Esmartinvest – The alleged investment company Esmartinvest presents itself on its website as an online broker.

You have invested with Esmartinvest and want your capital back? The Herfurtner law firm can help you with obstacles.

Esmartinvest – Experiences of investors

Currently there is an extremely high number of providers such as Esmartinvest. As a result, investing in the unpredictable financial markets has never been as easy but also as uncertain as it is today.

Especially because there are a large number of opportunities, choosing a broker can be time-consuming and intimidating. Especially if it is to suit your individual investment plans.

Are you considering investing with Esmartinvest? In this case, the following aspects are relevant for you as an investor.

  • With online trading, you can use a large number of order types.
  • Access to the world’s stock markets is made easier and more versatile for capital investors through online investing.
  • An ideal address for investors who want to learn about securities, futures, binary options and cryptocurrencies is a website like this one.

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

Esmartinvest – recognising reputable brokers

Money investors have a wide variety of investment opportunities to choose from, with reputable and questionable financial services providers vying for their favour.

There are many indications that a financial service or product is not reputable and it is relevant to keep an eye out. At this point, you will learn what details you need to pay attention to when investing your hard-earned money.

Banking, financial services and insurance companies such as Esmartinvest are only allowed to operate in Germany with state authorisation. The companies have received authorisation, but this does not mean that the products sold are of excellent quality.

Provided that a prospectus or information sheet approved by BaFin has been published in advance, shares and investments can be made available to the general public in the same way.

The Federal Financial Supervisory Authority (BaFin) alone ensures that prospectuses are complete, comprehensible and coherent. The prospectus or information sheet of Esmartinvest is not necessary in every case.

Before investing capital, you should consider your long-term plans and whether you have the economic means to achieve them. Do not rush the process. Before putting your assets into an investment, take time to review the pros and cons. Do not make a choice on the spot, even if you have consulted with others.

Does Esmartinvest contact you by fax?

Have you ever received investment proposals by email from a provider like Esmartinvest that you are not aware of? Do you receive fax messages from the stock exchange that you have in no way requested? Or have you received an alleged “insider tip”?

Money investors should beware of similar suggestions, because they are usually spread by dubious people or online brokers who want to profit from a false success story by selling share certificates.

Cases have also come to light in which consumers are called or written to by an apparent stock exchange supervisory authority.

It is falsely said that the persons written to have become victims of a fraud and that the personal data has been passed on to the stock exchange supervisory authority by the alleged Federal Public Prosecutor’s Office in Karlsruhe. The persons written to are asked to fill out an online form.

This is an obvious attempt at fraud. We strongly advise against contacting this person or providing any sensitive information such as usernames, passwords, credit card numbers or other identifying information such as your account details with Esmartinvest.

Investing in the grey capital market? Advice for your safety

Very few of the financial market participants such as Esmartinvest are subject to government regulation and supervision. In the grey capital market, there are investment service providers that do not even need BaFin approval and only have to follow some regulatory requirements.

Only invest in the grey capital market if you are convinced of the provider’s creditworthiness and it is known to you as a company. As I said, BaFin has no control over these financial service providers.

The grey capital market offers a wealth of options. There are:

  • Corporate investments
  • Crowdfunding offers
  • Loans with a subordination agreement
  • Direct investments such as in timber, precious metals or other commodities
  • Ordinary bonds

One thing is certain: it is uncertain what the final outcome will be for the investor.

Do you find it difficult to understand the financial product on offer? Then you should gather 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 expertise you need, the more complicated the product.

It is also not advisable to bet your entire fortune on one horse. Diversify your risk beyond Esmartinvest.

In order not to be influenced inappropriately, it is advisable to always focus on the product itself and not on the name or the presentation of the financial service.

Online broker refuses to distribute? Act promptly and contact a lawyer

Consumers are repeatedly wooed by an “online broker” or call centre employee once they have registered on the apparent trading platform. The aim is to get the investor to increase their long-term investments in order to maximise profit. This is also a legitimate goal of the broker Esmartinvest in the first place.

Immediately after the investor has deposited his money, the first profit developments may be displayed on his user account. This should encourage the investor to continue investing in the financial product.

The operators of the trading platform, in turn, can use fraud software to fake account changes and profits, even without the client noticing.

Make sure that accounts can be verified equally with Esmartinvest.

In reality, no trading takes place at all on quite a few online trading platforms. Rather, the deposited capital is transferred by the perpetrators to bank accounts outside Germany. This is not noticed by the buyers at first.

The “brokers” delay the disbursement of the specified funds by demanding that the investors pay what appear to be taxes and commissions. These manipulations only serve the purpose of increasing profits.

At some point, the connection breaks completely. The money deposited is no longer there. From that moment on, the only way to take the necessary steps is to go to a lawyer.

Unsolicited offers of help to recover funds?

Anyone who has ever lost assets to a fraudulent investment platform knows how disastrous that can be. That alone is bad enough. But in addition, the rip-off artists behind the bogus scheme contact you by email or phone within a very short time.

This time, however, they do not pretend to be financial advisors from Esmartinvest. Instead, they guarantee to help you recover your lost assets in exchange for an upfront payment. Many scammers even appear to have been hired or authorised by trusted organisations such as a financial authority.

After stealing your personal information, the rip-off artists often pose as good Samaritans. They promise to assist you in recovering the stolen money. Even if you have invested money with a provider like Esmartinvest, your contact information may be stolen.

The majority of those who have lost a considerable amount of money are desperate. The criminals take advantage of people’s concern by calling themselves “recovery” companies. They offer their services under the pretext of helping them get their money back. That is, they promise in a dubious manner that they will get back the lost capital.

Legal advisers give advice on Esmartinvest

If you have already made investments with Esmartinvest and now want to reclaim them, there are different approaches.

  1. In the event that transactions have been made on accounts abroad, the foreign financial supervisory authorities and banking institutions should be notified. They will then usually initiate their own investigations. This too is intended to secure funds in the bank accounts and then return them to our clients.
  2. Assuming that it is not possible to solve the problem with the operator of the investment platform, it is possible to file a complaint with the competent financial authority. This authority examines the facts of the case and has the option of ordering the provider to pay compensation. Our client will then be reimbursed the amount of money by the service provider. Complaints bodies can be, for example, financial supervisory authorities or the Financial Ombudsman.
  3. Often, a solution can be found with the provider itself. Our lawyers always manage to reach out-of-court settlements with the platforms. Our clients then get back their entire investment sum or a share of it.
  4. If the people behind the fraud are arrested, the injured parties’ claims 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 fight for court titles for our clients against the providers. In many cases, these can then be immediately enforced against the seized assets of the perpetrators.