‎GERSTARCAPITAL.EU Review

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Warning Investors GERSTARCAPITAL.EU – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Introduction:

The Australian Securities and Investments Commission (ASIC) is the national regulator of financial markets, securities, and corporations in Australia. ASIC’s role is to protect investors and consumers from fraud, misconduct, and unfair practices. One of the ways ASIC does this is by issuing alerts about unauthorized entities that operate without a license or registration, and that may be involved in scams or illegal activities.

One of the latest alerts issued by ASIC is about GERSTARCAPITAL.EU, a website that claims to offer crypto trading services to Australian investors. According to ASIC, GERSTARCAPITAL.EU is not authorized to provide financial services in Australia, and it may be a scam. ASIC warns investors to avoid dealing with this entity and to report any contact or transactions they have had with it.

Regulation and Compliance:

Why is it important to deal with regulated and compliant entities when it comes to crypto trading? Crypto trading involves buying and selling digital assets such as Bitcoin, Ethereum, and other cryptocurrencies. These assets are volatile, complex, and risky, and they are not subject to the same rules and regulations as traditional financial products. This means that investors may face higher chances of losing money, being hacked, or being scammed.

Regulated and compliant entities are those that have obtained a license or registration from ASIC or another reputable regulator, and that follow the laws and standards that apply to financial services. These entities are required to meet certain criteria, such as having adequate capital, systems, and processes; providing clear and accurate information; disclosing fees and risks; ensuring fair and honest conduct; and resolving complaints and disputes. These entities are also subject to supervision and enforcement by ASIC or other regulators, which means that they can be held accountable for their actions.

By contrast, unauthorized entities like GERSTARCAPITAL.EU are those that operate without a license or registration, and that do not comply with the laws and standards that apply to financial services. These entities may not have adequate capital, systems, or processes; they may provide misleading or false information; they may charge hidden fees or manipulate prices; they may engage in fraud or theft; and they may not resolve complaints or disputes. These entities are not subject to supervision or enforcement by ASIC or other regulators, which means that they can act with impunity and evade responsibility.

Customer Support:

Another way to distinguish between regulated and compliant entities and unauthorized entities is by looking at their customer support. Customer support is the service that an entity provides to its customers before, during, and after a transaction. Customer support may include answering questions, providing guidance, resolving issues, offering refunds, or handling complaints.

Regulated and compliant entities usually have professional and reliable customer support. They provide multiple channels of communication, such as phone, email, chat, or social media. They respond promptly and courteously to customer inquiries. They address customer concerns effectively and fairly. They follow up with customers regularly and ensure their satisfaction.

Unauthorized entities like GERSTARCAPITAL.EU usually have poor or nonexistent customer support. They provide limited or no channels of communication, such as fake phone numbers, unresponsive email addresses, or inactive chatbots. They ignore or delay customer inquiries. They dismiss or deny customer concerns unjustly or rudely. They do not follow up with customers or ensure their satisfaction.

Customer Reviews:

One more way to distinguish between regulated and compliant entities and unauthorized entities is by looking at their customer reviews. Customer reviews are the feedback that customers give about their experience with an entity. Customer reviews may include ratings, comments, testimonials, or complaints.

Regulated and compliant entities usually have positive and authentic customer reviews. They have a good reputation among customers and the public. They receive high ratings and compliments for their service quality and performance. They have few or no complaints or negative feedback.

Unauthorized entities like GERSTARCAPITAL.EU usually has negative and fake customer reviews. They have a bad reputation among customers and the public. They receive low ratings and criticisms for their service quality and performance. They have many complaints or negative feedback.

How can crypto transactions be traced?

Crypto transactions are recorded on public ledgers called blockchains. Blockchains are distributed databases that store information about every transaction that occurs on a network. Blockchains are transparent, immutable, and verifiable, which means that anyone can see the history of every transaction, but no one can alter or delete it.

However, blockchains do not reveal the identity of the parties involved in a transaction. Instead, they use pseudonyms called addresses, which are strings of alphanumeric characters that represent the source and destination of a transaction. Addresses are not linked to any personal or financial information, which means that they provide a degree of anonymity and privacy.

However, anonymity and privacy are not absolute. Crypto transactions can be traced by using various methods, such as:

– Analyzing the transaction patterns and behaviors of addresses, such as the frequency, amount, timing, and destination of transactions.

– Linking addresses to other identifiers, such as IP addresses, email addresses, phone numbers, or social media accounts.

– Obtaining information from third parties, such as exchanges, wallets, or service providers, that may have access to customer data or records.

– Collaborating with law enforcement agencies, regulators, or other entities that may have legal authority or jurisdiction to request or compel information.

By using these methods, it may be possible to identify the owners or operators of addresses and to track their activities and movements.

Shielding Your Finances: Measures to Avoid Scam Brokerages:

Scam brokerages are entities that offer financial services without a license or registration, and that may be involved in fraud or illegal activities. Scam brokerages pose a serious threat to investors and consumers, as they may cause them to lose money, personal information, or assets.

To avoid scam brokerages and protect your finances, you should take the following measures:

Do your research. Before dealing with any entity that offers financial services, you should check its background and reputation. You should verify its license or registration status with ASIC or another reputable regulator. You should also read its terms and conditions, policies, and disclosures. You should look for customer reviews, feedback, or complaints online or on social media. You should avoid entities that have no license or registration, that have negative or fake reviews, or that have been flagged by ASIC or other regulators.

Be cautious. You should be wary of any entity that offers too-good-to-be-true deals, such as high returns, low fees, or guaranteed profits. You should also be suspicious of any entity that pressures you to act quickly, to invest more money, or to provide personal or financial information. You should also be careful of any entity that uses aggressive or deceptive marketing tactics, such as unsolicited calls, emails, messages, or pop-ups. You should never deal with an entity that you do not trust or understand.

Report and recover. If you have been contacted by or have dealt with a scam brokerage, you should report it to ASIC or another regulator as soon as possible. You should also contact your bank or payment provider to stop or reverse any transactions you have made with the scam brokerage. You should also change your passwords and secure your accounts. You should seek professional advice or assistance if you need help recovering your money or assets.

Conclusion:

In conclusion, GERSTARCAPITAL.EU is an unauthorized entity that offers crypto trading services to Australian investors. It is not regulated or compliant by ASIC or any other regulator. It may be a scam that poses risks to customers. Investors should avoid dealing with this entity and report any contact or transactions they have had with it.

To protect your finances from scam brokerages like GERSTARCAPITAL.EU, you should do your research, be cautious, and report and recover. You should only deal with regulated and compliant entities that have a license or registration from ASIC or another reputable regulator. You should also educate yourself about the features and risks of crypto trading and seek independent advice if necessary.


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