DeliTraders is not a licensed or regulated broker even though it states offers that look good to be true. DeliTraders claims to be owned and operated by Miva Solutions LLC, a company authorized and regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA).
We indeed find a match result to Miva Solutions LLC in SVG FSA. However, please be informed that SVG FSA does not regulate forex brokers or issue forex licenses. Therefore, having the registration does not mean being authorized to provide financial services.
Besides, DeliTraders claims to be regulated by "International Financial Market Regulation Center (IFMRC)". However, the "IFMRC" is not a forex regulator. In other words, it is not a valid regulation.
What's more, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that DeliTraders is not authorized to provide financial services in Italy. You can check the full warning from here.
The truth is, DeliTraders is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like DeliTraders and trade with licensed brokers.
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