GreenTrade24 - BaFin warns against the online broker

The alleged online broker GreenTrade24 sells itself as an impeccable platform for online trading. However, there are numerous indications that unacceptable conditions prevail at GreenTrade24. More and more traders are reporting telephone terror, rip-offs and investment fraud at GreenTrade24. Many have lost their capital invested with GreenTrade24. Serious doubts are announced. Meanwhile, many investors of GreenTrade24 are afraid that it is investment fraud. All investors of GreenTrade24 ask themselves whether they have become victims of investment fraud? And what can the investors of GreenTrade24 do if the suspicion of investment fraud is confirmed? Will GreenTrade24 investors get their money back? Does it make sense to file a criminal complaint against GreenTrade24 with the police? What help is available in case of investment fraud?


GreenTrade24: Disreputable affirmations
What do the surprised visitors have to receive on "Since its establishment in 2011, GreenTrading24 has evolved from a service provider for the financial industry to a specialized asset manager...As a regulated financial service provider, we offer our clients a specialized service in asset management...Our company is managed by the owners...Therefore, we are independent and free in our decisions." This is only a small part of the questionable affirmations that prospective customers find on the website of GreenTrade24. Not one of these noble assurances of GreenTrade24 was redeemed. Unfortunately, the dubious business practices rather provide for disappointed investors and bad experiences!


GreenTrade24: Hide-and-seek game with the Domain entry!
Remarkable for the business practices of the GreenTrade24 makers is that the website does not contain an imprint. Thus, the complete information about the legally responsible operators of the website is missing. If one throws a view of the Domain data of the web page of GreenTrade24, no references to the operators are to be found there. However, one learns that the domain was registered only on 10.09.2020 with PSI-USA, Inc. The real domain owners hide behind the Canadian anonymization service PrivateName Services Inc.


GreenTrade24: Who is behind it?
Answering this question will be rather difficult for many investors, as the GreenTrade24 makers do everything to conceal the true circumstances. However, this is nothing unusual. The perpetrators usually operate several of these websites with the same fraudulent business model. These are created in advance, quickly put online, and just as quickly shut down. The top-level domain is often changed to deceive financial regulators and law enforcement agencies. But who is the operator? On the website of GreenTrade24, there is only sparse information about this. Although the company GreenTrading24 Group with the business address 9103 Diex, Diex 204, Austria is given, the makers of GreenTrade24 cannot be found under this address. There is no obligatory support email address only the two US telephone numbers +19177322317 and +19177242867. The worldwide search for the GreenTrade24 in the relevant registers leads to no result. That clarifies that it concerns probably a pure fantasy product in this case.


GreenTrade24: The customer acquisition of the investment cheats
Here again and again the same proceeding is found: To win customers the offers of GreenTrade24 in all only conceivable media and channels are announced. Not infrequently, these are false promises. Furthermore, they upload videos on Youtube, in which interested investors are convinced with false references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with a misleading reference to the TV show "Die Höhle der Löwen". At the same time, a mostly aggressive affiliate program is launched to motivate others to beat the advertising drum for GreenTrade24.


GreenTrade24: Criminal business practices
As soon as the customer has registered on the trading platform, he receives calls from alleged financial brokers who like to refer to their years of experience and their satisfied customer base. In many cases, however, the makers of this business model are fraudsters, against whom the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn. Usually, the investors start with a small sum as employment. Beforehand, investors are also often motivated to install remote maintenance software, such as AnyDesk or TeamViewer on their computers, so that assistance can supposedly be provided with the first steps. In many cases, the computer is subsequently manipulated and unwanted transactions are carried out. Investment fraudsters also frequently gain access to their victims' online banking in the process. What is particularly criminal, however, is when supposed profits are displayed on the trading platform to entice the customer to place further high stakes. In some cases, even small sums are returned to lull investors into a sense of security. Who then does not want to further increase the stakes? But what happens next?


GreenTrade24: Repayment of the money is attached to conditions
Once in, an exit is mostly impossible. Rather, the administrators of the investment scammers tie the repayment of the money to further deposits. This is where employees come in, claiming alleged tax debts and commission payments. If these are settled, it would come to the disbursement of the allegedly obtained profits. The perpetrators send the investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. A clearing with the allegedly obtained profits is never possible. If an investor refuses further deposits, alleged profits are converted by senseless transactions into losses and the customer is maximally damaged. This is not the end of the horror, but investors are permanently confronted with calls from other dubious providers. This indicates that the contact details of the investors are further traded among the investment fraudsters. In the end, a "savior" regularly comes forward, claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraud gang. The next rip-off! And of course, the "savior" wants a small fee - in advance!


GreenTrade24: Scheme of investment fraud?
There is no regulation of the online broker GreenTrade24. GreenTrade24 lacks authorization from a recognized European financial regulator, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is often used by brokers. Likewise, there is no authorization from the Swiss Financial Market Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. For this, there is a warning from BaFin dated 17.09.2021. It is not difficult to overlook the fact that GreenTrade24 is a scheme of capital investment fraud. All victims of GreenTrade24 are advised to consult an investment fraud lawyer as soon as possible.


GreenTrade24: Where do the fraudsters operate?
Unfortunately, the illegal activities of GreenTrade24 were not limited to the English-speaking world. Because GreenTrade24 addresses German-speaking investors as well, it is only a matter of time until the defrauded investors of this speaker group also come forward. Going through the list of regulators is recommended before any financial commitment to reduce the risk of becoming a victim of investment fraud.


GreenTrade24: Investors want their money back!
Fortunately, the mixed situation is more promising than it seems. Victims can take countermeasures and demand a return on invested capital. At present it is not to be expected that the investment fraudsters of GreenTrade24 are caught soon, nevertheless, there is cause to hope. Hope, therefore, because the funds flowed over accounts, which respectable financial houses made available. The responsible persons, unfortunately, neglected to examine the partially high and therefore control-requiring deposits of the investors and their forwarding for illegality. Such omissions made possible the Anlagbetrügern their criminal work only.


GreenTrade24: They want their money back! How does that work?
Equipped with this knowledge, the investors would not have gotten involved in an investment with GreenTrade24. Now the only option left for the defrauded is to seek recovery of the misappropriated money. Many investors cannot even imagine that there is any real chance of ever seeing their money again. Probably all of them are now wondering if they can get their money back? Clearly yes! There are numerous legal bases to fall back on. The generic term is "money laundering." When investment fraudsters collect money, the crime of money laundering is committed. Financial institutions must take action against money laundering. This is where one starts with good prospects of success. To do this, essential questions must be clarified. Where were the funds moved to by GreenTrade24? Is there any chance that the victims of the investment fraudsters will get back the money they invested with GreenTrade24? What precautions are needed from now on? A lawyer specializing in investment fraud will best answer such questions for you.


GreenTrade24: Who can help?
What to do in case of investment fraud? What help with investment fraud can the victims of GreenTrade24 hope for? The victims of GreenTrade24 will ideally find the help they need from an experienced investment fraud lawyer. He can take care of your case with GreenTrade24 both in terms of the criminal aspects of the investment fraud, as well as the recovery of funds and possible claims for damages. A lawyer for trading comes likewise into question because this also the methods of fraudulent brokers, like GreenTrade24 are well-known.


GreenTrade24: Follow the money!
Such abuses in the unregulated capital market are pursued by the internationally active investor protection law firm Resch Rechtsanwälte for over three decades. The working method of GreenTrade24 is thus nothing new. Over the decades, Resch Rechtsanwälte has developed a comprehensive set of tools for tracking down misappropriated funds and tracing the flow of funds. In times of the Internet, it is becoming more and more difficult to make funds disappear. The more swiftly investors follow the money trail, the greater the chances that they will recover their invested capital. Above all, it is important that investors harmed by GreenTrade24 act immediately.


RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of GreenTrade24 and want to know if and how you can get your money back, call +49 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.