DeltaFX

Overview of DeltaFX

Founded in the UK in 2002, DeltaFX Ltd is an unregulated broker, affiliated with the National Futures Association. It provides a broad spectrum of trading options including forex pairs, energies, metals, indices, and cryptocurrencies. DeltaFX offers multiple account types tailored to different trader needs, along with high leverage ratios. The broker features extensive educational content with its Forex Glossary and supports trading on the MT4 platform, promising a resourceful trading environment for various trading strategies and educational growth.

Pros and Cons

DeltaFX presents an extensive array of trading pairs, covering the full gamut from well-established to niche currencies, thus serving the needs of a various Forex trading clientele. A prime benefit of trading with DeltaFX is the elimination of any charges on deposits and withdrawals, providing a cost-efficient trading environment. The integration of the esteemed MT4 trading platform ensures an intuitive and comprehensive trading experience.

Conversely, DeltaFX faces serious questions regarding its regulatory standing, particularly its non-authorization by the NFA and the absence of a shared licensing agreement, casting doubts for traders prioritizing security and regulatory adherence.The broker also limits the availability of certain asset classes such as energy, indices, and cryptocurrencies across its various account options, which will hinder traders looking to diversify their investment strategies.

Is DeltaFX legit or a scam？

DeltaFX operates without proper authorization from the National Futures Association (NFA) in the U.S., as it lacks a required shared license, confirming its status as an unregulated entity.

This status inherently carries substantial risks as a result of the absence of regulatory oversight, which is critical for ensuring fair trading practices, financial stability, and the protection of traders' funds.

Market Instruments

1. Forex: DeltaFX offers 47 different currency pairs, from major pairs like EUR/USD and USD/JPY to crosses and exotics involving smaller economies.

2. Energy: Traders have access to key commodities like USOIL and NATGAS with detailed contract specifications provided.

3. Metals: A selection of precious metals for trading is available including gold, silver and other precious metals, with clear trading conditions.

4. Indices: DeltaFX grants entry to significant global indices, covering markets such as the Dow Jones, S&P 500, DAX, and more.

5. Cryptocurrencies: An extensive range of digital currencies is on offer, from the well-known BTC and ETH to various others, all with detailed trading specifications.

Account Types

DeltaFX presents four distinctive trading accounts to appeal to various trader needs and preferences. These include:

• Fixed Spread Account: Ideal for traders looking for predictable trading costs, with a minimum deposit of $100 USD, up to 1-400 leverage, no commission, and fixed spreads. Offers trading in Forex, Metals, and Energy.

• Standard Account: Suitable for all traders, offering the most symbols and trading tools with a $50 USD minimum deposit, up to 1-400 leverage, no commission, and floating spreads. Provides access to a broader range of instruments including Forex, Metals, Energy, CFD Index, Shares, and Cryptocurrency.

• Nano Account: Created for beginners or those trading with small amounts, requiring a minimum deposit of just $10 USD and offering up to 1-1000 leverage with no commission and floating spreads. Limited to trading in Forex and Gold.

• ECN Account: Tailored for professionals, especially scalpers, this account connects buyers and sellers directly, featuring up to 1-200 leverage, a $200 USD minimum deposit, commission on trades, and floating spreads. Focuses on Forex and Metals.

How to Open an Account with DeltaFX

To open an account with DeltaFX, initiate by accessing their official site, completing the registration with personal details, selecting from the available account types, depositing the initial amount required for the chosen account, and finalizing the verification with requisite ID documents.

Leverage

DeltaFX offers a range of leverage options across different account types. The leverage available varies significantly, from up to 1:400 for Fixed Spread and Standard accounts to up to 1:1000 for Nano accounts, and up to 1:200 for ECN accounts. This flexibility in leverage allows traders to choose a level that matches their trading strategy and risk tolerance.

Spreads & Commissions

DeltaFX's account offerings are tailored to meet various trading needs. The Fixed Spread Account eliminates commission fees, ensuring stable trading costs. Both the Standard and Nano accounts, without commission fees, provide floating spreads. The ECN Account introduces a commission-based structure alongside floating spreads, facilitating direct market access for a sophisticated trading experience.

Other Fees

DeltaFX accommodates a various clientele by providing swap-free options for all its account types—Fixed Spread, Standard, Nano, and ECN. This feature is particularly beneficial for traders seeking to avoid interest for religious reasons or personal choice, eliminating overnight interest on positions. The broker also ensures a cost-efficient trading experience by not charging any fees for deposits and withdrawals.

Trading Platform

DeltaFX provides the MT4 trading platform, available on Android, iOS, desktop, and browsers, known for its intuitive interface and adaptability. With the support of MQL4 language, it allows for the implementation of expert advisors and personalized trading robots.

Trading Tools

DeltaFX offers a comprehensive array of trading tools created to support traders in making informed decisions. The Economic Calendar allows traders to stay ahead of market-moving events, while a variety of calculators—such as the Pivot Point, Fibonacci, Risk & Reward, Pip Value, Currency Converter, Margin, Drawdown, Profit, and Leverage Calculators—provide critical insights for planning and executing trades efficiently. The inclusion of a Market Holidays tool further enhances the trading experience by enabling traders to anticipate market closures and adjust their strategies accordingly. These tools collectively offer valuable assistance in navigating the complexities of the forex market.

Deposit & Withdrawal

DeltaFX offers a variety of deposit and withdrawal options, including Webmoney, Topchange, cryptocurrencies, and local banks, all fee-free. With the flexibility of 24/7 deposits and a wide window for withdrawals, alongside a minimum withdrawal of $5 and no cap on maximum withdrawals, DeltaFX appeals to traders of all sizes without imposing additional transaction costs.

Customer Support

DeltaFX prides itself on providing round-the-clock customer support. Clients can reach the support team 24/7 through various channels:

1. Phone: +90 212 982 84 79 or +90 531 676 9851.

2. Physical Address: Kustepe Mah. Mecidiyeköy Yolu Caddesi No: 12 Trump Tower Kat: 4 Ofis No:405 Sisli / Istanbul.

3. Email: support@deltafx.com

4. Online Live Chat: For immediate assistance, an online live chat feature is available, providing real-time support.

Educational Resources

DeltaFX offers a detailed Forex Glossary on its website, providing an expansive range of financial terminology from basic concepts to advanced trading and technical analysis tools. This educational resource spans from cryptocurrency terms to traditional financial instruments, trading strategies, and risk management principles. It serves as a valuable learning tool for both novice and seasoned traders, ensuring a comprehensive understanding of the trading environment and aiding in the development of informed trading strategies.

Conclusion

Established in the UK in 2002, DeltaFX serves as an unregulated brokerage, providing a wide range of trading instruments like forex, energies, metals, indices, and cryptocurrencies. It offers various account types to meet the needs of different traders. Key benefits include an extensive selection of trading pairs, absence of deposit and withdrawal fees, and support for the MT4 platform. Nonetheless, its lack of regulation poses significant risks regarding fund security and fair trading, while restricted asset availability in specific accounts and ECN account commissions will limit trading options and elevate costs for certain traders.

FAQs

Q: Is DeltaFX regulated？

A: DeltaFX is not regulated, highlighting risks in fund security and trading fairness.

Q: What trading assets are available at DeltaFX？

A: It offers a broad selection, including forex, energies, metals, indices, and cryptocurrencies.

Q: Does DeltaFX charge for deposits or withdrawals？

A: No charges are applied to deposits or withdrawals at DeltaFX.

Q: What platform does DeltaFX use？

A: DeltaFX supports the MT4 platform, accommodating various trading strategies.

Q: How does DeltaFX serve different traders？

A: Multiple account types are created to meet various trader needs, with some limitations.

Q: What are DeltaFX's trading drawbacks？

A: Concerns include its unregulated nature, account-specific trading limitations, and ECN account commissions, impacting cost and trading adaptability.

Risk Warning

Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change owing to continuous updates in the company's services and policies.

Additionally, the review's generation date is a critical consideration, as information may have evolved since then. Readers are strongly advised to verify updated details directly with the company before making any decisions, as the responsibility for utilizing the information herein rests solely with the reader.