WorldExchange.life – The company https://www.worldexchange.life/#/ advertises itself as an online broker. On its website, ingenious investments in the field of cryptocurrencies are possible.
Are you experiencing difficulties with the payout of your investment? Our lawyers will help you with claims against WorldExchange.life.
WorldExchange.life – Broker at a glance
There are currently an enormous number of investment service providers such as WorldExchange.life. This means that investing in the volatile financial markets has never been as easy but also as risky as it is now.
Especially because there are countless options, choosing a financial service provider can be time-consuming and daunting. Especially if it is to suit your particular investment preferences.
Are you considering investing with WorldExchange.life? Then the following points are relevant for you as an investor.
- A very good place to start for investors who want to find out about shares, futures, binary options and cryptocurrencies is a website like this one.
- Entry to international exchanges is made easier and more lucrative for investors through online investing.
- When trading online, you can use a wide range of order types.
The following are general suggestions for investors – regardless of the platform you invest capital in.
Risks of loss with online trading – also with WorldExchange.life?
Just as the stock exchange and other financial markets are subject to certain risks and dangers, so is online trading.
As an investor, you should therefore examine WorldExchange.life with regard to the following topics:
- Risks that may be associated with the corresponding offer, such as possible losing trades
- Incomplete knowledge of the product
- Disadvantages resulting from incorrect or unqualified trading
- The risks and dangers of online security
- Service providers who are not trustworthy
Minimise the risk by looking for a verified track record when choosing a financial service provider. In this context, it is equally important that you are assured of secure money management. Only in this way can you move confidently in the online trading world.
Investors who have a deft touch may well benefit from this, and their earnings may be high.
As long as they have the appropriate approach. One thing should be clear to anyone who starts trading: the threat of losing more investment than has been deposited into the account of the provider WorldExchange.life when trading on the stock exchange exists at all times.
Short-term offer at WorldExchange.life?
Feeling the pressure of a tight deadline? The financial services provider is baiting you with the help of a special offer, but you are under pressure to make a choice quickly?
This is certainly not an ideal idea, because it is often a ruse. Don’t rush into a decision You can not only get excellent offers now, but also invest with WorldExchange.life in the future.
To get where they want to go, scammers know exactly what to do. They try to get as much information as they can about their target through cleverly crafted enquiries. On top of that, they ask about the status of the other person, e.g. whether they are alone at home or whether they have money at home.
Furthermore, they play a game of “wait and see” to make the person desperate. They can keep their counterpart on the phone forever until he or she agrees to go to the financial institution and hand over cash and other valuables to the criminals.
In one of these scams, a deadline pressure is imposed on the injured party. With that strategy, the victim is made to ignore his own caution.
Current support scams use the same formula. Since the computer of the contacted person is presumably infected by an exceptionally serious computer virus, the callers, who presumably work for Microsoft or such a provider as WorldExchange.life, demand in English with an Indian accent the urgent payment of a maintenance contract.
The criminals increase the pressure, in the way that they threaten the targeted persons to make them pay if their computer is infected and transmits the infections.
The big threat of unauthorised orders
Placing orders for securities transactions without the account holder’s consent can sometimes cause the price of particular stocks to jump.
This applies in particular to open market transactions in illiquid foreign shares (over-the-counter trading). You should therefore be sceptical if, with reference to apparently profitable transactions or profit announcements, you are asked to disclose sensitive data about the investment at WorldExchange.life entirely without your permission.
Under no circumstances should you transmit your IBAN, BIC and other bank codes to a third party who is not known to you. Likewise, you should not disclose your bank account or securities account numbers or passwords.
Do not hand over any custody account documents or securities statements from WorldExchange.life to a third party who is unknown to you. Callers posing as financial advisors, brokers or employees of a tax authority are also dangerous.
Broker demands taxes and other payments?
Investors are repeatedly wooed by a “broker” or a call centre employee the moment they have registered on the apparent trading platform. The intention is to get the investor to increase his long-term investments in order to maximise profit. This is also a legitimate goal of the provider WorldExchange.life.
Shortly after the investor has transferred his capital, preliminary profit developments will presumably be shown on his account. This should motivate the investor to invest in the financial instrument on an ongoing basis.
The operators of the trading platform, on the other hand, can use fraud software to fake account movements and earnings, even without the buyer noticing.
Make sure that the accounts can also be authenticated at WorldExchange.life.
In reality, no trading takes place at all on several online trading platforms. Rather, the deposited capital is transferred by the perpetrators to accounts outside Germany’s borders. This is not recognised by the investors at first.
The “brokers” postpone the disbursement of the reported funds by demanding that the investors pay allegedly due taxes and commission costs. These scams only serve the purpose of increasing profits.
Sooner or later, the connection breaks down completely. The money deposited is no longer there. From this moment on, the only way to take further steps is to go to a lawyer.
Online Trading: Be sure to plan for costs and commissions
Before investing with WorldExchange.life, find out how much of your investment sum will be used to cover costs such as fees and commissions. This is a useful time to fully check the information provided by the service providers!
Investors must be informed of all costs included and their impact on the profit margin of financial service providers. In addition, the costs must be presented separately.
Assuming that you request a presentation of all fees, the financial service providers are under an obligation to provide you with this information.
A provider such as WorldExchange.life is usually interested in as many transactions as possible for understandable reasons. Often the costs are so high that it is difficult to make a profit. The costs can even devour the invested money in a very short time.
Therefore, be sure to take the costs into account! The broker’s commission fees must be publicly available. The clarity of the cost structure is also laid down in the legal requirements and licensing.
In connection with a violation, the service provider’s regulatory licence can be withdrawn.
What to do in case of losses with WorldExchange.life?
You have invested with WorldExchange.life, or another provider? Now you are encountering difficulties with repayment?
Then it is advisable to stop additional payments immediately. This applies in particular if the online broker demands additional payments to compensate for losses.
Incidentally, one should try to recover the lost capital. In doing so, affected private investors can seek investor protection and turn to the lawyers of our law firm. Our law firm examines both civil and criminal law options and possible claims for damages against the company and against involved payment service providers such as financial institutions.
“It is no longer possible to speak of an individual case when a private investor loses money in the course of online trading. Many investors are deceived by the professional appearance of the providers and do not realise soon enough that they are not responsible for their losses
Our recommendation is therefore not to resign, but to react quickly and actively. Because the chance of recovering the lost money is often greater than the aggrieved investors think.
Would you like to talk to one of our lawyers about WorldExchange.life? Then you can go straight to our contact area here.