DeltaStock Review 2020
DeltaStock is a financial broker that offers online trading in more than 1,100 financial instruments as contract for differences (CFDs) in compliance with European regulations. They provide clients with their proprietary Delta Trading platform and the user-friendly MetaTrader 4 trading platforms for multiple devices including desktop, web and mobile.
DeltaStock Review 2020, Pros & Cons
- Regulated online trading broker
- Over 1,100 financial instruments
- Multiple sophisticated trading platforms
- A range of useful trading tools
- No US clients
- Limited account funding options
- Not the tightest spreads
In this detailed DeltaStock review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
DeltaStock is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including DeltaStock.
DeltaStock Review: Summary
Established in 1998, DeltaStock is an online trading broker that offers over 1,100 trading instruments across multiple asset classes such as Forex, Gold & Silver, Shares, Indices, Commodities, ETFs, Cryptocurrency for trading online via the provided trading platforms.
DeltaStock holds a full license from Bulgaria’s Financial Supervision Commission (FSC) (license No. RG-03-146), granting it the right to conduct business in the Republic of Bulgaria and abroad. In 1998, DeltaStock was granted a license for carrying out activities as an investment intermediary by the FSC. In 2000, to expand its business operations, DeltaStock received a full license, granting it the right to offer investment services abroad.
The broker states that its primary goal is to offer its clients reliable technology, quality customer service, and the finest trading conditions possible. DeltaStock offers its services to professional and retail clients, as well as to eligible counterparties.
DeltaStock Review: Regulation
Deltastock AD is fully licensed, authorized, and regulated by the Financial Supervision Commission (FSC), Bulgaria. Licence No: RG-03-146. With MiFID passport, the broker is registered with other regulatory authorities in EU member states and must comply with all rules set by the European Securities and Markets Authority.
DeltaStock keeps its assets segregated from those of its clients in compliance with all available regulatory requirements. In addition, the assets (money and financial instruments) of eligible retail clients are guaranteed by the Investor Compensation Fund (ICF) up to a certain amount, according to Directive 97/9/EC of the European Parliament and the Council, in compliant with the legal requirements. DeltaStock is entitled to conduct investment services and activities, as well as ancillary services, under the freedom to provide services within the European Union.
DeltaStock Review: Countries
The broker states that their online trading services are not intended for use by, or for distribution to, any person in any country or jurisdiction, where such use or distribution would contravene the local law or regulation. They do not accept clients who reside in the USA.
Some DeltaStock features and products mentioned within this DeltaStock review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
DeltaStock Review: Trading Platforms
DeltaStock provides traders with the intuitive MetaTrader 4 trading platform as well as the proprietary Delta Trading platform.
MetaTrader 4 is one of the most popular online forex trading platforms on the market; it offers live quotes, real-time charts, in-depth news, and analytics. More advanced features include technical indicators and automated expert advisors that can monitor the market for you, second by second, and automatically handle all your trades. The MT4 trading platform was developed in 2005 by the Russian software company, MetaQuotes. In the Deltastock MetaTrader 4 platform, the following order types are available: market orders and pending orders (stop loss & take profit), which allow you to close your position at predefined prices to limit your loss or take your profit.
The MT4 platform is available as a desktop application for Windows and Mac PCs, mobile apps for android and iOS devices, and a WebTrader that can run directly on most modern web browsers, without the need to download or install any additional software. The MT4 mobile trading app gives traders access to their trading accounts on the go.
MetaTrader 4 MultiTerminal is a solution for traders who are having a hard time managing several trading accounts. It allows professional traders to simultaneously trade many forex accounts at the same time.
Delta Trading 6
This is the broker’s state-of-the-art proprietary trading platform. It offers analytical and charting tools along with rich customization capabilities and intuitive interface. Delta Trading 6 is available in 9 languages: English, Dutch, French, Italian, German, Spanish, Russian, Romanian, and Bulgarian. It is available in the following versions:
Delta Trading Desktop
The Delta Trading platform is available as a desktop application for Windows and Mac Computers. The desktop version has the following features:
- 80 currency pairs, Gold and Silver, CFDs on Shares, Indices, Futures, ETFs, and Cryptocurrencies
- Fast and accurate execution
- Fixed and variable spreads in one single platform
- No margin for hedged positions
- Advanced charting with an array of 80 technical indicators
- Wide variety of order types
- Semi-automated trading through conditional orders
- Unique features such as detailed trading statistics and P/L chart
- Market news, economic calendar, and daily technical analysis
- Account currencies: EUR, USD, GBP, CHF, BGN, and RON
Delta Trading Web
Delta Trading Web is a browser-based version of Delta Trading 6, which requires no download or software installation, so clients can trade from virtually any computer or tablet connected to the Internet. Through the platform’s intuitive and user-friendly interface, clients can trade all of the 1,100+ instruments available in the desktop version. The web version provides clients with the following benefits:
- Advanced real-time trading charts
- Market, Limit, Stop and OCO orders; Limit/Stops to open positions
- Place orders and open charts straight from the Quotes and the Positions windows
- Advanced order types, including Logical and Conditional orders
- Trading Statistics and Sentiments features
- Integrated live news feed
- Multilingual support in 9 languages: English, Dutch, French, Italian, German, Spanish, Russian, Romanian, and Bulgarian
Delta Trading Mobile App
The Delta Trading mobile app is compatible with Android and iOS devices and can be downloaded from the relevant app stores. It enables traders to manage their accounts and place trades on the go, provided there is an internet connection. It offers clients the following benefits:
- Trade all the 1,100+ markets available in our Delta Trading 6 and DTWeb
- Quick and easy trading instrument selection
- Works seamlessly on a wide range of smartphones and tablets
- Fast and flexible charts
- Pending order execution notifications
- Market, Limit, Stop and OCO orders
- Logical (hedging) orders: allow opposite trades in the same instrument
- Free market data: financial news, daily technical analysis, market stats, and an economic calendar
DeltaStock Review: Trading Tools
The economic calendar provides a schedule of key global economic events coming in the next 5 days. Interactive graphs illustrate economic indicators’ historical data, market expectations, actual values, and calculated volatility. Each indicator is accompanied by a brief description, helping the novice trader understand what the indicator is about.
Daily Technical Analysis
DeltaStock’s daily technical analysis are provided by a team of professional analysts with many years of experience in the forex, indices, and shares trading industry. The broker’s analysts are frequently invited to comment on a variety of economic topics by some of the nation’s leading financial news sites, such as Investor.bg and Bloomberg TV Bulgaria.
The online currency converter enables you can calculate foreign exchange rates for more than 150 currencies and 6 precious metals. The Currency Converter uses daily Deltastock exchange rates and other leading market data contributors to supply precise information. It is a valuable tool for FX traders, businesses, travelers, and others.
DeltaStock Review: Education
The education section of the broker’s website contains a range of educational resources to improve the overall trading experience of clients. These include trading video tutorials, trading fundamentals, as well as a glossary of various trading terminologies and their detailed explanations.
DeltaStock Review: Trading Instruments
DeltaStock offers over 1,100 trading instruments across multiple asset classes, such as Forex, Gold & Silver, Shares, Indices, Commodities, ETFs, and Cryptocurrency for trading online. With the Deltastock MT4 platform, you can trade CFDs on spot oil (USOil and UKOil) with zero commissions and competitive spreads.
DeltaStock Review: Trading Accounts & Fees
The broker offers trading accounts which are based on the provided trading platforms, and they include:
- MetaTrader 4 Live Trading Account
- Delta Trading Live Trading Account
There is also the DeltaStock Pro; it is designed specifically for professional clients. It offers professional clients separate trading conditions and unique benefits that are otherwise not available to the retail clients.
To qualify as a professional client requires meeting 2 out of the 3 following guidelines, 1) Have a portfolio of greater than $500k (not including property or cash) 2) Have a verified history of placing significant sized positions (down to broker discretion) 3) Have worked in the capacity of a professional position related to derivatives / speculation / trading. Match any two of these requirements to qualify as a professional client.
It is important to note that negative balance protection, Investor Compensation Fund and recourse to the Financial Ombudsman Service is removed should you qualify for a professional account as you are then classified as professional trader under ESMA regulation.
Demo accounts are also available for practice purposes; they allow traders to test the broker’s platforms and their strategies before opening a real trading account.
As broker fees can vary and change, there may be additional fees that are not listed in this DeltaStock review. It is imperative to ensure that you check and understand all of the latest information before you open a DeltaStock broker account for online trading.
DeltaStock Review: Customer Service
DeltaStock offers a professional customer support team who are on hand to offer polite and knowledgeable assistance to clients’ general, technical, and account-based inquiries. They can be reached via telephone during working hours (09:00 to 17:45 EET); email, online live chat, or by visiting the team at their office.
DeltaStock is also available on social media handles: Facebook, Twitter, LinkedIn, and YouTube.
DeltaStock Review: Deposit & Withdrawal
The broker provides traders with a variety of different account funding and withdrawal methods. They include:
- Bank Wire Transfer: The time it takes for a bank wire transfer to reach Deltastock is at least one business day, and for international transfers, it is at least two business days.
- Credit/Debit Cards: You may deposit funds into your trading accounts online via MasterCard, VISA, and Maestro credit or debit cards. Due to the specifics of the credit and debit card payment process, all funds will be converted to EUR or BGN upon receipt.
- ePay Deposits: To fund your account via the ePay system, you must have an active registration with www.epay.bg.
Some payment methods may not be available for specific countries, and the transaction processing time may vary with the payment provider used. Some fees may be charged when using certain payment methods. DeltaStock strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your DeltaStock trading account.
DeltaStock Review: Account Opening
You can open a trading account by clicking on the ‘open live account’ icon on the broker’s website. It will display this:
Next, you complete the form: fill in your personal details and submit the necessary KYC documents. Once your account has been created, you can make deposits and commence trading when you are ready to do so.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
DeltaStock Review: Conclusion
DeltaStock is a regulated online trading broker that operates from Bulgaria. It offers over 1,100 financial instruments for trading online. The broker provides traders with the MetaTrader 4 and the Delta Trader 6 trading platforms, along with a selection of useful trading tools.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.