Webull Investing – The online broker is, according to information found on the company’s website https://trade.webbullinvesting.org/login, a service provider for online trading, which provides its customers with various services. Accordingly, Webull Investing is concerned with achieving high profits. The same operator could also be behind the URL https://webullinvesting.com/.

You encounter complications with the distribution of your investment? Our lawyers can help you with claims against Webull Investing.

Webull Investing – Experiences of investors

Currently, there is an enormous number of online trading platforms such as Webull Investing. As a result, investing in the unpredictable financial markets has never been as easy but also risky as it is now. Especially because there are a large number of options, choosing an online broker can be time-consuming and frustrating. Especially if you want it to match your individual investment ideas. Have you already invested with Webull Investing? In this case, the following aspects are relevant for you as an investor.

  • Access to the world’s stock markets is becoming more convenient and lucrative for investors through online investing.
  • Online trading offers a wide range of order types.
  • A good place to start for investors who want to find out about share certificates, futures, binary options and cryptocurrencies is an online presence like this one.

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

Webull Investing provider checklist: General tips to protect you from risks

The following list serves to protect you from service providers with dubious intentions.

  • Is a company like Webull Investing listed in the company database of the specific EU supervisory authority?
  • Don’t be misled by promises of very high profits without the risk of losing assets.
  • Identity theft is a serious nuisance: please do not hand over a copy of your identity card. Fraudsters often ask you to do this.
  • Does a complete imprint exist on the online presence?
  • Do not use any remote maintenance software that gains access to your terminal equipment.
  • Find out as much as possible about the company and the goods you want to buy (Google, forums, online map services).
  • Is the online trading provider Webull Investing a company licensed by the Federal Financial Supervisory Authority or in another EU country?
  • Do not accept unsolicited investment recommendations from strangers via promotional calls or emails.
  • In which place is the company’s head office?
  • Ask yourself: What is the name of the contact person I should get in touch with?

Does Webull Investing have accounts located abroad and request transfers?

Does it make sense for you to transfer funds outside Europe? Consider carefully what you are doing. Numerous investors have already lost capital in this context. It is conceivable that you will lose the overall view of where your funds are going and how they are invested. When capital was provided to a company, it happened that the provider did not invest the transferred amount of money as agreed or even not at all. There were also cases where the company simply did not exist, although it presented itself accordingly like webull investing. Besides the regulated financial service providers, there are many dubious online trading platforms where a similar procedure can be observed in the majority of cases. Potential investors are contacted by employees of the respective trading platform. For example, with a phone call after the investor has provided non-binding contact details on the provider’s website. In dozens of cases, however, they are also contacted by mass e-mails. These entice the investor with seemingly money-making investments. The investor is quickly provided with a personal online broker who instructs him on how to set up an online trading account and make the first payments. The investor initially feels well advised and online trading usually starts with small sums. But soon higher investments are demanded – often to foreign accounts. These deposits are intended to increase the potential profits. Obstacles with fraudulent trading platforms arise in the end when the investor demands a profit distribution. This is often delayed again and again or linked to further payments such as alleged taxes and commissions. In the past, the perpetrators merely operated from questionable locations. Now they operate from completely different locations such as the United Kingdom (including London), the Netherlands, Canada, the Kingdom of Spain, Dubai and others. For the majority of people, it is costly to identify tricky scams. Companies often receive email orders with immense order volumes that are disproportionate to the normal purchase amounts. To lure the German company, huge promises of profits are made. However, the enormous order volume functions solely as a means of exerting pressure in conversations with the manufacturer in order to demand correspondingly increased registration and licensing costs. It is not always obvious whether the recipient of this payment is also the customer of the products. Notwithstanding this, one can assume that companies that are active abroad will not have to pay regional taxes on deliveries to other countries in the foreseeable future. Check whether this also applies to investments at Webull Investing.

What are the disadvantages of the grey capital market?

Only a small proportion of financial market participants such as Webull Investing are subject to official regulation and control. In the grey capital market, there are service providers who do not need a licence from BaFin and only have to fulfil a few regulatory conditions. Only invest in the grey capital market if you are convinced of the solvency of the company and it is known to you as a company. As I said, the Federal Financial Supervisory Authority has no control over these providers. The grey capital market holds a variety of possibilities. There are:

  • Loans with a subordination agreement
  • Crowdfunding offers
  • Equity investments
  • Ordinary bonds
  • Profit participation rights and other hybrid forms of bonds

One thing is certain: it is uncertain how it will ultimately turn out for the investor. Do you find it difficult to understand the product on offer? Then you should get as many facts as possible 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 complex the product. It is also not advisable to put all your money on one horse. Diversify your risk beyond webull investing. To avoid being influenced incorrectly, always focus on the product itself rather than the name or presentation of the financial service.

Check advertisements for online trading platforms for seriousness

On dubious online trading platforms, there are a variety of investment products that are penetratingly advertised in internet forums and social media to lure investors. In addition, “network marketing” is used to solicit new investors. In the advertising, the assurance of immediate profitability is emphasised above all. In order to start investing, a potential investor must first create an account with the trading platform – as with Webull Investing. Then the alleged online brokers contact the investor via a call centre and try to convince him to pay large sums of money. The positive attitude of money investors towards cybertrading is partly reinforced by the idea of 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, money investors are being hoodwinked by a manipulated trading algorithm about the true evolution of stock market data and prices. Webull investing does not necessarily belong to this category. The backers use their own unilaterally determined price values when calculating profits. This means that the service provider has complete control over whether a profit is made or not. Until the alleged returns are paid out, this deception continues. If the investor demands the payout, the buyers suddenly no longer have access to their accounts and the individual contacts associated with them. Most investors lose all their capital invested in this fraudulent trade, forcing them to contact a lawyer.

Are the exit options questionable?

Clarify when and how much money will be paid out. At best, avoid longer-term contracts that cannot be terminated early or where you would incur heavy monetary losses. Only conclude long-term contracts without the possibility of early termination with providers such as Webull Investing, whose credibility you have no doubts about. Even if you have the chance to waive a contract at any time or to terminate it over a given period, you should be critical. Even if you have this protection, you may still be vulnerable to financial loss. Make sure you know in detail how much capital you will get back if things go wrong. The following rule applies to share transactions:

Before the end of the contract period, find out what options are available to you to sell share certificates.

It is often important to know whether there is a liquid market for services such as those offered by Webull Investing. It is possible to sell shares through a broker or a financial institution. All three methods are acceptable for placing a sell order. The actual selling process is then carried out via a securities exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks). Order supplements can be used to direct the execution of the order in advance. The sale of the securities takes place at a date and place determined by you.

What to do in case of losses with Webull Investing?

It is advisable to take action as soon as possible if the suspicion is confirmed that an online trading provider is not acting properly and there is a risk that the online broker will refuse to make payments. Apart from a report, which we file for our clients with the criminal investigation department, and a notification to the financial authorities, the provider should also be held legally accountable if necessary. This involves examining the claims against the financial service provider agreed in the contract as well as possible compensation options. In the case of money transactions, it is also important to check whether financial institutions can be held liable in the event of an error. Claims for damages against banks can arise, for example, in the case of money laundering or other criminal acts. However, this must be examined on a case-by-case basis. If your online broker delays the distribution, you should therefore immediately contact an experienced law firm:

  1. Describe the facts of the case to our lawyers in an e-mail
  2. Tell us how long the online broker has been delaying payment
  3. Give us the names and contact details of all the people you have communicated with

The Herfurtner law firm will carry out a free initial assessment for you in connection with webull investing. In addition, we will let you know promptly whether we think you have a good chance of recovering your losses.