Eubtc – The website https://www.eubtc.com/#/home advertises itself as an online trader. On its website, profitable investments in the field of cryptocurrencies are possible.
You encounter complications with the distribution of your investment? Our lawyers can help you with claims against Eubtc.
Eubtc – What is known about the online broker?
Currently, there is an enormously high number of investment service providers such as Eubtc. As a result, investing in the volatile financial markets has never been as easy but also risky as it is now.
Especially because there are countless options, choosing a provider can be time-consuming and daunting. Particularly if it is supposed to satisfy your individual investment plans. Have you already invested with Eubtc? In this case, the following aspects are important for you as an investor.
- Access to cross-border exchanges is becoming more convenient and lucrative for investors through online investing.
- State-regulated online brokers, trusted provider websites, fees and bonuses, product options and customer feedback are just some of the points to factor in when making your irrevocable choice.
- When trading online, you can choose from a variety of order types.
- A very good place to go for money investors who want to learn about share certificates, futures, binary options and cryptocurrencies is a website like this one.
The following are basic suggestions for investors – regardless of the platform you invest money in.
Evaluating investment websites like Eubtc correctly
There is a wide range of investment opportunities available to capital investors, with reputable and questionable providers competing for their favour. There are many indications that a service or product does not inspire confidence, and it is essential to keep an eye out for this.
Here you will find out what details you need to take into account in the event that you invest your hard-earned money. Banking, financial services and insurance companies such as Eubtc are only allowed to operate in the Federal Republic of Germany with state authorisation.
The companies have received authorisation, but this in no way means that the products they offer are of good quality. Provided that a prospectus or information sheet approved by the Federal Financial Supervisory Authority has already been published, securities and investments may also be made available to the general public.
The prospectus or information sheet for the product being advertised may be legal, but this does not mean that it is 100% legal. The Federal Financial Supervisory Authority simply ensures that the prospectuses are complete, plausible and coherent. Eubtc’s prospectus or information sheet is by no means indispensable in every circumstance.
Before investing, it is advisable to think about your long-term expectations and assess whether you have the financial means to achieve them. Do not rush the process. Before putting your capital into an investment, take time to look at the pros and cons. Do not make a choice promptly, even if you have consulted with others.
Eubtc: Contact request and offers by e-mail?
Have you ever received investment proposals by email from a service provider like Eubtc that you are unfamiliar with? Do you get faxes from the exchange that you did not ask for? Or have you received a supposed “insider tip”?
Investors should beware of such suggestions, because they are often spread by criminal people or companies who want to make a profit by selling securities from a false success story. Cases have also become known in which consumers and investors are called or written to by a supposed stock exchange supervisory authority.
It is falsely claimed that the persons contacted have been the victims of a fraud and that the respective 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 a clear attempt at fraud. In any case, we do not recommend contacting this person or providing sensitive information such as user names, passwords, credit card numbers or other identifying information such as your account data at Eubtc.
Pump and Dump – Explanation
The term pump and dump is used to describe a procedure in which the price of a share is artificially inflated by insiders. Subsequently, the same share is sold at a loss to the remaining investors. This is therefore a fraud.
A fraud that profits from the ignorance of small investors and stock market novices. This tactic is therefore illegal in a controlled stock market and for service providers like Eubtc. The crypto market, on the other hand, is still largely “Wild West” when it comes to such tactics.
Because of this, extreme caution is necessary! Pump-and-dump scams are frequently encountered there in connection with the so-called altcoins. The pump and dump scam is used by criminals to drive up the price of an unknown or even independently created currency.
They achieve this by propagating misinformation on the net or in social media or by recruiting co-investors with unreasonable profit expectations. So make sure that the provider Eubtc provides you with all the necessary information on the subject matter, if applicable.
Recognising investment fraud in general
You want to invest money with Eubtc? In this case, you should find out all the relevant information about the company. Investment fraud is a special form of fraud. The criminal guarantees or pretends a lucrative investment on the capital market to a larger circle of people.
Capital investment fraud is sanctioned by a prison sentence of up to three years or a fine according to § 264a StGB. The following services and measures may be considered as capital investment fraud:
- Shareholdings in companies
- Unsolicited telephone advertising calls, so-called cold calling
- Boiler room scam, a cold call in which donors are sought by telephone call
- Participations in securities, funds and certificates
Anyone who has fallen for investment fraudsters has often invested a lot of capital. What can you do in case of investment fraud?
- Involve police authorities and financial supervisory authorities via a legal expert: There are collective police proceedings against some fraudulent companies in the Federal Republic of Germany and also abroad. The police are entitled to have the accounts of the fraudsters blocked and the assets seized. Furthermore, the prosecuting authority is called in.
- Recovering money from Eubtc: If payments have been made via credit card, in many cases this can be recovered by involving a law firm. In the case of transfers from the current account, this can often be recovered by bank order.
- Asserting claims for damages: Persons who have been advised incorrectly can assert claims for damages against the investment advisor.
- Revoke or contest contracts: Affected persons who have concluded a contract can revoke or contest it in the case of investment fraud.
Understanding Recovery Scam: The scam after the investment scam – protect yourself
Anyone who has ever lost funds to a fraudulent investment platform knows how devastating it can be. That alone is bad enough. But on top of that, the scammers behind the bogus entity will contact you by email or phone call within a short period of time.
This time, however, they do not pretend to be brokers from Eubtc. Rather, they promise to help recover the lost capital for a fee. Many criminals even appear to have been hired or engaged by trusted companies such as a financial regulator. After stealing your personal data, it is not uncommon for the perpetrators to pose as good Samaritans.
They promise to help you recover the stolen money. Even if you have invested money with a service provider like Eubtc, your data may be stolen. Those who have lost a large amount of money are usually desperate. The criminals exploit the desperation of the persons by posing as “recovery companies”.
They offer their services under the pretext of helping them get their capital back. This means they promise in a dubious manner that they will recover the lost assets.
Recovering from Eubtc – involve a lawyer
You have invested capital with Eubtc, or another service provider? Now you are encountering problems with repatriation? Then we recommend that you immediately block further payments. This is especially true if the trader demands additional payments to make up for deficits.
Apart from that, you should try to recover the lost capital. In this context, affected persons can seek investor protection and contact the lawyers of our law firm.
Our law firm examines both civil and criminal law options as well as possible claims for damages against the company and against involved payment service providers such as financial institutions.
“One can no longer speak of an exceptional case if a private investor loses money in the course of online trading. Numerous investors are blinded by the professional appearance of the financial providers and do not realise soon enough that they are not responsible for their loss.”
Our advice is therefore not to despair, but to act quickly and actively. 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 Eubtc? Then click here to go straight to our contact page.