DeltaStream broker review - Forex scammers!Paul Roberts 09 / April / 22 Visitors: 282
Online broker DeltaStream, which operates in England, is considered a scammer with a tarnished reputation.
If we get to the official website of DeltaStream - Deltastream.ltd, we will find that this company provides intermediary services for Forex trading in the UK. DeltaStream also provides trading software.
Our employees analyzed the DeltaStream website, got acquainted with the terms of action, made a trip to get at least demo access to the programs, investigated the existence of official papers, the region of registration of the company.
With this data, we will know: Is DeltaStream a scam or not?
We will also explain to you how not to fall for the hook of scammers, about their ways of working. We will give you all the information you need to keep your finances safe.
DeltaStream is based offshore
The main signal that Deltastream.ltd is criminals is the state of registration. The organization is officially registered in the Marshall Islands, which is already in doubt, since it operates in the UK. Offshore countries attract the attention of scammers due to the lack of laws and oversight.
Also, this region does not have the authority to work on Forex.
In addition, when our experts tried to find the address, data on the owners and directors of DeltaStream, they could not find anything.
This suggests that DeltaStream is a shadow Internet broker, cooperation with which will result in serious financial losses.
Lack of information about the owners of Deltastream.ltd
After examining the official website, our experts failed to find reliable information about the directors of Deltastream.ltd. No address, no phone number or any other way to get in touch.
Usually, this means that the actual leaders are trying to hide their identities in order to elude the answer for the crimes. And even if you manage to catch one of the DeltaStream employees, then everything will end there, and the organizers of the criminal company will remain at large.
DeltaStream, website - DeltaStream, is less than a month old
The website Deltastream.ltd talks about a lot of experience in the Forex market.
The most common method of researching a website is to obtain information about its domain name. Basically, they indicate the age of the domain name, the contact information of its owner.
In our case, the DeltaStream domain is valid for less than thirty days, and information about the legal or natural person owning it is hidden. Another evidence that the DeltaStream management is trying to preserve its incognito.
This desire can be supported, but not when it comes to a financial institution that works as an intermediary between the client and the Forex financial market.
At the same time, DeltaStream assure their potential clients that they have been successfully working in Forex for many years.
DeltaStream has no demo period
It is a common practice for Internet brokers to provide users with a test version of their software so that they get acquainted with the interface, try out the possibilities in operations on the Forex financial market with virtual money.
Unfortunately, on the website Deltastream.ltd, we did not find any mention of a test period, an opportunity to try out the software.
We assume that DeltaStream's directors are simply not going to give customers trial access to their software, as some of them may begin to suspect a scam.
Online broker DeltaStream operates with a negative account
Registered firms that operate in Forex do not use a negative account in their work. In accordance with the laws, the user of the broker is not able to spend more now is on his balance sheet. In situations where the balance goes into a negative value, the debt must be repaid not by the trader, but by the company that has provided its services.
Therefore, honest online brokers do not use a negative account in their work.
Nevertheless, DeltaStream offers its traders operations on Forex with a negative account, that is, on credit.
Why is it necessary?
In order to drive the client into a minus and start paying off the debt from him. This is one of the most commonly used scam methods used by scammers.
If this happens, you need to remember that scammers have no way to get money under British law. Any means of influencing customers is considered criminal. The most that the bandits can do is to disturb with calls, write letters with demands.
It is impossible to work with Deltastream.ltd, because all agreements will result in new losses.
Deltastream.ltd operate with a leverage of 1 to 400 or more
At this point, it's clear that DeltaStream are scammers. Nevertheless, let's pay attention to one nuance, namely the presence of an excessively large credit leverage.
The credit ratio is the ratio of money of traders and Internet brokers at the conclusion of a trading operation. This allows traders who do not have sufficient funds with them to close significant trades.
In order to protect users of the Forex financial market, in developed countries, the current laws provide for the use of a credit ratio with a maximum ratio of one to thirty, in rare cases 50.
At the same time, DeltaStream applies a credit ratio of 1 to four hundred for operations on the Forex market.
Such a ratio is allowed in Switzerland, since organizations registered in this state enjoy considerable confidence. However, DeltaStream is not registered in this country.
In fact, DeltaStream is not authorized to conduct Forex transactions with such a credit ratio, due to the high risk for clients. Actually, this is used solely to force the client to transfer as much personal money as possible, but also to drive him into debt.
Local DeltaStream Branches
It is considered solid for a company to have local branches in civilized regions, even if the activity is carried out exclusively in Britain. Therefore, DeltaStream talks about the fact that, in addition to many awards, there are local offices in England, Australia and other civilized countries, as well as about thousands of competent specialists.
Checking the reality of these representations is elementary. Since the sectoral structures that control the work of brokers are known. In England it's FCA, and in Australia it's ASIC.
Because of this, a legal organization must have supporting papers from these or other organizations that will confirm their right to provide services for trading in the Forex market, indicate the degree of responsibility.
Nevertheless, having studied specialized sites, our specialists did not find them. This once again confirms the fears.
For registration on Deltastream.ltd, you need to transfer confidential data
As we said earlier, DeltaStream does not have a trial period and therefore, in order to gain access, you must immediately pay the minimum deposit to DeltaStream scammers. In addition, access to the Deltastream.ltd personal account is possible only if the client has successfully passed the verification.
This means that DeltaStream requires users to submit information such as:
- Information about an individual (passport, driver's license, etc.);
- Information about the permanent place of residence (payments for utilities);
- Information about qualifications, experience, place of work.
In addition, during the first transfer, scammers can gain access to personal account information.
Combined, this information can enable fraudsters to swipe a loan for a client, or to carry out other criminal frauds.
Since for registration on the official website of Deltastream.ltd, you need to send your personal information, our employees did not get access to the DeltaStream personal account, as well as applications for making money on the Forex financial market.
Opinions about DeltaStream
An important point of exposing DeltaStream is the analysis of user reviews.
A detailed study of the search results yielded the following data:
- Most of the reviews and references to DeltaStream on the web are lies. These are the same positive mentions of the custom type;
- All real reviews about DeltaStream are negative. Our experts could not identify plausible reviews and comments from Deltastream.ltd clients, which report earnings, successful work.
- Negative mentions and comments are caused by fraudulent activities, theft of finances, special creation of debt.
Therefore, reviews about DeltaStream say that this online broker is a scammer.
Contact information and official papers DeltaStream
Studying the information on Deltastream.ltd, our experts found a lot of dubious digital documents that can be easily made using a graphic editor. They are not confirmed by official companies, which means they cannot be trusted.
If a broker is not associated with regulatory companies, then its users simply have nowhere to turn for help.
On the "Contacts" page, our experts found a phone number. It turned out that it had already been used by an illegal online 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 analyzing the user agreement on the official website of DeltaStream, our employees did not find clear information about the methods of withdrawing funds. At the same time, our experts found a mention of fees for a long period of inactivity of the account, but did not find information about the amounts. Since criminals do not work in the legal field, it will not be possible to cancel these requisitions.
Because of this, if a trader stops working with DeltaStream, they can start calling and writing messages demanding to pay a fine.
How does DeltaStream work?
The method of searching for new clients that DeltaStream uses is also alarming.
For promotion, fake social media accounts are used, in which fake people spread information about how they instantly managed to get income by earning on the Forex market using DeltaStream. Bots expose expensive cars and real estate, trips to resorts, and other manifestations of a prosperous life.
They guarantee instant profit growth, for which it is not necessary to learn or make efforts.
If a potential user gets in touch with criminals, DeltaStream managers report about the reality of instant profit, as well as about some unique features of their programs that will make it possible to instantly withdraw large earnings.
Further, various tricks are used to work, allowing you to get the maximum amount of deposits from the trader. For example, you may be drawn with fake profits to inspire you to transfer more finances.
If work on Forex becomes unprofitable, the manager will offer to transfer more to close the losses.
DeltaStream employees act according to scripts developed by qualified psychologists. Criminals analyze user information in order to influence specific places and get even more money.
As a result, everything will lead to one of the options:
- When you want to receive investments before you find yourself in the red, you will be fined, your account will be closed, and everything will be done to make you pay more;
- When you let the scammers drive the balance into debt, threats will begin, the bandits will extort you to pay the fake debt.
Another way to earn income for DeltaStream can be the sale of your personal data to third parties. We think that, after that, it is possible to buy comprehensive information about you for a moderate amount of money on some anonymous telegram channel on the darknet.
It is likely that because of this, various scammers, sales managers, etc. will begin to write to you more often. In addition, it is worth waiting for letters from Deltastream.ltd accomplices who will offer to “receive” the lost money, of course, for a fee.
Since DeltaStream does not operate in a regulated field and maintains anonymity, they cannot be held liable under the law in England. The leaders of the shadow company are diligently hiding and in the best case, law enforcement agencies will be able to capture one of the "workers".
Can DeltaStream be trusted?
Only if you plan to transfer finances to scammers, then transfer them to a good cause.
Let's briefly voice the evidence indicating that DeltaStream are bandits:
- Lack of official registration;
- No demo period;
- There is no information about the owners of the company;
- Phone number found in illegal transactions;
- Negative balance;
- Credit ratio greater than 1 to fifty;
- Negative reviews;
- Inaccurate data on the official website.
Full review of DeltaStream - completed. Obviously DeltaStream are scammers.
Paul Roberts 51 years old Born in Edinburgh. Married. Studied at University of Oxford, Department of Public Policy and Social Work. Graduated in 1997. Works at Standard Life Aberdeen plc.