DeltaStream is a dishonest broker. Forex Scam Overview
The online broker DeltaStream, which operates in England, is considered a scammer with an unclean notoriety.
When we go to the official website of DeltaStream - Deltastream.ltd, we will find that our company provides intermediary services for Forex trading in Britain. In addition, DeltaStream provides services for financial transactions.
Our employees analyzed the DeltaStream website, got acquainted with the working conditions, tried to get at least demo access to the programs, investigated the existence of documents, the place of residence of the company.
With the help of this information, we will understand: Is DeltaStream a scam or not?
In addition, we will tell you how not to fall into the trap of scammers, about their methods of work. We will provide you with all the information you need to keep your finances safe.
DeltaStream is based in an offshore country
The first call, saying that DeltaStream is a scam - the region of residence. The company is officially registered in the Marshall Islands, which is already suspicious, since it operates in Britain. Offshore regions attract the attention of criminals due to the lack of laws and control.
Moreover, this region does not have the authority to work on Forex.
Moreover, when our employees tried to find the address, mentions of the owners and directors of Deltastream.ltd, they could not find anything.
This already hints that DeltaStream is a fake Internet broker, cooperation with which will result in large financial losses.
Lack of information about DeltaStream organizers
After examining the website, we have not been able to identify plausible data about the directors of the DeltaStream organization. No physical or legal address, no phone numbers or other ways to get in touch.
Most likely, this means that the actual owners are trying to hide themselves in order to hide from the answer for their crimes. If you manage to catch one of the DeltaStream employees, then everything will end with this, and the organizers of the fraudulent company will remain free.
DeltaStream, website - Deltastream.ltd, is less than 30 days old
The DeltaStream website speaks of extensive experience in the Forex financial market.
The main way to analyze a website is to get domain data. Usually, they contain the age of the domain name, data for the owner's connection.
In a particular case, the domain name Deltastream.ltd has been operating for less than 30 days, and all information about the legal or natural person that owns it is classified. Another proof that the owners of DeltaStream are trying to preserve anonymity.
This desire can be supported, but not when it comes to a company acting as an intermediary between the user and the Forex financial market.
At the same time, DeltaStream themselves assure potential users that they have been trading effectively on Forex for many years.
Deltastream.ltd does not have a demo period
It is normal practice for brokers to provide users with a demo version of their software so that they can get acquainted with the interface, test their capabilities in playing Forex with virtual currency.
Unfortunately, on the Deltastream.ltd website, we did not find information about the demo period, the opportunity to try the software.
Probably the directors of the Deltastream.ltd organization are simply not going to provide clients with test access to their software, since one of them may begin to suspect a scam.
Internet broker DeltaStream works with a negative account
Official companies that operate in Forex do not use a negative account in their work. By law, an online broker's client cannot spend more than what is currently on the account. In rare cases, when the account goes into negative territory, the debt will have to be repaid not by the client, but by the company that offered the services.
Because of this, official Internet brokers do not use a negative account in their activities.
However, DeltaStream offers its clients Forex operations with a negative balance, that is, on credit.
What is it for?
In order to drive a client into a loan and start a debt from him. This is one of the most common methods of deception used by bandits.
If this happened, you need to remember that scammers have no way to recover money under British law. Absolutely all methods of pressure on users are illegal. The most that scammers are capable of is calling, writing messages with threats.
It is impossible to cooperate with DeltaStream, since all attempts to reach an agreement will result in new expenses.
Deltastream.ltd operate with a credit ratio of one to four hundred or more
Already now, it is clear that DeltaStream are criminals. However, let us point out another nuance, namely the existence of an extremely high leverage.
Credit leverage is the ratio of users' money and Internet brokers' money when making a transaction. This makes it possible to make large transactions for users who do not have sufficient funds freely available.
In order to protect clients in the Forex market, in developed countries, the current legislation requires the use of leverage with a maximum ratio of one to 30, in exceptional cases 50.
At the same time, DeltaStream uses a credit leverage of one to four hundred to make money on Forex.
This ratio is legalized in Switzerland, as companies registered in this country enjoy considerable trust. However, DeltaStream is not registered there.
In fact, DeltaStream does not have the right to trade in the Forex market with such leverage, due to the high risk for clients. So, this is used to force the user not only to transfer more personal money, but also to drive him into loans.
Local divisions of DeltaStream
It is considered prestigious for every firm to have local offices in civilized regions, even if the work is carried out only in the UK. Therefore, DeltaStream informs that in addition to a significant number of awards, there are local divisions in England, Australia and other civilized regions, and also about a large number of competent employees.
Checking the availability of these offices is quite simple. After all, there are specialized structures that regulate the activities of brokers. In the UK it's FCA, and in Australia it's ASIC.
Therefore, a legal company is required to have supporting papers from data or other structures that confirm their authorized right to provide services for trading operations in the Forex market, indicate the level of responsibility.
However, after checking the relevant official websites, our experts did not find them. Which once again confirms our suspicions.
To register on Deltastream.ltd, you must transfer personal data
As we mentioned earlier, DeltaStream does not have a test period, and therefore, in order to gain access, you must immediately transfer the minimum deposit to DeltaStream scammers. Also, access to the personal account of Deltastream.ltd is really only when passing the client's confirmation.
This means that DeltaStream requires users to submit data such as:
- Information about an individual (passport, driver's license, etc.);
- Information about the permanent place of residence (receipt for utilities);
- Information about the place of work, qualifications, experience.
Also, during the initial transfer, fraudsters are able to access personal account data.
As a result, this data may allow scammers to make a loan to a gullible trader, or to carry out other illegal activities.
Since for registration on the Deltastream.ltd website, you need to send your confidential information, we did not get access to the DeltaStream personal account and services for trading on the Forex market.
Opinions about DeltaStream
An extremely important point of exposing DeltaStream is the analysis of feedback from traders.
Search results analysis gave us the following data:
- Most of the DeltaStream reviews on the Internet are fake. These are the same positive references of a customized nature;
- All true reviews about DeltaStream are negative. Our employees were unable to find true reviews and references from former clients of Deltastream.ltd, which would mention a decent income, successful trading.
- Negative reviews and mentions are caused by criminal acts, theft of funds, special creation of debt.
Accordingly, the DeltaStream reviews suggest that the internet broker in question is a scam.
Contact details and official papers DeltaStream
While examining the data on Deltastream.ltd, we found a lot of dubious digital documents that can be easily created using a graphics editor. They are not confirmed by official firms, which means they cannot be trusted.
If the broker is not associated with regulatory organizations, then users simply have nowhere to turn for help.
On the "Contacts" page, we 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 an online Forex broker? Make sure you can take money from him.
After analyzing the user agreement on the DeltaStream website, our specialists did not see clear information about the ways to withdraw funds. At the same time, we identified a description of the penalties for account inactivity, while there was no information about the amounts. Since swindlers do not operate in a legal field, it is impossible to challenge these fines.
That is, if a trader has completed cooperation with DeltaStream, they can start calling him and sending messages demanding to pay off the fine.
How does DeltaStream operate?
Suspicious and the method of searching for new users, which uses DeltaStream.
For advertising, fake social media accounts are used, in which fake users spread information about how they instantly managed to get income by earning on Forex using DeltaStream. Fakes show expensive cars and houses, holidays in resorts, and other signs of a prosperous life.
Fakes promise instant income that does not require training or effort.
When a trader gets in touch with criminals, DeltaStream employees confirm the possibility of instant profit, and besides, about the unique features of their programs, which allow you to quickly earn serious money.
After that, various tricks are used, making it possible to get as much finance from the trader as possible. For example, a client may be given a fake profit in order to inspire them to invest even more money.
When trading on the Forex financial market becomes unprofitable, the manager will recommend transferring more in order to compensate for the debt.
DeltaStream managers work according to guidelines developed by experienced scammers. Fraudsters study information about a trader in order to influence weaknesses and get even more money.
In any case, everything will lead to one of the ends:
- When you are about to get finance before you are in debt, you will be fined, your account will be closed, and everything will be done to force you to transfer more;
- When you allow scammers to drive the balance into a minus, threats will go, criminals will start extorting to pay off the fake debt.
Another method to earn income for DeltaStream can be the transfer of your confidential information to third-party organizations. We assume that, after that, complete information about you can really be purchased for a modest amount of money on some anonymous service on the dark web.
It is likely that because of this, various scammers, managers, etc. will start calling you. It is also worth waiting for letters from Deltastream.ltd's accomplices, who will begin to offer "receipt" of lost investments, of course, for a reward.
Since DeltaStream does not work in the legal field and preserves incognito, they cannot be forced to answer under the law in England. The leaders of the criminal company are skillfully disguised and, at best, the police will be able to arrest one of the "managers".
Should I trust DeltaStream?
In no case!
If you plan to transfer money to criminals, then it is better to transfer them to a good cause.
Let's briefly voice the evidence indicating that DeltaStream are scammers:
- Lack of official registration;
- No trial period;
- There is no information about the owners of the organization;
- Phone revealed in shady operations;
- Negative account;
- Leverage greater than one to fifty;
- Negative reviews;
- False information on the site.
This completes the DeltaStream review. It is clear that DeltaStream are scammers.
You can also familiarize yourself with fraudulent brokers.
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