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Deltastock, incorporated in 1998 and headquartered in Sophia, Bulgaria, is an online Forex and CFD broker regulated under MiFID. It is also regulated by the Bulgarian Financial Supervision Commission a member of the ESMA (European Securities and Markets Authority) as well as the FSC.
There are two accounts to choose from at Deltastock. The Delta Trading Live Account enables traders to trade Forex, Spot Gold and Silver, CFDs on stocks, indices, and ETFs, CFDs on Brent and WTI Crude Oil Futures using the platform Delta Trading. The required minimum deposit for opening this account is $100 or the equivalent.
With a MetaTrader 4 Live Account, traders can trade Forex, Spot Gold and Silver using the MetaTrader4. The required minimum for opening a MetaTrader4 Live Account is also $100 or its equivalent.
All account holders are assigned a dedicated account manager.
I was pleased when doing this review to see that either of the above accounts can be used as a demo account and is available for traders of all levels.
Traders using the Delta Trading account can benefit from Deltastock’s advanced yet user-friendly trading platform with a wide variety of instruments including 80 currency pairs, Gold & Silver, over 1,000 CFDs on Shares, Indices, Futures, and ETFs.
Trades can be made with both fixed and variable spreads, all in one platform.
There are professional live charts, over 80 technical indicators and charting tools and a host of versatile order types.
With the Deltastock MetaTrader 4 account traders have use of the most popular trading terminal in the world. Here they can trade 80 currency pairs, Gold and Silver with tight dealing spreads (from 1 pip), no re-quotes and no commissions.
There is variety of order trypes to choose from including market, limit, stop, trailing stop and a large number of technical indicators, professional charts and Expert Advisors (EAs).
Desktop and mobile versions (iPhone, Android, Windows Mobile) of the platform make trading from anywhere at any time an easy endeavor.
There is a variety of free trading resources at Deltastock such as technical analysis, live quotes on futures, indices and Forex, a currency converter and real-time news provided by Thomas Reuter.
An economic calendar provides a schedule of key global economic events coming in the next 5 days and interactive graphs illustrate economic indicators' historical data, market expectations, actual values and calculated volatility. Each indicator is accompanied with a brief description, helping the novice trader get used to Forex and CFD trading.
One of the most popular methods in technical analysis used by both institutional and retail traders is determining the resistance and support levels using the so-called Pivot Point, which is the starting point when defining market sentiment as bullish or bearish. Deltastock provides an ongoing live pivot point graph as well as other technical tools for determining resistance/support levels which include prior tops/bottoms, trend lines and trend channels, Moving Averages and Fibonacci Retracements.
Deltastock also posts listings of central bank interest rates, market stats on the most popular stocks and updated relationships between one currency and another.
An extensive selection of videos is provided on the basics of trading, as well as trading fundamentals, advanced trading techniques and as guides for using either the Delta Trading 6 or the MetaTrader4 trading platforms.
There is also a full glossary of financial terms.
Deltastock is big on bonuses with several being offered at the time of this Deltastock review. All new Deltastock clients who open a live trading account and fund it with $100 or more receive a 10% trading bonus on their first deposit, or up to $1,000.
In celebration of their 15th anniversary they were offering a 15% cashback promotion and a 20% Cashback Bonus was awarded on an initial deposit if it was made using the online payment system Skrill. This is the first time I have ever seen this sort of promotion.
In addition, a Refer-a-Friend promotion was in place whereby each live trading account opened by a friend brought bonuses both to the original account holder and his/her referred friend. Depending on the initial deposit to the newly opened account, this promotion started with $50 for each deposit of up to $2000 and as much as $200 for a deposit of over $4000.
Depositing funds into a trading account can be done using bank wire transfers, MasterCard and VISA Credit/Debit Card, or Skrill. There are no commissions of fees involved.
Withdrawals are made via bank wire with a minimum fee of $1.00 or by credit/debit card with of fee of 2% of the payment amount.
Deltastock maintains two offices—one in Sophia, Bulgaria and the other in Bucharest, Romania and traders can reach representative by telephone at either of these two locations. Phone calls can be placed locally between the hours of 9am and 5pm local time.
Multilingual (over 28 languages) customer support is offered 24/5 and there is a dedicated customer service 24-hour support by phone, email and live chat.
Deltastock offers one of the most user-friendly interfaces in the industry. With a low minimum deposit for both Forex and CFD trading and multiple regulations to secure the utmost in client safety, Deltastock makes every effort to serve the needs of both new and experienced traders. Deltastock does not currently accept traders from the USA, Japan, Cuba, Iran, Iraq, North Korea, Sudan, Syria, Libya, Lebanon, and a host of other countries which is a shame because of their quality services.
Review info: DeltaStock
Review Date: 2016-08-02
Rating : 4
Reviewed By : Sara Patterson (Google+)