DeltaStream is a dishonest broker. Forex Scam Overview
By The Forex Review - 09 / April / 22 695
Dominick Bell
Online broker DeltaStream, operating in England, is a criminal with a damaged reputation.
When we go to the official website of DeltaStream - Deltastream.ltd, we will find that our company provides services for operations on the Forex market in the UK. In addition, DeltaStream provides services for trading operations.
Our employees analyzed the DeltaStream website, familiarized themselves with the terms of action, tried to get at least demo access to the services, looked at the existence of securities, the region where the company was registered.
With the help of the received data, we will figure out: Is DeltaStream a scam or not?
In addition, we will explain to you how not to fall for the hook of scammers, about their methods of action. We will give you all the information you need to keep your finances safe.
DeltaStream is offshore
A serious sign that says that DeltaStream is bandits is the state of registration. Officially, the company is registered in the Marshall Islands, which is already suspicious, since Deltastream.ltd operates in England. Offshore regions attract the attention of scammers due to the lack of legislation and regulation.
In addition, this country does not have the authority to trade in the Forex market.
In addition, when our experts tried to find a physical or legal address, mentions of the owners and directors of Deltastream.ltd, they could not reveal anything.
This already hints that Deltastream.ltd is a fake online broker, cooperation with which will result in big financial losses.
No management information found Deltastream.ltd
After examining the site, our experts could not find any truthful information about the owners of the organization Deltastream.ltd. No physical or legal address, no telephone or other methods to get in touch.
Usually, this means that the current leaders are trying to hide data about themselves in order to elude responsibility for their actions. And even if you manage to catch one of the DeltaStream managers, then everything will end with this, and the organizers of the fraudulent organization will remain at large.
DeltaStream, website - DeltaStream, has existed for less than thirty days
The Deltastream.ltd website talks about the extensive experience in the Forex financial market.
The main way to check the official site is to obtain information about its domain. Most often, they contain the age of existence of the domain name, information for the owner's communication.
In a specific case, the DeltaStream domain name has been operating for less than 30 days, and the information about the individual who owns it is classified. Another proof that the organizers of DeltaStream are trying to keep incognito.
This desire can be supported, but not in those cases when it comes to a company working as an intermediary between a client and Forex.
At the same time, Deltastream.ltd assures its potential clients that they have been working effectively in the Forex market for many years.
Deltastream.ltd does not have a demo period
It is a common practice for online brokers to give clients a test version of the services so that they get acquainted with the interface, try their hand at trading in the Forex financial market with fake money.
Unfortunately, on the DeltaStream website, we could not find information about the demo period, the ability to test the software.
Most likely, the owners of Deltastream.ltd company are most likely not going to give customers test access to paid software, as someone may begin to suspect a scam.
Online broker DeltaStream operates with a negative balance
Official organizations that trade in the Forex financial market do not use a negative account in their activities. In accordance with the laws, the broker's trader is not able to spend more now in his account. In those rare cases when the balance goes negative, the loan will have to be repaid not by the trader, but by the company offering the services.
Therefore, official online brokers do not use a negative balance in their activities.
And yet, DeltaStream gives its users Forex operations with a negative balance, that is, on credit.
What is it for?
To drive the trader into debt and debt from him. This is one of the most popular fraud methods used by financial scammers.
If this happens, you need to know that the deceivers have no way to get finance under British law. All methods of pressure on customers are considered criminal. The maximum that scammers are able to do is call, write messages with demands.
You cannot work with Deltastream.ltd, as any attempts to negotiate will result in expenses.
DeltaStream operate with a credit ratio of 1 to four hundred or more
Already now, it becomes obvious that DeltaStream are criminals. However, let's pay attention to one fact, namely, the presence of too much leverage.
Credit ratio refers to the ratio of money users and brokers at the conclusion of the transaction. It allows significant trades to be made by traders who do not have the appropriate amounts available.
In order to protect users of the Forex financial market, in civilized countries, legislation requires the use of a credit ratio with a maximum ratio of one to thirty, sometimes fifty.
At the same time, DeltaStream uses a credit leverage of one to four hundred for trading on the Forex financial market.
A similar ratio is allowed in Switzerland, since organizations registered in this country are highly trusted. But DeltaStream is not registered in this country.
In fact, DeltaStream is not allowed to trade in the Forex market with such leverage, due to the high risk for clients. Actually, this is used to force the trader to transfer more of his own finances, but also to drag him into debt.
DeltaStream regional offices
It is considered prestigious for every financial institution to have local offices in developed regions, even if the activity is carried out only in Britain. So DeltaStream reports that in addition to a significant number of awards, they have regional offices in England, Australia and other developed regions, as well as thousands of competent specialists.
It is easy to check the reality of these divisions. Since there are specialized structures that control the actions of Internet brokers. In the UK it's FCA, in Australia it's ASIC.
Accordingly, a law-abiding organization is required to have supporting documents from these or other structures that will confirm their authorized right to provide trading services on the Forex market, indicate the level of responsibility.
However, after analyzing the profile websites, we could not find them. Which once again confirms the suspicions.
For registration on Deltastream.ltd, it is necessary to transfer confidential data
As we said earlier, DeltaStream does not have a trial period, and because of this, in order to gain access, you must immediately transfer the minimum deposit to DeltaStream scammers. In addition, access to the Deltastream.ltd personal account is possible only upon successful completion of identity verification.
This means that DeltaStream requires its users to provide information such as:
- Information about an individual (passport, birth certificate);
- Information about the permanent place of residence (receipt for utilities);
- Information about the place of work, qualifications, experience.
In addition, during the initial transfer, scammers are able to gain access to bank card information.
Together, this data can enable fraudsters to hang a loan on a gullible client, or carry out other illegal operations.
Since you need to submit your personal data to register on the Deltastream.ltd website, our specialists did not get access to the DeltaStream personal account or Forex trading software.
Opinions about DeltaStream
An extremely important point of exposing DeltaStream is the study of user reviews.
A detailed analysis of the results in search engines allowed us to obtain the following information:
- Most mentions and reviews of DeltaStream on the net are false. These are the same type of positive reviews and mentions of a custom character;
- All real reviews about DeltaStream are negative. We could not find reviews and comments from users of Deltastream.ltd, which would talk about a large income, effective trading.
- Negative mentions and comments are related to illegal activities, theft of finances, special creation of debt.
Therefore, real reviews about DeltaStream indicate that this online broker is a scammer.
Contact details and official papers DeltaStream
By studying the information on Deltastream.ltd, our experts have identified many dubious digital official documents that can be easily made using a graphic editor. They are not confirmed by official firms, which means they cannot be trusted.
If an online broker is not associated with regulatory organizations, then users simply have nowhere to turn for help.
On the "Contacts" page, our experts identified a phone number. It turned out that it had already been used by an illegal internet broker. There are also many reviews on the network about fraudulent activities related to the phone number listed on Deltastream.ltd.
Withdrawing money from Deltastream.ltd
Are you going to make money with the help of the Forex market online broker? Make sure you can take money from him.
After studying the client agreement on the DeltaStream website, our experts did not find clear information about the ways to withdraw the money earned. We also found a mention of fees for the lack of activity of a personal account, but did not find data on their amounts. Since swindlers do not operate in a legal field, it will not be possible to protest these fines.
Therefore, if a trader has completed work with DeltaStream, they can call and write messages demanding to pay off the fine.
How does DeltaStream work?
Suspicious and the way to search for users, which uses DeltaStream.
For promotion, fake social media accounts are used, in which fake bloggers spread information about how they instantly managed to get rich by making transactions in the Forex market through DeltaStream. Advertising profiles showcase expensive cars and houses, travel to resorts and other signs of a prosperous life.
Bots guarantee instant profit growth, for which you do not need to learn or make a lot of effort.
When a potential client gets in touch with them, DeltaStream employees talk about the reality of instant income, and also about the unique features of their programs, which will allow you to immediately withdraw a large profit.
Further, various techniques are used to make it possible to receive maximum funds from the client. For example, a client may be drawn with fake profits to inspire them to invest more.
If the work on the Forex financial market turns out to be negative, the manager will recommend investing even more to compensate for the losses.
DeltaStream employees work according to guidelines created by professional psychologists. Scammers analyze information about a trader in order to put pressure on specific places, to pull out more investments.
In any case, it all comes down to one of the options:
- If you want to get finance before you find yourself in the red, you will draw fees, freeze the money invested, and do everything to force you to transfer more;
- When you let the bandits drive the balance into debt, threats will begin, criminals will begin to demand payment of a fake debt.
Another method to earn income for DeltaStream can be the transfer of your personal information to third parties. We assume that, as a result, information about you can really be bought for a moderate amount on some anonymous Telegram channel on the shadow Internet.
It is likely that as a result of this, various scammers, managers, etc. will begin to call you more often. You can also wait for messages from colleagues Deltastream.ltd, who will offer a "return" of lost deposits, of course, for a reward.
Since DeltaStream does not operate in the official field and preserves incognito, Deltastream.ltd cannot be forced to comply with the law in Britain. The owners of the shadow company are diligently hiding and in the best case, the legitimate authorities will be able to catch one of the "employees".
Should you trust DeltaStream?
Never!
Only if you are going to give the bandits money, then spend it on a good cause.
Let's briefly list the evidence that says that DeltaStream are scammers:
- Lack of official registration;
- No trial period;
- There is no information about the owners of the company;
- Phone revealed in shady schemes;
- Negative balance;
- Credit ratio greater than 1 to fifty;
- Negative reviews;
- False information on the website.
This completes the DeltaStream review. It is clear that DeltaStream are criminals.
For your safety, we have compiled a blacklist of brokers.
