Escrow Group – The alleged financial service provider Escrow Group presents itself as an online broker on its online presence

You have invested with Escrow Group and want your capital back? The law firm Herfurtner helps you with obstacles.

Escrow Group – safe trading with high leverage?

Currently, there is an enormously high number of providers such as Escrow Group. This means that investing in the unpredictable financial markets has never been as easy but also as uncertain as it is now.

Precisely because there are countless options, choosing a provider can be time-consuming and challenging. Especially if you want it to match your personal investment preferences.

Have you already invested with Escrow Group? Then the following aspects are important for you as an investor.

  • A wide range of order types can be used in online trading.
  • Access to the global stock markets becomes more practical and lucrative for capital investors through online investments.
  • An ideal place to start for investors who want to learn about stocks, futures, binary options and cryptocurrencies is a website like this one.

The following statements are basic recommendations for investors – regardless of the platform you invest in.

Escrow Group: Methods to evaluate an online broker

Investors have a diverse range of investment options at their disposal, with trustworthy and questionable providers competing for their favour.

There are many signs that a service or even a product is not safe, and it is crucial to focus on this. Here’s what to look out for in the event you invest your hard-earned capital.

Banking, financial services and insurance companies like Escrow Group are only allowed to operate in the Federal Republic of Germany with state authorisation. The companies have been granted a licence, but this by no means means means that the services offered are of excellent quality.

If a prospectus or information sheet approved by the German financial supervisory authority has been published in advance, share certificates and investments may also be made available to the general public.

BaFin simply ensures that prospectuses are complete, understandable and logical. Escrow Group’s prospectus or information sheet is by no means required in every circumstance.

Before you invest, you should think about your long-term plans and check whether you have the monetary means to obtain them. Do not rush the process. Before putting your assets into an investment, take time to weigh the pros and cons. Do not make a decision on the spot, even if you have consulted with others.

Credible investment recommendations at Escrow Group?

Does Escrow Group tempt you to try investments with a smaller amount? Can’t find any details about the company because it is supposedly a start-up company with exciting business ideas?

The probability is high that the “insider” advice is a scam. After a very short time, the broker will tell you that your investment was a huge success and ask you to increase your investment.

The success of your trial investment may tempt you to make further investments.

Here are some examples of dubious investment tips:

  1. “5-star stock with a dividend of 47.88%”
  2. “With just five minutes of your life you can become a self-made billionaire”
  3. “Would you like to turn €1000 into €250,00.00?”

Those who guarantee too much, and that too unsolicited, are in the rarest cases serious! But also examine what guarantees and offers are presented to you by the financial service provider Escrow Group.

Have you had any experience with unsolicited orders?

Placing orders for securities transactions without the account holder’s consent can sometimes lead to a sudden increase in the price of certain shares.

This applies in particular to open market transactions in illiquid foreign shares (over-the-counter market). Therefore, remain vigilant if you are asked to divulge sensitive data about the Escrow Group investment without your consent, citing seemingly lucrative trades or profit announcements.

You should never provide your IBAN, BIC and other bank codes to anyone you do not know. Similarly, you should not disclose your account or custody account numbers or passwords.

Do not hand over Escrow Group custody account documents or securities statements to someone you do not know. Callers posing as financial advisors, brokers or employees of a financial regulatory agency are also dangerous.

Investment fraud – here’s how it works

You want to invest money with Escrow Group? In this case, you should find out all relevant information about the company.

Investment fraud is a special form of fraud. The criminal promises or deceives a large circle of people about a profitable capital investment on the capital market.

True to § 264a StGB, capital investment fraud is sanctioned with a prison sentence of up to three years or a fine.

Subsequent services and strategies may sometimes come into question as capital investment fraud:

  • Boiler Room Scam, a cold-calling scheme in which funders are sought by telephone call
  • Criminals use the brand name of the service provider Escrow Group and clone the company
  • Unsolicited telephone advertising calls, so-called cold calling
  • Shareholdings in companies

Those who have fallen for investment scams have often invested a lot of money. What can you do in case of investment fraud?

  1. Claim damages: People who were misinformed can claim damages from the investment advisor.
  2. Withdraw from or contest contracts: Affected persons who have concluded a contract can withdraw or contest it in the case of investment fraud.
  3. Retrieve funds: If payments have been made via credit card, this can be retrieved in many cases by appointing a law firm. In the case of bank transfers from the current account, this can often be recovered by bank order.
  4. Involve the criminal police and tax authorities through a legal expert: Collective police proceedings exist against certain fraudulent companies in the FRG and also abroad. The criminal investigation department is authorised to have the accounts of the fraudsters blocked and to keep the assets safe. In addition, the public prosecutor’s office becomes active.

Exit options: Clear pricing transparency is a hallmark of reputable service providers

Check at what time and how much money is paid out. It is best to avoid long-term contracts that cannot be cancelled early or where you would suffer immense financial losses.

Conclude long-term contracts without early termination options only with investment service providers such as Escrow Group, whose credibility you have no doubts about.

Even if you have the option to waive a contract at any time or to terminate it over a defined period of time, you should be critical. Even if these options are available, you are still vulnerable to financial loss. Make sure you know exactly how much capital you will get back if things go wrong.

The following rule applies to securities transactions:

Before the end of the contract period, find out what options are available to you to sell securities.

It is often important to find out whether there is a liquid market for services such as those offered by Escrow Group.

It is possible to sell shares through an online broker or financial institution. All 3 methods are legitimate for placing a sell order. The actual selling process is then 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 in advance. The securities will be sold at a time and place determined by you.

Do you want to recover your investments from Escrow Group? Our lawyers can help

It is advisable to take precautions as soon as possible if the suspicion is confirmed that a service provider is not working correctly and the risk exists that the broker will not pay out its profits. Apart from a criminal complaint, which our law firm files with the police authority on behalf of our clients, and a report to the financial supervisory authority, the broker should possibly also be held responsible under applicable law.

This involves examining the claims against the financial services provider agreed in the contract and any compensation options.

In the case of money transactions, it is also important to check whether financial institutions can be held liable in the event of an error. Claims for compensation against financial institutions may exist, for example, in the case of money laundering or other unlawful activities. However, this must be checked depending on the facts of each case.

If your online broker refuses to pay, you should therefore contact a competent law firm immediately:

  1. Let us know how long the provider has not paid you
  2. Give us the names and contact details of anyone you have communicated with
  3. Describe the facts of the case to us in an email

We will provide you with a free initial assessment in relation to Escrow Group. We will also let you know as soon as possible whether we think you have a real chance of recovering your losses.