Trading View Pro – on its own website https://trading-viewpro.com/ the company describes itself as an online broker. Trading View Pro offers its customers a wide range of services in the segments of shares and cryptocurrencies.
If you have invested capital with the broker Trading View Pro and now have problems with the payout, our lawyers will help you nationwide.
Trading View Pro – Online Broker with serious intentions?
There are currently a very large number of online trading platforms such as Trading View Pro. Thus, it has never been as easy but also risky as today to invest in the unpredictable financial markets.
Especially because there are countless options, choosing a financial service provider can be time-consuming and daunting. Especially if it is to meet your personal investment needs.
Are you considering investing capital with Trading View Pro? Then the following aspects are important for you as an investor.
- Access to the international stock markets is made easier and more lucrative for investors through online investments.
- A suitable address for investors who want to find out about securities, futures, options and cryptocurrencies is a homepage like this one.
- When trading on the World Wide Web, one can use numerous order types.
The following tips are general recommendations for investors – regardless of the platform you invest in.
Evaluate Trading View Pro correctly: Characteristics of trustworthy trading providers
The following thoughts should be kept in mind when looking for ways to invest your money online:
- Financial service providers such as Trading View Pro must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). BaFin’s company database contains information on authorised service providers.
- Look for an imprint on the service provider’s website. If this is not the case, you should: Hands off! However, you should also bear in mind that an imprint can be faked.
- Quality seals are often used by fake shops to suggest that they are reputable. To see whether a link leads to the WWW page of the seal of approval and whether the shop is also mentioned there, click on the picture of the seal. It is quite possible that the provider of the online presence has only copied the seal from another website and transferred it to his own online presence without the adequate certification.
- It can be very beneficial to find out what other consumers say about a potential provider, even if it is only on the internet.
- In Germany, the imprint must include a postal address, the contact details of an authorised representative of Trading View Pro and a telephone number.
Does Trading View Pro have foreign bank accounts and require bank transfers?
Does it make sense for you to transfer money to a country outside Europe? Consider carefully what you are doing. Quite a few investors have already lost capital in the process. You may lose track of where your money is going and how it is invested.
When capital has been made available to a company, it has often happened that the online broker does not invest the transferred amount as agreed or not at all. There have also been cases where the company simply did not exist, although it presented itself accordingly like Trading View Pro.
In addition to the regulated service providers, there are countless dubious online trading websites where a similar procedure can be observed 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 left non-binding contact details on the service provider’s website.
In many cases, however, they are also contacted by mass e-mails. They advertise seemingly lucrative investments.
The investor is directly provided with his own broker, who guides him through the process of creating a customer account and making the first deposits. The investor feels well supported at the beginning and online trading starts mainly with smaller sums.
But soon higher transfers are requested – usually to accounts abroad. These deposits are intended to increase the potential profits.
In the end, difficulties with dubious trading platforms arise when the investor demands a payout. This is often postponed or linked to further payments such as alleged taxes and commissions.
Previously, the perpetrators only traded from dubious locations. Currently, they operate from a variety of locations including the UK (including London), the Netherlands, Canada, the Kingdom of Spain, Dubai and others.
It is difficult for most people to expose tricky methods. Institution often receive email orders with very large order volumes that are disproportionate to the normal purchase amounts. In order to lure the German company, they proceed with large promises of profits.
However, the considerable order volume acts solely as a means of pressure in conversations with the producer to demand correspondingly high registration and licensing costs.
It is not always obvious whether the recipient of this payment is also the client of the goods. However, it can be assumed that companies operating abroad will not have to pay local tax on deliveries to other countries in the near future. Find out whether this also applies to investments with Trading View Pro.
Dangers of a Ponzi scheme
A pyramid scheme, or Ponzi scheme, is a type of money fraud. In this scheme, funds are collected from new investors and then applied to distribute capital to the former aggrieved persons.
The masterminds of Ponzi schemes not infrequently postulate that they would invest your assets and achieve exorbitant profits without putting your assets at risk. Nevertheless, in many Ponzi schemes, the fraudsters do not actually invest the capital they receive.
Instead, it is used to compensate people who previously paid in. This allows the criminals to keep some of the funds for themselves. So pay attention to the risk-reward ratio with all investments – including Trading View Pro.
Ponzi schemes need a steady inflow of fresh capital to keep running, as they have very little or no real income. Many of these schemes fail when it becomes arduous to generate new capital investors or when a considerable number of investors drop out.
On the off chance that you wish to invest with an online broker like Trading View Pro, you should without exception act with prudence.
Some of the clues you should watch out for include:
- Is there a problem with the documentation? If errors appear on your account statement, this may be an indicator that your assets are not being invested properly.
- Selling without a licence: Investment professionals and firms must be licensed or registered in accordance with federal and state securities regulations. The vast majority of Ponzi schemes involve unlicensed people or providers.
- Overly predictable outcomes. Over time, investments tend to rise and fall. Any investment that delivers high returns without interruption, detached from market conditions, should be viewed with a high degree of scepticism.
- The distribution of profits does not work? If you are not receiving payments at all or are finding it difficult to cash out, you should be vigilant. The operators of Ponzi schemes may try to persuade participants to stay by promising even higher returns if they do not withdraw money.
Contacting and proceeding with dubious online platforms
A variety of investment goods exist on fraudulent provider websites, which are aggressively advertised in internet forums and social networks to lure capital investors.
In addition, “network marketing” is used to solicit new investors. In particular, the promise of quick profitability is highlighted in the advertising.
In order to start investing, an interested investor must first create an account with the trading platform – as is the case with Trading View Pro. The supposed online brokers then contact the investor via a call centre and do everything they can to convince him to invest large sums of money.
The positive attitude of investors towards cybertrading is partly reinforced by the idea of future profits.
Buyers are more willing to invest in the future if they see exactly the kind of results they expect. At this stage, investors are deceived by a manipulated trading algorithm about the true trend in stock market data and prices. Trading View Pro does not necessarily belong to this category.
The criminals use their own unilaterally determined price values to calculate profits. As a result, the service provider has complete control over whether or not a profit is made.
Until the alleged profits are paid, this swindle will continue. If the investor demands payment, the clients suddenly no longer have access to their accounts and the individual contacts associated with them. Most investors lose all their assets invested in this illegal trade, forcing them to seek legal advice.
What is the order commission for online trading?
Before investing with Trading View Pro, find out how much of your investment amount goes to cover costs, fees and commissions. This is a useful time to look in detail at the info provided by the service providers!
Investors must be notified of all fees charged and their impact on returns by investment service providers. In addition, the costs must be listed individually.
Once you request a breakdown of all fees, investment service providers are under an obligation to provide you with this information.
For obvious reasons, a provider like Trading View Pro is usually interested in as many trading transactions as possible. Very often the costs are so enormous that it is difficult to make a profit. The costs can even devour the invested capital in a very short time.
Therefore, be sure to pay attention to the costs! The commission fees of the online broker must be publicly available. The transparency of the structure of the costs is also stipulated in the legal provisions and regulations.
In the event of an offence, the service provider’s official authorisation can be withdrawn.
Payout from Trading View Pro does not work? Consult a lawyer immediately
In order to be able to assess whether you have a repayment claim against the financial service provider Trading View Pro, it is always necessary to review your individual case. The lawyers of the Herfurtner law firm will do this for you as part of a free initial consultation.
The starting point of this evaluation is always the facts of the case as explained by you. In addition, similarities to comparable cases can usually be drawn. You therefore benefit from the extensive experience of our lawyers.
After the complete examination of all documents and the legal classification, the approach is initially oriented against the service provider Trading View Pro itself, should certain breaches of duty be verifiable. In order to be able to confirm those breaches of duty, the contract documents, the email communication and possibly other documents must be examined.
Furthermore, licensed online trading providers are equally obliged to make and archive telephone records of conversations with investors. Requesting and analysing these recordings is also an advisable and necessary step in enforcing your claim.
With the help of this evidence, clients’ claims can be enforced both in extrajudicial and judicial proceedings.
The financial institutions and crypto exchanges that are on the receiving end should also be focused on in this context. Since the sums of money involved are often considerable, the question arises again and again as to whether the institutions have fulfilled their duties to provide information and their obligations under the Money Laundering Act. It is not possible to make a general statement in this regard; rather, the individual case must be examined.
The same applies to the beneficiary on the receiving side, who is often not equivalent to the service provider itself. Under certain circumstances, it is also the latter who must be held liable if breaches of duty can be proven.
After civil law options have been exhausted, the procedure remains at the criminal law level if the initial suspicion of a criminal offence is substantiated. In this regard, it is necessary to contact law enforcement agencies at home and abroad and to coordinate further precautions.
In the meantime, many federal states have set up special departments for the topics of fraud offences in the area of online and crypto trading. The lawyers of the Herfurtner law firm are in regular contact with these departments.
Last but not least, hosting providers can also provide useful information on the domain holder. However, it is particularly difficult for the layperson to establish contact with the web hosts, which are often located abroad.
Furthermore, financial supervisory authorities in Germany and abroad are practical sources of information for victims.
In addition to the complaint against the respective financial service provider, which is intended to protect other possible consumers from investments, further details can possibly be obtained via the financial supervisory authorities as a source of information.
This information often allows investigative work in the Federal Republic of Germany, Austria and Switzerland to be linked.