Be careful, investors! Vicova Finance raises questions and could be cheating!

Be careful, investors! Vicova Finance raises questions and could be cheating!

The online portal Vicova Finance intensively advertises attractive interest rates and maximum security for investors. Loud anwalt.de Vicova Finance offers products such as fixed-term deposits, overnight funds and asset management and emphasizes benefiting from capital market expertise and transparency. However, despite these promises, the company is not licensed by the Federal Financial Supervisory Authority (BaFin), which makes it risky for investors to invest money there.

BaFin clarifies that the asset management offered requires approval in accordance with the Securities Institutions Act (WpIG). The fact that the Vicova Finance domain was registered only five months ago and uses an anonymization service also suggests possible dubious business practices. The alleged address in Berlin could be a fictitious address and the mentioned operating company IMTECO GmbH has no connection to Vicova Finance, which raises further concerns.

Warning signs when investing

Vicova Finance's offering is not the only one that investors should exercise caution about. According to information from the BaFin Numerous characteristics are indicative of dubious providers. In particular, offers from the Internet or social media that promise high returns with low risk should be critically examined. In addition, unwanted calls and emails with lucrative business recommendations are often a sign of fraud.

Investors should also pay attention to whether they are forced to switch to private messenger services or offered remote access to their computer. Urgent time constraints when making decisions is another warning sign that should not be ignored. Anyone who wants to invest in investments should obtain sufficient information about the providers and, if in doubt, rely on information from BaFin or consumer advice centers.

Legal action and support

Investors who have invested in Vicova Finance and feel cheated should seek legal support. The law firm Engelhard, Busch & Partner offers free initial advice for injured investors and has over 30 years of experience in representing such cases. Claims for damages against Vicova Finance could exist in accordance with the legal provisions of the German Civil Code (BGB), particularly in the event of deception regarding business activities.

In summary, it is essential for investors to inform themselves thoroughly before investing and to take warning signals seriously in order not to fall victim to dubious providers. In today's digital world, skepticism and caution are the best advice when investing.