Delon-T – Can We Trust Them?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Delon-T- DO NOT TRADE WITH THIS PROVIDER
2.4/10
$100
Minimum Depositupdated 2024
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://delontpec.com
Founded: 2024
Regulations: Unregulated
Languages: English, Russian, Spanish, German, French, Italian, Chinese
Deposit Methods: Crypto
Minimum Deposit: $150
Free Demo Account: N/A
Number of Assets: N/A
Types of Assets: Commodities, Metals, Indices, Cryptocurrencies, Currencies, Stocks
Trading Accounts and Conditions
Delon-T claims to offer their clients the following types of trading accounts:
- Basic: There is a $150 minimum deposit requirement. The leverage is 1:100.
- Medium: There is a $1,000 minimum deposit requirement. The leverage is 1:500.
- Professional: There is a $10,000 minimum deposit requirement. The leverage is 1:500.
The broker claims to have transparent commissions, but does not mention what they are. Spreads are not mentioned on the broker’s website, but on their trading platform, they start at 0.1 pips for all major currency pairs. Other trading conditions are not specified.
Delon-T – Advantages
There are no advantages to trading with Delon-T.
Delon-T – Disadvantages
Here are all the reasons why it would not be safe to do business with Delon-T:
-
Lies About Regulation Status
The first red flag that tells us that we should never trust Delon-T is their false claims of being regulated.
On their website, the broker claims to have not one but four licenses to operate. Further down, on their footer of their website, the broker claims to be based in Cyprus and that they are regulated by the Cyprus Securities and Exchange Commission.
Then, on the sub-page, the broker claims to be further regulated by authorities in the UK, Australia and Dubai. The broker provides copies of their licenses to support these claims.
All of these claims sound very legitimate, unless you know what to look for.
First, this broker does not specify their company name. And, in their contract/Client Agreement, the broker claims to follow the laws of the Republic of Vanuatu, which is an offshore location know to harbor scammers due to their lax financial regulations.
Next, those licenses that the broker has provided are fake. When you click on the link, it seems that you are taken to the regulator’s website, where you can see this company (Delon-T) listed. However, if you check the domain name, it is not the domain of the real regulator. When you go directly to the regulator’s website and do a manual search for this broker, you get no results.
This is an elaborate way to fool customers into thinking that they are dealing with a real, regulated broker, when the reality is that Delon-T is an anonymously operating scammer.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
-
Warning Issued by Russian Regulator
When you access the Delon-T website for the first time, the default language is Russian, which leads us to assume that this broker is targeting Russian traders.
So, we checked the Bank of Russia’s database for any information on this broker. We found out that Delon-T is not regulated by this financial regulator, but the Bank has issued a warning against this broker.
According to the warning, all traders should beware of this broker because they are scammers and not real financial services providers.
A warning such as this is more than enough proof that we are dealing with an untrustworthy scammer here.
-
Issues with Trading Platform
Delon-T claims to have been awarded the Most Reliable Trading Terminal by the IAFT Awards. This claim is unfortunately a lie.
When we registered for and logged into an account with this broker, we found out what this broker really offered as a trading terminal.
Delon-T offers their clients a very basic trading platform, one that we have frequently seen being used by scammers. The platform has basic features for buying and selling and a limited number of functions, but it does not come close to what a seasoned trader would expect from a trading terminal.
A broker that skimps on their main product offering, i.e., their trading terminal is clearly is scammer.
-
Issues with Trading Conditions
Another sign that we are dealing with a scammer is the lack of clarity in this broker’s trading conditions. Along with a broker’s trading platform, their trading conditions are vital to a fair, competitive and advantageous trading environment.
We have already noted that Delon-T has compromised on the quality of their trading platform. And now, when we assess their trading conditions, we find them wanting too.
The minimum deposit is only affordable for the Basic account; the rest of the accounts are too expensive. The leverage of 1:500 is too high. Such leverage ratios are dangerous, especially for the less seasoned traders. High leverage means high risk, so while chance of a big win may be attractive, the harsh reality is that most trades end badly. And this means that when traders take on such high risks, they can go bankrupt. This is something that regulators are also trying to prevent. Which is why most of the strong regulators around the world have placed stringent limits to the amount of leverage allowable for a trade. And in most of the countries that Delon-T is targeting, the 1:500 leverage ratio is illegal.
-
Lies About Payments
On their website, Delon-T claims to offer their clients 8 different liquidity providers. These claims are all lies. When we checked this broker’s payments section, we found out that there was only one way to make payments – using cryptocurrencies.
When a broker lies about their payment options, and then only options crypto payments, it is a clear sign that they are out to scam you. Crypto payments are all anonymous and permanent – once the transaction is completed, you will not be able to trace your funds.
Conclusion
Delon-T is a scam operation that has lied about almost everything. This broker is anonymous and has been blacklisted by the Bank of Russia. This is the kind of broker all traders need to avoid.
Delon-T
Pros
- None
Cons
- Lies About Regulation Status
- Warning Issues by Russian Regulator
- Issues with Trading Platform
- No Trading ConditionsIssues with Trading Conditions
- Lies About Payments
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more