FixedFloat – The supposed financial service provider FixedFloat presents itself on its website https://fixedfloat.com/ as a digital asset exchange platform. In particular, the exchange and transactions in the form of various cryptocurrencies would be available to customers on the website.
You have invested with FixedFloat and would like your capital back? The Herfurtner law firm can help you with obstacles.
FixedFloat – serious financial services?
There are currently an enormous number of providers such as FixedFloat. As a result, investing in the unpredictable financial markets has never been as easy but also as risky as it is today.
Precisely because there are a lot of opportunities, choosing a provider can be time-consuming and intimidating. Especially if it is to suit your personal investment intentions. Are you considering investing money with FixedFloat? In this case, the following aspects are relevant for you as an investor.
- Access to global stock markets is becoming more convenient and lucrative for investors through online investing.
- A suitable address for investors who want to enquire about securities, futures, binary options and cryptocurrencies is a website like this one.
- In online trading, one can use a large amount of order types.
- Regulated online brokers, secure provider sites, costs and brokerage commissions, quote options and customer reviews are just sample features to plan for when making your final decision.
The following information is general advice for investors – regardless of the platform you invest in.
Before you invest: Check FixedFloat for seriousness
The following considerations should be kept in mind when looking for options to invest your capital on the internet:
- Look for an imprint on the provider’s website. If this is not the case, you should: Hands off! However, also be aware that an imprint can be faked.
- It can be very beneficial to find out what other consumers are saying about a potential provider, even if it is only on the World Wide Web.
- In The Federal Republic of Germany, the imprint must contain a postal address, the contact details of an authorised representative of FixedFloat and a telephone number.
- Financial service providers such as FixedFloat must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). BaFin’s company database contains information on authorised service providers.
- Quality seals are often used by fake shops to pretend that they are reputable. To find out whether a cross-reference leads to the internet presence of the seal of approval and whether the shop is also listed there, click on the image of the seal. It is quite possible that the operator of the homepage has simply copied the quality seal from another online presence and transferred it to his own website without the corresponding certification.
Have you made a trial investment with FixedFloat?
Does FixedFloat tempt you to try out investments with a small amount? Can’t find any details about the service provider because it is supposedly a start-up company with innovative business ideas? The probability is high that the investment secret tip is a scam.
After a short time, the investment service provider will tell you that your investment was a huge success and appeal to you to increase your investment. The success of your trial investment may awaken in you the desire to make further investments.
Here are some examples of dubious investment tips: “Would you like to convert €1000 into €250,00.00?” , “Give us just five minutes of your time and become a self-made billionaire.” , “With the automatic share profit method you will earn 3500.00 euros a month!”
Anyone who promises too much, and that too unsolicited, is rarely trustworthy! So also check what offers and promises are presented to you by the FixedFloat provider.
Reliable brokers always act in your best interests
Placing orders for securities transactions without the account holder’s consent can in individual cases lead to a jump in the price of particular shares. This applies in particular to open market transactions in illiquid foreign shares (over-the-counter market).
You should therefore remain vigilant if you are asked to disclose personal data about your investment with FixedFloat without your consent, with reference to supposedly profitable transactions or profit announcements. Under no circumstances should you provide your IBAN, BIC and other bank sort codes to a third party you do not know.
Nor should you disclose your account or custody account numbers or passwords. Do not hand over any securities account papers or securities statements from FixedFloat to anyone you do not know. Callers posing as investment advisers, brokers or employees of a financial regulator are also dangerous.
Check advertisements for online trading platforms for seriousness
A variety of capital goods exist on fraudulent provider websites, which are persistently advertised on blogs and social media to lure investors. In addition, “network marketing” is used to solicit new investors. In the advertising, the assurance of quick profitability is emphasised above all.
In order to start investing, a potential investor must first create a user account with the online trading platform – as is the case with FixedFloat. Then the alleged brokers contact the investor via a call centre and try to persuade him to invest large sums of money.
The investors’ hopeful attitude towards cybertrading is partly reinforced by their desire for future profits. Clients are more willing to invest in the future if they see exactly the kind of results they want. At this point, investors are deceived by a manipulated trading algorithm about the true evolution of stock market data and prices.
FixedFloat does not necessarily belong to this category. The perpetrators use their own unilaterally determined price values to calculate profits. This means that the trading provider has complete control over whether a profit is made or not. This manipulation continues until the supposed profits are paid out.
When the time comes for the payout, the buyers suddenly no longer have access to their accounts and the personal contacts associated with them. The majority of investors lose their capital fully invested in such fraudulent trading, forcing them to contact legal counsel.
Recovery scam explained simply: correctly evaluate providers for recovering funds
Anyone who has ever lost capital to a fraudulent investment platform knows how fatal this can be. That alone is bad enough. But on top of that, the scammers behind the bogus entity contact you within a short time by email or phone call. This time, however, they do not pose as FixedFloat financial advisors.
Instead, they guarantee to help recover your lost assets in exchange for a payment. Many criminals even appear to have been hired or commissioned by trusted entities 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 provider like FixedFloat, your contact information may be stolen. Anyone who has lost an immense amount of money is usually desperate.
The criminals take advantage of people’s desperation by calling themselves “recovery” companies. They offer their services under the guise of helping them get their money back. This means they dubiously securitise that they will get back the money they lost.
Losses with FixedFloat – What you can do
It is advisable to take action as soon as the suspicion is confirmed that an investment service provider is not working conscientiously and that there is a risk that the broker is delaying payments.
Apart from filing a criminal complaint, which we do for our clients with the police, and a report to the financial supervisory authority, the provider should possibly also be held legally accountable. This involves assessing the claims against the broker agreed in the contract and possible chances of compensation.
In the case of monetary payments, it is also important to check whether financial institutions can be held responsible in the event of an error. Claims for damages against banking institutions can arise, for example, in the case of money laundering or other illegal activities.
However, this must be checked depending on the context at hand. If your online broker delays the payment, you should therefore immediately contact an experienced law firm:
- Give us the names and contact details of all the people you have communicated with
- Tell us how long the supplier has not paid you
- Describe to our law firm via email your experience with the service provider
We will give you a free initial assessment in connection with FixedFloat. We will also let you know at short notice whether we think you have a good chance of recovering your losses.