Buy Wirecard shares or not? Our future forecast 2022!

John James
October 13, 2021
Buying Wirecard shares - what should you watch out for? Should you invest in Wirecard shares? Where can you buy Wirecard shares?
Buy Wirecard shares or not Our future forecast 2021!

Wirecard is an international and now insolvent service provider for cashless payments based in Aschheim near Munich. Before the bankruptcy, Wirecard offered solutions for electronic payment transactions, risk management and the issuing and acceptance of credit cards. While the company was dissolved on September 3, 2020, Wirecard shares can still be bought.

The company announced on June 25, 2020, that it would file for bankruptcy. Previously, the price of Wirecard shares was still EUR 92.39 – but fell to EUR 1.42 a short time later, on June 26, 2021. Even if the company has now dissolved, you can still get hold of the Wirecard share – but should you buy a Wirecard share or not?

Table of Contents

Buying Wirecard shares – what should you watch out for?

You should pay attention to the following points when buying Wirecard shares:

  • Should you invest in Wirecard shares? Even though the Wirecard share experienced a brief high of EUR 1.17 on January 6, 2021, the share plummeted again in a short time. This is most likely related to short-sellers – but we do not recommend investing in Wirecard shares now. Day traders could, however, still benefit from the price fluctuations.
  • Where can you buy Wirecard shares? Wirecard shares can be purchased from any online broker. However, we recommend our test winner TradeATF. In our opinion, the provider is the absolute best stock broker currently on the market. On TradeATF, you can buy stocks and ETFs completely free of charge.
  • What can the future of Wirecard shares look like? Wirecard AG was dissolved on September 3, 2020, but the share is still available for purchase. However, it is only a matter of time before it will no longer be possible to buy Wirecard shares. Recovery is not insight here.

We deal with the basic data on Wirecard shares: price, valuation, prospects, analyses, forecasts, recommendations, history and tips on how and where you can easily trade shares online.

The best brokers for buying Wirecard shares:

Rating

Min. Deposit

Min. Spread

Assets

Views

Positive Reviews

Negative Reviews

Likes

4.9/5
250
0.07
  • Commodities
  • Forex 40 +
  • Metals
  • Stocks
  • Indices
  • Cryptocurrencies
85
2
4.5/5
250
0.07
  • Metals
  • Forex
  • Indices
  • Cryptocurrencies
  • Commodities
  • Stocks

 

254
82
3
58
4.9/5
250
0.07
  • Forex 40+
  • Metals
  • Commodities
  • Stocks
  • Indices
  • Cryptocurrencies

 

480
80
3
50
How to buy Wirecard shares? Our guide in 4 steps:

Step 1: Choose a broker

To be able to buy Wirecard shares, you first have to register with a broker. It is advisable to pay particular attention to deposit protection. Should the broker go bankrupt, the shares still belong to you. Anyone who waives this deposit protection will be left without shares in the event of the broker’s bankruptcy.

If stock selection and evaluation are too complicated, a social trading platform can also be a good solution. Here you simply follow an experienced trader and automatically copy the trader’s trading decisions.

Our broker recommendation at this point is TradeATF – with state-guaranteed deposit protection of up to 20,000 euros and 0% commission when buying shares, TradeATF is our test winner broker. To register with TradeATF, click here.

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Step 2: registration

Once you’ve decided on a broker, the next step is to register and log in.

At TradeATF, you have several registration options. In addition to the option of creating a user account yourself, there is also the option of registering via a Facebook or Google account. It simplifies the process thoroughly.

To open an account, all you need in the first step is a  username, email address and a  strong password. With this, you first open a  demo account with TradeATF, whereby you can trade unlimited with virtual credit.

However, if you want to buy Wirecard shares, you can switch to live mode or simply make a deposit.

Step 3: deposit

After registration, a payment is made to the customer account. In advance, you should, therefore, first, think about how much money you are willing to invest in Wirecard shares. We generally recommend that you never invest more than 5% of your capital in a single share. 

Once you have decided on the amount you want to invest, click the ” Deposit Money ” button.

You can now choose from various deposit methods, including PayPal, credit card or bank transfer. It should be noted that a bank transfer usually takes 2-3 working days for the credit to arrive on the customer account.

However, if you want to have your money in your account faster, there are other payment methods available

Below is an overview of all the payment methods available at TradeATF:

Payment optionPossible?
Buy Wirecard shares with a credit card✔️
Buy Wirecard shares with PayPal✔️
Buy Wirecard shares with Skrill✔️
Buy Wirecard shares by bank transfer✔️
Buy Wirecard shares with Neteller✔️
Buy Wirecard shares with UnionPay✔️

Step 4: Buy Wirecard shares

After the deposit, the money appears in your account under the menu item “Account”.

First, search for the Wirecard share in the search bar above and click on the “ Trade ” button.

A small window will open to set the price and number of shares you want to buy. You can also set stop-loss and take-profit, i.e. at which price the share should be sold again in the event of a profit or loss. The two fields are optional.

The Leverage field allows you to control whether you want to buy the real share (x1 leverage) or a CFD (x2 or more leverage).

The purchase is completed with a click on ” Open trade “, and the share appears in your portfolio.

What is Wirecard?

Wirecard is an insolvent financial services provider based in Aschheim near Munich. The company was founded in 1999 and was considered a payment processor and financial services provider. Before its dissolution on September 3rd, 2020, the company offered solutions for electronic payment transactions, risk management and the issuing and acceptance of credit cards.

As early as 2019, it was suspected that Wirecard was misappropriating funds. Nonetheless, Wirecard held out until things suddenly got off the ground in June 2020: The company filed for bankruptcy after Wirecard had granted air bookings totalling 1.9 billion euros.

Wirecard scandal and the long-term consequences

After it became known in June 2020 that 1.9 billion euros were simply “missing”, the financial services provider had no choice but to file for bankruptcy. Shortly later, the payment service provider was thrown out of the DAX share index, and the public prosecutor’s office was called in. Investigators assume that Wirecard has embezzled funds since 2015. It is now assumed that it is a commercial gang fraud.

Both CEO Markus Braun and two other managers have been in custody since summer 2020, while COO Jan Marsalek is still being searched for with an international arrest warrant. At the moment, there is still no trace of the alleged “mastermind”.

Buy Wirecard shares or not Our future forecast 2021!

Information on Wirecard shares: price, key figures & course

The long-term chart showed a steep rise up to its inclusion in the DAX in September 2018 and the price increase over the last three years was at times more than 400 per cent. After inclusion in the DAX, consolidation began. At 2019’s start, there was an upward trend again, and the share was quoted at around 170 euros, as per a report. The reports of the Financial Times resulted in a dramatic drop in prices to less than 100 euros. After the public prosecutor and BaFin intervened, the price recovered slightly and was quoted at 120 euros at the beginning of March.

After the scandal in June 2020, the stock plunged from  92.39 EUR to  1.42 EUR and recorded an all-time low of 0.30 EUR.

Wirecard share key figures

The Wirecard share price target

The current target price for Wirecard shares is EUR 0.45, with the average target price being EUR 0.23.

Wirecard share dividend:

Wirecard no longer pays dividends. Here is a brief overview of the historical dividend distribution:

Dividend per shareReturn in%year
€ 0.200.152018
€ 0.180.192017
€ 0.160.392016
0.30 €0.142015
€ 0.360.132014
€ 0.420.122013

Wirecard share news & history

Wirecard AG emerged from Infogenie AG, a provider working as an information service, in a so-called reverse IPO in 2005. This was listed on the new market at the time and degenerated into a penny stock in the context of the dot-com crisis. The company was stabilised by focusing on payment transactions on the Internet and renaming it Wirecard AG. Markus Braun, who still functions as CEO and major shareholder, played a decisive role.

In the beginning, Wirecard earned its money primarily through payment services for Internet companies that offered gambling or pornographic content. This gave the company a specific negative image and raised fears that Wirecard AG could operate in a legal grey area. Later, however, more and more customers with serious business ideas, such as airlines, tour operators or telephone providers, could win. So Wirecard changed its business accordingly so that business with gambling or erotic providers only made up a minimal proportion of sales.

However, it is speculated that this negative image was one of the reasons why speculators have repeatedly targeted Wirecard AG because of possible offences in accounting.

The following turbulence

After reports in the Financial Times about problems with accounting in the Singapore branch and the possible falsification of the balance sheet, the Wirecard share came under considerable pressure and temporarily lost over 50 per cent of its value within a month. It was only when the BaFin stock exchange supervisory authority issued a ban on short sales on February 18, 2019, and the Munich public prosecutor initiated proceedings against the journalist responsible for the Financial Times that Wirecard AG’s share price gradually stabilised.

Bankruptcy proceedings and an accounting scandal

The ex-Wirecard boss Markus Braun had sold his Wirecard shares in 2020. In a rapid series of several sales, Markus Braun sold a total of Wirecard shares to the value of 155 million euros. This involved over five million of his 8.7 million Wirecard shares.

In June 2020, things quickly happened: Wirecard filed for bankruptcy, the share crashed drastically, and suddenly EUR 1.9 billion was “missing”. The Wirecard insolvency proceedings are thus one of the biggest accounting scandals in Germany since the post-war period.

The insolvent payment company Wirecard was also finally deleted from the German DAX reference index after the exchange operator Deutsche Börse announced a change in its selection rules. The former Dax group Wirecard currently has a total of around 123.6 million shares in circulation.

Wirecard share: buy or sell? Our analysis:

  • At most interesting for day traders
  • Suitable for shorting: speculate on the falling price
  • Company is insolvent
  • Wirecard was dissolved on September 3, 2020
  • Not suitable for long-term investment

What are the advantages of buying?

Wirecard AG was a global digital payments company that operated a multi-channel platform and cooperated with numerous other payment service providers. Among other things, there was cooperation with Apple and Google. Before the insolvency proceedings and the dissolution on September 3, 2020, the Wirecard share was thoroughly worthwhile. There are now hardly any arguments to buy.

Wirecard shares can still be bought, but they are not worthwhile for a long-term investment. However,  anyone who specialises in day trading could benefit from the current fluctuations in the share price. For many investors,  short selling is attractive because one is speculating on falling prices.

Since the share is still in circulation and has not yet reached zero, shareholders still benefit from the crash and the strong price fluctuations. Therefore, if you want to venture into day trading with Wirecard shares, you should above all ensure that you only use as much capital as you can get over it. Furthermore, one should have reliable brokers such as TradeATF use.

Buy Wirecard shares or not Our future forecast 2021!

What are the advantages of selling?

Wirecard AG is insolvent and dissolved. In June 2020, the company triggered the biggest post-war accounting scandal in Germany. While the CEO and manager handcuffs have already clicked, the COO of Wirecard is still on the run – after all, there is talk of financial fraud amounting to EUR 1.9 billion. So if you are looking for a long-term investment with high returns, the Wirecard share is out of place.

In short: Wirecard shares are being phased out. Therefore, it is only a matter of time before the shares can no longer be traded. Therefore, anyone who has long-term ownership of Wirecard shares and has not yet sold them should now expect a large loss. In this case, we also advise you to become friends with day trading and short-selling to keep the loss as minimal as possible.

All those who are planning a  long-term investment should stay away from Wirecard shares.

Is it worth investing in Wirecard shares? Buy now or not?

Even if the share posted a brief high of EUR 1.17 on January 6, 2021, the share then fell back into its usual price range. The current price (July 8, 2021) is EUR 0.31 – accordingly, we advise investors who want to invest in a share for the long term not to invest in Wirecard shares.

Trading in Wirecard shares is – if at all – still of interest to day traders. Short sellers should also continue to benefit from the price fluctuations. But the Wirecard share is in free fall, so we advise against investing in the Wirecard share.

Wirecard share future forecast 2021

It is impossible to give an exact Wirecard forecast. One thing is certain, however: sooner or later, the stock will disappear from the scene. Although Wirecard AG was already dissolved in September 2020, the insolvency proceedings and the proceedings relating to the accounting scandal are still ongoing. Therefore, it will be a while before there are no more Wirecard shares, but it is only a matter of time.

With the misappropriation of officially EUR 1.9 billion, Wirecard committed the biggest accounting scandal since the post-war period. In doing so, the group harmed tens of thousands of investors. The damage is currently estimated at a total of EUR 22 billion. The consequences are therefore more serious than initially thought. Anyone who still owns Wirecard shares should sell them – and those who do not yet have any should leave it at that.

Fees when trading Wirecard shares

If you still want to venture into Wirecard shares, you should deal with day trading and short selling. You also need a good broker with affordable fees. We compare the fees of the largest brokers with the following example:

  • Purchase of Wirecard shares with a value of € 1,000
  • Hold the Wirecard share for one month and then sell
  • No course changes in the 30 days

With these assumptions, we now compare the fees of Comdirect, TradeATF & Libertex :

providersComdirectTradeATFLibertex
Depositfor freefreefor free
Purchase fees3.90 €free0.22%
Holding feesfor freefreefor free
Sales charges3.90 €spreads0.22%
Total fees€ 7.80Reasonable € 4.40

Buy Wirecard shares or not Our future forecast 2021!

Wirecard share conclusion – our rating & recommendation

Wirecard AG is insolvent and has been dissolved since September 3, 2020. After all, the scandal-hit international headlines, COO Jan Marsalek is still on the run and is wanted by an international arrest warrant. He is also said to be the mastermind behind the big accounting scandal. CEO Markus Braun and other managers are currently in custody. The damage that Wirecard has caused is far greater than the EUR 1.9 billion that it embezzled. Unfortunately, most of the creditors will no longer see any of their money.

Even if the share is still in circulation and, in some cases, is still being traded, we advise investors to invest their capital in other shares. The risk with Wirecard shares is simply too high, and there is a risk of total loss. One thing is certain: Wirecard shares are worthless and will sooner or later go under.

 

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FAQs

Anyone who specializes in day trading and likes to speculate on falling and fluctuating prices could still buy Wirecard shares. Nevertheless, we generally advise against buying Wirecard shares as they are practically worthless.

Most likely not. Even if the share experienced a brief high in January 2021, it is now in the cent range. Since Wirecard is insolvent and dissolved, sooner or later there will be no more Wirecard shares.

In the article, some ways are presented how you can quickly get hold of your own Wirecard share. If you do not want to purchase the share directly, you also have the option of using CFDs to bet on rising or falling prices.

On 07 January 2021, Frankfurt Stock Exchange announced the termination of trading of Wirecard AG shares on the marketplace XETRA (XETR). According to the contract specifications of Eurex Deutschland, this will also lead to the termination of trading of Options and Futures on Wirecard AG shares.

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