Editor’s Verdict
Overview
Review
Headquarters | Bulgaria |
|---|---|
Regulators | FSC Mauritius, MiFID |
Year Established | 1998 |
Execution Type(s) | Market Maker |
Minimum Deposit | $100 |
Trading Platform(s) | MetaTrader 4, Proprietary platform |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
Deltastock, incorporated in 1998 and headquartered in Sophia, Bulgaria, is an online Forex and CFD broker regulated under MiFID. It is also regulated by the Bulgarian Financial Supervision Commission a member of the ESMA (European Securities and Markets Authority) as well as the FSC.
Accounts
There are two accounts to choose from at Deltastock. The Delta Trading Live Account enables traders to trade Forex, Spot Gold and Silver, CFDs on stocks, indices, and ETFs, CFDs on Brent and WTI Crude Oil Futures using the platform Delta Trading. The required minimum deposit for opening this account is $100 or the equivalent.
With a MetaTrader 4 Live Account, traders can trade Forex, Spot Gold and Silver using the MetaTrader4. The required minimum for opening a MetaTrader4 Live Account is also $100 or its equivalent.
All account holders are assigned a dedicated account manager.
I was pleased when doing this review to see that either of the above accounts can be used as a demo account and is available for traders of all levels.
Features
Traders using the Delta Trading account can benefit from Deltastock’s advanced yet user-friendly trading platform with a wide variety of instruments including 80 currency pairs, Gold & Silver, over 1,000 CFDs on Shares, Indices, Futures, and ETFs.
Trades can be made with both fixed and variable spreads, all in one platform.
There are professional live charts, over 80 technical indicators and charting tools and a host of versatile order types.
With the Deltastock MetaTrader 4 account traders have use of the most popular trading terminal in the world. Here they can trade 80 currency pairs, Gold and Silver with tight dealing spreads (from 1 pip), no re-quotes and no commissions.
There is variety of order trypes to choose from including market, limit, stop, trailing stop and a large number of technical indicators, professional charts and Expert Advisors (EAs).
Desktop and mobile versions (iPhone, Android, Windows Mobile) of the platform make trading from anywhere at any time an easy endeavor.
Education
There is a variety of free trading resources at Deltastock such as technical analysis, live quotes on futures, indices and Forex, a currency converter and real-time news provided by Thomas Reuter.
Technical Analysis
An economic calendar provides a schedule of key global economic events coming in the next 5 days and interactive graphs illustrate economic indicators' historical data, market expectations, actual values and calculated volatility. Each indicator is accompanied with a brief description, helping the novice trader get used to Forex and CFD trading.
One of the most popular methods in technical analysis used by both institutional and retail traders is determining the resistance and support levels using the so-called Pivot Point, which is the starting point when defining market sentiment as bullish or bearish. Deltastock provides an ongoing live pivot point graph as well as other technical tools for determining resistance/support levels which include prior tops/bottoms, trend lines and trend channels, Moving Averages and Fibonacci Retracements.
Deltastock also posts listings of central bank interest rates, market stats on the most popular stocks and updated relationships between one currency and another.
Currency Correlation
Interest Rates
An extensive selection of videos is provided on the basics of trading, as well as trading fundamentals, advanced trading techniques and as guides for using either the Delta Trading 6 or the MetaTrader4 trading platforms.
There is also a full glossary of financial terms.
Bonuses/Promotions
Deltastock is big on bonuses with several being offered at the time of this Deltastock review. All new Deltastock clients who open a live trading account and fund it with $100 or more receive a 10% trading bonus on their first deposit, or up to $1,000.
In celebration of their 15th anniversary they were offering a 15% cashback promotion and a 20% Cashback Bonus was awarded on an initial deposit if it was made using the online payment system Skrill. This is the first time I have ever seen this sort of promotion.
In addition, a Refer-a-Friend promotion was in place whereby each live trading account opened by a friend brought bonuses both to the original account holder and his/her referred friend. Depending on the initial deposit to the newly opened account, this promotion started with $50 for each deposit of up to $2000 and as much as $200 for a deposit of over $4000.
Deposits/Withdrawals
Depositing funds into a trading account can be done using bank wire transfers, MasterCard and VISA Credit/Debit Card, or Skrill. There are no commissions of fees involved.
Withdrawals are made via bank wire with a minimum fee of $1.00 or by credit/debit card with of fee of 2% of the payment amount.
Customer Support
Customer Support Methods |   |
|---|---|
Support Hours | 24/5 |
Website Languages |
Deltastock maintains two offices—one in Sophia, Bulgaria and the other in Bucharest, Romania and traders can reach representative by telephone at either of these two locations. Phone calls can be placed locally between the hours of 9am and 5pm local time.
Multilingual (over 28 languages) customer support is offered 24/5 and there is a dedicated customer service 24-hour support by phone, email and live chat.
Conclusion
Deltastock offers one of the most user-friendly interfaces in the industry. With a low minimum deposit for both Forex and CFD trading and multiple regulations to secure the utmost in client safety, Deltastock makes every effort to serve the needs of both new and experienced traders. Deltastock does not currently accept traders from the USA, Japan, Cuba, Iran, Iraq, North Korea, Sudan, Syria, Libya, Lebanon, and a host of other countries which is a shame because of their quality services.
Features
At Deltastock, traders can benefit from a host of standard features. Most noteworthy is the user-friendly interface and easy website navigation. Their two platforms offer a great choice between the popular MetaTrader4 trading platform and their own proprietary platform, the Deltastock Trader 6 with its list of recently added features including the ability to customize the various trading platforms. There are only two trading accounts to choose from and they can both be opened with as little as $100.
Platforms
Deltastock offers two different trading platforms.
Delta Trading 6
The proprietary Delta Trading 6 platform was a year in the making and involved intense development and numerous additions to its beta version. The latest and final version of the platform was introduced recently and traders can now take advantage of the broker’s experience in capital markets.
Delta Trading Version Comparison
The Delta Trading 6 can be customized and each panel can be moved and re-arranged to suit the user’s individual preferences and trading style. It is available in 8 languages: English, French, Italian, German, Spanish, Russian, Romanian, and Bulgarian and is fast and secure.
With the Delta Trading 6 platform, traders can trade in Forex, Gold and Silver, CFDs on Energy, Commodity, and Financial Futures; CFDs on Shares, Indices, and ETFs listed on the major world stock exchanges from their Desktop, Web, or Mobile versions.
Delta Trading Mobile Platform
MetaTrader 4
With the Deltastock MetaTrader 4 traders can use the following order types: market orders, pending orders such as stop loss and take profit allowing traders to close their position at predefined prices to limit their loss or set profit level. Trailing stop orders are available to maximize profits.
MetaTrader 4 MultiTerminal is the ideal solution for traders wishing to manage several trading accounts. It allows professional traders to simultaneously trade with thousands of Forex accounts, all at the same time.
The Deltastock MetaTrader 4 offers many features including access to a number of built-in technical indicators, such as MACD, Bollinger Bands, Parabolic SAR, Relative Strength Indicator, etc., as well as a wide range of drawing tools. In addition, MetaTrader's built-in programming language, MQL 4, enables you to create in just a few steps your own custom indicators.
The most favorable feature in MetaTrader 4 is the full automation of the analytical and trading processes, which is done via usage of already developed or custom created Expert Advisors. Expert Advisors place and adjust orders, set alerts and place trailing stops orders with no human intervention.
Traders can use the МetаTrader 4 to trade Forex, Gold and Silver on both Desktop and Mobile devices.
Trading Platform
MT4 | |
|---|---|
MT5 | |
cTrader | |
Proprietary Platform | |
Automated Trading | |
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |