EasyCrypto4U – The alleged financial service provider EasyCrypto4U presents itself on its own website https://easycrypto4u.com/ as an online broker. On the crypto trading platform, customers can buy, sell and exchange digital currencies.

If you have invested with EasyCrypto4U and there are problems with the distribution, the lawyers of the Herfurtner law firm are available to help and advise you.

EasyCrypto4U – how safe is Crypto Trading?

Currently, there is an enormous number of providers such as EasyCrypto4U. This means that investing in the volatile financial markets has never been as easy as it is today, but also as unsafe.

Especially because there are many options, choosing an online platform can be time-consuming and daunting. Especially if you want it to meet your particular investment needs. Are you thinking about investing with EasyCrypto4U? In this case, the following points are important for you as an investor.

  • A very good place to start for money investors who want to find out about securities, futures, binary options and cryptocurrencies is a web presence like this one.
  • In online trading, you can use a variety of order types.
  • State-regulated brokers on the internet, reputable internet sites, fees and brokerage charges, offer options and customer feedbacks are just some of the aspects you need to factor in when making your final choice.

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

How risky is trading with investment providers like EasyCrypto4U?

Just as the stock exchange and other financial markets are exposed to certain risks, so is online trading. As an investor, you should therefore examine EasyCrypto4U with regard to the following questions:

  • Insufficient knowledge about the product
  • Online trading platforms that are dubious
  • Risks and dangers that arise from inaccurate or incompetent trading
  • Disadvantages associated with the product, for example possible losses

Minimise risk by looking at a proven track record when choosing an investment service provider. In this context, it is also weighty that you are guaranteed reliable money management. This is the only way you can comfortably navigate the internet trading arena.

Investors who have a deft touch may very well benefit and their earnings, if any, will be high. Assuming they have the ideal approach. One thing should be clear to anyone who starts trading: There is always the risk of losing more investment when trading on the stock exchange than was deposited into the bank account of the provider EasyCrypto4U.

Caution – if EasyCrypto4U works with tight deadlines

Do you feel the pressure of a tight deadline? The financial service provider is tempting you with a special offer, but you are under pressure to make a decision in a timely manner? This is certainly not an ideal idea, as it is often a ruse. Don’t rush into a decision.

You can not only get serious special offers now, but also invest capital with EasyCrypto4U in the future. To achieve their goal, rip-off artists know exactly what to do. They make an effort to obtain as much information as possible about their target person by cleverly formulated enquiries.

In addition, they ask about the condition of the interlocutor, e.g. whether he or she is home alone or whether he or she keeps capital at home. Furthermore, they play a game of “wait and see” to make the person desperate.

They may keep their counterpart on the phone for a very long time until he or she agrees to go to the financial institution and hand over cash and other valuables to the fraudsters. In one such scam, a deadline pressure is imposed on the injured party. With this tactic, the victim is tempted to let his or her own guard down. New support scams use the same formula.

Since the computer of the person contacted is presumably infected by an exceptionally complex malware programme, the callers, presumably working at the behest of Microsoft or a financial service provider such as EasyCrypto4U, demand urgent payment for a maintenance contract in English with an Indian accent.

The rip-off artists add to the stress by threatening the targeted individuals that they will be asked to pay if their computer is infected and transmits the infections.

Ponzi scheme – quickly explained

A pyramid scheme, or Ponzi scheme, is a type of fraud. In it, assets are collected from new investors and then used to pay out capital to the former victims. The organisers of Ponzi schemes often emphasise that they would invest your assets and achieve substantial profits without putting your assets at risk.

Nevertheless, in many Ponzi schemes, the rip-off artists do not actually invest the capital they receive. Rather, it is used to compensate people who previously paid in. This allows the criminals to keep part of the assets for themselves. Therefore, pay attention to the risk-reward ratio with all investments – also with EasyCrypto4U.

Ponzi schemes require a continuous inflow of fresh capital to keep running, as they have little or no real profits. Many of these structures fail when it becomes costly to generate fresh investors or when a significant number of investors drop out.

Assuming you want to invest capital with a broker like EasyCrypto4U, you should always act with caution. Among the clues you should look out for are:

  • Is there a problem with the documentation? If your account statement shows errors, this may be an indicator that your money is not being invested properly.
  • Risk-free profits with little or no volatility. Every investment involves some risk, and the riskier a deposit 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 vast majority of Ponzi schemes involve unlicensed individuals or firms.
  • The distribution of profits does not work out? If you are not receiving payments or are finding it difficult to cash out, you should be cautious. The operators of Ponzi schemes may try to persuade participants to stick it out with the promise of even bigger cash winnings if they do not withdraw money.

Contacting and proceeding with dubious online trading platforms

On fraudulent internet platforms, there is a variety of investment goods that are aggressively advertised on blogs and social networks in order to convince capital investors. In addition, “multi-level marketing” is used to solicit new money investors. The advertising mainly emphasises the guarantee of immediate profitability.

In order to start investing, a potential buyer must first of all create an account with the trading platform – such as EasyCrypto4U. Then the alleged brokers contact the investor via a call centre and try to persuade him to invest large sums of money.

The hopeful attitude of the money investors towards cybertrading is partly reinforced by the desire for future profits. Buyers are more willing to invest in the future if they see exactly the kind of results they dream of. At this point, investors are deceived by a corrupted trading algorithm about the true evolution of stock market data and prices.

EasyCrypto4U does not necessarily belong to this category. The wire-pullers use their own unilaterally defined price values when calculating returns. This means that the financial service provider has complete control over whether a profit is obtained or not. Until the supposed profits are paid, this swindle will continue.

If the investor wishes to be paid, the clients surprisingly no longer have access to their client accounts and the direct contacts associated with them. The majority of investors lose all their money invested in this fraudulent trade, forcing them to contact a lawyer.

Keep an eye on additional costs when trading online

Before investing with EasyCrypto4U, 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 the providers in detail! Investors must be informed about all calculated costs and their effect on the profit margin of investment service providers.

Furthermore, the costs must be presented individually. If you request a presentation of any costs, providers are obliged to give you this info. For obvious reasons, an online broker like EasyCrypto4U is usually interested in as many trading transactions as possible. In many cases, the fees are so exorbitant that it is difficult to make a profit.

The fees can even devour the invested money in a very short time. Therefore, be sure to consider the costs! The commission fees of the online broker must be publicly available. The transparency of the structure of the costs is also stipulated in the official guidelines and licences.

In connection with a violation, the service provider’s official licence can be revoked.

Get your investment back from EasyCrypto4U? Contact our lawyers

If you have already made deposits with EasyCrypto4U and would now like to reclaim them, there are several approaches.

  1. If the people behind the schemes were to be arrested, claims by the injured parties can be asserted in court proceedings. For this purpose, we accompany our clients through the so-called adhesion procedure. In this way, we are able to obtain court titles for our clients against the perpetrators. As a rule, these can then be directly enforced against the seized assets of the fraudsters.
  2. If transfers have been made to foreign accounts, the authorities and financial institutions abroad should be informed. They will then often initiate their own investigations. This is also with the intention of securing sums of money in the bank accounts and then transferring them back to our clients.
  3. If there is a suspicion that the bank accounts to which our clients have transferred money are part of a money laundering scheme, these bank accounts can be blocked. Transfers to these accounts can then be reclaimed from the receiving bank.
  4. If an analysis by our lawyers indicates that the financial service provider may have acted fraudulently, we file a criminal complaint with the competent criminal authorities on behalf of our client. Our law firm is in constant contact with public prosecutors who conduct investigations throughout Germany. There are often hundreds or even thousands of injured parties in these proceedings. The investigations regularly extend to other countries as well. In the past years, there have been recurring significant investigative successes by the public prosecutors’ offices.
  5. If it is guaranteed that no solution to the problem can be reached with the operator of the investment platform, a complaint should be filed with the responsible supervisory authority. The latter examines the case and may order the provider to pay a refund amount. Our client will then be reimbursed the amount by the service provider. Contact points for complaints can be, for example, financial authorities or the Financial Ombudsman.