Broker DeltaStream - scammers, Forex scam review
09 / April / 22 Visitors: 283
UK-based internet broker DeltaStream is considered a scammer with a tarnished reputation.
When we go to the official website of DeltaStream - Deltastream.ltd, we will read that this organization provides trading services on the Forex financial market in the UK. In addition, DeltaStream offers services for financial transactions.
Our experts looked through the official website of DeltaStream, got acquainted with the terms of action, tried to get demo access to the programs, investigated the availability of official documents, 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 fall for the bait of deceivers, about their work algorithms. We will provide all the necessary data in order to keep your investments safe.
DeltaStream is based offshore
A serious call, saying that Deltastream.ltd are scammers - the state of residence. According to the documents, the company is registered in the Republic of the Marshall Islands, which is already doubtful, since DeltaStream operates in England. Offshore regions attract the attention of swindlers due to the lack of laws and executive power.
Moreover, this region does not have the authority to trade on the Forex financial market.
In addition, when our experts tried to identify the legal address, mentions of the owners and directors of Deltastream.ltd, they could not reveal anything.
This already shows that Deltastream.ltd is a shadow broker, working with which will result in large financial losses.
Could not find information about the owners of DeltaStream
After examining the official site, our staff failed to find reliable information about the organizers of the organization Deltastream.ltd. No addresses, no phone numbers or other means of contact.
As a rule, this means that real directors are trying to hide information about themselves in order to avoid liability for crimes. And even if you manage to expose one of the DeltaStream employees, then this will all end, and the real directors of the criminal organization will remain at large.
DeltaStream, official website - Deltastream.ltd, works less than a month
The official website Deltastream.ltd talks about many years of experience in Forex.
The main method of checking any official site is to obtain information about the domain name. Basically, they indicate the age of the existence of the domain, data for the connection of its owner.
In a specific case, the DeltaStream domain exists for less than thirty days, and all information about the legal entity that owns it is classified. Another evidence that the owners of DeltaStream are trying to preserve their incognito.
This desire can be accepted, but not when it comes to a financial institution acting as an intermediary between the client and the Forex financial market.
In addition to this, Deltastream.ltd assure potential users that they have been working effectively in Forex for many years.
DeltaStream does not have a demo period
It is a common practice for brokers to give traders a test version of their software so that they can get acquainted with the interface, try out their capabilities in operations on the Forex financial market with virtual money.
Unfortunately, on the official website of DeltaStream, we could not find data on the test period, the ability to try out the programs.
Most likely, the organizers of the Deltastream.ltd company are simply not going to provide traders with trial access to a paid service, since some of them are able to suspect a scam.
Internet broker Deltastream.ltd works with a negative account
Legal firms that operate in the Forex market do not use a negative balance in their activities. In accordance with the laws, a trader of an Internet broker is not able to spend more than what is currently on his balance sheet. In those rare cases when the balance still goes negative, the loan must be repaid not by the user, but by the company that has provided its services.
In accordance with this, official online brokers do not apply a negative balance in their work.
Nevertheless, DeltaStream gives its clients work with a negative score, that is, on credit.
What is it for?
To drive the client into credit and debt. This is one of the most commonly used methods of deception used by bandits.
If this has already happened, you need to know that the deceivers have no way to get money in accordance with the laws of England. All methods of pressure on traders are considered illegal. The maximum that the bandits are capable of is calling, writing messages with demands.
It is impossible to cooperate with DeltaStream, as attempts to reach an agreement will result in new expenses.
Deltastream.ltd operate with a leverage of 1 to 400 or more
Already, it becomes obvious that DeltaStream are bandits. However, let's pay attention to one more nuance, namely the existence of excessively high leverage.
The credit ratio is the ratio of money of clients and brokers at the conclusion of a transaction. This makes it possible to make large trading operations for users who do not have enough money available.
In order to protect clients in the Forex market, in developed countries, laws provide for the use of leverage with a maximum ratio of one to thirty, in rare cases fifty.
At the same time, DeltaStream uses a leverage of one to 400 to make money on the Forex financial market.
Such an attitude is allowed in Switzerland, since organizations registered in this country enjoy high confidence. But DeltaStream is not registered in this state.
In fact, DeltaStream cannot work on the Forex financial market with such leverage, due to the high risk for users. So, this is done only in order to force the trader not only to transfer more personal money, but also to drag him into debt.
Local divisions of DeltaStream
It is considered important for any company to have local divisions in civilized countries, even if the work is carried out exclusively in Britain. That's why DeltaStream says that in addition to a significant number of awards, there are local offices in the UK, Australia and other civilized regions, and in addition about thousands of experienced employees.
Checking the reality of these departments is elementary. Since there are specialized organizations that control the actions of online brokers. In the UK it's FCA, and in Australia it's ASIC.
That is, an official organization must have official documents from these or other structures that will prove their ability to provide services for making money on the Forex market, determine the level of responsibility.
However, having studied the profile websites, our employees did not find them. Which once again confirms the fears.
Registration on Deltastream.ltd requires the transfer of personal data
As we said earlier, DeltaStream does not have a demo 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 only possible upon successful completion of user verification.
This means that DeltaStream requires users to submit information such as:
- Information about an individual (passport, birth certificate);
- Data on the permanent place of residence (payments for utilities);
- Information about qualifications, place of work, experience.
In addition, with the initial payment, criminals can gain access to bank account information.
Together, this data can allow the bandits to put a credit on the user, or to carry out other illegal actions.
Since you need to submit personal information to register on the Deltastream.ltd website, our experts did not get access to the DeltaStream personal account and programs for transactions in the Forex market.
Opinions about DeltaStream
An extremely important step in exposing DeltaStream is the analysis of traders' feedback.
A detailed analysis of the search results on the Internet allowed us to obtain the following data:
- Most mentions and reviews of DeltaStream on the Internet are fake. These are the same type of positive reviews and mentions of a custom character;
- All real references to DeltaStream are bad. Our experts were unable to find reliable references from users of Deltastream.ltd, which report a large income, productive activities.
- Bad reviews are associated with criminal acts, stealing finances, creating debt.
Therefore, reviews about DeltaStream indicate that this Internet broker is a criminal.
Contact information and white papers DeltaStream
After analyzing the information on Deltastream.ltd, our experts have found a lot of questionable digital white papers that can be easily done with 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 companies, then its 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 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 a Forex broker? Make sure you can take money from him.
While studying the trade agreement on the DeltaStream website, we did not find clear information about the methods of withdrawing the money earned. Also, our employees found a description of penalties for account inactivity, but there was no data on their amounts. Since the scammers do not work in the official field, it is impossible to protest these fines.
Therefore, even if the client has finished working with DeltaStream, they may begin to disturb with calls and write letters demanding to pay a fine.
How does DeltaStream work?
Causes suspicions and a way to search for new users, which uses DeltaStream.
For promotion, fake social media accounts are used, in which non-existent bloggers spread information about how they quickly managed to make a profit working on Forex using DeltaStream. Non-existent people flaunt expensive cars and clothes, trips to resorts, and other signs of a prosperous life.
Non-existent people guarantee a rapid income for which you do not need to learn or put in a lot of effort.
If a potential client gets in touch with them, DeltaStream employees talk about the reality of instant earnings, as well as some unique abilities of their services, which allow you to immediately make a big profit.
Then all sorts of manipulations are used, making it possible to receive maximum deposits from the client. For example, a user can arrange fake profits in order to provoke even more investments.
If trading on the Forex financial market is negative, the personal manager will offer to invest more in order to compensate for the debt.
DeltaStream employees act according to guidelines that were developed by experienced scammers. Criminals study information about the client in order to act on vulnerabilities, lure out more deposits.
In any case, all this will come to one end:
- If you are going to receive investments before you are in the red, you will be assigned fees, freeze assets, and do everything to force you to pay more;
- If you allow fraudsters to drive the account into debt, there will be threats, the bandits will demand to repay the fake loan.
An additional way to earn money for DeltaStream can be the transfer of your personal information to third companies. We assume that, as a result, detailed information about you can be bought for a small amount of money on an anonymous service on the shadow Internet.
Surely, because of this, all kinds of scammers, sales managers, etc. will spam you more often. You should also wait for calls from Deltastream.ltd accomplices, who will begin to offer the "return" of lost money, of course, for a fee.
Since DeltaStream does not work in an official field and remains incognito, they cannot be forced to be liable under applicable laws in England. The owners of the fraudulent company are carefully hiding and in the best case, the police will be able to figure out one of the "employees".
Can DeltaStream be trusted?
In no case!
If you are going to give money to criminals, then transfer it to a good cause.
Let's briefly list the evidence that says that DeltaStream are criminals:
- Lack of official registration;
- Lack of demo term;
- There is no information about the owners of the company;
- Phone number found in criminal fraud;
- Negative score;
- Leverage greater than one in fifty;
- Negative reviews;
- False information on the website.
Our DeltaStream review is complete. It is obvious that DeltaStream are criminals.