DeltaStream Review 2024

What is DeltaStream?

DeltaStream is a trading platform that operates in the Forex market. However, it’s important to note that it has been flagged by multiple sources as a potentially risky platform. DeltaStream is an offshore broker, meaning it operates outside the jurisdiction of major financial regulatory bodies. This can pose significant risks to traders, as offshore brokers are not subject to the same regulations and oversight as those registered in countries with established financial regulatory frameworks. One of the major concerns about DeltaStream is that it is completely unlicensed. This means it does not have the necessary permissions from financial regulatory authorities to operate as a broker. This lack of licensing is a significant red flag and could indicate potential fraudulent activity. DeltaStream operates from Dominica, a country known for being a haven for offshore scams. The country does not regulate its Forex markets, which allows many scammers to set up operations there without any pushback. This lack of regulation and oversight can lead to traders becoming victims of scams, with little to no recourse. In terms of trading conditions, DeltaStream does not offer competitive conditions. It has a high minimum deposit requirement of $250 and offers a leverage of 1:200. The spread, or the difference between the buying and selling price, is also high at 3. These conditions are not favorable for traders and can lead to significant losses. In conclusion, while DeltaStream presents itself as a Forex broker, the lack of licensing, unfavorable trading conditions, and its operation from a known offshore scam haven make it a risky platform for traders. It’s always recommended to use licensed and regulated brokers to ensure the safety of your funds and a fair trading environment.

What is the Review Rating of DeltaStream?

What are the Pros of DeltaStream?

DeltaStream, in the context of Forex, has several advantages that make it a noteworthy platform. However, it’s important to note that the information available is limited and may not provide a comprehensive view of all the pros of DeltaStream. Real-time Streaming Databases. DeltaStream is developing a streaming database platform. This technology is particularly beneficial for Forex trading where real-time data processing is crucial. Streaming databases can handle high volumes of data and provide real-time analytics, which can give Forex traders an edge by enabling them to make informed decisions based on the latest market trends. Offshore Broker. DeltaStream operates as an offshore broker. While this comes with its own set of challenges, it can also offer some advantages. For instance, offshore brokers can sometimes offer higher leverage and more flexible margin requirements, which might be attractive to certain Forex traders. However, it’s important to note that DeltaStream is not licensed, and it operates from Dominica, a country that does not regulate its Forex markets. This lack of regulation can lead to potential risks, and traders should be aware of these before choosing to trade with an offshore broker. Investment and Growth. DeltaStream has secured significant investment for its operations. This financial backing can allow the platform to further develop its services and technology, potentially leading to improved offerings for Forex traders in the future. In conclusion, while DeltaStream does have certain advantages, potential users should carefully consider the risks associated with using an unlicensed offshore broker. It’s always recommended to do thorough research and consider multiple platforms before making a decision on where to conduct Forex trading.

What are the Cons of DeltaStream?

DeltaStream, a Forex and CFD trading provider, has several significant drawbacks that potential investors should be aware of:. 1. Lack of Regulation DeltaStream operates from Dominica, a location infamous for being a haven for offshore scams. The company is not licensed, which is a major red flag in the world of Forex trading. 2. Unfavorable Trading Conditions The broker’s trading conditions are not competitive. For instance, the EUR/USD cost of trade is 8 pips, which is considered high and can make trading unprofitable. The leverage is also capped at 1:100. 3. High Minimum Deposit DeltaStream requires a minimum deposit of $250. , which is higher than what many other brokers ask for. 4. Withdrawal Issues There have been numerous complaints about difficulties in withdrawing funds from DeltaStream. This is a common issue with unregulated brokers and a serious concern for traders. 5. Remote Access Requests DeltaStream has reportedly asked clients to allow remote access to their computers via AnyDesk or TeamViewer. This is a highly unusual and risky request that could potentially lead to unauthorized access to personal information or funds. 6. Poor Financial Safety Being an unregulated broker, DeltaStream does not offer any form of financial safety. It does not participate in guarantee funds, which are designed to provide some form of compensation if the company goes under. In conclusion, while DeltaStream may seem attractive on the surface, the lack of regulation, poor trading conditions, and numerous other issues make it a risky choice for investors. It’s always recommended to choose a broker that is regulated by a reputable financial authority to ensure the safety of your investment.

Is DeltaStream Regulated and who are the Regulators?

DeltaStream is a forex broker that has been the subject of scrutiny due to its regulatory statusDeltaStream is not regulated. This means it does not have the necessary oversight from financial authorities to ensure it adheres to the standards and practices expected of a legitimate forex broker. The company is owned by Ineffable Group Ltd. , which is based in the Commonwealth of Dominica. The Commonwealth of Dominica is known for its lack of forex market regulation, which has led to a proliferation of unlicensed brokers operating from this jurisdiction. DeltaStream, along with other brands owned by Ineffable Group Ltd such as Flex Capital and Iconic Capital, are considered part of a fraudulent offshore scheme. These brands are accused of pretending to help clients recover money lost to previous scams. The lack of regulation means that DeltaStream is not required to adhere to the stringent standards set by financial regulators. For instance, it does not need to hold a minimum capital requirement, nor does it need to contribute to a compensation fund that could reimburse clients in case of financial difficulties. Furthermore, DeltaStream has been reported to have withdrawal issues. Since it is not regulated, it faces no penalties if it refuses to process withdrawal requests. This lack of accountability can put client funds at risk. In conclusion, DeltaStream is an unregulated forex broker, and its operations raise several red flags. It is always recommended to deal with regulated brokers to ensure the safety of your funds and fair trading conditions.