Green Wealth Crypto Hub – The supposed financial service provider Green Wealth Crypto Hub presents itself as an online broker on its own website https://greenwealthcryptohub.com/.
You encounter complications with the distribution of your capital investment? Our lawyers can help you with claims against Green Wealth Crypto Hub.
Green Wealth Crypto Hub – Broker at a glance
Currently, there is an exceptionally high number of providers such as Green Wealth Crypto Hub. As a result, investing in the volatile financial markets has never been as easy but also as uncertain as it is today.
Especially because there are so many opportunities, choosing an online broker can be time-consuming and intimidating. Especially if it is to suit your individual investment plans.
Are you considering investing money with Green Wealth Crypto Hub? In this case, the following points are weighty for you as an investor.
- An optimal address for capital investors who want to enquire about shares, futures, binary options and cryptocurrencies is a website like this one.
- Entering the global stock markets becomes more practical and lucrative for investors through online investing.
- Trading on the web allows you to use a variety of order types.
The following tips are general suggestions for investors – regardless of the platform in which you invest capital.
Are online brokers like Green Wealth Crypto Hub trustworthy?
There is a wide range of investment options available to money investors, with reliable and questionable providers competing for their attention.
There are many indications that a financial service as well as an offering is not reliable, and it is significant to have a focus on this. Here are the details to look out for in the event that you are investing your hard-earned money.
Banking, financial services and insurance companies such as Green Wealth Crypto Hub are only allowed to operate in the Federal Republic of Germany with state authorisation. The companies have been granted a licence, but this in no way means that the products they offer are of excellent quality.
In the event that a prospectus or information sheet approved by the German financial authorities has already been published, securities and investments can also be made available to the general public.
The Federal Financial Supervisory Authority alone ensures that prospectuses are complete, comprehensible and logical. The prospectus or information sheet of Green Wealth Crypto Hub is not necessary in every case.
Before you invest, you should consider your permanent expectations and whether you have the economic means to achieve them. Do not rush the process. Before you put your money into an investment, you should take time to review the pros and cons. Do not make a choice instantly, even if you have consulted with others.
Does Green Wealth Crypto Hub require payments abroad?
Is it beneficial for you to transfer funds abroad? Consider carefully what you are doing. Many investors have already lost capital in the process. You may lose track of where your funds are going and how they are invested.
When capital has been provided to a provider, it has often happened that the provider does not invest the amount of money received as agreed or even not at all. There have also been cases where the company simply did not exist, although it presented itself in a similar way to Green Wealth Crypto Hub.
Apart from the regulated service providers, there are numerous dubious online trading platforms, in which an almost identical procedure can be seen in the majority of cases. New investors are contacted by employees of the respective trading website. For example, by telephone, after the customer has left non-binding contact data on the trading website.
In many cases, however, they are also contacted by mass e-mails. These entice them with seemingly lucrative investments.
In the short term, the investor is provided with a personal broker who guides him or her through the process of setting up a customer account and making the first payments. The investor feels well supported at first and trading usually starts with small sums.
But soon higher investments are demanded – very often to accounts abroad. These payments are intended to increase the potential profits.
Problems with fraudulent providers finally arise when the investor wants a payout. This is often repeatedly postponed or linked to additional payments such as alleged taxes and commissions.
In the past, the perpetrators only operated from unclear locations. Today, they are active from completely different locations such as the United Kingdom (incl. London), the Netherlands, Canada, Spain, Dubai and others.
For the vast majority of people, it is difficult to unmask tricky schemes. Companies often receive e-mail orders with enormous order volumes that bear no relation to the usual purchase amounts. In order to lure the German company, enormous promises of profits are made.
However, the considerable order volume only acts as a means of pressure in the communication with the provider in order to demand correspondingly increased authorisation and registration costs.
It is not always clear whether the addressee of this payment is also the purchaser of the products. Irrespective of this, one can assume that suppliers operating abroad will not have to pay local taxes on deliveries to other countries in the foreseeable future. Check whether this also applies to investments at Green Wealth Crypto Hub.
Ponzi scheme definition
A Ponzi scheme, or Ponzi scheme, is a type of financial fraud. In which assets are collected from new investors and then applied to pay out capital to the former victimised individuals.
The masterminds of Ponzi schemes usually postulate that they would invest your assets and reap huge profits without risking your money. Yet, in many Ponzi schemes, the lawbreakers do not actually invest the assets they receive.
Rather, it is used to compensate people who paid in earlier. This allows the perpetrators to keep some of the wealth for themselves. So pay attention to the risk-reward ratio in all investments – including Green Wealth Crypto Hub.
Ponzi schemes need a steady inflow of new money to keep running, as they have little or no real income. Many of these schemes fail when it becomes onerous to attract fresh backers or when a substantial number of investors drop out.
In the event that you want to invest with an online broker like Green Wealth Crypto Hub, you should always act prudently.
Among the pointers you should look out for are:
- Risk-free profits with little or no volatility. Every investment involves a certain amount of risk, and the riskier an investment is, the more likely it is to yield a high return.
- Investments that are not registered with financial regulators. In the most common cases, Ponzi schemes are unregistered investments that are not supervised by state authorities such as Bafin.
- Strategies that are not easy to recognise. Keep your assets out of the stock market if you do not know enough about it.
- The payment of returns does not work out? If you are not receiving any payments or are finding it difficult to get paid out, you should be on your guard. Ponzi scheme operators may try to encourage participants to stick it out by promising even higher returns if they don’t withdraw money.
Check advertisements for online platforms for respectability
A variety of investment goods exist on questionable internet platforms, which are relentlessly advertised on blogs and social media to lure capital investors.
In addition, “multi-level marketing” is used to solicit new investors. The advertising mainly emphasises the guarantee of immediate profitability.
In order to start investing, an interested investor must first create an account with the online trading platform – such as Green Wealth Crypto Hub. Then the apparent online brokers contact the investor via a call centre and do everything they can to convince him to invest large sums of money.
The investors’ hopeful attitude towards cybertrading is partly reinforced by the idea of future profits.
Buyers are more willing to invest in the future if they see exactly the kind of results they expect. At this point, investors are deceived by a corrupted trading algorithm about the true trend in stock market data and prices. Green Wealth Crypto Hub does not necessarily belong to this category.
The perpetrators use their own unilaterally defined price values to calculate returns. As a result, the financial service provider has complete control over whether or not a profit is made.
Until the alleged returns are paid out, this deception will continue. If the investor demands payment, the purchasers suddenly no longer have access to their accounts and the personal client advisors associated with them. The majority of investors lose their money fully invested in such fraudulent trades, forcing them to seek help from a lawyer.
Get out of contracts: Value transparency
Check at what time and how much money you will be paid out. Optimally, avoid longer-term contracts that cannot be terminated early or where you would suffer significant financial losses.
Only conclude long-term contracts with no early termination option with financial service providers such as Green Wealth Crypto Hub, whose credibility you have no doubts about.
Even if you have the chance to waive or cancel a contract at any time over a specific period, be critical. Even then, if these points are given, you may still be vulnerable to monetary damages. Make sure you know in detail how much money you will get back if the investment goes wrong.
For securities transactions, the following rule applies:
Before the end of the contract period, find out what options are open to you to sell securities.
It is usually crucial to know whether there is a liquid market for products such as those offered by Green Wealth Crypto Hub.
It is possible to sell shares via a broker or a financial institution. All three methods are permitted for placing a sell order. The actual selling process is then completed via an exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks).
With order supplements, the execution of the order can be controlled from the beginning. The shares are discharged at a time and place defined by you.
Legal advisors give advice on Green Wealth Crypto Hub
In order to be able to assess whether you have a repayment claim against the provider Green Wealth Crypto Hub, it is always necessary to assess your case in particular. The lawyers of the Herfurtner law firm will carry out this assessment for you in the context of a free initial consultation.
The starting point for this assessment is always the facts of your case. In addition, similarities to comparable cases can usually be drawn. You therefore benefit from the extensive experience of our lawyers.
After the entire evaluation of all documents and the legal classification, the approach is first oriented against the service provider Green Wealth Crypto Hub itself, should certain breaches of duty be verifiable. In order to be able to confirm such breaches of duty, the contract documents, the e-mail message history and possibly also additional documents must be analysed.
Furthermore, regulated online trading providers are equally obliged to make and keep telephone recordings of conversations with investors. The demand for the release of this documentation and the subsequent review is nevertheless an advisable and necessary step to enforce your claims.
By means 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 taken into consideration here. Because large sums of money are often involved, the question repeatedly arises as to whether the institutions 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 in many cases is not identical with the financial service provider itself. Under certain circumstances, the financial service provider may also be held liable if breaches of duty can be proven.
After all options under civil law have been exhausted, there is still the option of proceeding under criminal law if the initial suspicion of a criminal offence is substantiated. This requires contacting investigating authorities at home and abroad and coordinating further measures.
In the meantime, many federal states have established special departments for the topics of online and crypto-trading fraud. The lawyers of the Herfurtner law firm are in regular contact with these departments.
Last but not least, hosting providers can also provide valuable information on domain holders. However, contacting the providers, who are often located outside the EU, is extremely complicated for the layman.
Likewise, financial authorities at home and abroad are useful contact points for aggrieved investors.
Apart from the complaint against the provider in question, which should protect other possible investors from investments, other details can possibly be obtained through the financial authorities as a source of information.
These details often allow for the networking of investigative proceedings in Germany, Austria and Switzerland.