Genesis Continent – According to statements found on the company’s homepage, the provider is a provider of online trading where clients can claim different services. Accordingly, Genesis Continent is concerned about high leverage.

If you have invested with the broker Genesis Continent and now have complications with the repatriation, our lawyers are at your disposal with advice and support.

Genesis Continent – How should the online broker be rated?

Currently there is an extremely high number of investment service providers such as Genesis Continent. 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 many options, choosing a provider can be time-consuming and frustrating. Particularly if you want them to meet your individual investment needs.

Are you considering investing with Genesis Continent? Then the following aspects are important for you as an investor.

  • In the area of trading on the Internet, you can use a large number of order types.
  • An ideal place for capital investors who want to inquire about share certificates, futures, binary options and cryptocurrencies is a website like this one.
  • Access to the world’s financial markets is made easier and more affordable for investors through online investing.
  • State-licensed online brokers, trusted provider websites, fees and commissions, quote options and customer reviews are just some of the considerations you would need to take into account when making your final choice.

The following information is basic suggestions for investors – regardless of the platform you invest in.

Verification and licensing of providers like Genesis Continent

Both financial markets and investor protection benefit from codes of conduct and organisational responsibilities. Equity services firms and providers like Genesis Continent must follow a set of standards of conduct. The same applies to their employees. This is to avoid conflicts of interest and associated disadvantages for investors.

This includes the responsibility of the service provider to inform its own corporate clients about the most essential features of a securities transaction before it is concluded. This applies both to the investor in question and to the investment itself. According to this idea, further information is required for corporate clients who want to engage in highly speculative or risky transactions.

Companies such as Genesis Continent have a duty of care towards their clients. This goes significantly beyond the provision of an offer or service.

Does the service provider have a licence to sell investment products? It is important that you determine this. To do this, you can use a financial regulator’s broker check database and type the provider’s brand name into the search screen.

Are there any trial investments with Genesis Continent?

Does Genesis Continent tempt you to try out investments with a smaller sum? Can’t find any details about the provider because it is supposedly a recently established company with exciting business ideas?

There is a good chance that the “insider” tip is pure rip-off. After a very short time, the service provider will tell you that your investment was a great success and ask you to increase your investment.

The success of your trial investment may make you want to make additional investments.

Here are some examples of dubious investment tips:

“Devote just five minutes of your time to us and become a self-made billionaire.” , “With the fully automatic share profit method you will earn 3500.00 EUR a month!” , “5-star share with a profit share of 47.88 %” , “Would you like to turn 1000 EUR into 250.00,00 EUR?”

Anyone who promises too much, and that too unsolicited, is rarely trustworthy! Nevertheless, you should also check which offers and guarantees are made to you by the investment company Genesis Continent.

Dangers of a pyramid scheme

A Ponzi scheme is a type of capital fraud. In it, funds are collected from new investors and then used to distribute capital to the original aggrieved persons.

The organisers of Ponzi schemes usually emphasise that they would invest your capital and reap huge returns without risking your money. Nevertheless, in many Ponzi schemes, the criminals do not actually invest the assets they receive.

Rather, it is used to pay off people who previously paid in. This allows the perpetrators to keep part of the assets for themselves. Therefore, pay attention to the risk-reward ratio in all investments – also with Genesis Continent.

Ponzi schemes need a continuing inflow of new assets to keep running, as they have low or no actual profits. Many of these structures fail when it becomes complicated to attract new investors or when a considerable number of investors drop out.

Assuming that you want to invest capital with an online broker like Genesis Continent, you should always act with caution.

Indicators you should look out for include:

  • Risk-free profits with minimal or no volatility. Every investment involves some risk, and the riskier a deposit is, the more likely it is to yield a high return.
  • Selling without a licence: Investment professionals and firms must be licensed or registered under federal and state securities regulations. The most common Ponzi schemes involve unlicensed individuals or firms.
  • Investments that are not registered with financial regulators. In most cases, Ponzi schemes are unregistered investments that are not controlled by government agencies such as Bafin.
  • Strategies that are very difficult to detect. Keep your money out of the stock market unless you know enough about it.
  • Overly predictable results. Over time, investments tend to rise and fall. Any investment that consistently produces positive returns detached from market conditions should be evaluated with a high degree of scepticism.
  • The distribution of returns does not work out? If you are not receiving any payments at all or are finding it difficult to cash out, you should be cautious. The operators of Ponzi schemes may try to encourage participants to persevere by promising even greater returns if they do not withdraw money.

If the broker refuses to repay

Clients are very often wooed by a “broker” or a call centre employee the moment they have registered on the alleged trading platform. The intention is to encourage the investor to increase his permanent investments in order to maximise profits. This is also a legitimate goal of the Genesis Continent broker.

Immediately after the investor has transferred his money, the first profit developments will probably be presented on his user account. This should encourage the investor to continuously invest in the financial instrument.

The operators of the trading platform, however, can use fraud software to simulate manipulated account movements and earnings, even without the buyer noticing.

Make sure that accounts can also be authenticated with Genesis Continent.

In reality, no trading takes place at all on various online trading platforms. Instead, the assets paid are transferred by the perpetrators to accounts abroad. This is not noticed by the buyers at first.

The “brokers” put off the payout of the reported income by demanding that the investors pay what appear to be taxes and processing costs. The deceptive manoeuvres only serve the purpose of increasing profits.

At a certain point, the connection breaks completely. The money transferred is used up. From this moment on, the only way to take further steps is to go to a lawyer.

Recovery Scam? Beware of unsolicited offers of help after you have invested

Anyone who has ever lost money through a fraudulent investment platform knows how fatal this can be. That alone is terrifying enough. But on top of that, the criminals behind the bogus entity contact you in a short time by email or phone call.

This time, however, they do not pretend to be investment advisors from Genesis Continent. Rather, they guarantee to help recover the stolen money in exchange for an upfront payment. Many scammers even appear to have been hired or commissioned by reputable institutions such as a financial regulator.

After stealing your personal data, the scammers 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 Genesis Continent, your data may be stolen.

Anyone who has lost a substantial amount of money is usually distressed. Criminals take advantage of people’s worry by posing as money recovery companies. They offer their services under the pretext of helping them recover their capital. That is, they make dubious assurances that they will get back the money they have lost.

Profit distribution from Genesis Continent not made? Involve a lawyer immediately

In order to be able to assess whether you have a claim for a refund against the online broker Genesis Continent, it is invariably necessary to assess the case in detail. The lawyers of the Herfurtner law firm will carry out this assessment for you as part of a free initial consultation.

The basis of this assessment is always the facts of the case as presented by you. In addition, parallels can often be drawn with similar cases. You therefore benefit from the extensive experience of our lawyers.

After the complete assessment of all documents and the legal classification, the action is first of all directed against the service provider Genesis Continent itself, should certain breaches of duty be verifiable. In order to be able to prove these breaches of duty, the contract documents, the e-mail correspondence and, if necessary, other papers should be analysed.

In addition, regulated online trading providers are equally obliged to make and archive telephone records of conversations with investors. The request to hand over these recordings and the subsequent analysis is nevertheless an advisable and necessary step to enforce your claims.

With the help of this evidence, investors’ demands can be enforced both in extrajudicial and in judicial proceedings under civil law.

The banks and crypto exchanges that are on the receiving end should also be focused on in this context. Because the sums of money involved are usually considerable, the question recurs as to whether the institutions have complied with their duties to provide information and their obligations under the Money Laundering Act. A universal statement cannot be made in this regard; rather, the individual case must be examined.

The same applies to the beneficiary on the recipient side, who is usually not identical with the provider itself. Under certain circumstances, claims may also be made against the beneficiary if breaches of duty can be proven.

After all civil law options have been exhausted, the procedure remains at the criminal law level, insofar as the suspicion of a criminal offence is substantiated. This requires contacting investigating authorities in Germany and abroad and coordinating further measures.

In the meantime, many federal states have created special departments for fraud offences in connection with online and crypto trading. The lawyers of the Herfurtner law firm are in constant contact with these departments.

It should not be forgotten that hosting providers also offer useful information on domain holders. However, contacting the web hosts, which are often located outside the EU, is extremely cumbersome for someone inexperienced.

Nevertheless, financial supervisory authorities at home and abroad are valuable contact points for investors who have suffered losses.

Apart from the complaint against the provider in question, which is intended to protect even more potential investors from investments, other details can probably be obtained through the financial supervisory authorities as providers of information.

In many cases, these leads allow investigations in Germany, Austria and Switzerland to be linked.