DeltaStock Review and Tutorial 2020
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|DeltaStock Facts & Figures|
DeltaStock is a multi-asset online broker offering desktop & mobile trading tools.
|Bonus||10% loss compensation|
|Instruments||Forex, CFDs, ETFs, indices, shares, commodities, cryptocurrencies, futures|
|Min. Trade||0.01 lots|
|Regulated By||FSC (Bulgaria)|
|Trade hundreds of CFDs with tight spreads.|
Trade forex pairs with high leverage rates.
Trade cryptocurrencies against the US Dollar.
|Coins||BTC, BCH, ETH, XRP, DSH, ZEC|
DeltaStock is an online broker offering trading in forex, shares, cryptocurrencies and commodities. This review explores the key features of DeltaStock, including its demo contest, MetaTrader 4 download and regulation. Make an informed decision today.
DeltaStock Company Overview
Established in 1998 in Bulgaria, DeltaStock AD is a financial services company. The broker is headquartered in Sofia, Bulgaria, where it is licensed and regulated. The broker provides forex and CFD trading throughout the EU, with a focus on its range of assets, customer service and trading technology.
Delta Trading 6
Delta Trading 6 (DT6) is the broker’s proprietary trading platform. A well-rounded system, DT6 comes with a range of features, including a fully customisable layout, trading statistics and several analysis options.
The design of the platform is intuitive and there are over 80 technical indicators while the interface is accessible in nine languages. There are also a range of order types, including conditional orders, which allow for strategies to be built and semi-automated trading to be carried out.
The platform can be downloaded from the broker’s website for Windows computers. Alternatively, there is a browser-based version of DT6 that requires no download or installation. This platform can be accessed directly from the website, however there are fewer order types available and only 40 technical indicators.
DeltaStock provides MetaTrader 4 (MT4) access, one of the industry’s top platforms. Popular with traders of all experience levels and approaches, MT4 offers a data-rich environment with a sleek, easy-to-use interface. Several order types can be carried out, as well as fully automated trading using expert advisors.
MT4 also boasts over 50 technical indicators, 30 charting tools and detailed price history. In addition, traders can create their own custom indicators and personalise the platform’s layout and structure.
Available in 28 languages, MT4 can be installed on Windows and Mac computers. There is also a browser-based version of MetaTrader 4 on the DeltaStock website with no download required, although this version has less functionality than its desktop counterpart.
DeltaStock has an excellent range of tradeable instruments, with a competitive quantity of each asset type. There are 79 forex pairs, 750 stocks from across the world, 23 stock indices, 67 exchange-traded funds (ETFs), 16 cryptocurrency pairs, four futures, four commodities and four precious metals.
Spreads & Commission
Spreads vary depending on the market and the account. With that said, spreads on majors go as low as 0.4 pips for the EUR/USD pair, 1.2 pips for the GBP/USD and 1.3 pips for the EUR/GBP.
Commissions are charged on shares and ETFs at 0.1% for DeltaStock accounts and 0.2% for MT4 accounts. With the MT4 Commission account, clients benefit from tighter forex spreads but pay a commission on all FX pairs at $0.06 per minimum lot. Accounts are commission-free on all other trades.
The broker also charges swap fees for holding positions open overnight.
For retail traders in Europe, leverage rates are capped at 1:30 for forex pairs, 1:20 for gold and 1:10 for silver, indices, futures and commodities. Crypto trades can be leveraged at 1:2, stocks range from 1:5 to 1:1.67 and ETFs range from 1:5 to 1:1.33.
Professional clients waive some of the regulatory requirements in return for less legal protection. Professionals can access leverage up to 1:200 for forex, 1:100 for gold, silver and indices, 1:20 for futures and commodities and 1:4 for cryptos. Stocks range from 1:20 to 1:1.67 for professional clients and ETFs can be leveraged up to 1:1.33.
The cash CFDs offered by DeltaStock cannot be leveraged, so traders must front 100% of the trade value.
Delta Trading Mobile
DeltaStock offers a mobile version of its DT6 platform, available on both iOS and Android devices. The DeltaStock app has detailed price history across financial markets, a range of charting options and order types, as well as regularly updated market news and an economic analysis stream. The only downside is the cut-down trader interface.
MetaTrader 4 also has a mobile version for traders on the go. The MT4 app offers three charting and order types, along with 40 analysis tools and real-time pricing. The application also allows several charts and instruments to be open at the same time. This app can be downloaded to Android and iOS smartphones and tablets.
DeltaStock supports several payment methods for transactions, including bank transfers, ePay, plus Mastercard and Visa payment cards. Payment cards and ePay have a 2% charge associated with them, however wire transfers are free, provided they are made from within the European Economic Community (EEC) and are in either BGN or EUR. Otherwise there is a transfer fee charged by the bank, starting at 1 BGN. The minimum accepted deposit is $100 or currency equivalent.
Withdrawals may only be made using the same method as the deposit, though they are free for payment cards and ePay. Wire transfer withdrawals will incur the same charge as above.
DeltaStock offer demo accounts that can be opened using both the Delta Trading 6 and MetaTrader 4 trading platforms. These accounts are a great way to test out different brokers, helping you to gain a feel for their fee structures, trading instruments and platforms. They can also be used to explore new trading strategies and markets.
Loaded with up to $1,000,000 of simulated money, the demo account puts none of your own capital at risk. The account will close after 90 days of inactivity.
The broker also runs a demo account contest, ranking traders who take part each month. The contest starts each trader off with 10,000 EUR with the aim to make as much profit as possible. The only downside is that there are no prizes for winning.
Professional clients are offered several welcome bonuses and deals, though these are unavailable for retail clients.
Professional bonuses include:
- 10% compensation for annual losses (up to €5,000)
- 30% cashback on deposits
- €50 no deposit bonus
DeltaStock is licensed and regulated by Bulgaria’s Financial Supervision Commission (FSC). The broker also falls under the EU Market in Financial Instruments Directive (MiFID II). This enables it to provide its services to clients in all EU member states and the UK.
Clients are also protected by the Investor Compensation Fund (ICF), insuring clients up to 40,000 BGN ($24,000) should the broker be unable to pay out profits.
DeltaStock updates its website daily with technical analysis on major instruments, market statistics and currency correlations. There is also a page showing up-to-date key information about each central bank and their interest rates.
The DeltaStock website has an education centre, with two sections of resources split into basic and advanced trading. These resources include articles and lessons on terminology, strategies and analysis techniques, as well as a gallery of video tutorials.
The broker provides support/resistance tables and an economic calendar. DeltaStock also has a calculator for currency conversions and fee calculations.
Unlike many brokers, Delta Capital does not offer different account tiers for traders with different experience levels and capital. Instead, the broker splits its accounts by the trading platform used.
The DeltaStock account uses the broker’s proprietary trading platform, with competitive spreads and the full range of tradeable instruments.
The MT4 Standard account provides the MT4 platform, though with the broker’s least competitive spreads and no access to cryptocurrencies, ETFs and futures contracts.
The MT4 Commission account boasts the tightest spreads plus use of the MT4 platform. However, this is coupled with a commission charge for each forex trade at a rate of $0.06 per minimum trade size.
The minimum deposit for each account is $100.
DeltaStock is well-rounded, providing multiple benefits to clients:
- Comprehensive education centre
- 1,000+ tradable products
- MT4 download
- Price forecasts
- EU regulation
DeltaStock could also improve in some areas:
- Commission on ETFs & shares
- No Islamic account
- Transaction fees
Trading can be carried out whenever the markets are open. DeltaStock is also open for account and asset management over the weekends.
Forex and cryptocurrency markets are open 24 hours a day, beginning at 00:00 EET Monday and closing at 23:00 EET Friday. Gold, silver, futures and commodities are open almost 24 hours a day, starting at 01:00-03:00 EET Monday and closing 23:00 EET Friday, with daily breaks at midnight for 1-3 hours. Stocks, ETFs and indices are more localised assets and their trading hours are dependent on local market opening times.
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.
- Front Office Email – email@example.com
- Sales Email – firstname.lastname@example.org
- Telephone – +359 2 811 50 50
The broker is regulated within the EU, which requires strict cybersecurity and safety measures to be in place. These include encrypting all website traffic using Secure Sockets Layer (SSL) encryptions as well as firewalls and authentication systems.
Furthermore, all client capital is held separately from the company’s in segregated accounts that cannot be accessed for any purpose other than carrying out the trades and transactions requested by clients.
DeltaStock offers a competitive range of tradeable instruments, including cryptocurrencies, hundreds of shares and over 70 forex pairs. Two trading platforms are available, including MT4 and the education centre offers excellent market coverage. The only downside is that the mix of spreads and commissions means the broker isn’t the cheapest provider around. Still, DeltaStock remains a serious option for traders of all levels.
DeltaStock only accepts traders from Aland Islands, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua And Barbuda, Argentina, Armenia, Australia, Austria, Azerbaijan, Azerbaijan, Bahrain, Bangladesh, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Bermuda, Cape Verde, Turks And Caicos Islands, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire, Croatia, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Estonia, Falkland Islands (Malvinas), Finland, France, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Gibraltar, Greece, Guadeloupe, Guatemala, Guinea, Guinea-Bissau, Haiti, Heard Island & Mcdonald Islands, Honduras, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Kazakhstan, Kenya, Kiribati, Korea, Kuwait, Kyrgyzstan, Latvia, Lesotho, Liberia, Lithuania, Luxembourg, Madagascar, Malawi, Mali, Malta, Martinique, Mauritania, Mayotte, Mexico, Micronesia, Moldova, Monaco, Montserrat, Mozambique, Nepal, Netherlands, Netherlands Antilles, New Zealand, Nicaragua, Niger, Nigeria, Norfolk Island, Norway, Papua New Guinea, Paraguay, Philippines, Pitcairn, Poland, Portugal, Romania, Russian Federation, Rwanda, Saint Barthelemy, Saint Helena, Saint Martin, Saint Pierre And Miquelon, Sao Tome And Principe, Saudi Arabia, Senegal, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, South Africa, South Georgia And Sandwich Isl., Spain, Suriname, Sweden, Switzerland, Tajikistan, Tanzania, Timor-Leste, Togo, Tokelau, Tonga, Turkmenistan, Tuvalu, United Kingdom, , Viet Nam, Virgin Islands, British, Western Sahara, Zambia, Vatican State.
What is the minimum deposit to open a DeltaStock account?
No matter the account type, the minimum deposit for a DeltaStock trading account is $100, 200 BGN or 400 RON.
What trading platforms can you use with DeltaStock?
The broker offers two options for trading platforms: their own Delta Trading 6 or MetaTrader 4. Each comes as a downloadable application, a browser-based program or mobile app. However, the instruments you can trade, and their respective spreads, are different across each platform.
Where is DeltaStock based?
DeltaStock is a Bulgarian company established in 1998. Its headquartered in Sofia, Bulgaria, although it offers trading services to clients from many countries around the world.
What is the DeltaStock contest?
The broker runs a demo account contest each month where traders compete to make the most profit. Upon application, you get a demo account loaded with 10,000 EUR and a month to earn more money than anyone else. However, there is no prize for winning.
What methods can I use to withdraw money from my DeltaStock account?
Account transactions can be made via bank wire transfer, payment cards or ePay. There are fees associated with deposits and withdrawals for some of these methods, so be sure to check out the relevant section of the website first.
|DeltaStock is a multi-asset online broker offering desktop & mobile trading tools.|