Globe Invest Hub – on its own homepage the company describes itself as an online broker. Globe Invest Hub offers its customers various services in the segments Forex, cryptocurrencies, commodities and indices. If you have invested money with the financial service provider Globe Invest Hub and now have complications with the repatriation, the law firm Herfurtner will help you reliably and comprehensively.

Globe Invest Hub – Broker Overview

Currently, there is an extremely high number of online trading platforms such as Globe Invest Hub. This means that investing in the volatile financial markets has never been as easy but also as risky as it is now. Especially because there are so many options, choosing an online broker can be time-consuming and daunting. Especially if you want it to meet your personal investment needs.

Have you already invested with Globe Invest Hub? Then the following aspects are important for you as an investor.

  • An ideal address for investors who want to learn about share certificates, futures, binary options and cryptocurrencies is an online presence like this one.
  • Officially licensed online brokers, reputable portals, fees and commissions, quote options and reviews are just some of the points you should factor in when making your irrevocable choice.
  • When trading on the internet, there are a large amount of order types to choose from.

The following statements are general advice for investors – regardless of the platform in which you invest money.

Globe Invest Hub: Think through investments and proceed with strategy

Investors have a diverse range of investment opportunities at their disposal, with trusted and questionable service providers competing for their attention. There are many indicators that a service or offering is not trustworthy, and it is essential to keep an eye out for them. Here’s what to look out for, provided you invest your hard-earned money.

Banking, financial services and insurance companies such as Globe Invest Hub are only allowed to operate in Germany with state authorisation. The companies may have obtained a licence, but that does not mean that the services they offer are of excellent quality.

Provided that a prospectus or information sheet approved by the German financial supervisory authority has been published in advance, derivatives and financial investments can also be made available to the general public. BaFin merely ensures that the prospectuses are complete, catchy and coherent. The prospectus or information sheet of Globe Invest Hub is by no means required in every circumstance.

Before investing, it is advisable to think about your sustainable plans and clarify whether you have the monetary means to achieve them. Do not rush the process. Before you put your capital into an investment, take time to review the pros and cons. Do not make a choice immediately, even if you have consulted with others.

What to do – if providers like Globe Invest Hub require transfers abroad?

Is it beneficial for you to transfer assets abroad? Consider in detail what you are doing. Countless investors have already lost assets in the process. It is conceivable that you will lose track of where your money is going and how it is invested. When capital was provided to a broker, it happened that the online broker did not invest the amount received as agreed or even not at all.

There were also cases where the company simply did not exist, although it appeared accordingly like Globe Invest Hub. Apart from the licensed providers, there are countless dubious online trading websites, in which an almost identical procedure can be seen in the majority of cases. Potential investors are contacted by employees of the respective trading website.

For example, by telephone, after the customer has left non-binding contact information on the provider’s website. In many cases, however, this also happens in the course of mass e-mails. These entice the customer with seemingly lucrative investments. The investor is quickly provided with his own broker who instructs him on how to create a trading account and make his first investments.

The investor feels well supported for the time being and online trading usually starts with small amounts. But shortly afterwards, larger payments are demanded – often to accounts abroad. These payments are intended to increase potential profits. Problems with fraudulent brokers finally arise as soon as the investor demands a payout. This is usually delayed again and again or linked to further payments such as alleged taxes and commissions.

In the past, the criminals operated solely from dubious locations. Now they operate from completely different locations such as the United Kingdom (including London), the Netherlands, Canada, Spain, Dubai and others. For the vast majority of people, spotting tricky methods is challenging. Companies often receive e-mail orders with enormous order volumes that bear no relation to the usual purchase amounts.

To lure the German company, they work with immense promises of profit. However, the extreme order volume functions exclusively as a means of pressure in communication with the provider in order to demand correspondingly high admission and registration costs. It is not always clear whether the addressee of this payment is also the customer of the products.

However, it can be assumed that providers operating abroad will not have to pay local tax on shipments to other countries in the foreseeable future. Check whether this also applies to investments with Globe Invest Hub.

Recognise pump & dump and protect yourself

The term pump & dump is used to explain a situation where the market price of a stock is artificially inflated by insiders. Afterwards, the same share is sold again at a loss to the other investors. It is therefore a fraud. A deception that profits from the ignorance of small investors and stock market novices. This strategy is therefore prohibited in a controlled securities market and for providers such as Globe Invest Hub.

The crypto market, on the other hand, is still largely “Wild West” as far as these same tactics are concerned. Therefore, extreme caution is necessary! Pump-and-dump scams are increasingly common there in connection with the altcoins generally referred to as such. The pump-and-dump scam is used by fraudsters to inflate the value of an unknown or even self-created currency.

They achieve this by spreading false information on the web or in social media or by recruiting co-investors with unreasonable profit expectations. So make sure that you are provided with all the necessary information on this very subject matter by the provider Globe Invest Hub, if applicable.

Online Trading Platforms: Learn to recognise reliable brokers

There is a plethora of investment goods on dubious provider websites, which are persistently advertised in internet forums and social networks to lure investors. In addition, “network marketing” is used to solicit new investors. The advertising emphasises above all the promise of prompt profitability. In order to start investing, a potential investor must first create an account with the trading platform – such as Globe Invest Hub.

Then the perpetrators contact the investor via a call centre and try to persuade him to invest large amounts of money. The positive attitude of money investors towards cybertrading is partly strengthened by the desire for future profits. Buyers are more willing to invest in the future if they see exactly the kind of results they expect. At this stage, investors are being hoodwinked by a corrupted trading algorithm about the true evolution of stock market data and prices.

Globe Invest Hub does not necessarily belong to this category. The criminals use their own unilaterally determined price values to calculate returns. This means that the service provider has complete control over whether or not a profit is made. This swindle continues until the supposed returns are paid. If the investor wishes to receive the payout, the clients suddenly no longer have access to their client accounts and the individual contacts associated with them.

The majority of all investors lose all their capital invested in such illegal trading, forcing them to call in a lawyer.

Keep an eye on other fees when trading online

Before investing with Globe Invest Hub, find out how much of your investment amount is used to cover costs such as fees and commissions. This is a useful time to thoroughly examine the information provided by the providers! Investors must be notified of all costs included and their impact on the margin of financial service providers. Furthermore, remuneration must be listed separately.

Assuming that you request a presentation of all costs, the financial service providers are under an obligation to provide you with this information. For obvious reasons, a provider such as Globe Invest Hub is usually interested in as many trading transactions as possible. Often the fees are so high that it is difficult to make a profit. The costs can even eat up the invested capital in a short time. Therefore, be sure to take the costs into account!

The trading fees of the online broker must be available to everyone. The transparency of the cost structure is also stipulated in the regulatory requirements and licensing. If there is a violation, the provider’s licence can be revoked.

Get your money back from Globe Invest Hub? Contact our lawyers

In order to be able to assess whether you have a repayment claim against the financial service provider Globe Invest Hub, it is necessary to examine the individual case without exception. The lawyers of the Herfurtner law firm will do this for you in the context of a free initial consultation. The starting point of this examination is always the facts of the case as described by you. In addition, similarities to similar cases can usually be noted.

You therefore benefit from the comprehensive experience of our lawyers. After the complete review of all documents and the legal classification, the approach is first directed against the provider Globe Invest Hub itself, should certain breaches of duty be verifiable. In order to be able to prove such breaches of duty, the contract papers, the e-mail message history and possibly additional documents must be examined.

On top of that, regulated online trading providers are equally obliged to make and store telephone records of conversations with clients. The request to hand over this documentation and the subsequent evaluation is nevertheless a sensible and necessary step in the enforcement of your claims. With the help of this evidence, the buyer’s claims can be enforced both in extrajudicial and in judicial proceedings.

The financial institutions and crypto exchanges that are on the receiving end should also be taken into consideration. Since large sums of money are often involved, the question repeatedly arises as to whether the companies have complied with their duties to provide information and their obligations under the Money Laundering Act. It is not possible to make a general statement in this regard; rather, the individual case must be examined.

The same applies to the beneficiary on the recipient side, who is often 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 exhausting the possibilities under civil law, there is still the option of proceeding under criminal law if the suspicion of a criminal offence is substantiated. This requires contacting law enforcement agencies at home and abroad and coordinating further precautions.

Many federal states have meanwhile established special departments for the topics of online fraud and crypto trading. The lawyers of the Herfurtner law firm are in regular contact with these departments. It should not be forgotten that hosting providers also offer helpful information about the domain holder. However, contacting the internet providers, which are often located outside the EU, is extremely cumbersome for someone inexperienced.

In addition, financial supervisory authorities at home and abroad are practical contact points for injured parties. Apart from the complaint against the online trading provider in question, which should protect other potential investors from investments, further details can possibly be obtained from the financial authorities as a source of information. These tips often allow investigative work in the Federal Republic of Germany, Austria and Switzerland to be linked.