YABO Market – The alleged financial service provider YABO Market presented itself as an online broker on its website https://yabomarket.com/, which is currently offline.

The United Kingdom financial authority has issued a warning about the provider YABO Market. You have invested with YABO Market and would like your money back? The law firm Herfurtner will help you in case of difficulties.

YABO Market – risky investment?

Currently, there is an enormous number of online trading platforms such as YABO Market. As a result, investing in the unpredictable financial markets has never been as easy but also as risky as it is today. Especially because there are many options, choosing an online platform can be time-consuming and challenging.

Especially if it is to suit your particular investment plans. Have you already invested in YABO Market? Then the following points are important for you as an investor.

  • An optimal address for investors who want to find out about securities, futures, binary options and cryptocurrencies is a website like this one.
  • Entry to international exchanges is becoming easier and more affordable for capital investors through online investing.
  • Federally regulated online brokers, trusted provider websites, fees and commissions, product options and customer reviews are just some of the factors to consider when making your final choice.
  • When it comes to online trading, you can choose from a variety of order types.

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

Evaluating YABO Market correctly: Characteristics of trustworthy trading providers

The following considerations should be kept in mind when looking for opportunities to invest your assets on the internet:

  1. Financial service providers such as YABO Market must be licensed in Germany by the Federal Financial Supervisory Authority (BaFin). The BaFin’s company database contains information on authorised service providers.
  2. In The Federal Republic of Germany, the imprint must contain an address, the contact details of an authorised representative of YABO Market and a telephone number.
  3. Look for an imprint on the WWW page of the service provider. If this is not the case, it is time to: Hands off! However, you should also be aware that an imprint can be faked.
  4. Quality seals are often used by fake shops to suggest that they are reputable. To find out whether a link leads to the internet presence of the quality seal and whether the shop is also listed there, click on the image of the seal. It is quite possible that the operator of the online presence has merely copied the quality seal from another online presence and transferred it to his current website without the appropriate certification.
  5. It can be very useful to find out what other consumers are saying about a potential provider, even if it is only on the internet.

Have you made a trial investment with YABO Market?

Does YABO Market tempt you to try out investments with a small amount? Can you not find any information about the provider because it is supposedly a new company with exciting business ideas? There is a good chance that the “insider” tip is a deception.

After a short time, the investment service provider will tell you that your investment was a huge success and ask you to increase your investment. The success of your trial investment may make you want to make further investments. Here are some examples of dubious investment tips:

  1. “With just 5 minutes of your life, you can become a billionaire.”
  2. “With the automatic share profit method you will earn 3500.00 euros per month!”
  3. “5-star stock with a profit share of 47.88 percent”

Anyone who promises too much, and that too unsolicited, is in the rarest cases serious! But also examine which guarantees and offers are presented to you by the investment company YABO Market.

Serious service providers always follow your order

Placing orders for transactions in shares without the account holder’s consent can sometimes lead to a jump in the price of particular shares. This applies in particular to open market transactions in illiquid foreign shares (over-the-counter trading).

Therefore, be vigilant if you are asked to disclose personal data about the investment with YABO Market entirely without your consent with reference to supposedly rewarding trades or profit announcements.

At no time should you disclose your International Bank Account Number, Business Identifier Code and other bank codes to anyone you do not know. Similarly, you should not disclose your bank account or custody account numbers or passwords.

Do not hand over custody account documents or securities statements from YABO Market to anyone you do not know. Callers posing as investment advisers, brokers or financial authority employees are also unpredictable.

Cybertrading: What you should know in advance

The usual capital investment scam is carried out using familiar means such as advertising, unsolicited telephone calls or stock market letters. When it comes to running scams, the outdated approach is fast becoming obsolete in the digital age. The new type of investment fraud can be described with the term “cybertrading”.

Investment products are traded fraudulently over the internet. Dishonest investments include investment products such as contracts for difference and virtual funds. YABO Market’s offerings have also been used by other providers in a similar way to trap investors.

Investors are increasingly making their own enquiries about investment opportunities on the web. In this way, people trust their personal expertise or the recommendations of others in weblogs, forums and other online platforms when making decisions.

The switch to ever different financial products has no long-term effect on the illegal activities in terms of organisational structure. Since the mafia-like gangs rely on already existing and widely recognised infrastructures, there is no need to switch to a new “business model”.

No matter what financial product is traded, the process of cybertrading is almost congruent. These investment products are aggressively promoted on social media or with affiliate marketing. In this context, it is almost all about illustrating insanely high profits. Calculate the probability of earning high profits with YABO Market before you invest.

Find out about fees in advance

Before investing with YABO Market, find out how much of your investment amount will be used to cover costs, fees and commissions. This is a good time to examine the info provided by the providers in detail! Investors must be informed about all calculated fees and their influence on the return of financial service providers.

In addition, the remunerations must be listed individually. Assuming that you request a presentation of all costs, the financial service providers are obliged to provide you with this information. For obvious reasons, a provider such as YABO Market is normally interested in as many transactions as possible.

In many cases, the costs are so high that it is difficult to make a profit. The costs can even eat up the invested assets in a short time. Therefore, be sure to pay attention to the costs! The trading fees of the online broker must be publicly visible.

The transparency of the cost structure is also stipulated in the official regulations and licensing. If there is a violation, the provider’s licence can be revoked.

Get your money back from YABO Market? Contact our law firm

In order to be able to weigh up whether you have a claim for a refund against the broker YABO Market, it is always necessary to review your case in detail. The lawyers of the Herfurtner law firm will do this for you as part of a free initial consultation. The starting point for this assessment is always the facts of your case.

In addition, parallels can often be drawn with similar cases. You therefore benefit from the extensive experience of our lawyers. After the entire examination of all documents and the legal classification, the action is first directed against the provider YABO Market itself, should certain breaches of duty be verifiable.

In order to prove such breaches of duty, the contract papers, the e-mail message history and possibly other documents must be evaluated. On top of that, regulated online trading providers are also obliged to make and store telephone recordings of conversations with buyers.

The demand for the release of such documentation and the subsequent analysis is also a sensible and necessary step in the enforcement of your claims.

On the basis of this evidence, customers’ demands can be enforced both in extrajudicial and in judicial proceedings.

The banking institutions and crypto exchanges that are on the receiving end should also be taken into consideration.

Because in many cases considerable sums of money are involved, the question arises again and again as to whether the companies have complied with their duties to provide information and their obligations under the Money Laundering Act.

It is not possible to make a general statement in this regard; rather, the individual case must be examined. The same applies to the beneficiary on the recipient side, who is often not equivalent to the provider itself. Under certain circumstances, claims may also have to be made against the provider if breaches of duty can be proven.

After all civil law options have been exhausted, the only remaining course of action is criminal law, should the initial suspicion of a criminal offence be substantiated. This requires contacting investigative authorities at home and abroad and coordinating further precautions.

Many federal states have meanwhile established special units for the subject areas of fraud offences in connection with online and crypto trading. The lawyers of the Herfurtner law firm are in regular contact with these units. Our lawyers know that web hosters also provide helpful information on the domain owner.

However, contacting the internet providers, who are often located outside of Germany, is extremely complicated for the layman. Financial supervisory authorities in Germany and abroad are also useful contact points for investors who have suffered losses.

In addition to the complaint against the respective service provider, which is intended to protect even more potential investors from investments, other details can possibly be obtained through the financial supervisory authorities as a source of information.

This information often makes it possible to combine investigative proceedings in Germany, Austria and Switzerland.