Forex swindlers DeltaStream - review and analysis of fraud09 / 04 / 22 Visitors: 471
Broker DeltaStream, operating in England, is considered a criminal with a bad reputation.
If we go to the official website of DeltaStream - Deltastream.ltd, we will find that this company provides brokerage services for trading on the Forex financial market in England. DeltaStream also provides services for financial transactions.
Our employees studied the DeltaStream website, got acquainted with the terms of action, tried to get demo access to the software, investigated the availability of official papers, the region of the company's residence.
With the help of the information received, 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 algorithms of actions. We will tell you all the necessary data in order to save your money safely.
DeltaStream is based offshore
The first sign that indicates that Deltastream.ltd is a scam is the country of registration. The company is officially registered in the Republic of the Marshall Islands, which is already suspicious, since the company operates in the UK. Offshore countries attract the attention of deceivers due to the lack of laws and executive power.
Moreover, this region does not have rights to trade on the Forex market.
Moreover, when our employees tried to find the physical address, data about the owners and management of Deltastream.ltd, they were unable to find anything.
This already demonstrates that DeltaStream is a criminal broker, interaction with which can result in serious financial losses.
No DeltaStream organizer information found
After examining the official website, we have not been able to identify plausible information about the owners of Deltastream.ltd. No addresses, no phone numbers or other methods to get in touch.
Usually, this means that the actual leaders try to hide information about themselves in order to hide from responsibility for their actions. If you manage to find one of the DeltaStream employees, then everything will end there, and the actual leaders of the criminal company will remain free with the money.
DeltaStream, website - DeltaStream, is less than thirty days old
The DeltaStream website speaks of extensive experience in Forex transactions.
The main way to check the official site is to obtain information about its domain name. Usually, they indicate the validity period of the domain name, information for contacting its owner.
In a specific case, the Deltastream.ltd domain name exists for less than 30 days, and all data about the legal or natural person owning it is hidden. Another evidence that the director of DeltaStream is trying to preserve his incognito.
Such a desire can be supported, but not when it comes to a company acting as an intermediary between the user and the Forex financial market.
In addition to this, Deltastream.ltd assure potential clients that they have been successfully operating in Forex for a long time.
DeltaStream has no demo period
It is a normal practice for brokers to give their clients a demo version of the software so that they can familiarize themselves with the interface and try out the possibilities in operations on the Forex market with virtual money.
Unfortunately, on the DeltaStream website, we could not find information about the trial period, the opportunity to try out the programs.
We assume that the owners of Deltastream.ltd are simply not going to give customers demo access to the service, as someone may suspect fraud.
Broker Deltastream.ltd operates with a negative balance
Registered organizations that trade in the Forex financial market do not use a negative account in their activities. By law, a broker user cannot spend more than what is currently on the balance sheet. In cases where the account still goes into a negative value, its debts must be repaid not by the client, but by the company that has provided its services.
Therefore, official Internet brokers do not use a negative balance in their activities.
However, Deltastream.ltd provides clients with Forex operations with a negative account, that is, in debt.
Why is it necessary?
To drive the user into a minus and start extorting a loan from him. This is one of the most common scams used by financial scammers.
In the event that this happened, it must be remembered that the deceivers do not have the opportunity to receive money in accordance with the laws of England. Any methods of pressure on users are considered criminal. The most that scammers are able to do is call, send threatening letters.
It is impossible to work with DeltaStream, since any agreements will result in new losses.
Deltastream.ltd work with a credit ratio of one to four hundred or more
At this point, it's clear that DeltaStream are scammers. However, let's pay attention to one more fact, namely the existence of too high leverage.
Leverage is the ratio of money of clients and online brokers at the conclusion of a trading operation. It allows large transactions to be carried out by traders who do not have large funds with them.
In order to protect users of the Forex financial market, in developed countries, legislation requires the use of a leverage with a maximum ratio of 1 to thirty, in rare cases 50.
At the same time, DeltaStream uses a credit ratio of 1 to 400 for trading on the Forex financial market.
Such an attitude is allowed in Switzerland, since firms registered in this state enjoy great confidence. But DeltaStream is not registered in this country.
In fact, DeltaStream has no right to work on Forex with such a credit ratio, due to the high risk for clients. So, this is used in order to force the client not only to give away as much personal funds as possible, but also to drag him into debt.
DeltaStream regional offices
It is considered prestigious for every firm to have local branches in civilized countries, even if the activity is carried out exclusively in England. So DeltaStream informs that in addition to many awards, there are local branches in England, Australia and other developed regions, as well as thousands of experienced workers.
It is easy to check the existence of these subdivisions. Since specialized structures are known that control the activities of online brokers. In the UK it's FCA, and in Australia it's ASIC.
Therefore, an official firm must have permits from these or other structures that will prove their authorized right to provide Forex trading services, regulate the level of responsibility.
However, after checking the specialized official websites, our specialists could not find them. Which once again confirms the suspicions.
For registration on Deltastream.ltd, you need to transfer confidential data
As we reported earlier, DeltaStream does not have a trial period, and because of this, in order to gain access, you must immediately pay the minimum deposit to DeltaStream scammers. Also, access to the personal account of Deltastream.ltd is possible only upon successful completion of identity verification.
This means that DeltaStream requires users to send data such as:
- Information about an individual (passport, birth certificate);
- Data on the permanent place of residence (payments for a communal apartment);
- Data about the place of work, qualifications, experience.
Also, during the first transfer, scammers are able to access card data.
Together, this information can allow criminals to issue a loan to a gullible trader, or to carry out other criminal frauds.
Since for registration on the Deltastream.ltd website, it is necessary to transfer confidential data, we were not able to get access to the DeltaStream personal account, as well as the software for trading operations in the Forex market.
Opinions about DeltaStream
An extremely important point of exposing DeltaStream is the study of traders' feedback.
A careful study of the search results yielded the following data:
- Most of the reviews and references to DeltaStream on the Internet are fake. These are template positive reviews and mentions of the paid type;
- All real reviews and references to DeltaStream are negative. We were unable to identify true reviews and references from users of Deltastream.ltd, which would mention decent earnings, successful work.
- Negative reviews and comments are caused by illegal activities, stealing funds, creating debt.
Therefore, reviews about DeltaStream indicate that this Internet broker is a scammer.
Contact information and papers DeltaStream
After analyzing the data on Deltastream.ltd, our experts found a lot of dubious digital documents that can be easily made using a graphic editor. They are not confirmed by official companies, which means they cannot be trusted.
If an online broker is not associated with regulatory companies, then traders simply have nowhere to turn for help.
On the "Contacts" page, our specialists found a phone number. It turned out that it had already been used by an illegal 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.
After analyzing the user agreement on the official website of DeltaStream, our experts did not find specific information about the methods of withdrawing earnings. At the same time, our experts found a mention of punishments for the inactivity of a personal account, but did not find data on their size. Since the fraudsters do not operate in the legal field, these fines cannot be appealed.
That is, even if the client has ceased cooperation with DeltaStream, they may start calling and writing letters demanding to pay a fine.
How does DeltaStream operate?
The method of searching for new users, which uses DeltaStream, also raises suspicions.
For advertising, false social media accounts are used, in which fake bloggers broadcast how they instantly managed to earn income by working on the Forex financial market through DeltaStream. Bots demonstrate expensive cars and jewelry, travel to resorts and other manifestations of a prosperous life.
They promise instant profit growth, for which you do not need to learn or make efforts.
If a potential user comes into contact with criminals, DeltaStream employees confirm the reality of instant income, and besides, about the unique possibilities of their programs, which will allow you to immediately make a serious profit.
After that, all sorts of tricks are used to get the maximum amount of money from the client. For example, you can draw a fake profit in order to motivate you to transfer more investments.
If the work on the Forex financial market becomes negative, the company representative will offer to invest more to compensate for the losses.
DeltaStream employees act according to algorithms developed by qualified psychologists. They study customer data in order to influence vulnerabilities and get more finance.
One way or another, everything will come down to one of two ends:
- If you're going to get finance before you're in loans, you'll be fined, have your assets frozen, and do anything to force you to transfer more;
- When you give the scammers the opportunity to drive the account into a minus, threats will begin, scammers will extort the return of a fake loan.
An additional way to earn income for DeltaStream may be the transfer of your personal information to interested organizations. Probably, as a result, it will be possible to acquire information about you for a modest amount of money on some anonymous community on the shadow Internet.
It is likely that after that all kinds of scammers, sellers, etc. will call you. It is also worth waiting for letters from Deltastream.ltd accomplices, who will offer to “receive” lost finances, of course for a chest.
Since DeltaStream does not operate in an official field and remains incognito, they cannot be held liable under current laws in Britain. The organizers of the shadow firm carefully disguise themselves and in the best case, the legitimate authorities will be able to arrest one of the "managers".
Is it worth working with DeltaStream?
If you plan to give money to scammers, then it is better to give it to charity.
Let's briefly list the evidence that says that DeltaStream are bandits:
- No official registration;
- No test period;
- Lack of data on the owners of the firm;
- Phone revealed in shady operations;
- Negative score;
- Credit ratio more than 1 to fifty;
- Bad reviews;
- Invalid data on the website.
This completes the DeltaStream review. It is clear that DeltaStream are bandits.