Broker DeltaStream - scammers, Forex scam review
Online broker DeltaStream, operating in the UK, is considered a scammer with an unclean reputation.
When we go to the official website of DeltaStream - Deltastream.ltd, we find out that the company under study offers Forex trading services in England. DeltaStream also offers software for financial transactions.
Our employees looked at the DeltaStream website, got acquainted with the terms of operations, tried to get at least demo access to the software, investigated the availability of official papers, the place of registration of the company.
With the help of the received data, we will find out: Is DeltaStream a scam or not?
In addition, we will explain to you how not to fall for the bait of scammers, about their methods of operations. We will provide you with all the information you need to keep your money safe.
DeltaStream organization based offshore
The first signal that says that Deltastream.ltd are scammers is the state of registration. The company is officially registered in the Marshall Islands, which is already suspicious, since it operates in England. Offshore states are popular with criminals due to the lack of legislation and control.
Moreover, this country does not have the authority to trade in the Forex financial market.
Also, when our specialists tried to find the physical address, data about the owners and management of Deltastream.ltd, they could not find anything.
This already demonstrates that Deltastream.ltd is an illegal broker, interaction with which will result in large financial losses.
No DeltaStream organizer information found
After examining the site, our experts could not find any truthful information about the owners of DeltaStream. No legal address, no phone numbers or other methods of contact.
As a rule, this means that real directors try to hide their identities in order to avoid answering for their crimes. And even if you manage to contact one of the DeltaStream employees, then everything will end there, and the organizers of the criminal firm will remain free.
DeltaStream, website - Deltastream.ltd, is valid for less than 30 days
The Deltastream.ltd website speaks of serious experience in the Forex financial market.
The most common way to check any web site is to obtain information about its domain. Usually, they contain the duration of the domain name, information for contacting its owner.
In this case, the DeltaStream domain is valid for less than 30 days, and the information about the person who owns it is hidden. Another indication that the director of DeltaStream is trying to remain anonymous.
This desire can be accepted, but not in those cases when it comes to a company acting as an intermediary between a trader and Forex.
At the same time, Deltastream.ltd themselves assure their users that they have been trading effectively on Forex for many years.
DeltaStream does not have a demo period
It is a normal practice for brokers to give clients a test version of their software so that they can get acquainted with the interface, try their hand at playing the Forex financial market with virtual money.
Unfortunately, on the DeltaStream website, we could not find information about the trial period, the opportunity to try out the programs.
Most likely, the management of the DeltaStream organization is simply not going to give traders demo access to a paid service, since someone is able to begin to suspect a scam.
Broker DeltaStream works with a negative account
Legal firms that trade in Forex do not use a negative account in their activities. According to the law, a trader of an online broker cannot spend more than he currently has on his account. In those rare situations when the account goes into negative territory, the debt will have to be repaid not by the user, but by the company that offered the services.
Therefore, honest Internet brokers do not use a negative account in their work.
Nevertheless, Deltastream.ltd offers users Forex operations with a negative balance, that is, on credit.
What is it for?
To drive the client into debt and start indebtedness from him. This is one of the most commonly used methods of deception used by scammers.
If this happened, you need to know that scammers have no way to collect money in accordance with the laws of Britain. Absolutely all methods of pressure on customers are illegal. The maximum that scammers are able to do is call, send out letters with demands.
You cannot cooperate with Deltastream.ltd, as attempts to reach an agreement will result in losses.
Deltastream.ltd operate with a credit ratio of one to four hundred or more
Already now, it becomes clear that DeltaStream are swindlers. However, we point out another nuance, namely the presence of an extremely high leverage.
Leverage is the ratio of money users and online brokers make when making a transaction. This allows significant trading transactions to be carried out by users who do not have large amounts freely available.
In order to protect clients in the Forex financial market, laws in civilized regions require the use of a credit ratio with the highest ratio of 1 to thirty, in rare cases fifty.
At the same time, DeltaStream applies a leverage of 1 to 400 for operations on the Forex market.
This attitude is allowed in Switzerland, as companies registered in this country enjoy considerable credibility. But DeltaStream is not registered in this state.
In fact, DeltaStream does not have the right to operate in the Forex market with such a credit ratio, due to the high risk for clients. Accordingly, this is done solely to force the user to invest as much of his own money as possible, but also to drive him into debt.
Local DeltaStream Offices
It is considered prestigious for any company to have regional offices in developed regions, even if the work is carried out only in the UK. Therefore, DeltaStream talks about the fact that in addition to a large number of awards, there are local divisions in the UK, Australia and other civilized countries, and also about thousands of competent specialists.
It is quite easy to check the reality of these subdivisions. Since specialized organizations are known that regulate the work of Internet brokers. In the UK it's FCA, and in Australia it's ASIC.
That is, an official company must have official documents from these or other structures that will prove their authorized right to provide services for trading operations in the Forex financial market, regulate the degree of responsibility.
And yet, after checking specialized websites, our experts could not find them. Which once again confirms the suspicions.
For registration on Deltastream.ltd, it is necessary to transfer confidential data
As we reported earlier, DeltaStream does not have a demo period, and therefore, in order to gain access, you must immediately transfer the minimum payment to DeltaStream criminals. In addition, access to the personal account of Deltastream.ltd is only possible upon completion of identity verification.
This means that DeltaStream requires users to submit information such as:
- Information about an individual (passport, driver's license, etc.);
- Data on the permanent place of residence (receipt for a communal apartment);
- Data about qualifications, experience, place of work.
In addition, during the first transfer, the bandits can access the card data.
As a result, this data may enable criminals to hang a loan on a client, or carry out other criminal operations.
Since you need to send your confidential data to register on the Deltastream.ltd website, our experts could not get access to the DeltaStream personal account, as well as applications for making money on the Forex financial market.
Opinions about DeltaStream
An extremely important step in exposing DeltaStream is the analysis of traders' feedback.
A thorough study of the issuance in search engines gave us the following data:
- Most of the reviews and mentions of DeltaStream on the Internet are lies. These are the same positive mentions and custom-made comments;
- All real reviews and references to DeltaStream are negative. Our experts could not find any credible testimonials from former users of Deltastream.ltd, which speak of profit, efficient trading.
- Bad mentions are associated with illegal activities, theft of deposits, artificial creation of credit.
Therefore, real reviews about DeltaStream indicate that the online broker in question is a criminal.
Contact information and white papers DeltaStream
While researching information on Deltastream.ltd, our staff found a lot of questionable digital white papers that can be easily made using a graphic editor. They are not confirmed by official companies, which means they cannot be trusted.
If an Internet broker is not associated with regulatory organizations, then clients simply have nowhere to turn for help.
On the "Contacts" page, we saw 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 financial market Forex online broker? Make sure you can take money from him.
After analyzing the client agreement on the official website of DeltaStream, our employees did not reveal clear information about the ways to withdraw funds. In addition, our experts identified the mention of fines for the inactivity of a personal account, but did not find data on their size. Since swindlers do not operate in the official field, it is impossible to challenge these requisitions.
Because of this, if the user has finished working with DeltaStream, they can begin to disturb with calls and send messages demanding to pay a fine.
How does DeltaStream operate?
Causes concern and the method of finding clients, which uses DeltaStream.
For advertising, false profiles on social networks are used, in which non-existent bloggers broadcast about how they instantly managed to make a profit by trading Forex through DeltaStream. Fakes show expensive cars and real estate, travel to resorts and other manifestations of a prosperous life.
Fakes promise instant profit growth, for which you do not need to learn or apply a large amount of effort.
When a trader gets in touch with scammers, DeltaStream employees report the possibility of instant profit, as well as the unique features of their services, which allow you to immediately earn a large income.
Then various tricks are used, making it possible to get as much finance from the client as possible. For example, you may be given a fake profit in order to inspire you to transfer even more finances.
If trading on the Forex market turns out to be negative, a representative of the organization will recommend transferring more to compensate for the loss.
DeltaStream employees act according to scripts created by professional psychologists. Criminals analyze information about a trader in order to put pressure on specific places, to get even more investment.
As a result, all this will lead to one of the options:
- If you decide to withdraw money before you find yourself in loans, you will be fined, your balance will be frozen, and everything will be done to force you to pay more;
- If you allow the bandits to drive the balance into a minus, threats will begin, the bandits will begin to demand payment of a fake loan.
Another way to make money for DeltaStream can be the sale of your personal information to third parties. We think that, as a result, it will be possible to buy complete information about you for a moderate amount of money on some anonymous service on the dark web.
Most likely, as a result of this, all sorts of scammers, sales managers, etc. will call you. It is also worth waiting for messages from colleagues Deltastream.ltd, who will begin to offer a "return" of lost investments, of course, for a fee.
Since DeltaStream does not work in the official field and remains incognito, DeltaStream cannot be forced to respond under applicable laws in England. The leaders of the criminal organization diligently disguise themselves and, at best, law enforcement agencies will be able to arrest one of the "workers".
Is it possible to work with DeltaStream?
Only if you are going to transfer finances to criminals, then give them to a good deed.
Let's briefly list the evidence indicating that DeltaStream are scammers:
- No official registration;
- Lack of demo term;
- There is no information about the owners of the organization;
- Phone number found in criminal schemes;
- Negative balance;
- Credit ratio more than one to 50;
- Bad reviews;
- False information on the official website.
Our DeltaStream review is over. It is clear that DeltaStream are scammers.