Grandecoins – the company describes itself on its website as an online broker. Grandecoins offers its clients various services in the field of cryptocurrencies. You encounter problems with the payout of your investment? Our lawyers can help you with claims against Grandecoins.

Grandecoins – Broker overview

Currently, there is a very high number of online trading platforms such as Grandecoins. This means that it has never been as easy but also risky as now to invest in the unpredictable financial markets. Especially because there are so many options, choosing a broker can be time-consuming and frustrating. Especially if you want it to suit your individual investment needs.

Are you thinking about investing with Grandecoins? Then the following aspects are important for you as an investor.

  • Access to the transnational stock markets is becoming more practical and affordable for money investors through online investing.
  • An optimal address for capital investors who want to inform themselves about shares, futures, binary options and cryptocurrencies is a homepage like this one.
  • When trading on the web, a wide range of order types can be chosen.
  • Regulated brokers on the internet, trustworthy providers, costs and brokerage fees, offer options and key data are just some of the factors you would need to consider when making your final choice.

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

Is Grandecoins licensed by financial authorities?

Both financial markets and investor protection benefit from rules of conduct and organisational accountability. Investment services firms and providers such as Grandecoins must follow a set of standards of conduct. The same applies to their employees. This is to prevent conflicts of interest and associated disadvantages for investors.

This includes the obligation of the provider to inform its corporate clients about the crucial features of a bond transaction before it is concluded. This counts for the individual investor as well as for the investment itself. In line with this idea, extended information is essential for corporate clients who want to engage in highly speculative or risky transactions. Towards their clients, companies like Grandecoins have a duty of care.

This goes far beyond making a product or service available. Does the provider have a licence to distribute investment products? You should definitely clarify this. To do this, you can use the broker checklist of a financial supervisory authority and enter the name of the service provider in the search mask.

Unique development potential or enormously high profits with Grandecoins?

Check how confidence-inspiring the offer of Grandecoins is. Is the interest rate you have been offered particularly high? Can you earn a large amount of money with just a fewEURO? These offers are usually nothing more than misleading. Be sure that criminals are often hiding behind these tempting options. As a rule, nothing is invested in these investment offers. Therefore, assess how trustworthy the offer from Grandecoins is.

Scams are usually implemented by con artists in this way. Financial products that are supposed to be blandly lucrative are advertised in prominent places on the net. The perpetrators claim that they will receive any amount of money. At the beginning, the investment amounts are relatively small. Those who register are consulted by a fictitious broker or securities broker. The fraud victims then receive access to an apparent investment software after depositing the money.

Dubious offers can also be identified by promises of returns that are significantly above the market average. An investor’s risk of losing financial resources also grows in direct proportion to the expected profit margin with Grandecoins. One option to find out about the average market return is the business sections of newspapers or the web presence of the Deutsche Bundesbank. You should also treat tips for companies with exceptional growth potential with caution.

Low costs and low trading volumes make penny stocks, for example, exceptionally susceptible to speculation and manipulation.

Is it possible to make a safe deposit on the grey capital market?

Only a few of the financial market participants such as Grandecoins are subject to official regulation and supervision. In the grey capital market, financial service providers are positioned that do not need a licence from BaFin and only have to comply with a few regulatory requirements. Only invest in the grey capital market if you are sure of the provider’s solvency and it is known to you as a company.

As I said, the Federal Financial Supervisory Authority has no control over these service providers. The grey capital market includes a variety of options. There are:

  • Order bonds
  • Direct investments such as in timber, precious metals or other commodities
  • Crowdfunding offers
  • Equity investments
  • Profit participation rights and other hybrid bond forms
  • Loans with subordination clauses

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

Is it not easy for you to see through the product on offer? Then you should find out as much information as possible before making a choice. Don’t buy anything you don’t fully understand! When it comes to financial transactions, the more experience you need, the more sophisticated the financial instrument. It is also not advisable to concentrate all your assets on one product. Spread your risk beyond Grandecoins.

To avoid being swayed to your disadvantage, it is advisable to always focus on the product itself rather than the brand name or reputation of the financial service.

Cybertrading: What are the characteristics of credible service providers?

Classic capital investment fraud is carried out using well-known methods such as advertising, telephone canvassing or stock market letters. When it comes to fraud, the outdated method is quickly becoming obsolete in the digital age. The modern type of investment fraud can be described with the term “cybertrading”. Investment products are traded here with dishonest intent via the World Wide Web.

Dishonest investments include financial products such as contracts for difference and virtual money. Even the offers of Grandecoins were used by other providers in a similar way to hoodwink investors. Investors are increasingly informing themselves online about investment options. Thus, people rely on their individual know-how or on the tips of others in weblogs, forums and other online portals when making their decision.

The switch to ever different financial products has no lasting effect on the unlawful activities in terms of gang structure. Since the mafia-like organisations rely on already existing and widely accepted infrastructures, there is no need to switch to a new “business model”. No matter which financial product is traded, the process of cybertrading is almost congruent. These investment products are aggressively promoted on social media or with affiliate marketing.

In this context, it revolves almost exclusively around the illustration of insanely high monetary gains. Calculate the likelihood of earning high profits on Grandecoins before you invest.

Sudden offers of help to recover assets?

Anyone who has ever lost capital to a fraudulent investment platform knows how disastrous that can be. That alone is terrible enough. But in addition, the rip-off artists behind the bogus entity contact you within a short time by e-mail or telephone. This time, however, they do not pretend to be Grandecoins investment advisors. Instead, they promise to help you recover your lost capital in exchange for an upfront payment.

Many criminals even appear to have been hired or engaged by trusted entities such as a tax authority. After stealing your personal information, the scammers usually pose as good Samaritans. They promise to assist you in recovering the stolen money. Even if you have deposited money with a service provider like Grandecoins, your contact details may be stolen. If you have lost an immense amount of money, the majority of people are desperate.

The criminals take advantage of people’s concern by calling themselves money recovery service providers. They offer their services under the guise of assisting them to get their money back. This means they promise in a dubious manner that they will get back the lost capital.

Losses with Grandecoins – Recommendations for action from a lawyer

Investors who have suffered losses with a service provider like Grandecoins, or who have difficulties getting their winnings paid out, should first avoid making additional deposits. Afterwards, it is highly advisable to consult a legal advisor to clarify any possibilities for refunding investments. It is important:

  • act quickly
  • seek legal assistance
  • do not lose hope

Do you have questions about the provider Grandecoins? In this case, our legal advisors are ready to provide information. Feel free to contact us. You can access our contact form here to exchange information about Grandecoins.