DeltaFX Review 2024
Saint Vincent and the Grenadines
Leverage: Up to 1:1000
Deposit: From 1 USD
Spread: Low
Regulation: Operates without regulation from top-tier financial authorities
Leverage: Up to 1:1000
Deposit: From 1 USD
Spread: Low
Regulation: Operates without regulation from top-tier financial authorities
Broker type: Market Maker
Offices: Saint Vincent and the Grenadines, Switzerland, United Kingdom
Platforms: MetaTrader 4 (MT4) available for desktop, web, and mobile
Instruments: Forex, Cryptocurrencies, Indices, Stocks, Commodities, Precious Metals
Payment Methods:
General Overview
DeltaFX, founded in 2009 and registered in Saint Vincent and the Grenadines, offers a range of trading services in the global financial markets, specializing in Forex and CFD trading. Clients can engage in trading various instruments, including currency pairs, stocks, indices, and commodities, capitalizing on market price fluctuations. With a user-friendly platform equipped with a built-in set of indicators and graphical tools for market analysis, DeltaFX aims to enhance the user experience. Additionally, the broker is actively developing educational programs to help traders improve their skills. However, DeltaFX operates without regulation from reputable financial authorities, which raises concerns about the safety of trading with this broker.
Pros
- High leverage options up to 1:1000
- Low minimum deposit of $1 (Nano Account)
- Wide range of tradable instruments
- Swap-free accounts compliant with Islamic finance
- Cryptocurrency deposit options
Cons
- Lacks regulation by top-tier financial authorities
- Only supports MetaTrader 4 (MT4)
- Limited to one type of trading account per user
- Some popular instruments like bonds and ETFs are not available
Trust and Safety
Regulations: Operates without regulation from top-tier financial authorities
Trading Platforms
MetaTrader 4 (MT4) available for desktop, web, and mobile
Visit PlatformsDelta FX currently supports trading exclusively on the classic MetaTrader 4 (MT4) platform, which remains one of the most popular and reliable trading platforms in the industry. MT4 is available for Windows, Mac OS, Linux, and both iPhone/iPad and Android devices, offering traders flexibility across various operating systems. In addition to the standard downloadable version for desktops, Delta FX also provides a web-based version of MT4, allowing traders to access their accounts directly from a browser without the need for installation. A mobile app is also available for those who prefer to trade on the go using their Apple or Android phones. Although the newer MetaTrader 5 (MT5) platform is not yet supported, the broker has indicated that it plans to add MT5 in the near future.
Tradable Instruments
Instruments: Forex, Cryptocurrencies, Indices, Stocks, Commodities, Precious Metals
Delta FX offers a diverse range of trading instruments, allowing traders to access various financial markets. These include forex, metals, energy commodities, stock indices, shares, and cryptocurrency CFDs, providing ample opportunities to trade across different asset classes. Specifically, the broker offers over 45 currency pairs, covering major and minor world currencies; 7 crypto pairs based on popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and others; 25 index CFDs based on baskets of blue-chip stocks and the US Dollar Index; 12 metal CFDs, including gold, silver, and copper; 3 energy CFDs, covering Crude Oil (WTI, Brent) and Natural Gas; and over 150 stock CFDs, based on shares of companies from the US, UK, Germany, and France. However, it's important to note that some popular instruments, such as bonds, interest rates, and exchange-traded funds (ETFs), are not available, which may limit options for traders looking for a broader range of investments. Despite this, Delta FX covers a comprehensive selection of key trading assets, catering to the needs of forex and CFD traders.
Account Types
DeltaFX provides its clients with four distinct trading account options to cater to various trading needs and preferences. These account types include the “Nano”, “Standard”, “FixSpread”, and “VIP” accounts. The “Nano account” is designed for beginner traders, requiring a minimum deposit of just USD 1 and offering leverage of up to 1:1,000, but it limits trading instruments to only forex and gold. The “Standard account”, with a minimum deposit of USD 5 and leverage of up to 1:400, provides access to the full range of trading instruments available on the platform. The “FixSpread account” also requires a USD 5 deposit and offers similar leverage but adds energy commodities to the available instruments. For high-net-worth traders, the “VIP account” requires a minimum deposit of USD 20,000 and offers leverage of up to 1:200, but like the Nano account, it limits trading to forex and gold. Importantly, all DeltaFX accounts are swap-free and comply with Islamic finance principles, making them suitable for traders in the Middle East.
Deposits and Withdrawals
DeltaFX offers a variety of deposit and withdrawal methods tailored to meet the diverse needs of its clients, with several options providing flexibility and convenience.
Deposit Methods
- Local Deposit: The local deposit method has a minimum deposit requirement of $100. If the deposit is made between Saturdays and Thursdays before 8:30 UTC, the funds are credited to the trading account on the same day. Deposits made after 8:30 UTC will be processed on the next day. However, local deposits are not available during official holidays, so traders should plan accordingly.
- Tether Deposit: For those who prefer the flexibility of cryptocurrencies, DeltaFX supports Tether (USDT) deposits 24/7, even during holidays. This method has no minimum deposit limit, allowing traders to fund their accounts with any amount they prefer, making it a highly convenient option for crypto enthusiasts.
- Top Change Deposit: The Top Change deposit method is available around the clock, 365 days a year, including during holidays. This service is ideal for traders who need continuous access to funding their accounts without time restrictions.
Additionally, DeltaFX caters to a unique customer base, with a focus on Iranian residents. This is reflected in the option to fund accounts using the Iranian rial through local bank transfers, the Top Change payment gateway, or WebMoney. The broker also accepts cryptocurrency deposits, including Bitcoin (BTC) and Tether (USDT), making it versatile for clients worldwide.
Withdrawal Methods
DeltaFX offers efficient and straightforward withdrawal processes that align closely with its deposit methods, ensuring that traders can access their funds quickly and without hassle.
- Local Withdrawal: Local withdrawals are processed from Sunday to Thursday. If a withdrawal request is submitted before 8:30 UTC, funds are transferred on the same day. Requests made after 8:30 UTC will be processed the next day. Withdrawals are not available during official holidays, and the minimum amount that can be withdrawn is $10.
- Tether Withdrawal: With Tether, traders can withdraw their funds from Sunday to Friday with a minimum withdrawal limit of $6. However, a transaction fee of 5.5 USDT applies to all withdrawals, regardless of the amount.
- Top Change Withdrawal: For maximum flexibility, the Top Change withdrawal method is available from Sunday to Friday with no minimum withdrawal limit. This method allows traders to access their profits without worrying about the amount they want to withdraw.
Bitcoin
Customer Support
Delta FX offers 24/7 customer support, which can be reached via a Turkish phone number for technical assistance. In addition to this, the broker provides separate phone lines for marketing or other inquiries, with contact numbers listed for its marketing office in Switzerland and its head office in the UK. For less urgent matters, clients can also reach out through email or use the live chat feature available on the Delta FX website, ensuring multiple channels for customer communication.
Broker Name: DeltaFX
Broker Type: Market Maker
Country: Saint Vincent and the Grenadines
Operating since year: 2009
Regulations: Operates without regulation from top-tier financial authorities
Phone: + 44 204 577 3465
Email: [email protected]
Address: Saint Vincent and the Grenadines
Broker status: Active
FAQs
What countries does DeltaFX accept clients from?
DeltaFX is notable for accepting clients from virtually all countries, including the United States. This is quite rare among forex brokers, making it an attractive option for US-based traders who often face restrictions from many other brokers.
Do spreads change when news is published?
Yes, spreads tend to increase during periods of market volatility and around news releases. These fluctuations depend on DeltaFX's liquidity providers, so traders should be aware that spreads may widen in fast-moving markets.
What are the margin call and stop-out levels?
For most account types at DeltaFX, the margin call level is set at 100%, while the stop-out level is 20%. However, for the ECN account, the stop-out level is slightly higher at 50%, although the margin call level remains at 100%.
Can we open different types of trading accounts?
No, DeltaFX only allows you to open one type of trading account. This might be a limitation for traders who prefer to use multiple account types for different trading strategies.
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