DeltaFX is one of the long-lasting brokers on the market, present since 2009. Yet, it doesn’t necessarily mean it’s a good or a legit company.
That’s why we decided to check what kind of issues you might face in our honest DeltaFX review.
|Broker Status:||Unregulated Scam Broker|
|Regulated by:||Unlicensed Brokerage (No Regulation)|
|Operating Status:||Active Forex Trading Scam|
|Blacklisted as a Scam by:||N/A|
|Broker Owner:||DeltaFX Ltd|
|Online Trading Platforms:||MT4|
|Broker No Deposit Bonus:||Not Available|
|Crypto Assets:||BTC, ETH, XRP (8 different cryptos)|
|Available Trading Assets:||Cryptocurrencies, Forex (FX), Stocks, Commodities, Indices|
|Free Demo Account:||No|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Experts’ Verdict:||Don’t Invest in This Scam Broker!|
Is DeltaFX Safe? – The Importance of Broker Regulation
So far, you must have known that one of the most important things about a brokerage is its trading regulation. Without it, your funds are not protected, and you have no guarantees of being reimbursed if any problem occurs.
DeltaFX is a brand of DeltaFX Ltd based in Geneva, Switzerland. However, it was allegedly regulated in Saint Vincent and the Grenadines. For sure, you’re asking how this is possible, and is DeltaFX regulated at all?
What’s Wrong With DeltaFX License? – No Regulatory Approval
Instead of opting for FINMA regulation, Tier1 license that provides clients with high security, DeltaFX regulation comes from the FSA. Even that would be fine if FSA weren’t only a register of financial companies and not an actual regulator. SVG doesn’t have a regulatory body since FSA strictly directs brokers to opt for regulation in the country of service.
Therefore, DeltaFX is not regulated and has no permission to provide financial services whatsoever.
Negative DeltaFX Reviews – DeltaFX Cleaned My Deposit
According to DeltaFX reviews, clients have issues even when depositing funds. Shortly after the funds are taken off their card, bank account, or crypto wallet, they appear in the trading account and then disappear. How is it possible, you’re wondering?
Some brokers take your funds to an offshore account (which shouldn’t be surprising after you learned about DeltaFX’s offshore regulation), and these funds are never available for clients to trade with.
However, once you try to get the money back, it’s hard since you’re the one who authorized the transaction. If you invested any funds with DeltaFX broker and cannot even see your balance, let us know.
DeltaFX Trading Platform Review – Trading Software
Currently, the only available DeltaFX trading platform is MT4, although the company announced introducing MT5 soon. Since MT4 is traders’ favorite choice, we are pleased to see that DeltaFX forex brokerage put in some effort and provided the best for the clients. Known for fast trade execution, various trading charts and indicators, and some professional trading tools, you can never go wrong using MetaTrader.
iOS and Android Mobile Trading
Besides the desktop version for Windows and Mac, there’s an MT4 app for Android and iOS. On the broker’s website, there’s a link you can use to download the platform to any of your mobile devices or tablets and enjoy convenient trading wherever you go.
According to the broker’s Terms and Conditions, there are no specifically listed countries where the broker doesn’t provide its services. However, they mention that they do not operate in countries where the law prohibits trading.
Based on the reviews, we noticed that the DeltaFX trading scam is nowhere to be found in Canada and the USA, probably due to strict regulatory rules.
Assets You Can Trade With DeltaFX Broker – Trading Instruments
Broker offers trading with:
- 307 currency pairs
- 4 metals and 2 energies
- 8 cryptocurrencies
- 22 global indices
- US, UK, and EU shares
As you can tell, the main focus is on the Forex market and shares, while other assets are barely present. All the trades are executed on the MT4 with the highest leverage of 1:1000, which is extremely risky for your funds, especially if you’re new to the market.
DeltaFX Trading Accounts – Demo & Real Accounts
There are 3 different account types DeltaFX offers:
The main difference is in funds, leverage, and spread. DeltaFX’s minimum deposit is $1 for the Nano account, while to be a VIP client, you need to deposit at least $20,000. Besides these basic account types, there’s an Islamic swap-free version of each of them.
DeltaFX Demo Account
DeltaFX provides its clients a Demo account as well, so they can practice the market. However, this account is not free, and you do need to make an initial deposit of $1 to get access to a Demo account as well.
DeltaFX Withdrawal Problems – Traders Complaints
Among all the issues, DeltaFX prevents clients from withdrawing their funds. As no reputable regulator stands behind the company, the broker feels comfortable enough to block all the withdrawals. In 2014, the company was regulated in the British Virgin Islands, while in 2020 they opted for the FSA SVG regulation. We had to ask if this change came because of too many complaints against DeltaFX regarding withdrawals or something we haven’t discovered yet.
Scammed by DeltaFX broker? – Talk To Our Experts Today!
If you were scammed by DeltaFX or a similar bogus broker, let us know. Instead of allowing fraudsters to run with your money and becoming another victim, you can file a dispute and request your money back.
Our experts from Global Fraud Protection recently discovered the best way to file a dispute and get a positive response.
Contact us via online chat to book your free consultation, and let’s get your hard-earned money back!
Don’t Let the Scammers Go Away for Free!
What Is DeltaFX, And Should I Invest Money In It?
Basically, this is an online trading platform that claims to be regulated in Saint Vincent and the Grenadines. Therefore, you shouldn’t invest your money with such.
Is DeltaFX a Scam Forex Broker or a Regulated One?
Broker stated to have FSA SVG regulation. Yet, this regulator clearly instructed trading companies to opt for regulation in the service country, making DeltaFX unregulated.
Which Products Does DeltaFX Offer?
DeltaFX offers trading with currency pairs, commodities, indices, shares, and cryptocurrencies.
Is It Safe To Invest With DeltaFX Broker?
Company is unregulated, meaning you have no guarantees for any funds you invest.