XPDD – The online broker claims to be a service provider in the field of cryptocurrencies on its website https://www.xpdd.online/pc/home.

If you have invested capital with the provider XPDD and now have complications with the repatriation, our lawyers will be happy to help you.

XPDD – Overview of the provider

There are currently a very large number of online trading platforms such as XPDD. As a result, investing in the volatile 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 daunting.

Especially if it is to meet your individual investment needs. Have you already invested with XPDD? Then the following aspects are important for you as an investor.

  • Access to the international stock markets is becoming easier and more affordable for investors through online investing.
  • A good address for investors who want to learn about shares, futures, options and cryptocurrencies is a website like this one.
  • State-regulated brokers on the internet, secure provider pages, costs and bonuses, product options and ratings are just exemplary features to factor into your irrevocable decision.

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

Assessing XPDD’s trading offers in advance

The following thoughts should be kept in mind when you are looking for opportunities to invest your assets online:

  1. Financial service providers such as XPDD must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). The BaFin’s company database contains information on approved service providers.
  2. Quality seals are often used by fake shops to pretend that they are reputable. To see if a link leads to the WWW page of the seal of approval and if the shop is also mentioned there, click on the picture of the seal. It is quite possible that the owner of the homepage has only copied the seal from another online presence and transferred it to his current website without the corresponding certification.
  3. Look for an imprint on the service provider’s homepage. If this is not the case, it means: Hands off! However, you should also be aware that an imprint can be faked.
  4. In Germany, the imprint must contain a postal address, the contact details of an authorised representative of XPDD and a telephone number.
  5. It can be very beneficial to ask what other consumers say about a potential provider, even if it is only on the net.

Has XPDD contacted you by fax?

Have you ever received investment offers by email from a financial services provider like XPDD that you are not aware of? Do you receive faxes from the stock exchange that you have in no way solicited? Or have you received a supposed “insider tip”? Investors should beware of such suggestions, because they are often spread by untrustworthy groups and companies that want to make a profit by selling shares in a fictitious success story.

Cases have also come to light in which consumers and buyers are consulted by an alleged stock exchange supervisory authority. It is falsely claimed that the persons written to have become victims of a fraud and that the personal 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 a clear attempt at fraud. In any case, we recommend against interacting with such a person or sharing personal data, such as user names, passwords, credit card numbers or other identifying information, such as your account data at XPDD.

Grey capital market and investor protection

Only a small proportion of financial market participants such as XPDD are subject to official regulation and supervision. In the grey capital market, providers operate that do not require approval from the Federal Financial Supervisory Authority and only have to comply with some 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 said, BaFin has no control over these service providers. The grey capital market holds a wealth of opportunities. There are:

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

One thing is certain: it is unclear what the end result will be for the investor. Is it difficult for you to understand the financial product being offered? Then you should gather as much information as you can before making a choice. Don’t buy anything you don’t fully understand! When it comes to investments, the more experience you need, the more sophisticated the product.

It is also not advisable to concentrate all your assets on one offer. Diversify your risk beyond XPDD. To avoid being swayed to your disadvantage, always focus on the product itself rather than the name or image of the financial service.

Cybertrading – Experiences of investors

Classic investment fraud is carried out using well-known methods such as advertising, unsolicited telephone calls or stock market letters. When it comes to carrying out fraud, the old-fashioned approach is quickly becoming obsolete in the digital age. The modern type of financial fraud can be described with the term “cybertrading”. Investment products are traded dishonestly over the internet. Dishonest investments include financial products such as contracts for difference and virtual money.

XPDD’s services have also been used by other providers in a comparable way to trap investors. Investors are increasingly making their own enquiries about investment opportunities on the internet. Thus, people rely on their individual knowledge or on the tips of others in blogs, forums and other online platforms when making decisions The transition to ever new financial products does not have a lasting impact on the law-breaking activities in terms of gang structure.

Since criminal gangs rely on already existing and widely accepted infrastructures, there is no need to switch to a new “business model”. No matter what financial instrument is traded, the process of cybertrading is nearly identical. These financial instruments are penetratingly advertised on social media platforms or with paid advertisements. In this context, it is almost all about illustrating insanely high profits. Calculate the probability of earning high profits with XPDD before investing money.

Recovery Scam? Beware of unsolicited offers after you have invested

Anyone who has ever lost funds to a fraudulent investment platform knows how fatal that can be. That alone is bad enough. But on top of that, the criminals 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 investment advisors from XPDD. Instead, they guarantee to provide assistance in recovering the lost money in exchange for a payment.

Many criminals even appear to have been hired or engaged by trusted companies such as a financial regulator. After stealing your personal data, the rip-off artists often pose as good Samaritans. They guarantee to assist you in recovering the stolen money. Even if you have invested money with a provider like XPDD, your contact information may be stolen.

Anyone who has lost a substantial amount of money is usually distressed. The criminals take advantage of people’s concern by calling themselves “recovery companies”. They offer their services under the bogus pretext of assisting them to get their money back. This means they make dubious assurances that they will recover the lost assets.

Losses with XPDD – What you can do

You have invested with XPDD, or another service provider? Now you notice complications with the payout? Then we recommend that you block additional payments immediately. This is especially true if the broker suggests additional payments to compensate for losses. Furthermore, you should try to recover the lost capital. In this context, affected investors can seek investor protection and contact the lawyers of our law firm.

We examine both civil and criminal law options and possible claims for damages against the provider and against involved payment service providers such as banking houses.

“It is no longer possible to speak of an individual case when a private investor loses his capital in online trading. Many investors are deceived by the professional appearance of the service providers and only realise too late that they are not responsible for their losses.”

Our advice is therefore not to bury your head in the sand, but to react quickly and actively. Because the prospect of recovering the lost capital is often greater than the aggrieved investors assume. Would you like to talk to one of our lawyers about XPDD? Then you can go straight to our contact page here.