage fees, product options and reviews from customers are just some of the features you need to include in your final decision.

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

Evaluate trading offers from CryptoFXpro in advance

You should keep the following thoughts in mind when you are looking for opportunities to invest your assets online:

  1. It can be very useful to ask what other consumers are saying about a potential provider, even if it is only on the internet.
  2. In Germany, the imprint must include a postal address, the contact details of an authorised representative of CryptoFXpro and a telephone number.
  3. Financial service providers such as CryptoFXpro must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). BaFin’s company database contains information on approved service providers.
  4. Quality seals are often used by fake shops to suggest that they are reputable. To see if a link leads to the homepage of the quality seal and if the shop is also mentioned there, click on the picture of the seal. It is quite possible that the website provider has simply copied the quality seal from another homepage and transferred it to his own homepage without the appropriate certification.
  5. Look for an imprint on the provider’s website. If this is not the case, you should: Hands off! But also bear in mind that an imprint can be faked.

CryptoFXpro: Are the promised returns genuine?

Check how confidence-inspiring the offer from CryptoFXpro is. Is the interest rate you have been offered extremely high? Can you get a large amount of money with a few EUROs? For the most part, these offers are nothing more than a deception. Be sure that very often fraudsters are hiding behind these tempting opportunities. As a rule, nothing at all is invested in these investment offers. Check accordingly how trustworthy the offer from CryptoFXpro is.

Scams are often implemented by con artists in a similar way. Financial products that are supposedly profitable are advertised in prominent positions on the WWW. The perpetrators claim that they will receive a lot of capital. At the beginning, the investment amounts are relatively low. Those who register are contacted by a fictitious broker or trader. The victims of the scam are then given access to an apparent investment software after paying the money.

Dubious offers can also be identified by promises of returns that are noticeably above the market average. The risk of an investor losing money also increases with CryptoFXpro in direct proportion to the expected margin. One option for finding out about normal market returns is the business sections of newspapers or the website of the Deutsche Bundesbank. Likewise, you should treat recommendations for companies with exceptional potential for growth with caution.

Low costs and very low trading volumes make penny stocks, for example, extremely vulnerable to speculation and manipulation.

Unauthorised orders? Trustworthy online brokers never act without your consent

Placing orders for securities transactions without the account holder’s consent can sometimes lead to a jump in the price of particular stocks. This applies in particular to open market transactions in illiquid foreign securities (over-the-counter). Therefore, be cautious if you are asked to disclose sensitive data about the investment with CryptoFXpro entirely without your permission, citing apparently profitable trades or profit announcements.

You should not provide your IBAN, BIC and other bank codes to anyone you do not know at any time. Likewise, you should not disclose your bank account or custody account numbers and passwords. Do not hand over custody account documents or securities statements from CryptoFXpro to anyone you do not know. Callers posing as investment advisors, brokers or financial regulatory staff are also dangerous.

Broker refuses to pay out? Act quickly & contact legal advice

Consumers are often wooed by an “online broker” or call centre representative after they sign up on the purported trading platform. The intention is to persuade the investor to increase their long-term investments in order to maximise profits. This is also a legal goal of the online broker CryptoFXpro. Shortly after the investor has transferred his money, the first profit developments may be presented on his account.

This should motivate the investor to constantly invest in the financial product. The operators of the trading platform, on the other hand, can use fraud software to simulate improper account changes and profits without the customer noticing.

Make sure that the accounts can also be authenticated at CryptoFXpro.

In reality, no trading takes place on various online trading platforms per se. Instead, the deposited assets are transferred by the fraudulent brokers to accounts outside Germany’s borders. This is not registered by the buyers at first. The “online brokers” put off the payout of the reported monetary gains by demanding payment from the investors of what appear to be taxes and processing costs. These scams only serve the purpose of increasing profits.

At a certain point, communication breaks down completely. The money invested is no longer there. From that moment on, the only thing left to do is to go to a lawyer to launch necessary steps.

Detect Recovery Scam: The rip-off after the investment scam – protect yourself

Anyone who has ever lost money to a fraudulent investment platform knows how fatal that can be. That alone is bad enough. But in addition, the rip-off artists behind the bogus entity contact you within a manageable time by e-mail or phone call. This time, however, they do not pretend to be CryptoFXpro online brokers. Instead, they guarantee to help recover the lost capital for a fee.

Many scammers even appear to have been hired or entrusted by reputable organisations such as a financial regulator. After stealing your personal data, the perpetrators usually pose as good Samaritans. They guarantee to help you recover the stolen money. Even if you have invested money with a service provider like CryptoFXpro, your contact information may be stolen. Those who have lost a large amount of money are usually desperate.

The criminals take advantage of people’s desperation by calling themselves service providers for the recovery of funds. They offer their services under the pretext of assisting them to recover their assets. In other words, they assure in a dubious manner that they will get back the lost capital.

Payout from CryptoFXpro not made? Call in a law firm quickly

Action must be taken as soon as the suspicion is confirmed that an online trading provider is not acting seriously and the danger exists that the online broker will not pay out its profits. In addition to a criminal complaint, which our lawyers file with the police on behalf of our clients, and a notification to the financial supervisory authority, the provider should possibly also be held accountable under applicable law.

This will involve an assessment of the contractual claims against the provider and any compensation options. In the case of monetary payments, it is also important to check whether financial institutions can be held liable in the event of an error. Claims for damages against banks may exist, for example, in the case of money laundering or other unlawful activities. However, this must be examined depending on the context at hand.

If your online broker refuses to pay out, you should therefore contact a reliable law firm immediately:

  1. Let us know how long the provider has not paid you
  2. Send an e-mail to our law firm outlining the facts of the case
  3. Give us the names and contact details of all the people you have been in contact with

Herfurtner Law Firm will give you a non-binding initial assessment in connection with CryptoFXpro. In addition, we will let you know at short notice whether we think you have a good chance of recovering your losses.