Textrade.finance – The investment service provider is, according to information found on the company’s website http://textrade.finance/, a service provider for buying, selling and trading, where customers can make use of various services. Accordingly, Textrade.finance takes care of investments in cryptocurrencies, indices, currency pairs and CFDs.
Do you encounter complications with the payout of your capital investment? Our lawyers will help you with claims against Textrade.finance.
Textrade.finance – how serious is online trading?
Currently there is an extraordinarily high number of investment service providers such as Textrade.finance. Thus, it has never been as easy but also as uncertain as today to invest in the volatile financial markets. Especially because there are numerous options, choosing a provider can be time-consuming and daunting.
Especially if it is supposed to correspond to your personal investment plans. Have you already invested with Textrade.finance? In this case, the following aspects are relevant for you as an investor.
- A suitable place for investors to start inquiring about share certificates, futures, binary options and cryptocurrency is a website like this one.
- Access to cross-border exchanges is becoming more convenient and lucrative for investors through online investing.
- When it comes to trading on the internet, you can use a variety of order types.
The following information is general advice for investors – regardless of the platform in which you invest money.
Is Textrade.finance authorised by the financial supervisory authorities?
Both the financial markets and investor protection benefit from rules of conduct and organisational responsibilities. Investment service providers and companies such as Textrade.finance must comply with a large number of standards of conduct.
The same applies to their employees. This is intended to prevent conflicts of interest and the associated disadvantages for investors. This includes the responsibility of the service provider to inform its clients about the most important features of a financial transaction before it is concluded.
This applies both to the respective investor and to the investment itself. In line with this idea, supplementary information is mandatory for corporate clients who wish to engage in highly speculative or risky transactions. Providers such as Textrade.finance have a duty of care towards their clients.
This goes far beyond the provision of a product or service. Does the provider have a licence to sell investment products? You should definitely find out. To do this, you can use the broker check database of a financial supervisory authority and enter the name of the financial service provider in the search mask.
Caution – if Textrade.finance works with tight deadlines
Do you feel the pressure of a tight deadline? Is the service provider tempting you with a special offer, but you are under pressure to make a choice quickly? This is definitely not a good idea, because it is often a ruse. Don’t break anything over your knee You can not only get serious special offers now, but also invest in Textrade.finance in the future.
To get to their goal, criminals know in depth what they have to do. They try to get as much information as possible about their target by asking clever questions. In addition, they ask about the other person’s constitution, e.g. whether he or she is home alone or has assets at home. Furthermore, they use a tactic of “waiting” to tire out the person.
You can keep your counterpart on the phone forever until he agrees to go to the credit institution and hand over cash and other valuables to the criminals. In one of these scams, a deadline is imposed on the injured party. With that measure, the injured party is enticed to leave his own caution aside.
Modern support scams use the same formula. Since the PC of the person contacted is allegedly attacked by an unusually extreme computer virus, the callers, presumably acting on behalf of Microsoft or a company like Textrade.finance, demand in English with an Indian accent the urgent repayment of a maintenance contract.
The swindlers compound the stress by threatening to make the targeted individuals pay if their computer is infected and transmits the infections.
Reliable investment brokers always follow your order
Placing orders for securities transactions without the account holder’s consent can, in some cases, cause the price of certain stocks to jump. This applies above all to open market transactions in illiquid foreign shares (over-the-counter market).
Therefore, be cautious if you are instructed to disclose personal data about the investment at Textrade.finance completely without your consent under reference to apparently rewarding transactions or profit announcements. Under no circumstances should you transmit your IBAN, BIC and other bank codes to someone you do not know.
Likewise, you should not disclose your account or deposit numbers and passwords. Do not hand over any deposit papers or securities statements from Textrade.finance to a third party who is unknown to you. Callers who present themselves as investment advisors, brokers or employees of a financial authority are also unpredictable.
Contacting and procedure with non-serious online platforms
On dubious provider websites, there are a variety of capital goods that are persistently advertised in internet forums and social media in order to convince capital investors. In addition, “network marketing” is used to solicit new investors. In the advertising, the promise of prompt profitability is emphasised above all.
In order to start investing, a potential buyer must first create an account with the online trading platform – such as Textrade.finance. The perpetrators then contact the investor via a call centre and do everything they can to convince him to invest large sums of money.
The investors’ hopeful attitude towards cybertrading is partly reinforced by the desire for future profits. Buyers are more willing to invest in the future if they see exactly the kind of results they hope for. At this stage, money investors are misled by a manipulated trading algorithm about the true evolution of stock market data and prices.
Textrade.finance does not necessarily fall into this category. The criminals use their own unilaterally determined price values to calculate profits. This means that the service provider has complete control over whether or not a profit is made. Until the supposed profits are paid out, this scam will continue.
If the investor wishes to receive the payout, the clients surprisingly no longer have access to their accounts and the individual contacts associated with them. The majority of investors lose their assets fully invested in such fraudulent trading, forcing them to seek legal counsel.
Compare brokers: How much commission is realistic?
Before investing with Textrade.finance, find out how much of your investment amount will be used to cover costs, fees and commissions. This is a good time to take a close look at the information provided by the providers! Investors must be made aware of all costs charged and their impact on the profit margin of financial service providers.
In addition, the costs must be listed individually. Should you request a presentation of all fees, the financial service providers are obliged to provide you with this information. A service provider like Textrade.finance is usually interested in as many transactions as possible for obvious reasons.
Often the costs are so exorbitant that it is difficult to make a profit. The fees can even devour the invested assets in a short time. Therefore, be sure to pay attention to the costs! The broker’s trading fees must be available to everyone.
The clarity of the cost structure is also laid down in the official specifications and licensing. If there is a violation, the official licence of the service provider can be withdrawn.
What to do in case of losses with Textrade.finance?
It is advisable to take steps as soon as possible as soon as the suspicion is confirmed that a service provider is not acting properly and the risk exists that the online broker will refuse to pay back the money.
In addition to a criminal complaint, which our lawyers file for our clients with the criminal police, and a notification to the financial supervisory authority, the online broker should possibly also be held responsible under applicable law.
In doing so, the contractual claims against the online broker as well as possible compensation possibilities will be examined. In the case of money transactions, it is also important to check whether banks can be held responsible in the event of an error.
Claims for damages against banking institutions can arise, for example, in the case of money laundering or other illegal acts. However, this must be examined depending on the facts of each case. If your broker refuses to pay, you should therefore contact an experienced law firm immediately:
- Give us the names and contact details of anyone you have been in contact with
- Tell us how long the broker has been refusing to pay you
- Discuss your experience with the service provider with our solicitors by email
The Herfurtner law firm will give you a free initial assessment in connection with Textrade.finance. We will also let you know in good time whether we think you have a good chance of recovering your losses.