TigersFM – The company https://www.tigersfm.com/ advertises itself as an online trading platform. On its platform, ingenious investments in the area of forex, shares, indices, commodities and cryptocurrencies are possible.
If you have invested with TigersFM and there are problems with the distribution, the lawyers of the Herfurtner law firm are there to help you in word and deed.
TigersFM – serious trading provider?
Currently, there is an enormously high number of investment service providers such as TigersFM. As a result, investing in the volatile financial markets has never been as easy but also as risky as it is now.
Especially because there are many options, choosing an online platform can be time-consuming and daunting. Especially if you want it to suit your particular investment preferences. Are you considering investing with TigersFM? Then the following aspects are weighty for you as an investor.
- Entry to global stock markets is becoming easier and more affordable for investors through online investing.
- State-regulated online brokers, reputable provider websites, fees and brokerage commissions, product options and key data are just selected criteria to consider when making your final decision.
- In the field of trading on the Internet, you can use a large number of order types.
The following information are basic tips for investors – regardless of the platform in which you invest capital.
TigersFM: Check offers – data & web presence of providers
The following list serves as a safeguard against brokers with fraudulent intentions.
- Does a complete imprint exist on the online presence?
- Do not accept any unwanted investment recommendations from strangers via telephone advertising or e-mails.
- Do not use any remote maintenance software that gains access to your end devices.
- Ask yourself: What is the name of the contact person I should get in touch with?
- Is the trading service provider TigersFM a company licensed by BaFin or in another EU state?
- Identity theft is a serious nuisance: Please do not hand over a photocopy of your identity card. Rip-off artists usually ask you to do this.
- Do not be deceived by assurances of very high monetary gains without the risk of losing assets.
What to do – if online trading platforms like TigersFM demand transfers abroad?
Is it beneficial for you to transfer funds outside Europe? Look carefully at what you are doing. Quite a few investors have already lost money in this context. You may lose track of where your funds are going and how they are invested.
When capital has been made available to a company, it has often happened that the online broker does not invest the amount of money received as agreed or even not at all. There have also been cases where the company simply did not exist, although it appeared comparable to TigersFM.
Apart from the licensed service providers, there are a number of dubious online trading websites, most of which follow a very similar procedure. Potential investors are contacted by employees of the respective trading platform.
For example, with a phone call if the consumer has left non-binding contact information on the service provider’s website. In many cases, however, they are also contacted by mass e-mails. These e-mails advertise seemingly profitable investments.
The investor is quickly provided with a personal online broker who instructs him on how to set up a trading account and make the first transfers. The investor first feels well advised and trading usually begins with smaller sums. But shortly afterwards, higher deposits are demanded – mostly to accounts located abroad.
These transfers are intended to increase potential profits. Difficulties with dubious providers finally arise as soon as the investor demands a payout. This is repeatedly delayed or linked to further transfers such as alleged taxes and commissions. In the past, the criminals operated solely from unclear locations.
Now they operate from completely different places such as the United Kingdom (incl. London), the Netherlands, Canada, the Kingdom of Spain, Dubai and many others. It is challenging for the vast majority of people to recognise tricky systematics.
Institution often receive email orders with very large order volumes that are disproportionate to the normal purchase amounts. To lure the German company, they proceed with immense promises of profits.
However, the extreme order volume serves solely as a means of pressure in conversations with the producer to demand correspondingly high registration and licensing costs. It is not always clear whether the recipient of this payment is also the purchaser of the products.
However, one can assume that suppliers operating abroad will not have to pay local taxes on shipments to other countries for the time being. Check whether this also applies to investments at TigersFM.
Discover Pump & Dump in time and protect yourself
The term pump and dump is used to describe a situation in which the market price of a share is unnaturally inflated by insiders. Subsequently, this share is sold to other investors at a loss. This is therefore a fraud. A manipulation that profits from the naivety of small investors and stock market novices.
This approach is therefore forbidden in a controlled stock market and for service providers like TigersFM. The crypto market, in contrast, is still almost completely “Wild West” as far as those tactics are concerned. For this reason, extreme vigilance is essential!
Pump-and-dump scams are increasingly found there in connection with the altcoins generally referred to as such. The pump and dump scam is used by fraudsters to inflate the market price of a currency that is not known or even independently created.
They achieve this by spreading false information on the internet or social media or by luring co-investors with unreasonable profit expectations. So make sure that you are provided with all the facts you need on this subject matter by the TigersFM provider, if applicable.
Assess cybertrading service providers confidently
Classic investment fraud is carried out using well-known methods such as advertising, telephone canvassing or stock market letters. When it comes to fraud, the outdated approach quickly becomes obsolete in the digital age. The new type of financial fraud can be described as “cybertrading”.
Investment products are traded dishonestly via the World Wide Web. Fraudulent investments include financial products such as contracts for difference and cryptocurrencies. Even the services of TigersFM have been similarly used by other service providers to trap investors.
Investors are more and more enquiring about investment opportunities themselves on the internet. Thus, people rely on their individual knowledge or on the tips of others in weblogs, forums and other online portals when making their decision.
The shift to ever new financial instruments has no lasting effect on the criminal activities related to the organisational structure. Since the mafia-like organisations rely on already existing and widely recognised infrastructures, there is no need to adapt to a new “business model”.
No matter what financial product is traded, the process of cybertrading is largely congruent. These financial products are aggressively advertised in social media or with affiliate marketing. Here, the focus is almost exclusively on the presentation of gigantically high monetary profits.
Calculate the probability of making high profits with TigersFM before you invest.
Broker referral fee: Make sure you get clear information in time
Before investing with TigersFM, find out how much of your investment amount goes to cover costs such as fees and commissions. This is a useful time to take a comprehensive look at the info provided by the service providers! Investors must be notified of all calculated fees and how they affect the profit margin of financial service providers.
In addition, the costs must be listed separately. Should you request a breakdown of all costs, the investment service providers are obliged to provide you with this information. For understandable reasons, a service provider like TigersFM is usually interested in as many trading transactions as possible.
Often the costs are so enormous 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 trading fees of the online broker must be publicly visible.
The clarity of the structure of the costs is also laid down in the legal rules and regulations. In the event of a violation, the service provider’s licence can be revoked.
You want to get your investment back from TigersFM? Our lawyers can help
In case you have already made investments with TigersFM and now want to get them back, there are several ways to proceed.
- It is not uncommon to be able to agree on a solution with the provider himself. We are always able to reach out-of-court settlements with providers. Our clients then get all or part of their deposit back.
- If the operators were to be arrested, claims of the investors who have suffered losses can be asserted in court proceedings. We take our clients through the so-called adhesion procedure for this purpose. In this way, we can obtain court titles for our clients against the providers. In many cases, these can then be immediately enforced against the confiscated assets of the perpetrators.
- In the event that no solution can be reached with the service provider, a complaint can be filed with the competent financial supervisory authority. The latter checks the situation and can order the provider to pay a refund. Our client then receives this amount back from the service provider. Complaint bodies can be, for example, financial supervisory authorities or financial ombudsmen.
- If there is a suspicion that the bank accounts to which our clients have transferred money are part of a money laundering scheme, these bank accounts can be blocked. Payments to these bank accounts can then be reclaimed from the receiving bank.
- If an assessment by our lawyers confirms the suspicion that the provider may have acted in a dubious manner, we file a complaint on behalf of our clients with the responsible law enforcement authorities. Our law firm is in constant contact with public prosecutors’ offices, which conduct nationwide investigations. Often there are many hundreds or even thousands of aggrieved investors in these proceedings. The investigations repeatedly extend to other EU countries. In the past, the public prosecutor’s offices have repeatedly achieved significant successes in their investigations.
- If transactions have taken place on accounts abroad, the prosecution authorities and banks based abroad should also be informed. These often then initiate their own investigations. This also has the aim of securing funds in the accounts and subsequently transferring them back to our clients.