Merricks Invest – According to information that could be found on the company’s website until recently, the broker was an online trading service provider that was said to have provided various services to its clients.

At the time this text was written, the broker’s website was no longer online. If you have invested with Merricks Invest and there are problems with the distribution, the lawyers of the Herfurtner law firm will be happy to help you.

Merricks Invest – what are your experiences?

Currently, there is an enormous number of providers such as Merricks Invest. This means that investing in the volatile financial markets has never been as easy but also as uncertain as it is now. Especially because there are so many opportunities, choosing a broker can be time-consuming and intimidating.

Especially if it is to suit your individual investment plans. You have already invested with Merricks Invest? In this case, the following aspects are important for you as an investor.

  • There are a large number of order types to choose from when it comes to online trading.
  • Government-licensed online brokers, trusted providers, costs and brokerage commissions, product options and feedback from clients are just a few aspects to consider when making your final decision.
  • A good place for investors to start researching share certificates, futures, binary options and cryptocurrencies is a web presence like this one.

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

Merricks Invest – recognising serious investment offers

Money investors have a wide range of investment opportunities at their disposal, with reliable and questionable service providers vying for their favour. There are many signs that a service or offer does not inspire confidence and it is relevant to have a look.

Here you will find out what you need to consider in the event that you invest your hard-earned capital. Banking, financial services and insurance companies such as Merricks Invest are only allowed to operate in Germany with state permission.

The providers have been licensed, but this in no way means that the services they sell are of excellent quality. In the event that a prospectus or information sheet approved by the German financial authorities has been published beforehand, derivatives and investments can likewise be made accessible to the general public.

The Federal Financial Supervisory Authority simply ensures that prospectuses are complete, comprehensible and coherent. The prospectus or information sheet of Merricks Invest is by no means necessary in every circumstance. Before investing, think about your enduring goals and assess whether you have the real means to achieve them.

Do not rush the process. Before putting your money into an investment, take time to review the pros and cons. Do not make a decision promptly even after consulting with others.

Provider Merricks Invest calls without notice?

Have you ever received a telephone call from a stranger who has presented you with an offer? Under no circumstances respond to it without checking carefully. Unwanted calls are illegal. “Cold calling is clearly prohibited by investment service providers and other companies such as Merricks Invest.

There are also people who claim to work for trusted online trading platforms. In this way, they want to get people to entrust them with their personal data. With all regularity, after your initial payment, you are instructed to deposit more funds.

Phone scammers are always coming up with new ways to rob investors of their savings, cash and other valuables. A common method used by swindlers 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. Times, in other words, when they are most vulnerable.

In addition, the criminals pretend at the beginning of the conversation that they and the person being called know each other. The other possibility is to pretend that the callers are customer-oriented. By doing this, the criminals give the person they are communicating with on the phone a feeling of goodwill and trust.

Check whether you are really dealing with the company Merricks Invest when you are contacted by phone.

Ponzi scheme: How it works

A pyramid scheme, or Ponzi scheme, is a type of money fraud. In it, capital is collected from new investors and then used to pay out money to the original victimised individuals. The organisers of Ponzi schemes often claim to invest your money and make huge returns without risking your money.

Notwithstanding this, the rip-off artists in many Ponzi schemes do not actually invest the assets they receive. Instead, it is used to compensate people who previously paid in. This allows the perpetrators to keep some of the money for themselves. So with all investments – including Merricks Invest – pay attention to the risk-reward ratio.

Ponzi schemes require a constant inflow of new assets to keep running, as they have low or no real income. Many of these systems fail when it becomes difficult to attract fresh investors or when a considerable number of investors drop out.

In the event that you wish to invest capital with a company such as Merricks Invest, you should always act with prudence. Indicators to watch out for include:

  • Investments that are not registered with financial regulators. In the vast majority of cases, Ponzi schemes are unregistered investments that are not controlled by official authorities such as Bafin.
  • Is there a problem with the documentation? If there are errors on your account statement, this can be an indication that your money is not being invested properly.
  • Risk-free returns with minimal or no volatility. Every investment contains a certain amount of risk, and the riskier an investment is, the more likely it is to produce a high return.
  • Selling without a licence: Investment professionals and firms must be licensed or registered under federal and state securities regulations. The most common Ponzi schemes involve unlicensed people or firms.

Identify trustworthy cyber trading providers

Classic investment fraud is carried out using well-known methods such as advertising, unsolicited telephone calls or stock market letters. When it comes to fraud, the old-fashioned method quickly becomes obsolete in the online age. The modern type of financial fraud could be described with the term “cybertrading”.

Investment products are traded here with dishonest intent via the World Wide Web. Dishonest investments include investment products such as contracts for difference and cryptocurrencies. The offers of Merricks Invest were also used by other service providers in a comparable way to hoodwink investors.

Investors are increasingly making their own enquiries online about investment opportunities. In this way, people rely on their individual expertise or on the information of others in weblogs, forums and other online platforms when making their decision.

The transition to more and more new financial instruments has no lasting effect on the law-breaking activities associated with the gang structure. Since the mafia-like organisations rely on already existing and widely accepted infrastructures, there is no need to switch to a new “business model”.

Regardless of the financial product being traded, the process of cybertrading is almost identical. These financial products are advertised penetratingly in social media or with affiliate marketing. The focus is almost exclusively on the illustration of astronomically high monetary gains.

Determine the probability of earning high profits with Merricks Invest before you invest.

Reputable providers show exit options

Make sure you know when and how much money will be paid out. It is best to bypass longer-term contracts that cannot be cancelled early or where you would suffer significant economic losses.

Only conclude long-term contracts without early termination options with financial service providers such as Merricks Invest, whose seriousness you have no doubts about. Even if you have the option to waive a contract at any time or to terminate it over a defined period of time, you should be critical.

Even if you have this protection, you are still vulnerable to monetary damages. Make sure you know in detail how much capital you will get back if the investment goes wrong. The following rule applies to share transactions:

Before the end of the term, find out what options are available to you to get rid of shares.

It is usually important to know whether there is a liquid market for products such as those offered by Merricks Invest. It is possible to sell securities through a broker or a financial institution. All three options are legal for placing a sell order.

The actual selling process is then completed 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 from the outset. The sale of the securities takes place at a date and place defined by you.

Get your investment back from Merricks Invest? Contact our law firm

You have invested with Merricks Invest, or another provider? Now you are encountering problems with the repayment? Then we recommend that you immediately stop further payments. This is especially true if the broker demands additional payments to compensate for losses. Apart from that, you should try to recover the lost capital.

In doing so, affected persons can seek investor protection and contact the lawyers of our law firm. Our law firm examines both civil and criminal law options and possible claims for damages against the service provider and against involved payment service providers such as banking institutions.

“One can no longer speak of an exceptional case when a private investor loses money in the course of online trading. Numerous investors let themselves be misled by the professional appearance of the financial providers and only realise too late that they are not responsible for their losses.”

Our recommendation is therefore not to despair, but to act promptly and with commitment. Because the chance of recovering the lost money is often greater than the aggrieved investors realise. Would you like to talk to one of our lawyers about Merricks Invest? Then you can go straight to our contact page here.