Vamnex – The alleged financial service provider Vamnex presents itself on its own website as an online broker for crypto trading.

You encounter problems with the payout of your investment? Our lawyers can help you with claims against Vamnex.

Vamnex – Information about the provider

Currently there is a very high number of online trading platforms such as Vamnex. This means that investing in the volatile financial markets has never been as easy but also as uncertain as it is today. Especially because there are many options, choosing a broker can be time-consuming and challenging.

This is especially true if the choice is to correspond to your individual investment plans. Are you considering investing money with Vamnex? Then the following points are important for you as an investor.

  • Government-regulated online brokers, secure websites, fees and brokerage charges, quote options and ratings are just some of the features you would need to consider when making your final decision.
  • When trading on the internet, there is a large amount of order types to choose from.
  • A suitable address for investors who want to learn about stocks, futures, options and cryptocurrencies is a website like this one.
  • Online investing makes it easier and more versatile for investors to enter the global stock markets.

The following are general suggestions for investors – regardless of the platform you invest in.

How risky is trading with investment providers like Vamnex?

Just as the stock market and other financial markets are exposed to certain risks and dangers, so is online trading. As an investor, you should therefore check Vamnex with regard to subsequent questions:

  • Risks arising from incorrect or incompetent trading
  • Service providers that are dubious
  • Dangers that may be associated with the offer, e.g. possible losses
  • The dangers of online security
  • Insufficient knowledge of the product

Reduce risk by looking for a verified track record when choosing an investment service provider. In this context, it is also important that you are guaranteed reliable money management. This is the only way you can move comfortably in the internet trading arena.

Investors who have a skillful hand can definitely make a living from this and their earnings may be high. As long as they have the coherent approach. There is one thing that everyone who starts trading should be aware of: The threat of losing more wealth trading on the stock exchange than has been deposited into the account of the provider, Vamnex, exists at all times.

Does Vamnex require short-term decisions when investing?

Do you feel the pressure of a tight deadline? Is the service provider tempting you with a special offer, but you are under pressure to make a decision immediately? This is not the best idea at all, because it is often a ruse. Don’t be in a hurry! Not only can you get serious offers now, but you can also invest with Vamnex in the future.

To achieve their goal, con artists know in detail what they have to do. They strive to receive as much information as they can about their target through cleverly prepared questions. They also ask about the other person’s constitution, for example whether he or she is alone at home or whether he or she has savings at home.

Furthermore, they play a game of “wait and see” to make the person desperate. They can keep their counterpart on the phone until he or she agrees to go to the credit institution and hand over money and other valuables to the criminals. In one such scam, time pressure is imposed on the injured party.

With this measure, the injured party is urged to disregard his own caution. Modern support scams use the same method.

Since the contacted person’s computer is allegedly attacked by an extremely bad malware programme, the callers, presumably working on behalf of Microsoft or such a financial service provider as Vamnex, demand in English with an Indian accent the urgent repayment of a maintenance contract.

The scammers maximise the pressure by threatening the targeted individuals to make them pay if their computer is infected and transmits the infections.

Pump and dump: simply explained

The term pump and dump is used to describe a practice in which the market price of a share is unnaturally inflated by insiders. The same share is then sold at a loss to other investors. This is therefore a fraud. A manipulation that profits from the ignorance of small investors and stock market novices.

This tactic is therefore illegal in a controlled stock market and for providers like Vamnex. The crypto market, on the other hand, is still almost completely “Wild West” as far as such tactics are concerned. For this reason, special vigilance is indispensable! Pump-and-dump scams are more common there in the context of the generally so-called altcoins.

The pump and dump scam is used by fraudsters to drive up the price of an unknown or possibly self-created currency. They achieve this by propagating false information on the WWW or on social media or by recruiting co-investors with unreasonable profit expectations. So make sure that the provider Vamnex provides you with all the facts you need on this very topic, if applicable.

Lawyers warn of disadvantages in cybertrading

The usual investment fraud is carried out with known means such as advertising, unsolicited telephone calls or stock market letters. When it comes to conducting fraud, the old-fashioned approach quickly becomes obsolete in the digital age. The new type of investment fraud could be described with the term “cybertrading”.

Financial products are traded here with dishonest intent via the Internet. The dishonest investments include financial products such as contracts for difference and virtual money. Even the services of Vamnex have been applied by other service providers in a comparable way to lure investors into the trap.

Investors are increasingly enquiring about investment opportunities themselves on the web. In this way, people rely on their personal knowledge or on the recommendations of others in weblogs, forums and other online platforms to make their decisions. The change to ever different financial instruments has no lasting effect on the illegal activities in relation to the gang structure.

Since the criminal groups rely on already existing and widely recognised infrastructures, there is no need to adapt to a new “business model”. Regardless of the financial product being traded, the process of cybertrading is largely identical. These financial instruments are aggressively advertised on social media platforms or with affiliate marketing.

In principle, it is only about the illustration of enormously high monetary profits. Calculate the probability of earning high profits with Vamnex before investing money.

Find out about commissions in advance

Before investing with Vamnex, find out how much of your investment amount will be used to cover costs such as fees and commissions. This is a good time to thoroughly check the information provided by the providers! Investors must be informed about all costs to be paid and their effect on the margin of financial service providers.

Furthermore, remuneration must be listed separately. In the event that you request a breakdown of any costs, financial service providers are obliged to provide you with this information. A broker like Vamnex is normally interested in as many trading transactions as possible for understandable reasons.

Usually the fees are so exorbitant that it is difficult to make a profit. The costs can even eat up the invested money in a very short time. Therefore, be sure to pay attention to the costs! The trading fees of the online broker must be available to everyone. The transparency of the cost structure is also stipulated in the applicable regulations and licensing.

If there is a violation, the provider’s licence can be revoked.

Lawyers inform about Vamnex

In order to be able to assess whether you are entitled to a refund against the provider Vamnex, it is necessary, without exception, to assess your individual case. The lawyers of the Herfurtner law firm will carry out this assessment for you in the context of a free initial consultation. The starting point of this analysis 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 comprehensive experience of our lawyers. After the complete examination of all documents and the legal classification, the action is first oriented against the service provider Vamnex itself, should corresponding breaches of duty be verifiable.

In order to be able to prove such breaches of duty, the contractual documents, the e-mail communication and, if necessary, other documents should be examined. Furthermore, licensed online trading service providers are equally obliged to make and store telephone records of conversations with clients.

The request to hand over the same documentation and the subsequent review is also an advisable and necessary step to enforce your claims.

With the help of this evidence, clients’ demands can be enforced both in out-of-court and in court proceedings under civil law.

The financial institutions and crypto exchanges that are on the receiving end should also be taken into consideration in this context. Due to the fact that large sums of money are often involved, 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 universal statement cannot be made in this regard; rather, the case of the individual must be considered. The same applies to the beneficiary on the receiving side, who is often not identical with the financial service provider itself. Under certain circumstances, claims can also be made against the financial service provider if breaches of duty can be proven.

After all options under civil law have been exhausted, criminal proceedings remain 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 steps.

In the meantime, many federal states have created special departments for the topics of online fraud and crypto trading. The lawyers of the Herfurtner law firm are in constant contact with these departments. Last but not least, web hosts can also provide valuable information on the domain holder.

However, it is extremely difficult for the layperson to establish contact with the providers, who are often located outside the EU. Financial supervisory authorities in Germany and abroad are also useful sources of information for aggrieved investors.

In addition to the complaint against the respective service provider, which should prevent further potential investors from investing money, further details can presumably be obtained via the financial supervisory authorities as information providers. This information often makes it possible to network investigative efforts in the Federal Republic of Germany, Austria and Switzerland.