Ecryptostaff – The online broker is, according to information found on the company’s website, a service provider for online trading that offers its customers various services. Accordingly, Ecryptostaff is concerned with trading in forex and shares. Are you encountering difficulties with the payout of your investment? Our lawyers can help you with claims against Ecryptostaff.

Ecryptostaff – Bafin advises caution with warning message

Currently, there is an enormous number of online trading platforms such as Ecryptostaff. As a result, investing in the volatile financial markets has never been as easy but also as risky as it is now. Especially because there are a large number of opportunities, choosing an online platform can be time-consuming and intimidating. Especially if you want it to meet your particular investment needs.

Have you already invested with Ecryptostaff? In this case, the following points are relevant for you as an investor.

  • Officially regulated online brokers, reputable portals, fees and bonuses, offer options and customer reviews are just some of the points you should consider when making your final choice.
  • When trading on the World Wide Web, numerous order types can be used.
  • An ideal place to start for investors who want to find out about stocks, futures, binary options and cryptocurrencies is a website such as this.

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

Ecryptostaff Assessment – Requirements for Credible Trading Platforms

Investors have a wide range of investment options to choose from, with professional and questionable financial service providers competing for their attention. There are many signs that a service or product is not reliable and it is key to have a focus on this. Here’s what to think about in the event you invest your hard-earned assets.

Banking, financial services and insurance companies like Ecryptostaff are only allowed to operate in the FRG with government authorisation. The companies have received authorisation, but that does not mean that the products they sell are of excellent quality. In the event that a prospectus or information sheet approved by the German financial authorities has been published in advance, shares and investments can likewise be made accessible to the general public.

BaFin merely ensures that the prospectuses are complete, comprehensible and coherent. The prospectus or information sheet of Ecryptostaff is by no means necessary in every circumstance. Before investing money, you should think about your permanent objectives and assess whether you have the financial means to achieve them. Do not rush the process. Before putting your assets into an investment, take time to look at the pros and cons.

Do not make a choice immediately, even if you have consulted with others.

Are there any trial investments at Ecryptostaff?

Does Ecryptostaff tempt you to try investments with a small amount? You cannot find any data about the company because it is ostensibly a newly founded company with highly interesting business ideas? The possibility is high that the investment secret tip is a scam. After a short time, the online broker will tell you that your investment was an enormous success and ask you to increase your investment.

The success of your trial investment may awaken in you the desire to make further investments. Here are some examples of dubious investment tips: “5-star share with a dividend of 47.88 per cent” , “With the automatic share profit method you earn 3500.00 € per calendar month!” , “Would you like to convert 1000 € into 250.00,00 €?” Anyone who promises too much, and that too unsolicited, is rarely trustworthy!

Nevertheless, also check which promises and offers are presented to you by the provider Ecryptostaff.

Investment orders not permitted by you – protect yourself

Placing orders for transactions with shares without the account holder’s consent can, in individual cases, lead to a sudden increase in the price of particular shares. This applies above all to open market transactions in illiquid foreign shares (over-the-counter trading).

You should therefore remain sceptical if you are asked to disclose personal data about your investment with Ecryptostaff without your permission, with reference to apparently profitable transactions or profit announcements. You should not provide your International Bank Account Number, Business Identifier Code and other bank codes to anyone you do not know at any time. Nor should you disclose your account or deposit numbers and passwords. Do not hand over custody account documents or securities statements from Ecryptostaff to anyone you do not know. Callers posing as investment advisors, brokers or employees of a financial regulator are also dangerous.

Internet broker does not pay out – tips for affected investors

Consumers are often wooed by a “broker” or a call centre employee as soon as they have registered on the apparent trading platform. The intention is to persuade the investor to increase his or her permanent investments in order to maximise profits. This is also an initially legitimate goal of the service provider Ecryptostaff. Immediately after the customer has deposited his money, the first profit developments may be displayed on his user account.

This should encourage the investor to continuously invest in the financial product. However, the platform operators can use fraud software to fake account changes and money gains without the buyer noticing.

Check that the accounts can be authorised equally at Ecryptostaff.

In truth, no trading takes place at all on various platforms. Instead, the deposited money is transferred by the fraudulent online brokers to bank accounts abroad. This is not registered by the investors for the time being. The “service providers” delay the payment of the stated profits by demanding payment of allegedly incurred taxes and processing costs from the investors. The deceptive manoeuvres only serve the purpose of increasing profits.

At a certain point, contact breaks off completely. The capital paid in is no longer there. From this point on, the only way to take further action is to go to a lawyer.

Non-transparent exit options

Make sure you know at what time and how much money will be paid back to you. At best, avoid long-term contracts that cannot be cancelled prematurely or where you would experience enormous monetary losses. Conclude long-term contracts without the possibility of early termination solely with service providers such as Ecryptostaff, whose reliability you have no doubts about. Even if you have the option to waive a contract at any time or to terminate it over a specified period of time, you should be suspicious. Even if these options do exist, you are still vulnerable to financial loss. Make sure you know exactly how much money you will get back if things go wrong. The following rule applies to securities transactions:

Before the end of the term, find out what options are available to you to get rid of securities.

It is usually crucial to be aware of whether there is a liquid market for offers such as those provided by Ecryptostaff. It is possible to sell securities through a broker or a financial institution. All 3 methods are approved for placing a sell order. The real selling process is consequently completed via a securities exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks).

With order supplements, the execution of the order can be controlled from the beginning. The securities will be discharged at a date and place determined by you.

Would you like to get your capital back from Ecryptostaff? Our lawyers can help

You have invested money with Ecryptostaff, or another provider? Now you are encountering difficulties with the repayment? Then it is advisable to stop further payments immediately. This is especially true if the provider suggests additional payments to make up for deficits. Incidentally, you should try to recover the lost capital. In this context, aggrieved parties can seek investor protection and contact the lawyers of our law firm.

Our law firm examines both civil and criminal law options and possible claims for damages against the company and against involved payment service providers such as financial institutions.

“A private investor who loses his capital in the course of online trading is by no means an isolated case. Numerous investors are misled by the professional appearance of the financial providers and do not register in time that they are not responsible for their losses.”

Our recommendation is therefore not to bury one’s head in the sand, but to react swiftly and with commitment. Because the prospect of recovering the lost money is often greater than the aggrieved investors assume. Would you like to talk to one of our lawyers about Ecryptostaff? Then click here to go directly to our contact page.