DeltaStock

Many Forex brokers offer low fixed spreads, multiple trading platforms and dozens of currency pairs, but few offer the user-friendly interface that is the hallmark of Deltastock.  With a low minimum deposit for both ECN trading and standard accounts and multiple regulations to secure the utmost in client safety, Deltastock makes every effort to serve the needs of both new and experienced traders.  We’ve tested the ins and outs of Deltastock and recorded our findings in the Deltastock review below. 

General Information
Founded in: 1998
Headquarters: Sofia, Bulgaria
Maximum leverage: 1:200
Minimum deposit: $100
Minimum lot size: 0.01 lot
Languages available: English, French, Spanish, German, Russian, Romanian, Bulgarian
Regulation: FSC, BNB, MiFID

Trading Platform
Deltastock offers traders a choice between Delta Trading, the company's own proprietary trading platform, and the internationally acclaimed MetaTrader4.  For the purposes of this Deltastock review, we tested the Delta Trading platform over the standard MT4, for a fuller understanding of exactly how Deltastock functions.

The first thing we noticed about the Delta Trading platform is that it is comprised of no fewer than four disjointed panes, each of which can be controlled independently.  Although this style took a bit of adjustment as most Forex trading platforms offer the entire platform in one fixed screen, we actually found it to be quite useful once we became accustomed to it, because we were able to keep only the most critical panes present on the screen while focusing on other tasks, both trading-related and otherwise.  

Another aspect of the Delta Trading platform that we truly enjoyed was the clear, concise way the platform summarized each trade, which can be illustrated in the screenshot below.   

The Delta Trading platform offers both ECN conditions and standard trading conditions in a single platform.  The platform’s Level 2 Module is the destination for traders looking for ECN trading, which can be done with FXCM, Interactive Brokers, Dukascopy Bank, Citibank and Deltastock, from which traders can choose their counterparty independently. 

After a short learning curve that was supplemented, we appreciated the versatility of the platform and the ability to complete manual and automated trades and to schedule SMS messages when limits are reached. 

It should be noted that the Delta Trading platform is available in both downloadable and web-based versions, and that mobile trading is available as well.

Features
In addition to the features mentioned above, Deltastock offers several features that are worth mentioning.  For starters, the brokerage offers constant trading competitions which are great for those who enjoy the fun side of trading.  Yet it was the charting tools and hedging abilities that really impressed us.  New traders who aren’t quite comfortable with the technical aspects of Forex trading can take advantage of Deltastock’s thorough educational center.  During our Deltastock review we were happy to see that the brokerage offers not only articles pertaining to Forex trading basics, but also those specifically designed to provide useful information about technical strategies and understanding critical charting strategies and tools. 

The ability to get updates via email or SMS also demonstrated Deltastock’s supreme flexibility and understanding of different traders’ needs. 

Customer Service
Deltastock customer service can be reached via email, live chat or phone.  In our tests of the brokerage we found their chat service to be the fastest and most reliable form of contact, though the others offered satisfactory service.  Phone calls can be placed locally in England, Romania and Bulgaria, between the hours of 9am and 5pm local time.  

We emailed Deltastock with an extremely straightforward question and received an answer in about 16 hours which we found to be entirely satisfactory, considering that we sent our email during what is evening time in the Eurozone.

Ease of Use
Unlike some brokers whose strong marketing ploys mask their underlying value, Deltastock makes an effort to provide straightforward information about its trading conditions, so that traders can choose the brokerage for all the right reasons.  Navigating around the site before registration is both simple and easy, as is registration.  Deposits and withdrawals can be made via Visa and Mastercard, debit cards, wire transfer and MoneyBookers. 

A PDF document outlining the spreads and commissions imposed by Deltastock is offered publicly in the My Account section of the website, so that there are no surprises or aggravation once trading begins.  Likewise, traders who prefer fixed spreads can find a list of the company’s fixed spreads plainly on the site. 
As mentioned previously, we did experience a bit of a learning curve when using the Delta Trading platform, though this is not uncommon when using a new platform.  In fact, once we discovered all of the unique features of the platform, we were intrigued by the incredibly easy to use platform and the wide range of executions that were easy to perform.

Final Thoughts
Deltastock does not currently accept traders from the USA, Japan, Cuba, Iran, Iraq, North Korea, Sudan, Syria, Libya, Lebanon, Myanmar, Palestine, Somalia, Belarus, Democratic Republic of Congo, Ivory Coast, Liberia, Uzbekistan, Zimbabwe, and Afghanistan, which we found to be a shame because of their quality services.  Multiple regulations gave us confidence in the brokerage from the start, and an ample choice of trading platforms and conditions solidified our positive trading experience.