Eastspringinvest – the company described itself as an online broker on its corporate website http://www.eastspringinvest.io/. Thereby Eastspringinvest had provided different services to its clients. The provider’s website is currently no longer online. You have invested with Eastspringinvest and would like your capital back? The Herfurtner law firm will help you with any problems.

Eastspringinvest – Experiences of investors

There are currently a very large number of providers such as Eastspringinvest. As a result, investing in the volatile financial markets has never been as easy but also as risky as it is today. Especially because there are a large number of options, choosing a broker can be time-consuming and frustrating. Especially if you want them to meet your investment needs. Are you considering investing with Eastspringinvest?

In this case, the following aspects are important for you as an investor.

  • State-licensed online brokers, secure websites, fees and brokerage charges, product options and customer reviews are just a few of the criteria you should consider when making your final choice.
  • Access to the global financial markets is made easier and more lucrative for investors through online investing.
  • When trading on the web, a number of order types can be used.
  • A very good address for investors who want to inquire about securities, futures, binary options and cryptocurrencies is a website like this one.

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

Eastspringinvest Checklist: Evaluate brokers comprehensively

The following list serves to protect you from brokers with dishonest intentions.

  • Find out as much detail as you can about the trading company and the commodity you want to buy (search engines, blog posts, online card services).
  • Do not use remote access software to gain access to your terminals.
  • Does the online presence have a complete imprint?
  • Is the online trading provider Eastspringinvest a company licensed by the Federal Financial Supervisory Authority or in another country of the European Union?
  • Is a provider like Eastspringinvest listed in the company database of the specific EU supervisory authority?
  • Ask yourself: What is the name of the contact person I should get in touch with?
  • Identity theft is a problem: Please do not hand over a copy of your identity card. Criminals usually ask you to do this.
  • Do not be misled by promises of high monetary gains without the risk of losing assets.

Contact by phone call – Have you had any experience with Eastspringinvest?

Have you in the past received a telephone call from a stranger who presented you with an offer? Never answer. Unwanted calls are prohibited. “Cold calling” is clearly prohibited at investment service providers and similar companies such as Eastspringinvest. There are also people who claim to work for reputable web trading platforms. In doing so, they want to get people to give them their sensitive data.

Majority of the time, you are asked to deposit more assets after your very first deposit. Phone scammers are always coming up with new scams to rob investors of their savings, cash and other valuables. A common method used by the criminals 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.

These are times when they are least concentrated. In addition, the criminals pretend at the beginning of the conversation that they and the person being called know each other. The other possibility is to pretend that the callers are customer-oriented. By doing this, the criminals give the person they are talking to on the phone a feeling of goodwill and trust.

Check whether you are really dealing with the Eastspringinvest company when you are contacted by phone.

Protect yourself from monetary loss through the Ponzi scheme

A pyramid scheme, or Ponzi scheme, is a type of financial fraud. In it, funds are collected from new investors and next applied to pay out capital to the original victimised individuals. The organisers of Ponzi schemes usually postulate that they would invest your money and make huge returns without risking your assets.

Nevertheless, in many Ponzi schemes, the lawbreakers do not actually invest the assets they receive. Rather, it is used to compensate people who previously paid in. This allows the perpetrators to keep some of the capital for themselves. So with all investments – including Eastspringinvest – pay attention to the risk-reward ratio.

Ponzi schemes require a constant inflow of new assets to keep running, as they have little or no actual income. Many of these structures fail when it becomes costly to attract fresh investors or when a significant number of investors drop out. Assuming that you want to invest capital with a provider like Eastspringinvest, you should always act with caution. Indicators to watch out for include:

  • Strategies that are difficult to identify. Keep your capital out of the stock market unless you know enough about it.
  • Risk-free gains with minimal or no volatility. Every investment contains some risk, and the riskier an investment is, the more likely it is to yield a high return.
  • Selling without licensing: Investment professionals and firms must be licensed or registered under federal and state securities regulations. The most common Ponzi schemes involve unlicensed individuals or providers.
  • Ponzi schemes that are not registered with financial regulators. In most cases, Ponzi schemes are unregistered investments that are not controlled by state authorities such as Bafin.
  • The payment of winnings does not work? If you are unable to receive payments or find it difficult to cash out, you should be careful. The operators of pyramid schemes may try to persuade participants to stay by promising even higher profits if they do not withdraw money.
  • Is there a problem with the documentation? If errors appear on your bank statement, it may be a sign that your assets are not being invested as planned.

How to distinguish reliable from dodgy online platforms

On questionable online trading platforms, a variety of investment goods exist that are persistently advertised in forums and social media to lure capital investors. In addition, “multi-level marketing” is used to solicit new capital investors. The advertising mainly emphasises the guarantee of immediate profitability.

In order to start investing, an interested investor first has to create an account with the trading platform – like Eastspringinvest. The perpetrators then contact the investor via a call centre and try to persuade him to invest large amounts of money. The investors’ positive attitude towards cybertrading is partly reinforced by their 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 being hoodwinked by a corrupted trading algorithm as to the true trend in stock market data and prices. Eastspringinvest does not necessarily fall into this category. The backers use their own unilaterally determined price values when calculating profits.

This means that the service provider has complete control over whether or not a profit is made. Until the supposed returns are paid out, this scam continues. When the moment of payout arrives, the buyers suddenly no longer have access to their accounts and the direct contacts associated with them. Most investors lose all their assets invested in such illegal trading, forcing them to call in a lawyer.

Find out about fees before investing

Before investing with Eastspringinvest, find out how much of your investment amount will be used to cover costs such as fees and commissions. This is a good time to check the information provided by service providers in detail! Investors must be informed about all costs to be paid and their impact on the return from financial service providers. Furthermore, the remunerations must be presented separately.

In the event that you request a presentation of all fees, the providers are obliged to provide you with this information. A service provider like Eastspringinvest is usually interested in as many transactions as possible for understandable reasons. Often the fees are so high that it is difficult to make a profit. The fees can even devour the invested capital in a very short time. Therefore, be sure to take the costs into account!

The trading fees of the online broker must be visible to everyone. The transparency of the structure of the costs is also stipulated in the legal rules and regulations. In case of a violation, the provider can be deprived of its regulatory licence.

Lawyers provide information on Eastspringinvest

You have invested capital with Eastspringinvest, or another service provider? Now there are problems with the repayment? Then it is advisable to stop additional payments immediately. This is especially true if the broker advises additional payments to make up for deficits. In addition, one should try to recover the lost capital.

In this context, affected investors can seek investor protection and contact the lawyers of our law firm. We examine both civil and criminal law options and possible claims for damages against the service provider and against involved payment service providers such as financial institutions.

“One can no longer speak of an exceptional case when a private investor loses his capital in online trading. Many investors are misled by the professional behaviour of the service providers and only realise too late that they are not responsible for their loss.”

Our recommendation is therefore not to resign, but to react quickly and actively. Because the prospect of recovering the lost money is often greater than the aggrieved investors realise. Would you like to talk to one of our lawyers about Eastspringinvest? Then you can go directly to our contact form here.