Stone Coins – The provider https://stone-coins.com/#/ advertises itself as a financial service provider. On its website, smart investments in the field of cryptocurrencies are possible.
If you have invested with the broker Stone Coins and are now experiencing difficulties with repayment, our lawyers can help you nationwide.
Stone Coins – Broker at a glance
Currently, there is an extraordinarily high number of online trading platforms such as Stone Coins. As a result, investing in the unpredictable financial markets has never been as easy but risky as it is today.
Especially because there are so many opportunities, choosing a financial service provider can be time-consuming and daunting. Especially if you want it to meet your personal investment needs.
Are you thinking about investing money with Stone Coins? Then the following points are significant for you as an investor.
- Access to the world’s stock exchanges is becoming more convenient and affordable for capital investors through online investing.
- State-regulated brokers on the Internet, trustworthy provider sites, fees and commissions, product options and feedback from customers are only exemplary points that you should consider when making your final choice.
- When it comes to trading on the web, you can choose from a variety of order types.
The following statements are general tips for investors – regardless of the platform you invest in.
Stone Coins Provider Checklist: General tips to protect you from disadvantages
The following list serves to protect you from brokers with dishonest intentions.
- Find out as much as you can about the trading company and the commodity you want to buy (search engines, forums, online card services).
- Ask yourself: What is the name of the contact person you want me to get in touch with?
- Don’t be misled by stories about excessive returns without the risk of losing investments.
- Is there a complete imprint on the website?
- Do not accept unwanted investment recommendations from strangers via telephone canvassing or e-mails.
- Identity theft is a serious nuisance: please do not provide a copy of your photo ID. Rip-off artists usually ask you to do this.
- Is the online trading provider Stone Coins a company licensed by BaFin or in another EU country?
- In which city is the company’s official headquarters?
Cold calling: a Stone Coins procedure?
Have you ever received a phone call from a stranger making you a special offer? Under no circumstances respond to it without further investigation.
Unsolicited calls are not allowed. “Cold calling” is clearly prohibited at investment service providers and other companies like Stone Coins.
There are also people who claim to work for reputable online trading platforms. In doing so, they want to get people to give them their sensitive data. Often, after your very first payment, you are asked to deposit more funds.
Telephone scammers are always coming up with new methods to deprive investors of their savings, cash and other valuables. A commonly known tactic of the perpetrators is to call the persons they want to harm at inconvenient times of the day. This is, for example, very early in the morning or very late at night. Times, in other words, when they are least concentrated.
In addition, the perpetrators pretend at the beginning of the conversation that they and the person being called know each other. The other method works as if the callers are customer-oriented. In this way, the perpetrators give the person they are talking to on the phone a feeling of goodwill and trust. Check whether you are really dealing with the Stone Coins company when they call you.
Dangers of the Ponzi scheme
A pyramid scheme, or Ponzi scheme, is a type of money fraud. It involves pooling capital from new investors and then using it to distribute money to the former victims.
The organisers of Ponzi schemes often stress that they will invest your money and reap huge returns without risking your capital. Notwithstanding this, the fraudsters in many Ponzi schemes do not actually invest the assets they receive.
Rather, it is applied to compensate people who paid in earlier. In this way, the criminals can keep some of the capital for themselves. So pay attention to the risk-reward ratio in all investments – including stone coins.
Ponzi schemes need a steady inflow of fresh capital to keep running, as they have little or no actual revenue. Many of these structures fail when it becomes costly to attract new investors or when a considerable number of investors drop out.
If you want to invest money with an online broker such as Stone Coins, you should always act with caution.
Among the pointers you should look out for are:
- Risk-free returns with little 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 controlled by official authorities such as Bafin.
- Selling without a licence: Investment professionals and firms must be licensed or registered under federal and state securities regulations. The vast majority of Ponzi schemes involve unlicensed people or firms.
- Tactics that are not easy to identify. Keep your capital out of the stock market unless you know enough about it.
Scheme of investment fraud: Protect yourself
Do you want to invest capital with Stone Coins? Then you should find out all the relevant information about the company.
Investment fraud is a special form of fraud. The criminal guarantees or deceives a larger group of people about 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.
The following services and tactics may sometimes qualify as capital investment fraud:
- Criminals use the brand name of the provider Stone Coins and clone the company
- Unsolicited telephone advertising calls, so-called cold calling
- Boiler Room Scam, a cold call in which investors are sought by telephone call
- Shareholdings in companies
Those who have fallen for investment scams have usually invested a lot of money. What can you do in case of investment fraud?
- Involve the police authorities and the financial supervisory authority through a lawyer: Police collective proceedings exist against certain fraudulent companies in the Federal Republic of Germany and also abroad. The criminal investigation department is entitled to have the bank accounts of the fraudsters blocked and to keep the money safe. The public prosecutor’s office will also take action.
- Recovering assets: If payments have been realised via the credit card, this can in many cases be recovered by calling in a law firm. In the case of transfers from the current account, this can in many cases be recovered by bank order.
- Claiming damages: People who have been misinformed can claim damages from the investment adviser.
- Withdraw or contest contracts: Affected persons who have concluded a contract can withdraw or contest the same in the case of investment fraud.
What is an order commission?
Before investing with Stone Coins, find out how much of your investment amount is used to cover costs, fees and commissions. This is a useful time to check the info provided by service providers in detail!
Investors must be informed of all estimated costs and their impact on the margin of investment service providers. In addition, the costs must be presented separately.
If you request a breakdown of all costs, the financial service providers are obliged to provide you with this information.
A broker like Stone Coins is usually interested in as many transactions as possible for obvious reasons. Most of the time, the fees are so exorbitant 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 commission fees of the online broker must be visible to everyone. The clarity of the structure of the costs is also specified in the applicable rules and regulations.
If there is a violation, the service provider’s licence can be revoked.
Legal advisors advise on Stone Coins
Have you invested capital with Stone Coins, or a similar service provider? Now you are experiencing difficulties with repayment?
Then it is advisable to stop additional payments immediately. This is especially true if the trader suggests additional payments to compensate for deficits.
Furthermore, one should attempt to recover the lost capital. In this context, aggrieved investors can seek investor protection and contact the lawyers of our law firm. Our law firm examines civil law as well as criminal law options and possible claims for damages against the provider and against involved payment service providers such as banking houses.
“It is far from being an isolated case if a private investor loses money in the course of online trading. Many investors are blinded by the professional appearance of the financial providers and do not realise early enough that they are not responsible for their loss.”
Our recommendation is therefore not to bury one’s head in the sand, but to act swiftly and with commitment. Because the prospect of recovering the lost money is usually greater than the aggrieved investors suspect.
Would you like to talk to one of our lawyers about Stone Coins? Then you can go straight to our contact form here.