Forex trading is made easy and accessible, this is what DeltaStock is known for. The company was established back in 1998 in Bulgaria as a financial services company. It is both licensed and regulated in the country and offers forex trading, shares, cryptocurrencies, and commodities.
DeltaStock’s focus is on offering excellent service for trading throughout the EU, a range of assets, stellar customer service, and trading technology.
Minimum Deposit
The minimum deposit for each DeltaStock account is $100. This makes the online broker very accessible for clients with different budgets. Also, for those who want to try different levels of risk with foreign currency trading.
Crypto Trading
Deltastock offers great options for traders interested in cryptocurrencies. With this broker, clients can trade some of the most common cryptocurrencies (Bitcoin, Ether, Litecoin, Bitcoin Cash) without a specific crypto wallet.
Moreover, they can trade both downward and upward market movements. Another good reason to choose DeltStock for crypto trading is the access to mini cryptocurrency CFDs offered at a 10% lower price.
Commissions & Spreads
Spreads may vary depending on the account and the market. However, we can make a general overview where the spreads on majors go as follows: 1.2 pips for GBP/USD, 0.4 pips for EUR/USD, and 1.3 pips for EUR/GBP.
DeltaStock also charges swap fees for open holding positions overnight.
Commissions are charged on ETFs and shares at 0.1% for DeltaStock accounts and 0.2% for MT4 accounts. Clients with MT4 accounts also pay a commission on all forex pairs ($0.06 per minimum lot) but benefit from tighter forex spreads. All other trading accounts are commission-free.
Leverage
Retail traders in Europe get leverage rates with caps at 1:30 for forex trading, 1:10 for indices, features, commodities, and silver, and 1:20 for gold. Crypto trading can be leveraged at 1:20, ETFs range from 1:5 to 1:1.33, and stocks range from 1:5 to 1:1.67.
Professional clients can leverage up to 1:100 for gold, indices, and silver, 1:20 for commodities and futures, 1:4 for cryptocurrencies, and 1:200 for forex trading, stocks range from 1:20 to 1:1.67 and ETFs can be leveraged up to 1:1.33.
The cash CFDs cannot be leveraged, so traders must front 100% of the trade value.
Bonus & Promotions
At DeltaStock clients and traders will find generous bonuses including a forex bonus scheme and many other promotional options. All new clients opening a live trading account with $100 initial funding receive a trading bonus of 10% on their first deposit, or up to $1,000.
They often have event offers such as 15% cashback and a 20% Cashback Bonus for their 15th anniversary.
Also, they have a Refer-a-Friend promotion with generous bonuses starting with $50 and reaching up to $200 for each new deposit for both the original account holder and the referred friend. The same is valid for the forex bonus.
Trading Platforms
Web & Desktop
Delta Trading 6
This is the broker's trading platform which is perfect for online trading. The DT 6 is a well-organized platform with a wide range of features such as online forex trading statistics, different analysis options, and a customizable interface.
The platform is quite intuitive and accessible in nine languages with over 80 technical indicators. Delta Trading 6 can be downloaded directly from the broker’s trading website, there is also a browser-based alternative that doesn’t require installation or download.
However, there are fewer technical indicators and order types in the web-based platform.
MetaTrader 4
DeltaStock provides access to one of the industry’s top online trading platforms the MT4. It is well known among traders and because it offers a data-rich environment, an easy-to-use interface and so much more.
The platform features 30 charting tools, 50 technical indicators, automated trading and detailed price history. The platform can be personalized and allows the creation of its custom indicators.
Mobile
Delta Trading Mobile
The DT6 online trading platform is available for both iOS and Android devices. It has a lot to offer detailed price history across financial markets, different charting options, online forex features, an economic analysis stream, and regular updates. The only inconvenience can be caused by the cut-down trader interface.
MT4 Mobile
MT4 is available also for mobile traders on the go. It is very convenient for foreign currency trading. The app is available for both iOS and Android and boasts real-time pricing, 40 analysis tools, three order and charting types, and much more. The best part is that several charts and instruments can be opened at the same time.
Account Types
Unlike other brokers, DeltaStock doesn’t offer different tiers for traders with different experience levels or capital. The forex broker splits the accounts by the trading platform used. The broker's trading platform offers competitive spreads and a full range of tradable instruments.
The MT4 Standard account is based on the MT4 platform but unfortunately offers the least competitive spreads and no access to ETFs, futures, and cryptocurrencies.
Demo Account
Demo accounts are available and can be opened using both trading platforms. These accounts are a great way to test different brokers, helping clients get an idea about the usage of trading instruments and platforms. The demo forex account is the perfect place to explore new trading strategies and markets. Opening a demo forex account is quite straightforward with this forex broker.
The demo account is loaded with up to $1.000.000 of simulated money, so all trading is risk-free.
Client and Capital Protection
In compliance with the regulatory requirements, the broker keeps its assets separate from its clients’ assets. Moreover, the latter is guaranteed by the Investor Compensation Fund (ICF). The broker regularly transfers legally required cash payments to the ICF used to compensate clients in cases such as bankruptcy proceedings and others. The fund also pays out compensations to every client of the broker up to 90% of the amount of the receivable but not more than 20,000 EUR.
Payment Methods
The supported payment methods at DeltaStock include bank transfers (free), ePay (2% charge), Visa and Mastercard payment cards.
Withdrawals can be made only using the same method as the deposit and are free for both payment cards and ePay.
Deposits & Withdrawals
Clients have a variety of options to choose from when it comes to depositing funds to a trading account. They can use a MasterCard, Visa, Credit/Debit Card, Skrill, or bank wire transfer. The transfers are commission-free.
Withdrawals, on the other hand, have a minimum fee of $1.00 for bank wires and 2% of the payment account for credit/debit cards.
Customer Support
DeltaStock offers excellent customer service in over 28 languages. Support is offered 24/5 by phone, email, or live chat. The customer support team can also be contacted on social media. Working hours are local Monday to Friday from 08:45 to 17:45.
Education
If a client wants to learn more about currency trading DeltaStock has a variety of free resources including live quotes on Forex, indices, and futures, technical analysis, currency converter, and even real-time news.
An economic calendar is also available and provides key global economic events, historical data, interactive graphs, market expectations, calculated volatility, actual values, and much more. To make it easy for novice traders each indicator is accompanied by a brief description there is a full glossary of financial terms and an extensive selection of videos both for novice and advanced traders.
