Kingdom Investments – The alleged financial services provider Kingdom Investments presents itself as an online broker on its website https://kingdom-investments.io/.
At the same time, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) addresses the provider in one of its warnings. According to this, the operator of the trading platform might lack the authorisation to offer financial services.
You have invested with Kingdom Investments and want your money back? The law firm Herfurtner will help you with any problems.
Kingdom Investments – safe trading with high leverage?
Currently, there is an extremely high number of providers, such as Kingdom Investments, among others. Thus, it has never been as easy but also risky as now to invest in the volatile financial markets.
Especially because there are plenty of options, choosing a financial services provider can be time-consuming and intimidating. Especially if it is to suit your particular investment needs.
Are you considering investing money with Kingdom Investments? Then the following aspects are significant for you as an investor.
- When trading online, you can use a wide range of order types.
- A suitable place for investors who want to find out about securities, futures, options and cryptocurrencies is a website like this one.
- Officially regulated brokers on the internet, trustworthy portals, fees and bonuses, product options and reviews from customers are only exemplary features that you need to factor into your final decision.
- Access to the global stock markets is becoming more convenient and affordable for investors through online investing.
The following is general advice for investors – regardless of the platform you invest money in.
How credible are Kingdom Investments’ offers?
The thoughts below should be kept in mind when looking for opportunities to invest your money online:
- Financial service providers such as Kingdom Investments must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). BaFin’s company database contains information about authorised service providers.
- It can be very beneficial to ask what other consumers say about a potential service provider, even if it is only on the web.
- Quality seals are often used by fake shops to pretend that they are reputable. To see if a link leads to the cachet’s WWW page and if the shop is also listed there, click on the image of the cachet. It is quite possible that the owner of the WWW page simply copied the seal from another homepage and transferred it to his current website without the correct certification.
- Look for an imprint on the provider’s website. If this is not the case, it means: Hands off! But also take into account that an imprint can be faked.
Cold calling – how does this illegal method work and does Kingdom Investments use it?
Have you ever received a phone call from someone you don’t know who has made you a special offer? Do not answer under any circumstances.
Unsolicited calls are against the law. “Cold calling” is expressly not permitted at investment service providers and similar companies such as Kingdom Investments.
There are also groups that claim to work for professional internet trading platforms. In this way, they want to persuade people to give them their sensitive data. Often, after your initial payment, you are asked to deposit more funds.
Phone scammers are always coming up with new methods to deprive donors of their savings, cash and other valuables. A common method used by the lawbreakers is to call the people they want to harm at inconvenient times of the day. This is, for example, very early at dawn or very late at night. Times, therefore, when they are most vulnerable.
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 nice and polite. In this way, the offenders convey a feeling of goodwill and trust to the person they are talking to on the phone. Check that you are really dealing with Kingdom Investments when they call you.
Pump and dump – a common scam
The term pump and dump is used to describe a situation in which the value of a share is unnaturally inflated by insiders. The same share is then sold at a loss to the remaining investors.
This is therefore a fraud. A manipulation that profits from the ignorance of small investors and stock market novices.
This approach is therefore prohibited in a controlled stock market and for companies like Kingdom Investments. The crypto market, on the other hand, is still by and large the “Wild West” as far as these same tactics are concerned. For this reason, extra vigilance is essential!
Pump-and-dump scams are frequently encountered there in the context of so-called altcoins. The pump and dump scam is used by criminals to drive up the price of an unknown or even self-made currency. They achieve this by propagating false information on the web or on social media or by luring co-investors with unreasonable profit expectations.
Make sure that the provider of Kingdom Investments provides you with all the information you need on this topic.
Evaluate cybertrading providers with confidence
The classic investment fraud is carried out with well-known methods such as advertising, telephone canvassing or stock exchange letters.
When it comes to fraud, the outdated method quickly becomes obsolete in the digital age. The new 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 investment products such as contracts for difference and cryptocurrencies. Kingdom Investments’ services have also been used by other providers in a similar way to deceive investors.
Investors are increasingly making their own enquiries about investment opportunities on the web. Thus, people rely on their individual expertise or on the suggestions of others in blogs, forums and other online platforms when making their decision.
The transition to ever new financial products has no long-term impact on the law-breaking activities in terms of gang structure. Since the mafia crime rings rely on already existing and widely recognised infrastructures, there is no need to switch to a new “business model”. Regardless of what financial instrument is being traded, the process of cybertrading is largely congruent.
These investment products are advertised penetratingly in social media or with paid advertisements. In principle, it is all about the presentation of ludicrously high returns. Determine the probability of achieving high profits with Kingdom Investments before you invest money.
Keep an eye on additional costs when trading online
Before investing with Kingdom Investments, find out how much of your investment amount will be used to cover costs such as fees and commissions. This is a useful time to thoroughly review the information provided by service providers!
Investors must be notified of all calculated costs and their impact on the profit margin of financial service providers. In addition, the costs must be presented separately.
Provided that you request a presentation of any fees, providers are obliged to give you this information.
A broker like Kingdom Investments is normally interested in as many transactions as possible for understandable reasons. In quite a few cases, the fees are so exorbitant that it is difficult to make a profit. The costs can even devour the invested assets in a very short time.
Therefore, be sure to take the costs into account! The broker’s commission fees must be available to everyone. The transparency of the structure of the costs is also set in the applicable specifications and regulations.
In the event of an offence, the provider’s regulatory licence can be withdrawn.
What to do in case of losses with Kingdom Investments?
You have invested money with Kingdom Investments, or a similar service provider? Now there are complications with the payout?
Then it is advisable to immediately stop additional payments. This applies especially if the trader advises additional payments to compensate for losses.
Apart from that, you should try to get back the lost capital. Those affected can seek investor protection and contact the lawyers of our law firm. We examine both civil and criminal law options as well as possible claims for damages against the service provider and against involved payment service providers such as financial institutions.
“A private investor who loses his capital in online trading is by no means an isolated case. Many investors are deceived by the professional behaviour of the companies and do not realise in time that they are not responsible for their losses
Our advice is therefore not to despair, but to react promptly and actively. Because the chance of recovering the lost capital is usually greater than the aggrieved private investors think.
Would you like to talk to one of our lawyers about Kingdom Investments? Then go straight to our contact area here.