Is Dalton Finance a scam broker?
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Dalton Finance is owned by Riverrun Partners Ltd. situated in London UK. It is binary options and forex broker. They started their operations in March 2017.
Account types are Starter, Silver, Gold, Platinum, Diamond, Royal, and Corporate. With starting investments in Starter Account is $1000 which has 20 percent bonus.
To use any of the services one has to create a free account first. By choosing an account type and adding funds to it you can start trading.
Dalton Finance operates on Panda Trading System which is newly popular and easy to use the platform. It has an intuitive interface which is useful for new as well as experienced traders. It has more than 200 financial assets for binary trading. They include Commodities, Forex, Stocks, and Indices.
The options available are hyper trading (call/put for 30 and 60 seconds, 2, 5, and 10 minutes time frame), one touch (increased risk and high returns), high/low (predicting whether the asset will be trading at end of expiry period), and range. The payout is as high as 85 percent and a low of 60 percent.
Mobile apps for iOS and Android are still in development stage. Dalton Finance has integrated into its system a social trading feature. It is mostly useful for beginners. In it, one can copy trade of successful trader. The system identifies most successful traders. Their details are posted on the website. To activate it one has to click on Follow button.
Dalton Finance also provides trading signals. However new traders are advised to do proper research before relying on random signals.
They have comprehensive educational resources for traders at all levels in their educational center.
It offers a simple, secure and transparent trading experience.
Dalton Finance is a scam broker as it is not a regulated one. One of the authors on .scambroker.com owns a legitimate business with similar name Dalton Financial LLC which is registered investment advisory firm. He has received many complaining calls of Dalton Finance. He has directed everybody to FBI’s site to lodge their complaints there. He is suffering bad reputation because of misdoings of Dalton Finance as people searching for his firm see a scam on the page.
There are many complaints regarding managed accounts. The online scam works like this – You get a call from forex/binary options broker who offers to invest your money for a small negligible fee. And you very well know forex, binary options, and cryptocurrency are very risky. By authorizing a broker in a managed account to trade i.e. your account you are giving money to the unknown, whom you have never seen or met or know nothing about. And do you know many brokers make money when you lose. Had the broker been such a good trader why is he interested in your money; he should use their own money and make him-self wealthy.
Always get risk level control feature to set and minimize the risk of losing funds.
Dalton Finance is a scam broker and if you have been a victim then contacts MyChargeBack as soon as possible. They will help and guide you step by step to recover your funds. If considerable time has elapsed it becomes difficult to recover funds as there is a time limit by which you have to file your complaints.