Maxvol – the company describes itself on the company website https://maxvol.co/ as a customer-oriented online broker. Maxvol offers its customers various services in the areas of shares, forex, indices, cryptocurrencies and commodities.
BaFin warns against the operator of the maxvol.co website, saying that it lacks a licence under § 32 of the German Banking Act (KWG) to conduct banking business or provide financial services in Germany.
You have invested with Maxvol and want your money back? The Herfurtner law firm can help you with obstacles.
Maxvol – Warning from the authorities
Currently, there is an extraordinarily high number of providers such as Maxvol. This means that 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 intimidating.
Especially if it is to suit your particular investment intentions. Have you already invested with Maxvol? In this case, the following aspects are important for you as an investor.
- Licensed brokers on the internet, reputable provider websites, fees and brokerage commissions, product options and customer feedback are just selected factors to consider when making your final choice.
- Access to cross-border exchanges is made easier and more lucrative for investors through online investing.
- An optimal address for investors who want to learn about securities, futures, options and cryptocurrencies is a website like this one.
- When trading on the internet, a variety of order types can be used.
The following information is general advice for investors – regardless of the platform in which you invest.
Does Maxvol have an official licence? You need to pay attention to this
Both financial markets and investor protection benefit from codes of conduct and organisational responsibilities. Bond service providers and companies like Maxvol must comply with a number of regulations. The same applies to their employees. This is to prevent conflicts of interest and associated disadvantages for investors.
This includes the responsibility of the company to inform its corporate clients about the most essential features of a bond transaction before it is concluded. This counts for the respective investor as well as for the investment itself.
According to this idea, further information is mandatory for clients who want to engage in highly speculative or risky transactions. Companies like Maxvol have a responsibility towards their corporate clients. This goes significantly beyond making an offer or service available.
Does the service provider have a licence to sell investment products? You should definitely check this. To do this, you can use the broker check directory of a financial supervisory authority and enter the brand name of the service provider in the search mask.
Assess realistic return promises and classify online platforms like Maxvol as safe
Assess how trustworthy Maxvol’s offer is. Is the interest rate you were offered extremely high? Can you earn a lot of money with a few EUR? These offers are usually nothing more than misleading. Be aware that criminals are often hiding behind these tempting opportunities.
These investment offers usually do not invest the least. So investigate how trustworthy the Maxvol offer is. Scams are often implemented by con artists in almost the same way. On the WWW, investment products are announced in a prominent position that are supposedly profitable.
The perpetrators assure that they will get lots of capital. At the beginning, the investment amounts are halfway small. All those who sign up are contacted by a fictitious broker or securities trader. The scam victims then get access to an apparent investment software after depositing the money.
Dubious special offers can also be identified by promises of returns that are conspicuously above the market average. An investor’s risk of losing capital grows in direct proportion to the expected profit margin, even with Maxvol.
One chance to find out about the median market return is the business sections of newspapers or the WWW page of the Deutsche Bundesbank. Similarly, you should treat recommendations for companies with exceptional growth potential with caution.
Low costs and minimal trading volumes make penny stocks, for example, exceptionally vulnerable to speculation and manipulation.
Pump and Dump – Explanation
The term pump and dump is used to explain a situation in which the price of a share is driven up unnaturally by insiders. Subsequently, the same share is sold at a loss to the remaining investors. This is therefore a fraud. A manipulation that profits from the inexperience of small investors and stock market novices.
This approach is therefore not allowed in a controlled securities market and for companies like Maxvol. The crypto market, on the other hand, is still largely “Wild West” as far as these same tactics are concerned. Therefore, extreme vigilance is required!
Pump-and-dump scams are frequently encountered there in connection with the so-called altcoins. The pump and dump scam is used by criminals to drive up the price of an unknown or even self-created currency.
They achieve this by spreading false information on the WWW or in social media or by recruiting co-investors with unreasonable profit expectations. So make sure that the provider Maxvol provides you with all the necessary information on the subject complex, if necessary.
Trustworthy brokers meet your demand for payout
Consumers are repeatedly wooed by an “online broker” or a call centre employee after they have registered on the supposed online trading platform. The intention is to get the investor to increase his long-term investments in order to maximise profits. This is also an initially legal goal of the financial service provider Maxvol.
Immediately after the buyer has deposited his money, the first profit developments may be shown on his account. This should motivate the investor to continuously invest in the financial product.
The operators of the trading platform, on the other hand, can use fraud software to simulate false account changes and earnings without the customer noticing.
Make sure that the accounts can also be authorised at Maxvol.
In truth, no trading takes place on several platforms per se. Rather, the transferred assets are transferred by the fraudsters to bank accounts abroad. This is not registered by the investors for the time being.
The “service providers” postpone the payment of the reported profits by demanding that the investors pay what appear to be due taxes and processing costs. The deceptive manoeuvres only serve the purpose of increasing profits.
Sooner or later, the connection breaks down completely. The paid-in capital is no longer there. From this point on, the only thing left to do is to go to a lawyer to launch the necessary steps.
Beware of agreements that do not leave any exit alternatives
Clarify when and how much money you will get back. It is best to avoid long-term contracts that cannot be terminated prematurely or where you would experience large monetary losses.
Conclude long-term contracts without the possibility of early termination only with service providers such as Maxvol, whose credibility you have no doubts about. Even if you have the chance to waive or cancel a contract at any time over a defined period of time, you should be critical.
Even if you have this protection, you may still be vulnerable to monetary losses. Make sure you know exactly how much capital you will recover if the investment goes wrong. For equity transactions, the following provision applies: Before the end of the contract period, find out what options are open to you to get rid of shares.
It is not infrequently crucial to find out whether there is a liquid market for services – such as those offered by Maxvol. It is possible to sell securities through a broker or a financial institution. All three options are permitted 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 direct the execution of the order from the outset. The securities are discharged at a time and place determined by you.
Money back from Maxvol: Increase chances of success with assistance from lawyers
Investors who have suffered losses with a company like Maxvol, or who encounter problems getting their profits paid out, should above all avoid making further deposits. Afterwards, it is advisable in any case to seek legal advice and have them examine every possibility of recovering your money.
It is important: obtain legal support, react quickly, do not despair Would you like to discuss the Maxvol company with us? In this case, our lawyers are at your disposal. Please do not hesitate to contact us. At this point you will come to our enquiry form to discuss the topic of Maxvol.