Deltastock ReviewCategory: Reviews | Author: Trading Brokers | Date: December 31, 2023
If you’re into online trading and investment, you might want to stick around for this. Deltastock is a platform that’s been in the game since 1998, offering a variety of financial instruments for trading. We’re talking forex, contracts for difference (CFDs), commodities, indices, and even crypto.
Based in Bulgaria, Deltastock is fully licensed by the Bulgarian Financial Supervision Commission (FSC), so they’re legit. But, as we all know, there’s more to a great trading platform than just regulation.
So, in this review, we’re going to dive deep into what Deltastock has to offer. We’ll check out their trading platforms, tools, educational resources, account types, funding options, and more. Plus, we’ll take a look at what other traders are saying about them. By the end, you’ll have a pretty good idea of whether Deltastock could be the right fit for your trading needs. So, let’s get started.
Pros & Cons
- Provides a wide range of educational resources for traders
- Offers a variety of markets, including Forex, gold and silver, shares, indices, futures, commodities, ETPs, ETFs, and crypto CFDs
- Regulated by the Financial Supervision Commission (FSC) in Bulgaria
- Deltastock may not be suitable for traders looking for a longer track record
- Conversion fees may apply when transferring funds in a currency different from the base currency of the client's account
- Some funding methods, such as wire transfer, ePay, and credit/debit card deposits, incur fees
Deltastock is a global online trading and investment firm based in Bulgaria. Established in 1998, it has grown to offer a wide range of trading facilities on shares, forex, commodities, and various Contracts of Difference (CFDs). The company is fully licensed and regulated, providing a secure trading environment for its clients.
Deltastock offers two main trading platforms: Delta Trading and MetaTrader 5. These platforms are designed to cater to the needs of both beginner and advanced traders, offering a variety of tools and features to enhance the trading experience.
One of the standout features of Deltastock is its extensive educational resources. The company provides a wealth of information and training materials, including trading basics, advanced trading strategies, and common trading errors. These resources are designed to help traders at all levels improve their trading skills and knowledge.
In terms of account types, Deltastock offers a Demo account, a Live account, and a DeltaPro account. This variety caters to different trading needs and experience levels, allowing traders to choose the account type that best suits their trading style and goals.
When it comes to funding, Deltastock offers various methods, including bank wire transfers and internet payments. This makes it easy and convenient for traders to deposit and withdraw funds from their trading accounts.
Overall, Deltastock provides a comprehensive trading experience with a focus on user-friendly platforms, diverse markets, and valuable educational resources.
Deltastock is fully licensed and regulated by the Financial Supervision Commission (FSC) in Bulgaria, with license number RG-03-146. This license allows Deltastock to conduct business not only in Bulgaria but also abroad. In its early years, Deltastock was granted a license to act as an investment intermediary by the FSC. By 2000, the company expanded its operations and received a full license to offer investment services abroad.
With the implementation of the Markets in Financial Instruments Directive (MiFID I), Deltastock was re-licensed by the FSC to provide investment services and activities, as well as ancillary services, within Bulgaria and the EU under license No. RG-03-146/28.06.2007. When MiFID II came into effect, Deltastock’s license was further expanded to include new services and activities, fully adhering to the updated regulation. The company was re-licensed under No. RG-03-146/23.11.2018.
So, if you’re looking for a regulated trading platform, Deltastock is a solid choice. But remember, it’s always a good idea to explore all your options. Please see a list of regulated brokers for some alternative options.
Platforms & Tools
Deltastock offers two main trading platforms: Delta Trading and MetaTrader 5.
- Delta Trading: Deltastock’s proprietary trading platform, available in desktop, web, and mobile versions. It offers trading in over 1000 instruments, including forex, shares, indices, gold, silver, futures, ETFs, and cryptocurrencies. The platform features intuitive navigation, advanced charting tools, and technical analysis features.
- MetaTrader 5: A popular third-party platform supported by Deltastock, known for its advanced trading features and extensive range of technical analysis tools
In addition to these platforms, Deltastock provides several trading tools:
- Copy Trading: This allows you to copy the trades of other successful traders, which can be a great way to learn and potentially profit from their strategies.
- Trading Position Calculator: This helps you calculate the potential profit or loss of a trade before you place it, helping you manage your risk effectively.
- Currency Converter: This allows you to quickly convert between different currencies, which can be useful when trading forex.
- Economic Calendar: Provides you with important economic events that could impact the markets, helping you stay informed and plan your trades accordingly.
Deltastock provides a comprehensive suite of educational resources to help traders at all levels improve their trading skills and knowledge. Here’s a more detailed look at what they offer:
- Trading Basics: This section is designed for beginners and covers the fundamental concepts of trading. It provides a solid foundation for understanding the mechanics of trading, including topics like what a contract for difference (CFD) is, the difference between leverage and margin, and how to control risk.
- Advanced Trading: This section is tailored for more experienced traders. It delves into advanced trading strategies and concepts, including fundamental and technical analysis. It also provides detailed guides on how to calculate the average price and result in Delta Trading and MetaTrader 5.
- Glossary: This is a comprehensive list of trading terms and their definitions. It’s a handy reference tool that helps traders understand the jargon used in the trading world.
- Video Gallery: This is a collection of video tutorials that cover a wide range of topics. These include guides on how to use the trading platforms, as well as tutorials on various trading strategies. The videos are designed to be easy to follow and understand, making them a valuable learning tool for traders of all levels.
- Daily Technical Analysis: This section provides daily updates on market trends and price movements. It’s a valuable resource for traders who use technical analysis in their trading strategies. The updates can help traders make informed decisions about when to enter or exit trades.
- Market Review: This section provides regular reviews of market conditions and economic events that could impact the markets. It’s a useful resource for staying up-to-date with the latest market news and trends.
- CFD Quotes: This section provides real-time quotes for Contract for Difference (CFD) trading on various financial instruments. It’s a useful tool for traders who trade CFDs, as it allows them to stay updated with the latest prices.
- Support/Resistance: This section provides information on key support and resistance levels for different trading instruments. These levels can be important for technical analysis, as they can indicate potential price reversals.
- Market Stats: This section provides statistical data on market movements and trends. It’s a useful tool for traders who use statistical analysis in their trading strategies.
- Most Traded Instruments: This section provides information on the most popular trading instruments among Deltastock’s clients. It can give traders an idea of what other traders are focusing on.
- Currency Correlation: This section provides data on the relationship between different currency pairs. This can be useful for forex traders, as it can help them understand how different currency pairs move in relation to each other.
- Central Bank Interest Rates: This section provides updates on interest rates set by major central banks around the world. These rates can have a significant impact on the forex market, so it’s important for forex traders to stay updated with the latest rates.
- Stock Bundles: This section provides information on bundled stock offerings. These bundles allow traders to diversify their portfolio with a single trade, which can help spread risk.
- Blog: This section is regularly updated with articles on a variety of trading-related topics. The articles cover a wide range of topics, from trading strategies to market news, making it a valuable resource for continuous learning.
- KIDs: Key Information Documents (KIDs) provide essential information about a product in a clear and understandable way. They are designed to help traders understand the nature, risks, costs, potential gains and losses of the product.
Deltastock offers a wide range of markets for traders to explore. Here’s a detailed list of what they offer:
- Forex: Deltastock offers tight spreads on 80 major and exotic currency pairs, allowing traders to participate in the world’s largest financial market.
- Gold and Silver: Traders can trade gold and silver with attractive commissions, unlimited trade volume, and no hidden fees. These precious metals are often used as safe-haven assets during times of economic uncertainty.
- Shares: Deltastock offers shares and cash shares (100% margin) of over 750 global companies. This allows traders to take a position on the performance of individual companies.
- Indices: Deltastock offers over 20 indices tracking the performance of the US, UK, German, and other economies. Indices allow traders to speculate on the performance of a specific stock market or sector.
- Futures: Deltastock offers a variety of energy, commodity, and financial futures. Futures are contracts to buy or sell a specific asset at a predetermined price at a specified time in the future.
- Commodities: Traders can trade a variety of commodities, including energy, metals, and agricultural products. Commodities trading can be a good way to diversify a trading portfolio.
- ETPs: Deltastock offers CFDs on leveraged Exchange Traded Products (ETPs) such as METAx3, GOOGx3, and AAPLx3. ETPs are a type of security that is derivatively priced and trades intraday on a national securities exchange.
- ETFs: An Exchange Traded Fund (ETF) may include indices, commodities, bonds or other assets. ETFs are traded on stock exchanges, and they offer a way for traders to diversify their portfolios.
- Crypto CFDs: Deltastock offers CFDs on some of the most popular cryptocurrencies like BTC, ETH, DASH, DOGE, etc. Crypto CFDs allow traders to speculate on the price of cryptocurrencies without actually owning them.
Deltastock offers three types of accounts to cater to the different needs of traders: Demo, Live, and DeltaPro accounts. Here’s a detailed look at each account type:
- Demo Account: The Demo account is perfect for beginners or those who want to test out new trading strategies without risking real money. It provides a virtual trading environment with real-time market data, allowing you to experience the trading platforms and tools without any financial commitment. It’s a great way to get a feel for the platform and build confidence before transitioning to a Live account.
- Live Account: The Live account is for traders who are ready to trade with real money. It provides access to all the trading instruments and features offered by Deltastock, including Forex, gold and silver, shares, indices, futures, commodities, ETPs, ETFs, crypto CFDs, and KIDs. To open a Live account, you’ll need to complete the registration process and meet the minimum deposit requirements.
- DeltaPro Account: The DeltaPro Account caters to experienced traders seeking advanced features, providing leverage up to 1:200 (0.5% margin). Automatic closure of positions occurs if the account balance falls below 50% of the required margin. Professional clients at Deltastock can engage in CFD trading for FOREX pairs, indices, shares, precious metals, futures, and cryptocurrencies, benefiting from lower margin requirements compared to retail clients.
Each account type gives you access to Deltastock’s trading platforms, tools, and educational resources, allowing you to choose the account that best suits your trading needs and experience level.
Deltastock offers a variety of funding methods for the convenience of its traders. Here’s a detailed look at each method:
- Bank Wire Transfers: Deltastock accepts deposits via bank wire transfers. If the transfer is from a bank within the EEC in BGN or EUR, there are no commissions. However, if the transfer is from a bank within the EEC in a currency other than BGN or EUR, or if the transfer is from a bank outside the EEC, transfer fees apply, with a minimum of 1.00 BGN. When it comes to withdrawals, wire transfer fees apply, with a minimum of 1 BGN. This method of funding is reliable and secure, although it might take a few business days for the funds to appear in your trading account.
- Internet Payments: Deltastock also accepts internet payments. One of the options is the ePay system. Deposits made via the ePay system are subject to a fee of 1.50% of the payment amount. This method is convenient and quick, allowing you to fund your account almost instantly.
- Visa/MasterCard/Maestro Debit and Credit Cards: Another option for funding your account is using Visa, MasterCard, or Maestro debit and credit cards. Deposits made via these cards are subject to a fee of 1.50% of the payment amount. However, withdrawals via these cards do not incur any fees or commissions. This method is also convenient and quick, and it’s a popular choice among traders.
Please note that when there is a transfer of funds in a currency different from the base currency of the client’s account, Deltastock will convert it at the current market prices of the respective currency pair. Market prices are the currency exchange rates of the servicing banks, which Deltastock has accounts with. This is something to keep in mind when making deposits or withdrawals in a different currency.
In conclusion, Deltastock offers a comprehensive trading experience with a variety of account types, funding methods, and educational resources. Whether you’re a beginner or a professional trader, Deltastock has something to offer. From its Demo, Live, and DeltaPro accounts to its diverse funding methods including bank wire transfers and internet payments, Deltastock caters to the needs of different types of traders.
However, while Deltastock offers strong features, there are other Deltastocks with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews. Remember, the choice of a trading platform should align with your trading goals, risk tolerance, and level of trading experience. Always do your due diligence before choosing a platform to ensure it’s the right fit for you.