DeltaFX Information
Founded in the UK in 2002, DeltaFX Ltd is an unregulated broker, affiliated with the National Futures Association (NFA, unauthorized). It provides a broad spectrum of trading options including cryptocurrency, indices, metals, forex, and energies. DeltaFX offers multiple account types tailored to different trader needs, along with flexible leverage up to 1:1000. The broker features extensive educational content with its forex school and glossary, and supports trading on the MT4 and MT5 platforms, promising a resourceful trading environment for various trading strategies and educational growth.
Pros & 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 MT4/5 trading platforms ensures an intuitive and comprehensive trading experience.
Conversely, DeltaFX faces serious questions regarding its regulatory standing, particularly its non-authorization by the NFA, casting doubts for traders prioritizing security and regulatory adherence. And it does not provide services to citizens in the United States and EU/EEA/EFTA countries.
Is DeltaFX Legit？
DeltaFX operates with an unauthorized license from the National Futures Association (NFA, No. 0561510), which raises concerns about its regulatory compliance and oversight. The lack of a valid NFA license means that DeltaFX does not meet certain regulatory standards that are crucial for ensuring the safety and transparency of trading operations.
However, DeltaFX claims to offer additional security to its clients through the financial commission's compensation fund, which purportedly provides protection up to €20,000 per claim. While this might offer some level of reassurance, potential traders should exercise caution and thoroughly evaluate the risks involved. The absence of recognized regulatory oversight typically suggests a higher risk factor, and traders should consider this carefully when deciding whether to engage with DeltaFX's services. It is advisable for traders to seek platforms that boast full regulatory compliance to ensure higher standards of protection and reliability.
Market Instruments
Forex: DeltaFX offers 47 different currency pairs, from major pairs like EUR/USD and USD/JPY to crosses and exotics involving smaller economies.
Energy: Traders have access to key commodities like USOIL and NATGAS with detailed contract specifications provided.
Metals: A selection of precious metals for trading is available including gold, silver and other precious metals, with clear trading conditions.
Indices: DeltaFX grants entry to significant global indices, covering markets such as the Dow Jones, S&P 500, DAX, and more.
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:
Created for beginners or those trading with small amounts, requiring a minimum deposit of just $10 and offering up to 1:1000 leverage with no commission and spreads from 1.0 pips. Limited to trading in Forex and Gold.
Suitable for all traders, offering the most symbols and trading tools with a $50 minimum deposit, up to 1:400 leverage, no commission, and unspecified competitive spreads. Provides access to a broader range of instruments including Forex, Metals, Energy, CFD Index, Shares, and Cryptocurrency.
Tailored for professionals, especially scalpers, this account connects buyers and sellers directly, featuring up to 1:200 leverage, a $200 minimum deposit, unspecified lowest commission on trades, and spreads from 0 pips. Focuses on Forex and Metals.
Ideal for traders looking for predictable trading costs, with a minimum deposit of $100, up to 1:400 leverage, no commission, and fixed spreads. Offers trading in Forex, Metals, and Energy.
Leverage
DeltaFX offers a tailored approach to leverage, providing different ratios across its various account types to suit the trading preferences and risk tolerance of its clients.
For traders opting for the Nano account, DeltaFX provides leverage up to 1:100, which is suitable for those who prefer lower risk exposure.
The Standard and Fix Spread accounts offer higher leverage up to 1:400, appealing to traders who are looking for greater market exposure and the potential for higher returns.
For more experienced traders who seek tighter spreads and more direct market access, the ECN account offers leverage up to 1:200, balancing significant exposure with risk management.
Spreads & Commissions
DeltaFX offers a diverse range of spreads and commission structures tailored to meet the needs of various trading styles and strategies across its account types.
For traders using the Nano account, spreads start from 1.0 pips, providing a straightforward cost structure suitable for those new to trading or preferring smaller trade sizes.
The Standard account features competitive but unspecified spreads, catering to regular traders seeking flexibility in trading costs.
For those looking for the tightest possible spreads, the ECN account offers spreads from as low as 0 pips, coupled with a low but unspecified commission rate, making it ideal for high-volume traders who can benefit from direct market access and rapid execution.
Conversely, the Fix Spread account provides an unspecified fixed spread, offering predictability in trading costs which is particularly appealing during volatile market conditions.
Other Fees
DeltaFX accommodates a various clientele by providing swap-free options for all account types. 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 Platforms
DeltaFX provides its clients with robust trading platforms by offering both MetaTrader 4 and MetaTrader 5, available across a comprehensive range of operating systems including Android, iOS, Windows, Mac, Linux, and Web versions. This wide accessibility ensures that traders can engage with the markets from virtually any device at any time, enhancing trading flexibility and convenience. MT4 and MT5 are renowned for their advanced trading features, user-friendly interfaces, and extensive analytical tools, including real-time charts, technical indicators, and automated trading capabilities through Expert Advisors (EAs).
Copy Trading
DeltaFX enhances its trading services by offering copy trading, a feature that allows less experienced traders to replicate the trades of seasoned professionals automatically. This service is particularly beneficial for new traders or those who prefer a more hands-off approach to trading. By leveraging the expertise of successful traders, participants in DeltaFX's copy trading can potentially accelerate their learning curve and increase their chances of success without needing to develop expert-level trading skills right away. The platform provides a user-friendly interface that simplifies the process of selecting which traders to follow based on their performance metrics, risk level, and trading style. This democratizes access to the forex and CFD markets, making it easier for anyone to engage in trading with the added confidence that comes from tapping into the knowledge and strategies of experienced traders.
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.
Educational Resources
DeltaFX is committed to empowering its clients with comprehensive educational resources, highlighted by its Forex school and an extensive glossary of trading terms.
The Forex school offers structured courses that cover a wide range of topics from the basics of forex trading to more advanced strategies and market analysis techniques. This educational content is designed to cater to both novice traders who are just starting out and more experienced traders looking to refine their skills.
Additionally, the glossary provides clear definitions of key trading concepts and terms, helping traders to better understand complex financial jargon and enhance their market literacy.
Customer Support
DeltaFX prides itself on providing round-the-clock customer support. Clients can reach the support team 24/7 through various channels: live chat, phone, and email.
You can also follow them on some social media, including Instagram, LinkedIn, YouTube, and Twitter.
The FAQ page is also available, including topics of financial affairs, user panel, broker characteristics, trading platform, registration, making edits and changes, making trades, and details of services.
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 MT4/5 platforms. Nonetheless, its lack of regulation poses significant risks regarding fund security and fair trading, while restricted asset availability in specific accounts will limit trading options and elevate costs for certain traders.
FAQs
Is DeltaFX regulated？
No. DeltaFX currently only holds an unauthorized NFA license.
What trading assets are available at DeltaFX？
Forex, energies, metals, indices, and cryptocurrencies.
Does DeltaFX charge for deposits or withdrawals？
No.
What platform does DeltaFX use？
Both MT4 and MT5.
At DeltaFX, are there any regional restrictions？
Yes. It does not provide services to citizens in the United States and EU/EEA/EFTA countries.
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.
2024-07-09 18:09
2024-06-28 15:11
