FTMO – The company https://ftmo.com/ advertises itself as a trading platform. On its platform smart investments in the field of online trading are possible.

You have invested with FTMO and would like your capital back? The Herfurtner law firm will help you with any problems.

FTMO experiences – What is known about the trading platform?

Currently there is an extremely high number of providers such as FTMO. As a result, it has never been as easy but also risky as now to invest in the unpredictable financial markets.

Precisely because there are a large number of opportunities, choosing a provider can be time-consuming and frustrating. Especially if you want them to meet your investment requirements.

Are you considering investing money with FTMO? Then the following points are relevant for you as an investor.

  • Access to the world’s stock markets is becoming easier and more versatile for investors through online investing.
  • An optimal address for investors who want to learn about securities, futures, binary options and cryptocurrencies is a website like this one.
  • Licensed brokers on the internet, trustworthy platforms, fees and brokerage commissions, offer options and key data are only exemplary points to consider when making your irrevocable decision.
  • When trading on the www, you can apply a large number of order types.

The following information is general advice for investors – regardless of the platform you are investing in.

Keep a cool head – assess providers like FTMO correctly

Investors have a wide range of investment opportunities to choose from, with reliable and questionable financial service providers competing for their attention.

There are many clues that a financial service or product is not trustworthy, and it is essential to have a focus on them. Here you will learn what details you need to think about, assuming you are investing your hard-earned money.

Banking, financial services and insurance companies such as FTMO are only allowed to operate in the Federal Republic of Germany with state authorisation. The providers may have received authorisation, but this in no way means that the services they offer are of excellent quality.

In the event that a prospectus or information sheet approved by the Federal Financial Supervisory Authority has been published in advance, share certificates and financial investments may be made equally available to the general public. The prospectus or information sheet for the product presented may be lawful, but this in turn does not mean that this is guaranteed.

BaFin only ensures that prospectuses are complete, comprehensible and coherent. The prospectus or information sheet of FTMO is by no means indispensable in every context.

Before investing capital, you should consider your permanent plans and clarify whether you have the actual means to obtain them. Do not rush the process. Before putting your money into an investment, take time to weigh up the pros and cons. Do not make a choice immediately, even if you have consulted with others.

Unique development potential with the provider FTMO?

Investigate how confidence-inspiring FTMO’s offer is. Is the interest rate provided to you particularly high? Can you earn a lot of money with a few EURO?

These offers are mostly nothing more than misleading. Be aware that very often crooks are hiding behind these tempting opportunities. As a rule, nothing at all is invested in these investment offers. Therefore, assess how serious the offer from FTMO is.

Scams are usually filled out by tricksters in a similar way. Investment products that are supposed to be profitable are announced in a prominent place online. The perpetrators assure that they will receive a lot of assets. At the beginning, the investment amounts tend to be small.

All those who sign up are consulted by a fictitious broker or securities trader. The scam victims then get access to a supposed investment software after depositing the money.

Dubious offers can also be recognised by promises of returns that are conspicuously above the market average.

The risk of an investor losing money also increases with FTMO in direct proportion to the expected margin. One way to find out about the usual market return is to consult the business sections of daily newspapers or the website of the Deutsche Bundesbank.

You should also treat advice for companies with exceptional potential for growth with caution. Low costs and low trading volumes make penny stocks, for example, extremely susceptible to speculation and manipulation.

What are the dangers of the grey capital market?

Only a small proportion of financial market participants such as FTMOs are subject to official regulation and supervision. In the grey capital market, providers position themselves who do not even need approval from the Federal Financial Supervisory Authority and only have to comply with a few regulatory basics.

Only invest in the grey capital market if you are convinced of the company’s solvency and know it as a company. As I said, the Federal Financial Supervisory Authority has no control over these financial service providers.

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

  • Crowdfunding offers
  • Direct investments such as in timber, precious metals or other commodities
  • Loans with a subordination agreement
  • Corporate investments
  • Order bonds
  • Profit participation rights and other hybrid forms of bonds

One thing is certain: it is unclear what the end result will be for the investor.

Do you find it difficult to understand the product on offer? Then you should gather as much information as possible before making a decision.

Don’t invest in anything you don’t fully understand! When it comes to investments, the more experience you need, the more complicated the product.

It is also not advisable to put all your money on one card. Diversify your risk beyond FTMO.

To avoid being influenced inappropriately, it is advisable to always focus on the product itself and not on the brand name or the presentation of the financial service.

When the online broker refuses to distribute

Consumers are often wooed by an “online broker” or a call centre employee after they have registered on the apparent online trading platform. The intention is to encourage investors to increase their permanent investments in order to maximise profits. This is also a legal goal of the financial service provider FTMO.

Immediately after the investor has paid in his capital, any provisional profit developments are presented to his account. This should encourage the investor to invest steadily in the financial instrument.

The operators of the trading platform, on the other hand, can use fraud software to fake manipulated account changes and money profits, even without the buyer noticing.

Make sure that the accounts can be authorised equally at FTMO.

In reality, no trading takes place at all on several platforms. Rather, the deposited capital is transferred by the fraudsters to bank accounts abroad. This is not registered by the investors for the time being.

The “brokers” put the payout on the back burner of the stated earnings by demanding payment of allegedly incurred taxes and processing costs from the investors. These scams only serve the purpose of increasing profits.

At some point, contact breaks off completely. The invested capital is used up. From that moment on, the only thing left to do is to go to a lawyer in order to take the necessary measures.

Possibilities to terminate contracts: Place value on transparency

Find out when and how much money you will be paid. Ideally, avoid long-term contracts that cannot be terminated prematurely or where you would suffer considerable financial losses.

Conclude long-term contracts without the possibility of early termination only with providers like FTMO whose credibility you have no doubts about.

Even if you have the option to waive or cancel a contract at any time over a specific period, be critical. Even if these options do exist, you still remain vulnerable to economic loss. Make sure you know exactly how much capital you will recover if the investment goes wrong.

The following rule applies to securities transactions:

Before the end of the contract period, find out what options are open to you to get rid of a share certificate.

It is usually crucial to know whether there is a liquid market for products such as those offered by FTMO.

It is possible to sell shares through an online broker or a financial institution. All three methods are acceptable for placing a sell order. The actual selling process is consequently carried out via a securities exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks).

Order supplements can be used to direct the execution of the order from the outset. The share certificates are discharged at a time and place determined by you.

Receive deposits back from FTMO: This is what matters now

You have invested with FTMO, or a similar service provider? Now you are encountering difficulties with repatriation?

Then we recommend that you block further payments immediately. This applies in particular if the trader demands additional payments to compensate for deficits.

Furthermore, 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. We consider civil law as well as criminal law options and possible claims for damages against the company and against involved payment service providers such as financial institutions.

“One can by no means speak of an exceptional case when a private investor loses his capital in the course of online trading. Many investors are fooled by the professional behaviour of the companies and do not realise early enough that they are not responsible for their losses.”

Our recommendation is therefore not to bury your head in the sand, but to act quickly and actively. Because the prospect of recovering the lost money is often greater than the aggrieved investors suspect.

Would you like to talk to one of our lawyers about FTMO? Then you can go straight to our contact page here.