Takumi – The alleged investment service provider Takumi presented itself as a trading platform on its website http://thcion.com/. Currently, the online presence is offline.

If you have invested with Takumi and there are problems with the payout, the lawyers of the Herfurtner law firm are available to help you.

Takumi – Online Broker with serious intentions?

Currently, there is an enormously high number of investment service providers such as Takumi. Thus, investing in the volatile financial markets has never been as easy but also risky as it is today. Especially because there are numerous options, choosing a provider can be time-consuming and challenging. Especially if it is to suit your particular investment needs. Are you considering investing with Takumi? Then the following points are important for you as an investor.

  • In online trading, one can choose from a wide range of order types.
  • Access to global exchanges is made easier and more lucrative for money investors through online investing.
  • Government-licensed online brokers, trusted provider sites, costs and brokerage fees, product options and customer feedback are just a few of the considerations you would need to plan for when making your final choice.

The following statements are general tips for investors – regardless of the platform in which you invest.

Is Takumi authorised by financial regulators?

Both financial markets and investor protection benefit from rules of conduct and organisational accountability. Investment services firms and companies like Takumi must comply with a wide range of standards of conduct. The same applies to their employees. This requirement is intended to circumvent conflicts and associated disadvantages for investors. This includes the obligation of the service provider to inform its clients about the most significant features of the transaction before sealing it.

This applies to the respective investor as well as to the investment itself. Along the same lines, additional information is required for corporate clients who wish to engage in highly speculative or risky transactions. Towards their clients, firms like Takumi have a responsibility. This goes significantly beyond the provision of an offer or service. Does the provider have an authorisation to sell investment products?

You should definitely check this. To do this, you can consult the broker check directory of a financial supervisory authority and enter the provider’s brand name in the search function.

Takumi: Payments to bank accounts abroad?

Is it advantageous for you to transfer assets to a country outside Europe? Consider carefully what you are doing. Countless investors have already lost capital in the process. You may lose track of where your funds are going and how they are invested. When money has been made available to a broker, it has often happened that the provider did not invest the transferred amount of money as agreed or even not at all.

There have also been cases where the company simply did not exist, although it presented itself similarly to Takumi. In addition to the licensed service providers, there are a number of dubious online trading websites where the procedure is very similar in the majority of cases. Potential investors are contacted by employees of the respective trading platform. For example, by telephone, if the new customer has provided non-binding contact information on the trading website.

In dozens of cases, however, they are also contacted by mass e-mails. These e-mails advertise supposedly profitable investments. The investor is promptly provided with a personal broker who instructs him on how to create a client account and make the first transfers. The investor initially feels well advised and online trading begins mainly with smaller amounts. But shortly afterwards, larger payments are demanded – usually to foreign accounts. These transfers are intended to increase the potential profits.

Problems with dubious brokers finally arise as soon as the investor requests a repayment. This is repeatedly withheld or linked to additional payments such as alleged taxes and commissions. In the past, the criminals operated exclusively from unclear locations. In the meantime, 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 challenging for the majority to identify tricky schemes.

It is not uncommon for companies to receive email orders with huge order volumes out of proportion to the usual purchase amounts. In order to lure the German company, very large profit promises are used. However, the extreme order volume serves solely as leverage in talks with the provider to demand correspondingly high admission and registration costs. It is not always obvious whether the addressee of this payment is also the customer of the products.

However, one can assume that companies that are active abroad will not have to pay local taxes on shipments to other countries in the foreseeable future. Find out whether this also applies to investments with Takumi.

Have you had any experience with orders not being placed?

Placing orders for transactions in shares without the account holder’s consent can sometimes cause the price of particular shares to jump. This applies above all to open market transactions in illiquid foreign securities (over-the-counter market). You should therefore remain cautious if you are asked to disclose sensitive information about the investment at Takumi without your permission, with reference to supposedly profitable transactions or profit announcements.

Under no circumstances should you provide your IBAN, SWIFT code and other bank codes to a third party who is not known to you. Similarly, you should not disclose your account or deposit numbers or passwords. Do not give custody account documents or securities statements from Takumi to anyone you do not know. Callers posing as investment advisers, online brokers or employees of a financial authority are also dangerous.

Take legal action if online broker does not pay out

Consumers are repeatedly wooed by a “broker” or a call centre employee as soon as they have set up an account on the alleged online trading platform. The aim is to persuade the investor to increase his long-term investments in order to maximise profits. This is also an initially legal goal of the financial service provider Takumi. Immediately after the customer has transferred his money, the first profit developments may be shown on his user account.

This should encourage the investor to invest steadily in the financial instrument. The operators of the trading platform, on the other hand, can use fraud software to fake account changes and earnings, even without the client noticing.

Check that the accounts can also be authenticated at Takumi.

In reality, no trading takes place at all on various online trading platforms. Rather, the capital paid is transferred by the fraudsters to accounts outside Germany. This is not recognised by the customers at first. The “service providers” postpone the disbursement of the funds presented by demanding payment of allegedly incurred taxes and processing costs from the investors. These manipulations only serve the goal of increasing profits.

At some point, the contact breaks off completely. The money invested is no longer there. From that moment on, the only option is to go to a lawyer in order to take the necessary measures.

Find out about fees in advance

Before investing with Takumi, find out how much of your investment will be used to cover costs, fees and commissions. This is a good time to check the details provided by the providers in detail! Investors must be made aware of all fees charged and their impact on the return from financial service providers. Furthermore, the remunerations must be presented separately. If you request a presentation of any costs, the investment service providers are obliged to provide you with this information.

A broker like Takumi is normally interested in as many trading transactions as possible for understandable reasons. Very often the costs are so exorbitant that it is difficult to make a profit. The fees can even eat up the invested capital in a short time. Therefore, be sure to take the costs into account! The trading fees of the online broker must be visible to everyone. The clarity of the structure of the costs is also set in the legal regulations and licensing.

In connection with a violation, the provider can be deprived of its regulatory licence.

Money back from Takumi: maximise chances of success with the support of lawyers

Investors who have lost capital with a company like Takumi, or who are having problems getting their winnings paid out, should first stop any additional payments. It is also advisable to seek legal advice on any chances of getting your money back. It is important:

  1. do not lose hope
  2. seek legal support
  3. react quickly

Would you like to discuss the Takumi service provider with us? Then our legal advisors are at your disposal. Feel free to contact us to exchange views on Takumi.