MaximumFxTrade – According to statements that could be found on the company’s homepage until recently, the provider was said to have made a wide variety of services available to its customers. At the time this text was written, the provider’s website was offline.

If you have invested capital with the investment service provider MaximumFxTrade and are now experiencing repatriation problems, the Herfurtner law firm will provide you with reliable and comprehensive assistance.

MaximumFxTrade – Broker Overview

Currently, there is an enormous number of online trading platforms such as MaximumFxTrade. As a result, it has never been as easy but also risky as now to invest in the unpredictable financial markets.

Especially because there are a lot of options, choosing a broker can be time-consuming and frustrating. Especially if it is to suit your personal investment needs.

Are you considering investing with MaximumFxTrade? Then the following points are important for you as an investor.

  • Officially licensed brokers on the internet, secure platforms, costs and brokerage fees, product options and customer reviews are just some of the aspects you would need to plan for when making your irrevocable decision.
  • A very good place to start for investors who want to learn about securities, futures, options and cryptocurrencies is an online presence like this one.
  • There are several types of orders available for trading on the World Wide Web.

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

How you can tell how trustworthy MaximumFxTrade is

The following considerations should be kept in mind when looking for options to invest your capital on the internet:

  1. The imprint must contain an address, the contact details of an authorised representative of MaximumFxTrade and a telephone number in the Federal Republic.
  2. Seals of approval are often used by fake shops to pretend that they are reputable. To see if there is a cross-reference to the seal of approval website and if the shop is also mentioned there, click on the image of the seal. It is quite possible that the owner of the online presence has simply copied the quality seal from another WWW site and transferred it to his own internet presence without the correct certification.
  3. Financial service providers such as MaximumFxTrade must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). BaFin’s company database contains information on licensed service providers.
  4. It can be very beneficial to find out what other clients are saying about a potential service provider, even if it is only on the net.
  5. Look for an imprint on the provider’s website. If this is not the case, it means: Hands off! However, you should also bear in mind that an imprint can be faked.

Evaluate unrealistic yield promises and safely evaluate service providers such as MaximumFxTrade

Check how serious the offer from MaximumFxTrade is. Is the interest rate you have been offered exceptionally high? Can you make a large amount of money with just a few€?

These offers are usually nothing more than a deception. Be sure that scammers are often hiding behind these tempting offers. As a rule, nothing is invested in these investment offers. Therefore, check how trustworthy the offer from MaximumFxTrade is.

Frauds are usually carried out by tricksters in this way. On the net, investment products are announced in a prominent position, which are supposed to be blandly profitable. The criminals claim that they will achieve a lot of money. At the beginning, the investment amounts are comparatively small.

Those who sign up are consulted by a fictitious online broker or trader. The victims of the scam then get access to an alleged investment software after paying the money.

Dubious offers can also be recognised by promises of returns that are obviously above the market average.

The risk of an investor losing investments also increases at MaximumFxTrade in direct proportion to the expected profit margin. One way to find out about the mean market return is to read the business sections of newspapers or the website of the Deutsche Bundesbank.

Similarly, you should treat recommendations for companies with exceptional potential for growth with caution. Low costs and low trading volumes make penny stocks, for example, extremely susceptible to speculation and manipulation.

The not inconsiderable danger posed by unauthorised orders

Placing orders for securities transactions without the account holder’s consent can, in individual cases, lead to a sudden rise in the price of particular shares.

This applies in particular to open market transactions in illiquid foreign securities (over-the-counter market). Therefore, be cautious if you are instructed, with reference to supposedly lucrative trades or profit announcements, to reveal personal data about the investment with MaximumFxTrade completely without your consent.

You should never disclose 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 and passwords.

Do not hand over any custody account documents or securities statements from MaximumFxTrade to a third party who is a stranger to you. Callers who present themselves as investment advisors, brokers or employees of a financial supervisory authority are also dangerous.

Differences: reputable and dubious providers of trading websites

On dubious internet platforms, there are a variety of investment goods that are relentlessly advertised in forums and social media to convince capital investors.

In addition, “network marketing” is used to solicit new investors. The advertising particularly emphasises the promise of short-term profitability.

In order to start investing, an interested investor must first create an account with the trading platform – such as MaximumFxTrade. Then the perpetrators contact the investor via a call centre and try to convince him to invest large amounts of money.

The investors’ hopeful attitude towards cybertrading is partly reinforced 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 point, investors are misled by a corrupted trading algorithm about the true evolution of stock market data and prices. MaximumFxTrade does not necessarily fall into this category.

The perpetrators use their own biased price values to calculate profits. This means that the service provider has complete control over whether a profit is made or not.

Until the alleged returns are paid out, this scam continues. If the investor wishes to receive the payout, the buyers suddenly no longer have access to their customer accounts and the direct contacts associated with them. The vast majority of investors lose their money fully invested in such fraudulent trading, forcing them to contact a lawyer.

Unsolicited offers of help to recover capital?

Anyone who has ever lost funds to a fraudulent investment platform knows how fatal that can be. That alone is terrible enough. But on top of that, the rip-off artists behind the bogus model contact you by email or phone call within a very short time.

This time, however, they do not pretend to be brokers from MaximumFxTrade. Rather, they guarantee to provide assistance in recovering the stolen capital for a fee. Many scammers even appear to have been hired or entrusted by trusted companies such as a financial authority.

After stealing your sensitive data, the rip-off artists usually 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 MaximumFxTrade, your contact details may be stolen.

Those who have lost an immense amount of money are usually desperate. Criminals take advantage of people’s worry by posing as “recovery” firms. They offer their services under the guise of helping them recover their assets. That is, they securitise in a dubious manner that they will get back the money they lost.

Repayment from MaximumFxTrade – Involve law firm

You have invested with MaximumFxTrade, or another service provider? Now you are encountering problems with repatriation?

Then it is advisable to block additional payments immediately. This is especially true if the online broker recommends additional payments to make up for deficits.

In addition, one should try to recover the lost capital. In this regard, aggrieved parties can seek investor protection and turn to 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 service provider and against involved payment service providers such as banking houses.

“It is far from being an exceptional case when a private investor loses his capital in the course of online trading. Many investors are misled by the professional appearance of the financial providers and only realise too late that they are not responsible for their losses.”

Our advice is therefore not to despair, but to act promptly and actively. Because the chance of recovering the lost capital is usually greater than the aggrieved investors think.

Would you like to talk to one of our lawyers about MaximumFxTrade? Then click here to go straight to our contact page.