SwizzPro – The company https://www.swizzpro.com/ advertised itself as a provider of financial services. The website is no longer online at the moment. Ingenious investments in the field of online trading had been possible here.

Currently, a provider advertises its services under the same name on the URL https://swizz-pro.com/de/. It cannot be ruled out that this is the same operator.

You encounter difficulties with the payout of your capital investment? Our lawyers can help you with claims against SwizzPro.

SwizzPro – Online Broker with serious intentions?

Currently there is an extraordinarily high number of providers such as SwizzPro. As a result, investing in the unpredictable financial markets has never been as easy but also as uncertain as it is now. Precisely because there are a lot of options, choosing a financial service provider can be time-consuming and challenging. This is especially true if you want them to meet your investment requirements. Have you already invested with SwizzPro? Then the following aspects are important for you as an investor.

  • A good place to start for investors who want to learn about stocks, futures, binary options and cryptocurrencies is a website like this one.
  • State-licensed brokers on the internet, secure websites, costs and bonuses, offer options and customer reviews are just some of the criteria you need to take into account when making your final decision.
  • A wide range of order types can be used when trading on the internet.
  • Access to the global stock markets is made easier and more versatile for investors through online investments.

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

What are the possible disadvantages of online trading with brokers like SwizzPro?

Just as the stock exchange and other financial markets are exposed to special dangers, so is online trading. As an investor, you should therefore examine SwizzPro with regard to the following aspects:

  • Providers who are dubious
  • Risks that may be associated with the product in question, e.g. possible losses
  • Too little knowledge about the product
  • The risks and dangers of online security

Reduce risk by looking for a verified track record when choosing an investment service provider. In this context, it is equally important that you are assured of secure money management. Only in this way can you move confidently in the online trading world. Online traders who have a deft hand can very well profit from this, and their profits are potentially high.

In the event that they have the right strategy. One thing everyone who starts trading should be aware of is that there is always the threat of losing more assets trading on the stock exchange than have been deposited into the account of the online broker SwizzPro.

Does SwizzPro have foreign-based accounts and demand payments?

Is it to your advantage to transfer assets abroad? Look carefully at what you are doing. Numerous investors have already lost funds in this context. It is conceivable that you will lose the overall view of where your funds are going and how they are invested. When money was provided to a provider, it happened that the company did not invest the amount of money received as agreed or even not at all. There were also cases where the company simply did not exist, although it presented itself in a similar way to SwizzPro.

In addition to the licensed providers, there are many dubious online trading platforms, where a comparable procedure can be seen in most cases. Potential investors are contacted by employees of the respective trading platform. For example, with a phone call as soon as the investor has provided non-binding contact information on the trading website. In many cases, however, they are also contacted by mass e-mails. These advertise supposedly profitable investments.

The investor is directly provided with a personal broker who instructs him on how to set up a trading account and make the first payments. The investor first feels well advised and online trading begins mainly with small amounts. But shortly afterwards, larger deposits are required – very often to accounts abroad. These transfers are intended to increase potential profits. Difficulties with dubious brokers finally arise when the investor demands a payout.

This is usually withheld or linked to further payments such as alleged taxes and commissions. Formerly, the criminals operated alone from obscure locations. Now they operate from very different places such as the United Kingdom (including London), the Netherlands, Canada, the Kingdom of Spain, Dubai and others. It is impossible for the vast majority of people to spot tricky scams. Companies often receive e-mail orders with immense order volumes that bear no relation to the usual purchase amounts.

To lure the German company, immense promises of profit are used. However, the considerable order volume merely serves as a means of exerting pressure in talks with the manufacturer in order to demand correspondingly higher approval and registration costs. It is not always clear whether the recipient of this payment is also the client of the products. All the same, one can assume that companies active abroad will not have to pay regional taxes on shipments to other countries in the near future.

Clarify whether this also applies to investments with SwizzPro.

Beware of Pump & Dump

The term pump & dump is used to describe a situation where the market price of a share is unnaturally inflated by insiders. Subsequently, the same share is sold at a loss to the other investors. This is therefore a fraud. A trickery that profits from the ignorance of small investors and stock market novices. This strategy is therefore forbidden on a controlled securities market and for providers like SwizzPro. The crypto market, on the other hand, is still largely “Wild West” as far as such tactics are concerned.

Because of this, special vigilance is necessary! Pump-and-dump scams are increasingly encountered there in connection with the so-called altcoins. The pump-and-dump scam is used by fraudsters to drive up the price of an unknown currency or one they may have created themselves. They achieve this by spreading false information on the World Wide Web or on social media or by luring co-investors with unreasonable profit expectations.

Therefore, make sure that the provider SwizzPro provides you with all the necessary information on this topic, if requested.

Reliable online brokers do not refuse distribution

Buyers are very often wooed by an “online broker” or a call centre employee as soon as they have registered on the alleged trading platform. The aim is to get the investor to increase his long-term investments in order to maximise the income. This is also an initially legitimate goal of the online broker SwizzPro. Shortly after the customer has transferred his money, preliminary profit developments may be shown on his account.

This should encourage the investor to continue investing in the financial instrument. However, the platform operators can use fraud software to fake account movements and profits without the consumer being aware of this.

Make sure that accounts can also be verified with SwizzPro.

In reality, no trading takes place on many platforms per se. Rather, the transferred capital is transferred by the perpetrators to bank accounts abroad. This is not noticed by the investors for the time being. The “online brokers” postpone the disbursement of the stated funds by demanding the payment of apparently due taxes and commission costs from the investors.

These manipulations only serve the purpose of increasing profits. Sooner or later, the contact breaks off completely. The invested money is used up. From this moment on, the only way to take further steps is to go to a lawyer.

Broker commission: Ensure transparent information at an early stage

Before investing with SwizzPro, find out how much of your investment amount is used to cover costs, fees and commissions. This is a good time to take a thorough look at the info provided by service providers! Investors must be notified of all calculated fees and their impact on the margin of investment service providers. Furthermore, the remunerations must be listed individually

. In the event that you request a breakdown of the individual fees, the financial service providers are under an obligation to provide you with this information. An online broker like SwizzPro is normally interested in as many transactions as possible for understandable reasons. Very often the fees are so high that it is difficult to make a profit. The costs can even eat up the invested capital in a short time.

Therefore, be sure to pay attention to the costs! The trading fees of the online broker must be accessible to everyone. The clarity of the structure of the costs is also laid down in the official rules and regulations. In connection with a violation, the service provider can be deprived of the regulatory approval.

Refunding SwizzPro – Involve a lawyer

If you have already made deposits with SwizzPro and now want to claim them back, there are different approaches.

  1. If transactions have been carried out abroad, the foreign financial supervisory authorities and banking institutions should also be informed. They will then often initiate their own investigations. This, too, is intended to secure funds in the accounts and then return them to our clients.
  2. Often, a solution can be worked out directly with the provider. Our law firm always manages to reach out-of-court settlements with the providers. Our clients then get back their full transfer sum or part of it.
  3. If a review by our lawyers would show that the service provider may have acted fraudulently, we file a criminal complaint on behalf of our client with the competent prosecution authorities. Our law firm is in regular contact with public prosecutors who conduct investigations throughout Germany. In most cases, there are hundreds or even thousands of aggrieved investors in these proceedings. The investigations regularly extend abroad as well. In the past, the public prosecutor’s offices have repeatedly achieved significant successes.
  4. If the masterminds were to be arrested, claims by the investors who suffered losses could be asserted in court proceedings. For this purpose, we take our clients through the so-called adhesion procedure. In this way, we can obtain court titles for our clients against the perpetrators. In most cases, these can then be directly enforced against the confiscated money of the fraudsters.
  5. In the event that no solution is conceivable with the operator of the investment platform, a complaint can be filed with the competent supervisory authority. The supervisory authority reviews the facts of the case and may order the provider to pay compensation. Our client will then receive this amount of money back from the provider. Addresses for complaints can be, for example, financial authorities and financial ombudsmen.