Mountain Wolf – The apparent online stockbroker Mountain Wolf is, according to its own statements, a provider of digital payments and trading. In addition, Mountain Wolf describes itself on its website as an all-in-one ecosystem for managing cryptocurrencies and traditional currencies.

However, the Financial Supervisory Authority of Austria warns in the context of Mountain Wolf. Are you currently a customer of Mountain Wolf or are you considering investing money soon? Then the following questions are certainly relevant for you:

  • Is the financial provider Mountain Wolf reputable?
  • What practical experience have investors had with Mountain Wolf so far?
  • What, if anything, can consumers do in the event of losses caused by Mountain Wolf?

The lawyers of the Herfurtner law firm have compiled the answers to these questions for you in this article on Mountain Wolf. Table of contents

  1. Mountain Wolf Experiences
  2. Mountain Wolf website
  3. Contact Mountain Wolf
  4. Mountain Wolf Licence
  5. Regulatory alert from financial regulators about Mountain Wolf
  6. Online trading tips
  7. Lawyers advise on disputes

In addition to the question of whether Mountain Wolf offers an adequate offer, it is crucial to deal with the principles for profitable trading. Our legal advisors will also answer how Mountain Wolf compares to other financial services.

We also assist investors in the context of Mountain Wolf and support them with questions and litigation.

Mountain Wolf Experience

On Mountain Wolf’s corporate website, the provider describes itself as an all-in-one ecosystem for digital payments and commerce. In addition, Mountain Wolf describes itself as an innovative and fast-growing company that allows its customers to manage their funds in cryptocurrencies and traditional currencies.

Moreover, it is possible to carry out cost-effective real-time transfers within the Mountain Wolf ecosystem with Send-Wolf. It is also easy to trade with Mountain Wolf, as you are always just a few clicks away from buying or selling digital assets at the market price. According to Mountain Wolf, it is possible to trade in real time.

In addition, Mountain Wolf offers digital payments through all-in-one account, wallet, trading and prepaid card integration for maximum use of one’s resources anywhere in the world.

Furthermore, Mountain Wolf has the highest standards for data protection, security and compliance, because Mountain Wolf is an innovative and fast-growing company that allows its customers to manage their own assets in the form of cryptocurrencies or as traditional currencies.

In addition, there is the option to link the Mountain Wolf account with the personal bank account or a prepaid card, so that one can seamlessly integrate and use one’s digital assets in one’s everyday life and business. In addition, the ease of trading at Mountain Wolf is a feature worth highlighting, as one can buy and sell at the click of a button with this provider.

According to Mountain Wolf, it doesn’t matter if one wants to get into trading or if one wants regular transactions to be easier. Mountain Wolf offers its customers an easy trading function, which allows them to buy or sell digital assets at the market price in a few simple steps. According to Mountain Wolf, all actions are displayed in real time in the customer’s own wallet.

Mountain Wolf website

Information on the alleged online broker Mountain Wolf can be found on the English web presence of the provider under the URL

Responsible persons / CEO

According to §6 of the German Media State Treaty (MDStV), the name of the person responsible for the content of the website must be displayed in the imprint. This is often a member of the company’s management. To mention the responsible persons by name is not only mandatory, but also a feature of transparency.

On Mountain Wolf’s website, there is no data on persons responsible for the content in August 2021.

Operating company and trademark

The name of the website or platform or offer is not necessarily congruent with the operating company. In the past, it has often happened that companies appear on the market with different trademarks at the same time.

Moreover, it is common practice for certain operators to deactivate the websites of discredited trademarks and to return to the market a short time later using a new trademark. Therefore, when researching news and statements about a provider beyond the trademark, one is well advised to always take the operating company into account.

The respective data can be found either in the imprint or often also in the footer of an online presence. On the Mountain Wolf website, no distinction could be made between a trademark and an operating company at the time of observation.

Query domain data

Various financial providers use their many years of practical experience to suggest trustworthiness. However, such statements are very often contradicted by the registration date of the domain. It is therefore necessary to check who the domain holder is and when the domain was registered.

We retrieved the information on Mountain Wolf on 11 August 2021 with the following result: Domain Name: MOUNTAINWOLF.COM Registry domain ID: 91588346_DOMAIN_COM-VRSN Registrar WHOIS Server: Registrar URL: Updated Date: 2020-12-15T09:44:51Z Creation Date: 2002-10-26T07:32:34Z Registrar Registration Expiration Date: 2021-10-26T07:32:34Z Registrar: World4You Internet Services GmbH

Legal notice

In Germany, according to §5 of the German Telemedia Act (TMG), there are general obligations to provide information and mandatory details for the imprint. Consequently, this obligation for “provider identification” exists for all commercially operated websites.

This is because the information is intended to inform visitors to a website who they are dealing with. In addition, the addressable postal address of the website owner plays a role in this context, in case legal claims are to be enforced against him.

In this context, it is also important to note that the obligation to maintain an imprint applies equally to providers domiciled abroad who conduct their business activities in Germany. As of August 2021, no legally binding imprint could be found on Mountain Wolf’s website.

Mountain Wolf contact information

At the time of writing, the following information was available on Mountain Wolf’s website:

  • Mountain Wolf telephone number: n/a A.
  • Mountain Wolf email contact: office[a]
  • Mountain Wolf’s postal address: Kazakhstan, West Kazakhstan Oblast, Uralsk City, K.Amanzholov Street, Building 174, Postal Code 090000

Mountain Wolf Licensing

The existence of a valid licence from a European governmental financial supervisory authority can be an important characteristic of whether a company is a reputable financial provider. This is because a company has to go to great economic lengths to obtain a licence.

However, it does not necessarily have to be a scam if a broker refrains from making statements about its authorisation or regulatory status. The following financial regulators, among others, are responsible for issuing licences and supervising financial service providers such as Mountain Wolf:

  • Cyprus Securities and Exchange Commission (CySec, Cyprus)
  • Federal Financial Supervisory Authority (BaFin, Germany)
  • Malta Financial Services Authority (MFSA, Malta)
  • Comissao do Mercado de Valores Mobiliarios (CMVM, Portugal)
  • Securities and Futures Commission (SFC, Hong Kong)

No statements about regulatory licensing could be found on Mountain Wolf’s website at the time of writing in August 2021. Private investors can discuss what this means by speaking to legal counsel at our law firm.

Regulator’s warning on Mountain Wolf

In an official investor warning dated 26 June 2021, the Financial Supervisory Authority of Austria (FMA) warns against doing business with Mountain Wolf. This is because the provider is not authorised to provide payment services and e-money transactions requiring a licence in Austria.

Therefore, the provider was not allowed to engage in commercial deposit and withdrawal business, payment business and the issuance of e-money.

Online Trading Tips

Online trading like Mountain Wolf is the extension of conventional trading in financial instruments to the web. Here, as there, investors act with the intention of making profits through the purchase and sale of assets. Trading is no longer limited to securities. In fact, traders can also choose from the following options, for example:

  • Investment funds
  • Bonds
  • Silver
  • Commodities
  • Bank deposits
  • Crypto trading with Bitcoins and Altcoins, e.g. Binance Coin
  • Time deposits
  • Forex Trading
  • listed index funds

Online trading is done via intermediaries such as brokers (like Mountain Wolf) or banks, which provide their clients with specific trading software. In particular, rapid technological advances have made online trading fast and convenient, and therefore as accepted as it is popular.

Advantages of online trading

Digitalisation has also had a considerable impact on the financial world, especially in relation to trading such as at Mountain Wolf. Because of the technical possibilities, trading has increased massively in speed. Whereas investors and traders used to have to place their orders by telephone, fax or post, this is now possible with a click and much less effort.

Criteria such as duration and type of trade, prices and quantities or account details can now be clarified without a personal conversation between a broker like Mountain Wolf and its client. Ultimately, the opportunity to trade online has brought many advantages:

  • The range of tradable financial instruments is broader and deeper.
  • Online traders have many tools and various indicators at their disposal.
  • Many tools can be used automatically and instantly.
  • The platform executes the booked orders, you only need an internet connection.
  • Training opportunities for online trading, knowledge pools, analyses or trading courses are often provided in-house.
  • Transaction costs have dropped significantly, as personal telephone advice is no longer required.
  • Profits are achievable even with a low stake.
  • The speed of executing transactions has increased noticeably.
  • The possibility of losses due to gaps is reduced.

But online trading does not only provide investors with conveniences in terms of uncomplicated use of the platform. Above all, due to the analysis options, indicators and the various tools, the investor enjoys noticeably more comfort. The times when you had to draw your own charts or make your own calculations are over.

Online trading platforms now offer their clients an enormous range of order types that online traders can execute independently with a day trading broker of their choice.

An individual trading plan

Given that there are so many order types, online traders can tailor their trading plan to their individual needs and make different settings in the process: Buy entries:

  • Buy Limit Orders: Buy below current market price
  • Buy Stop Orders: buy above current market price
  • Buy Market Orders: buying at the current market price

Sell entries:

  • Sell Market Orders: Sell at the current market price
  • Sell Stop Orders: Selling above the current market price
  • Sell Limit Orders: Sell below the current market price

Exit Orders:

  • One exits at a profit when the pre-determined price is reached (take profit)
  • You move the stop loss depending on the price development (trailing stop orders)
  • Exit at a loss when the pre-determined price is reached (stop loss)

Another advantage of online trading from the perspective of the capital investor is the absence of any restrictions. Thus, one is free to choose one’s own trading strategy and acquire one’s own trading style. At this point, there are many different approaches:

  • Intraday trading – opening and closing of positions within a single trading day
  • Swing trading – risky exploitation of price fluctuations
  • Scalping: offensive, short-term trading in narrow time intervals
  • Long-term trading
  • Automated trading with robots (“Expert Advisors”)

Online trading made many of these trading styles possible in the first place by eliminating telephone exchanges with the trader. Accordingly, one can speak of a trading revolution that bridges the gap between countless investors from all over the world and the global financial markets.

Private investors should examine very closely the extent to which the Mountain Wolf company offers these conveniences.

The disadvantages of online trading

Not all that glitters is gold, and this also applies to online trading. Therefore, in addition to the advantages, a number of disadvantages are also apparent, which inclined investors should include in their considerations:

  • Compared to conventional trading, scalping is rather hectic.
  • Investors should keep a constant eye on price trends.
  • If wrong decisions are made, considerable losses can be expected.
  • Investors should already be versed in trading and pursue resilient strategies.
  • The emergence of fraudulent trading portals has led to enormous risks of loss.

Speculative day trading in particular is not suitable for investors who are dealing with the subject of trading for the first time. This is because the risk of incorrectly forecasting price developments is immense, and due to the time pressure, adjustments are not easy.

Therefore, this form of trading tends to be suitable for particularly competent or very risk-averse investors. If someone belongs to this group, day trading is a way to generate timely results. Incidentally, one benefits, for example, from the elimination of fees for holding positions overnight.

Finally, these financing costs must also be included in the overall consideration of an investment. In addition, one is literally spared the rude awakening in the morning, should there be immediate and drastic price changes. Such “gaps” develop quickly due to negative reports about a company.

On the other hand, one quickly sees the success if one can report a profit at the end of a trading day. It is also important for day traders to compare the trading fees of the different brokers. It may be advisable to opt for a lump sum in the form of a fixed rate.

This is particularly worthwhile when trading at a high frequency and separately charged order fees would significantly reduce the profit.

Understanding the risks

In order not to unnecessarily increase the risks and dangers of online trading, it is recommended to check which financial provider one wants to trade with. From the experience of our law firm, some questions have emerged that can help one identify potential risks. Referring to the example of Mountain Wolf, these would be as follows:

  • Is Mountain Wolf regulated by a European financial supervisory authority and is the provider subject to official supervision?
  • Is there an imprint on Mountain Wolf’s online presence and can credible statements about the provider’s place of business be found?
  • Does Mountain Wolf guarantee exceptionally high profits and hide or downplay the dangers?
  • Are there any warnings from lawyers or law firms representing injured clients in connection with Mountain Wolf?
  • Did contact with Mountain Wolf occur as a result of an unsolicited phone call?
  • Can you find any regulatory warnings about Mountain Wolf?
  • Are there testimonials from other private investors, what is the prevailing view in forums?

Behaviour in the event of losses

As soon as you suspect that you have been defrauded in trading, it is recommended that you immediately block additional payments. This applies in particular to the case that the provider recommends additional payments to compensate for deficits.

In addition, one should attempt to recover the lost capital. In this context, aggrieved investors can seek investor protection and contact the lawyers of our law firm. We examine both civil and criminal law options as well as possible claims for damages against the financial provider and against involved payment service providers such as financial institutions.

“It is far from being an isolated case if a private investor loses his capital in the course of online trading. Numerous investors let themselves be misled by the professional behaviour of the companies and only notice too late that they are not responsible for their losses.”

Our advice is therefore not to despair, but to react swiftly 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 Mountain Wolf? Then click here to go directly to our contact area.