Horizon FX Pro – The online broker is, according to information found on the website of the provider https://horizonfxpro.com/, a provider for online trading that offers its customers a wide range of services. Accordingly, Horizon FX Pro takes care of its clients’ investments.
The Spanish CNMV included the URL of the provider in a list for unregistered service providers.
Are you encountering complications with the distribution of your capital investment? Our lawyers can help you with claims against Horizon FX Pro.
Horizon FX Pro – Broker Assessment
Currently, there is an enormous number of online trading platforms such as Horizon FX Pro. This means that investing in the volatile financial markets has never been as easy but also as uncertain as it is today. Especially because there are a large number of opportunities, choosing a provider can be time-consuming and intimidating. Especially if it is to suit your particular investment intentions.
Have you already invested with Horizon FX Pro? Then the following points are significant for you as an investor.
- In the area of trading online, you can use a large number of order types.
- An optimal place to start for investors who want to find out about share certificates, futures, options and cryptocurrencies is an online presence like this one.
- Licensed brokers on the internet, reputable provider websites, costs and commissions, product options and key data are only selected aspects that you would have to consider when making your final choice.
The following are general suggestions for investors – regardless of the platform you are investing in.
Invest with Horizon FX Pro? Know all the dangers of online trading beforehand
Just as the stock market and other financial markets are subject to certain risks and dangers, so is online trading. As an investor, you should therefore check Horizon FX Pro with regard to subsequent questions:
- Online trading platforms that are not trustworthy
- Risks that may be associated with such offers, such as possible losing trades
- The risks and dangers of online security
- Dangers arising from negligent or unqualified trading
- Insufficient knowledge of the product
Minimise the risk by ensuring that you have a proven track record when choosing a provider. In this context, it is equally important that you are assured of reliable money management. This is the only way you can navigate the online trading world with any degree of confidence.
Traders who have a skillful hand can very well profit from this, and their profits may be above average. Provided they have the right strategy. Everyone who starts trading should be aware of one thing: The risk of losing more money than deposited into the Horizon FX Pro provider’s bank account when trading on the stock exchange exists at all times.
Does Horizon FX Pro have foreign bank accounts and require bank transfers?
Is it advantageous for you to transfer funds abroad? Look carefully at what you are doing. Countless investors have lost capital in this regard. It is possible that you lose the overall picture of where your funds are going and how they are invested. When capital has been provided to a broker, it has often happened that the provider did not invest the amount received as agreed or even not at all.
There have also been cases where the company simply did not exist, although it presented itself accordingly like Horizon FX Pro. Continuing the trend of the former “Nigeria Connection”, many emails from Africa (in English, so-called “scams”) are constantly circulating. These are targeting institutions and private investors.
Dubious messages are also reported from other African countries. In the past, the scammers only operated from dubious locations. Today, they operate from completely different places such as the United Kingdom (including London), the Netherlands, Canada, the Kingdom of Spain, Dubai and others. For the vast majority of people, it’s laborious to expose tricky methods.
Institution often receive e-mail orders with very large order volumes that are disproportionate to the usual purchase amounts. In order to lure the German company, they proceed with very large promises of profits. However, the considerable order volume only serves as a means of pressure in the communication with the producer in order to demand correspondingly increased registration and licensing costs.
It is not always clear whether the addressee of this payment is also the purchaser of the products. However, one can assume that companies that are active abroad will not have to pay regional taxes on deliveries to other countries in the foreseeable future. As a rule, this also applies to investments in Horizon FX Pro.
Pump and Dump – a widespread scam
The term pump and dump is used to describe a procedure in which the market price of a share is artificially inflated by insiders. Subsequently, the same share is sold to the other investors at a loss. This is therefore a fraud. A trickery that profits from the naivety of small investors and stock market novices.
This approach is therefore illegal in a controlled stock market and for service providers such as Horizon FX Pro. The crypto market, by contrast, is still by and large “Wild West” as far as those tactics are concerned. For this reason, extreme vigilance is essential! Pump-and-dump scams are often encountered there in the context of the commonly referred to altcoins.
The pump-and-dump scam is used by criminals to inflate the value of an unknown or even independently created currency. They achieve this by spreading disinformation on the web or on social media or by recruiting co-investors with unreasonable profit expectations. So make sure that the provider Horizon FX Pro provides you with all the necessary information on this very topic if you wish.
Online trading platforms: Learn to recognise reliable brokers
There is a plethora of investment goods on questionable internet platforms, which are aggressively advertised in forums and social networks to lure investors. In addition, “multi-level marketing” is used to solicit new investors. In particular, the assurance of timely profitability is emphasised in the advertising. In order to start investing, an interested investor must first create a user account with the online trading platform – such as Horizon FX Pro.
Then the alleged brokers contact the investor via a call centre and try to persuade him to pay large sums of money. The positive attitude of investors towards cybertrading is partly supported by the idea of future profits. Clients are more willing to invest in the future if they see exactly the kind of results they dream of.
At this stage, investors are misled by a manipulated trading algorithm about the true evolution of stock market data and prices. Horizon FX Pro does not necessarily fall into this category. The perpetrators use their own biased price values to calculate returns. This means that the trading provider has complete control over whether or not a profit is made.
Until the alleged profits are paid out, this rip-off continues. If the investor wants the payout, the clients surprisingly no longer have access to their accounts and the personal client advisors associated with them. The vast majority of investors lose all their assets invested in such illegal trading, forcing them to seek legal assistance.
What fees can I incur when trading online?
Before investing with Horizon FX Pro, find out how much of your investment amount will be used to cover costs, fees and commissions. This is a useful time to fully check the info provided by the providers! Investors must be informed about all calculated fees and their impact on the profit margin of investment service providers.
In addition, the costs must be presented separately. If you request a presentation of the individual costs, the securities service providers are obliged to provide you with this information. For obvious reasons, a service provider such as Horizon FX Pro is normally interested in as many trading transactions as possible. Often the costs are so high that it is difficult to make a profit.
The costs can even eat up the invested assets in a very short time. Therefore, be sure to pay attention to the costs! The broker’s trading fees must be visible to everyone. The transparency of the cost structure is also set out in the applicable rules and regulations. In the event of a violation, the provider’s regulatory licence can be withdrawn.
Get your investment back from Horizon FX Pro? Contact our law firm
Investors who have suffered losses with a provider such as Horizon FX Pro, or who are having difficulty withdrawing their money, should first and foremost stop making additional deposits. Afterwards, it is always advisable to seek legal advice and have them examine any possibility of refunding investments. It is important:
- acting swiftly
- do not lose hope
- seek legal help
Do you have questions about the provider Horizon FX Pro? In this case, our lawyers are at your disposal. Feel free to contact us to discuss the topic of Horizon FX Pro.