VineaBnk – According to information available on the company’s homepage, the investment service provider is a service provider for CFDs on forex, indices, shares, commodities and cryptocurrencies, which provides its customers with various services. Accordingly, VineaBnk is concerned with identifying potential price movements in order to be able to seize trading opportunities.

Previously, the provider operated the website, which is now offline.

If you have invested in VineaBnk and there are problems with the distribution, the lawyers at the Herfurtner law firm will be happy to help you.

VineaBnk – Broker at a glance

Currently, there is an enormous number of investment service providers such as VineaBnk. This means that investing in the volatile financial markets has never been as easy but also as uncertain as it is now. Especially because there are countless opportunities, choosing an online broker can be time-consuming and daunting. Especially if you want it to meet your personal investment requirements.

Are you considering investing with VineaBnk? Then the following aspects are important for you as an investor.

  • State-licensed brokers on the internet, secure portals, costs and commissions, product options and client reviews are just some of the features to consider when making your irrevocable choice.
  • An ideal address for capital investors who want to inquire about share certificates, futures, binary options and cryptocurrencies is a website like this one.
  • Online investing makes it more convenient and affordable for investors to enter the international financial markets.
  • When trading online, you can use a number of order types.

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

Are trading platforms like VineaBnk trustworthy?

Investors have a wide range of investment opportunities at their disposal, with reputable and questionable providers competing for their attention. There are many indications that a service or even a product is not safe, and it is essential to have a look. At this point, you will find out what you need to take into consideration in the event that you invest your hard-earned money.

Banking, financial services and insurance companies like VineaBnk are only allowed to operate in the FRG with state authorisation. The companies may have obtained a licence, but this in no way means that the services they offer 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. BaFin simply ensures that prospectuses are complete, comprehensible and coherent. VineaBnk’s prospectus or information sheet is not necessary in every context. Before investing, it is advisable to think about your long-term goals and assess whether you have the economic means to achieve them. Do not rush the process. Before putting your assets into an investment, take time to review the pros and cons. Do not make a choice instantly, even if you have consulted with others.

VineaBnk – did the contact request occur via fax or email?

Have you ever received investment proposals by e-mail from a service provider like VineaBnk that you do not know? Do you receive fax messages from the stock exchange that you have in no way requested? Or have you received an alleged “insider tip”? Investors should beware of such tips, because they are usually spread by untrustworthy groups or companies that want to profit from a false success story by selling shares.

Cases have also come to light in which consumers and buyers are called or written to by a supposed stock exchange supervisory authority. It is erroneously said that the persons contacted have become victims of a fraud and that the respective data have been passed on to the stock exchange supervisory authority by the apparent Federal Public Prosecutor’s Office in Karlsruhe. The persons written to are expected to fill out an online form.

This is an obvious attempt at fraud. In any case, we advise against contacting this person or revealing sensitive information such as user names, passwords, credit card numbers or other identifying information such as your account data at VineaBnk.

Hardly regulated: the grey capital market

Only a few of the financial market participants like VineaBnk are subject to official regulation and supervision. In the grey capital market, providers operate who do not even need a licence from BaFin and only have to comply with a few regulatory requirements. Only invest in the grey capital market if you are convinced of the company’s solvency and know it as a company. As I said, the Federal Financial Supervisory Authority has no control over these providers.

The grey capital market holds a wealth of opportunities. There are:

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

One thing is certain: it is uncertain how it will turn out for the investor in the end. Do you find it difficult to see through the financial product on offer? If so, you should gather as much information as possible before making a decision. Don’t buy anything you don’t fully understand! When it comes to investments, the more experience you need, the more complex the product. It is also not advisable to concentrate your entire capital on one offer.

Diversify your risk beyond VineaBnk. To avoid being wrongly influenced, always focus on the product itself rather than the name or image of the financial service.

Contacting and proceeding with dubious online trading platforms

On dubious internet platforms, there are a variety of capital goods which are persistently advertised in forums and social media in order to convince investors. In addition, “network marketing” is used to woo new investors. In the advertising, the promise of immediate profitability is emphasised above all. In order to start investing, a potential investor must first create an account with the online trading platform – such as VineaBnk.

Then the apparent online brokers contact the investor via a call centre and do everything they can to persuade him to pay large sums of money. The investors’ optimistic attitude towards cybertrading is partly reinforced by their desire for future profits. Clients are more willing to invest in the future if they see exactly the kind of results they dream of.

At this point, investors are deceived by a manipulated trading algorithm about the true trend in stock market data and prices. VineaBnk does not necessarily belong to this category. The criminals use their own unilaterally determined price values when calculating returns. This means that the financial service provider has complete control over whether a profit is made or not. Until the alleged profits are paid out, this deception will continue.

If the investor demands the payout, the clients suddenly no longer have access to their client accounts and the individual client advisors associated with them. Most investors lose all their assets invested in this illegal trade, forcing them to seek the help of a lawyer.

Recovery Scam? Beware of unsolicited offers after you have invested

Anyone who has ever lost assets to a fraudulent investment platform knows how fatal that can be. That alone is bad enough. But in addition, the scammers behind the bogus model contact you within a very short time by email or phone call. This time, however, they do not pretend to be financial advisors from VineaBnk. Rather, they guarantee to help recover the stolen capital for a fee.

Many scammers even appear to have been hired or instructed by trusted organisations such as a financial authority. After stealing your sensitive data, the perpetrators usually pose as good Samaritans. They guarantee to assist you in recovering the stolen money. Even if you have invested money with a provider like VineaBnk, your contact details may be stolen. Anyone who has lost an immense amount of money is usually desperate.

The criminals take advantage of people’s worry by calling themselves money recovery service providers. They offer their services under the guise of assisting them to recover their funds. This means they securitise in a dubious manner that they will get back the money they lost.

Repayment of investments at VineaBnk: Increase your prospects

It is advisable to take action as soon as possible if the suspicion is confirmed that an investment service provider is not acting in accordance with the regulations and the risk exists that the online broker will not make its payouts. In addition to a criminal complaint and a report to the financial authorities, the service provider should possibly also be held accountable under applicable law.

In this context, the contractually agreed claims against the online broker as well as possible compensation options are examined. In the case of money transactions, it is also important to check whether banks can be held liable in the event of an error. Claims for compensation against banks may exist, for example, in the case of money laundering or other criminal activities.

However, this must be checked depending on the respective facts. If your broker refuses to make a distribution, you should therefore contact a competent law firm immediately:

  1. Describe your experience with the provider to our lawyers via email
  2. Give us the names and contact details of all the people you have spoken to
  3. Tell us how long the online broker has been delaying payment

The Herfurtner law firm will carry out a free initial assessment for you in connection with VineaBnk. We will also let you know as soon as possible whether we believe you have a realistic chance of recovering your losses.