Trillant – The online broker claims on its homepage to be a service provider in the field of finance, which is active in the field of cryptocurrencies. Accordingly, investors can achieve high profits. You encounter difficulties with the distribution of your capital investment? Our lawyers can help you with claims against Trillant.

Trillant – BaFin advises against trading

Currently there is an enormous number of providers such as Trillant. As a result, investing in the volatile financial markets has never been as easy but also as unsafe as it is now. Especially because there are so many options, choosing an online platform can be time-consuming and daunting. Especially if you want one that suits your individual investment plans.

Are you thinking about investing money with Trillant? Then the following aspects are relevant for you as an investor.

  • Access to cross-border stock markets is made easier and more lucrative for investors through online investing.
  • There are several types of orders to choose from when trading on the web.
  • Officially licensed online brokers, secure websites, fees and commissions, quote options and key data are just a few of the aspects you should consider when making your final choice.

The following information is a general suggestion for investors – regardless of the platform you are investing in.

Invest with Trillant? Understand all the risks of online trading first

Just as the stock market and other financial markets are subject to special risks and dangers, so is online trading. As an investor, you should therefore assess Trillant with regard to the following aspects:

  • The risks and dangers of online security
  • Service providers who are not trustworthy
  • Too little knowledge about the product
  • Dangers that may be associated with the product, for example possible losing trades
  • Disadvantages resulting from inaccurate or incompetent trading

Reduce the risk by looking for a proven track record when choosing an investment service provider. In this context, it is equally important that you are assured of secure money management. This is the only way you can be reasonably safe in the internet trading arena. Investors who have a good hand can make a living from it, and their earnings may be above average. Just in case they have the right approach.

One thing everyone who starts trading should be aware of: The danger of losing more capital when trading on the stock exchange than has been deposited in the bank account of the online broker Trillant always exists.

Does Trillant also offer trial investments?

Does Trillant persuade you to try out investments with a smaller amount? You cannot find any data about the service provider because it is supposedly a newly founded company with exciting business ideas? The probability is high that the investment tip is a deception. After a very short time, the service provider will make you understand that your investment was an enormous success and appeal to you to increase your investment.

The success of your trial investment may lead you to make further investments. Here are some examples of dubious investment tips:

  1. “Devote just 5 minutes of your life to us and become a self-made billionaire.”
  2. “5-star share with a profit share of 47.88%”
  3. “Would you like to turn €1000 into €250,00.00?”

Anyone who promises too much, and that too unsolicited, is rarely trustworthy! Nevertheless, also check which offers and guarantees are presented to you by the financial service provider Trillant.

Ponzi schemes: What are the dangers?

A Ponzi scheme is a type of financial fraud. It involves pooling money from new investors and then using it to distribute capital to the previous victims. The masterminds of Ponzi schemes usually postulate that they would invest your capital and earn exorbitant returns without putting your money at risk. Nevertheless, in many Ponzi schemes, the criminals do not actually invest the capital they receive. Instead, it is used to compensate people who previously paid in.

This allows the perpetrators to keep some of the money for themselves. So pay attention to the risk-reward ratio in all investments – including Trillant. Ponzi schemes require a constant inflow of new capital to keep running, as they have low or no real profits. Many of these schemes fail when it becomes arduous to attract new backers or when a substantial number of investors drop out.

If you want to invest money with an online broker like Trillant, you should always act with caution. Among the clues you should look out for are:

  • Paying out returns doesn’t work? If you can’t receive payments at all or find it difficult to get paid out, you should be vigilant. Ponzi scheme operators may be trying to encourage participants to stay by guaranteeing even higher monetary gains if they do not withdraw money.
  • Tactics that are difficult to detect. Keep your money out of the stock market if you don’t know enough about it.
  • Is there a problem with the documentation? If errors are showing up on your bank statement, it may be a sign that your money is not being invested according to plan.
  • Investments that are not reported to financial regulators. In the vast majority of cases, Ponzi schemes are unregistered investments that are not controlled by state authorities such as Bafin.
  • Selling without a licence: Investment professionals and firms must be licensed or registered under federal and state securities regulations. Most Ponzi schemes involve unlicensed individuals or providers.
  • Overly predictable outcomes. Over time, investments tend to rise and fall. Any investment that consistently delivers positive returns independent of market conditions should be scrutinised with a high degree of doubt.

Deal with the risks and dangers of cyber trading

Conventional investment fraud is carried out using well-known methods such as advertising, telephone canvassing or stock market letters. When it comes to fraud, the old-fashioned approach quickly becomes obsolete in the online age. The new type of financial fraud can be described with the term “cybertrading”. Investment products are traded dishonestly over the internet.

Fraudulent investments include financial products such as contracts for difference and cryptocurrencies like Bitcoin & Co. Trillant’s services have also been used by other service providers in a similar way to lure investors into the trap. Investors are increasingly making their own enquiries about investment options on the web.

Thus, people rely on their personal know-how or on the tips of others in weblogs, forums and other online platforms when making their decisions. The transition to ever new financial instruments has no lasting influence on criminal activities in terms of organisational structure. Since mafia crime rings rely on already existing and widely recognised infrastructures, there is no need to switch to a new “business model”.

No matter what kind of financial instrument is traded, the process of cyber trading is almost identical. These financial instruments are penetratingly advertised on social media platforms such as Facebook or with affiliate marketing. In principle, it is all about the presentation of astronomically high profits. Determine the probability of earning high profits with Trillant before investing capital.

Brokerage commission: Make sure you get clear information in time

Before investing with Trillant, find out how much of your investment amount will be used to cover costs, fees and commissions. This is a useful time to examine the info provided by the providers in detail! Investors must be notified of all estimated costs and their effect on the return from investment service providers. Furthermore, the costs must be listed individually.

Assuming that you request a breakdown of any costs, investment service providers are under an obligation to provide you with this information. An online broker like Trillant is normally interested in as many transactions as possible for obvious reasons. Most of the time, the costs are so enormous that it is difficult to make a profit. The costs can even devour the invested assets in a very short time.

Therefore, be sure to pay attention to the costs! The broker’s trading fees must be publicly available. The clarity of the structure of the costs is also laid down in the legal regulations and licensing. In connection with a violation, the provider’s licence can be revoked.

Recover payments from Trillant: Lawyers help

In order to be able to assess whether you have a repayment claim against the provider Trillant, it is always necessary to review the case in particular. The lawyers of the Herfurtner law firm will do this for you as part of a free initial consultation. The basis of this examination is always the facts of the case as described by you. In addition, parallels to comparable cases can usually be noted. You therefore benefit from the extensive experience of our lawyers.

After the complete review of all documents and the legal classification, the approach is first oriented against the service provider Trillant itself, should certain breaches of duty be verifiable. In order to be able to prove such breaches of duty, the contract documents, the e-mail message history and possibly also additional documents must be evaluated.

Furthermore, licensed online trading service providers are equally obliged to make and archive telephone records of conversations with buyers. The request to hand over these recordings and the subsequent evaluation is also a sensible and necessary step in the enforcement of your claims.

With the help of this evidence, investors’ demands can be enforced both in extrajudicial and judicial proceedings.

The banks and crypto exchanges that are on the receiving end should also be focused on here. Because the sums of money involved are usually considerable, the question repeatedly arises as to whether the institutions have fulfilled their duties to provide information and their obligations under the Money Laundering Act. A general statement cannot be made in this regard; rather, the case of the individual must be examined.

The same applies to the beneficiary on the recipient side, who is usually not equivalent to the provider itself. Under certain circumstances, the latter must also be held liable if breaches of duty can be proven.

After civil law options have been exhausted, there is still the option of proceeding under criminal law if the suspicion of an illegal act is substantiated. This requires contacting investigating authorities at home and abroad and coordinating further steps.

For the time being, many federal states have established special units for the topics of fraud offences in the area of online and crypto trading. The lawyers of the Herfurtner law firm are in constant contact with these units. Last but not least, providers can also offer valuable information on the domain holder. However, contacting the providers, who are often based abroad, is extremely difficult for the layman.

Financial supervisory authorities in Germany and abroad are also useful contact points for aggrieved investors. Apart from the complaint against the online trading provider in question, which should protect other potential customers from investments, it may be possible to obtain additional details through the financial supervisory authorities as a source of information.

In many cases, these details allow for a connection of investigations in Germany, Austria and Switzerland.