DeltaStock - Forex Broker Review

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Deltastock was founded in 1998 and started its online operation in early 2001 andis a fully licensed investment brokerage regulated under MiFID. The company is based in Bulgaria with clients found in over 50 different countries.

This broker's main goal is to adopt the best ethical practice in regards to its clients and has been providing integrated online trading services to clients from all segments including retail investors, money managers, corporate and institutional clients. The state of art technological expertise provided by Deltastock puts them way ahead of fellow competitors.

What does DeltaStock offer?

Having DeltaStock as your broker will provide you with the following benefits:

• Level 2 variable spreads of 0.1-3 pips on EUR/USD or a fix of 3 pips on EUR/USD
• Low minimum account opening of $100 USD, EUR, CHF or GBP
(Great for new traders to have a go on a live trading account with minimum risk)
• Fixed spreads even through news release. (Insane advantage)• No slippage with good fills
• Good customer service
• Withdrawals are quickly executed
• They are public company
• Good platform execution
• Ability to trade Forex, CFDs, ETFs, Gold&Silver and Crude Oil.• Free resources like news broadcast, market analysis and statistics.

The below video is a closer look at the features:

From my thorough research, it seems like DeltaStock is a reputable broker. However, like all brokers it does have some negative aspects that you may need to consider having a look at.

The Cons

• The company will trade against you. (Like MT4 Brokers)
• A lot of re-quotes during news release (even with a fixed spread)
• Level 2 variable spread option has some flaws one of which is that you cannot execute partial closure of your position when in a trade.

On the whole, this broker is fair towards its clients. A good fellow trader of mine who has been with them for well over a year introduced me to this broker a couple of months ago.

My word of advice though would be to always open a small account in order to test the customer service and reliability of the platform. Do remember that a good demo account does not necessarily mean a good live account. I got fooled a couple of times like this. Opening a live account will give you a full overview of the broker you are dealing with.

Happy Trading.

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