Primebit Profit – The provider advertises itself as a financial service provider. On its platform, profitable investments in cryptocurrencies, shares, commodities, ETFs and indexes are possible.

If you have invested with Primebit Profit and there are problems with the distribution, the lawyers of the Herfurtner law firm are available to provide you with advice and assistance.

Primebit Profit – Broker at a glance

Currently, there is an enormously high number of online trading platforms such as Primebit Profit. As a result, investing in the volatile financial markets has never been as easy but also risky as it is today.

Especially because there are a lot of options, choosing an online platform can be time-consuming and daunting. Especially if you want it to meet your particular investment needs.

Are you thinking about investing with Primebit Profit? Then the following aspects are significant for you as an investor.

  • An ideal place to start for investors who want to find out more about shares, futures, options and cryptocurrencies is a website like this one.
  • Access to cross-border stock markets is made more convenient and lucrative for money investors by investing online.
  • Licensed online brokers, secure websites, costs and commissions, product options and reviews from clients are just exemplary features you would need to plan for when making your irrevocable choice.

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

Investing Profit with Primebit? Know all the risks and dangers of online trading beforehand

Just as the stock exchange and other financial markets are exposed to special risks, so is online trading.

As an investor, you should therefore check Primebit Profit with regard to the following topics:

  • Dangers arising from inaccurate or incompetent trading
  • Insufficient knowledge of the offer
  • Online trading platforms that are unreliable
  • The dangers of online security

Minimise the risk by looking for a proven track record when choosing a financial services provider. In this context, it is equally important that you are guaranteed secure money management. Only in this way can you move confidently in the Internet trading arena.

Capital investors who have a deft hand can certainly profit from this, and their earnings are potentially large.

Assuming they have the right tactics. One thing everyone who starts trading should be aware of: The threat of losing more funds than deposited in the bank account of online broker Primebit Profit while trading on the stock exchange exists at all times.

Short term offer at Primebit Profit?

Feeling 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 in a flash?

This is not a good idea, because it is often a ruse. Don’t rush into a decision You can not only get serious offers now, but also invest capital with Primebit Profit in the future.

To achieve their goal, scammers know exactly what to do. They strain to obtain as much information as they can about their target through advantageously worded requests. In addition, they ask about the circumstances of the other person, for example whether he or she is alone at home or whether he or she has cash at home.

They also play a game of “wait and see” to tire out the person. They can keep their counterpart on the phone until he or she agrees to go to the credit institution and hand over cash and additional valuables to the criminals.

In such a scam, time pressure is imposed on the injured party. With such a tactic, the injured party is encouraged to disregard his own caution.

Current support scams use the same formula. Since the contacted person’s computer is presumably infected by a very serious malware programme, the callers, presumably acting on behalf of Microsoft or such a financial service provider as Primebit Profit, demand urgent payment for a maintenance contract in English with an Indian accent.

The swindlers add to the stress by threatening the targeted individuals to make them pay if their computer is infected and transmits the infections.

What financing instruments does the grey capital market offer?

Very few of the financial market participants, such as Primebit Profit, are subject to official regulation and supervision. In the grey capital market, providers operate who do not need the approval of the Federal Financial Supervisory Authority and only have to follow a few regulatory criteria.

Only make an investment in the grey capital market if you are convinced of the provider’s creditworthiness and know it as a company. As I said, the Federal Financial Supervisory Authority has no control at all over these financial service providers.

The grey capital market holds a variety of options. There are:

  • Loans with a subordination agreement
  • Ordinary bonds
  • Crowdfunding offers
  • Corporate investments
  • Direct investments such as in timber, precious metals or other commodities

One thing is certain: it is uncertain what the investor will get out of it in the end.

Do you find it difficult to understand the product on offer? Then you should find out as much information as you can before making a choice.

Don’t invest in anything you don’t fully understand! When it comes to investments, the more knowledge you need, the more complex the financial product.

It is also not recommended to focus all your money on one product. Spread your risk beyond Primebit Profit.

To avoid being influenced inappropriately, always focus on the product itself and not on the brand name or the presentation of the financial service.

Do you suspect investment fraud? These are the signs

Do you want to invest with Primebit Profit? Then you should find out all the essential information about the company.

Investment fraud is a special form of fraud. The criminal guarantees or pretends to a larger circle of people a profitable investment in the capital market.

Capital investment fraud is sanctioned according to § 264a StGB with a prison sentence of up to three years or with a fine.

The following products and strategies may be considered investment fraud:

  • Criminals use the brand name of the service provider Primebit Profit and clone the company
  • Unsolicited telephone advertising calls, so-called cold calling
  • Shareholdings in companies
  • Participations in shares, funds and certificates

Those who have fallen for investment scams have often invested a lot of money. What can you do in case of investment fraud?

  1. Involve the police and financial authorities through a legal advisor: There are collective police proceedings against some fraudulent companies in Germany and also abroad. The criminal investigation department is authorised to have the bank accounts of the fraudsters blocked and the assets seized. In addition, the public prosecutor’s office becomes active.
  2. Withdraw or contest contracts: Affected persons who have concluded a contract can withdraw or contest the said contract in the case of investment fraud.
  3. Recovering capital: If payments have been made via the credit card, this can be recovered in several cases by instructing a law firm. In the case of transfers from the current account, this can often be recovered by bank order.
  4. Claim damages: Clients who have been inaccurately informed can assert claims for damages against the investment advisor.

Costs and commissions for online trading – find out in good time

Before investing with Primebit Profit, find out how much of your investment amount will be used to cover costs, fees and commissions. This is a useful time to check the details provided by service providers in detail!

Investors must be informed of all calculated costs and their effect on the profit margin of financial service providers. In addition, the costs must be listed individually.

Assuming that you request a breakdown of all costs, the securities service providers are under an obligation to provide you with this information.

An online broker such as Primebit Profit is usually interested in as many trading transactions as possible for understandable reasons. In quite a few cases, the costs are so high that it is difficult to make a profit. The costs can even eat up 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 available to everyone. The transparency of the cost structure is also stipulated in the applicable rules and regulations.

In connection with a violation, the service provider’s regulatory licence can be revoked.

You want to get your investment back from Primebit Profit? Our lawyers can help

If you have already made investments with Primebit Profit and now want to get them back, there are different approaches.

  1. If there is a suspicion that the bank accounts into which our clients have paid are part of a money laundering scheme, it is possible to have these accounts blocked. Transfers to these accounts can then be reclaimed from the receiving bank.
  2. If a check by our lawyers would indicate that the provider may have acted dishonestly, we file a criminal complaint with the competent authorities on behalf of our clients. Our law firm is in regular dialogue with public prosecutors who conduct investigations throughout Germany. As a rule, there are many hundreds or even thousands of injured parties in these criminal proceedings. The investigations repeatedly extend to other countries. In recent years, the public prosecutor’s offices have repeatedly achieved significant successes in investigations.
  3. If it is not possible to solve the problem with the provider, a complaint should be filed with the competent tax authority. This authority will examine the case and may order the provider to pay compensation. The client will then be reimbursed the amount of money by the provider. Addressees for complaints can be, among others, tax authorities or the Financial Ombudsman.
  4. If the perpetrators were to be arrested, claims of the investors who have suffered losses can be asserted in court proceedings. For this purpose, we accompany our clients through the so-called adhesion procedure. In this way, we can obtain court titles for our clients against the providers. In most cases, these can then be directly enforced against the confiscated money of the fraudsters.
  5. If transactions have been carried out on foreign accounts, the tax authorities and financial institutions based abroad can also be informed. As a result, they usually initiate their own investigations. This, too, is aimed at securing funds in the bank accounts and subsequently repaying them to our clients.
  6. Often, a solution to the problem can be agreed with the service provider itself. We are always able to reach out-of-court settlements with the platform operators. Our clients then receive all or part of their transfer sum back.