SkyGoldMarket – The apparent investment service provider SkyGoldMarket presents itself on its online presence as a trading platform… Investments in foreign exchange, indices, metals, energies and cryptocurrencies are possible here.

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

SkyGoldMarket – online broker with serious intentions?

Currently, there is an enormous number of online trading platforms such as SkyGoldMarket. This means that investing in the volatile financial markets has never been as easy but also as risky as it is today. Especially because there are many opportunities, choosing an online broker can be time-consuming and challenging. Especially if you want it to meet your personal investment requirements. You have already invested with SkyGoldMarket? In this case, the following aspects are significant for you as an investor.

  • A very good place to start for investors who want to learn about stocks, futures, binary options and cryptocurrency is a website like this one.
  • Officially licensed brokers on the internet, trustworthy provider sites, fees and bonuses, offer options and reviews from customers are just exemplary aspects that you need to take into account when making your irrevocable decision.
  • Entering global stock markets is becoming more convenient and lucrative for investors through online investing.

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

SkyGoldMarket: Think through investments and proceed with strategy

A wide range of investment opportunities are available to investors, with trusted and questionable service providers vying for their attention. There are many indications that a service, as well as a product, is not trustworthy, and it is important to focus on this. Here you will learn what to look for in the event that you invest your hard-earned capital. Banking, financial services and insurance companies such as SkyGoldMarket may operate in the Federal Republic of Germany solely with state authorisation.

The companies have obtained a licence, but this in no way means that the products sold are of excellent quality. In the event that a prospectus or information sheet approved by BaFin has been published in advance, trading papers and investments can also be made available to the general public. BaFin’s sole responsibility is to ensure that prospectuses are complete, comprehensible and logical. SkyGoldMarket’s prospectus or information sheet is by no means necessary in every case.

Before you invest, you should think about your long-term plans and consider whether you have the financial means to achieve them. Do not rush the process. Before putting your assets into a deposit, take time to review the pros and cons. Do not make a decision immediately, even if you have consulted with others.

Do capital investors also feel pressured by SkyGoldMarket to meet deadlines?

Do you notice the pressure of a tight deadline? The broker is tempting you with a special offer, but you are under pressure to make a choice in a timely manner? This is definitely not a good idea, because it is usually a feint. You can not only get reliable offers now, but also invest money with SkyGoldMarket in the future. To achieve their goal, scammers know exactly what to do. They strive to get as much information as they can about their targeted person through cleverly prepared enquiries.

They also ask about the condition of the person they are targeting, for example, whether he or she is home alone or whether he or she keeps assets at home. On top of that, they play a game of “wait and see” to tire the person out. They may keep their counterpart on the phone until he or she agrees to go to the financial institution and hand over cash and additional valuables to the fraudsters. In one such scam, a deadline pressure is imposed on the injured party.

With this measure, the injured party is encouraged to disregard his own caution. New support scams use the same method. Since the computer of the person contacted is presumably infected by an extremely complex malware programme, the callers, who are presumably working on behalf of Microsoft or such a company as SkyGoldMarket, demand in English with an Indian accent the urgent payment of a maintenance contract.

The scammers maximise the stress by threatening the targeted individuals that they will be asked to pay if their computer is infected and transmits the infections.

Unauthorised orders? Reputable providers never act without your consent

Placing orders for securities transactions without the account holder’s consent can, in individual cases, lead to a jump in the price of certain shares. This applies in particular to open market transactions in illiquid foreign securities (over-the-counter market). Therefore, remain cautious if you are instructed to disclose personal data about the capital investment with SkyGoldMarket without your consent in reference to apparently rewarding transactions or profit announcements.

At no time should you provide your IBAN, SWIFT code and other bank codes to anyone you do not know. Similarly, you should not disclose your bank account or custody account numbers and passwords. Do not hand over custody account documents or securities statements from SkyGoldMarket to a third party you do not know. Callers posing as investment advisors, brokers or employees of a financial authority are also dangerous.

Online broker refuses to pay out? Act promptly & contact legal counsel

Consumers are often wooed by a “broker” or call centre representative the moment they sign up on the apparent trading platform. The intention is to encourage the investor to increase their long-term investment in order to maximise revenue. This is also an initially legal goal of the provider SkyGoldMarket. Immediately after the buyer has transferred his capital, preliminary profit developments may be displayed on his user account.

This should encourage the investor to continue investing in the financial product. The operators of the trading platform, on the other hand, can use fraud software to simulate improper account changes and earnings, even without the buyer being aware of it.

Make sure that accounts can be authenticated equally with SkyGoldMarket.

In practice, many platforms do not trade at all. Instead, the deposited capital is transferred by the perpetrators to bank accounts outside Germany’s borders. This is not recognised by the investors at first. The “providers” delay the disbursement of the reported profits by demanding that the investors pay allegedly due taxes and processing costs. These manipulations only serve the purpose of increasing profits.

At a certain point, the connection breaks completely. The money invested is used up. From this point on, the only thing left to do is to go to a lawyer in order to take the necessary measures.

Online Trading: Be sure to plan for fees

Before investing with SkyGoldMarket, find out how much of your investment amount will be used to cover costs, fees and commissions. This is a good time to fully review the information provided by service providers! Investors must be informed of all costs charged and their impact on the profit margin of investment service providers. In addition, the costs must be listed separately. As soon as you request a detailed overview of all fees, the investment service providers are obliged to provide you with this information.

A service provider like SkyGoldMarket is usually interested in as many trading transactions as possible for understandable reasons. In many cases, the costs are so high that it is difficult to make a profit. The fees can even devour the invested capital in a very short time. Therefore, be sure to pay attention to the costs! The trading fees of the online broker must be publicly available.

The clarity of the structure of the costs is also specified in the official guidelines and regulations. In connection with a violation, the licence of the provider can be revoked.

Profit distribution from SkyGoldMarket does not work? Involve a lawyer immediately

Investors who have suffered losses with a provider like SkyGoldMarket, or who have problems getting their money paid out, should first stop further deposits. In this case, it is highly advisable to consult a legal advisor to clarify all possibilities for compensation of your investments. It is important:

  1. react quickly
  2. seek legal help
  3. under no circumstances lose hope

Do you have questions about the provider SkyGoldMarket? In this case, our lawyers are at your disposal. Feel free to contact us for an exchange of views on SkyGoldMarket.