Millioniqprofit – According to the company’s website, the online broker is a service provider for Bitcoin mining and trading in binary options that offers its customers a wide range of services.

You have invested with Millioniqprofit and want your money back? The Herfurtner law firm can help you with any problems.

Millioniqprofit – what are the experiences?

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

Precisely because there are numerous opportunities, choosing a financial services provider can be time-consuming and daunting. Especially if it is to suit your particular investment intentions. Are you considering investing money with Millioniqprofit? Then the following points are significant for you as an investor.

  • An optimal place for capital investors to go to inquire about stocks, futures, binary options and cryptocurrencies is an online presence like this one.
  • Access to cross-country exchanges becomes more practical and lucrative for capital investors through online investing.
  • When trading on the World Wide Web, one can use a large amount of order types.
  • Licensed brokers on the internet, secure internet sites, fees and brokerage charges, offer options and feedback from customers are just some of the features to consider when making your final decision.

The following are basic tips for investors – regardless of the platform in which you invest capital.

Assess Millioniqprofit correctly: How can I recognise trustworthy investment providers?

The following considerations should be kept in mind when looking for opportunities to invest your money online:

  1. It can be very useful to find out what other consumers are saying about a potential service provider, even if it is only on the web.
  2. The imprint must include an address, the contact details of an authorised representative of Millioniqprofit and a telephone number in the Federal Republic.
  3. Financial service providers such as Millioniqprofit must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). The BaFin’s company database contains information on approved service providers.
  4. Quality seals are often used by fake shops to pretend that they are reputable. To see whether a hyperlink leads to the website of the seal of approval and whether the shop is also listed there, click on the image of the seal. It is quite possible that the operator of the website has simply copied the seal from another website and transferred it to his own website without the correct certification.
  5. Look for an imprint on the service provider’s website. If this is not the case, it means: Hands off! But also bear in mind that an imprint can be faked.

Does Millioniqprofit contact you by fax?

Have you ever taken stock suggestions by email from a financial services provider like Millioniqprofit that you don’t know? Do you receive faxes from the stock exchange that you did not ask for? Or have you taken an apparent “secret tip”?

Investors should beware of such suggestions, because they are usually spread by dubious groups or companies that want to profit from a false success story by selling share certificates. Cases have also become known in which consumers and investors are called or written to by a supposed stock exchange supervisory authority.

It is erroneously claimed that the people who have been contacted have been the victims of a fraud and that the respective data has been passed on to the stock exchange supervisory authority by the alleged Federal Public Prosecutor’s Office in Karlsruhe.

The persons written to are asked to fill out an Internet form. This is a clear attempt at fraud. In any case, we advise against contacting this person or giving sensitive information such as user names, passwords, credit card numbers or other identifying information such as your account data at Millioniqprofit.

Unauthorised investment orders – protect yourself

Placing orders for securities transactions without the account holder’s consent can, in some cases, cause the price of certain stocks to jump. This applies in particular to open market transactions in illiquid foreign shares (over-the-counter market).

You should therefore remain sceptical if you are asked to disclose sensitive data about your investment with Millioniqprofit without your consent, citing supposedly profitable transactions or profit announcements.

Under no circumstances should you disclose your International Bank Account Number, Business Identifier Code and other bank codes to a third party you do not know. Likewise, you should not disclose your account or deposit numbers and passwords.

Do not hand over any custody account documents or securities statements from Millioniqprofit to someone you do not know. Callers posing as financial advisors, brokers or employees of a financial authority are also dangerous.

Deal with the risks and dangers of cybertrading

The classic investment fraud is implemented with well-known methods such as advertising, “cold calling” or stock market letters. When it comes to conducting fraud, the old-fashioned method is quickly becoming obsolete in the online age. The new type of financial fraud could be described with the term “cybertrading”.

Investment products are traded fraudulently via the World Wide Web. Dishonest investments include investment products such as contracts for difference and virtual money. Even the offers of Millioniqprofit were used by other service providers in a comparable way to lure investors into the trap.

Investors are increasingly enquiring about investment opportunities online themselves. Thus, people rely on their individual expertise or on the advice of others in blogs, forums and other online platforms when making their decision.

The change to ever new financial instruments has no lasting influence on the illegal activities with regard to the gang structure. Since the criminal crime rings rely on already existing and widely recognised infrastructures, there is no need to adapt to a new “business model”.

No matter what kind of financial product is traded, the process of cybertrading is largely identical. These investment products are penetratingly advertised on social media or with paid advertisements. In principle, it is all about the presentation of ludicrously high profits.

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

Trustworthy service providers show exit alternatives

Clarify at what time and how much money will be paid back. Optimally, avoid longer-term contracts that cannot be terminated early or where you would experience immense monetary losses.

Conclude long-term contracts without the possibility of early termination solely with service providers such as Millioniqprofit, whose reliability you have no doubts about. Even if you have the option to waive or cancel a contract at any time over a period of time, be critical.

Even if you have this protection, you still remain vulnerable to financial loss. Make sure you know in detail how much money you will recover if the investment goes wrong. The following rule applies to transactions in securities: Before the end of the term, find out what options are available to you to sell a share.

It is often crucial to be aware of whether there is a liquid market for services such as those provided by Millioniqprofit. It is possible to sell share certificates through an online broker or a financial institution respectively. All 3 methods are approved for placing a sell order.

The actual selling process is then carried out via a stock exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks). With order supplements, the execution of the order can be guided from the outset. The sale of the shares takes place at a date and place defined by you.

Losses with Millioniqprofit – What you can do

It is advisable to take action as soon as possible if the suspicion is confirmed that a financial service provider is not acting conscientiously and there is a risk that the online broker will refuse to pay.

In addition to a report, which our law firm files for our clients with the police authority, and a notification to the financial supervisory authority, the service provider should possibly also be held accountable under applicable law.

This involves an assessment of the contractual claims against the broker as well as possible compensation options. In the case of money transactions, it is equally essential to check whether banks can be held liable in the event of an error.

Claims for compensation against financial institutions may exist, for example, in the case of money laundering or other criminal acts. However, this must be checked depending on the facts of each case. If your online broker refuses to pay out, you should contact a reliable law firm immediately:

  1. Describe your experiences with the provider to our lawyers in an e-mail
  2. Give us the names and contact details of all the people you have spoken to
  3. Tell us how long the online broker has not paid you

Herfurtner Law Firm will give you a free initial assessment in connection with Millioniqprofit. We will also let you know at short notice whether we believe you have a realistic chance of recovering your losses.