DeltaStock

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Table of Contents

Broker

DeltaStock

Regulation

FSC

Min Deposit

£150.00

Rating

Excellent
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DeltaStock Review: why you should or should not open an account

Launched in 1998, DeltaStock is a Bulgarian based company, and the broker to present CFDs to Bulgarians. According to their website, in 2004 they were also pioneers in offering the first proprietary trading platform. 

The company is regulated so as to offer all clients from the European Union their financial services. If you would like to know what else they have to offer, and which clients are not accepted, we invite you to read our DeltaStock review.

DeltaStock Security and Jurisdictions

Offices and regulations

DeltaStock is regulated by the Financial Supervision Commission (FSC) in Bulgaria, and their license number is RG-03-146. 

To offer services within the European Union, this broker receives another license by the FSC in the Markets in Financial Instruments Directive I (MiFID I), license number RG -03-146. 

Years later, they are again re-licensed under the number RG-03-146 by MiFID II to offer even more services within all of the EU. 

Their headquarter is located in Bulgaria at the Megapark Office Building, 6th Floor, Office Area E,  115G Tsarigradsko Shose Blvd. Sofia 1784. 

Another of their offices is located in Bucharest, Romania. Bucharest City Center 17 CA Rosetti Str., fl. 3 Office 310, Sector 2.

Main features

This broker offers a number of features that are free for all their clients. One of them is the economic calendar to be on top of upcoming events that could eventually help you decide on a trade. 

All users will have access to live forex and stock quotes, as well as a currency converter.

Non accepted clients

Because of regulations, DeltaStock doesn’t accept clients from the US, Japanese, Canadian, North Korea, Iran, among a few others. 

DeltaStock Review: Account types

DeltaStock offers a Delta Trading Account which you can use on your desktop, directly on their website, or on your phone by downloading their app. They offer 80 currency pairs, gold, silver, CFDs for shares, futures, shares, ETFs, and cryptocurrencies. 

The company also has an MT4 account that offers CFDs on forex, gold, silver, indices, and spot oil. You can download MT4 on your mobile or desktop. 

Both of the accounts mentioned above offer a demo account. That means you can trade virtual money without any value to practice or try a new strategy. 

You may also apply for the Delta Stock Pro. Here you may access bonuses, and higher leverage of up to 1:200. In order to become a professional client you must meet at least 2 of the following three criterias:

  • You must have a portfolio with a total value of at least €500.000
  • Have at least one year of experience as a financial professional.
  • You must have made an average of 10 trades of significant volume during a period of the last four quarters. 

It is important to note that this broker does not offer Islamic accounts.

DeltaStock Fees and Commissions

Deposits

Deposit methods include bank wire transfer, credit card, debit card, and e-payments. Credit and debit cards have a 2% fee that is calculated from the amount you deposit. Bank wire transfers within the European Economic Community (EEC) are not charged.  

Withdrawals

For withdrawals you may use the same methods you use to deposit, that is, e-payments, bank wire transfer, and credit or debit card. If you are within the EEC the company will not apply a fee to your bank wire transfer withdrawal. 

There is a 2% fee to withdrawals made from credit or debit cards. 

Others

Gold and silver have spreads beginning at 1 pip.  As for currency pairs, the highest fixed spread is 6000 for the euro vs the russian ruble. The lowest would be 2 for EUR/USD. 

Trading features and platforms

Position size

The minimum order size for forex must be of one lot, in other words, 1.000 of your base currency. For gold and silver it will also be one lot which is 1 troy ounce, and 100 troy ounces respectively. 

For indices, futures, ETFs, and shares the minimum order size is 1 CFD. The minimum order size for spot oil is 0.1 lots. 

Techniques

DeltaStock allows techniques such as automated and semi automated trading, hedging, spread betting and scalping. 

Risk management

DeltaStock offers segregated accounts to protect clients from losing funds in case of bankruptcy or insolvency. Negative balance protection is also available so you do not lose more money than the amount you deposit. 

They also offer trailing stops for you to set a stop and it moves as the price does until it reaches your limit. 

Markets and Assets

DeltaStock offers a variety of assets for different needs and interests. They have forex, futures, indices, shares, and commodities such as gold, silver, and oil. You can also trade cryptocurrencies, and ETFS. 

DeltaStock crypto includes Bitcoin, Ether, Ripple, Bitcoin Cash, Litecoin, Dash Ethereum, and Zcash. It is important to note that this company does not offer stocks. 

Leverage

The leverage will depend on the instrument type. For professional clients using forex there is maximum leverage of 1:200. For currency pairs and forex the maximum would be 3.33%. As for indices it goes up to 5%. 

Platforms 

DeltaStock offers a Delta Trading platform, also known as a proprietary platform. You can also choose MetaTrader 4 as your platform. 

The two platforms are available for mobile apps for both android and iOs.

Social trading, education and support

Educational offering

Under the educational section you may access their video gallery that offers video guides to teach you all about trading on the Delta platform. 

You may also read about trading fundamentals such as major currencies, trading ETFs, margin trading, and others. If you click on the “trading advanced” button you will access information on market analysis, dividend accrual, overnight positions, and a few others. 

It might be a good idea to take a look at their glossary to see precise definitions on specific financial terms. 

Research

DeltaStock offers anyone who might be interested to subscribe to their daily technical analysis information written by their experts. Other than that, they do not have a news section for those who have not yet created an account. 

Social trading offering

Social trading techniques such as mirror or copy trading are not allowed on this platform. You may socially share your ideas or the company’s posts from their Facebook, Twitter, Linkedin, and YouTube channel. 

Customer support

Customer support is available during 24 hours, but 5 days a week. You may contact the company’s representative via phone or email. You can also access their live chat that will open a new tab. 

DeltaStock only offers English, Spanish, and Bulgarian on their website. 

DeltaStock pros and cons

Pros

  • You may apply to become a professional client.
  • They have a free educational section.
  • The company has live chat. 

Cons

  • They do not offer stocks.
  • There are restricted countries such as Japan, Canada and the USA.
  • They do not offer Islamic accounts.

How to open an account with DeltaStock

How to open an account

  1. On the top left side of the menu bar you will see an orange button that says “open account”. You must click there.

  2. You will see two options: open a live account or a demo account. Let’s click on the orange button to sign up for a live account.

  3. You will be redirected to the page shown below. For this example we will open a MetaTrader 4 account. 
  4. After selecting an account you will be redirected to a page where you must begin to fill in some personal information such as your email, country, and base currency. When you are done, click on the green button that says “continue application”.

  5. Now you must fill in the rest of your personal information such as your permanent address, ID or passport number, and place of birth. Once you are done you can continue.

  6. Now it is time to fill in financial details such as your source of monthly income, risk capital, and your trading experience. Once that is filled in you must click the green button that says “I wish to proceed”. 
  7. For the legal information you must check what you entered as your address. Once you have information underneath your address you are ready to click “next”. Once you have done that you will see the information you have completed in the previous steps. If you agree, you click “sign”. 
  8. You are all set! You will see the image below once you are done, and your information is being processed. 

How to convert demo to real

To open a demo account you must only click on the button that says “open a demo account”. You may find it on the top right of your page before logging in. 

  1. You must pick a platform or the demo contest.
  2. Once you have chosen which account to open you will be redirected to a page. All you have to do is add a valid email and password, click on yes or no, and you are ready to open your demo account.

How to deposit money and start trading

You may deposit directly from the main page. First, hover your mouse over the “my account” button on the top of the page. You will see a few options. Click on the “deposit /withdrawal” option. 

Once you are redirected, you will see a blue button that says “log in to your account”. You must click on that, fill in your username and password, and you will be ready to deposit. 

Summing up DeltaStock

DeltaStock works with important platforms that can be used on your mobile or desktop. The demo account can be used on either of their platforms for you to paper trade. 

This company includes a variety of assets, although it might be a bother to some that stocks are not included. This broker has different customer service options that are available on a Monday through Friday during all hours.

Remember it might be important to be well informed before signing up for a broker, because of your needs and level of experience. We hope this DeltaStock review has been helpful. 

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Excellent
Best Broker Online Rating

Min deposit: £150.00

Regulation: FSC

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