Education Square – the company describes itself as a Forex trading platform on the company website https://education-square.co/de/.
You encounter complications with the distribution of your capital investment? Our lawyers can help you with claims against Education Square.
Education Square – the provider at a glance
Currently, there is an extraordinarily high number of investment service providers such as Education Square. This means that it has never been as easy but also as uncertain as it is today to invest in the unpredictable financial markets.
Especially because there are so many options, choosing an online platform can be time-consuming and frustrating. Especially if you want it to match your personal investment plans.
Have you already invested with Education Square? If so, the following points are important for you as an investor.
- In the area of trading in the www you can use several types of orders.
- A suitable address for investors who want to find out about share certificates, futures, binary options and crypto money is a website like this one.
- State-regulated brokers on the internet, reputable provider websites, costs and bonuses, offer options and reviews from customers are just selected aspects that you would have to take into account when making your final decision.
- Access to the global financial markets is becoming easier and more interesting for investors through online investing.
The following is general advice for investors – regardless of the platform you invest in.
Keep the overview – correctly assess service providers such as Education Square
Investors have a wide variety of investment opportunities to choose from, with trusted and questionable financial service providers competing for their favour.
There are many indicators that a service, as well as an offering, is not trustworthy, and it is significant to have a focus on this. Here you will learn what to look for when investing your hard-earned capital.
Banking, financial services and insurance companies such as Education Square are only allowed to operate in the FRG with state authorisation. The companies have obtained a licence, but that does not mean that the services they sell are of excellent quality.
If a prospectus or information sheet approved by the Federal Financial Supervisory Authority has been published beforehand, derivatives and investments can equally be made available to the general public. The prospectus or information sheet for the product offered may be lawful, but this does not mean that it is guaranteed to be so.
BaFin only ensures that the prospectuses are complete, comprehensible and coherent. Education Square’s prospectus or information sheet is not mandatory in every case.
Before investing capital, it is advisable to think about your sustainable expectations and consider whether you have the financial means to achieve them. Do not rush the process. Before putting your assets into an investment, take time to weigh the pros and cons. Don’t make a choice promptly, even if you have consulted with others.
Do investors also feel time pressure from Education Square?
Do you feel the pressure of a tight deadline? The online broker is tempting you with a special offer, but you are under pressure to make a decision quickly?
This is certainly not a good idea, because it is often a feint. Don’t rush into anything! You can not only get reliable offers now, but also invest with Education Square in the future.
To achieve their goal, criminals know comprehensively what they have to do. They exert themselves to receive countless information as conceivable about their targeted person through well-worded enquiries. They likewise ask about the other person’s constitution, for example, whether he or she is home alone or whether he or she has cash at home.
In addition, they use a tactic of “wait and see” to drive the person to despair. You can keep your counterpart on the phone forever until he or she agrees to go to the bank and hand over money and other valuables to the fraudsters.
In one such scam, time pressure is imposed on the injured party. With this very method, the injured party is encouraged to disregard his own vigilance.
Current support scams use the same method. Since the PC of the person contacted is allegedly infected by an extremely complex virus, the callers, who presumably work at the behest of Microsoft or such a company as Education Square, demand urgent payment of a maintenance contract in English with an Indian accent.
The scammers 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.
What are the disadvantages of the grey capital market?
Only a small proportion of financial market participants, such as Education Square, are subject to government regulation and control. In the grey capital market, investment service providers trade who do not even need a licence from the Federal Financial Supervisory Authority and only have to comply with some regulatory requirements.
Only invest in the grey capital market if you are convinced of the company’s solvency and know it as a company. As already mentioned, BaFin has no control over these service providers.
The grey capital market holds a wealth of options. There are:
- Profit participation rights and other hybrid forms of bonds
- Corporate investments
- Ordinary bonds
- Loans with subordination clauses
- Crowdfunding offers
One thing is certain: it is unclear what the bottom line will be for the investor.
Do you find it difficult to keep track of what is on offer? Then you should gather as much information as possible before making a decision.
Do not invest in anything you do not fully understand! When it comes to investments, the more experience you need, the more sophisticated the product.
It is also not advisable to concentrate all your capital on one product. Spread your risk across Education Square.
To avoid being influenced inappropriately, always focus on the product itself rather than the brand name or the presentation of the financial service.
Broker demands taxes and further deposits?
Buyers are often wooed by a “broker” or a call centre employee the moment they have registered on the alleged trading platform. The intention is to encourage investors to increase their long-term investments in order to maximise profits. This is also a legal goal of the financial service provider Education Square.
Immediately after the investor has deposited his money, preliminary profit developments may be shown on his account. This should encourage the investor to invest steadily in the financial instrument.
Trading platform operators, on the other hand, may use fraud software to fake improper account changes and earnings without the consumer being aware of it.
Make sure that accounts can also be authorised with Education Square.
In reality, no trading takes place on several online trading platforms per se. Instead, the assets paid are transferred by the fraudulent online brokers to accounts abroad. This is not noticed by the investors at first.
The “brokers” delay the disbursement of the stated profits by demanding that investors pay what appear to be taxes and commissions. The deceptive manoeuvres only serve the purpose of increasing profits.
Sooner or later, communication breaks down completely. The capital paid is used up. From that moment on, the only way left is to go to a lawyer to take the necessary steps.
Alleged services to recover funds?
Anyone who has ever lost funds through a fraudulent investment platform knows how disastrous this can be. That alone is terrible enough. But in addition, the criminals behind the bogus scheme contact you by email or phone in a very short time.
This time, however, they do not pretend to be financial advisors from Education Square. Instead, they promise to help you recover your lost capital in exchange for an upfront payment. Many rip-off artists even appear to have been hired or instructed by trusted institutions such as a financial regulator.
After stealing your sensitive data, the perpetrators usually pose as good Samaritans. They promise to assist you in recovering the stolen money. Even if you have deposited money with a service provider like Education Square, your contact information may be stolen.
Those who have lost a large amount of money are usually desperate. Criminals take advantage of people’s worry by calling themselves “recovery companies”. They offer their services under the guise of helping them get their money back. This means they make dubious assurances that they will get their lost money back.
Refunding from Education Square – Hiring a law firm
Have you invested money with Education Square, or a similar service provider? Now you register conflicts with the payout?
Then it is advisable to block additional payments on the spot. This applies in particular if the broker demands additional payments to compensate for losses.
In addition, one should try to recover the lost capital. In this regard, aggrieved parties can seek investor protection and turn to the lawyers of our law firm. We examine 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 money in online trading is truly not an isolated case. Many investors are blinded by the professional behaviour of the service providers and do not register soon enough that they are not responsible for their losses.”
Our recommendation is therefore not to despair, but to react quickly and with commitment. Because the chance of recovering the lost money is often greater than the aggrieved investors assume.
Would you like to talk to one of our lawyers about Education Square? Then come straight to our contact area here.