MilleniumOne – The supposed investment service provider MilleniumOne presents itself on its website as an online broker. The online broker trades CFDs, commodities and indices. If you have invested with MilleniumOne and there are problems with the distribution, the lawyers of the Herfurtner law firm will be happy to help you.

MilleniumOne – Trading Evaluation

Currently, there is an enormously high number of investment service providers such as MilleniumOne. As a result, it has never been as easy but also as risky as it is today to invest in the unpredictable financial markets. Especially because there are plenty of opportunities, choosing an online broker can be time-consuming and daunting.

Especially if you want it to meet your particular investment requirements. Are you considering investing capital with MilleniumOne? In this case, the following points are relevant for you as an investor.

  • State-licensed online brokers, trustworthy portals, costs and brokerage commissions, offer options and key data are only exemplary factors that you should plan for when making your final decision.
  • An ideal place to start for investors who want to learn about share certificates, futures, binary options and cryptocurrencies is a website like this one.
  • When trading on the World Wide Web, one can use a wide range of order types.
  • Accessing the transnational financial markets is becoming more practical and lucrative for money investors through online investing.

The following information is basic advice for investors – regardless of the platform you invest in.

MilleniumOne: Methods of assessing a broker

There is a wide range of investment opportunities available to money investors, with reliable and questionable providers competing for their favour. There are many indications that a financial service or product is not trustworthy and it is relevant to have a look at this. Here’s what to look for when investing your hard-earned capital. Banking, financial services and insurance companies such as MilleniumOne are only allowed to operate in Germany with a state licence.

The companies may have received a licence, but this in no way means that the products they sell are of excellent quality. Provided that a prospectus or information sheet approved by the Federal Financial Supervisory Authority has been published in advance, derivatives and investments can also be made available to the general public. The Federal Financial Supervisory Authority’s sole responsibility is to ensure that prospectuses are complete, plausible and coherent.

MilleniumOne’s prospectus or information sheet is not required in every context. Before you invest, you should think about your sustainable goals and check whether you have the monetary means to achieve them. Do not rush the process. Before putting your money into an investment, take time to weigh the pros and cons. Don’t make a choice right away, even if you have consulted with others.

Time pressure when investing? What is your experience with MilleniumOne?

Do you feel the pressure of a tight deadline? The online broker is tempting you with a special offer, but you are under pressure to make a choice quickly? This is not an excellent idea, because it is often a feint. Don’t rush into a decision Not only can you get trustworthy offers now, but you can also invest money with MilleniumOne in the future. To get to their goal, criminals know in detail what they have to do.

They strain to get as much information as they can about their targeted person through well-worded requests. Likewise, they ask about the circumstances of the interlocutor, e.g. whether he or she is home alone or whether he or she keeps assets at home. They also use a tactic of “wait and see” to drive the person to despair.

You can keep your counterpart on the phone for a very long time until he agrees to go to the bank and hand over money and other valuables to the criminals. In one of these scams, a deadline is imposed on the victim. With this very measure, the injured party is urged to disregard his own caution. Current support scams use the same formula.

Since the PC of the person contacted is allegedly infected by a very serious computer virus, the callers, presumably working on behalf of Microsoft or such a company as MilleniumOne, demand in English with an Indian accent the urgent payment of a maintenance contract. The scammers increase the pressure by threatening to make the targeted persons pay if their computer is infected and transmits the infections.

Understanding pump and dump and protecting yourself

The term pump and dump is used to describe a situation in which the price of a share is artificially inflated by insiders. Subsequently, the same share is sold to other investors at a loss. This is therefore a fraud. A trick that profits from the inexperience of small investors and stock market novices. This tactic is therefore inadmissible on a controlled stock market and for providers like MilleniumOne.

The crypto market, on the other hand, is still almost completely “Wild West” as far as such tactics are concerned. That is why special attention is needed! Pump-and-dump scams are more common there in the context of the altcoins generally referred to as such. The pump and dump scam is used by criminals to drive up the market price of an unknown or possibly self-created currency.

They achieve this by spreading disinformation on the World Wide Web or on social media or by luring co-investors with unreasonable profit expectations. So make sure that the provider MilleniumOne provides you with all the necessary information on this very topic, if applicable.

Online platforms: Learn to recognise trustworthy providers

There are a variety of capital goods on dubious online trading platforms, which are persistently advertised in blogs and social networks in order to lure investors. In addition, “network marketing” is used to solicit new investors. In the advertising, the guarantee of short-term profitability is emphasised above all. In order to start investing, a potential investor must first of all open an account with the trading platform – as is the case with MilleniumOne.

Then the apparent brokers contact the investor via a call centre and try to convince him to invest large sums of money. The positive attitude of investors towards cybertrading is partly reinforced by the desire for 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 fooled by a manipulated trading algorithm as to the true trend in stock market data and prices.

MilleniumOne does not necessarily belong to this category. The backers use their own unilaterally determined price values to calculate profits. This entails that the financial service provider has complete control over whether a profit is made or not. Until the alleged profits are paid out, this fraud will continue. When the moment of distribution arrives, the clients surprisingly no longer have access to their accounts and the individual client advisors associated with them.

The majority of all investors lose all their assets invested in such fraudulent trades, forcing them to seek legal help.

Unsolicited offers of help to recover deposits?

Anyone who has ever lost funds to a fraudulent investment platform knows how devastating that can be. That alone is terrible enough. But in addition, the fraudsters behind the bogus model contact you within a short time by email or phone call. This time, however, they do not pretend to be MilleniumOne online brokers. Instead, they guarantee to help recover the lost money in exchange for an upfront payment.

Many rip-off artists even seem to have been hired or commissioned by trustworthy companies such as a financial regulator. After stealing your personal data, the rip-off artists 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 MilleniumOne, your data may be stolen. Those who have lost an immense amount of money are usually desperate.

Criminals take advantage of people’s worry by calling themselves “recovery” companies. They offer their services under the pretext of helping them get their funds back. This means they make dubious assurances that they will get back the capital they have lost.

Get money back from MilleniumOne? Contact our law firm

In order to be able to assess whether you have a claim for repayment against the broker MilleniumOne, it is always necessary to examine your case in detail. The lawyers of the Herfurtner law firm will do this for you within the framework of a free initial consultation. The starting point of this analysis is always the facts of your case. In addition, similarities to similar cases can often be found. You therefore benefit from the extensive experience of our lawyers.

After the complete examination of all documents and the legal classification, the approach is first and foremost directed against the provider MilleniumOne itself, should certain breaches of duty be verifiable. In order to be able to prove these breaches of duty, the contract documents, the e-mail message history and, if necessary, additional documents must be analysed.

Furthermore, regulated online trading service providers are also obliged to make and archive telephone records of conversations with investors. The request to hand over these records and the subsequent analysis is also a reasonable and necessary step to enforce your claims. By means of this evidence, clients’ claims can be enforced both in extrajudicial and in judicial proceedings under civil law.

The financial institutions and crypto exchanges that are on the receiving end should also be taken into consideration. Since large sums of money are often involved, the question arises again and again as to whether the institutions have fulfilled their duties to provide information and their obligations under the Money Laundering Act. A universal statement cannot be made here; rather, the individual case must be examined.

The same applies to the beneficiary on the recipient side, who is usually not equivalent to the financial service provider itself. Under certain circumstances, claims can also be made against the financial service provider if breaches of duty can be proven.

After all civil law options have been exhausted, there is still the option of proceeding under criminal law if the initial suspicion of a criminal offence is substantiated. This requires contacting law enforcement agencies at home and abroad and coordinating further precautions.

In the meantime, many federal states have set up special departments to deal with cases of fraud in connection with online and crypto trading. The lawyers of the Herfurtner law firm are in constant contact with these departments. Our lawyers know that web hosters also offer valuable information about the owner of the web address. However, contacting the providers, who are often located outside of Germany, is extremely difficult for the layman.

Likewise, financial supervisory authorities in Germany and abroad are useful sources of information for aggrieved investors. In addition to the complaint against the particular service provider, which is intended to protect even more potential buyers from investments, it may be possible to obtain additional information via the financial authorities as a source of information.

This information often allows for a consolidation of investigations in the FRG, Austria and Switzerland.