DeltaStream - Forex scammers, broker reviewJulius Conley 09 / April / 22 Visitors: 363
Broker DeltaStream, operating in England, is considered a swindler with unclean fame.
When we go to the official website of DeltaStream - Deltastream.ltd, we will find that this organization provides services for operations in the Forex financial market in England. DeltaStream also provides programs for trading actions.
Our specialists analyzed the official website of DeltaStream, got acquainted with the terms of operations, made attempts to get demo access to the services, investigated the existence of official papers, the region where the company was registered.
With the help of the information received, we will figure out: Is DeltaStream a scam or not?
In addition, we will explain to you how not to get caught in the network of deceivers, about their methods of operation. We will provide all the necessary information in order to keep your investments safe.
DeltaStream organization is located in offshore country
A serious sign that says that Deltastream.ltd are criminals is the region of registration. According to the documents, the organization is registered in the Marshall Islands, which is already doubtful, since it operates in Britain. Offshore states are popular with criminals due to the lack of laws and oversight.
Moreover, this region does not have the authority to work on the Forex market.
Moreover, when we tried to identify the legal address, mention of the owners and management of Deltastream.ltd, we could not find anything.
This already demonstrates that DeltaStream is a criminal Internet broker, cooperation with which will result in large financial losses.
Failed to find data about the directors of Deltastream.ltd
After examining the site, we have not been able to find plausible data about the management of DeltaStream. No physical or legal address, phone numbers or other means of communication.
Basically, this means that the actual owners try to hide their identities in order to elude punishment for their actions. And even if you manage to catch one of the DeltaStream employees, then everything will end there, and the actual leaders of the criminal company will remain at large.
DeltaStream, official website - DeltaStream, works less than a month
The site Deltastream.ltd talks about the great experience of operations in the Forex financial market.
The main way to analyze any web site is to obtain information about the domain. As a rule, they contain the age of existence of the domain name, contact details of its owner.
In a specific case, the DeltaStream domain is valid for less than 30 days, and the data on the legal entity that owns it is hidden. Another proof that the organizers of DeltaStream are trying to preserve anonymity.
This desire can be supported, but not when it comes to a company working as an intermediary between the user and the Forex financial market.
At the same time, DeltaStream themselves assure their users that they have been trading effectively on the Forex market for quite a long time.
Deltastream.ltd does not have a demo period
It is a normal practice for Internet brokers to provide traders with a demo version of their services so that they can get acquainted with the interface, try out their skills in operations on the Forex financial market with virtual currency.
Unfortunately, on the Deltastream.ltd website, we did not find information about the trial period, the opportunity to try out the software.
Probably the organizers of the Deltastream.ltd organization are simply not going to provide customers with demo access to a paid service, since one of them may suspect something is wrong.
Broker DeltaStream operates with a negative account
Registered organizations that operate in the Forex financial market do not use a negative balance in their work. In accordance with the laws, a trader of an online broker is not able to spend more than what is currently in his account. In those rare situations when the account goes negative, the loan will be required to be repaid not by the client, but by the organization that provided the services.
Because of this, official brokers do not use a negative balance in their activities.
However, DeltaStream offers clients Forex operations with a negative account, that is, on credit.
Why is this needed?
To drive the user into a loan and demand to pay the debt. This is one of the most popular methods of deception used by criminals.
If this has already happened, you need to know that deceivers do not have the opportunity to knock out investments under UK law. Absolutely all methods of influencing users are illegal. The maximum that scammers can do is call, send messages with demands.
You cannot work with Deltastream.ltd, as all agreements will result in new losses.
Deltastream.ltd operate with a credit ratio of 1 to four hundred or more
Already now, it is clear that DeltaStream are scammers. However, let's pay attention to one more fact, namely the existence of too much leverage.
The credit ratio is the ratio of the finances of traders and brokers when making a trading operation. Leverage makes it possible to make large trading transactions for traders who do not have large sums freely available.
In order to protect Forex clients, laws in developed countries require the use of leverage with a maximum ratio of one to thirty, in rare cases 50.
At the same time, DeltaStream uses a credit ratio of one to 400 for Forex trading.
This ratio is allowed in Switzerland, since firms registered in this state enjoy considerable confidence. But DeltaStream is not registered in this state.
In fact, DeltaStream cannot operate on the Forex market with such leverage due to the high risk for users. So, this is only used to force the client not only to invest more of their finances, but also to drive them into loans.
Local divisions of DeltaStream
It is considered solid for any financial organization to have local offices in civilized states, even if the work is carried out only in the UK. Therefore, DeltaStream informs that in addition to an impressive number of awards, there are local offices in the UK, Australia and other civilized countries, as well as a lot of experienced professionals.
Checking the reality of these divisions is elementary. Since specialized organizations are known that regulate the actions of brokers. In the UK it's FCA, in Australia it's ASIC.
Therefore, a legal firm must have official papers from these or other structures that will confirm their ability to provide services for making money on the Forex financial market, and determine the level of responsibility.
However, after analyzing the industry's official websites, our experts could not find them. Which once again reinforces our suspicions.
For registration on Deltastream.ltd, it is necessary to transfer personal data
As we reported earlier, DeltaStream does not have a trial period, and therefore, in order to gain access, you must immediately pay the minimum payment to DeltaStream scammers. In addition, access to the Deltastream.ltd personal account is possible only when passing identity verification.
This means that DeltaStream requires its users to provide information such as:
- Information about an individual (passport, birth certificate);
- Data on the permanent place of residence (receipt for a communal apartment);
- Data about qualifications, place of work, experience.
In addition, during the initial transfer, criminals can access card data.
Combined, this information could allow gangsters to issue a loan to a client, or carry out other illegal operations.
Since to register on the Deltastream.ltd website, you need to transfer personal data, our employees could not get access to the DeltaStream personal account and applications for transactions in the Forex market.
Opinions about DeltaStream
A very important step in exposing DeltaStream is the analysis of user reviews.
The study of the search results on the Internet allowed us to obtain the following information:
- Most of the DeltaStream reviews on the web are false. These are positive reviews similar to each other and mentions of a custom character;
- All real reviews about DeltaStream are bad. Our experts could not find reviews from Deltastream.ltd clients that would mention profit, effective trading.
- Bad mentions are caused by illegal activities, stealing deposits, creating credit.
Therefore, real reviews about DeltaStream report that this broker is a scammer.
Contact information and documents DeltaStream
Studying the information on Deltastream.ltd, we found a lot of dubious digital papers that can be easily done with the help of 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 firms, then there is simply nowhere for clients 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 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 a Forex broker? Make sure you can take money from him.
Analyzing the user agreement on the official website of DeltaStream, our experts did not reveal clear information about the ways to withdraw money. In addition, our experts found a mention of fines for a long period of inactivity of a personal account, but there was no data on the size. Since criminals do not operate in the legal field, it is impossible to cancel these requisitions.
That is, if a trader has ceased cooperation with DeltaStream, they can call and write messages demanding to pay off the fine.
How does DeltaStream operate?
The method of searching for new users, which uses DeltaStream, also raises concerns.
For promotion, fake accounts on social networks are used, in which fake users broadcast about how they quickly managed to get income by making transactions on the Forex financial market using DeltaStream. Bots demonstrate expensive cars and clothes, travel to resorts and other manifestations of a prosperous life.
Non-existent people promise instant income growth, for which you do not need to learn or make a lot of effort.
If a potential client gets in touch with scammers, DeltaStream managers confirm the reality of rapid income, and in addition, about some unique abilities of their services, which will make it possible to instantly withdraw serious profits.
After that, all sorts of tricks come into play, making it possible to get the maximum amount of finance from the user. For example, the user can arrange a fake profit in order to provoke to invest even more money.
When work on the Forex market is unprofitable, the manager will offer to invest more in order to cover the losses.
DeltaStream employees work according to manuals that were developed by qualified psychologists. Scammers study information about a trader in order to put pressure on vulnerabilities, to pull out even more investments.
In any case, all this will lead to one of the ends:
- When you want to withdraw investments before you find yourself in the red, you will draw fines, freeze assets, and do everything to make you pay more;
- When you let scammers drive the balance into debt, there will be threats, scammers will extort you to pay for a fake loan.
Another method to make a profit for DeltaStream can be the transfer of your personal information to third parties. We think that, as a result, comprehensive information about you can be purchased for a modest amount of money on some anonymous community on the dark web.
It is likely that because of this, various scammers, managers, etc. will call you more often. In addition, it is worth waiting for letters from DeltaStream accomplices who will offer a "return" of lost deposits, of course for a reward.
Since DeltaStream does not operate in a regulated field and remains anonymous, they cannot be forced to respond under the laws in England. The organizers of the shadow company are skillfully disguised and in the best case, the legitimate authorities will be able to figure out one of the "employees".
Can DeltaStream be trusted?
If you plan to donate funds to bandits, then spend them on charity.
Let's briefly voice the evidence indicating that DeltaStream are scammers:
- No official registration;
- No test period;
- Lack of information about the owners of the company;
- Phone number seen in shady schemes;
- Negative balance;
- Credit ratio over 1 to 50;
- Bad reviews;
- False information on the website.
Detailed review of DeltaStream - finished. It is clear that DeltaStream are criminals.
We have compiled a list of brokers, that we recommend avoiding.