DeltaFX ReviewCategory: Reviews | Author: Trading Brokers | Date: September 15, 2023
As traders embark on their journey through the dynamic world of financial markets, the choice of a brokerage firm becomes paramount. Amongst the array of options available, DeltaFx distinguishes itself as a notable contender. This extensive review conducts a meticulous examination of DeltaFx, scrutinizing its features, performance metrics, and overall aptitude as a trading partner. Whether you are an experienced trader seeking a refined platform or an aspiring novice embarking on the journey of financial markets, this article aspires to offer a discerning analysis of DeltaFx’s capabilities and limitations.
Pros & Cons
- Access to more than 400 trading symbols with competitive spreads and leverage
- DeltaFX provides various trading platforms, such as MetaTrader 4, MetaTrader 5, WebTrader and Mobile Trader
- Professional trading tools and 24-hour support
- DeltaFX is not regulated by any reputable authority
- DeltaFX has received mixed reviews and ratings from users on various platforms
DeltaFx is a forex broker that was established in 2009 and has offices in London, St. Vincent, and Switzerland. DeltaFx offers four types of trading accounts: Nano, Standard, VIP, and Islamic. The broker provides access to more than 400 trading symbols, including forex, indices, metals, energies, and cryptocurrencies. DeltaFx also offers various bonuses, rebates, cashback, and social trading features to its clients.
DeltaFx claims to be one of the leading brokers in the world, which provides a safe and professional forex trading atmosphere for all users. The broker has received several awards from different financial institutions and organizations, such as the most reliable forex broker, the best forex broker in the Middle East, the best IB program, the best forex trading experience, the best customer service, and the most influential figure in the financial market. DeltaFx prides itself on providing the most advanced trading tools and 24-hour support to its clients.
The broker offers high leverage up to 1:1000, low spreads from zero pips, instant order execution, no commission fees, and guaranteed orders without slippage. DeltaFx also supports various methods for instant deposit and withdrawal, such as Webmoney, Topchange, cryptocurrencies, and local banks. The broker also has a valid Meta Trader 4 license and a professional technical team. DeltaFx aims to improve its trading conditions and services for its clients while offering innovative solutions and technologies.
DeltaFX claims to be licensed and regulated by the Financial Services Commission (FSC) of Mauritius and registered with Saint Vincent and the Grenadines. However, these are not reputable or reliable regulators and do not offer much protection or recourse for traders. Moreover, DeltaFX does not appear on the register of the British Virgin Islands Financial Services Commission, which is the regulator of DeltaFX’s management. DeltaFX has received many negative reviews and ratings from users on various platforms, accusing it of being a scam, manipulating prices, refusing withdrawals, and blocking accounts. DeltaFX seems to be an unlicensed and unregulated broker. Please see a list of regulated brokers for some alternative options.
Platforms & Tools
DeltaFx offers two of the most popular and advanced trading platforms in the world. These platforms provide a user-friendly interface, a wide range of trading symbols, various technical analysis indicators, expert advisors, and more. They are:
- MetaTrader 4: MetaTrader 4 is one of the most popular and advanced trading platforms in the world. It provides a user-friendly interface, a wide range of trading symbols, various technical analysis indicators, expert advisors, and more. MetaTrader 4 also supports social trading features, which allow traders to copy the strategies and signals of other successful traders. MetaTrader 4 is suitable for traders who prefer a stable and reliable platform with a high level of customization and automation.
- MetaTrader 5: MetaTrader 5 is the latest version of the MetaTrader platform, which offers more features and capabilities than MetaTrader 4. It provides access to more markets and instruments, such as stocks, futures, and options. It also offers more time frames, backtesting, depth of market, pending orders, economic calendar, and more. MetaTrader 5 also supports social trading features, which allow traders to copy the strategies and signals of other successful traders. MetaTrader 5 is suitable for traders who want to trade on multiple markets and use the most advanced tools and technologies.
DeltaFx also provides the most professional trading tools and 24-hour support to its clients. The broker offers high leverage up to 1:1000, low spreads from zero pips, instant order execution, no commission fees, and guaranteed orders without slippage. Let us take a closer look at the analytical tools DeltaFx offers:
- Market Holidays: Market Holidays is a tool that shows the dates and times of the holidays and events that affect the trading hours and conditions of different markets and instruments. Market Holidays helps traders to plan their trading activities and avoid unexpected market volatility or closure. Market Holidays covers various markets and instruments, such as forex, indices, metals, energies, cryptocurrencies, and stocks.
- Economic Calendar: Economic Calendar is a tool that shows the dates and times of the economic indicators and events that influence the price movements and trends of different markets and instruments. Economic Calendar helps traders to analyze the market situation and anticipate the market reaction. Economic Calendar covers various economic indicators and events, such as GDP, inflation, unemployment, interest rates, trade balance, consumer confidence, and more.
- Calculators: Calculators is a tool that provides various calculators that help traders to calculate different aspects of their trading positions and performance. Calculators helps traders to optimize their trading strategies and risk management. Calculators covers various calculators, such as leverage calculator, pivot point calculator, Fibonacci calculator, risk & reward calculator, pip value calculator, margin calculator, drawdown calculator, profit calculator, and more.
DeltaFx is a forex broker that values education and learning as a key factor for successful trading. The broker offers various educational resources and programs to its clients, such as:
- Forex School: Forex School is a comprehensive online course that covers the basics of forex trading, such as market structure, currency pairs, technical analysis, fundamental analysis, risk management, trading psychology, and more. Forex School is suitable for beginners who want to learn the fundamentals of forex trading and develop their skills and confidence.
- Webinars: Webinars are live online sessions that are conducted by experienced and professional traders and instructors. Webinars cover various topics related to forex trading, such as market trends, trading strategies, trading tools, market analysis, and more. Webinars are suitable for intermediate and advanced traders who want to enhance their knowledge and improve their performance.
- Seminars: Seminars are offline events that are held in different locations around the world. Seminars provide an opportunity for traders to meet and interact with other traders and experts in the forex industry. Seminars also cover various topics related to forex trading, such as market updates, trading tips, trading techniques, and more. Seminars are suitable for all levels of traders who want to network and learn from others.
- E-books: E-books are electronic books that contain valuable information and insights about forex trading. E-books cover various topics related to forex trading, such as market history, market terminology, market indicators, market strategies, market examples, and more. E-books are suitable for all levels of traders who want to access and read the information at their own pace and convenience.
- Videos: Videos are short and informative clips that explain and demonstrate various aspects of forex trading. Videos cover various topics related to forex trading, such as market overview, market analysis, market news, market signals, market reviews, and more. Videos are suitable for all levels of traders who want to watch and learn from visual examples.
DeltaFx offers access to more than 400 trading symbols, including forex, indices, metals, energies, and cryptocurrencies. These markets provide a wide range of opportunities and challenges for traders of different levels and preferences. Here are some details about each market:
- Forex: DeltaFx offers more than 45 currency pairs, including major, minor, and exotic pairs, with competitive spreads and leverage up to 1:1000.
- Indices: DeltaFx offers more than 25 indices, including the most reliable and popular ones, such as S&P 500, NASDAQ 100, DAX 30, FTSE 100, and more.
- Metals: DeltaFx offers more than 10 metals, including precious and base metals, with low spreads and high leverage.
- Energies: DeltaFx offers 3 energies, including spot and futures contracts, with low spreads and high leverage.
- Cryptocurrencies: DeltaFx offers 7 crypto pairs, including the most popular and volatile ones, such as Bitcoin, Ethereum, Litecoin, Ripple, and more.
- Stocks: DeltaFx offers 150 stocks, including the most famous and profitable companies in the world, such as Apple, Amazon, Google, Facebook, and more.
DeltaFx comprises of four types of trading accounts to suit the needs and preferences of different traders. These accounts are:
- Nano Account: Nano Account is the smallest and simplest account type that DeltaFx offers. It is suitable for beginners who want to start trading with a low minimum deposit of $10 and a low minimum trade size of 0.01 lot. Nano Account has no commission fees and has fixed spreads from 1 pips. Nano Account also has leverage up to 1:1000 and allows hedging and scalping strategies.
- Standard Account: Standard Account is the most popular and balanced account type that DeltaFx offers. It is suitable for intermediate traders who want to trade with a reasonable minimum deposit of $50 and a standard minimum trade size of 0.1 lot. Standard Account has no commission fees and has variable spreads from 0.8 pips. Standard Account also has leverage up to 1:400 and allows hedging and scalping strategies.
- ECN Account: ECN Account is an account type that DeltaFx offers for traders who want to trade with direct market access and low latency execution. It is suitable for advanced traders who want to trade with a high minimum deposit of $200 and a high minimum trade size of 0.1 lot. ECN Account has low commission fees of $2 per lot and has variable spreads from 0 pips. ECN Account also has leverage up to 1:200 and allows hedging and scalping strategies.
- Fixed Spread Account: Fixed Spread Account is an account type that DeltaFx offers for traders who want to trade with stable and predictable spreads regardless of market conditions. It is suitable for traders who want to trade with a minimum deposit of $100 and a minimum trade size of 0.01 lot. Fixed Spread Account has no commission fees and has fixed spreads from 1 pip. Fixed Spread Account also has leverage up to 1:400 and allows hedging and scalping strategies.
DeltaFx also supports various methods for instant deposit and withdrawal of funds for its clients. These methods include:
- Webmoney: Webmoney is an online payment system that allows users to transfer money and make payments online. Webmoney supports multiple currencies, such as USD, EUR, RUB, and more. Webmoney has no deposit or withdrawal fees and has a minimum amount of $10 for both deposit and withdrawal.
- Topchange: Topchange is an online exchange service that allows users to exchange different types of electronic currencies, such as Perfect Money, Bitcoin, Payeer, and more. Topchange has no deposit or withdrawal fees and has a minimum amount of $10 for both deposit and withdrawal.
- Cryptocurrencies: Cryptocurrencies are digital currencies that use cryptography to secure transactions and control the creation of new units. Cryptocurrencies include Bitcoin, Ethereum, Litecoin, Ripple, and more. Cryptocurrencies have no deposit or withdrawal fees and have a minimum amount of $10 for both deposit and withdrawal.
- Local payment methods: You can fund your account using local payment methods that are available in your country or region, such as M-Pesa, Paytm, Flutterwave, and more. You can use this method to deposit in various currencies. Local payment methods have low deposit and withdrawal fees and have a minimum amount of $100 for both deposit and withdrawal.
In conclusion, DeltaFx presents an array of trading accounts and access to various financial markets, catering to traders of varying experience levels. However, it’s essential to highlight some critical considerations. Firstly, DeltaFx’s regulatory status is ambiguous and raises concerns about the safety of trading with this broker. While it offers robust trading platforms and tools, potential traders should exercise caution and conduct thorough research before proceeding. Moreover, it’s worth noting that while DeltaFx offers these advantages, there are other brokers in the market with longer track records and established reputations. These alternatives might provide a more secure and trustworthy trading environment. Therefore, before finalizing your decision, we recommend exploring our comprehensive trading broker reviews. This will enable you to make a well-informed choice that aligns perfectly with your trading goals and preferences, ensuring a smoother and more confident trading journey.