Hostbitc – The company advertises itself as an online trading platform. On its website, ingenious investments in the field of cryptocurrencies are possible. If you have invested capital with the provider Hostbitc and now have complications with the repatriation, the law firm Herfurtner will help you reliably and comprehensively.

Hostbitc – risky Crypto Trading?

Currently, there is an enormously high number of investment service providers such as Hostbitc. This means that investing in the volatile financial markets has never been as easy but also as risky as it is today.

Especially because there are many options, choosing a provider can be time-consuming and challenging. Especially if you want them to meet your investment needs. Are you considering investing money with Hostbitc? In this case, the following aspects are important for you as an investor.

  • Access to the world’s stock markets is becoming more convenient and affordable for investors through online investing.
  • Regulated brokers on the internet, secure provider sites, fees and brokerage charges, product options and client reviews are just selected criteria that you would need to include in your final choice.
  • A good place to start for investors who want to learn about equity, futures, binary options and cryptocurrency is a website like this one.
  • In the online trading section, you can choose from a number of order types.

The following information is general advice for investors – regardless of the platform in which you invest capital.

Hostbitc provider checklist: General advice to protect you from risks

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

  • What is the location of the company’s headquarters?
  • Is the trading service provider Hostbitc a company licensed by BaFin or in another EU country?
  • Is a provider like Hostbitc listed in the company database of the respective EU supervisory authority?
  • Find out as much as possible about the company and the goods you want to buy (search engines on the net, forums, online card services).
  • Is there a complete imprint on the online presence?
  • Do not accept any unsolicited investment recommendations from strangers via advertising calls or e-mails.
  • Identity theft is a serious nuisance: please do not hand over a photocopy of your photo ID. Criminals usually ask you to do this.
  • Do not use remote access software to gain access to your terminal equipment.

Unprecedented development potential or enormously high profits at Hostbitc?

Check how confidence-inspiring Hostbitc’s offer is. Is the interest rate provided to you exceptionally high? Can you make a large amount of money with just a fewEUR? These offers are mostly nothing more than a deception.

Be sure that criminals are often hiding behind these tempting options. As a rule, not the least is invested in these investment offers. Therefore, investigate how trustworthy the Hostbitc offer is. Frauds are often carried out by tricksters in this way.

Financial products that are supposed to be lucrative are advertised in prominent places on the WWW. The criminals claim that they will earn a lot of money. At the beginning, the investment amounts are relatively marginal.

Those who register are contacted by a fictitious stockbroker or securities broker. The victims of the scam then receive access to an apparent investment software after paying the money. Dubious offers can also be recognised by promises of returns that are significantly above the market average.

An investor’s risk of losing capital also increases in direct proportion to the expected margin in the case of Hostbitc. One opportunity to find out about the usual market return is the business sections of daily newspapers or the web presence of the German Bundesbank.

Similarly, you should treat tips for companies with exceptional growth potential with caution. Low costs and very low trading volumes make penny stocks, for example, exceptionally vulnerable to speculation and manipulation.

Pump and Dump: How does the scam work?

The term pump and dump is used to explain a situation in which the market price of a stock is artificially inflated by insiders. The share is then sold at a loss to the rest of the investors. This is therefore a fraud. A deception that profits from the ignorance of small investors and stock market novices.

This strategy is therefore not allowed on a controlled stock market and for providers like Hostbitc. The crypto market, on the other hand, is still largely “Wild West” as far as these tactics are concerned. For this reason, extreme attention is indispensable!

Pump-and-dump scams are more common 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 do this by spreading disinformation online or on social media or by luring co-investors with unreasonable profit expectations. So make sure that the provider Hostbitc provides you with all the necessary information on this topic, if requested.

Broker refuses to pay out? Act quickly & contact a lawyer

Investors are often wooed by a “broker” or a call centre representative the moment they have registered on the supposed online trading platform. The aim is to persuade the investor to increase his permanent investments in order to maximise profit.

This is also a legitimate goal of the service provider Hostbitc. Shortly after the client has transferred his money, preliminary profit developments will presumably be displayed on his account. This should encourage the investor to invest in the financial product on an ongoing basis.

The operators of the trading platform, on the other hand, can use fraud software to fake improper account movements and money profits, even without the buyer noticing.

Check that accounts can also be verified with Hostbitc.

In reality, no trading takes place at all on various online trading platforms. Instead, the money transferred is transferred by the fraudulent brokers to bank accounts abroad. This is not noticed by the clients at first.

The “financial service providers” delay the disbursement of the presented profits by demanding the payment of apparently incurred taxes and commission costs from the investors. The deceptive manoeuvres only serve the purpose of increasing revenues.

At some point, communication breaks down completely. The money deposited is no longer there. From this point on, the only thing left to do is to go to a lawyer to launch the necessary measures.

Reputable service providers show exit alternatives

Clarify when and how much money will be paid back to you. It is best to avoid longer-term contracts that cannot be cancelled early or where you would suffer enormous monetary losses.

Conclude long-term contracts without the possibility of early termination solely with service providers such as Hostbitc, whose reliability you have no doubts about. Even if you have the chance to waive a contract at any time or to terminate it over a fixed period of time, you should be critical.

Even if these criteria are met, you are still vulnerable to monetary damages. Make sure you know exactly how much capital you will get back if things go wrong. For securities transactions, the following provision counts: Before the end of the contract period, find out what options are open to you to redeem share certificates.

It is often important to find out whether there is a liquid market for offers such as those made by Hostbitc. It is possible to sell securities through a broker or a financial institution. All 3 options are acceptable for placing 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 direct the execution of the order in advance. The sale of the shares takes place at a date and place defined by you.

Repayment of cash investments at Hostbitc: Increase your prospects

It is advisable to take precautions as soon as possible if the suspicion is confirmed that a service provider is not working correctly and the risk exists that the broker will not make its payouts.

Apart from filing a criminal complaint, which our law firm does for our clients with the criminal police, and notifying the financial supervisory authority, the broker should also be held legally responsible if necessary.

In doing so, the claims against the operator of the trading platform agreed in the contract as well as possible chances for compensation are examined. In the case of financial transactions, it is also important to check whether banks can be held responsible in the event of an error.

Claims for damages against banking institutions may exist, for example, in the case of money laundering or other fraudulent acts. However, this must be examined on a case-by-case basis. If your online broker refuses to make a distribution, you should contact a reliable law firm immediately:

  1. Give us the names and contact details of all the people you have been in contact with
  2. Describe your experience with the provider to our lawyers in an email
  3. Tell us how long the online broker has been refusing to make a distribution

Herfurtner Law Firm will give you a free initial assessment in connection with Hostbitc. In addition, we will let you know promptly whether we think you have a real chance of recovering your losses.