PionMarket – On its homepage https://www.pionmarkets.com/index.html, the broker claims to be a service provider in the field of finance, active in the areas of currencies, indices and commodities. Accordingly, investors can trade professionally. You have invested with PionMarket and want your money back? The law firm Herfurtner can help you with obstacles.

PionMarket – Broker Overview

Currently, there is an extremely high number of online trading platforms such as PionMarket. As a result, it has never been as easy but also risky as now to invest in the volatile financial markets. Because there are so many options, choosing an online platform can be time-consuming and daunting. Especially if you want it to meet your individual investment needs.

Have you already invested with PionMarket? If so, the following points are important for you as an investor.

  • In online trading, you can use a variety of order types.
  • State-regulated online brokers, secure provider sites, fees and brokerage commissions, product options and customer reviews are just a few of the factors you should plan for when making your final choice.
  • A very good place to start for investors looking to learn about securities, futures, binary options and cryptocurrencies is a website like this one.
  • Accessing the world’s stock markets becomes more convenient and lucrative for investors through online investing.

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

Regulatory approval – is there a licence in the case of PionMarket?

Both financial markets and investor protection benefit from rules of conduct and organisational responsibilities. Equity service providers and companies like PionMarket must comply with a set of standards of conduct. The same applies to their employees. This requirement is intended to prevent conflicts of interest and associated disadvantages for investors.

This includes the responsibility of the provider to inform its clients about the most important features of a securities transaction before it is concluded. This applies both to the individual investor and to the investment itself. According to this very idea, additional disclosures are indispensable for customers who want to engage in highly speculative or risky transactions.

To their clients, companies such as PionMarket have a responsibility. This goes significantly beyond the provision of a product or service. Is the service provider licensed to sell investment products? You should definitely check this. To do this, you can consult the broker check data collection of a financial authority and type the name of the provider into the search field.

Have you made a trial investment with PionMarket?

Does PionMarket entice you to try out investing with a small amount? You cannot find any information about the service provider because it is ostensibly a new company with exciting business ideas? The probability is high that the “insider” advice is a scam. After a very short time, the broker will tell you that your investment was a huge success and appeal to you to increase your investment.

The success of your trial investment may make you want to make further investments. Here are some examples of dubious investment tips:

  • “Dedicate just five minutes of your life to us and become a self-made billionaire.”
  • “Would you like to turn 1,000 euros into 250,00.00 euros?”
  • “With the automatic share profit method you will earn 3500.00 Euro per month!”
  • “5-star share with a dividend of 47.88 percent”

Anyone who promises too much, and that too unsolicited, is rarely trustworthy! Nevertheless, also check which guarantees and offers are presented to you by the online broker PionMarket.

Understand Pump & Dump and protect yourself

The term pump & dump is used to explain a procedure in which the price of a share is driven up unnaturally by insiders. This share is then sold again at a loss to the remaining investors. This is therefore a fraud. A deception that profits from the ignorance of small investors and stock market novices. This tactic is therefore illegal in a controlled stock market and for companies like PionMarket.

The crypto market, on the other hand, is still almost completely “Wild West” as far as such tactics are concerned. For this reason, 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 fraudsters to drive up the price of an unknown or even self-made currency.

They achieve this by spreading disinformation on the WWW or on social media or by luring co-investors with unreasonable profit expectations. So make sure that the provider PionMarket provides you with all the necessary information on this complex of topics, if applicable.

Online broker charges taxes and additional payments?

Investors are often wooed by an “online broker” or a call centre employee as soon as they have set up an account on the apparent trading platform. The aim is to get the investor to increase his long-term investments in order to maximise income. This is also an initially legal goal of the online broker PionMarket.

Shortly after the buyer has deposited his capital, the first profit developments may be presented on his user account. This should encourage the investor to invest steadily in the financial instrument. The operators of the trading platform, however, can use fraud software to fake account movements and earnings, even without the consumer noticing.

Make sure that the accounts can be authorised equally with PionMarket.

In reality, no trading takes place on many platforms. Instead, the perpetrators transfer the transferred capital to bank accounts outside Germany’s borders. This is not noticed by the buyers at first. The “brokers” delay the payout of the stated profits by demanding the payment of apparently incurred taxes and commission costs from the investors. These scams only serve the purpose of increasing revenue.

Sooner or later, the connection breaks down completely. The money deposited is no longer there. From this moment on, the only way left is to go to a lawyer to launch the necessary steps.

Order commission – what is it?

Before investing with PionMarket, find out how much of your investment amount is used to cover costs, fees and commissions. This is a useful time to check the information provided by the providers in detail! Investors must be notified of all fees assessed and how they affect the return from investment service providers. In addition, the costs must be presented individually.

In the event that you request a breakdown of any costs, providers are under an obligation to provide you with this info. A broker like PionMarket is normally interested in as many transactions as possible for understandable reasons. Usually, the fees are so high that it is difficult to make a profit. The fees can even devour the invested money in a very short time. Therefore, be sure to pay attention to the costs!

The commission fees of the online broker must be accessible to everyone. The transparency of the structure of the costs is also stipulated in the legal regulations and licensing. In connection with a violation, the provider’s regulatory licence can be withdrawn.

Getting deposits back from PionMarket: act quickly

Investors who have suffered losses with a company like PionMarket, or who encounter problems getting their money back, should first stop making additional deposits. It is then highly advisable to seek legal advice and investigate any possibility of having your money refunded. It is important:

  • act quickly
  • seek legal help
  • do not bury your head in the sand

Would you like to discuss the PionMarket provider with us? In this case, our legal advisors are ready to provide you with information. Feel free to contact us to discuss PionMarket.