ProAct Traders – The supposed investment company ProAct Traders presents itself on its website https://proacttraders.com/ as a provider of online trading training, trading tools and a supposedly award-winning software.
You have invested with ProAct Traders and want your money back? The law firm Herfurtner will help you in case of difficulties.
ProAct Traders – serious offers?
Currently, there is an enormous number of online trading platforms such as ProAct Traders. As a result, investing in the unpredictable financial markets has never been as easy but also as risky as it is today.
Especially because there are so many options, choosing an online broker can be time-consuming and frustrating. Especially if you want it to meet your individual investment needs. Have you already invested with ProAct Traders? In this case, the following aspects are important for you as an investor.
- An ideal place for investors to start learning about stocks, futures, binary options and cryptocurrencies is a website like this one.
- Access to the world’s stock exchanges is becoming more convenient and affordable for money investors through online investing.
- State-licensed online brokers, reputable provider websites, costs and commissions, product options and customer reviews are just some of the features you should factor into your final choice.
The following tips are general tips for investors – regardless of the platform in which you invest capital.
Is ProAct Traders credible? Recognising reputable financial service providers for online trading
The following thoughts should be kept in mind when looking for opportunities to invest your wealth online:
- Quality seals are often used by fake shops to pretend they are reputable. To see if there is a link to the seal of approval website and if the shop is listed there, click on the image of the seal. It is quite possible that the owner of the online presence has simply copied the seal from another website and transferred it to his current website without the correct certification.
- Look for an imprint on the WWW page of the service provider. If this is not the case, you should: Hands off! But also take into account that an imprint can be faked.
- It can be very useful to find out what other customers say about a potential provider, even if it is only on the Internet.
- In The Federal Republic of Germany, the imprint must contain a postal address, the contact details of an authorised representative of ProAct Traders and a telephone number.
- Financial service providers such as ProAct Traders must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). BaFin’s company database contains information on authorised service providers.
ProAct Traders: what does the provider promise and does it explain the risks of loss?
Assess how trustworthy the ProAct Traders offer is. Is the interest rate provided to you exceptionally high? Can you make a lot of money with just a few EUR? These offers are mainly nothing more than an illusion. Be aware that criminals are often hiding behind these tempting offers. As a rule, nothing is invested in these investment offers.
Therefore, check how honest the offer from ProAct Traders is. Scams are often filled out by con artists in almost the same way. Investment products that are supposedly profitable are advertised prominently on the web. The perpetrators emphasise that they will receive lots of assets.
At the beginning, the investment amounts are reasonably low. Those who register are consulted by a fictitious broker or securities broker. The fraud victims then receive access to a supposed investment software after depositing the money. Dubious offers can also be recognised by promises of returns that are significantly above the market average.
An investor’s risk of losing financial resources also increases with ProAct Traders in direct proportion to the expected margin. One chance to find out about normal market returns is the business sections of newspapers or the website of the Deutsche Bundesbank.
Similarly, you should treat advice on companies with exceptional potential for growth with caution. Low prices and very low trading volumes make penny stocks, for example, exceptionally susceptible to speculation and manipulation.
Pump and Dump – Explanation
The term pump and dump is used to describe a procedure in which the price of a share is driven up unnaturally by insiders. Subsequently, the same share is sold to the remaining investors at a loss. This is therefore a fraud. A fraud that profits from the cluelessness of small investors and stock market novices.
This approach is prohibited for this reason in a controlled securities market and for providers such as ProAct Traders. The crypto market, on the other hand, is still almost entirely “Wild West” as far as such tactics are concerned. For this reason, special caution is indispensable!
Pump-and-dump scams are increasingly encountered there in the context of the so-called altcoins. The pump-and-dump scam is used by criminals to drive up the price of a currency they do not know about or may have created themselves.
They achieve this by propagating disinformation on the internet or in social media or by luring co-investors with unreasonable profit expectations. So make sure that the provider ProAct Traders provides you with all the essential facts on this complex of topics, if desired.
Cybertrading – what is the risk?
The usual investment fraud is carried out with known means such as advertising, telephone canvassing or stock exchange letters. When it comes to fraud, the old-fashioned method quickly becomes obsolete in the online age. The modern type of investment fraud could be described with the term “cybertrading”.
Investment products are traded here with dishonest intent via the World Wide Web. Unfair investments include financial products such as contracts for difference and cryptocurrencies like Bitcoin & Co. The services of ProAct Traders have also been used by other providers in a similar way to deceive investors.
Investors are increasingly informing themselves about investment opportunities on the web. Thus, people rely on their individual knowledge or on the information of others in blogs, forums and other online portals when making their decision.
The transition to increasingly different financial products has no long-term impact on the lawbreaking activities in terms of gang structure. Since the criminal gangs rely on already existing and widely accepted infrastructures, there is no need to switch to a new “business model”.
No matter what financial product is traded, the process of cybertrading is largely congruent. These investment products are penetratingly advertised on social media platforms such as Facebook or with paid advertisements.
This is virtually all about the presentation of enormously high profits. Determine the probability of earning high profits with ProAct Traders before you invest.
Find out about fees before investing
Before investing with ProAct Traders, find out how much of your investment amount will be used to cover costs such as fees and commissions. This is a good time to look in detail at the disclosures provided by the providers! Investors need to be made aware of all fees payable and how they affect the profit margin of investment service providers.
Furthermore, the costs must be presented separately. Provided that you request a presentation of any costs, the providers are obliged to give you this information. For obvious reasons, a provider such as ProAct Traders is normally interested in as many trading transactions as possible. Often the costs are so enormous that it is difficult to make a profit.
The fees can even devour the invested assets in a very short time. Therefore, be sure to pay attention to the costs! The broker’s commission fees must be available to everyone. The clarity of the cost structure is likewise laid down in the legal requirements and licensing.
In connection with a violation, the service provider’s regulatory licence can be revoked.
You want to get your capital back from ProAct Traders? Our lawyers can help
You have invested with ProAct Traders, or another service provider? Now there are difficulties with the repayment? Then it is advisable to stop further payments immediately. This is especially true if the online broker suggests additional payments to compensate for deficits. In addition, one should try to recover the lost capital.
In doing so, affected investors can seek investor protection and turn to the lawyers of our law firm. We examine both civil and criminal law options as well as possible claims for damages against the company and against involved payment service providers such as banks.
“A private investor who loses money in the course of online trading is truly not an isolated case. Numerous capital investors are misled by the professional behaviour of the service providers and do not realise soon enough that they are not responsible for their losses.”
Our advice is therefore not to despair, but to act quickly and energetically. Because the chance of recovering the lost money is often greater than the aggrieved investors assume. Would you like to talk to one of our lawyers about ProAct Traders? Then you can go straight to our contact page here.