After receiving licensing from the Financial Services Board (FSB) of South Africa, DeltaStock, a Bulgarian-based Forex broker, has opened an office within the country's borders, in the business district of Parktown, Johanesburg. The FSB is the regulatory body that oversees all non-banking services in South Africa. Among the bodies regulated by the FSB are the country's stock exchange, though few Forex brokers are registered with the FSB. Traders wondering about this latest regulation should not be confused – DeltaStock is also regulated by the FSC and BNB, and it operates under MiFID, the regulatory body that is dominant in Europe and one that does supervise a host of reliable Forex brokers.
The goal of DeltaStock's new office is not only to provide support to a new, African-based clientele, but also to provide direct support to the company's existing traders based throughout the world. The brokerage, which was established in 1998, is continually trying to meet the needs of its traders, both by providing the utmost in reliability (as evidenced by its multiple regulations), and by its evolving trade offerings. The company's recently launched Delta Trading platform offers web-based access to the currency markets from anywhere, and its MT4 platform allows traders to have the desktop access that is familiar. In addition, DeltaStock offers flexible leverage up to 1:200 to protect its traders, and a choice of both fixed and variable spreads.