DeltaStock Review: Is DeltaStock broker reliable
As part of Deltastock AG based in Bulgaria, this broker operates since 1998 in financial markets. They are offering many different trading classes through trusted trading software. However, this broker had one entity in the past, based in the UK, that is shut down.
Unfortunately, Bulgaria is known for many unregulated Forex and CFD trading companies. Due to Tier 2 country regulation, it is considered a weak one and not as popular as Tier 1 regulators. Our DeltaStock review will elaborate more on it.
In addition, we recommend reading our reviews about brokers NAGA Markets, Trade360, and XTrade.
| Broker status: | Regulated Broker |
| Regulated by: | FSC Bulgaria |
| Websites: | Deltastock.com |
| Regulators’ Complaints: | N/A |
| Owned by: | Deltastock AD |
| Headquarters Country: | Bulgaria |
| Foundation year: | 1998 |
| Supported Platforms: | MT5/ Delta trading |
| Minimum Deposit: | 100 EUR |
| Cryptocurrencies: | YES – BTC, USDT, ETH |
| Types of Assets: | Forex, Commodities, ETFs, Futures, Shares, Indices, Commodities |
| Maximum Leverage: | 1:30 / 1:200 for Pro |
| Free Demo Account: | Yes |
| Accepts US clients: | Yes |
| Site Grid: | N/A |
DeltaStock Is A Regulated Broker With a License?
So, to make sure we are dealing with good brokers, always check their licensing. The official regulatory body in Bulgaria is Financial Supervision Commission (FSC). Checking their database, we found that DeltaStock broker is licensed there indeed.
That is a very good start. Besides that, DeltaStock works according to the MiFID II directive and allows traders maximum leverage up to 1:30. Of course, except for pro traders that are entitled to 1:200 leverage. Yet even with a license, a trading company can have negative reviews, so just be aware of those.
As the Tier 2 FSC-regulated broker, DeltaStock is suitable for some traders. They have a very good trading platform and lot of trading options available.
Reasons for Using a Regulated Broker for Trading
Regulated brokers are providing customers with funds safety. That is a crucial part of deciding where to start your trading career. Anytime you have an issue with the broker, you can file a complaint to their regulator. Nobody wants to pay penalties or even lose a license.
What Platforms Does DeltaStock Offer? – Available Trade Software
DeltaStock provides very good trading options in terms of software. You have the Delta Trading program and MT5 available. Whichever you choose, you will have very good trading features. However, some DeltaStock reviews are mentioning market manipulation, therefore we would prefer using MT5 as a more trusted platform.
Delta Trading
Delta Trading app is available as a desktop app and mobile app. Besides that, you can access it through a web browser at any time if you are not a fan of downloads.
It gives you access to more than 80 assets, with advanced trading tools and indicators, hedging options, trailing stops, and many more features.
MetaTrader 5
MT5, as an industry standard, has proven itself over the years. It is the most trusted platform and very user-friendly. This platform provides clients access to more than 800 assets. On top of that, it has more than 38 indicators, hedging options, netting options, and many more.
Mobile Applications
Both, Delta Trading and MT5 have suitable mobile applications available for Android and iOS devices. However, with Delta Trading clients have certain limitations on the mobile app. That’s why we prefer MT5. It provides all same options as the desktop version.
What Financial Instruments Does DeltaStock Include?
This broker offers 7 different asset classes. Those are:
- Forex USD/GBP, GBP/JPY, EUR/SGD
- Indices DAX30, DJI, S&P 500
- Commodities oil, cotton, platinum
- Shares Apple, Intel, AMD
- Cryptocurrencies BTC, LTC, ADA
- ETFs SPDR S&P500, iShares Russel 2000
- Futures S&P500, coffee, silver
There is plenty of opportunities available here. However, MetaTrader offers a bit more than a proprietary platform. If you become a pro, a leverage of 1:200 can bring you more potential profits. But losses as well.
DeltaStock Service Countries
According to the DeltaStock reviews they are trading with clients from:
- UK
- US
- Bulgaria
Even though, they have a license for trading with EU countries, since the UK exited the European Union all companies should be on a TPR with the FCA to trade with UK clients.
DeltaStock Accounts Overview
DeltaStock trading accounts are simplified. You can open only 2 accounts.
- Retail Traders – 100 EUR
- Pro traders – 500.000 EUR portfolio value
So, you deposit 100EUR and start with that. If you reach 500k, you are entitled to an account with higher leverage. As that being said, 100 EUR is not much to try out this broker, just double-check if you can trade with them legally from your country.
Can Customers Open A Free Demo Account?
To sum it up, yes. A demo account is available, but we never recommend using those due to the false picture that it presents about trading.
You can get familiar with the platform on a micro account if it’s offered, like in most Tier 1 trading regulated companies. However, even if trying with 100EUR wouldn’t be a big deal, you can check everything first on a demo.
DeltaStock Deposit and Withdrawal Policies
This broker accepts deposits made with credit/debit cards, bank transfers, and ePay. Any withdrawal requested can be performed through the method used for a deposit. For cards and e-Pay there is a 2% fee, but wire transfers are without any charges.
Unfortunately, there is no withdrawal processing time available. However, based on some reviews, clients might have potential issues with withdrawals.
DeltaStock Details of the Terms and Conditions
T&Cs for regulated companies are well covered. Moreover, anything stated in T&Cs should be respected and complied with. That’s why you have regulations. It is good that this broker transparently reveals all the technical data in terms of the privacy policy.
Leverage, Spreads, and Fees
As for the leverage everything is under control and according to regulation, up to 1:30 for retail traders. For experienced traders, those conditions can be modified. Spreads are not disclosed anywhere, but customers can check those on a demo account. We know there are fixed and floating spreads.
However, some users filed a complaint about manipulations with the spreads. Check it out yourself first. As for fees, the company doesn’t charge any.
What Should I Do If I Have DeltaStock Problem?
As the company stated, if you have any complaints, you can always contact FSC Bulgaria. Some clients even try that but don’t manage to sort their problems out sometimes. In trading, information is everything. Therefore, you should be informed well about all procedures, legal documentation, and policies.
There are chargebacks in worst-case scenarios if you get yourself in a position where you can’t get your money back. If you need a consultation or advice about your first step in the chargeback process, you can always reach out to our expert team. Book your first free meeting today!
FAQ
What Is DeltaStock?
Deltastock is an FX and CFD trading company operating in Bulgaria since 1998.
Is DeltaStock a Regulated Broker?
Yes. This broker owns a license from a Tier 2 Regulatory body Financial Supervision Commission ( FSC ) Bulgaria.
Is DeltaStock Available in the United States or the UK?
This trading company doesn’t have limitations in terms of country service. They offer services to US and UK clients, besides domestic clients.
Does DeltaStock Offer a Demo Account?
Yes. Besides a live trading account, you can try out first a demo account. We don’t prefer demo accounts because you are trading with virtual funds. But it is a good option to inspect the trading platform.