DeltaStream Broker Review
There are several aspects about DeltaStream broker that should remain, starting with the dishonest owner, dubious trading terms, and unstated terms. To learn more, see our review.
Broker status: Unregulated Offshore Broker
Regulated by: Unlicensed brokerage
Owned by: Ineffable Group LTD
Headquarters Country: Commonwealth of Dominica
Foundation year: 2021
Supported Platforms: Web trader
Minimum Deposit: $250
Cryptocurrencies: No
Types of Assets: FX / commodities / indices / stocks / futures
Maximum Leverage: N/A
Free Demo Account: No
Accepts US clients: No
DeltaStream Regulation
The Commonwealth of Dominica’s Ineffable Group Ltd owns DeltaStream. In addition to DeltaStream, this fake trading company also operates under the names Flex Capital and Iconic Capital. If you ever see any of those, be aware that you’re dealing with a shady offshore operation where multiple brands pose as your helpers in order to defraud you of your money. You may already see that your money is at risk because the broker does not hold a license from either the FSU or Tier 1 authorities.
Withdrawal Issues
You shouldn’t be surprised if you have trouble withdrawing your money because DeltaStream is unregulated. The broker is not subject to regulatory oversight and will not face consequences for turning down your request. You may already be aware that regulations require brokers to establish compensation funds that should be utilized for repayment in the event of problems. With offshore criminals, however, there is no such fund, and recovering money is challenging.
Reviews claim that once a customer requests a reimbursement, the broker freezes their accounts so they cannot access the money.
Areas Of DeltaStream
The broker is mostly active, according to reports, in Canada and Germany. The UK, Australia, Austria, Switzerland, and other countries have many bad ratings, nevertheless. Be advised that investing any money in the DeltaStream FX brokerage is risky since it lacks the proper permission to offer legal financial services.
Traders About DeltaStream
As you may have guessed, traders are quite critical of DeltaStream. They are publicly criticizing withdrawals, saying that it is practically impossible to receive a refund despite their best efforts.
In order to take their money, the broker is also requesting that customers grant AnyDesk or TeamViewer remote access to their computers. Therefore, avoid con artists like DeltaStream.
Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.