Ultimate BitCash – The alleged financial service provider Ultimate BitCash presents itself on its website https://www.ultimatebitcash.com/ as an online broker… Investments in foreign exchange and indices are possible here. If you have invested with the provider Ultimate BitCash and now have problems with the payout, the law firm Herfurtner will help you reliably and comprehensively.

Ultimate BitCash – What is known about the online broker?

Currently, there is an extraordinarily high number of providers such as Ultimate BitCash. As a result, investing in the volatile financial markets has never been as easy but also as uncertain as it is now. Especially because there are so many options, choosing a financial service provider can be time-consuming and intimidating. Especially if you want it to match your personal investment preferences. Have you already invested with Ultimate BitCash? In this case, the following aspects are important for you as an investor.

  • A good place to start for investors who want to learn about share certificates, futures, binary options and cryptocurrencies is a website like this one.
  • State-regulated brokers on the internet, trustworthy providers, fees and brokerage charges, product options and reviews from clients are just a few of the factors you would need to consider when making your irrevocable decision.
  • In online trading, you can use quite a few types of orders.
  • Access to global stock markets is becoming more convenient and lucrative for investors through online investing.

The following information is general advice for investors – regardless of the platform you invest in.

Keep an eye on the big picture – assess providers like Ultimate BitCash correctly

Investors have a wide range of investment options at their disposal, with professional and questionable providers competing for their attention. There are many indications that a financial service or offering does not inspire confidence, and it is significant to have a look at this. Here you will learn what to look for, assuming you are investing your hard-earned money. Banking, financial services and insurance companies like Ultimate BitCash are only allowed to operate in the FRG with government authorisation.

The providers have obtained authorisation, but that does not mean that the products sold are of excellent quality. In the event that a prospectus or information sheet approved by BaFin has been published in advance, trading papers and investments can likewise be made available to the general public. The Federal Financial Supervisory Authority only ensures that the prospectuses are complete, catchy and coherent.

The prospectus or the information sheet of Ultimate BitCash is not necessary in every case. Before investing capital, you should consider your long-term expectations and whether you have the financial means to achieve them. Do not rush the process. Before putting your assets into an investment, take time to weigh the pros and cons. Don’t make a decision instantly, even if you have consulted with others.

Have you received email offers from Ultimate BitCash?

Have you ever received investment offers by email from a financial services provider like Ultimate BitCash that you are unfamiliar with? Are you reaching faxes from the stock exchange that you by no means requested for? Or have you received an apparent “insider tip”? Investors should beware of such tips, because they are often spread by dubious groups or companies that want to make a profit by selling securities from a fictitious success story.

Cases have also become known in which consumers and investors are consulted by an alleged stock exchange supervisory authority. It is falsely said that the persons written to have become victims of a fraud and that their personal data have been passed on to the stock exchange supervisory authority by the alleged Federal Public Prosecutor’s Office in Karlsruhe. The persons contacted are expected to fill out an Internet form.

This is a clear attempt at fraud. We advise against contacting such a person or providing sensitive data such as user names, passwords, credit card numbers or other identifying information such as your account data at Ultimate BitCash.

Grey Capital Market Definition

Only a small proportion of financial market participants such as Ultimate BitCash are subject to official regulation and supervision. In the grey capital market, service providers trade who do not need a licence from BaFin and only have to fulfil a few regulatory criteria. Only invest in the grey capital market if you are convinced of the liquidity of the company and it is known to you as a company. As I said, BaFin has no control over these providers. The grey capital market offers a variety of possibilities. There are:

  • Crowdfunding offers
  • Direct investments such as in timber, precious metals or other commodities
  • Ordinary bonds
  • Equity investments
  • Profit participation rights and other hybrid forms of bonds
  • Loans with subordination clauses

One thing is certain: it is uncertain how it will ultimately turn out for the investor. Is it difficult for you to understand the advertised offer? If so, you should find out as much information as you can before making a choice. Don’t buy anything you don’t fully understand! When it comes to investments, the more know-how you need, the more sophisticated the product.

It is also not wise to put all your capital on one card. Diversify your risk beyond Ultimate BitCash. To avoid being influenced incorrectly, it is advisable to always focus on the product itself and not on the brand name or the presentation of the financial service.

Take legal action if broker does not pay out

Clients are very often solicited by a “broker” or a call centre employee the moment they have registered on the supposed trading platform. The intention is to encourage the investor to increase his long-term investments in order to maximise the income. This is also a legitimate goal of the online broker Ultimate BitCash.

Immediately after the investor has deposited his capital, the first profit developments will probably be displayed on his user account. This should encourage the investor to invest steadily in the financial product. The website operators, however, can fake manipulated account movements and profits through the use of fraud software, even without the customer being aware of it.

Make sure that accounts can also be authenticated with Ultimate BitCash.

In reality, no trading takes place at all on various online trading platforms. Rather, the assets paid are transferred by the fraudulent online brokers to bank accounts outside Germany. This is not registered by the investors at first. The “online brokers” delay the payment of the stated profits by demanding that the investors pay what appear to be taxes and commission costs.

These manipulations only serve the purpose of increasing profits. Sooner or later, the connection breaks completely. The invested money is no longer there. From that moment on, the only thing left to do is to go to a lawyer to take the necessary steps.

What commission payments can be due for online trading?

Before investing with Ultimate BitCash, find out how much of your investment will be used to cover costs such as fees and commissions. This is a good time to check the information provided by the service providers in detail! Investors must be informed of all costs to be paid and their impact on the profit margin of investment service providers. In addition, the remunerations must be presented individually.

In the event that you request a breakdown of all fees, providers are obliged to provide you with this information. A service provider like Ultimate BitCash is usually interested in as many trading transactions as possible for understandable reasons. In many cases, the fees are so exorbitant that it is difficult to make a profit. The costs can even eat up the invested assets in a short time.

Therefore, be sure to take the costs into account! The broker’s trading fees must be available to everyone. The clarity of the cost structure is also laid down in the official regulations and licensing. If there is a violation, the provider’s licence can be revoked.

Recovering Deposits from Ultimate BitCash: Acting Correctly

Investors who have been confronted with losses at a provider like Ultimate BitCash, or who encounter complications in having their winnings paid out, should first and foremost stop further deposits. After that, it is highly advisable to consult a lawyer and have him look into any possibility of getting your money back. It is important:

  • react quickly
  • never bury your head in the sand
  • seek legal support

Would you like to discuss the service provider Ultimate BitCash with us? In this case, our lawyers are ready to provide you with information. Feel free to contact us to exchange information about Ultimate BitCash.