DeltaStream - Forex scammers! Broker Review
DeltaStream, an online broker operating in England, is a scam with a tarnished reputation.
If we get to the official website of DeltaStream - Deltastream.ltd, we will find out that this company provides intermediary services for operations on the Forex market in the UK. In addition, DeltaStream provides services for trading activities.
Our experts examined the DeltaStream website, got acquainted with the working conditions, made attempts to get at least demo access to the services, examined the availability of official documents, the region of the company's registration.
With this data, we will find out: Is DeltaStream a scam or not?
We will also tell you how not to fall into the trap of scammers, about their ways of working. We will tell you all the information you need to keep your finances safe.
DeltaStream organization based offshore
The main sign indicating that Deltastream.ltd is a scammer is the country of residence. The organization is documented in the Republic of the Marshall Islands, which is already doubtful, since the company operates in Britain. Offshore states are popular with criminals due to the lack of laws and executive power.
In addition, this region does not have the authority to operate on the Forex financial market.
Moreover, when our employees tried to find the address, information about the owners and management of Deltastream.ltd, they failed to find anything.
This already hints that Deltastream.ltd is a shady online broker, interaction with which will result in significant financial losses.
No DeltaStream owner information found
After examining the website, our experts were unable to identify plausible data about the owners of DeltaStream. No physical or legal address, no phone numbers or other means of communication.
Basically, this means that the owners are trying to hide information about themselves in order to elude responsibility for their actions. Even if you manage to catch one of the DeltaStream managers, then everything will end there, and the actual owners of the fraudulent organization will remain at large with money.
DeltaStream, website - Deltastream.ltd, is less than a month old
The Deltastream.ltd website speaks of significant forex experience.
The most common way to check the official site is to obtain data about its domain name. Basically, they indicate the age of the domain name, information for contacting the owner.
In this case, the Deltastream.ltd domain name exists for less than thirty days, and all information about the individual who owns it is hidden. Another proof that the owners of DeltaStream are trying to protect their incognito.
This desire can be accepted, but not when it comes to a financial institution that works as an intermediary between a client and Forex.
At the same time, DeltaStream themselves assure their potential clients that they have been successfully working in the Forex market for quite a long time.
DeltaStream has no demo period
It is a common practice for Internet brokers to give clients a demo version of the software so that they can get familiar with the interface and try out Forex trading opportunities with virtual money.
Unfortunately, on the DeltaStream website, we could not find any mention of a trial period, an opportunity to test the software.
Probably the organizers of the Deltastream.ltd company most likely do not plan to provide traders with test access to paid software, since someone may suspect something is wrong.
Internet broker DeltaStream operates with a negative score
Registered companies that trade on the Forex financial market do not use a negative balance in their work. By law, a broker user is not able to spend more now on his balance sheet. In rare situations, when the account still goes into negative territory, the loan must be repaid not by the client, but by the company that provided the services.
Because of this, registered brokers do not use a negative balance in their activities.
However, Deltastream.ltd gives its clients Forex transactions with a negative account, that is, on credit.
Why is this needed?
In order to drive a trader into a loan and repay the loan. This is one of the most common methods of deception used by financial bandits.
If this has already happened, you need to know that scammers do not have the opportunity to receive investments under the laws of England. Any methods of pressure on customers are considered illegal. The most that the bandits can do is to disturb with calls, send out letters with demands.
It is impossible to work with DeltaStream, since all agreements will turn into new losses.
DeltaStream operate with a credit ratio of one to four hundred or more
Already, it is clear that DeltaStream are criminals. However, let's pay attention to another fact, namely, the presence of too much leverage.
Leverage is the ratio of the finances of clients and brokers when making a transaction. Leverage makes it possible to close large transactions for users who do not have large amounts of money.
In order to protect the clients of the Forex market, in developed regions, the current legislation provides for the use of a credit ratio with a maximum ratio of 1 to 30, in exceptional cases fifty.
At the same time, DeltaStream uses a credit leverage of one to four hundred for trading on the Forex financial market.
This ratio is allowed in Switzerland, as firms registered in this country enjoy high confidence. However, DeltaStream is not registered in this country.
In fact, DeltaStream cannot operate in the Forex financial market with such a credit ratio, due to the high risk for users. Actually, this is only used to force the trader not only to invest more money, but also to drive him into debt.
DeltaStream regional divisions
It is considered important for every financial organization to have local branches in civilized states, even if the activities are carried out exclusively in the UK. Therefore, DeltaStream informs that in addition to a significant number of awards, there are regional offices in England, Australia and other civilized countries, and in addition, a large number of competent employees.
It is easy to check the availability of these offices. Since profile structures are known that regulate the actions of online brokers. In England it's FCA, and in Australia it's ASIC.
Therefore, the official company must have permits from these or other structures that confirm their permitted right to provide services for making money on the Forex financial market, to regulate the level of responsibility.
However, having studied industry official websites, our experts did not find them. Which once again confirms the fears.
For registration on Deltastream.ltd, it is necessary to transfer personal data
As we mentioned earlier, DeltaStream does not have a demo period and, accordingly, in order to gain access, you must immediately transfer the minimum deposit to DeltaStream scammers. Also, to get access to the personal account of Deltastream.ltd, it is really only when passing the verification of the client.
This means that DeltaStream requires its users to provide information such as:
- Information about an individual;
- Information about the permanent place of residence (scans of utility bills);
- Information about the place of work, qualifications, experience.
In addition, during the initial transfer, criminals can gain access to bank account information.
Together, this data can allow scammers to hang a loan on a gullible trader, or carry out other illegal frauds.
Since registration on the Deltastream.ltd website requires the transfer of confidential information, our experts did not get access to the DeltaStream personal account and Forex trading software.
Opinions about DeltaStream
An extremely important point of exposing DeltaStream is the analysis of customer feedback.
A detailed study of the search results yielded the following data:
- Most of the references to DeltaStream on the Internet are lies. These are similar positive reviews and comments of a paid nature;
- All real mentions and comments about DeltaStream are negative. We could not find any mentions from former users of Deltastream.ltd that would mention income, successful trading.
- Bad mentions are associated with fraudulent activities, theft of money, artificial creation of debt.
Therefore, reviews of DeltaStream indicate that this Internet broker is a criminal.
Contact information and official papers DeltaStream
Studying the information on Deltastream.ltd, our experts saw a lot of dubious digital official papers that can be easily made using a graphic editor. They are not confirmed by official firms, which means they cannot be trusted.
If an Internet broker is not associated with regulatory firms, then its users simply have nowhere to turn for help.
On the "Contacts" page, our experts saw a phone number. It turned out that it had already been used by an illegal 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 Forex online broker? Make sure you can take money from him.
Studying the client agreement on the DeltaStream website, we did not see specific information about the ways to withdraw the money earned. In addition, we found a description of fees for the inactivity of a personal account, but there was no information about their amounts. Since the criminals do not act in the legal field, it is impossible to protest these requisitions.
Therefore, even if the client has completed cooperation with DeltaStream, they can call and send messages demanding to pay a fine.
How does DeltaStream work?
Causes concern and the method of finding new customers, which uses DeltaStream.
For promotion, fake social media profiles are used, in which non-existent people talk about how they instantly managed to get rich by trading on the Forex market through DeltaStream. Fakes show expensive cars and real estate, travel to resorts, and other manifestations of a prosperous life.
Bots promise a rapid increase in income, for which you do not need to learn or make efforts.
If a client gets in touch with scammers, DeltaStream employees confirm the possibility of a quick profit, and besides, about the unique features of their programs, which allow you to instantly get a lot of money.
Then various tricks come into play to get the maximum amount of investment from the user. For example, you may be drawn with fake profits to inspire you to invest even more money.
When work on Forex turns out to be unprofitable, a representative of the organization will recommend transferring more in order to compensate for the minus.
DeltaStream managers act according to guidelines developed by skilled deceivers. Criminals study data about a trader in order to act on specific places, to lure out more money.
As a result, everything will come to one of the options:
- If you are going to withdraw money before you find yourself in loans, you will be charged fines, assets will be closed, and everything will be done to make you pay more;
- When you give the criminals the opportunity to drive the balance into debt, threats will fall, the bandits will begin to demand payment of a fake loan.
Another method to earn income for DeltaStream can be the transfer of your confidential information to interested companies. Most likely, as a result, exhaustive information about you will actually be bought for a modest amount of money on some anonymous service on the shadow Internet.
Surely, because of this, various bandits, sellers, etc. will start calling you. It is also worth waiting for messages from DeltaStream's accomplices, who will offer a "return" of lost money, of course for a fee.
Since DeltaStream does not operate in an official field and remains incognito, they cannot be forced to respond under current law in Britain. The owners of the fraudulent company carefully disguise themselves and, in the best case, the police will be able to arrest one of the "managers".
Can DeltaStream be trusted?
In no case!
If you are going to give finances to criminals, then spend them on a good deed.
Let's briefly list the facts that say that DeltaStream are bandits:
- Lack of official registration;
- No trial period;
- Lack of information about the owners of the company;
- Phone number is seen in fraudulent transactions;
- Negative balance;
- Credit ratio greater than 1 to fifty;
- Negative reviews;
- Invalid data on the website.
Detailed review of DeltaStream - over. It is clear that DeltaStream are bandits.