DeltaStock, a renowned online brokerage firm, empowers traders with a diverse range of investment opportunities spanning across forex, stocks, cryptocurrencies, and commodities. This detailed review delves into the core attributes of DeltaStock, encompassing facets such as their demo contests, MetaTrader 4 downloads, and regulatory standing. Your path to making informed investment decisions starts here.
Overview of DeltaStock
Founded in 1998 within the heart of Bulgaria, DeltaStock AD stands tall as a financial services company. Situated in Sofia, Bulgaria, it operates under the license and regulation of the same nation. The company specializes in facilitating forex and CFD trading across the European Union, excelling in areas such as asset variety, customer service, and cutting-edge trading technology.
Delta Trading 6
Delta Trading 6 (DT6) takes center stage as DeltaStock's proprietary trading platform. This comprehensive system offers a wide array of features, including customizable layouts, comprehensive trading statistics, and an extensive selection of analytical tools.
User-friendliness is paramount to the DT6 experience, boasting over 80 technical indicators and supporting nine languages. The platform extends its appeal through an array of order types, incorporating conditional orders that enable the construction of intricate trading strategies and semi-automated trading.
You can access the platform through a download for Windows computers or opt for the browser-based version, which requires no installation. However, do note that the browser-based version offers a more limited selection of order types and features only 40 technical indicators.
DeltaStock proudly provides access to MetaTrader 4 (MT4), a platform widely embraced by traders across all experience levels and trading styles. MT4 offers an information-rich environment coupled with a sleek, user-friendly interface.
Traders have the liberty to execute various order types and even employ expert advisors for fully automated trading. MT4 boasts over 50 technical indicators, 30 charting tools, and an extensive price history database. Customizability is another highlight, allowing traders to create personalized indicators and configure the platform to suit their preferences.
MT4 is available in 28 languages and supports both Windows and Mac computers. A browser-based version is also accessible via the DeltaStock website, although it offers fewer functionalities compared to its desktop counterpart.
DeltaStock takes pride in offering a substantial array of tradable instruments. Their collection includes 79 forex pairs, 750 global stocks, 23 stock indices, 67 exchange-traded funds (ETFs), 15 cryptocurrency pairs, four futures, four commodities, and four precious metals.
Spreads & Commissions
Spread values vary according to the market and account type. Notably, majors feature ultra-low spreads, with figures as impressive as 0.4 pips for the EUR/USD pair, 1.2 pips for the GBP/USD, and 1.3 pips for the EUR/GBP.
Commissions are levied on shares and ETFs, at 0.1% for DeltaStock accounts and 0.2% for MT4 accounts. For clients opting for the MT4 Commission account, tighter forex spreads are on offer, but they incur a commission of $0.06 per minimum lot on all FX pairs. Fortunately, accounts are commission-free for all other trade types. Additionally, the broker imposes swap fees for holding positions overnight.
For retail traders in Europe, leverage caps are set at 1:30 for forex pairs, 1:20 for gold, and 1:10 for silver, indices, futures, and commodities. Cryptocurrency trading allows leverage up to 1:2, while stocks offer a range from 1:5 to 1:1.67, and ETFs vary from 1:5 to 1:1.33.
Professional clients enjoy certain concessions in exchange for reduced legal protection.
Their access to leverage increases to 1:200 for forex, 1:100 for gold, silver, and indices, 1:20 for futures and commodities, and 1:4 for cryptocurrencies. Stocks leverage ranges from 1:20 to 1:1.67 for professional clients, while ETFs can be leveraged up to 1:1.33. It's important to note that cash CFDs provided by DeltaStock cannot be leveraged, requiring traders to front the entire trade value.
Delta Trading Mobile
For traders on the move, DeltaStock offers a mobile version of its DT6 platform, available on both iOS and Android devices. The DeltaStock app provides comprehensive price history data, various charting options, and order types, all complemented by real-time market news and economic analysis. The only drawback is the slightly simplified trader interface.
MetaTrader 4 also extends its reach with a mobile version designed for traders on the go. The MT4 app encompasses three charting and order types, supported by 40 analysis tools and real-time pricing. What sets it apart is the ability to have multiple charts and instruments open concurrently. You can conveniently download this app on your Android and iOS smartphones and tablets.
DeltaStock accommodates several payment methods for your financial transactions, including bank transfers, ePay, Mastercard, and Visa payment cards. Payment cards and ePay incur a 2% charge, whereas wire transfers remain free within the European Economic Community (EEC), provided they are conducted in BGN or EUR. For other wire transfers, banks impose transfer fees, beginning at 1 BGN. The minimum accepted deposit stands at $100 or its currency equivalent.
Withdrawals align with the same method used for the deposit. Payment card and ePay withdrawals are free, while wire transfer withdrawals are subject to the earlier mentioned charges.
DeltaStock extends an invitation for traders to explore their offerings through demo accounts, available on both the Delta Trading 6 and MetaTrader 4 platforms. These accounts serve as a valuable tool for testing different brokers, familiarizing yourself with fee structures, trading instruments, and platform functionalities. They also facilitate the exploration of new trading strategies and markets.
These demo accounts come preloaded with up to $1,000,000 of simulated capital, ensuring that none of your own funds are at stake. However, it's worth noting that these accounts will be closed after 90 days of inactivity. Furthermore, DeltaStock conducts a demo account contest, where participating traders are ranked each month, commencing with a generous starting capital of 10,000 EUR, all in pursuit of maximizing their profits, even though there are no rewards for the winners.
Rewards and Bonuses
Professional clients are entitled to a range of welcome bonuses and incentives, although these remain unavailable to retail clients. These bonuses include:
- 10% compensation for annual losses (up to €5,000)
- 30% cashback on deposits
- €50 no deposit bonus
DeltaStock is a licensed and regulated entity under the watchful eye of Bulgaria's Financial Supervision Commission (FSC). It also adheres to the European Union Market in Financial Instruments Directive (MiFID II), extending its services to clients across the EU and the UK. In addition, the Investor Compensation Fund (ICF) protects clients, offering insurance coverage of up to 40,000 BGN ($24,000) should the broker be unable to fulfill profit payouts.
DeltaStock remains committed to keeping its clientele well-informed, updating its website daily with technical analysis on major instruments, market statistics, and currency correlations. Moreover, it offers comprehensive information about central banks and their interest rates.
An educational center within the DeltaStock website houses a wealth of resources, categorized into basic and advanced trading. These resources encompass articles and lessons on terminology, strategies, and analytical techniques, complemented by a gallery of video tutorials. The broker provides support and resistance tables, an economic calendar, as well as a currency conversion and fee calculation tool.
DeltaStock Account Structures
In contrast to many other brokers, Delta Capital does not employ different account tiers based on trader experience or capital. Instead, they categorize their accounts by the trading platform used.
- The DeltaStock account provides access to the broker's proprietary trading platform, offering competitive spreads and access to the full range of tradable instruments.
- The MT4 Standard account grants access to the MT4 platform, albeit with less competitive spreads and without support for cryptocurrencies, ETFs, and futures contracts.
- The MT4 Commission account boasts the tightest spreads and MT4 platform access, but it introduces a commission charge of $0.06 per minimum trade size.
The minimum deposit requirement for all these accounts is $100.
Trading is possible whenever the markets are open. Notably, DeltaStock also facilitates account and asset management during weekends.
- Forex and cryptocurrency markets are accessible 24 hours a day, commencing at 00:00 EET on Monday and concluding at 23:00 EET on Friday.
- Gold, silver, futures, and commodities markets are open nearly 24 hours a day, initiating at 01:00-03:00 EET on Monday and ceasing at 23:00 EET on Friday, with daily breaks of 1-3 hours at midnight.
- The trading hours of stocks, ETFs, and indices are subject to local market opening times.
DeltaStock's customer support team is available to assist you from Monday to Friday, between 08:45 and 17:45 EET. They can be reached via telephone or email, and they are also active on various social media platforms:
- Front Office Email – email@example.com
- Sales Email – firstname.lastname@example.org
- Telephone – +359 2 811 50 50
As a regulated entity within the EU, DeltaStock is required to uphold stringent cybersecurity and safety protocols. This encompasses encrypting all website traffic using Secure Sockets Layer (SSL) encryption, fortified by firewalls and robust authentication systems. Additionally, client funds are meticulously held in segregated accounts, safeguarded for the sole purpose of fulfilling client requests.
The Final Verdict
DeltaStock shines as a comprehensive platform, presenting traders with a wealth of investment opportunities, a diverse assortment of assets, and user-friendly trading platforms. While their fee structure may not be the most competitive, their commitment to regulation, security, and educational resources makes them a viable choice for traders of all levels.
In the dynamic world of online trading, DeltaStock remains a serious contender, bringing a wide array of benefits to the table.
Benefit and Drawbacks
Advantages of Trading with DeltaStock:
- Extensive education center
- A vast selection of over 1,000 tradable products
- Access to the powerful MT4 platform
- Price forecasts
- Compliance with EU regulations
- Security measures for your peace of mind
Drawbacks of Trading with DeltaStock:
- Commissions on ETFs and shares
- No Islamic account option
- Transaction fees
With the assurance of regulation and a commitment to trader education, DeltaStock stands as a versatile and reliable choice for traders seeking a comprehensive trading experience.
DeltaStock Broker Review
Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.