DeltaStock Review 2024
Website: www.deltastock.com
Min. Deposit: US$ 100
Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5, Delta Trading Web, Desktop, and Mobile
Regulation: FSC
Headquarters: Bulgaria
Founded: 1998
Regulatory Licenses:
- Deltastock AD - authorized by FSC (Bulgaria) license no RG-03-146
Updated on January 16, 2024
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In order to provide a comprehensive and unbiased review of DeltaStock, our team conducted a thorough analysis by comparing the broker against a set of criteria derived from our experience and extensive research involving over 1000 brokers. This method ensures that we cover all essential aspects of the brokerage service, including regulatory compliance, trading platforms, financial instruments offered, fees, customer service, and more. Our aim is to provide potential traders with a detailed overview, allowing them to make an informed decision.
DeltaStock is a Bulgaria-based Forex trading broker that offers a vast array of financial instruments, including Forex, shares, commodities, indices, crypto CFDs, and more. The broker is regulated and authorized by the Financial Supervision Commission (FSC) in Bulgaria, a regulatory body that ensures the stability and integrity of the financial sector by enforcing regulatory standards and protecting investor interests.
Pros
Offers a wide range of financial instruments
Low minimum deposit requirement
Access to advanced MT4 and MT5 trading platforms
Comprehensive educational materials and resources
Cons
No 24/7 customer support available
Operates under a single regulatory body
Is DeltaStock Safe or a Scam? ▲
DeltaStock is a regulated brokerage entity authorized by the European FSC (Bulgaria), making it a safe choice for traders. The regulatory authority enforces strict rules and regulations to uphold high standards in the financial industry, ensuring that DeltaStock complies with these standards.
Is DeltaStock Legit?
Yes, DeltaStock is a legitimate and regulated financial trading provider that adheres to the necessary regulations for offering Forex trading services. The broker’s commitment to compliance with industry standards is reinforced by its regulation under a respected European authority. Our DeltaStock Trust Score is ranked at 8.5 out of 5, indicating a good reputation and reliable services provided. However, we recommend conducting your research, reviewing customer feedback, and considering personal factors before deciding to engage with the broker.
Client Trading Protection
DeltaStock maintains regulatory standards aimed at safeguarding client interests. The broker implements encryption and security protocols to protect clients’ personal and financial information. Additionally, the firm offers protections such as negative balance protection, ensuring clients do not incur losses exceeding their account balance. It is advised to conduct thorough research, including reading user reviews and considering other factors, to evaluate the broker’s reputation and legitimacy.
Leverage is a powerful tool that allows traders to enter the market with limited capital but also poses risks of substantial profits or losses. Understanding the implications and risks associated with leverage is crucial before its use in trading activities. According to FSC regulation, European traders are eligible for a maximum of up to 1:30 for major currency pairs, with the potential for higher leverage of up to 1:200. It’s important for traders to have a comprehensive understanding of how leverage works and its possible consequences.
Account Types
In our comprehensive examination of the brokerage's offerings, we observed that the broker provides a variety of account options tailored to satisfy the diverse trading needs and preferences of its clientele. These account configurations span across DeltaTrading Standard Accounts, MetaTrader 5 Live Accounts, MT4 Trading Accounts (encompassing both standard trading and trading that incorporates commissions), and DeltaStock Pro Accounts.
Opening DeltaStock Trading Account
Initiating an account with this broker is a straightforward and quick process. Interested parties can initiate the registration by navigating to the DeltaStock website and following these steps:
Navigate to and select the "Open Account" option
Input the necessary personal details (including name, email, phone number, etc.)
Upload the required documents for verification (proof of residence, identification, etc.)
Complete an electronic questionnaire to confirm your trading expertise
Upon the activation and verification of your account, you can proceed with depositing funds.
DeltaStock Fees
Upon detailed analysis of the brokerage's fee structure, it became evident that DeltaStock offers competitive pricing across its trading services. The fee structure varies with the choice of account and includes charges related to spreads, swap rates, and other transactional costs. To obtain the most precise and current details on DeltaStock's fee schedule, traders are encouraged to consult the broker's official website or connect with their customer support team. This will ensure access to comprehensive fee information and updates on any recent changes. In our comparative evaluation against 1000 other brokers, DeltaStock's fees are considered low to average, with a revised overall rating of 4.0 out of 5.
In our trading tests, we discovered that the broker offers competitive spreads, both fixed and variable, with the EUR/USD currency pair averaging a spread of 0.8 pips in the Forex market. It is important to note, however, that spreads may fluctuate based on market dynamics, including conditions of volatility and liquidity. For precise information on the spreads applicable to specific instruments and account types, it is recommended to refer to the broker’s website or engage with their customer support. In comparison with other brokers, DeltaStock's spreads are considered low to average, achieving a rating of 4.3 out of 5. This assessment is based on our findings that Forex spreads are below the industry standard of 1.2 pips, and spreads for other instruments are also found to be competitive.
In our comprehensive analysis, the broker offers a variety of payment methods to facilitate both deposits and withdrawals for its clients, including traditional bank wire transfers, payments via credit/debit cards, and a selection of electronic payment processors. These options provide clients with the flexibility to select the method that best aligns with their personal preferences and requirements.
The broker's funding methods received a commendable rating, scoring 4.0 out of 5. The fees associated with these methods are competitively low, and clients have the advantage of choosing from various account-based currencies, enhancing the overall convenience and efficiency of financial transactions.
Pros
Multiple funding options enhance flexibility
Low transaction fees
Variety of accountbased currencies
Cons
Limited information on withdrawal times
DeltaStock Minimum Deposit
To initiate trading with the broker, a minimum deposit of $100 is required to open a live trading account. This is notably lower than the $500 minimum deposit required by most other brokers, making it more accessible for a wider range of traders.
DeltaStock Withdrawals
Our research indicates that the withdrawal process is both straightforward and expedient. Additionally, the broker does not charge any fees for the withdrawal of funds, which is a significant advantage for traders.
Withdraw Money from DeltaStock Step by Step:
To withdraw funds from your trading account, the broker outlines a standard procedure:
1. Log in to your account
2. Select 'Withdraw Funds' from the menu
3. Enter the amount to be withdrawn
4. Choose your preferred withdrawal method
5. Complete the electronic request form
6. Confirm the withdrawal details and submit
7. Monitor the status of your withdrawal through your account Dashboard
DeltaStock provides a diversified selection of trading platforms to meet the varied preferences and requirements of its users. The MetaTrader 4 and MetaTrader 5 platforms are available, renowned for their sophisticated charting tools, technical analysis features, and support for algorithmic trading.
The Delta Trading Web platform offers a web-based interface, allowing for convenient trading from any device with internet access. For those who prefer a software-based solution, DeltaStock also provides desktop platforms compatible with both Windows and Mac operating systems. Furthermore, mobile trading apps are available, offering traders the flexibility to engage with the markets while on the move and ensuring real-time access to their trading activities.
DeltaStock's platform is highly regarded, with a rating of 4.4 out of 5, in comparison to over 1000 other brokers. Its provision of advanced trading platforms and mobile apps is a notable strength.
Trading Tools
The broker offers a comprehensive suite of trading tools designed to aid traders in making informed decisions and enhancing their trading experiences. These tools include advanced charting features, technical analysis indicators, and integrated risk management tools across their platforms such as MT4 and MT5. Traders also have access to market analysis resources, economic calendars, and other pertinent information to keep abreast of market trends and events.
The broker provides customer support services 24/5 through live chat, email, and phone lines. The support team is comprised of trading experts capable of offering technical support, analysis recommendations, general inquiries, and assistance with operational issues.
Based on our evaluation, DeltaStock's customer support is rated 3.9 out of 5. The team demonstrates responsiveness and efficiency during working days, ensuring timely and effective assistance.
The broker offers a range of educational resources aimed at enhancing the trading knowledge and skills of their clients. These resources encompass learning courses, video tutorials, articles, and other educational materials, covering a variety of topics related to trading, market analysis, and risk management.
DeltaStock's educational offerings are rated 3.9 out of 5, reflecting the quality and usefulness of their materials for traders at all levels.
DeltaStock emerges as a trustworthy and regulated brokerage firm, offering a diverse array of financial instruments and trading platforms designed to meet the needs of a broad spectrum of traders. With competitive pricing, efficient deposit and withdrawal processes, and a commitment to trader education, the broker strives to provide a comprehensive trading experience.
Overall, the broker presents a competitive trading environment suitable for traders with varying levels of experience. Nevertheless, we recommend conducting your own research and determining whether the broker's offerings align with your specific trading needs.
Based on our findings and expert opinions, DeltaStock is highly recommended for:
European traders
Currency trading enthusiasts
Professional traders
Competitive pricing seekers
Beginners
Advanced traders
Those interested in NDD/STP execution
Individuals seeking quality educational materials
Fans of EA/Auto trading
