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 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.
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.
Because of regulations, DeltaStock doesn’t accept clients from the US, Japanese, Canadian, North Korea, Iran, among a few others.
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:
It is important to note that this broker does not offer Islamic accounts.
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.
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.
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.
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.
DeltaStock allows techniques such as automated and semi automated trading, hedging, spread betting and scalping.
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.
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.
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%.
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.
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.
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 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 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.
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.
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.
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.
