DeltaFX

DeltaFX is an unregulated broker based in the United Kingdom, offering a range of trading services to its clients. Established in 2002, it provides access to various financial products such as Forex, CFDs, metals, energy, indices, and cryptocurrencies. The broker offers multiple account types, including Fix Spread, ECN, Standard, and Nano, with different deposit requirements starting as low as $10. DeltaFX supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are compatible with mobile devices, desktops, and web terminals, offering a variety of tools for traders.

While DeltaFX offers a range of trading tools and account options, it is important to note that the broker operates without regulation, which may raise concerns for some traders regarding the safety of their funds.

Pros and Cons

Is DeltaFX Legit?

DeltaFX is not regulated by any reputable financial authority, which means it does not adhere to the regulatory standards that many trusted brokers follow. This lack of regulation raises concerns about the safety of client funds and the overall transparency of the broker's operations. While the broker offers a range of trading instruments and account types, traders should be cautious due to the absence of oversight by recognized financial bodies.

What Can I Trade on DeltaFX?

DeltaFX markets offers a variety of tradable instruments, including Forex, energy products, metals, indices, and cryptocurrencies. Traders can access the global forex market, trade popular commodities like oil and natural gas, as well as precious metals such as gold and silver. Additionally, DeltaFX provides a selection of major stock indices and a range of cryptocurrencies. However, it does not offer stocks, bonds, or ETFs. The available instruments allow traders to diversify their portfolios, but the lack of more traditional assets like stocks may limit some traders preferences.

Account Type

DeltaFX offers four different account types, each designed to cater to different trading needs. These include the Fix Spread, ECN, Standard, and Nano accounts, with varying deposit requirements, leverage, spreads, and commission structures.

Fix Spread Account: Requires a minimum deposit of $100 and offers fixed spreads. It includes commission fees and allows market execution.

ECN Account: With a minimum deposit of $200, this account offers floating spreads, and allows market execution. Commission is also charged.

Standard Account: Starting at $50, this account offers floating spreads, no commission, and market execution.

Nano Account: The most accessible with a minimum deposit of $10, this account offers floating spreads and allows market execution with no commission.

All accounts are compatible with both MT4 and MT5 platforms and offer trading in forex, metals, energy, indices, and cryptocurrencies. Leverage ranges from 1:33 up to 1:1000, depending on the account type. Each account has specific features like swap-free options, support availability, and expert advisor capabilities.

Leverage

DeltaFX offers varying leverage options depending on the account type. Traders can access leverage up to 1:1000, with different limits for each account. Higher leverage allows traders to control larger positions with a smaller initial deposit, but it also increases the potential risk.

DeltaFX Fees

DeltaFX charges fees based on the selected account type, with costs primarily derived from spreads and commissions. The DeltaFix account offers fixed spreads starting from 2 pips, along with a commission on trades. The DeltaECN account features floating spreads starting from 0 pips and charges a commission of around USD 5 per round-turn (2.5 USD per side), making it suitable for high-frequency traders. The DeltaBasic account offers floating spreads from 0.6 pips and does not charge a commission, making it ideal for traders looking for low deposit requirements and no additional fees. The DeltaPremium and DeltaMaster accounts have floating spreads starting from zero and charge commissions, typically ranging from USD 2 to 6 per trade.

Trading Platform

DeltaFX offers two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are accessible on a variety of devices to suit different trading preferences. MT4 is available for mobile devices (iOS and Android), desktops (Windows and Mac), and can be accessed through the web terminal. It is primarily focused on Forex and CFDs and allows traders to automate their strategies using expert advisors (EAs). MT4 offers 9 timeframes and 30 technical indicators. MT5, the more advanced version, is also available on mobile devices, desktops, and as a web terminal.

Deposit and Withdrawal

DeltaFX accepts deposits via trusted exchanges, local banks, Top Change payment gateway, and T Pay. The deposit process is typically fast, with a maximum processing time of 1 hour. Traders can choose from a variety of payment methods depending on their location and preferences. The minimum deposit requirement is as low as $10 for certain accounts, making it accessible for most traders to start.

For withdrawals, DeltaFX allows traders to withdraw funds using the original deposit method. The minimum withdrawal amount is $5 for all account types, and there is no maximum withdrawal limit. However, if funds are withdrawn through T Pay, a deduction of 5.5 Tether will apply. DeltaFX's withdrawal process is generally straightforward, but traders should be aware of any fees that may apply based on the chosen withdrawal method.