SeaStock24 – the company describes itself on the company website as a secure, fast and simple online trading platform. SeaStock24 offers its clients a wide range of services in the areas of cryptocurrencies, indices, energies, shares, currency pairs, metals and futures.

You have invested with SeaStock24 and would like your capital back? The Herfurtner law firm will help you with any problems.

SeaStock24 – safe online trading?

Currently there is an extraordinarily high number of online trading platforms such as SeaStock24. Thus, it has never been as easy but also risky as today to invest in the unpredictable financial markets. Precisely because there are countless options, choosing a broker can be time-consuming and intimidating.

Especially if it is to suit your particular investment needs. Are you thinking about investing with SeaStock24? In this case, the following aspects are relevant for you as an investor.

  • Officially licensed brokers on the internet, trustworthy provider internet sites, fees and brokerage commissions, product options and key data are just selected considerations you would need to plan for when making your irrevocable choice.
  • An ideal address for money investors who want to learn about stocks, futures, binary options and cryptocurrencies is a web presence like this one.
  • When trading online, you can choose from a number of order types.

The following information is a general suggestion for investors – regardless of the platform you are investing in.

SeaStock24 – recognising reputable service providers

Investors have a diverse range of investment opportunities at their disposal, with trustworthy and questionable providers competing for their attention. There are many indications that a service or product is not trustworthy, and it is important to focus on this.

This is where you will learn what details to look for when investing your hard-earned assets. Banking, financial services and insurance companies like SeaStock24 are only allowed to operate in the FRG with state permission. Although the companies have received a licence, this does not mean that the products offered are of excellent quality.

In the event that a prospectus or information sheet approved by the German financial supervisory authority has been published beforehand, shares and investments can likewise be made available to the general public. BaFin only ensures that the prospectuses are complete, comprehensible and logical.

SeaStock24’s prospectus or information sheet is not required in every context. Before investing, it is advisable to think about your long-term goals and check whether you have the monetary means to achieve them. Do not rush the process. Before putting your capital into an investment, take time to review the pros and cons.

Do not make a decision on the spot, even if you have consulted with others.

Deadline pressure when investing? What kind of experience have you had with SeaStock24?

Do you feel the pressure of a tight deadline? The service provider is tempting you with a special offer, but you are under pressure to make a choice immediately? This is not an ideal idea at all, because it is usually a ruse. Don’t be in a hurry! Not only can you get reliable special offers now, but you can also invest in SeaStock24 in the future.

To get to their goal, scammers know in depth what they have to do. They try to get as much information as possible about their target person through advantageously prepared questions. They also ask about the other person’s circumstances, for example whether he or she is alone at home or whether he or she keeps money at home.

They also play a game of “wait and see” to tire out the subject. They may keep their counterpart on the phone until he or she agrees to go to the credit institution and hand over money and other valuables to the fraudsters. In one such scam, the victim is put under pressure to meet a deadline.

With this very tactic, the injured party is made to disregard his own vigilance. Current support scams use the same method.

Since the computer of the person contacted is presumably infected by a particularly extreme virus, the callers, who are presumably working on behalf of Microsoft or such a service provider as SeaStock24, demand in English with an Indian accent the urgent repayment of a maintenance contract.

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

Protect yourself from financial loss through the Ponzi scheme

A Ponzi scheme, or Ponzi scheme, is a type of money scam. In it, capital is pooled from new investors and next used to pay out capital to the previously victimised individuals. The organisers of Ponzi schemes usually claim to invest your assets and make huge returns without putting your assets at risk.

Nevertheless, in many Ponzi schemes, the lawbreakers do not actually invest the money they take. Rather, it is used to compensate people who paid in earlier. This allows the perpetrators to keep some of the assets for themselves. So pay attention to the risk-reward ratio with all investments – also with SeaStock24.

Ponzi schemes require a continued inflow of fresh money to keep running, as they have low or no actual profits. Many of these schemes fail when it becomes difficult to attract fresh backers or when a substantial number of investors drop out.

In the event that you want to invest with a provider like SeaStock24, you should act with prudence without exception. Among the clues you should watch out for are:

  • Risk-free returns with minimal or no volatility. Every investment involves a certain amount of risk, and the riskier an investment is, the more likely it is to yield a high return.
  • Investments that are not registered with financial regulators. In most cases, Ponzi schemes are unregistered investments that are not supervised by government authorities such as Bafin.
  • Overly predictable outcomes. Over time, investments tend to rise and fall. Any investment that consistently produces good returns regardless of market conditions should be viewed with a high degree of disbelief.
  • Profits are not being paid out? If you do not receive any payments at all or find it difficult to cash out, you should be vigilant. Ponzi scheme operators may try to persuade participants to stay by guaranteeing even greater monetary gains if they do not withdraw money.
  • Tactics that are not easy to detect. Keep your capital out of the stock market unless you know enough about it.
  • Selling without a licence: Investment professionals and firms must be licensed or registered in accordance with federal and state securities regulations. The vast majority of Ponzi schemes involve unlicensed individuals or providers.

Typical course of investment fraud: Tips to protect yourself

Do you want to invest with SeaStock24? If so, you should find out all the relevant information about the company. Investment fraud is a special form of fraud. The criminal guarantees or pretends to a large circle of people a profitable investment in the capital market.

Capital investment fraud is sanctioned by a prison sentence of up to three years or a fine according to § 264a StGB. Subsequent products and tactics can sometimes be considered as capital investment fraud:

  • Criminals use the brand name of the service provider SeaStock24 and clone the company
  • Participations in share certificates, funds and certificates
  • Unwanted telephone advertising calls, so-called cold calling
  • Boiler Room Scam, a cold call in which investors are sought by phone call

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

  1. Recovering funds: If payments have been made via credit card, this can often be recovered by involving a law firm. In the case of transfers from the current account, this can often be recovered by bank order.
  2. Asserting claims for damages: Persons who have been misinformed can assert claims for damages against the investment advisor.
  3. Involve the criminal police and supervisory authority through a lawyer: There are collective police proceedings against certain fraudulent companies in the Federal Republic of Germany and also in other countries. The police are authorised to have the criminals’ bank accounts blocked and the money seized. Furthermore, the public prosecutor’s office becomes active.
  4. Revoke or contest contracts: Affected persons who have concluded a contract can revoke or contest it in the case of investment fraud.

How high are the fees charged by an online broker?

Before investing with SeaStock24, find out how much of your investment amount is used to cover costs such as fees and commissions. This is a good time to check the info provided by the service providers in detail! Investors must be informed of all costs charged and their impact on the profit margin of investment service providers.

In addition, the remuneration must be presented individually. If you request a breakdown of the individual costs, the investment service providers are obliged to provide you with this information. A broker like SeaStock24 is usually interested in as many trading transactions as possible for understandable reasons.

Often the costs are so exorbitant that it is difficult to make a profit. The costs can even eat up 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 also specified in the legal regulations and licensing. In connection with a violation, the provider can be deprived of the regulatory licence.

Money back from SeaStock24: Increase the chances of success with the help of lawyers

In order to be able to weigh up whether you have a repayment claim against the provider SeaStock24, it is always necessary to assess your individual case. The lawyers of the Herfurtner law firm will carry out this assessment for you within the framework of a free initial consultation.

The starting point for this assessment is always the facts of the case as explained by you. In addition, parallels can often be drawn with similar cases. You therefore benefit from the extensive experience of our lawyers.

After the complete examination of all documents and the legal classification, the approach is first and foremost directed against the provider SeaStock24 itself, should certain breaches of duty be ascertainable.

In order to be able to prove these breaches of duty, the contract documents, the e-mail message history and possibly also additional documents should be evaluated. Furthermore, licensed online trading providers are equally obliged to make and archive telephone records of conversations with buyers.

The demand for the handing over of such documentation and the subsequent evaluation is also a sensible and necessary step to enforce your claims.

With the help of this evidence, investors’ claims can be enforced both in extrajudicial and in judicial proceedings.

The financial institutions and crypto exchanges that are on the receiving end should also be taken into consideration in this context.

Due to the fact that very often considerable amounts of money are involved, the question arises again and again whether the companies have fulfilled their information obligations and the obligations according to the Money Laundering Act.

It is not possible to make a general statement in this regard; rather, the individual case must be considered. The same applies to the beneficiary on the receiving side, who is usually not equivalent to the service provider itself. Under certain circumstances, a claim can also be made against the service provider if breaches of duty can be proven.

After all options under civil law have been exhausted, there is still the option of proceeding under criminal law if the suspicion of an illegal act is substantiated. In this regard, it is necessary to contact law enforcement agencies at home and abroad and to coordinate additional precautions.

In the meantime, many federal states have set up special units for the subject areas of fraud offences in the area of online and crypto trading. The lawyers of the Herfurtner law firm are in regular contact with these units. Last but not least, hosting providers can also provide useful information on domain holders.

However, contacting the web hosts, who are often located outside the EU, is extremely complicated for the layperson. Financial authorities in Germany and abroad are also helpful sources of information for investors who have suffered losses.

In addition to the complaint against the particular online trading provider, which is intended to protect other potential investors from investments, the financial supervisory authorities may be able to provide additional details as a source of information.

This information often makes it possible to link investigations in Germany, Austria and Switzerland.