DeltaFX Review: Is DeltaFX a Good Broker?
Broker overview and general information
DeltaFXDeltaFX is a broker that was founded in 2004 and focused on serving traders in the Middle East before expanding to the global market. The company has its headquarters in London and offices in countries such as Switzerland, Turkey and Dubai, and offers the MetaTrader 4 and MetaTrader 5 trading platforms and a wide range of assets including Forex, stocks, indices, commodities and cryptocurrencies. Despite the company's long history and international awards such as Best Forex Broker and Best Customer Service Provider, it is worth noting that DeltaFXNo regulatory license from a recognized financial authorityThis may be a significant risk that investors should carefully examine before deciding to invest.
Broker Licensing and Regulation
If you ask whether DeltaFX broker is good or not, you must first consider the license and registration factors. The broker is not regulated by any agency.
⚠️Warning:No licensing and regulation information for this broker could be found, and since DeltaFX was expelled by the Financial Commission (FC) for non-compliance, the FC compensation fund is no longer available to help the broker's clients. The FC is an independent organization that oversees dispute resolution between clients and brokers in the FX and CFD industry.
Investors should be aware of the risks involved as there may be no financial protection from regulatory agencies. It is recommended that you conduct your own research and consider carefully before investing.
Broker Products and Services
Trading products
Forex brokers offer the following underlying assets for trading:
More than 45 currency pairs based on major and minor world currencies.
7 Cryptocurrency Pairs Based on Bitcoin, Bitcoin Cash, Dash, EOS, Ethereum, Stellar Lumens, Ripple
25 Index CFDs based on a basket of blue chip stocks and the US Dollar Index.
12 metal CFDs based on gold, silver and copper
3 energy CFDs based on Crude Oil (WTI, Brent) and Natural Gas.
Over 150 stock CFDs based on shares of companies in the US, UK, Germany and France.
Trading Platform
MetaTrader 4 (MT4)
It is a highly popular platform among Forex and CFD traders.
Support for use Expert Advisors (EAs)For automatic trading
Comes with technical analysis tools such as indicators and various charts.
MetaTrader 5 (MT5)
A platform developed from MT4 with new features such as additional timeframes and an economic calendar system.
Supports trading of a wide range of assets such as stocks, futures and commodities.
It also offers clients free access to Trading Central’s market research and analysis tools, including popular technical analysis tools like Autochartist.
DeltaFX Review: Account Types
The broker offers four types of trading accounts:
Fix Spread Account
ECN Account
Standard Account
Nano Account
Customer Service
Broker Review Overview Summary
DeltaFX is a broker that has many points to consider before deciding to use its services. One of its major drawbacks is its lack of a license from a credible regulatory body and its previous removal from the Financial Commission (FC) for non-compliance, a factor that could increase the risk for traders. There is also a lack of clarity regarding deposit and withdrawal processes and fees, which could cause inconvenience and unexpected costs for users. Investors should consider carefully and check more information before investing.
DeltaFX FAQs
1. Is DeltaFX a scam?
The investigation did not find any information about the licenses that the broker received from various regulatory bodies, and there was also news about its delisting from the Financial Commission (FC) due to non-compliance with the rules, which meant that the FC compensation fund could not help DeltaFX clients. Investing with this broker is considered risky.
2. What is the minimum deposit of DeltaFX?
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DeltaFX Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.
