Delos Management Review: Never Trade With Brokers Like Delosmgmt.com
In a world full of scammers, it’s difficult to find a reliable broker or even a reliable source. Delos Management appeared reliable at first glance, however, deeper investigation is required before investing with any broker. Without further ado, let’s start.
Just like Cryptocycle, Delos Management is an unreliable brokerage or better said was unreliable. Luckily for traders, the broker ceased operations and our Delos Management review is here to shed bright light on the truth. Stay tuned!
Who Is Delos Management?
This broker tried his best to hide his tracks, however, no one hides from us and our reviews. Delos Management seems to have registered its domain in 2022 under the name GANDI SAS, according to WHOIS.
It seems that Delos Management was able to scam many people, and we are not talking about investing. If you type the name on the web, the review results you get disappointed us. Many reviews claim that they are a reliable brokerage, with many beneficial features. We can’t stop wondering, how?
Not only that they were operating unregulated but they also claimed to be located and registered in the UK. We already know that any broker operating from the UK needs to be regulated by the FCA, however, there is no mention of Delos Management in the FCA’s register.
Delos Management | Reliable Broker Must Have | |
Legal name | Delos Management | Transparently displayed in the disclaimer or legal documents |
Regulation | Unregulated | Within your legal jurisdiction – local regulator |
Registered in | UK, St. Vincent and the Grenadines | Your country or the country whose license applies in your legal jurisdiction |
Established | 2022 | The older the domain – the higher the possibility the company is trustworthy |
Website | delosmgmt.com | Domain should be from local or international zones, no .xyz, etc. |
Financial Authorities Warnings |
|
None |
Contacts | [email protected]
+447868811413 |
Phone, email, social media, web form |
If a withdrawal is possible | No | Yes |
Fees |
|
Transparent fees – list of spread and commissions |
If Active on Social Media | No | Often present on social media |
Investor Protection | None | Compensation fund |
Regulation Info
As aforementioned, the broker was operating without a license. It’s suspected that instead of being in the UK, the brokerage was located in St. Vincent and the Grenadines, considering that all issues will be resolved in the courts of Saint Vincent and the Grenadines. Either way, this brokerage is unreliable and shouldn’t be trusted.
Additionally, the broker operated from the UK and the US, so it’s vital to note that neither the CFTC nor the Financial Conduct Authority regulated the brokerage. To make things even worse, AnyDesk, a popular software helping scammers to gain access to your computer was required for download with Delos Management.
Never download such software because not only that you risk losing your funds but also identity theft, which can make your life difficult. Stay away from brokers like Delos Management.
Delos Management Broker Profile
With Delos broker, you were offered a suspicious web trader, and any information regarding spreads, leverage, withdrawals, and others was only disclosed after you deposited the initial $250. Getting at least one trader to deposit $100k for the Platinum account would be enough to end the scam pretty quickly.
They claim to offer fast execution and stop orders as a benefit, but let’s be real, every broker on Earth offers that and it is considered to be the bare minimum. Never deposit high amounts as you never know who is on the other side of the computer and never settle for the bare minimum.
Trading Platform | Web Trader |
Account Types | Bronze, Silver, Gold, Platinum, Premium |
Financial Instruments On Offer |
|
Maximum leverage | N/A |
Minimum Deposit | €250 |
Commissions/Bonuses | N/A |
Mobile app | No |
Desktop app | No |
Autotrading | No |
Demo account | No |
Education or Extra tools | None |
Is Delos Management Safe To Trade With?
The good thing is that trading with Delos Management is not possible any longer, however, if they did operate, trading with them would only bring you a financial loss. They were unregulated and the fact that they lied being registered in the UK raises serious problems. If they lied about a huge thing like that, imagine what they would do to you.
Additionally, the ‘benefits’ they offer are the bare minimum every broker should have so there is nothing beneficial while trading with this brokerage. Best to avoid them and similar ones like FlexTrading Fx.
How Is the Scam Carried Out?
The first thing indicating that Delos Management is a scam is the requirement to download AnyDesk software. No reliable broker would ever ask you to download such software. Additionally, brokers like this are known for their fake stories about huge profits, and in the end, you are only left with debt and stress behind you.
Traders from nations like South Africa, Switzerland, the US, and the UK were mostly affected by this scam broker. Be aware of these schemes and remember, reliable brokers don’t need to cold-call you and make you deposit because they respect your decisions.
Deposits and Withdrawal Methods
Depositing your money with Delos Management is impossible since they are closed. However, it’s vital to note that you should never deposit large sums into your account, instead, start with a small initial amount and see where it’s headed. Better to lose $250 than $100k.
Withdrawals were possible only after contacting customer support, which was a hassle. Instead of using brokers who won’t let you withdraw your funds, use better alternatives that process your withdrawal within a couple of hours. There are good brokers out there, they are just harder to find.
Can I Make Money While Trading Online?
Making money while trading online is possible with the right knowledge, strategy, and using the right broker. However, it is vital to remember that success is not guaranteed and anyone who may try to promise you profits, be sure that they are nothing but scammers.
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FAQ Section
What is Delos Management?
Delos Management was a CFD and crypto broker claiming to be located in the UK.
Is Delos Management legit?
Unfortunately, Delos Management was not a legit company and the fact that they are closed today proves it.
How Can I Get My Money From Delos Management?
First, don’t stress. Knowing that getting your money back is possible can help you ease up the situation. If you deposited via a credit or debit card, file a chargeback immediately, and if not, reach out to us for help right away.