Liffedc – the company describes itself on the company website as a mining platform for cryptocurrencies. Liffedc offers its clients a wide range of investment opportunities in Bitcoin and Ether, among others.

Are you experiencing difficulties with the payout of your investment? Our lawyers can help you with claims against Liffedc.

Liffedc – a trustworthy broker?

Currently, there is an extraordinarily high number of investment service providers such as Liffedc. As a result, investing in the unpredictable financial markets has never been as easy but risky as it is today. Especially because there are a large number of options, choosing a broker can be time-consuming and frustrating.

This is especially true if you want the broker to meet your individual investment needs. Have you already invested with Liffedc? In this case, the following points are relevant for you as an investor.

  • A very good address for investors who want to learn about securities, futures, binary options and cryptocurrencies is an online presence like this one.
  • Regulated online brokers, reputable portals, costs and brokerage commissions, product options and customer reviews are just some of the features to factor into your final choice.
  • When trading on the web, a variety of order types can be used.

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

Recognising reputable service providers and investing wisely

Investors have a wide range of investment options at their disposal, with reputable and questionable providers competing for their attention. There are many signs that a service or even an offer is not trustworthy, and it is essential to have an eye out for this.

Here’s what to look for when investing your hard-earned capital. Banking, financial services and insurance companies like Liffedc are only allowed to operate in the FRG with state authorisation. The providers have obtained authorisation, but this does not mean that the products sold are of excellent quality.

Provided that a prospectus or information sheet approved by the Federal Financial Supervisory Authority has been published in advance, shares and investments can also be made available to the general public. The Federal Financial Supervisory Authority only ensures that the prospectuses are complete, comprehensible and coherent.

Liffedc’s prospectus or information sheet is by no means necessary in every circumstance. Before investing, it is advisable to think about your long-term expectations and check whether you have the monetary means to achieve them. Do not rush the process.

Before putting your assets into an investment, take time to look at the pros and cons. Do not make a choice on the spot, even if you have consulted with others.

Remittances abroad – also desired by Liffedc?

Is it advantageous for you to transfer assets outside Europe? Consider carefully what you are doing. Numerous investors have already lost funds in this context. It is conceivable that you lose track of where your money goes and how it is invested.

When capital was provided to a company, it happened that the provider did not invest the transferred amount as agreed or even not at all. There were also cases where the company simply did not exist, although it presented itself in a similar way to Liffedc.

In addition to the licensed financial service providers, there are numerous dubious online trading platforms where a comparable procedure can be observed in the majority of cases. New investors are contacted by employees of the respective trading platform.

For example, by telephone if the customer has left non-binding contact information on the service provider’s website. In many cases, however, they are also contacted by mass e-mails. These entice with supposedly profitable investments.

The investor is quickly assigned a personal online broker who guides him or her through the creation of a trading account and initial investments. The investor initially feels well supported and most trading starts with small sums.

But shortly afterwards, larger payments are demanded – often to accounts abroad. These transfers are intended to increase the potential profits. Problems with dubious online trading platforms finally arise when the investor wants a payout.

This is repeatedly delayed or linked to additional payments such as alleged taxes and brokerage commissions. In the past, the rip-off artists only operated from questionable locations.

At the moment, they are active from various locations such as the United Kingdom (including London), the Netherlands, Canada, the Kingdom of Spain, Dubai and many others. For most people, it is challenging to identify tricky scams.

Companies often receive e-mail orders with huge order volumes that are disproportionate to the normal purchase amounts. In order to lure the German company, they proceed with big promises of profits.

However, the substantial order volume functions solely as a means of exerting pressure in conversations with the manufacturer in order to demand correspondingly excessive approval and registration costs.

It is not always obvious whether the recipient of this payment is also the customer of the goods. Nevertheless, it can be assumed that companies operating abroad will not have to pay regional tax on shipments to other countries for the time being. Check whether this also applies to investments with Liffedc.

Beware of Pump & Dump

The term pump & dump is used to describe a practice in which the market price of a share is unnaturally inflated by insiders. Subsequently, the same share is sold again at a loss to the other 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 Liffedc. The crypto market, on the other hand, is still by and large “Wild West” as far as such tactics are concerned.

That is why special attention is indispensable! Pump-and-dump scams are more common there in connection with the so-called altcoins. The pump-and-dump scam is used by fraudsters to drive up the price of a currency they do not know or may have created themselves.

They achieve this by propagating disinformation on the internet or in social media or by luring co-investors with unreasonable profit expectations. So make sure that the provider Liffedc provides you with all the necessary information on this topic.

Check advertisements for online trading platforms for seriousness

On dubious online trading platforms, there is a multitude of capital goods which are penetratingly advertised in blogs and social media in order to lure investors. In addition, “network marketing” is used to attract new investors. The advertising mainly emphasises the assurance of immediate profitability.

In order to start investing, an interested investor must first create a user account with the online trading platform – as is the case with Liffedc. Next, the supposed online brokers contact the investor via a call centre and do everything they can to persuade him to invest large sums of money.

The investors’ hopeful attitude towards cybertrading is partly strengthened by the idea of future profits. Buyers are more willing to invest in the future if they see exactly the kind of results they expect. At this point, capital investors are misled by a corrupted trading algorithm about the true evolution of stock market data and prices.

Liffedc does not necessarily belong to this category. The perpetrators use their own unilaterally determined price values to calculate profits. This entails that the provider has complete control over whether a profit is made or not. Until the supposed returns are paid, this deception will continue.

If the investor wishes to cash out, the buyers suddenly no longer have access to their accounts and the personal client advisors associated with them. The majority of investors lose their capital fully invested in such fraudulent trading, forcing them to contact a lawyer.

Are the exit options questionable?

Find out when and how much money will be returned to you. Ideally, avoid longer-term contracts that cannot be terminated early or where you would suffer huge financial losses.

Conclude long-term contracts without the possibility of early termination only with financial service providers such as Liffedc, whose reliability you have no doubts about. Even if you have the option to waive a contract at any time or to terminate it over a specified period of time, you should be suspicious.

Even if these criteria are met, you are still vulnerable to economic loss. Make sure you know exactly how much capital you will get back if the investment goes wrong. The following rule applies to share transactions: Before the end of the contract period, find out what options are available to you to get rid of shares.

It is usually crucial to be aware of whether there is a liquid market for offers such as those provided by Liffedc. It is possible to sell shares through a broker or a financial institution. All 3 options are legitimate for placing a sell order.

The actual selling process is then carried out via an exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks). Order supplements can be used to control the execution of the order in advance. The sale of the securities takes place at a time and place determined by you.

Get your investment back from Liffedc? Contact our lawyers

Investors who have suffered losses with a company like Liffedc, or who are having difficulty getting their profits paid out, should first stop any further payments. Furthermore, it is definitely advisable to seek legal advice and have them assess your chances of recovering your money. It is important:

  • obtain legal support
  • react quickly
  • never bury your head in the sand

Do you have questions about the provider Liffedc? Then our legal advisors are ready to provide information. Feel free to contact us. You can access our contact area here to exchange information about Liffedc.