Viverno – the company describes itself on its own website as an online broker. Viverno offers its customers various services in the areas of forex, commodities, shares and indices, among others.

Have you invested with Viverno and would like to discuss this? The Herfurtner law firm is at your disposal.

Viverno – safe trading with high leverage?

Currently, there is an extremely high number of providers such as Viverno. This means that investing in the unpredictable financial markets has never been as easy but also as risky as it is now.

Precisely because there are many opportunities, choosing an online broker can be time-consuming and intimidating. Especially if it is to suit your particular investment needs.

Have you already invested with Viverno? In this case, the following points are important for you as an investor:

  • An optimal address for capital investors who want to inform themselves about share certificates, futures, options and cryptocurrencies is a website like this one.
  • In online trading, you can use a large number of order types.
  • Access to the international stock markets is becoming more practical and versatile for money investors through online investing.
  • State-regulated online brokers, reputable providers, costs and commissions, product options and customer reviews are just some of the points you would need to include in your final decision.

The following information is general suggestions for investors – regardless of the platform you invest in. They do not refer to the provider Viverno.

How credible are the offers?

The following thoughts should be taken into account when looking for opportunities to invest your capital on the internet:

  1. Financial service providers in Germany must be licensed by the Federal Financial Supervisory Authority (BaFin). BaFin’s company database contains information on licensed service providers.
  2. In Germany, the imprint must include an address, the contact details of an authorised representative and a telephone number.
  3. Look for an imprint on the service provider’s website. If this is not the case, you should: Hands off! But also take into account that an imprint can be faked.
  4. It can be very helpful to ask what other customers say about a potential provider, even if it is only on the web.

Use of time pressure?

Do you feel the pressure of a tight deadline? The online broker is tempting you with a special offer, but you are under pressure to make a choice right away?

This is not a good idea, because it is often a feint. Don’t break anything over your knee You can not only get trustworthy special offers now, but also invest capital in the future.

To get where they want to go, criminals know exactly what to do. They strain to obtain as much information as they can about their targeted person through advantageously crafted questions. They also ask about the circumstances of the other person, for example whether they are home alone or whether they have any capital.

Furthermore, they play a game of “wait and see” in order to exhaust the person. They may keep their counterpart on the phone forever until he or she agrees to go to the credit institution and hand over money and additional valuables to the fraudsters.

In one of these scams, a deadline pressure is imposed on the injured party. With that strategy, the victim is encouraged to let his own vigilance go unconsidered.

Current support scams use the same method. Since the PC of the person contacted is allegedly attacked by a very persistent virus, the callers, who are presumably working on behalf of Microsoft or a provider, demand urgent payment of a maintenance contract in English with an Indian accent.

The criminals add to the stress, threatening to make the targeted persons pay if their computer is infected and transmits the infections.

Pump and Dump: What is behind the term?

The term pump and dump is used to explain a practice in which the price of a share is unnaturally inflated by insiders. Subsequently, this share is sold to other investors at a loss.

This is therefore a fraud. A trickery that profits from the ignorance of small investors and stock market novices.

This approach is therefore inadmissible on a controlled stock market and for companies. The crypto market, on the other hand, is still almost completely “Wild West” as far as these tactics are concerned. For this reason, special vigilance is indispensable!

Pump-and-dump scams are more common there in the context of the so-called altcoins. The pump and dump scam is used by criminals to drive up the price of an unknown or even independently created currency. They achieve this by spreading disinformation on the World Wide Web or on social media or by luring co-investors with unreasonable profit expectations.

So make sure that the provider provides you with all the necessary facts on the subject, if requested.

Deal with the dangers of cybertrading

The classic capital investment fraud is carried out with known means such as advertising, telephone canvassing or stock exchange letters.

When it comes to conducting fraud, the outdated method is fast becoming obsolete in the online age. The modern type of investment fraud could be described with the term “cybertrading”. Financial products are traded here with dishonest intent via the World Wide Web.

Dishonest investments include investment products such as contracts for difference and cryptocurrencies.

Investors are increasingly enquiring about investment options themselves on the internet. Thus, people rely on their personal know-how or on the suggestions of others in blogs, forums and other online platforms when making their decision.

The switch to increasingly different financial instruments has no long-term effect on the lawbreaking activities associated with the gang structure. Since the criminal groups 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 product is traded, the process of cybertrading is almost identical.

These investment products are advertised penetratingly in social media or with affiliate marketing. In principle, it revolves exclusively around the presentation of astronomically high returns. Calculate the probability of earning high profits before investing.

Beware of contracts that do not leave any exit alternatives

Make sure you know when and how much money will be paid back. It is best to avoid long-term contracts that cannot be terminated early or where you would experience heavy monetary losses.

Only enter into long-term contracts without early termination options with financial service providers such as Viverno, whose reliability you have no doubts about.

Even if you have the chance to waive a contract at any time or to terminate it over a certain period of time, you should be sceptical. Even if these options do exist, you are still vulnerable to monetary losses. Make sure you know exactly how much money you will get back if the investment goes wrong.

The following provision applies to securities transactions:

Find out what your options are to get rid of a stock before it expires.

It is usually important to find out whether there is a liquid market for products.

It is possible to sell securities through a broker or financial institution. All 3 methods are legitimate for placing a sell order. The actual selling process is therefore carried out via an exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks).

With order supplements, the execution of the order can be controlled in advance. The sale of the share certificates takes place at a time and place defined by you.

Why is online trading so popular?

Online trading has become very popular in Germany in recent years. Many people use online platforms to invest in shares, funds, foreign exchange or cryptocurrencies. These platforms offer a convenient and accessible way to trade in the financial market and usually do not require large amounts of initial capital.

However, online trading is also associated with risks. It is important to be aware of the different investment options and the associated risks before entering into trading. Investors should also regularly monitor their portfolios and make changes to minimise risk.

There are also some regulatory requirements that online traders in Germany must meet, including complying with money laundering laws and submitting tax information to the tax authorities.

Losses – recommendations for action from a lawyer

If you have already made investments and now want to reclaim them, there are different approaches.

  1. Often, a solution can be found with the provider itself. We can always reach out-of-court settlements with service providers. Our clients then get back their full transaction amount or a share of it.
  2. If it is not possible to resolve the problem with the provider at all, there is the possibility of submitting a complaint to the competent financial supervisory authority. The supervisory authority checks the facts of the case and can order the service provider to pay a refund. Our client will then be reimbursed the amount by the service provider. Addresses for complaints can be, for example, financial supervisory authorities or financial ombudsmen.
  3. If payments have been made to accounts abroad, the tax authorities and financial institutions based abroad should also be informed. The latter will then usually initiate their own investigations. This also has the aim of seizing sums of money in the bank accounts and then transferring them back to our clients.
  4. If there is a suspicion that the bank accounts into which our clients have deposited money are part of a money laundering system, it is possible to have these accounts blocked. Deposits into these bank accounts can then be reclaimed from the receiving bank.