DeltaFx Review – All Dirty Tricks Exposed
DeltaFx broker is one of those that represent scam brokers. With their registration in early 2009, they didn’t build a stable reputation. On the contrary, they managed to vanish. Deltafx.net is not even active anymore. Many traders lost their hard-earned money.
In general, investment scams have similar operations. Therefore, we will cover the main ones in this DeltaFx review.
|Company||Delta FX Ltd|
|Website||Deltafx.net / deltafx.com|
Is DeltaFx a Legit Broker? Safety and Regulation
The first thing everyone thinks about on the mention of trading is security. Nobody wants to deal with a broker that is not going to pay you your profits. Therefore, we are looking only for regulated ones. With registration in Switzerland, DeltaFx should have a FINMA license.
Thus, checking their register brought up no results. Not only that but many other Tier 1 European regulator’s databases were empty. Startng with FCA, BaFin and ASIC. One thing raises suspicion specifically.
The fact that broker promotes licensing offshore in St. Vincent and Grenadines. Thus, that country doesn’t issue licenses anymore. Another one is the British Virgin Islands BVI. Indeed, in their register is Deltafx Corporation. But legal documents claim that the owner of DeltaFX brand is DeltaFx LTD. Therefore, you can only guess if that’s true or not.
Instead, you can avoid headaches and find a Tier 1 regulated broker. Also, similar features could be found with PrimeOakmont and XXXX brokers.
Supported Trading Platform at DeltaFx
DeltaFx scam is raised on another level. Not only that broker tries to manipulate traders with regulation. But also with a trading platform. They provide highly reliable Meta Trader 4. Also, they claim to have MT5 soon. Besides fast executions, and numerous charting and trading options it offers many more. Most importantly new era features like social and copy trading.
On the positive side, we are happy that this broker made some effort into this. On the negative side, it’s worthless when you know that the broker is a bogus scammer. To avoid such discrepancies, you can opt for a Tier 1 licensed broker. Firstly, your funds are protected. Secondly, trading features like negative balance protection and guaranteed stop-loss are provided.
DeltaFx Account Available
Account types are often designed to delude traders into having more benefits. In exchange, they should deposit more money. However, with scam brokers, it doesn’t go like that. Primarily, because everything is fictive. From the account balance, profits, everything. Therefore, you should be extremely careful in accepting any offers. Especially if the broker offers any kind of bonuses.
As far as we know, DeltaFx broker doesn’t offer such. But don’t be surprised if you get similar offer. Anyway, the account types available are:
The minimum deposit starts already with $1. Which is quite acceptable. But if that will lead to pressure and constant harrassment it’s overpriced. After all, DeltaFx offers a demo account. Which is a great solution for the beginning. But even then you are leaving your information exposed to confirmed scammers.
Deposit and Withdrawal Options
Funding methods and policies are as important as regulation. Thus, only regulated brokers will comply with those. In the end, this broker didn’t lose their license earlier without a reason. Some of the funding methods available are:
- Wire transfers
- Credit cards
It’s already known that some e-payment options don’t have a chargeback option. This is extremely important with shady brokers. Instead, you should opt for card payments. In general, that’s the safest option and you can get a chargeback within the first 540 days.
DeltaFx scam broker has a 24-hour withdrawal processing time. But if you will get your money back is questionable. Primarily, we could confirm that through numerous DeltaFx broker reviews. The broker will make up any excuse, just to keep your money.
How the Fraud Is Conducted
Firstly, scam brokers will rule traders online to apply through shady adverts. They mainly promote algo-trading or some extremely high profits. Of course, risk-free. They don’t even hesitate to harass people on social media. Depending on their marketing strategy.
Nevertheless, after your first deposit, they will be looking for more. Whether through margin calls, market crashes, or extremely good results. In fact, they will most likely present you with some fake info to get you to deposit more. That’s what’s going to happen in the end if you are greedy.
After all, once you request a withdrawal you can expect excuses. From AML laws to non-existent fees. It’s not rare that brokers will come up with hidden clauses. Especially bonus ones. After all, they don’t need to give you any excuse because their regulation is weak or non-existent. Important to realize is that you can file a complaint against nobody.
For that reason, we have created a specialized fund recovery team. With team knowledge and tools you could get your money back easily. Get in touch today for advice on further steps.
- Offshore broker without a license.
- DeltaFx lost its license from British Virgin Islands FSC.
- The website is not active anymore.
- Broker has an MT4 platform available.
- Non-transparent withdrawal policy.
- Numerous complaints against the broker.
FAQs About DeltaFx Broker
Is DeltaFx a Regulated Broker?
No. The broker can’t have a license from St. Vincent and Grenadines because they don’t issue it anymore.
What Is the Minimum Deposit at DeltaFx?
The minimum deposit requirement starts already at $10, which is way below the industry average.
What Account Types are Available at DeltaFx?
There are 3 live accounts: Nano, Standard, and VIP. Also, the broker offers a demo account.