The reason behind illicit financial services providers registering their businesses in the poorly supervised areas is simple. The fact that they can conduct fraudulent activities without authorities breathing down their necks is why they pick loosely regulated markets.
However, that is not the only problem with this financial swindler. You see, while they claim to be legally incorporated in the UK, they also claim to have CySEC and FSCA licenses. None of that is true and this Delta Trend review shines light on the true state of things.
| Regulated by: | Unregulated Offshore Broker |
| Is This Company Safe? | No guarantees can be given when there’s no license acquired |
| Known Websites: | delta-trend.com |
| Have Warnings from: | N/A |
| Registered in: | Marshall Islands |
| Operating since: | 2023 |
| Trading Platforms: | Web |
| Maximum Leverage: | 1:400 |
| Minimum Deposit: | $250 |
| Deposit Bonus: | Hinted but undisclosed |
| Trading Assets: | Forex, Indices, Crypto, Commodities, Stocks |
| Free Demo Account: | Not available |
| How to Withdraw from This Company? | Take care of your funds and contact us for quick fund recovery! |
Offshore Haven Is The Way
The full company name is left unrevealed. There’s a map shown on the site previewing an address in London, but that location is in no connection to this brand. Either way, to operate in the UK, a platform would have to be licensed by the jurisdictional regulator, FCA, and this one certainly isn’t.
Another desperate attempt to appear legit is by posting false statements about owning a CySEC and FSCA licenses. Thoroughly searching through these databases doesn’t show this domain as approved by these financial watchdogs.
Lastly, the legal docs state that the only court in charge of solving disputes is the one in the jurisdiction of Marshall Islands, which we believe is the real location of the fraud. GLOFSA, the local regulatory institution, also hasn’t licensed them. Another similarly operating offshore entity is Wafra Investment LLC, so beware of their traps as well.
Faking Company Age
The website holds copyright information dating back to 2015, in an attempt to make it seem like the firm has been in business for a long time. The truth is quite different, as it didn’t exist prior to July 2023, which you can see in the WhoIs register. These nations are in the fraudsters’ crosshairs:
- United States
- Japan
- Australia
- Spain
Fake companies like this one or Avas Union for instance, they still need to reach out to their marks and get money from them. This is where the boiler room agents take center stage as they play the role of a make-believe finance expert.
The lies these agents are peddling seem like a lucrative opportunity, but in reality the money is simply stolen. It is still possible to recover it, though, so get in touch with our expert team in order to file a chargeback.
Unacceptable Trading Terms
The trading conditions this brokerage advertises as premium and most profitable couldn’t be any more risky, especially for beginners. With the maximum leverage of up to 1:400, the risks for loss multiply considerably. Although it can also bring huge gains quickly, such exposure is only meant for professionals, and even they can’t always end up as winners.
Trading costs that are available by default are also several times higher than the industry average. Unless, of course, you’re willing to buy a pricey account and lower them. Starting spreads on the cheapest accounts are 3 pips on EUR/USD which is far above the commonly provided by top brands.
Undisclosed Bonus With Contract Threshold
The website isn’t clear which types of bonuses they provide or what the exact amounts are. What is given, however, is the bonus policy with the conditions defining the withdrawals of funds from credited accounts. The Total Contract Threshold you’re required to reach in order to even ask for a withdrawal is (Bonus 1 + Bonus 2) * 20,000.
Oversimplified And Overly Expensive Features
Everything offered to investors is marketed in a way that makes it seem like it’s incredibly helpful, beneficial and lucrative. Sadly, all of the features we had a chance to test are just extremely well advertised and that is where their functionality ends. We’ll review each one of them.
Imitation Of A Platform
Functional, comprehensive and reliable trading software is the essence of every successful investing. While you’ll see the Delta Trend platform being glorified to insanity, its sole appearance will disappoint you.
Even at a glance, this simplified web distribution lacks the advanced features and other crucial tools that allow you to build a profitable strategy.
We won’t even compare it to the leading technological solutions in the world of online trading, like MT4 and MT5. It bears no similarities to a properly functional and perfected trading environment.
Familiar Groups Of Assets
Nothing particularly complementing could be said about the standard offer of financial products available on this portal:
- Currencies (EUR/USD, EUR/GBP, USD/AUD)
- Stocks (Alibaba, Barclays, Bayer)
- Indices (CAC40, FTSE100, AUS200)
- Commodities (Sugar, Wheat, Silver)
- Crypto (BTC, ETH, ADA, LTC, DOT)
Profile Types
Before revealing the abnormally high prices of each of the Delta Trend profiles, we have to warn you about their seemingly attractive features. Illicit firms will promise just about anything, only to impress you. None of these services may be available at all. The price chart is as follows:
- Basic – $250
- Silver – $10,000
- Gold – $50,000
- Platinum – $100,000
- VIP – $250,000
Educational Articles
We can’t exactly call the attempt the faux Forex dealer made to offer any kind of learning materials useless. There’s a collection of comprehensive articles that explain the basic elements of Forex and CFD trading, and what strategies are built on.
However, considering that there’s no webinars, live sessions, video lessons and other educational sources, we have to admit that the broker fails to deliver in this sense, as well.
Uncertain Payouts
All of the payment methods available via the client area are:
- Wire transfers
- Credit Cards
- Bitcoin
It isn’t strange to see false promises of various funding channels being accepted at first and then be forced to deposit only in crypto. Whenever you’re able, please choose more transparent transactions, like credit cards that allow chargeback.
This seemingly generous firm doesn’t provide payment terms and conditions, so it is completely unknown what sudden fees and obstacles lurk behind their shiny ads and promises.
Communication Channels
The Delta Trend support is said to be available 24/5 but only via:
As apparent, the live chat feature isn’t available. It wouldn’t be a surprise for the traders to be ignored completely when submitting questions.
Got Scammed? We Can Have Your Money Reimbursed!
There are basically no pros to dealing with this offshore broker fraud. The Delta Trend scam may seem like they offer good liquidity, and highly profitable conditions, but it’s all just a ruse to trap the investors’ funds.
The swindlers may use a myriad different tricks, but you’ve still got cards to play. With the help of our legal professionals, recovery is still possible! Book a free first consultation through the live chat on our website, and file a chargeback today!
FAQ Section
What is Delta Trend?
It is a false brokerage service provider with an alleged licensed platform.
Where is Delta Trend Located?
It is not exactly known due to opposing website information, but legal docs say Marshalls.
Can I Recover Money Stolen by a Scam Broker?
Yes, as long as you call our customer support service, we can provide you with the means of getting your funds back.
