Gomafxtrade – The online broker claims to be a service provider in the field of finance on its website https://www.gomafxtrade.com/, which is active in the field of online trading. Accordingly, investors can invest in shares, crypto, forex and energy. Are you encountering difficulties with the payout of your capital investment? Our lawyers can help you with claims against Gomafxtrade.
Gomafxtrade – Reviews
Currently, there is an enormous number of online trading platforms such as Gomafxtrade. As a result, investing in the unpredictable financial markets has never been as easy but also as risky as it is now. Especially because there are numerous options, choosing an online broker can be time-consuming and challenging. Especially if you want to do justice to your individual investment plans. You have already invested with Gomafxtrade? Then the following points are important for you as an investor.
- A suitable place to start for investors who want to learn about securities, futures, options and cryptocurrencies is a homepage like this one.
- Regulated online brokers, trustworthy websites, costs and brokerage fees, product options and ratings are just selected considerations you should take into account when making your irrevocable choice.
- Online trading allows you to use a wide range of order types.
- Entry to the international stock markets is becoming more practical and affordable for money investors through online investing.
The following information is a general suggestion for investors – regardless of the platform in which you invest capital.
Tasks of the financial authorities with service providers like Gomafxtrade
Both financial markets and investor protection benefit from rules of conduct and organisational responsibilities. Bond service companies and providers like Gomafxtrade have to follow a variety of standards of conduct. The same applies to their employees. This is to circumvent conflicts and associated disadvantages for investors.
This includes the obligation of the financial service provider to inform its clients about the most important characteristics of the transaction before concluding a share deal. This applies both to the respective investor and to the investment itself. According to the idea, further information is essential for clients who want to engage in highly speculative or risky transactions.
Providers such as Gomafxtrade have a responsibility towards their corporate clients. This goes well beyond the provision of a product or service. Is the provider authorised to sell financial products? You should definitely clarify this. In this context, you can use the broker check database of a financial supervisory authority and enter the brand name of the provider in the search field.
Does Gomafxtrade offer trading entry with trial investments?
Does Gomafxtrade persuade you to try out investments with a small amount? You cannot find any data about the financial service provider because it is supposedly a newly founded company with exciting business ideas? The probability is high that the “insider” advice is a deception. After a short time, the 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 make you want to make more investments. Here are some examples of dubious investment tips:
- “With the fully automated stock profit method, you will make €3500.00 a month!”
- “Would you like to turn €1000 into €250,00.00?”
- “5-star stock with a dividend of 47.88%”
- “Sacrifice just five minutes of your life and become a stock market billionaire.”
Anyone who promises too much, and that too unsolicited, is seldom serious! Nevertheless, also check which offers and guarantees are made to you by the financial service provider Gomafxtrade.
Have you had any experience with unauthorised orders?
Placing orders for securities transactions without the account holder’s consent can sometimes lead to a sudden rise in the price of particular shares. This applies in particular to open market transactions in illiquid foreign securities (over-the-counter market). Therefore, be alert if you are asked to disclose personal data about the investment with Gomafxtrade without your consent with reference to apparently lucrative deals or profit announcements.
Under no circumstances should you provide your IBAN, SWIFT code and other bank codes to anyone you do not know. Likewise, you should not disclose your account or deposit numbers and passwords. Do not hand over custody account documents or securities statements from Gomafxtrade to a third party you do not know. Callers posing as investment advisors, brokers or employees of a financial regulator are also unpredictable.
Distribution only realisable after further transaction?
Investors are repeatedly wooed by an “online broker” or a call centre employee as soon as they have registered on the alleged online trading platform. The intention is to persuade the investor to increase his long-term investments in order to maximise profits. This is also an initially legitimate goal of the online broker Gomafxtrade. Shortly after the client has transferred his money, preliminary profit developments will presumably be shown on his user account.
This should encourage the investor to continuously invest in the financial instrument. The operators of the trading platform, on the other hand, can use fraud software to simulate fake account changes and earnings without the client noticing.
Make sure that the accounts can also be authorised at Gomafxtrade.
In reality, no trading takes place at all on quite a few platforms. Instead, the transferred assets are forwarded by the perpetrators to accounts outside Germany. This is not noticed by the investors for the time being. The “financial service providers” delay the disbursement of the reported 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, communication breaks down completely. The money deposited is used up. At this point, the only option is to go to a lawyer to take the necessary measures.
Exit options – which are difficult to recognise
Find out at what time and how much money is paid out. Ideally, avoid long-term contracts that cannot be terminated prematurely or where you would suffer considerable monetary losses. Only conclude longer-term contracts without the possibility of early termination with providers like Gomafxtrade whose credibility you have no doubts about.
Even if you have the option to waive a contract at any time or to terminate it over a specified period of time, you should be sceptical. Even if these options do exist, you may still be vulnerable to monetary damages. Make sure you know exactly how much capital you will recover if the investment goes wrong. The following rule applies to transactions involving shares:
Before the end of the contract period, find out what options are open to you to redeem share certificates.
Usually it is crucial to find out whether there is a liquid market for offers – such as those provided by Gomafxtrade. It is possible to sell share certificates via an online broker or a financial institution. All three options are permitted for the placement of a sell order. The actual selling process is therefore carried out via a stock exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks).
Order supplements can be used to control the execution of the order in advance. The sale of the share certificates takes place at a time and place defined by you.
Refunding investments at Gomafxtrade: Improve your prospects
It is advisable to take action as soon as possible if the suspicion that a service provider is not working correctly is confirmed and the risk exists that the broker will not make his payments. Apart from a report filed by our law firm on behalf of our clients with the police authority and a report to the financial supervisory authority, the online broker should possibly also be held legally responsible.
This involves an assessment of the contractual claims against the provider as well as possible compensation options. 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 financial institutions may exist, for example, in the case of money laundering or other criminal activities.
However, this must be examined on a case-by-case basis. If your provider refuses to pay out, you should therefore contact a professional law firm immediately:
- Tell us how long the online broker has not paid for
- Give us the names and contact details of all the people you have been in contact with
- Tell us about your case by e-mail
The Herfurtner law firm will carry out a free initial assessment for you in connection with Gomafxtrade. In addition, we will promptly inform you whether we believe you have a real chance of recovering your losses.