DeltaStream is a dishonest broker. Forex Scam Overview
Online broker DeltaStream, which operates in the UK, is a scam with corrupted fame.
If we get to the official website of DeltaStream - Deltastream.ltd, we will find that our company provides Forex brokerage services in the UK. DeltaStream also offers services for trading activities.
Our experts looked through the official website of DeltaStream, got acquainted with the terms of operations, tried to get at least demo access to the services, studied the availability of papers, the region where the company was registered.
With this data, we will know: Is DeltaStream a scam or not?
In addition, we will tell you how not to fall into the trap of scammers, about their action algorithms. We will provide you with all the information you need to keep your investment safe.
DeltaStream is offshore
The first signal that indicates that Deltastream.ltd are scammers is the state of registration. The company is officially registered in the Republic of the Marshall Islands, which is already in doubt, since DeltaStream operates in England. Offshore regions are popular with scammers due to the lack of laws and oversight.
In addition, this region does not have the authority to trade on the Forex financial market.
In addition, when we tried to find the physical or legal address, information about the owners and management of DeltaStream, we could not find anything.
This demonstrates that DeltaStream is an illegal Internet broker, which can result in serious financial losses.
No information found about organizers Deltastream.ltd
After examining the site, we have not been able to identify true data about the owners of the organization Deltastream.ltd. No address, no phone numbers or other methods to get in touch.
Basically, this means that the actual leaders try to hide themselves 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 real directors of the shadow company will remain at large with money.
DeltaStream, website - Deltastream.ltd, is less than a month old
The official website of DeltaStream talks about significant experience in Forex.
The most common method for checking any site is to obtain data about its domain name. Basically, they indicate the lifetime of the domain name, data for the owner's connection.
In a specific case, the DeltaStream domain name exists for less than 30 days, and the data about the individual who owns it is hidden. Another evidence that the owners of DeltaStream are trying to remain anonymous.
Such a desire can be supported, but not when it comes to a financial firm acting as an intermediary between a trader and Forex.
In addition to this, DeltaStream itself assures potential users that they have been trading Forex effectively for a long time.
Deltastream.ltd does not have a trial period
It is a normal practice for online brokers to give traders a demo version of their services so that they can familiarize themselves with the interface and try out their skills in operations on the Forex financial market with fake money.
Unfortunately, on the DeltaStream website, we did not find information about the demo period, the opportunity to try the program.
We assume that the management of Deltastream.ltd is simply not going to give users test access to paid software, as some of them are able to suspect something is wrong.
Internet broker DeltaStream operates with a negative score
Official companies that operate in the Forex financial market do not use a negative balance in their activities. By law, a broker user is not able to spend more than what is currently on the account. In those situations when the account goes into a negative value, the debt must be repaid not by the trader, but by the company that provided its services.
Because of this, honest brokers do not use a negative account in their activities.
Nevertheless, Deltastream.ltd provides its clients with Forex operations with a negative account, that is, on credit.
What is it for?
In order to drive the user into a loan and require him to repay the loan. This is one of the most popular fraud methods used by financial criminals.
If this has already happened, it must be remembered that the deceivers have no way to get money under British law. Absolutely all methods of pressure on you are criminal. The most that scammers are capable of is calling, writing messages with threats.
It is impossible to cooperate with Deltastream.ltd, as the agreements will turn into new losses.
DeltaStream operate with a loan ratio of 1 to 400 or more
At this point, it becomes clear that DeltaStream are scammers. However, let us point out one fact, namely the existence of an excessively large credit leverage.
Leverage is the ratio of the money of traders and online brokers when making a trading operation. Leverage allows traders who do not have large amounts of money to close large transactions.
In order to protect Forex traders, in civilized regions the laws require the use of a credit ratio with a maximum ratio of 1 to 30, in rare cases 50.
At the same time, DeltaStream uses a leverage of 1 to 400 for trading on the Forex market.
A similar ratio is allowed in Switzerland, as companies registered in this country enjoy great confidence. However, DeltaStream is not registered in this state.
In fact, DeltaStream do not have permission to work on the Forex market with such leverage, due to the high risk for users. Accordingly, this is done to force the user not only to give away as much of his own finances as possible, but also to drive him into debt.
Local divisions of DeltaStream
It is considered important for a company to have local branches in civilized countries, even if the activity takes place only in the UK. So DeltaStream reports that in addition to a large number of awards, there are local offices in England, Australia and other developed countries, as well as many experienced workers.
Checking the existence of these branches is elementary. Since there are specialized organizations that control the work of online brokers. In the UK it's FCA, in Australia it's ASIC.
Accordingly, the official company is obliged to have supporting documents from these or other structures that confirm their ability to provide Forex trading services, determine the degree of responsibility.
However, after checking industry websites, our experts were unable to locate them. Which once again confirms the suspicions.
To register on Deltastream.ltd, you must transfer confidential data
As we reported earlier, DeltaStream does not have a demo period, and therefore, in order to gain access, you must immediately pay the minimum deposit to DeltaStream scammers. Also, access to the Deltastream.ltd personal account is possible only upon successful completion of identity verification.
This means that DeltaStream requires its clients to transmit information such as:
- Information about an individual (passport, birth certificate);
- Information about the permanent place of residence (payments for a communal apartment);
- Data about qualifications, experience, place of work.
Also, during the initial transfer, fraudsters can gain access to bank card data.
As a result, this data may allow the bandits to issue a loan for a trader, or to carry out other shadow operations.
Since for registration on the Deltastream.ltd website, you need to transfer your personal data, we could not get access to the DeltaStream personal account, as well as services for trading operations on Forex.
Real reviews about DeltaStream
An important step in exposing DeltaStream is to study user reviews.
The analysis of search results on the Internet allowed us to obtain the following information:
- Most of the reviews and references to DeltaStream on the web are fake. These are formulaic positive mentions of a custom type;
- All real mentions of DeltaStream are negative. Our staff could not find credible testimonials from former clients of Deltastream.ltd, which report a decent profit, performance.
- Negative references are associated with criminal acts, theft of funds, special creation of credit.
Therefore, real reviews of DeltaStream indicate that the online broker in question is a criminal.
Contact information and papers DeltaStream
After analyzing the mentions on Deltastream.ltd, our experts found a lot of dubious digital papers that can be easily made using a graphic editor. They are not confirmed by official organizations, 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 specialists 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 a Forex broker? Make sure that you can take away investments from him.
While studying the trader's agreement on the DeltaStream website, our experts did not find clear information on how to withdraw funds. In addition, our experts saw a mention of fees for the inactivity of a personal account, but there was no data on their size. Since the bandits do not work in the legal field, it is impossible to protest these extortions.
Therefore, if the client has finished working with DeltaStream, they can call and send messages demanding to pay a fine.
How does DeltaStream work?
The method of searching for new users, which uses DeltaStream, also raises suspicions.
For promotion, false profiles in social networks are used, in which fake users talk about how they instantly managed to get rich by trading on the Forex market through DeltaStream. Non-existent people put on display expensive cars and real estate, travel to resorts and other manifestations of a prosperous life.
Fakes guarantee instant profit growth, for which you don’t need to learn or put in effort.
When a client gets in touch with them, DeltaStream managers report about the possibility of rapid earnings, as well as some unique abilities of their programs, which allow you to instantly withdraw large earnings.
After that, various manipulations are used, making it possible to get as much investment from the client as possible. For example, you may be given fake profits to motivate you to invest more money.
When work on the Forex market turns out to be unprofitable, the personal manager will offer to transfer more in order to compensate for the losses.
DeltaStream employees work according to algorithms developed by professional deceivers. Scammers analyze information about the client in order to influence weaknesses and get even more finance.
In any case, all this will lead to one of two results:
- If you decide to get finance before you are in the red, you will be charged fees, close the account, and do everything to make you pay more;
- When you allow criminals to drive the account into debt, threats will begin, criminals will begin to extort to repay the fake loan.
Another way to earn income for DeltaStream can be the transfer of your personal information to interested organizations. Probably, as a result, it will be possible to obtain complete information about you for a moderate amount on an anonymous Telegram channel on the dark web.
It is likely that after that various scammers, sellers, etc. will write to you. In addition, you should expect calls from DeltaStream accomplices, who will begin to offer "receipt" of lost finances, of course, for a fee.
Since DeltaStream does not operate in a regulated field and remains incognito, Deltastream.ltd cannot be held liable under UK law. The heads of the criminal company are carefully hiding and, at best, the police will be able to figure out one of the "administrators".
Is it worth working with DeltaStream?
Only if you are going to give money to scammers, then give it to charity.
Let's briefly list the facts that testify that DeltaStream are criminals:
- No official registration;
- No trial period;
- There is no information about the owners of the company;
- The phone number is seen in fraudulent transactions;
- Negative score;
- Credit ratio greater than one to fifty;
- Negative reviews;
- False information on the website.
Full review of DeltaStream - finished. It is obvious that DeltaStream are criminals.