Has anybody had any experience with Delta Stock? | Forex Factory

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Has anybody had any experience with Delta Stock?

  • #1
  • First Post: Mar 22, 2007 6:23am Mar 22, 2007 6:23am
This Bulgarain company offers Level 2 alike module which looks very interesting.

The commissions for level 2 trades are quite low.

"Delta Stock Inc. does charge commissions for the execution of trades through the L2 (Level 2/Level II) module of the Delta Trading platform for trading Forex at variable spreads, as follows:

• For orders with trade quantities of 1’000 to 10’000 units – a commission of 0.005% of the base currency of the traded currency pair will be charged;
• For orders with trade quantities greater than 10’000 units – a commission of 0.003% of the base currency of the traded currency pair will be charged."

From my understanding any trade equals or above 2 mini lots has effective 1.3 pips spread for many pairs under normal market condition.

Their software looks also professional. A minimum 100 Euro, USD or GBP is required to open a live account.

Is it worth trading with them?
  • #2
  • Mar 22, 2007 6:54am Mar 22, 2007 6:54am
I would go ahead and take a look at them. As you mention, they have a small deposit requirement to get started with. So it really is not a burden at all to see how they operate. Also, if you are a scalper ... they may be ideal because of the Level 2. It looks more articulated than brokers like MBTrading/EFX offer. I have never heard of them before this post, though your funds seem to be safe.

http://www.deltastock.com/images2/ball.gifSafety of Funds
http://www.deltastock.com/images2/blank.gif
As fund safety is a major concern for investors we have taken several important measures to ensure the utmost safety of customer deposits. Our margin policy eliminates concerns about debit balances by guaranteeing that you will never owe more than you have in your account, i.e. negative balance protection is guaranteed. Delta Stock Inc. is regulated by the Financial Supervision Commission (FSC) and the Bulgarian National Bank (BNB). As a registered Investment Intermediary, Delta Stock Inc. must uphold the highest standards and business practices and is subject to strict financial requirements and reporting. All customer funds are strictly kept apart from Delta Stock's operating funds in separate bank accounts.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #3
  • Mar 23, 2007 5:52am Mar 23, 2007 5:52am
Yes, I agree. Their website and terms look legitimate. But I have a few questions posted their forum (not many users) and waiting for reply. As soon as I am familiar with their software and satisfied with all answers, I would probably open an account and try it out.
  • #4
  • Edited Mar 24, 2007 4:23am Mar 23, 2007 6:01am | Edited Mar 24, 2007 4:23am
A interesting point I found out is, on level 2 their minor pairs at quiet market times have much narrower spreads than EFX. e.g. at 10:58GMT today, AUD/CHF on EFX Navigator was 9789/9802, but on Delta Trading level 2, it was 9797/9800, 9794/9800 later. Quite a lot times the spread was only 2 or 3 pips.
  • #5
  • Mar 24, 2007 1:02am Mar 24, 2007 1:02am
impressive platform and virtual tour
impressed with level 2 ability and spreads
some monetary guarantees as well

how has anyone's live trading experience been?

jm
Bring It...
  • #6
  • Edited 9:42am Mar 24, 2007 9:31am | Edited 9:42am
I have tried their software for a few days now and found it impressive. In terms of its rich features, it may be one of the best FX software I have ever used. I applied a live account yesterday and received an email with 8 PDF documents to sign, use or read. Eight? yes, not a joke, Eight! I believe they treat the account seriously. As many currency pairs stay 1 pip most of time (I have seen a big news like NFP yet). Yesterday, when US housing data was announced, EUR/USD spread stayed as 1 pip and did not change. I am happy before I start trading with real money.

Those docs have to be sent back to Bulgaria. As soon as the accout is operational, I will let you guys know how I get on wiht it.
  • #7
  • Jun 8, 2007 8:08am Jun 8, 2007 8:08am
Hi,

I just came across this thread (was prompted by the 'similar threads' while posting another new thread with the word 'Delta' in it).

All I can say is - absolutely fantastic when compared to other brokers.

I have been trading live with them for a while and I can tell you that this is (probably) the only 'no nonsense' and 'no bulls**t' broker on the planet and I have tested quite a few and have live accounts at another two and nothing compares (and no I don't work for them and I am not an IB)!

Regards,

Dale.
  • #8
  • Jun 8, 2007 7:56pm Jun 8, 2007 7:56pm
Quoting fintrans
Hi,

I just came across this thread (was prompted by the 'similar threads' while posting another new thread with the word 'Delta' in it).

All I can say is - absolutely fantastic when compared to other brokers.

I have been trading live with them for a while and I can tell you that this is (probably) the only 'no nonsense' and 'no bulls**t' broker on the planet and I have tested quite a few and have live accounts at another two and nothing compares (and no I don't work for them and I am not an IB)!

Regards,

Dale.
Thanks for your feedback Dale! I will be live with them in the next week. It's nice to here feedback from someone using them live.
So far my experience with demo and customer service are awesome!

Jules
Bring It...
  • #9
  • Edited 2:16am Aug 2, 2007 2:15am | Edited 2:16am
I was just going through some of my thread subscriptions to cancel the ones I don't need and I was subscribed to this thread so I just thought I'd update it.

Delta has now (today) just added the TRY/RON/RUB (yes - the Russian Ruble - fantastic - been waiting a long time for someone to offer the USD/RUB pair - you must check the volatility of this pair out) as well as XAUUSD and XAGUSD. They don't appear to be tradeable as yet (I've been waiting a while for this) but I believe it will be in the next couple of days.

In addition to that they will be going live (so I'm told) within the next month or so with CFD's, Indices, Commodites, etc. etc. And - what's more - they are offering things like the full DAX not just the DAX 30 (it's already on the demo accounts).

Still seems to be the best broker around - no requotes (or should I say I have probably had four or five requotes over a period of six months - that's it) - and no 'slippage'! Not my 'main' broker at the moment because I trade mainly the Indices but I'll tell you - the day that I get an order executed by my 'main' broker at the placed price - and the day that I get a stop order that is not 'slipped' by my 'main' broker - I'll throw a HUGE party!!! Anyway - the moment Delta's CFD's are live - it's 'Goodbye ???' (hey - that rhymes)!!!

And no - they still don't have an IB program (although I do believe it's coming soon) - so I'm STILL not getting paid for this message - so - don't delete it - it's not an ad!!!

Regards,

Dale.
  • #10
  • Aug 2, 2007 5:52pm Aug 2, 2007 5:52pm
Trading RON or RBL with margin would be more than great. I'm interested in this.

Still, they're not live yet:

Quote
** Currently available for DEMO trading only! Trading hours – Monday through Friday:

  2. EUR/RON and USD/RON – from 10:30 to 18:30 Eastern European Time (EET)
  3. USD/RUB - from 10:00 to 17:00 EET
  4. USD/TRY – from 10:00 to 19:00 EET

  • #11
  • Nov 29, 2007 4:55am Nov 29, 2007 4:55am
Anymore update on this broker? i heard they have some hidden charges for Lvl 2 trading and you will only be able to see it if you do manual calculation on your P/L.
  • #12
  • Edited 6:19am Nov 29, 2007 6:08am | Edited 6:19am
i notice spread in fast market between 20-120 pips !!!!!!

screenshot !
http://tinypic.com/view.php?pic=6nqzz2a&s=1

Quoting jzh
Anymore update on this broker? i heard they have some hidden charges for Lvl 2 trading and you will only be able to see it if you do manual calculation on your P/L.
Charting Markets into the Future...MǎҖ€¥.
  • #13
  • Nov 29, 2007 8:53am Nov 29, 2007 8:53am
Quoting MaXeY
i notice spread in fast market between 20-120 pips !!!!!!

screenshot !
http://tinypic.com/view.php?pic=6nqzz2a&s=1

wow that a very wide spread, do you trade live with them? Their platform looked like MS paint, how do you find their platform?
  • #14
  • Nov 29, 2007 10:52pm Nov 29, 2007 10:52pm
Hello

i was have live account with them, but then i left coz as you see spread too big and eat the profit in L2.

the platform is SUX !

Quoting jzh
wow that a very wide spread, do you trade live with them? Their platform looked like MS paint, how do you find their platform?
Charting Markets into the Future...MǎҖ€¥.
  • #15
  • Nov 29, 2007 11:36pm Nov 29, 2007 11:36pm
Quoting MaXeY
Hello

i was have live account with them, but then i left coz as you see spread too big and eat the profit in L2.

the platform is SUX !

Haha exactly, the platform really look cheapo to me... But i heard others saying their platform was wonderful so i thought maybe it was only me that do not like their platform..

Do you have any other good broker, for scalping and account can be funded by debit card?
  • #16
  • Nov 29, 2007 11:43pm Nov 29, 2007 11:43pm
am still looking around !

Quoting jzh
Haha exactly, the platform really look cheapo to me... But i heard others saying their platform was wonderful so i thought maybe it was only me that do not like their platform..

Do you have any other good broker, for scalping and account can be funded by debit card?
Charting Markets into the Future...MǎҖ€¥.
  • #17
  • Nov 30, 2007 12:07am Nov 30, 2007 12:07am
Quoting MaXeY
am still looking around !

OK please let me know if you have found one! thank you!

Looking for gd broker is equally tough as mastering forex..
  • #18
  • Nov 30, 2007 12:08am Nov 30, 2007 12:08am
soon will try MBT, they ecn so we can do scalp as we want.

Quoting jzh
OK please let me know if you have found one! thank you!

Looking for gd broker is equally tough as mastering forex..
Charting Markets into the Future...MǎҖ€¥.
  • #19
  • Nov 30, 2007 12:32am Nov 30, 2007 12:32am
Quoting MaXeY
soon will try MBT, they ecn so we can do scalp as we want.

eR, i wont be able to open an account with ecn due to their high minimum deposit... I have not much choice but to turn to MM at the moment..
  • #20
  • Nov 30, 2007 12:56am Nov 30, 2007 12:56am
mbt Start trading with $400

Quoting jzh
eR, i wont be able to open an account with ecn due to their high minimum deposit... I have not much choice but to turn to MM at the moment..
Charting Markets into the Future...MǎҖ€¥.
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