DeltaStock Broker Review

DeltaStock is a well-established online brokerage firm that provides a range of financial services designed to cater to the needs of both retail and professional traders. Since its founding, DeltaStock has built a reputation for offering a solid platform for trading in a variety of asset classes, including Forex, commodities, stocks, and CFDs. Below is an in-depth look at what this broker has to offer, including its regulatory standing, account types, fees, and more.

Founded in 1998, DeltaStock is a Bulgarian-based brokerage firm that has grown into a competitive player in the international trading scene. The company is regulated by the Financial Supervision Commission (FSC) of Bulgaria, ensuring that it operates under stringent regulatory standards. Over the years, DeltaStock has gained recognition for its customer-centric approach, offering a range of tools and services designed to support traders of all experience levels.

DeltaStock’s website and platform are accessible in multiple languages, making it convenient for traders worldwide to access their services. The firm offers a variety of account types and trading conditions, catering to both beginner traders and seasoned professionals.

Trading Platforms

DeltaStock offers its clients two main trading platforms: DeltaTrading 6 and MetaTrader 4 (MT4).

1. DeltaTrading 6: This is the proprietary platform developed by DeltaStock. It is designed to offer a user-friendly interface with advanced charting tools, customizable features, and fast execution speeds. The platform supports a wide range of financial instruments and is available for both desktop and mobile devices.
   
2. MetaTrader 4: A popular platform among Forex and CFD traders, MT4 offers a comprehensive set of tools for technical analysis, automated trading (via Expert Advisors), and customization. MT4 remains one of the most widely used platforms in the trading industry due to its reliability and extensive community support.
   

Both platforms are suitable for traders looking for high-quality execution, with DeltaStock ensuring competitive spreads and fast order processing times.

Trading Instruments

DeltaStock provides access to a broad range of financial instruments across multiple asset classes.

Traders can engage in the following markets:

• Forex: A wide selection of major, minor, and exotic currency pairs.
• Stocks: Shares of global companies listed on various exchanges.
• Indices: Global equity market indices, offering exposure to the performance of stock markets around the world.
• Commodities: Including popular commodities such as oil, gold, and silver, which are favored by traders looking for diversification.
• CFDs: Contracts for difference allow traders to speculate on price movements without owning the underlying asset.

Account Types and Minimum Deposit

DeltaStock offers a variety of account types, catering to both beginner and experienced traders. These include standard retail accounts as well as professional accounts for those who meet the necessary criteria.

• Minimum Deposit: The minimum deposit for opening a standard account with DeltaStock is typically around $200, which is in line with industry standards.
• Account Types: DeltaStock offers both real and demo accounts. The demo account is ideal for beginners looking to practice their trading strategies without risking real capital.

Leverage and Spreads

DeltaStock offers flexible leverage options to suit different risk profiles:

• Leverage: The leverage offered by DeltaStock varies depending on the instrument and the trader’s experience. For Forex, leverage can go as high as 1:30, in line with EU regulations.
• Spreads: DeltaStock offers competitive spreads starting at 0.6 pips for EUR/USD, making it an attractive option for traders looking for low trading costs.

While the broker does not charge commissions on most trades, some specific instruments, such as CFDs, may incur additional charges.

Fees and Charges

While DeltaStock’s spreads are competitive, traders should be aware of the following fees:

• Overnight Financing: As with most brokers, DeltaStock charges overnight financing fees (swap rates) for positions that are held overnight.
• Inactivity Fees: If an account remains inactive for a certain period, DeltaStock may charge an inactivity fee. This is common among brokers who want to maintain a profitable client base.
• Withdrawal Fees: There are no fees for withdrawing funds using popular payment methods like credit cards and bank transfers. However, some withdrawal methods may have processing fees.

Customer Support

DeltaStock offers strong customer support, available 24/5. Traders can reach out for assistance through:

• Phone Support: Available for immediate queries.
• Email Support: A detailed FAQ section is also available on their website.
• Live Chat: For quick resolutions, live chat support is available.

Pros and Cons

Pros:

• Regulated by the Financial Supervision Commission of Bulgaria (FSC).
• Wide Range of Trading Instruments: Forex, stocks, commodities, CFDs, and indices.
• Custom Trading Platforms: DeltaTrading 6 and MT4.
• Competitive Spreads: Starting from 0.6 pips.
• Educational Resources: A strong selection of materials to help both beginners and advanced traders.

Cons:

• Limited Leverage for EU Clients: The leverage is capped at 1:30 for EU-based traders due to regulatory restrictions.
• Inactivity Fees: These fees may be charged for dormant accounts.
• Limited Account Types: More account options would provide traders with better flexibility.

Conclusion

DeltaStock is a solid choice for traders looking for a reliable and regulated broker with access to a wide range of financial instruments and competitive trading conditions. While it is not as well-known as some of the larger brokers in the industry, it offers a strong platform with decent fees and leverage, making it a good option for both beginners and experienced traders. The broker’s regulation by the FSC adds a layer of trust and security, although traders should remain mindful of the inactivity fees and the limitations on leverage for EU clients.

For those who are looking for a comprehensive trading platform with access to global markets, DeltaStock stands out as a solid contender in the online brokerage space.