DellyTrade Detailed Review: Terms of Cooperation, Reviews

The brokerage company DellyTrade raises doubts about its legality, which negatively affects traders’ trust. There is a risk of encountering scammers providing fake documents from non-existent regulators. Online, you can find a lot of negative reviews about this company. However, to complete the picture, let’s carefully consider what DellyTrade really is.

Brief Information about DellyTrade Company

On the official DellyTrade website, there is no information about the number of years the company has been operating. However, according to WHOIS data, the domain was registered in March 2019, indicating a relatively recent start of the project. It is claimed that the brokerage company is operated by the offshore firm HS Group Ltd, which, according to the website, is registered at Suite 305, Griflith Corporate Centre, Beachmont. However, the authenticity of this information cannot be verified as there is no public registry of legal entities in Saint Vincent and the Grenadines.

The company claims that its activities are regulated by the Financial Services Commission (EUFMC), but this organization cannot be identified. The license with the number EU713891, as stated on the website, has long been expired (valid until December 2020).

An undeniable fact is the presence of a Russian-language version of the DellyTrade website, implying the company’s work with traders from Russia and other post-Soviet countries. It is important to note that according to Russian legislation, all brokerage companies operating in the country must undergo a registration procedure, join a self-regulatory organization, and obtain a license from the Central Bank of the Russian Federation. However, HS Group Ltd, based on the available information, did not even attempt to obtain permission from the main financial regulator of Russia.

Information about the founders of DellyTrade is absent, indicating the company’s secrecy and reluctance to take financial responsibility for clients. According to the terms of service, the company may not execute trades and also warns about possible market volatility and other risks.

What DellyTrade Offers: Review of Terms

DellyTrade promises access to over 130 trading instruments, including major currencies, commodities, cryptocurrencies, indices, and stocks. However, it should be noted that the company’s offered leverage of up to 1:1000 is extremely unusual for the market, where reputable brokers usually offer leverage 50-100 times lower. Additionally, according to reviews, DellyTrade imposes bonuses and then plunges traders into a debt trap that is difficult to escape from.

The company offers several tariff plans, but the information about the cooperation terms in them leaves much to be desired. Here are the main points:

The basic tariff plan requires investments starting from $250 and offers a 30% bonus on the deposit.
The Silver tariff starts with a minimum deposit of $3,000, offers training on trading strategies, and a 40% bonus.
The Gold tariff plan requires a deposit of $10,000, offers a 60% bonus, and an individual trading plan.
The Platinum tariff implies investments starting from $50,000, with a 75% deposit bonus and the promise of using VIP trading tools.
The Exclusive tariff plan starts with investments of $100,000 and offers a 100% deposit bonus, ready-made trading solutions, and other privileges.

Investors’ reviews indicate that DellyTrade may not pay out profits and may refuse to return the initial deposit.

Real Clients’ Reviews

Since its establishment in 2019, DellyTrade has accumulated negative reviews. Some clients note the company’s attempts to counter negative reviews with positive comments, but distinguishing real client opinions from paid ones is often not difficult.

DellyTrade Operating Scheme

DellyTrade uses a common scheme among scammers. Novices are attracted by favorable conditions such as fantastic leverage and generous bonuses. The company, without access to the real market, creates the illusion of trading. A manipulated trading platform is used to simulate trades. When DellyTrade realizes that the client is no longer planning to fund the account, “technical glitches” occur on the platform, leading to the transfer of funds from the account to the scammers’ accounts.

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Review Summary

DellyTrade rightfully deserves a place on the blacklist. These offshore scammers systematically deceive traders and misappropriate their funds. The entire company embodies signs of illegal activity: secretive conditions, hidden fees, and non-payment of profits. Our firm recommendation: do not engage with DellyTrade.