The Active Traders – The alleged financial company The Active Traders presents itself on its online presence as an online trading platform for trading in forex, metals, indices. Commodities, Futures and Stocks.

If you have invested money with the online broker The Active Traders and are now experiencing difficulties in repatriating your money, our lawyers can advise you throughout the German-speaking area.

The Active Traders – serious trading or risk of loss?

Currently, there is an extraordinarily high number of online trading platforms such as The Active Traders. As a result, investing in the unpredictable financial markets has never been as easy but also as uncertain as it is now.

Especially because there are so many options, choosing an online platform can be time-consuming and intimidating. Especially if you want it to suit your personal investment plans. Have you already invested with The Active Traders? If so, the following aspects are relevant for you as an investor.

  • In the field of online trading, one can use a large number of order types.
  • A very good place to start for investors who want to learn about shares, futures, options and cryptocurrencies is an online presence like this one.
  • Entry to the international financial markets is made easier and more versatile for investors through online investing.
  • Licensed brokers on the internet, trusted websites, fees and brokerage commissions, product options and feedback from clients are just some of the criteria to consider when making your final decision.

The following tips are basic recommendations for investors – regardless of the platform you invest in.

Recognising reputable service providers and investing wisely

Investors have a wide range of investment opportunities at their disposal, with professional and questionable service providers competing for their attention. There are many signs that a financial service or product is not reputable, and it is important to keep an eye out.

Here you will find out what details you need to pay attention to in case you are investing your hard-earned money. Banking, financial services and insurance companies such as The Active Traders are only allowed to operate in the FRG with state authorisation.

The companies have obtained authorisation, but this in no way means that the services they sell are of excellent quality. In the event that a prospectus or information sheet approved by the Federal Financial Supervisory Authority has been published in advance, securities and investments can be made equally accessible to the general public.

BaFin only ensures that prospectuses are complete, comprehensible and coherent. The prospectus or information sheet of The Active Traders is not required in every context. Before investing, you should think about your permanent plans and consider whether you have the financial means to obtain them.

Do not rush the process. Before putting your assets into an investment, take time to weigh the pros and cons. Do not make a choice promptly, even if you have consulted with others.

What to do – if online brokers like The Active Traders require overseas transfers?

Is it advantageous for you to transfer funds abroad? Look carefully at what you are doing. Numerous investors have already lost funds in the process. It is conceivable that you will lose the overall picture of where your funds are going and how they are invested.

When money was provided to a broker, it happened that the provider did not invest the transferred amount of money 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 The Active Traders.

Besides the regulated financial service providers, there are countless dubious online trading platforms where a very similar procedure can be observed in most cases. Potential investors are contacted by employees of the respective trading platform.

For example, by telephone, if the investor has provided non-binding contact details on the trading website. In several cases, however, they are also contacted by mass e-mails. These entice with supposedly lucrative investments.

The investor is promptly provided with his own online broker, who instructs him on how to create a trading account and make the first payments. The investor feels well supported for the time being and online trading usually starts with smaller amounts.

But soon larger deposits are required – often to foreign accounts. Such deposits are intended to increase the potential profits. Problems with dubious brokers finally arise when the investor demands a payout. This is repeatedly delayed or linked to additional payments such as alleged taxes and commissions.

In the past, the criminals traded solely from unclear locations. Nowadays, they operate from completely different locations such as the United Kingdom (including London), the Netherlands, Canada, Spain, Dubai and others. It is impossible for many people to see through tricky scams.

Companies often receive email orders with very large order volumes that bear no relation to the typical purchase amounts. To lure the German company, they proceed with huge promises of profits.

However, the enormous order volume serves solely as leverage in conversations with the seller to demand correspondingly increased registration and licensing costs. It is not always clear whether the addressee of this payment is also the purchaser of the products.

Regardless of this, it can be assumed that companies that are active abroad will not have to pay regional tax on deliveries to other countries until further notice. Clarify whether this also applies to investments with The Active Traders.

Unauthorised investment orders – protect yourself

Placing orders for securities transactions without the account holder’s consent can in some cases lead to a sharp rise in the price of certain shares. This applies in particular to open market transactions in illiquid foreign securities (over-the-counter market).

Therefore, be alert if you are asked to disclose sensitive data about the investment with The Active Traders completely without your permission, citing seemingly lucrative trades or profit announcements. You should never give your International Bank Account Number, BIC and other bank codes to anyone you do not know.

Similarly, you should not disclose your account or deposit numbers or passwords. Do not hand over custody account documents or securities statements from The Active Traders to someone you do not know. Callers posing as investment advisers, brokers or employees of a financial authority are also dangerous.

Online Trading Platforms: Learn to recognise reputable providers

There is an abundance of capital goods on dubious online trading platforms, which are persistently advertised in internet forums and social media to lure investors. In addition, “multi-level marketing” is used to solicit new investors. In the advertising, the guarantee of immediate 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 The Active Traders. Then the perpetrators contact the investor via a call centre and do everything they can to persuade him to invest large sums of money.

The investors’ positive attitude towards cybertrading is partly strengthened by the idea of future profits. Clients are more willing to invest in the future if they see exactly the kind of results they want. At this stage, money investors are fooled by a manipulated trading algorithm about the true evolution of stock market data and prices.

The Active Traders does not necessarily fall into this category. The masterminds use their own unilaterally determined price values to calculate returns. As a result, the financial service provider has complete control over whether a profit is made or not. Until the alleged profits are paid, this rip-off will continue.

If the investor wishes to receive the payout, the buyers suddenly no longer have access to their accounts and the direct contacts associated with them. The vast majority of investors lose all their capital invested in this illegal trade, forcing them to seek legal advice.

Exits – which are difficult to detect

Make sure you know when and how much money was paid out. At best, avoid longer-term contracts that cannot be terminated early or where you would experience immense financial losses.

Only enter into long-term contracts without the possibility of early termination with financial service providers such as The Active Traders, whose credibility you have no doubts about. Even if you have the chance to waive or cancel a contract at any time over a specified period, you should be suspicious.

Even if these points are given, you may still be vulnerable to financial loss. Make sure you know exactly how much money you will get back if the investment goes wrong. The following rule applies to share transactions:

Before the end of the contract period, find out what options are open to you to sell share certificates.

Most of the time, it is crucial to find out if there is a liquid market for offers such as those offered by The Active Traders. It is possible to sell shares through a broker or financial institution. All three methods are legitimate for placing a sell order.

The actual selling process is then completed via an exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks). Order supplements can be used to control the execution of the order from the outset. The sale of the securities takes place at a time and place defined by you.

Money back from The Active Traders: Maximise your chances of success with the help of the Herfurtner Law Firm

You should take precautions as soon as possible if the suspicion is confirmed that an investment service provider is not acting correctly and there is a risk that the broker will not pay out.

Apart from filing a report with the police on behalf of our clients and notifying the financial regulator, the broker should also be held legally accountable if necessary. This involves examining the contractual claims against the financial service provider as well as possible compensation options.

In the case of monetary payments, it is also important to check whether financial institutions can be held liable in the event of an error. Claims for compensation against banks may exist, for example, in the case of money laundering or other illegal acts.

However, this must be checked on a case-by-case basis. If your provider refuses to pay out, you should therefore contact a competent law firm immediately:

  1. Let us know how long the broker has not paid you
  2. Give us the names and contact details of all the people you have spoken to
  3. Paraphrase the facts of the case to us via email

The Herfurtner law firm will carry out a free initial assessment for you in connection with The Active Traders. In addition, we will inform you at short notice whether we believe that you have a real chance of recovering your losses.