Deltastream, officially known as Deltastream Ltd., is a forex and CFD broker that operates primarily in the online trading market. Established in 2021, the company is headquartered in the Commonwealth of Dominica. It is privately owned and is part of the Ineffable Group Ltd., which is known for operating several other trading brands. Deltastream caters to a diverse clientele, including retail traders and institutional investors, by offering a range of trading instruments across various asset classes.
Despite its relatively recent establishment, Deltastream has positioned itself in the competitive forex market by claiming to provide over 250 trading instruments, including forex pairs, indices, stocks, and commodities. However, it is crucial to note that the company has faced scrutiny due to its unregulated status and the potential risks associated with offshore brokers. Deltastream operates under a business model that focuses on retail forex trading, which allows individual traders to access the forex market and engage in speculative trading.
The company's development has been marked by significant investments aimed at enhancing its trading technology and services. However, the lack of proper regulatory oversight raises concerns about the safety and security of client funds, as well as the overall integrity of its operations. The Deltastream broker remains a topic of discussion among traders, particularly regarding its operational practices and customer service.
Deltastream operates without any regulatory oversight, which is a significant red flag in the forex trading industry. The broker is not licensed by any major financial regulatory authority, which means it does not adhere to the stringent standards expected of legitimate forex brokers. The company is based in Dominica, a jurisdiction known for its lack of regulation in the forex market, allowing many unlicensed brokers to operate without accountability.
As of now, there are no valid regulatory numbers associated with Deltastream, and the absence of a regulatory license raises concerns about the safety of client funds. The company does not participate in any investor compensation schemes, which typically provide reimbursement to clients in the event of broker insolvency. Furthermore, the lack of a Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance framework poses additional risks, as it can facilitate fraudulent activities.
In summary, the unregulated status of Deltastream broker highlights the importance of conducting thorough research before engaging with such platforms. It is always advisable for traders to choose brokers that are regulated by reputable authorities to ensure the protection of their investments.
Deltastream offers a variety of trading products, primarily focusing on forex and CFDs. The broker claims to provide access to over 250 trading instruments, which include:
The broker has not specified any unique or exclusive trading products, and the frequency of product updates or new additions to their offerings remains unclear. There is no indication that Deltastream provides retail trading services or institutional client services, nor have they mentioned any white label solutions or asset management services.
Overall, while Deltastream promotes a diverse range of trading instruments, the lack of regulatory oversight and transparency raises concerns about the reliability and safety of its trading offerings.
Deltastream provides several trading platforms for its clients, including:
The execution model employed by Deltastream is not explicitly stated, raising questions about whether it operates on an ECN, STP, or Market Making basis. Additionally, information regarding server locations and technical infrastructure is limited, which could impact the overall trading experience.
Moreover, there is no mention of API access or support for automated trading, which are often crucial features for advanced traders seeking to enhance their trading strategies.
Deltastream offers several account types to cater to different trading needs:
The trading conditions at Deltastream are not particularly competitive, with spreads reported to be as high as 8 pips for major currency pairs. The maximum leverage offered is up to 1:200, which can significantly amplify both potential gains and losses. The minimum trade size and overnight fees are not clearly defined, which may pose challenges for traders looking to understand their cost structures.
Additionally, the absence of a demo account policy means that potential clients cannot test the platform and its features before committing real funds, further complicating the decision-making process.
Deltastream supports a range of deposit methods, allowing clients to fund their accounts through various channels:
Withdrawal options and limitations are also important considerations for traders. Deltastream claims that withdrawal requests are processed within 4 to 7 working days, but there have been numerous complaints about difficulties in withdrawing funds. The broker does not provide a transparent fee structure for withdrawals, which can lead to unexpected costs for clients.
In summary, while Deltastream offers several deposit methods, the lack of clarity regarding processing times, fees, and withdrawal issues raises concerns about the overall reliability of its fund management practices.
Deltastream provides customer support through various channels, although the options are somewhat limited:
Overall, the limited customer support and lack of educational resources may pose challenges for traders seeking comprehensive assistance and guidance.
Deltastream primarily serves clients in various global markets, but specific details regarding its regional presence are not well-documented. The broker has not disclosed the locations of its regional offices, which may create uncertainty for potential clients.
In conclusion, while Deltastream aims to provide trading services to a wide audience, the lack of transparency regarding its regional coverage and restrictions may hinder its appeal to potential clients.
In summary, Deltastream broker presents itself as a forex and CFD trading platform with a range of offerings; however, its unregulated status, limited customer support, and unfavorable trading conditions warrant caution for potential investors. It is always advisable to opt for regulated brokers to ensure the safety of your funds and a fair trading environment.
猜猜25393
Cyprus
When trading on the DeltaStream’s mt5 trading platform, I cannot close my open positions myself, and I don’t know what happened. No one could give me a reason. Talking to their support staff is like talking to a wall.
37130
2023-03-13