Skysailbit – the company describes itself on its website as an online broker. Skysailbit offers its clients a wide range of services in the cryptocurrency segment.

You have invested in Skysailbit and want your capital back? The Herfurtner law firm can help you with obstacles.

Skysailbit – BaFin investigates against the operator of the website

A report by BaFin states that the German financial authority is investigating the operator of the provider’s website.

Currently, there is an enormously high number of providers such as Skysailbit. Thus, investing in the unpredictable financial markets has never been as easy but also as risky as it is today.

Especially because there are plenty of opportunities, choosing a broker can be time-consuming and intimidating. Especially if you want it to match your individual investment ideas.

Have you already invested with Skysailbit? Then the following points are important for you as an investor.

  • Licensed online brokers, secure provider websites, fees and bonuses, offering options and feedback from clients are just exemplary factors to consider when making your irrevocable decision.
  • Entering transnational financial markets is becoming more convenient and lucrative for investors through online investing.
  • A wide range of order types can be used in trading on the Internet.
  • A suitable address for money investors who want to inquire about securities, futures, binary options and crypto money is a website like this one.

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

Before you invest: Check Skysailbit for seriousness

The following considerations should be taken into account when looking for opportunities to invest your money on the internet:

  1. In Germany, the imprint must contain an address, the contact details of an authorised representative of Skysailbit and a telephone number.
  2. It can be very useful to know what other consumers are saying about a potential service provider, even if it is only on the internet.
  3. Look for an imprint on the provider’s website. If this is not the case, the word is: Hands off! But also take into account that an imprint can be faked.
  4. Financial service providers such as Skysailbit must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). The BaFin’s company database contains information on approved service providers.
  5. Quality seals are often used by fake shops to suggest that they are reputable. To see if a link leads to the online presence of the seal of approval and if the shop is also mentioned there, click on the image of the seal. It is quite possible that the website operator has simply copied the seal from another internet presence and transferred it to his own website without the correct certification.

Is there a trial investment with Skysailbit?

Does Skysailbit persuade you to try out investments with a smaller amount? You cannot find any information about the service provider because it is supposedly a newly founded company with exciting business ideas?

The probability is high that the “insider” tip is a scam. After a very short time, the broker will tell you that your investment was a huge success and ask you to increase your investment.

The success of your trial investment may tempt you to make even more investments.

Here are some examples of dubious investment tips:

“With the automatic share profit method you will earn 3500.00 euros per calendar month!” , “5-star share with a profit share of 47.88 percent” , “With just 5 minutes of your life you can become a self-made billionaire.” , “Would you like to turn €1000 into €250,00.00?”

Anyone who promises too much, and that too unsolicited, is rarely serious! So also check what guarantees and offers are made to you by the investment company Skysailbit.

Serious providers always keep their orders

Placing orders for securities transactions without the account holder’s consent can sometimes lead to a jump in the price of particular shares.

This is particularly true for open market transactions in illiquid foreign stocks (over-the-counter). You should therefore be cautious if you are instructed to disclose sensitive information about your investment with Skysailbit without your consent, with reference to apparently profitable transactions or profit announcements.

You should never give your International Bank Account Number, BIC and other bank codes to anyone you do not know. Nor should you disclose your account or deposit numbers and passwords.

Do not hand over custody account documents or securities statements from Skysailbit to a third party who is a stranger to you. Callers posing as financial advisors, brokers or employees of a financial authority are also unpredictable.

Take legal action if online broker does not pay out

Investors are repeatedly wooed by a “broker” or a call centre employee as soon as they have registered on the alleged online trading platform. The intention is to encourage the investor to increase his long-term investments in order to maximise profits. This is also an initially legal goal of the provider Skysailbit.

Immediately after the customer has deposited his capital, preliminary profit developments may be displayed on his account. This should encourage the investor to invest in the financial instrument on an ongoing basis.

The operators of the trading platform, on the other hand, can use fraud software to fake manipulated account changes and profits, even without the buyer noticing.

Make sure that accounts can be verified equally with Skysailbit.

In reality, no trading takes place at all on numerous online trading platforms. Rather, the transferred assets are transferred by the fraudulent online brokers to accounts outside Germany. This is not noticed by the customers for the time being.

The “brokers” delay the disbursement of the reported monetary gains by demanding that investors pay what appear to be taxes and processing costs. These scams only serve the purpose of increasing profits.

At some point, the connection breaks completely. The invested capital is no longer there. From this point on, the only option is to go to a lawyer in order to take the necessary measures.

What costs can be incurred with online trading?

Before investing with Skysailbit, find out how much of your investment amount will be used to cover costs, fees and commissions. This is a useful time to examine in detail the information provided by the service providers!

Investors must be informed about all calculated costs and their influence on the profit margin of financial service providers. Furthermore, the remunerations must be presented individually.

As soon as you request a breakdown of all fees, providers are obliged to give you this information.

For obvious reasons, a provider like Skysailbit is normally interested in as many transactions as possible. In quite a few cases, the costs are so enormous that it is difficult to make a profit. The fees can even devour the invested money in a very short time.

Therefore, be sure to take the costs into account! The trading fees of the online broker must be available to everyone. The transparency of the cost structure is also stipulated in the official regulations and licensing.

If there is a violation, the provider’s regulatory licence can be revoked.

Reimbursement from Skysailbit – Call in a lawyer

In order to be able to assess whether you have a claim for a refund against the online broker Skysailbit, it is necessary without exception to have your individual case examined. The lawyers of the Herfurtner law firm will do this for you in the context of a free initial consultation.

The starting point of this analysis is always the facts of your case. In addition, similarities to comparable cases can usually be drawn. You therefore benefit from the extensive experience of our lawyers.

After the entire review of all documents and the legal classification, the approach is initially oriented against the provider Skysailbit itself, should certain breaches of duty be ascertainable. In order to be able to confirm such breaches of duty, the contract documents, the e-mail message history and possibly also supplementary documents should be examined.

Furthermore, regulated online trading providers are equally obliged to make and archive telephone records of conversations with investors. Requesting the release of these recordings and the subsequent analysis is also an advisable 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 under civil law.

The financial institutions and crypto exchanges, which are on the receiving end, should also be focused on in this context. Since the sums of money involved are often considerable, the question repeatedly arises as to whether the institutions have fulfilled their duties to provide information and their obligations under the Money Laundering Act. A general statement cannot be made here; rather, the case of the individual must be considered.

The same applies to the beneficiary on the recipient side, who in many cases is not identical with the financial service provider itself. Under certain circumstances, claims may also have to be brought against the financial service provider if breaches of duty can be proven.

After all civil law options have been exhausted, the procedure remains at the criminal law level if the initial suspicion of a criminal offence is substantiated. This requires contacting investigating authorities at home and abroad and coordinating further precautions.

In the meantime, many federal states have set up special departments for the topics of fraud offences in connection with online and crypto trading. The lawyers of the Herfurtner law firm are in constant contact with these departments.

It should not be forgotten that web hosters also provide useful information on the owner of the domain. However, it is extremely complicated for the layman to establish contact with the web hosts, which are often located abroad.

Financial authorities in Germany and abroad are also useful contact points 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, additional details can probably be obtained via the financial supervisory authorities as a source of information.

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