ANSWER No matter how tempting the deals it offers, we strongly suggest you avoid Deltascrypto.Deltascrypto displays two license numbers on its homepage but fails to provide the specific regulators that supervise it. Such a statement lacking critical information raises concerns about this broker's authenticity and legitimacy. This is a red flag. Furthermore, in a warning issued by the Swedish financial regulator—Finansinspektionen (FI), Deltascrypto has been identified as an unauthorized firm conducting illegal business. Two months after the FI warning, the Financial Conduct Authority (FCA) issued a warning against Deltascrypto either, identifying it as a clone.Both the unlicensed status and the warnings point to the fact that Deltascrypto is a scam. Without regulatory oversight, investors dealing with it are exposed to significant risks such as fraud or identity theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Deltascrypto and instead choose a fully regulated one.
See more