LyoFi – According to statements made on the company’s website https://www.lyofi.com/, the broker is a service provider for cryptocurrencies where customers can request a wide range of services. Accordingly, LyoFi takes care of generating high profits. If you have invested with LyoFi and there are problems with the payout, the lawyers of the Herfurtner law firm are available to help you in word and deed.

LyoFi – Reviews

Currently, there is an extremely high number of online trading platforms such as LyoFi. As a result, investing in the volatile financial markets has never been as easy as it is today, but also as uncertain. Mainly because there are a lot of options, choosing an online platform can be time-consuming and intimidating. Especially if you want it to meet your investment needs.

Have you already invested with LyoFi? In this case, the following aspects are relevant for you as an investor.

  • Online investing makes it easier and more interesting for investors to access the international financial markets.
  • A very good address for investors who want to learn about shares, futures, binary options and cryptocurrencies is a website like this one.
  • When trading online, you can use a variety of order types.

The following tips are basic recommendations for investors – regardless of the platform you invest in.

Risks of loss with online trading – also with LyoFi?

Just as the stock exchange and other financial markets are subject to certain risks and dangers, online trading is equally vulnerable. As an investor, you should therefore check LyoFi with regard to the following topics:

  • The risks and dangers of online security
  • Disadvantages, which are associated with the corresponding product, for example possible losing trades
  • Risks and dangers arising from incorrect or unqualified trading
  • Insufficient knowledge of the product on offer
  • Service providers who are unreliable

Reduce risk by looking for a proven track record when choosing a provider. In this context, it is equally essential that you are assured of secure money management. This is the only way you can move confidently in the online trading world. Capital investors who have a deft hand can certainly make a living from it, and their earnings may be large. At least if they have the perfect approach.

One thing should be clear to anyone who starts trading: The risk of losing more capital when trading on the stock exchange than has been deposited in the bank account of the broker LyoFi always exists.

Does LyoFi contact you by fax?

Have you ever received stock proposals by e-mail from a financial service provider like LyoFi that you do not know? Do you receive fax messages from the stock exchange that you have in no way requested? Or have you received an alleged “insider tip”? Investors should beware of such suggestions, because they are usually spread by dubious people as well as online brokers who want to make a profit by selling securities from a fictitious success story.

Cases have also become known in which consumers are consulted by a supposed stock exchange supervisory authority. It is erroneously stated that the persons written to have become victims of a fraud and that the respective data had been passed on to the stock exchange supervisory authority by the alleged Federal Public Prosecutor’s Office in Karlsruhe. The persons written to are required to fill out a web form. This is a clear attempt at fraud.

We recommend under no circumstances to contact such a person or to disclose personal data such as user names, passwords, credit card numbers or other identifying information such as your account data at LyoFi.

Unauthorised investment orders – protect yourself

Placing orders for transactions in shares without the account holder’s consent can, in some cases, lead to a sharp increase in the price of certain shares. This applies in particular to open market transactions in illiquid foreign securities (over-the-counter market).

Therefore, remain sceptical if you are asked to disclose personal data about the investment with LyoFi completely without your consent with reference to supposedly profitable transactions or profit announcements. Under no circumstances should you pass on your IBAN, BIC and other bank codes to someone you do not know. Likewise, you should not disclose your bank account or securities account numbers or passwords.

Do not hand over any deposit documents or securities statements from LyoFi to someone you do not know. Callers posing as financial advisors, online brokers or employees of a financial authority are also dangerous.

Trustworthy brokers comply with your request for repayment

Investors are often wooed by a “broker” or a call centre employee as soon as they have registered on the apparent online trading platform. The intention is to persuade the investor to increase his long-term investments in order to maximise income. This is also an initially legitimate goal of the service provider LyoFi. Immediately after the buyer has deposited his money, the first profit developments are presumably shown on his account.

This should encourage the investor to invest in the financial instrument on an ongoing basis. The platform operators, on the other hand, can use fraud software to simulate manipulated account movements and earnings, even without the buyer being aware of this.

Make sure that the accounts can also be authorised with LyoFi.

In reality, there is no trading at all on many online trading platforms. Rather, the capital paid is transferred by the fraudsters to bank accounts abroad. This is not noticed by the clients for the time being. The “providers” delay the disbursement of the reported profits by demanding the payment of allegedly due taxes and commission costs from the investors. These manipulations only serve the purpose of increasing profits.

Sooner or later, the connection is completely broken. The money paid is used up. From this moment on, the only thing left to do is to go to a lawyer to take further action.

Exit options: Clear transparency is a hallmark of reliable providers

Find out when and how much money was paid out. At best, avoid longer-term contracts that cannot be terminated early or where you would experience high financial losses. Conclude longer-term contracts without the possibility of early termination only with providers like LyoFi, whose reliability you have no doubts about. Even if you have the chance to waive or cancel a contract at any time over a certain period of time, you should be suspicious.

Even if you have this coverage, you still remain vulnerable to financial loss. Make sure you know in detail how much capital you will get back if the investment goes wrong. The following rule applies to securities transactions:

Before the end of the term, find out what options you have to get rid of a share.

Often it is crucial to find out whether there is a liquid market for services such as those offered by LyoFi. It is possible to sell shares through an online broker or a financial institution. All three options are legitimate for placing a sell order. Accordingly, the real selling process is carried out via an exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks). With order supplements, the execution of the order can be guided from the beginning.

The sale of the share certificates takes place at a time and place defined by you.

You want to get your money back from LyoFi? Our lawyers can help

You have invested capital with LyoFi, or another provider? Now you are encountering problems with the repayment? Then it is advisable to stop additional payments immediately. This is especially true if the trader demands additional payments to make up for deficits. Furthermore, one should attempt to recover the lost capital. In this context, affected persons can seek investor protection and contact the lawyers of our law firm.

Our law firm examines civil law as well as criminal law options and possible claims for damages against the company and against involved payment service providers such as financial institutions. “One can by no means speak of an exceptional case if a private investor loses money in online trading.

Many investors are misled by the professional behaviour of the companies and do not realise soon enough that they are not responsible for their losses Our advice is therefore not to despair, but to act swiftly and with commitment. Because the prospect of recovering the lost money is often greater than the aggrieved investors assume. Would you like to talk to one of our lawyers about LyoFi? Then you can go straight to our contact area here.