MainTrade – the company describes itself on the company website https://maintrade.co/de/home-de/ as a trading platform. MainTrade offers its clients various services in the segments crypto, shares, indices, forex and commodities. You have invested with MainTrade and would like your capital back? The Herfurtner law firm will help you with any problems.
MainTrade – customer-oriented online broker?
Currently, there is an extremely high number of online trading platforms such as MainTrade. This means that investing in the unpredictable financial markets has never been as easy but also as uncertain as it is now. Especially because there are so many options, choosing an online broker can be time-consuming and daunting. Especially if you want it to meet your individual investment needs. Are you thinking about investing capital with MainTrade? In this case, the following points are relevant for you as an investor.
- A good place to start for investors who want to find out about securities, futures, binary options and cryptocurrencies is a website like this one.
- When trading online, one can apply a wide range of order types.
- Access to cross-border financial markets is becoming more convenient and affordable for capital investors through online investing.
- Officially licensed online brokers, secure websites, fees and commissions, product options and key data are just some of the aspects you should consider when making your final decision.
The following statements are general tips for investors – regardless of the platform in which you invest capital.
What risks can there be in online trading with brokers like MainTrade?
Just as the stock exchange and other financial markets are exposed to corresponding risks, so is online trading. As an investor, you should therefore check MainTrade with regard to the following aspects:
- Threats associated with the offer, such as possible losing trades
- Threats arising from inaccurate or unqualified trading
- Online trading platforms that are not trustworthy
- The dangers of online security
- Insufficient knowledge about the offer
Reduce risk by looking for a proven track record when choosing an investment service provider. In this context, it is equally important that you are assured of safe money management. This is the only way you can comfortably navigate the internet trading arena. Capital investors who have a deft touch can definitely benefit, and their profits are potentially super-average. If they have the ideal approach.
One thing should be clear to anyone starting out in trading: The risk of losing more investment when trading on the stock exchange than has been deposited into the bank account of the online broker MainTrade exists at all times.
Contact request by phone call – What is your experience with MainTrade?
Have you received a phone call from a stranger in the past offering you a special deal? Do not answer under any circumstances. Unsolicited calls are illegal. “Cold calling” is clearly not allowed with securities service providers and other companies like MainTrade. There are also people who pretend to work for trustworthy online trading platforms. In doing so, they want to get people to entrust them with their sensitive information. Usually, after your first payment, you are asked to deposit more money. Phone scammers are always coming up with new schemes to rob investors of their savings, cash and other valuables. A common strategy of the scammers 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. In other words, times when they are least concentrated. In addition, the criminals pretend at the beginning of the conversation that they and the person being called are known to each other. The other method works as if the callers are willing to help. In this way, the criminals convey a feeling of goodwill and trust to the person they are talking to on the phone. Check whether you are really dealing with the MainTrade company when they call you.
The great danger of unauthorised orders
Placing orders for transactions in securities without the account holder’s consent can sometimes cause the price of certain shares to jump. This is particularly true for open market transactions in illiquid foreign shares (over-the-counter trading). Therefore, be alert if you are asked to disclose personal information about investing with MainTrade without your consent, citing seemingly lucrative trades or profit announcements.
You should never provide your International Bank Account Number, Business Identifier Code and other bank codes to anyone you do not know. Similarly, you should not disclose your account or deposit numbers or passwords. Do not give custody account documents or securities statements from MainTrade to a third party who is unknown to you. Callers who present themselves as financial advisors, brokers or employees of a financial supervisory authority are also unpredictable.
Assess cybertrading providers with confidence
Classic investment fraud is carried out using familiar means such as advertising, “cold calling” or stock market letters. When it comes to carrying out fraud, the old-fashioned approach quickly becomes obsolete in the online age. The new type of financial fraud can be described with the term “cybertrading”. Investment products are traded over the internet with dishonest intent. The fraudulent investments include financial products such as contracts for difference and virtual currencies.
Even MainTrade’s offerings have been similarly used by other service providers to dupe investors. Investors are increasingly making their own enquiries about investment opportunities on the internet. In this way, people rely on their own know-how or on the tips of others in weblogs, forums and other online platforms when making decisions. The switch to ever new financial products has no lasting effect on the unlawful activities in terms of organisational structure.
Since the mafia-like organisations rely on already existing and widely accepted infrastructures, there is no need to adapt to a new “business model”. No matter what financial instrument is traded, the process of cybertrading is almost identical. These investment products are advertised penetratingly on social media or with affiliate marketing. In this context, it is basically all about illustrating gigantically high returns. Determine the probability of achieving high profits with MainTrade before investing money.
Recovery Scam? Beware of unsolicited offers of help after you have invested
Anyone who has ever lost funds to a fraudulent investment platform knows how disastrous that can be. That alone is bad enough. But in addition, the rip-off artists behind the bogus scheme contact you within a short time by email or phone call. This time, however, they do not pretend to be brokers from MainTrade. Rather, they promise to help recover the stolen money in exchange for an advance payment.
Many scammers even appear to have been hired or commissioned by trusted companies such as a financial regulator. After stealing your sensitive data, the scammers often pose as good Samaritans. They promise to assist you in recovering the stolen money. Even if you have invested money with a service provider like MainTrade, your data may be stolen. Anyone who has lost a considerable amount of money is usually desperate.
The criminals exploit the desperation of the persons by calling themselves money recovery companies. They offer their services under the pretext of helping them get their capital back. That is, they guarantee in a dubious manner that they will get back the lost capital.
Repaying investments with MainTrade: increase your chances
You should take action as soon as possible as soon as the suspicion is confirmed that a financial service provider is not working properly and the risk exists that the broker refuses to pay out. In addition to a criminal complaint, which our law firm files for our clients with the police authority, and a report to the financial supervisory authority, the service provider should possibly also be held responsible under applicable law.
This involves reviewing the claims against the online broker agreed in the contract as well as possible compensation options. In the case of money transactions, it is also significant to check whether financial institutions can be held liable in the event of an error. Claims for damages against banks can arise, for example, in the case of money laundering or other fraudulent acts. However, this must be examined on a case-by-case basis.
As soon as your online broker refuses to pay, you should immediately contact a professional law firm:
- Outline to our law firm in an email the experience you have had with the service provider
- Inform us of how long the broker has not paid you
- Give us the names and contact details of anyone you have spoken to
Our lawyers will carry out a free initial assessment for you in connection with MainTrade. We will also let you know promptly whether we think you have a good chance of recovering your losses.