DollarTreats – The alleged financial service provider DollarTreats presents itself as an online broker on its own website https://dollartreats.net/#/home.
If you have invested with DollarTreats and there are problems with the distribution, the lawyers at the Herfurtner law firm are available to help and advise you.
DollarTreats – Broker reviews
Currently there is a very high number of investment service providers such as DollarTreats. As a result, investing in the volatile financial markets has never been as easy but also as uncertain as it is today.
Especially because there are so many options, choosing an online broker can be time-consuming and daunting. Especially if it is to suit your particular investment needs.
Are you considering investing money with DollarTreats? Then the following points are important for you as an investor.
- Online investing makes access to the global financial markets more convenient and interesting for investors.
- A good address for investors who want to learn about securities, futures, binary options and cryptocurrencies is a website like this one.
- State-regulated online brokers, trustworthy providers, fees and bonuses, offer options and customer reviews are just some of the considerations you need to plan for when making your irrevocable decision.
- There are many types of orders to choose from in online trading.
The following are basic tips for investors – regardless of the platform you invest money in.
Is DollarTreats trustworthy? Identifying trustworthy financial service providers for online trading
The following thoughts should be kept in mind when looking for ways to invest your money online:
- Financial service providers like DollarTreats must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). BaFin’s company database contains information about authorised service providers.
- It can be very helpful to find out what other consumers are saying about a potential service provider, even if it is only on the internet.
- Look for an imprint on the service provider’s website. If this is not the case, the message is: Hands off! However, you should also bear in mind that an imprint can be faked.
- Quality seals are often used by fake shops to pretend that they are reputable. To find out whether a link leads to the internet presence of the cachet and whether the shop is also mentioned there, click on the picture of the cachet. It is quite possible that the owner of the internet presence has simply copied the seal from another internet presence and transferred it to his own website without the correct certification.
Unsolicited telephone advertising calls from DollarTreats?
Have you received a phone call from a stranger in the past who presented you with a special offer? Under no circumstances respond to it without further investigation.
Unwanted calls are prohibited. “Cold calling” is clearly prohibited at investment service providers and similar companies such as DollarTreats.
There are also groups that claim to work for professional web trading platforms. In this way, they want to get people to give them their personal data. More often than not, you are instructed to deposit more money after your initial payment.
Phone scammers are always coming up with new ways to rob investors of their savings, cash and other valuables. A common strategy of the lawbreakers is to call the people they want to harm at inconvenient times of the day. This is, for example, very early in the morning or very late at night. Times, in other words, when they are most vulnerable.
Furthermore, the criminals pretend at the beginning of the conversation that they and the person being called are known to each other. The other possibility is to pretend that the callers are nice and polite. By doing this, the perpetrators give the person they are talking to on the phone a feeling of goodwill and trust. Check whether you are truly dealing with the company DollarTreats when you are contacted by phone.
Unauthorised orders? Trusted providers never act without your consent
Placing orders for securities transactions without the account holder’s consent can, in some cases, cause the price of particular shares to jump.
This applies in particular to open market transactions in illiquid foreign shares (over-the-counter market). You should therefore remain sceptical if you are asked to disclose sensitive data about your investment with DollarTreats without your consent, citing apparently lucrative transactions or profit announcements.
You should never provide your International Bank Account Number, BIC and other bank codes to anyone you do not know. Nor should you disclose your account or deposit numbers and passwords.
Do not give custody account records or securities statements from DollarTreats to anyone you do not know. Callers posing as financial advisors, online brokers or employees of a financial regulator are also unpredictable.
Warning Signs of Investment Fraud
Do you want to invest with DollarTreats? If so, you should find out all the relevant information about the company.
Investment fraud is a special form of fraud. The perpetrator guarantees or deceives a larger circle of people about a profitable capital investment on the capital market.
Capital investment fraud is sanctioned by a prison sentence of up to three years or a fine according to § 264a StGB.
Subsequent services and tactics may sometimes come into question as capital investment fraud:
- Boiler Room Scam, a cold call seeking investors by phone call
- Criminals use the brand name of the service provider DollarTreats and clone the company
- Unsolicited telephone advertising calls, so-called cold calling
- Shareholdings in shares, funds and certificates
Those who have fallen for investment scams have in many cases invested a lot of money. What can you do in case of investment fraud?
- Contact the police and the supervisory authority through a lawyer: There are collective police proceedings against some fraudulent companies in the Federal Republic of Germany and also in other countries. The police are authorised to have the accounts of the fraudsters blocked and the money seized. The public prosecutor’s office is also called in.
- Withdraw or contest contracts: Affected persons who have concluded a contract can withdraw or contest the said contract in the case of investment fraud.
- Assert claims for damages: People who were not properly advised can claim damages from the investment advisor.
- Reclaiming capital: If payments have been realised via the credit card, this can in many cases be reclaimed by instructing a law firm. In the case of bank transfers from the current account, this can often be recovered by bank order.
How high are the costs charged by an online broker?
Before investing with DollarTreats, find out how much of your investment amount is used to cover costs such as fees and commissions. This is a useful time to comprehensively check the info provided by the service providers!
Investors must be informed about all fees to be paid and their influence on the profit margin of financial service providers. In addition, the remunerations must be presented separately.
In case you ask for a breakdown of all costs, the providers are obliged to give you this info.
A service provider like DollarTreats is usually interested in as many trading transactions as possible for understandable motives. In many cases, the fees are so exorbitant that it is difficult to make a profit. The fees can even eat up the invested assets in a very short time.
Therefore, be sure to consider the costs! The broker’s trading fees must be accessible to everyone. The transparency of the structure of the costs is also stipulated in the official rules and regulations.
In connection with a violation, the provider’s regulatory licence can be withdrawn.
Get your money back from DollarTreats? Contact our law firm
You have invested money with DollarTreats, or a similar service provider? Now you are registering problems with the payout?
Then we recommend that you immediately stop any additional payments. This is especially true if the broker advises you to make additional payments to compensate for deficits.
In addition, you should make an attempt to recover the lost capital. In this context, aggrieved investors can seek investor protection and contact the lawyers of our law firm. Our law firm examines civil law as well as criminal law options and possible claims for damages against the company and against involved payment service providers such as banking houses.
“One can by no means speak of an exceptional case if a private investor loses his capital in the course of online trading. Numerous capital investors are misled by the professional appearance of the companies and do not notice in time that they are not responsible for their losses.”
Our recommendation is therefore not to bury your head in the sand, but to react promptly and with commitment. Because the prospect of recovering the lost capital is often greater than the aggrieved private investors realise.
Would you like to talk to one of our lawyers about DollarTreats? Then click here to go directly to our contact page.