Profi Trade 24/7 – According to information available on the company’s website https://www.profitrade247.com/, the broker is a service provider for online trading that offers its clients various services. Accordingly, Profi Trade 24/7 takes care of trading in foreign exchange, precious metals, bulk commodities and virtual currencies.
You encounter complications with the distribution of your capital investment? Our lawyers can help you with claims against Profi Trade 24/7.
Profi Trade 24/7 – Trading Evaluation
Currently, there are an extraordinarily high number of online trading platforms such as Profi Trade 24/7, making it easier but riskier than ever to invest in the volatile financial markets. Precisely because there are countless opportunities, choosing an online platform can be time-consuming and daunting. Especially if you want it to meet your particular investment needs. Are you considering investing with Profi Trade 24/7? Then the following aspects are important for you as an investor.
- State-regulated brokers on the internet, secure websites, costs and bonuses, product options and customer reviews are just a few of the factors you should consider when making your final choice.
- A very good place to start for money investors who want to find out about stocks, futures, options and cryptocurrencies is a website like this one.
- When trading on the net, you can use a wide range of order types.
The following statements are basic tips for investors – regardless of the platform in which you invest money.
Is Profi Trade 24/7 credible? Identifying trustworthy service providers for online trading
The following considerations should be kept in mind when looking for ways to invest your money online:
- It can be very useful to determine what other consumers are saying about a potential service provider, even if it is only on the net.
- Quality seals are often used by fake shops to pretend that they are reputable. To see if a cross-reference leads to the homepage of the cachet and if the shop is also listed there, click on the picture of the cachet. It is quite possible that the provider of the website has merely copied the quality seal from another WWW page and transferred it to his current website without the adequate certification.
- In The Federal Republic of Germany, the imprint must contain an address, the contact details of an authorised representative of Profi Trade 24/7 and a telephone number.
- Look for an imprint on the provider’s online presence. If this is not the case, it means: Hands off! But also take into account that an imprint can be faked.
Does Profi Trade 24/7 guarantee enormously high profit margins?
Check how reputable Profi Trade 24/7’s offer is. Is the interest rate offered to you exceptionally high? Can you make a lot of money with just a fewEUR? Most of these offers are nothing more than an illusion. Be sure that criminals are very often hiding behind these tempting offers. As a rule, nothing at all is invested in these investment offers.
Judge accordingly how serious the offer from Profi Trade 24/7 is. Scams are usually carried out by tricksters in a similar way. Online, investment products that are supposedly profitable are advertised in a prominent position. The criminals postulate that they will earn a lot of capital. At the beginning, the investment amounts are relatively small.
All those who sign up are contacted by a fictitious online broker or securities trader. The victims of the scam then get access to an apparent investment software after paying the money. Dubious offers can also be identified by promises of returns that are conspicuously above the market average. An investor’s risk of losing investments increases in direct proportion to the expected return, even with Profi Trade 24/7.
One opportunity to find out about normal market returns is the business sections of newspapers or the website of the Deutsche Bundesbank. You should also take advice on companies with exceptional growth potential with a grain of salt. Low prices and low trading volumes make penny stocks, for example, particularly vulnerable to speculation and manipulation.
Have you had any experience with orders not being placed?
Placing orders for securities transactions without the account holder’s consent can in individual cases lead to a jump in the price of certain stocks. This applies above all to open market transactions in illiquid foreign securities (over-the-counter market). You should therefore remain cautious if you are asked to disclose personal data about the investment with Profi Trade 24/7 without your permission, citing apparently lucrative transactions or profit announcements.
You should not disclose your IBAN, SWIFT code and other bank codes at any time to anyone you do not know. Neither should you disclose your account or custody account numbers and passwords. Do not hand over any custody account documents or securities statements from Profi Trade 24/7 to a third party who is unknown to you. Callers posing as investment advisors, brokers or employees of a financial authority are also dangerous.
Characteristics of trustworthy online trading platforms
On dubious internet platforms, a variety of investment goods exist, which are aggressively advertised in internet forums and social networks to lure investors. In addition, “multi-level marketing” is used to solicit new investors. The advertising mainly emphasises the promise of short-term profitability. In order to start investing, a potential investor must first create an account with the trading platform – such as Profi Trade 24/7.
Next, the alleged brokers contact the investor via a call centre and try to persuade him to invest large sums of money. The capital investors’ positive attitude towards cybertrading is partly reinforced by their desire for future profits. Buyers are more willing to invest in the future if they see exactly the kind of results they want. At this point, investors are being hoodwinked by a manipulated trading algorithm as to the true trend in stock market data and prices.
Profi Trade 24/7 does not necessarily fall into this category. The perpetrators use their own unilaterally defined price values to calculate returns. This entails that the provider has complete control over whether a profit is made or not. This manipulation continues until the supposed profits are paid out. When the moment of distribution arrives, the buyers suddenly no longer have access to their accounts and the personal client advisors associated with them.
The majority of money investors lose all their capital invested in this illegal trade, forcing them to seek legal counsel for help.
Insist on clearly identifiable exit alternatives
Make sure you know when and how much money you will get back. It is best to avoid long-term contracts that cannot be terminated early or where you would incur heavy monetary losses. Only conclude longer-term contracts without the possibility of early termination with service providers such as Profi Trade 24/7, whose seriousness you have no doubts about.
Even if you have the chance to waive a contract at any time or to cancel it over a specified period of time, you should be suspicious. Even then, if these criteria are met, you may still be vulnerable to monetary damages. Make sure you know exactly how much money you will recover if things go wrong. The following rule applies to transactions in shares: Before the end of the term, find out what options are available to you to sell a share.
It is usually crucial to be aware of whether there is a liquid market for offers such as those offered by Profi Trade 24/7. It is possible to sell share certificates through an online broker or a financial institution. All three methods are legitimate for placing a sell order. The actual selling process is then completed via a securities exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks).
Order supplements can be used to control the execution of the order in advance. The sale of the share certificates takes place at a time and place determined by you.
Lawyers advise on Profi Trade 24/7
Investors who are affected by losses with a service provider such as Profi Trade 24/7, or who have difficulties in having their profits paid out, should first of all refrain from making additional deposits. Afterwards, it is advisable in any case to seek legal advice and to clarify all possibilities of compensation for investments. It is important:
- act quickly
- seek legal support
- do not despair
Do you have questions about the service provider Profi Trade 24/7? Then our lawyers are at your disposal. Please feel free to contact us to discuss Profi Trade 24/7.