Fraud broker DeltaStream - Forex scam scheme
Broker DeltaStream, operating in the UK, is considered a criminal with a bad reputation.
If we go to the official website of DeltaStream - Deltastream.ltd, we will read that this organization offers intermediary services for operations on the Forex market in the UK. In addition, DeltaStream offers financial action programs.
Our employees looked at the official website of DeltaStream, got acquainted with the conditions of operations, tried to get at least test access to the software, analyzed the availability of official papers, the place of registration of the company.
With the help of this information, we will find out: Is DeltaStream a scam or not?
We will also explain to you how not to fall for the bait of scammers, about their methods of operations. We will provide the necessary data to keep your investments safe.
DeltaStream is based in an offshore country
A serious call, which indicates that Deltastream.ltd is a scam - the country of registration. The company is officially registered in the Marshall Islands, which is already suspicious, since the company operates in Britain. Offshore states attract the attention of deceivers due to the lack of laws and executive power.
Also, this country does not have the authority to trade on the Forex financial market.
In addition, when our employees tried to find the address, information about the owners and management of Deltastream.ltd, they could not find anything.
This already demonstrates that Deltastream.ltd is a criminal Internet broker, working with which will result in serious financial losses.
Lack of information about the organizers of DeltaStream
After researching the site, our employees have not been able to find plausible data about the leadership of the DeltaStream organization. No legal address, no phone numbers or other means of communication.
We think that this means that the current owners are trying to hide data about themselves in order to elude punishment for their actions. And even if it is possible to identify one of the DeltaStream managers, then everything will end there, and the directors of the shadow organization will remain at large.
DeltaStream, website - DeltaStream, is less than 30 days old
The official website of DeltaStream tells about the serious experience of operations in the Forex financial market.
The main method of checking any site is to obtain data about its domain name. Usually, they fix the validity period of the domain name, contact details of the owner.
In this case, the DeltaStream domain exists for less than one month, and all data about the legal entity that owns it is classified. Another proof that the owners of DeltaStream are trying to preserve their anonymity.
This desire can be supported, but not in those cases when it comes to a company working as an intermediary between the user and the Forex financial market.
At the same time, Deltastream.ltd themselves assure users that they have been successfully trading in the Forex market for many years.
DeltaStream does not have a demo period
It is a common practice for Internet brokers to provide users with a demo version of programs so that they can familiarize themselves with the interface and try their skills in operations on the Forex market with fake money.
Unfortunately, on the DeltaStream website, we could not find data on the test period, the opportunity to try out the software.
We assume that the owners of DeltaStream most likely do not plan to give customers demo access to their service, as someone may begin to suspect a scam.
Online broker Deltastream.ltd works with a negative account
Official firms that operate in the Forex market do not use a negative balance in their activities. By law, the user of an online broker is not able to spend more than what is currently on the account. In those rare situations when the balance still goes into a negative value, the debt must be repaid not by the client, but by the organization that offered its services.
Because of this, legal online brokers do not apply a negative balance in their activities.
However, Deltastream.ltd provides customers with work with a negative balance, that is, on credit.
What is it for?
To drive a trader into a minus and a loan from him. This is one of the most popular methods of deception used by scammers.
If this happens, you need to remember that scammers do not have the opportunity to recover finances under the laws of England. Any methods of pressure on customers are considered illegal. The most that criminals are able to do is call, write messages with threats.
It is impossible to cooperate with DeltaStream, since all attempts to reach an agreement will result in new losses.
DeltaStream operate with a leverage of one to four hundred or more
Already, it is clear that DeltaStream are bandits. However, let's pay attention to one more fact, namely the existence of too high leverage.
Credit leverage is the ratio of finances of users and Internet brokers when concluding a transaction. This allows you to make large transactions for clients who do not have the appropriate finances freely available.
To protect Forex users, in developed countries, the legislation provides 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 1 to 400 for trading on the Forex market.
This ratio is allowed in Switzerland, as firms registered in this state enjoy great confidence. However, DeltaStream is not registered in this country.
In fact, DeltaStream cannot operate on the Forex financial market with such a credit ratio, due to the high risk for clients. Accordingly, this is used in order to force the client to give as much of his finances as possible, but also to drag him into loans.
Local DeltaStream Offices
It is considered solid for every financial firm to have local branches in civilized states, even if the work takes place only in Britain. Therefore, DeltaStream talks about the fact that in addition to many awards, they have local divisions in England, Australia and other civilized countries, as well as many competent specialists.
Checking the reality of these offices is elementary. Since there are industry organizations that control the actions of online brokers. In England, this is FCA, and for example, Australia - ASIC.
Therefore, a legal company must have official documents from these or other structures that will prove their authorized right to provide trading services on the Forex financial market, regulate the degree of responsibility.
However, having studied industry official websites, our experts did not find them. This once again reinforces our suspicions.
Registration on Deltastream.ltd requires the transfer of confidential data
As we reported 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 possible only upon successful completion of identity verification.
This means that DeltaStream requires users to pass information such as:
- Information about an individual (passport, birth certificate);
- Information about the permanent place of residence (payments for a communal apartment);
- Information about qualifications, place of work, length of service.
In addition, with the initial payment, the bandits can access personal account information.
In combination, this information can allow scammers to issue a loan to a client or carry out other criminal activities.
Since for registration on the official website of Deltastream.ltd, you need to send your personal information, our experts could not get access to the DeltaStream personal account and services for making money on the Forex market.
Real reviews about DeltaStream
The most important step in exposing DeltaStream is the analysis of feedback from traders.
A detailed study of the search results on the Internet allowed us to obtain the following data:
- Most of the reviews and mentions of DeltaStream on the Internet are lies. These are stereotyped positive mentions of a paid nature;
- All real mentions of DeltaStream are negative. Our experts were unable to identify plausible reviews and references from former users of Deltastream.ltd, which would talk about a decent income, successful trading.
- Negative mentions and comments are related to illegal activities, theft of investments, artificial creation of debt.
In accordance with this, real reviews about DeltaStream indicate that this Internet broker is a scammer.
Contact details and official papers DeltaStream
After analyzing the data on Deltastream.ltd, our staff found many dubious digital documents 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 users simply have nowhere to turn for help.
On the "Contacts" page, our employees found 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 that you can take away investments from him.
After analyzing the client agreement on the DeltaStream website, our employees did not reveal clear information about the ways to withdraw funds. We also found a mention of fees for the lack of activity of a personal account, but did not find data on their amounts. Since the scammers do not work in the legal field, it is impossible to challenge these fees.
That is, if a trader has ceased cooperation with DeltaStream, they can call him and send messages demanding to pay a fine.
How does DeltaStream operate?
Suspicious and the user search method that uses DeltaStream.
For promotion, fake social media profiles are used, in which fake bloggers spread information about how they instantly managed to get rich working on Forex through DeltaStream. The bots show expensive cars and jewelry, vacations in resorts, and other manifestations of a rich life.
Fakes promise instant income growth, for which you do not need to learn or make efforts.
When a potential trader contacts them, DeltaStream employees talk about the possibility of a quick profit, as well as the unique abilities of their programs, which will allow you to quickly get a big profit.
After that, various manipulations are put into operation, allowing you to get the maximum amount of deposits from the trader. For example, you can draw a fake profit to provoke you to invest even more money.
When trading on the Forex market becomes unprofitable, a representative of the organization will offer to invest even more to cover the losses.
DeltaStream employees act according to manuals that were developed by qualified deceivers. Criminals analyze user data in order to act on vulnerabilities and lure out more investments.
As a result, everything will come to one of two ends:
- When you want to withdraw an investment before you are in the red, you will be charged fees, forbidden to use the balance, and will do everything to force you to transfer more;
- If you allow criminals to drive the balance into debt, threats will begin, scammers will extort to pay a fictitious loan.
Another way to make money for DeltaStream can be the transfer of your confidential data to third-party organizations. We assume that, after that, complete information about you will actually be obtained for a modest amount on an anonymous telegram channel on the darknet.
Surely, after that, all kinds of scammers, sellers, etc. will begin to write to you more often. You can also wait for calls from DeltaStream colleagues who will offer to “return” lost finances, of course, for a fee.
Since DeltaStream does not operate in an official field and preserves incognito, DeltaStream cannot be forced to respond under applicable laws in England. The heads of the criminal company skillfully hide themselves and, at best, law enforcement agencies will be able to catch one of the "administrators".
Is it worth working with DeltaStream?
It is forbidden!
Only if you plan to transfer money to scammers, then spend it on a good deed.
In short, we will voice the facts saying that DeltaStream are bandits:
- Lack of official registration;
- No test period;
- Lack of information about the owners of the company;
- Phone found in shady operations;
- Negative balance;
- Leverage greater than 1 to 50;
- Bad reviews;
- False data on the website.
This completes the DeltaStream review. It is clear that DeltaStream are bandits.
We have compiled a complete list of brokers that you cannot work with.