DeltaStock Review – Is DeltaStock.Com a Legit Firm?
As part of Deltastock AG based in Bulgaria, this broker has operated since 1998 in financial markets. They are offering many different trading classes through trusted trading software. However, this broker had one entity in the past, based in the UK, that was shut down.
Unfortunately, Bulgaria is known for many unregulated Forex and CFD trading companies. Due to Tier 2 country regulation, it is considered a weak one and not as popular as Tier 1 regulators. Our DeltaStock review will elaborate more on it.
DeltaStock Pros and Cons
The DeltaStock broker has been operating for many years and it’s said to be a great place for individuals that seek access to a wide range of financial markets with low trading costs.
On the bright side, DeltaStock offers over 2,800+ CFDs on its trading platform with competitive spreads and no commissions. It also has easy-to-use software that is good even for total beginners.
On the downside, this broker does not offer the MT4 platform that is an industry-standard now, and many people complain that customer service is lacking.But even with all of that said, there are still some pros and cons of working with a DeltaStock broker. Here we will list them.
- Used by over 10,000 clients
- They have been in business since 1998
- Regulated by the Securities and Futures Commission (SFC)
- The minimum deposit is $100
- Good trading platform options
- They don’t offer to scalp
- They are not regulated by the FCA
- They don’t offer MetaTrader4
|Trading Instruments:||Forex, Commodities, Indices, Shares, Cryptocurrencies, Futures, ETFs|
|Trading Platforms:||Delta trading and MT5|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
Is DeltaStock Safe? License and Safety of Funds
DeltaStock is a brand of Deltastock AD registered in Bulgaria. While an EU member, Bulgaria is also known as home to many unregulated brands due to its loose supervisory protection. Hence, we wanted to verify the DeltaStock regulation status.
So, to make sure we are dealing with good brokers, always check their licensing. The official regulatory body in Bulgaria is the Financial Supervision Commission (FSC).
As it turns out, the company has entered the FSC register and is allowed to operate in the EU. Furthermore, it says to comply with the ESMA MiFID II directive regarding leverage limits. Retail investors can get up to 1:30, while professional traders are entitled to higher leverage, up to 1:200.
In addition, the company had a brand in the UK between 2008 and 2012, but that one has been closed. Since Brexit, EU brokers cannot provide services in the country without being on the TPR with the FCA. Hence, DeltaStock has no authorization to operate in the UK at the moment.
Yet even with a license, a trading company can have negative reviews, so just be aware of those. As the Tier 2 FSC-regulated broker, DeltaStock is suitable for some traders. They have a very good trading platform and a lot of trading options available.
Accounts Types Offered by DeltaStock
DeltaStock trading accounts are simplified. You can open only 2 accounts and those include the following ones:
- Retail traders $100
- Pro traders $500,000
So, you deposit $100 and start with that. If you reach $500k, you are entitled to an account with higher leverage. As that being said, $100 is not much to try out this broker, just double-check if you can trade with them legally from your country.
Both accounts can be used on both platforms; you only need to specify it when registering. The main difference is lower costs for professional traders and higher leverage of up to 1:200.
The initial deposit is relatively low, which might be compelling. However, make sure that the company is registered in your country before proceeding with anything.
DeltaStock Demo account will be available upon registration. Clients who want to test the system before paying are welcome to try it.
However, we must warn you about the common risks related to Demo accounts. While investing virtual money, you’re much keener to take on risks and apply different strategies. With your own money, the situation will certainly be different.
Trading Platforms Overview
DeltaStock offers two trading platforms. One is the most popular software among retail investors, MT5. The second one is a proprietary platform called Delta Trading.
One of DeltaStock’s trading platforms is MetaTrader 5, the newer version of the MetaQuotes MT4 software. It’s the best trading tool on the market, with millions of users on both desktop and mobile.
The software has a large number of indicators, trading tools, and add-ons. You can use features such as Stop Loss or Take Profit but also access social trading and bots.
Additionally, clients can log in to their accounts using the MT5 mobile app. There’s no mistake when choosing a reliable platform such as this one.
Another software on offer is Delta Trading, a proprietary platform with mobile and desktop apps and WebTrader. The platform allows personalization and adjustments to your trading style. According to the website, it has over 80 technical indicators, real-time updates, and semi-automated orders.
While containing good tools, this platform is more susceptible to market manipulation simply because it’s made and owned by the broker and runs on an internal system.
Trading Instrument Available at DeltaStock
If you want to invest with the broker in question, you can do so by choosing one of the following CFDs:
- Forex (Currency pairs) – EUR/USD, GBP/NOK, USD/ILS
- Commodities – gold, crude oil, corn
- Indices – AU200, NIKKEI225, BE20
- Shares – Meta, Intel, Nvidia
- Crypto (Cryptocurrencies) – BCH, LINK, ADA
- ETFs – SPDR S&P 500, iShares Russell 2000
- Futures – soybeans, gold, S&P 500
The fixed spread starts at $4.6, while the floating one starts at $0.8 per trade. Additionally, swap is displayed for gold and silver, starting at -27.58 and -0.36 points, respectively. The company claims to charge no commissions.
Deposits and Withdrawals Methods
DeltaStock offers the following deposit methods:
- Visa or Master credit or debit card
- Wire transfers
The broker has several deposit and withdrawal methods so fund transfers are convenient for all clients. DeltaStock minimum deposit requirement is $100, and traders can either link a bank account and transfer the funds electronically or use payment gateways integrated with the platforms to add funds.
The processing time for deposits is less than 15 minutes and traders can deposit funds in USD, AUD, GBP, EUR, CAD, NZD, and SGD. This broker also has a strict non-acceptance policy for third-party payments.
DeltaStock’s withdrawal policy is as transparent as it can be. Funds from the trading account can be transferred via the same methods as deposits.
The broker has fast processing time so withdrawals take 24 hours or less on a business day. The processing of bank wire transfers is likely to take more days than other methods.
We also took some time to read online reviews and found no complaints about the broker. Almost all the feedback was positive with people having no withdrawal issues or any other type of complaint to report.
DeltaStock Customer Support
DeltaStock customer support is available Monday to Friday, 08:45 to 17:45 EET. The team can be contacted via the telephone number and email addresses below, though they are also on social media.
DeltaStock is known to provide the best customer service to its clients. Customer support agents will be willing to help you no matter the issue you may be experiencing. Don’t hesitate to call or e-mail them in case you have trouble understanding or dealing with something.
There is also a help center to further aid potential clients to learn more about the online trading services provided by DeltaStock. You’ll find information about the most common questions, applications, client portal, deposit or withdrawal, MetaTrader5, and DeltaTrading.
DeltaStock Overall Summary
In this DeltaStock review, we talked about this well-established Bulgarian broker. It is regulated by the FSC and has many security measures to ensure a safe trading environment. With this broker, you will get access to multiple trading platforms which include Delta Trader and MT5. As for trading instruments, it’s safe to say your options are not limited in any way as they offer plenty of them including Forex, Commodities, Indices, Shares, Cryptocurrencies, and much more.
DeltaStock also offers a demo account, dedicated customer service, and various types of educational material which can all help you make your trading journey as smooth as possible.
As for deposit methods, they offer the most common types such as credit/debit cards, wire transfers, and ePay. And the leverages can go as high as 1:200.
FAQs DeltaStock Republic Broker
What Account Types Does DeltaStock Offer?
DeltaStock offers two different account types which are: retail and pro.
Does DeltaStock Offer a Demo Account?
Yes, DeltaStock does offer a demo account for any new potential clients.
What Are The Deposit Methods and Fees at DeltaStock?
The deposit methods include credit/debit cards, ePay, and wire transfers, and there are no fees on any transactions.
What Is the Minimum Deposit at DeltaStock?
The minimum deposit requirement for any Delta Stock clients is set at $100.
Does DeltaStock Have a Mobile Trading Application?
Yes, DeltaStock does have a mobile trading application available to its customers.