Zipmaxmarkets – the company describes itself on its own website as an asset trading platform. Zipmaxmarkets offers its clients the purchase, sale and trading of cryptocurrencies.

You have invested with Zipmaxmarkets and want your money back? The Herfurtner law firm will help you with obstacles.

Zipmaxmarkets – is crypto trading safe?

Currently, there is a very high number of online trading platforms such as Zipmaxmarkets. This means that it has never been as easy but also risky as now to invest in the volatile financial markets.

Precisely because there are a lot of options, choosing a provider can be time-consuming and daunting. Especially if you want them to meet your personal investment requirements. Have you already invested with Zipmaxmarkets? In this case, the following aspects are relevant for you as an investor.

  • Entering the global financial markets is becoming more convenient and lucrative for investors through online investing.
  • An optimal address for investors who want to learn about share certificates, futures, binary options and cryptocurrencies is a website like this one.
  • Officially licensed online brokers, trustworthy portals, costs and brokerage commissions, product options and feedback from clients are just some of the considerations you should plan for when making your final decision.

The following tips are general tips for investors – regardless of the platform in which you invest money.

Is Zipmaxmarkets authorised by financial regulators?

Both financial markets and investor protection benefit from rules of conduct and organisational responsibilities. Bond service companies and providers like Zipmaxmarkets must comply with a wide range of regulations. The same applies to their employees. This is to prevent conflicts and related disadvantages for investors.

This includes the obligation of the company to inform its corporate clients about the most important features of a financial transaction before it is concluded. This applies to the respective investor as well as to the investment itself.

According to this very idea, further information is necessary for corporate clients who want to engage in highly speculative or risky transactions. Towards their clients, companies like Zipmaxmarkets have a responsibility.

This goes far beyond the provision of a product or service. Does the provider have an authorisation to distribute financial products? You should definitely check this. To do this, you can consult the broker check database of a financial regulator and enter the name of the service provider in the search field.

Zipmaxmarkets – Sending e-mail & fax offers?

Have you ever received investment offers by email from a service provider like Zipmaxmarkets that you are not aware of? Do you receive fax messages from the stock exchange that you have in no way requested? Or have you received an alleged “secret tip”?

Investors should beware of such tips, because they are usually spread by unscrupulous people or online brokers who want to profit from a false success story by selling securities. Cases have also come to light in which consumers are called or written to by a supposed stock exchange supervisory authority.

It is falsely said that the persons written to have become victims of a fraud and that the relevant data have been passed on to the stock exchange supervisory authority by the alleged Federal Public Prosecutor’s Office in Karlsruhe. The persons written to are asked to fill out an Internet form.

This is a clear attempt at fraud. We do not recommend contacting this person under any circumstances or providing personal information such as user names, passwords, credit card numbers or additional identifying information such as your account details with Zipmaxmarkets.

Pump and Dump: What is behind the terminology?

The term pump and dump is used to describe a situation in which the market price of a stock is unnaturally inflated by insiders. Subsequently, the same share is sold again at a loss to the other investors. Accordingly, this is a case of fraud. A manipulation that profits from the ignorance of small investors and stock market novices.

This approach is therefore illegal in a controlled securities market and for service providers such as Zipmaxmarkets. The crypto market, on the other hand, is still by and large “Wild West” as far as such tactics are concerned. Therefore, extreme vigilance is indispensable!

Pump-and-dump scams are more common there in the context of the generally so-called altcoins. The pump-and-dump scam is used by criminals to drive up the price of an unknown currency or one they may have created themselves.

They achieve this by spreading disinformation on the WWW or on social media or by luring co-investors with unreasonable profit expectations. So make sure that the provider Zipmaxmarkets provides you with all the necessary information on this topic.

Differences: reputable and dubious operators of trading websites

Questionable online trading platforms offer a wide range of investment products, which are penetratingly advertised on blogs and social media in order to lure investors. In addition, “network marketing” is used to solicit new investors. In particular, the guarantee of quick profitability is highlighted in the advertising.

In order to start investing, an interested investor must first of all create an account with the trading platform – such as Zipmaxmarkets. Then the perpetrators contact the investor via a call centre and try to persuade him to invest large amounts of money.

The investors’ hopeful attitude towards cybertrading is partly supported by the idea of future profits. Buyers are more willing to invest in the future if they see exactly the kind of results they expect. At this point, money investors are misled by a manipulated trading algorithm about the true trend in stock market data and prices.

Zipmaxmarkets does not necessarily belong to this category. The backers use their own unilaterally determined price values to calculate returns. As a result, the financial service provider has all control over whether a profit is made or not. Until the alleged profits are paid out, this rip-off continues.

When the time comes for the payout, the clients suddenly no longer have access to their client accounts and the personal contacts associated with them. The vast majority of investors lose all their capital invested in such fraudulent trading, forcing them to seek legal assistance.

Look for clearly identifiable exits

Check when and how much money is paid out. At best, avoid long-term contracts that cannot be terminated early or where you would experience significant monetary losses. Only enter into long-term contracts without early termination options with financial service providers such as Zipmaxmarkets, whose reliability you have no doubts about.

Even if you have the option to waive a contract at any time or to terminate it over an agreed period, you should be sceptical. Even if these options do exist, you are still vulnerable to monetary damages. Make sure you know in detail how much capital you will get back if the money deal goes wrong.

The following rule applies to transactions in securities: Before the end of the contract period, find out what options are open to you to redeem a unit certificate. It is often important to find out whether there is a liquid market for offers such as those made by Zipmaxmarkets.

It is possible to sell share certificates via an online broker or a financial institution. All 3 options are legal for placing a sell order. The actual selling process is then carried out via a stock 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 from the beginning. The sale of the share certificates takes place at a time and place determined by you.

What to do in case of losses with Zipmaxmarkets?

If you have already made investments with Zipmaxmarkets and now want to reclaim them, there are various methods.

  1. If there is a suspicion that the bank accounts to which our clients have transferred funds are part of a money laundering scheme, it is possible to have these money accounts blocked. Payments into these accounts can then be reclaimed from the receiving bank.
  2. If transactions have been made to foreign accounts, the foreign financial supervisory authorities and banking institutions should also be informed. They will then usually initiate additional investigations of their own. This also pursues the intention of seizing sums of money in the bank accounts and then transferring them back to our clients.
  3. If it is guaranteed that no solution can be found with the service provider, it is possible to file a complaint with the responsible tax authority. This authority examines the facts and has the option of ordering the investment service provider to pay a refund amount. Our client then receives the amount back from the provider. Addresses for complaints can be, for example, financial supervisory authorities as well as the Financial Ombudsman.
  4. Often, a solution to the problem can be found with the provider itself. In many cases, we can reach out-of-court sett lements with the operators. Our clients then receive their full transaction amount or part of it back.
  5. If an assessment by our lawyers would indicate that the platform operator has probably acted dishonestly, we file criminal charges with the responsible criminal authorities on behalf of our clients. Our law firm is in regular contact with public prosecutors’ offices that conduct nationwide investigations. In most cases, there are hundreds or even thousands of aggrieved investors in these proceedings. The investigations also extend abroad on a recurring basis. In the past, the public prosecutor’s offices have achieved significant success in several cases.