Hoinex – on its own website https://hoinex.site/ the company described itself as a trading platform. Hoinex had offered its clients a wide range of services. The website of the provider is currently no longer available. If you have invested with Hoinex and there are problems with the distribution, the lawyers of the Herfurtner law firm will be happy to help you.

Hoinex – How is the online broker to be assessed?

Currently, there is a very high number of investment service providers such as Hoinex. Thus, investing in the volatile financial markets has never been as easy but also risky as it is now. Precisely because there are a large number of options, choosing a broker can be time-consuming and daunting. Especially if it is supposed to satisfy your respective investment intentions. Have you already invested with Hoinex? Then the following points are important for you as an investor.

  • State-licensed brokers on the internet, trustworthy provider websites, fees and bonuses, product options and customer reviews are just selected considerations that you should take into account when making your final decision.
  • An optimal place for investors to go to inquire about securities, futures, options and cryptocurrencies is an online presence like this one.
  • Accessing the world’s financial markets becomes more practical and affordable for investors through online investing.

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

Checklist: What subtleties you need to watch out for with providers like Hoinex

The following list serves to protect you from online brokers with dubious intentions.

  • In which location is the provider’s head office?
  • Do not use remote access software to gain access to your terminals.
  • Find out as much as you can about the retailer and the goods you want to buy (search engines, forums, online map services).
  • Ask yourself: What is the name of the contact person I should get in touch with?
  • Is a company like Hoinex listed in the company database of the competent EU supervisory authority?
  • Is the online trading provider Hoinex a company licensed by the Federal Financial Supervisory Authority or in another EU country?
  • Do not accept unsolicited investment recommendations from strangers via advertisements on the phone or emails.

Online broker Hoinex calls without notice?

Have you ever received a phone call from a stranger offering you a special deal? Under no circumstances should you respond to it without checking carefully. Unwanted calls are against the law. “Cold calling” is expressly forbidden at securities service providers and other companies such as Hoinex. There are also groups that pretend to work for professional web trading platforms. In this way, they want to get people to give them their personal information.

With all regularity, you will be asked to deposit more money after your initial deposit. Phone scammers are always coming up with new ways to deprive investors of their savings, cash and other valuables. A common method used by swindlers is to call the people they want to harm at inconvenient times of the day. This is, for example, very early in the morning or very late at night. In other words, times when they are least concentrated.

In addition, the criminals pretend at the beginning of the conversation that they and the person being called know each other. The other method works as if the callers are customer-friendly. In this way, the criminals give the person they are talking to on the phone a feeling of goodwill and trust. Check whether you are really dealing with the Hoinex company when you are contacted by telephone.

Ponzi scheme definition

A Ponzi scheme, or Ponzi scheme, is a type of financial fraud. In which funds are collected from new investors and then used to distribute capital to the original victimised individuals. The masterminds of Ponzi schemes usually claim to invest your money and reap huge profits without putting your assets at risk. Regardless of all this, the lawbreakers in many Ponzi schemes do not actually invest the money they take. Instead, it is used to pay off people who paid in earlier.

This allows the criminals to keep some of the wealth for themselves. So pay attention to the risk-reward ratio in all investments – including Hoinex. Ponzi schemes require a constant influx of fresh money to keep running, as they have little or no real income. Many of these schemes fail when it becomes arduous to generate new money investors or when a considerable number of investors drop out. If you want to invest capital with a service provider like Hoinex, you should always act with caution. Signs to look out for include:

  • Is there a problem with the documentation? If there are errors on your account statement, this may be an indicator that your money is not being invested according to plan.
  • Selling without licensing: Investment professionals and firms must be licensed or registered, true to federal and state securities regulations. The most common Ponzi schemes involve unlicensed people or providers.
  • Investments that are not registered with financial regulators. In the most common cases, Ponzi schemes are unregistered investments that are not controlled by government authorities such as Bafin.
  • Risk-free returns with little or no volatility. Every investment carries a certain amount of risk, and the riskier an investment is, the more likely it is to yield a high return.
  • Overly predictable outcomes. Over time, financial investments tend to rise and fall. Any investment that produces high returns without interruption, regardless of market conditions, should be viewed with a high degree of disbelief.

Warning signs of capital investment fraud

Do you want to invest with Hoinex? If so, you should find out all the relevant information about the company. Investment fraud is a special form of fraud. The perpetrator guarantees or pretends a lucrative investment on the capital market to a larger circle of people. Capital investment fraud is sanctioned according to § 264a StGB with a prison sentence of up to three years or with a fine. The following services and tactics can sometimes be considered as capital investment fraud:

  • Unwanted telephone advertising calls, so-called cold calling
  • Boiler room scam, a cold call in which lenders are sought by telephone call
  • Participations in securities, funds and certificates
  • Participations in companies

Anyone who has fallen for investment fraudsters has usually invested a lot of financial resources. What can you do in case of investment fraud?

  1. Recovering capital: If payments have been made via credit card, in many cases this can be recovered by ordering a lawyer’s office. In the case of bank transfers from the current account, this can often be recovered by bank order.
  2. Revoke or contest contracts: Affected persons who have entered into a contract can revoke or challenge said in cases of investment fraud.
  3. Involve the police and supervisory authorities through a lawyer: There are collective police proceedings against particular fraudulent companies in the FRG and also in other countries. The criminal investigation department is authorised to have the fraudsters’ accounts blocked and the money confiscated. In addition, the public prosecutor’s office is called in.
  4. Claim damages: Clients who were not advised correctly can assert claims for damages against the investment advisor.

Lost investments & received an unsolicited offer of help shortly afterwards?

Anyone who has ever lost capital to a fraudulent investment platform knows how devastating this can be. That alone is terrible enough. But on top of that, the criminals behind the bogus model contact you by email or phone in a very short time. This time, however, they do not pretend to be financial advisors from Hoinex. Rather, they guarantee to help recover the stolen assets for a fee. Many criminals even seem to have been hired or instructed by reputable organisations such as a financial authority.

After stealing your personal data, the criminals often pose as good Samaritans. They guarantee to assist you in recovering the stolen money. Even if you have invested money with a provider like Hoinex, your contact details may be stolen. Anyone who has lost a large amount of money is usually desperate. Criminals take advantage of people’s desperation by posing as money recovery companies. They offer their services under the bogus pretext of assisting them to recover their capital.

That is, they guarantee in a dubious manner that they will get back the lost capital.

What to do in case of losses with Hoinex?

In case you have already made investments with Hoinex and now want to get them back, there are different methods.

  1. If there is a suspicion that the accounts to which our clients have transferred funds are part of a money laundering scheme, these accounts can be blocked. Payments into these accounts can then be reclaimed from the receiving bank.
  2. If an analysis by our lawyers shows that the platform operator may have acted fraudulently, we file criminal charges on behalf of our clients with the responsible investigative authorities. Our law firm is in regular contact with public prosecutors who conduct nationwide investigations. There are often many hundreds or even thousands of aggrieved investors in these investigative proceedings. The investigations also regularly extend to other EU countries. In recent years, the public prosecutor’s offices have repeatedly achieved significant successes in their investigations.
  3. If no solution to the problem can be found with the operator of the investment platform, a complaint should be filed with the responsible supervisory authority. This authority will review the facts of the case and may order the service provider to pay compensation. Our client will then receive the amount of money back from the service provider. Addressees for complaints can be, among others, financial supervisory authorities or financial ombudsmen.
  4. Often, a solution can be agreed directly with the service provider. In many cases, we can reach out-of-court settlements with service providers. Our clients then recover their full payment or a share of it.
  5. In the event that transfers have been made abroad, the tax authorities and financial institutions based abroad can be informed. They will then usually initiate their own investigations. This also has the aim of seizing funds in the accounts and then transferring them back to our clients.