ProFundsEU – the company describes itself on its own website as a trading platform. ProFundsEU offers its customers various services in the areas of currency pairs, metals, energies and commodities. You have invested with ProFundsEU and want your money back? The Herfurtner law firm will help you with any obstacles.

ProFundsEU – customer-oriented online broker?

There are currently a very large number of online trading platforms such as ProFundsEU. This means that it has never been as easy but also risky as today to invest in the volatile financial markets. Mainly because there are a lot of options, choosing an online broker can be time-consuming and intimidating. Especially if you want it to meet your personal investment requirements. Have you already invested with ProFundsEU? Then the following aspects are important for you as an investor.

  • In the field of online trading, a number of order types can be used.
  • Access to the international financial markets is made easier and more affordable for investors through online investing.
  • State-regulated online brokers, reputable platforms, costs and brokerage fees, product options and key data are just some of the points to consider when making your final decision.

The following is general advice for investors – regardless of the platform in which you invest capital.

ProFundsEU – general risks and dangers in online trading

Just as the stock exchange and other financial markets are exposed to corresponding risks, online trading is equally vulnerable. As an investor, you should therefore examine ProFundsEU with regard to the following questions:

  • Dangers that can be associated with corresponding offers, such as possible losses
  • Service providers that are dubious
  • Threats arising from inaccurate or unqualified trading
  • Insufficient expertise about the offer
  • The risks and dangers of online security

Minimise risk by looking for a proven track record when choosing an investment service provider. In this context, it is equally relevant that you are guaranteed safe money management. This is the only way you can move confidently in the internet trading arena. Investors who have a deft touch can definitely make a living from this, and their earnings, if any, are high.

As long as they have the appropriate approach. One thing everyone who starts trading should be aware of: The danger of losing more financial resources when trading on the stock exchange than was paid into the account of the provider ProFundsEU exists at any time.

Unsolicited telephone calls from ProFundsEU?

Have you ever received a call from a stranger offering you a special deal? Do not answer under any circumstances. Unsolicited calls are illegal. “Cold calling is clearly prohibited by investment service providers and other companies such as ProFundsEU. There are also groups claiming to work for reputable internet trading platforms. They do this to get people to give them their personal information.

Most of the time, you are asked to deposit more money after your first payment. Phone scammers are always coming up with new ways to rob investors of their savings, cash and other valuables. A common method used by the criminals is to call the people they want to harm at inconvenient times of the day. This is, for example, very early at dawn or very late at night.

Times, in other words, when they are most vulnerable. Furthermore, the criminals pretend at the beginning of the conversation that they and the person being called know each other. The other possibility is to pretend that the callers are willing to help. In this way, the criminals convey a feeling of sympathy and trust to the person they are communicating with on the phone. Check whether you are really dealing with the company ProFundsEU when they call you.

Investing in the grey capital market: threats and uncertainties

Only a few of the financial market participants like ProFundsEU are subject to official regulation and supervision. In the grey capital market, financial service providers trade who do not need BaFin approval and only have to fulfil some regulatory basics. Only invest in the grey capital market if you are convinced of the company’s solvency and know it as a company.

As mentioned, the Federal Financial Supervisory Authority has no control over these financial service providers. The grey capital market offers a variety of options. There are:

  • Order bonds
  • Crowdfunding offers
  • Profit participation rights and other hybrid forms of bonds
  • Direct investments such as in timber, precious metals or other commodities
  • Corporate investments
  • Loans with subordination clauses

One thing is certain: it is uncertain what the end result will be for the investor.

Do you find it difficult to see through the advertised financial product? If so, you should find out as much information as possible before making a decision. Don’t buy anything you don’t fully understand! When it comes to investments, the more experience you need, the more complex the financial instrument.

It also doesn’t make sense to bet your entire fortune on one horse. Spread your risk across ProFundsEU. To avoid being wrongly influenced, always focus on the product itself and not on the name or reputation of the financial service.

Investment fraud at a glance

You want to invest money with ProFundsEU? In this case, you should find out all the necessary information about the company. Investment fraud is a special form of fraud. The perpetrator guarantees or pretends a profitable investment on the capital market to a large circle of people. Capital investment fraud is punishable by a prison sentence of up to three years or a fine, in accordance with § 264a StGB. The following services and tactics can sometimes be considered as capital investment fraud:

  • Equity investments in companies
  • Boiler room scam, a cold-calling scheme that seeks investors by phone call
  • Criminals use the brand name of the provider ProFundsEU and clone the company
  • Shareholdings in share certificates, funds and certificates

Anyone who has fallen for investment fraudsters has often invested a lot of financial resources. What can you do in case of investment fraud?

  1. Call in the criminal police and the supervisory authority via a legal advisor: Police collection procedures exist against specific fraudulent companies in Germany and also abroad. The police are authorised to have the criminals’ accounts blocked and the money seized. In addition, the public prosecutor’s office becomes active.
  2. Revoke or contest contracts: Affected persons who have concluded a contract can withdraw or contest it in the case of investment fraud.
  3. Assert claims for damages: People who were not advised correctly can assert claims for damages against the investment advisor.
  4. Recovering assets: If payments have been made via the credit card, this can be recovered in various cases by instructing a law firm. In the case of bank transfers from the current account, this can in many cases be recovered by bank order.

Are the exit options unclear?

Check at what time and how much money will be paid back to you. Ideally, avoid long-term contracts that cannot be terminated prematurely or where you would suffer high monetary losses. Only conclude longer-term contracts without the possibility of early termination with providers like ProFundsEU whose credibility you have no doubts about.

Even if you have the option to waive a contract at any time or to terminate it over a fixed period, you should be suspicious. Even if these options are available, you are still vulnerable to financial loss. Make sure you know exactly how much capital you will recover if the investment goes wrong. The following rule applies to share transactions: Before the end of the term, find out what options are open to you to redeem a share certificate.

It is often crucial to know whether there is a liquid market for offers such as those offered by ProFundsEU. It is possible to sell shares 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 from the outset. The sale of the share certificates takes place at a time and place defined by you.

Money back from ProFundsEU: Maximise your chances of success with the help of Herfurtner Law Firm

In order to be able to assess whether you have a repayment claim against the broker ProFundsEU, it is always necessary to assess the individual case. The lawyers of the Herfurtner law firm will carry out this assessment for you as part of a free initial consultation. The starting point for this evaluation is always the facts of the case as described by you.

In addition, similarities to comparable cases can often be noted. You therefore benefit from the extensive experience of our lawyers. After the complete review of all documents and the legal classification, the action is first directed against the service provider ProFundsEU itself, should corresponding breaches of duty be verifiable.

In order to be able to prove these breaches of duty, the contractual documents, the e-mail correspondence and, if necessary, other documents must be analysed. Furthermore, licensed online trading providers are equally obliged to make and store telephone recordings of conversations with buyers. The request to hand over these recordings and the subsequent examination is nevertheless an advisable and necessary step to enforce your claims.

By means of this evidence, investors’ demands can be enforced both in extrajudicial and in judicial proceedings under civil law.

The financial institutions and crypto exchanges that are on the receiving end should also be brought into focus in this context. Since the sums of money involved are usually considerable, the question repeatedly arises as to whether the companies have fulfilled their duties to provide information and their obligations under the Money Laundering Act.

It is not possible to make a general statement in this regard; rather, the individual case must be examined. The same applies to the beneficiary on the recipient side, who is often not identical with the financial service provider itself. Under certain criteria, claims can also be made against the beneficiary if breaches of duty can be proven.

After all options under civil law have been exhausted, criminal proceedings remain if the initial suspicion of a criminal offence is substantiated. This requires contacting law enforcement agencies at home and abroad and coordinating additional measures.

Many federal states have now set up special units for online and crypto trading fraud cases. The lawyers of the Herfurtner law firm are in constant contact with these units. Last but not least, hosting providers can also provide helpful information on the owner of the website. However, it is particularly difficult for the layman to establish contact with the web hosters, who are often located outside of Germany.

Nevertheless, financial authorities in Germany and abroad are valuable contact points for aggrieved investors. In addition to the complaint against the respective service provider, which should prevent further possible buyers from investing money, the financial authorities, as a source of information, may be able to provide further information. These details often allow investigative proceedings in Germany, Austria and Switzerland to be linked.