DeliTraders Detailed Review
A short glance at the numerous DeliTraders complaints and warnings told us all we need to know about this trading firm. However, we wouldn’t leave you without complete information, so let’s start. We will show you exactly why investing your money with this firm is risky and unreasonable.
|Broker status:||Offshore Broker|
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||BaFin, FSMA, CNMV, CONSOB|
|Owned by:||Miva Solutions LLC|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Supported Platforms:||MT4, Sirix|
|Minimum Deposit:||250 EUR|
|Types of Assets:||FX, commodities, indices, futures, shares|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
What About DeliTraders Regulation?
DeliTraders is a brand owned by Miva Solutions LLC from Saint Vincent and the Grenadines. This trading firm is notorious in trading circles for its many fraudulent activities and another scam brand they have, Euro Capitals.
Since the brokerage is based offshore and has no regulations, it’s only registered with the FSA, so you have no security for your funds. There are no guarantees that you will ever be able to withdraw any money or that the broker won’t just shut down and disappear as many of these kinds do.
DeliTraders Warnings From Regulators
The broker and its owner have been blacklisted in many countries around Europe. We have warnings coming from German BaFin. The same was issued by the Spanish CNMV.
Belgian regulator FSMA stated that the company is conducting fraud and providing financial services without authorization.
Italian CONSOB stated the same, adding a broker to its black list.
Fund Withdrawal Issues With DeliTraders Broker
Since the company is clearly a scam, no wonder there are many reports about problems with withdrawals. When the broker is offshore, finding a bank that holds the money and tracking transactions is rather tricky. These types of brokers, such as DeliTraders, don’t care about clients. Instead, all they want is to gather as much money as possible and disappear at some point.
Be careful when investing funds into such companies and if you notice anything suspicious such as an account blockade or similar, let us know immediately.
Areas Of DeliTraders Scam
The broker is mainly active in Germany, Spain, Albania and Italy, according to reviews. Besides, we’ve seen negative comments from Belgium, Australia, Canada, and more. Wherever you are located, be aware that DeliTraders provides financial services without regulatory approval, and you have no guarantees of being reimbursed in case of scams.
Traders About DeliTraders Scam
As mentioned, there are a lot of complaints regarding withdrawals. Besides, the broker listed an address in London as an actual headquarters, misleading clients that they would be able to visit the office. However, once they tried, they discovered it was just a part of the broker’s scheme.
None of the reviews are positive, implying that you should be very careful when dealing with DeliTraders.
How Does Online Trading Scam Work?
Online trading scams don’t differ much from other scam types. False companies are being established with the utmost goal of extorting funds and clients’ banking details. You will be approached via social media or a trading ad, promised assistance and profits, just to end up losing your funds and looking for a refund solution.
Some brokers go a step further and prevent clients from withdrawals by freezing their accounts. If something similar has happened to you, report it immediately.
Scammed by DeliTraders? – Tell Us Your Story
If you are a victim of the DeliTraders scam, let us know immediately. Our chargeback specialists may assist you in filing a dispute and getting your funds back.
But What Is A Chargeback?
A chargeback is a way for the bank to reverse the fraudulent transaction and retrieve funds directly from the merchant. Since the process itself requires evidence submission, we advise you to get assistance. Contact us via online chat, book a free consultation and let’s get what’s rightfully yours!
What Is DeliTraders?
DeliTraders is an online Forex and CFD trading provider without a license.
Is DeliTraders A Scam Broker?
Yes, DeliTraders operates without a license and has been blacklisted in Germany, Spain, Italy, and Belgium.
Is DeliTraders Regulated?
DeliTraders is not regulated and provides financial services illegally.