SixTrading – The online broker is, according to information found on the homepage of the provider, a service provider for online brokers, where you can claim various services as a customer. Accordingly, SixTrading takes care of foreign exchange, commodities, shares and other assets on spread-betting, CFDs, ETFs.

You encounter difficulties with the distribution of your investment? Our lawyers can help you with claims against SixTrading.

SixTrading – Assessments of investors

Currently, there is an extraordinarily high number of online trading platforms such as SixTrading. As a result, investing in the unpredictable financial markets has never been as easy but also as uncertain as it is now. Especially because there are so many opportunities, choosing a provider can be time-consuming and intimidating. Especially if it is to suit your particular investment needs.

Are you considering investing money with SixTrading? In this case, the following points are relevant for you as an investor.

  • State-regulated brokers on the internet, reputable provider websites, fees and brokerage commissions, product options and customer reviews are just some of the aspects you would need to factor into your final choice.
  • Access to international stock exchanges is becoming easier and more lucrative for investors through online investing.
  • An ideal place for investors to go to find out about share certificates, futures, options and cryptocurrencies is an internet site like this one.

The following information is a basic suggestion for investors – regardless of the platform in which you invest.

Invest with SixTrading? Know all the risks and dangers of online trading beforehand

Just as the stock market and other financial markets are subject to certain risks, so is online trading. As an investor, you should therefore check SixTrading with regard to the following topics:

  • Threats associated with the product, such as potential losses
  • Threats arising from careless or incompetent trading
  • The risks of online security
  • Lack of knowledge about the offer
  • Providers who are dubious

Reduce risk by looking at a proven track record when choosing a trading service. In this context, it is equally relevant that you are assured of reliable money management. Only in this way can you move confidently in the internet trading arena. Investors who have a deft touch can definitely benefit, and their earnings are potentially large. Provided they have the appropriate approach.

One thing should be clear to anyone starting out in trading: The threat of losing more funds than deposited into the SixTrading broker’s bank account while trading on the stock market is there at all times.

SixTrading: Contact request and offers via e-mail?

Have you ever received stock proposals by e-mail from a service provider like SixTrading that you do not know? Do you get faxes from the stock exchange that you did not request? Or have you taken an alleged “insider tip”?

Capital investors should beware of comparable tips, because they are not infrequently spread by criminal people as well as online brokers who want to make a profit by selling shares from a fictitious success story. Cases have also become known in which consumers and investors are contacted by an alleged stock exchange supervisory authority.

It is falsely said that the persons written to have become victims of a fraud and that the personal data has been passed on to the stock exchange supervisory authority by the apparent Federal Public Prosecutor’s Office in Karlsruhe. The persons contacted are asked to fill out a web form. This is a clear attempt at fraud.

In any case, we advise against entering into an exchange with this person or sharing sensitive data such as user names, passwords, credit card numbers or other identifying information such as your account data at SixTrading.

Pump & Dump: How does the scam work?

The term pump and dump is used to describe a situation where the market price of a stock is unnaturally inflated by insiders. The same share is then sold again at a loss to other investors. This is therefore a fraud. A trickery that profits from the naivety of small investors and stock market novices. This approach is therefore not allowed on a controlled stock market and for service providers such as SixTrading.

The crypto market, on the other hand, is still largely “Wild West” as far as these very tactics are concerned. For this reason, special caution is essential! Pump-and-dump scams are often found there in connection with the well-known altcoins. The pump-and-dump scam is used by fraudsters to drive up the price of an unknown or even independently created currency.

They achieve this by spreading disinformation online or in social media or by luring co-investors with unreasonable profit expectations. So make sure that the provider SixTrading provides you with all the essential information on this very topic, if applicable.

Check advertisements for online platforms for seriousness

On fraudulent internet platforms, there is a multitude of investment goods that are penetratingly advertised in internet forums and social media in order to convince capital investors. In addition, “network marketing” is used to solicit new investors. The advertising mainly emphasises the assurance of timely profitability.

In order to start investing, an interested buyer must first create an account with the online trading platform – such as SixTrading. Then the perpetrators contact the potential new customer via a call centre and try to persuade him to invest large amounts of money. The investors’ hopeful attitude towards cybertrading is partly reinforced by the desire for future profits.

Buyers are more willing to invest in the future if they see exactly the kind of results they expect. At this point, money investors are misled by a corrupted trading algorithm about the true trend in stock market data and prices. SixTrading does not necessarily belong to this category. The backers use their own unilaterally determined price values to calculate profits.

As a result, the trading provider has complete control over whether a profit is made or not. This rip-off continues until the supposed profits are paid out. If the investor wants the payout, the clients suddenly no longer have access to their client accounts and the individual contacts associated with them. Most investors lose all their money invested in such illegal trading, forcing them to seek legal advice.

Recovery scam explained simply: correctly assess service providers for recovering lost investments

Anyone who has ever lost funds to a fraudulent investment platform knows how fatal this can be. That alone is terrible enough. But in addition, the fraudsters behind the bogus model contact you within a short time by email or phone call. This time, however, they do not pretend to be SixTrading investment advisors. Rather, they guarantee to help recover the lost money in exchange for an advance payment.

Many rip-off artists even seem to have been hired or authorised by reputable companies such as a financial regulator. After stealing your sensitive data, the rip-off artists usually pose as good Samaritans. They promise to assist you in recovering the stolen money. Even if you have invested money with a service provider like SixTrading, your data may be stolen.

Those who have lost a considerable amount of money are usually desperate. The criminals take advantage of people’s worry by posing as service providers to retrieve funds. They offer their services under the pretext of assisting them to get their money back. That is, they guarantee in a dubious manner that they will recover the lost money.

What to do in case of losses with SixTrading?

If you have already made investments with SixTrading and now want to get them back, there are various methods.

  1. If there is a suspicion that the accounts to which our clients have transferred money are part of a money laundering scheme, these accounts can be blocked. Transfers to these accounts can then be reclaimed from the receiving bank.
  2. Not infrequently, a solution to the problem can be created with the service provider itself. In many cases, we manage to reach out-of-court settlements with the platforms. Our clients then get back all or part of their transfer amount.
  3. If a solution with the service provider is guaranteed not to be possible, it is possible to file a complaint with the responsible supervisory authority. This authority examines the facts of the case and may order the financial service provider to pay compensation. The client then receives the amount of money back from the provider. Contact points for complaints can be, for example, financial supervisory authorities or the Financial Ombudsman.
  4. If an evaluation by our lawyers shows that the service provider may have acted unfairly, we file criminal charges on behalf of our clients with the competent prosecution authorities. Our law firm is in regular contact with public prosecutors who conduct investigations throughout Germany. Often there are hundreds or even thousands of aggrieved investors in these proceedings. The investigations recurrently also extend to states outside Germany’s borders. In the past, the public prosecutor’s offices have had significant success in investigating several cases.