Kopes Bank – The online broker has claimed to be a financial service provider on its website https://kopesbank.com/. Accordingly, investors could make high profits. At the time of writing, the website of the service provider was no longer available.
You encounter difficulties with the distribution of your capital investment? Our lawyers can help you with claims against Kopes Bank.
Kopes Bank – Broker at a glance
Currently, there is an extremely high number of online trading platforms such as Kopes Bank. As a result, investing in the unpredictable financial markets has never been easier, but also more uncertain.
Precisely because there are so many opportunities, choosing a financial services provider can be time-consuming and frustrating. Especially if it is to suit your personal investment intentions.
Have you already invested with Kopes Bank? Then the following aspects are important for you as an investor.
- Licensed brokers on the Internet, trustworthy providers, fees and bonuses, offer options and customer feedbacks are only exemplary factors that you should take into account when making your irrevocable choice.
- An ideal place for investors who want to learn about securities, futures, binary options and cryptocurrencies is an online presence like this one.
- When trading online, one can use a wide range of order types.
- Access to the cross-border stock markets becomes more convenient and affordable for money investors through online investments.
The following are general tips for investors – regardless of the platform you invest capital in.
What problems can I encounter when trading online with providers like Kopes Bank?
Just as the stock market and other financial markets are vulnerable, so is online trading.
As an investor, you should therefore check Kopes Bank with regard to the following issues:
- Lack of expertise about the product
- Financial service providers who are unreliable
- Threats associated with the product, such as possible losses
- Risks arising from negligent or unskilled trading
Reduce risk by looking at a proven track record when choosing a provider. In this context, it is also important that you are guaranteed reliable money management. Only in this way can you move confidently in the online trading world.
Traders who have a deft touch can definitely benefit and their profits may be high.
If they have the ideal approach. There is one thing that everyone should be aware of when they start trading: The danger of losing more assets when trading on the stock market than have been deposited in the account of the online broker Kopes Bank exists at all times.
Evaluate unrealistic profit margins and trade providers like Kopes Bank safely
Check how serious the offer from Kopes Bank is. Is the interest rate provided to you particularly high? Can you make a lot of money with just a fewEUR?
These offers are usually nothing more than a deception. Be sure that there are often swindlers behind these tempting opportunities. As a rule, nothing at all is invested in these investment offers. Therefore, check how trustworthy the offer from Kopes Bank is.
Scams are not infrequently carried out by con artists in almost the same way. In the online, financial products are advertised in a prominent position, which are supposed to be flimsily profitable. The criminals assure that they will make a lot of money. At the beginning, the investment amounts are relatively low.
Those who sign up are consulted by a fictitious stockbroker or securities trader. The scam victims then get access to a supposed investment software after depositing the money.
Dubious offers can also be identified by promises of returns that are significantly higher than the market average.
An investor’s risk of losing capital also grows in direct proportion to the expected return at Kopes Bank. One option to inquire about the median market return is the business sections of newspapers or the website of the Deutsche Bundesbank.
You should also treat recommendations for companies with exceptional growth potential with caution. Low prices and very low trading volumes make penny stocks, for example, particularly vulnerable to speculation and manipulation.
Understanding pump and dump and hedging yourself
The term pump and dump is used to describe a situation in which the value of a stock is unnaturally inflated by insiders. The same share is then sold again at a loss to the remaining investors.
This is therefore a fraud. A deception that profits from the ignorance of small investors and stock market novices.
This approach is therefore illegal in a controlled stock market and for providers such as Kopes Bank. The crypto market, on the other hand, is still largely “Wild West” as far as such tactics are concerned. For this reason, special vigilance is necessary!
Pump-and-dump scams are often found there in connection with the so-called altcoins. The pump-and-dump scam is used by fraudsters to drive up the price of an unknown or even self-created currency. They achieve this by propagating disinformation on the WWW or in social media or by luring fellow investors with unreasonable profit expectations.
So make sure that the provider Kopes Bank provides you with all the necessary information on the subject complex, if desired.
Online trading platforms: Learn to recognise reputable brokers
A variety of capital goods exist on dubious provider websites, which are penetratingly advertised in blogs and social networks in order to convince investors.
In addition, “network marketing” is used to attract new investors. The advertising emphasises in particular the assurance of short-term profitability.
In order to start investing, a potential investor must first create a user account with the online trading platform – such as Kopes Bank. After that, the apparent online brokers contact the investor via a call centre and try to convince him to invest large sums of money.
The investors’ optimistic attitude 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 want. At this stage, money investors are deceived by a manipulated trading algorithm about the true trend in stock market data and prices. Kopes Bank does not necessarily fall into this category.
The perpetrators use their own unilaterally defined price values to calculate profits. As a result, the service provider has complete control over whether or not a profit is made.
Until the supposed profits are paid out, this manipulation will continue. If the investor demands payment, the buyers suddenly no longer have access to their accounts and the individual contacts associated with them. Most investors lose all their capital invested in such fraudulent trading, forcing them to seek legal advice.
How much is the order commission for online trading?
Before investing with Kopes Bank, find out how much of your investment amount is used to cover costs such as fees and commissions. This is a good time to thoroughly check the information provided by the service providers!
Investors must be made aware of all costs charged and their effect on the profit margin of investment service providers. In addition, the remuneration must be presented individually.
In the event that you request a breakdown of all fees, providers are obliged to give you this information.
A broker such as Kopes Bank is usually interested in as many trading transactions as possible for obvious reasons. In many cases, the fees are so high that it is difficult to make a profit. The fees can even devour the invested money in a short time.
Therefore, be sure to take the costs into account! The broker’s trading fees must be visible to everyone. The transparency of the structure of the costs is also stipulated in the applicable regulations and licensing.
In the event of a violation, the provider’s regulatory licence may be revoked.
Losses with Kopes Bank – What you can do
If you have already made investments with Kopes Bank and now want to reclaim them, there are different ways to proceed.
- If there is no guarantee that a solution can be found with the service provider, a complaint can be filed with the competent financial supervisory authority. This authority will examine the case and may order the service provider to pay compensation. Our client will then receive this amount of money back from the service provider. Contact points for complaints can be, for example, financial supervisory authorities or the Financial Ombudsman.
- Often, a solution can be agreed directly with the service provider. Our lawyers are always able to reach out-of-court settlements with platform operators. Our clients then get all or part of their deposit back.
- If transfers have been made to foreign accounts, the foreign tax authorities and banks should also be informed. As a rule, they will then initiate their own investigations. This also serves the purpose of seizing funds in the bank accounts and subsequently repaying them to our clients.
- If there is a suspicion that the accounts into which our clients have paid are part of a money laundering scheme, it is possible to have these accounts blocked. Deposits into these accounts can then be reclaimed from the receiving bank.
- If an examination by our lawyers would prove that the financial service provider has probably acted dishonestly, we file a report on behalf of our client with the responsible investigating authorities. The Herfurtner law firm is in regular dialogue with public prosecutors who direct investigations throughout Germany. Often there are many hundreds or even thousands of aggrieved investors in these proceedings. The investigations recurrently extend to countries outside Germany’s borders. In the past, the public prosecutor’s offices have repeatedly had great success in their investigations.