EpicInvest24 – The company https://epicinvest24.net/ advertised itself as a financial service provider. The website is currently no longer accessible. Ingenious investments were said to be realisable here. Due to a report of suspected fraud, the Cybercrimepolice from Zurich warns against the provider.

If you have invested with the investment service provider EpicInvest24 and are now experiencing problems with your payout, our lawyers can advise you throughout German-speaking countries.

EpicInvest24 – Information for investors

Currently, there is an extraordinarily high number of online trading platforms such as EpicInvest24. As a result, investing in the volatile financial markets has never been as easy but also as uncertain as it is now. Especially because there are a lot of options, choosing a financial service provider can be time-consuming and frustrating.

Especially if you want them to meet your investment needs. Are you considering investing with EpicInvest24? In this case, the following aspects are important for you as an investor.

  • State-licensed brokers on the internet, reputable provider websites, fees and commissions, offering options and customer feedbacks are just some of the aspects you would need to consider when making your final choice.
  • Access to global exchanges is becoming more convenient and interesting for investors through online investing.
  • A wide range of order types can be used in online trading.
  • A good place to start for money investors who want to find out about stocks, futures, binary options and cryptocurrencies is a homepage like this one.

The following information is a basic suggestion for investors – regardless of the platform you invest in.

Is EpicInvest24 licensed by financial authorities?

Both the financial markets and the protection of investors benefit from rules of conduct and organisational responsibilities. Bond service providers and companies like EpicInvest24 must follow a set of standards of conduct. The same applies to their employees.

This requirement is intended to prevent conflicts and associated disadvantages for investors. This includes the obligation of the service provider to inform its own corporate clients about the decisive features of a securities transaction before it is concluded. This applies both to the specific investor and to the investment itself.

In line with this idea, further information is essential for clients who wish to engage in highly speculative or risky transactions. Providers such as EpicInvest24 have a responsibility towards their clients. This goes far beyond the provision of an offer or a service.

Does the service provider have a licence to sell investment products? You should definitely determine this. To do this, you can use the broker check list of a financial supervisory authority and enter the name of the service provider in the search mask.

EpicInvest24 – Does the online broker contact you by fax?

Have you ever received investment proposals by e-mail from a service provider like EpicInvest24 that you do not know? Do you receive fax messages from the stock exchange that you did not ask for? Or have you received a supposed “insider tip”?

Investors should beware of such suggestions, because they are not infrequently spread by criminal people as well as brokers who want to make a profit by selling securities from a made-up success story. Cases have also become known in which consumers are consulted by an apparent stock exchange supervisory authority.

It is erroneously said that the people written to have become victims of a fraud and that the relevant data have been passed on to the stock exchange supervisory authority by the apparent Federal Public Prosecutor’s Office in Karlsruhe. The persons written to are required to fill out a web form.

This is a clear attempt at fraud. We recommend under no circumstances to contact the same person or to disclose sensitive information such as user names, passwords, credit card numbers or other identifying information such as your account data at EpicInvest24.

Grey capital market: What should investors consider?

Only a few of the financial market participants such as EpicInvest24 are subject to official regulation and supervision. In the grey capital market, service providers trade who do not need the approval of the Federal Financial Supervisory Authority and do not have to fulfil anything more than a few regulatory criteria.

Only invest in the grey capital market if you are certain of the company’s creditworthiness and know it as a company. As I said, the Federal Financial Supervisory Authority has no control over these service providers. The grey capital market contains a variety of options. There are:

  • Direct investments, such as in timber, precious metals or other commodities
  • Loans with a subordination agreement
  • Profit participation rights and other hybrid bond forms
  • Corporate investments
  • Crowdfunding offers
  • Ordinary bonds

One thing is certain: it is unclear what the final outcome will be for the investor. Is it difficult for you to understand what is on offer? Then you should find out as much information as possible before making a choice. Don’t buy anything you don’t fully understand!

When it comes to investments, the more knowledge you need, the more complex the product. It is also not advisable to put all your money on one horse. Diversify your risk beyond EpicInvest24. To avoid being influenced incorrectly, always focus on the product itself and not on the name or presentation of the financial service.

Cybertrading: What you should know in advance

The usual investment fraud is carried out with known methods such as advertising, telephone canvassing or stock market letters. When it comes to fraud, the outdated method is quickly becoming obsolete in the digital age. The new type of financial fraud can be described with the term “cybertrading”.

Investment products are traded over the internet with dishonest intent. Unfair investments include investment products such as contracts for difference and cryptocurrencies. EpicInvest24’s services have also been used by other service providers in a similar way to trap investors.

Investors are increasingly informing themselves online about investment opportunities. Thus, people rely on their personal expertise or on the tips of others in blogs, forums and other online platforms when making their decision.

The transition to ever new financial products has no lasting effect on the criminal activities related to the gang structure. Since the mafia crime rings rely on already existing and widely recognised infrastructures, there is no need to adapt to a new “business model”.

No matter what financial product is traded, the process of cybertrading is largely identical. These financial instruments are penetratingly advertised on social media or with paid advertisements. In this context, it is basically only about the presentation of gigantically high profits.

Calculate the probability of earning high profits with EpicInvest24 before you invest.

Commissions and costs for online trading – inform yourself in good time

Before investing with EpicInvest24, 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 take a detailed look at the information provided by the service providers!

Investors must be notified of all calculated fees and their impact on the profit margin of investment service providers. Furthermore, the costs must be presented individually. Provided that you request a detailed overview of the individual costs, the providers are obliged to give you this information.

For obvious reasons, an online broker like EpicInvest24 is usually interested in as many transactions as possible. Very often the costs are so enormous that it is difficult to make a profit. The costs can even eat up the invested assets in a very short time. Therefore, be sure to take the costs into account!

The commission fees of the online broker must be available to everyone. The clarity of the cost structure is also set in the applicable regulations and licensing. If an offence is committed, the provider’s regulatory licence can be revoked.

Refund denied by EpicInvest24? Consult a lawyer quickly

If you have already made investments with EpicInvest24 and would now like to reclaim them, there are various methods.

  1. If there is a suspicion that the bank accounts into which our clients have deposited funds are part of a money laundering scheme, these accounts can be blocked. Payments to these bank accounts can then be reclaimed from the receiving bank.
  2. Often, a solution to the problem can be found with the provider itself. In many cases, our law firm is able to reach out-of-court settlements with the service providers. Our clients then recover all or part of their transfer sum.
  3. If an examination by our lawyers proves that the financial service provider may have acted fraudulently, we file charges with the competent investigative authorities on behalf of our clients. Our law firm is in constant exchange with public prosecutors’ offices, which manage nationwide investigations. Often there are many hundreds or even thousands of aggrieved investors in these criminal proceedings. The investigations repeatedly extend to countries outside Germany’s borders. In recent years, the public prosecutor’s offices have repeatedly achieved significant successes in investigations.
  4. If transactions have been executed on foreign accounts, the foreign financial supervisory authorities and banking institutions can also be notified. They then often initiate additional investigations of their own. This also has the aim of seizing funds in the accounts and then returning them to our clients.
  5. Assuming that no solution can be reached with the service provider, a complaint can be filed with the responsible supervisory authority. The supervisory authority reviews the facts and may order the financial service provider to pay compensation. Our client will then be reimbursed the amount by the service provider. Addresses for complaints can be, among others, financial supervisory authorities or the Financial Ombudsman.
  6. If the perpetrators were to be arrested, claims of 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 in a position to obtain court titles for our clients against the providers. As a rule, these can then be immediately enforced against the seized capital of the fraudsters.