Thinking of getting into business with Deltastream? Here is what you must know about this broker. Carefully read this review to find out if deltaStream.ltd is the trading platform you will want to trade with.
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About Deltastream Broker
Deltastream is an offshore brokerage company with a lot of promises for traders. The broker operates under Ineffable Group LTD with a registered address in Commonwealth of Dominica.
There are different account types the broker offers.
To clarify, in spite the trading instruments Deltastream claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
deltaStream.ltd: Reasons to Avoid This Broker
Firstly, deltaStream.ltd is a platform with no financial authority overseeing its financial services. We discover Commonwealth of Dominica is another den of scam as it has become of Saint Vincent and the Grenadines where scammers disguised to be legit in providing FX services.
Secondly, we noticed deltaStream.ltd has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. In fact, It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, Deltastream withdrawal processing timeframe takes 4 to 7 working days. The broker claims zero withdrawal fee, but traders should be aware of an unspecified fee.
Minimum Deposit
Deltastream minimum deposit is pegged at $250 according to the account type.
As for the payment methods, the broker accepts Debit/ Credit cards, Bank Wire and eWallets. But, you should not consider making any payment with this broker because it is a risk. So beware!
Deltastream Platform
Deltastream claims to offer MT5 (Industry standard trading platform), however, that doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, the broker mentions nothing. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Deltastream Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Conclusion: Is deltaStream.ltd a Reliable Broker?
No, deltaStream.ltd does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.