Front-Management24 – On its website, the provider claims to be a financial service provider active in the areas of indices, commodities, CFDs and shares. Accordingly, investors can expect high leverage effects.

At the same time, the Federal Financial Supervisory Authority (BaFin) addressed the provider in one of its warnings. Accordingly, the operator of the trading platform might lack the licence to offer financial services.

If you have invested capital with the online broker Front-Management24 and now have complications with the payout, the law firm Herfurtner will help you reliably and comprehensively.

Front-Management24 – What is known about the online broker?

There are currently an extraordinarily large number of online trading platforms such as Front-Management24. As a result, investing in the volatile financial markets has never been as easy but also as uncertain as it is today.

Especially because there are numerous opportunities, choosing a provider can be time-consuming and intimidating. This is especially true if you want your investment ideas to be met.

Are you considering investing money with Front-Management24? Then the following aspects are relevant for you as an investor.

  • In online trading you can use a large amount of order types.
  • Entry to cross-border stock exchanges becomes more convenient and affordable for capital investors through online investments.
  • A suitable address for capital investors who want to learn about securities, futures, binary options and cryptocurrencies is a website like this one.
  • Regulated brokers on the internet, reputable provider websites, costs and brokerage commissions, offering options and customer reviews are just some of the features you should consider when making your final decision.

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

How risky is trading with investment providers like Front-Management24?

Just as the stock market and other financial markets are subject to corresponding risks and dangers, so is online trading.

As an investor, you should therefore examine Front-Management24 with regard to the following topics:

  • Providers who are unreliable
  • Threats arising from inaccurate or incompetent trading
  • Threats that may be associated with the product, such as potential losses
  • Lack of knowledge about the product
  • The risks and dangers of online security

Reduce risk by looking for a verified track record when choosing a financial services provider. In this context, it is equally relevant that you are guaranteed reliable money management. Only in this way can you move confidently in the online trading world.

Traders who have a skillful hand can very well make a living from it, and their earnings may be large.

In the event that they have the best approach. One thing ought to be conscious of everybody who starts trading: The danger of losing more capital than was deposited into the bank account of the provider Front-Management24 when trading on the stock exchange exists at all times.

Front-Management24: Small investments that subsequently increase?

Does Front-Management24 persuade you to try out investments with a smaller amount? You cannot find any information about the service provider because it is supposedly a new company with exciting business ideas?

The probability is high that the “insider” tip is a deception. After a short time, the online broker will tell you that your investment was a great 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 share with a dividend of 47.88 per cent”
  2. “Would you like to convert €1000 into €250,00.00?”
  3. “Sacrifice just 5 minutes of your lifetime and become a billionaire”
  4. “With the automatic share profit method you will make 3500.00 EUR in a calendar month!”

Anyone who guarantees too much, and that too unsolicited, is rarely trustworthy! Nevertheless, also check which offers and promises are presented to you by the investment company Front-Management24.

The great danger of unauthorised orders

Placing orders for securities transactions without the account holder’s consent can, in individual cases, lead to a sudden rise in the price of certain shares.

This applies in particular to open market transactions in illiquid foreign securities (over-the-counter market). You should therefore remain vigilant if you are instructed to disclose personal data about your investment with Front-Management24 completely without your consent, with reference to supposedly profitable transactions or profit announcements.

Under no circumstances should you pass on your IBAN, SWIFT code and other bank codes to someone you do not know. Nor should you disclose your account or custody account numbers and passwords.

Do not hand over custody account documents or securities statements from Front-Management24 to a third party who is a stranger to you. Callers who present themselves as investment advisors, brokers or employees of a financial authority are also dangerous.

Investment fraud – this is how it works

You want to invest with Front-Management24? In this case you should find out all important information about the company.

Investment fraud is a special form of fraud. The perpetrator guarantees or pretends a profitable investment on the capital market to a large circle of people.

Capital investment fraud is punishable by a prison sentence of up to three years or a fine, in accordance with § 264a StGB.

The following services and strategies may be considered as capital investment fraud:

  • Unsolicited telephone advertising calls, so-called cold calling
  • Boiler room scam, a cold call in which investors are sought by telephone call
  • Investments in shares, funds and certificates
  • Criminals use the brand name of the provider Front-Management24 and clone the company

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

  1. Contact the police and the financial supervisory authority through a lawyer: There are collective police proceedings against certain fraudulent companies in the Federal Republic of Germany and also in other countries. The police are authorised to have the criminals’ accounts blocked and the money confiscated. Furthermore, the public prosecutor’s office becomes active.
  2. Claim damages: People who were not properly informed can assert claims for damages against the investment advisor.
  3. Revoke or contest contracts: Affected persons who have concluded a contract can revoke or contest it in the case of investment fraud.
  4. Retrieve funds: If payments have been made via credit card, this can be retrieved in several cases by using a law firm. In the case of transfers from the current account, this can very often be recovered by bank order.

Unsolicited offers to recover investments?

Anyone who has ever lost capital through a fraudulent investment platform knows how disastrous this can be. That alone is bad enough. But on top of that, the criminals behind the bogus entity contact you by email or phone call within a manageable time.

This time, however, they do not pose as Front-Management24 online brokers. Instead, they promise to help recover the lost money in exchange for a payment. Many criminals even appear to have been hired or instructed by reputable companies such as a financial regulator.

After stealing your sensitive data, the perpetrators often pose as good Samaritans. They guarantee to assist you in recovering the stolen money. Even if you have invested money with a service provider like Front-Management24, your data may be stolen.

Anyone who has lost a large amount of money is usually desperate. Criminals exploit people’s desperation by calling themselves “recovery” companies. They offer their services under the guise of helping them recover their capital. This means they make dubious assurances that they will recover the lost assets.

Repayment of Front-Management24 – instruct a law firm

It is advisable to take steps as soon as the suspicion is confirmed that an online trading provider is not acting seriously and there is a risk that the broker will not make its payments. In addition to a criminal complaint, which our law firm files with the police on behalf of our clients, and a report to the financial supervisory authority, the broker should possibly also be held legally accountable.

This involves assessing the claims against the financial service provider agreed in the contract and any chances of compensation.

In the case of financial transactions, it is also essential to check whether financial institutions can be held responsible in the event of an error. Claims for compensation against banking institutions may arise, for example, in the case of money laundering or other fraudulent activities. However, this must be examined on a case-by-case basis.

As soon as your online broker refuses to make a distribution, you should therefore immediately contact a reliable law firm:

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

Our lawyers will carry out a free initial assessment for you in connection with Front-Management24. We will also let you know in good time whether we think you have a realistic chance of recovering your losses.