Has anybody had any experience with Delta Stock?

I have been 'neglecting' to post on this thread for a while but I'd like to make a point:

Delta offers fixed spreads as well as variable spreads (L2) so why on earth would you want to use L2 when trading the news??? Also: what is the 'big deal' about L2 i.e. all you're able to see is what the rest of Delta's clients are doing not the market as whole.

The point I'm trying to make is that I have been trading with Delta for just over a year now and I can tell you that I have never had a single problem with them at all and I don't use L2 i.e. I really don't mind paying the spread that's due to the broker. Orders are never 'slipped' and are always executed quickly and the only thing that has started happening lately that is a little bit annoying is the fact that I have experienced a few requotes when placing market orders but aside from that they're a good broker.

I agree L2 is worthless and is highly manipulated.

Thanks for agreeing with me!!!

I just thought that I had to post because it is so hard to find a good broker and Delta just happens to be a good broker so I reckon they deserve a break.

L2 is a great marketing 'gimmick' but, as I said, all you're seeing is what the Delta clients are doing (and for the most part I would imagine you're watching 'new traders' so if anything you COULD use it to 'take the other side' of the trades. Now if L2 was showing you the 'GLOBAL positioning of longs and short' now THAT would be a different story!!!

In addition to that Delta's L2 is going through the dealing desk whereas normal market orders are not.

On the other hand (at Delta) there is no reason why you can't open a position through L2 and then close it using a 'normal' market order at a fixed spread i.e. SOMETIMES this will save a few pips but it's hardly worth the effort.

Anyway, like I said, credit should be given where it's due.

L1 is good, but you'll face reqouta in fast market "you'll never fills"

Any update , i am intrested in their L2

Hi,

Thanks for the query.

I know: it's bad. A person should keep old threads updated!!!

Anyway: no problems at all with them. I've now been trading live with them for just under two years now and I can tell you I'd not change them 'for the world'. They have just gone from strength to strength in the past eighteen months or so. Customer support is, and always has been, 'first class'. I must admit that of late I do get a few requotes if I'm going in at market but I think it's only fair to expect that in the volatile markets of late and it's mainly on instruments like the Dow and pairs like GBP/JPY so I believe it's to be expected at the moment in all fairness to them. Having said that: stop order execution is almost always at the placed price. I don't use L2 to trade although I do sometimes use it to monitor 'sentiment' as it were.

Very happy!!!

Regards,

Dale.

LOL!!!! of course you don't have any problem with this broker, because you are the owner of "Fintrans".

From your site (the link can be found in his profile) : FINTRANS TRANSPORT AND INVESTMENTS (PTY) LTD

REGISTRATION NUMBER 2004/019114/07

A FINANCIAL SERVICES PROVIDER

INTRODUCING BROKER FOR GCI FINANCIAL AND DELTASTOCK "

So... of course, for you, deltastock IS THE BEST BROKER from this industry

C'MON, you are a LIAR.

PS: I had some experience with deltastock, they are CRAP. No regulations, bad spreads, and so on... . And by the way, they are NOT a ECN broker, they are a MARKET MAKER. Even if they have a LEVEL II windows in their platform.

Hey,

Watch who you're calling a liar.

Did you see ANYWHERE in my reply to 'tar' where I mentioned that if he / she decided to open an account at Delta then they must PLEASE make sure to note that I / we are the Introducing Broker??? Definitely not!!! Now had I said something like: 'oh and by the way: if you DO open an account at Delta then PLEASE do mention that I am / we are the IB' THEN I could understand your response!!!

As far as you 'knocking' them is concerned: that's your prerogative of course but you know what: in my experience people that post messages like yours have normally lost money and, true to form, blame the broker, the weather, the dog, and everything else BUT themselves and I know this because I did it myself in the beginning. I wasn't the first and I won't be the last.

The fact of the matter is that I have never had any problems with Delta whatsoever and that is MY prerogative to state. I was asked by 'tar' specifically about Delta and I gave my opinion is all. So what: because I / we just HAPPEN to be an IB for a broker then no matter how good that broker may be then I / we must just keep quiet???

As you know: I / we are IB's for GCI Financial as well. In the beginning I (personally) lost 'bucket loads' of REAL money at GCI and blamed them too. Now that I'm not 'wet behind the ears' anymore I know that those losses had nothing at all to do with the broker and everything to do with my lack of experience and knowledge.

It may also interest you to know that of the two brokers: GCI has MANY bad reports about them on various sites whereas Delta has none. In GCI's case: 99% of the bad reports are by people who are 'bitter' because their EUR/USD order had been 'slipped' by 3 pips. WOW!!! THAT is the way the REAL market works. Most people have heard of the term 'slippage' but actually have NO idea WHY it happens and, of course, 'jump of the bandwagon' without even bothering to find out or knowing EXACTLY what a stop order is and how it's executed. GCI is also IN MY OPINION one of the best brokers around (now that I know what I'm doing). The only 'problem' with GCI is that you need 'big bucks' to be successful because of the instruments that they offer and this eludes most people. The fact of the matter is that had 'tar' asked specifically about GCI I would have made these issues known: AGAIN without 'begging' or 'peddling' for another client through the IB program!!!

As for specifics about Delta:

I do this for a living and I would therefore be wrong to NOT periodically 'check around' at other brokers to make sure that I was getting good / reasonable / comptetitive spreads from my / our brokers. I hate to tell you but Delta's spreads are no better or no worse than any other broker. On the other hand: most people that are so worried about spreads are normally 'scalpers'. If that's your 'style' then use Delta's L2. Sometimes the spread is 1 pip. Sometimes there is NO spread. What: not low enough for you??? Would you like the brokers to pay YOU the spread???

But then again: I'll bet you are one of those people who has 'issues' paying spread / commission. That's the BROKERS income my friend. What: do you think that they should just be there and provide the platforms and data feeds and support and administration facilities for free??? Why??? Because they like people like you and want to help you out??? I think not. Oh sorry: I'll also 'wager' that you are also one of those people who believe that the brokers make their money by 'trading against you' or 'taking the other side of your trade' or nonsense like that. What's the bet???

No regulation? I beg to differ. They are regulated by various bodies including the EU's equivalent of the SEC (who, from what I can see, do a better job than the SEC anyway).

Get your facts straight before posting a post like you did.

Regards,

Dale.

Edit:

Hmmm. I went one step further to check the posts that you have posted on this site. It seems you have a 'hard on' for posting in the 'Brokers Discussion' forum. I see that you have issues with Alpari as well??? Odd. I've had experience with them as well and had no issues either and NO: I / we have NEVER been IB's for them. And it would also seem I've 'hit the nail on the hear' as far as spread are concerned not so??? I see you complaining about requotes??? Sorry mate: that's the way 'the real market' works.

Bottom line to everyone and anyone that reads this post:

'Scour' the web and get as much information as you can about your 'chosen potential broker' and then YOU decide. You DO NEED, however, to be able to do this and 'filter out' the 'nonsense issues' posted by the likes of 'Malstrom'.

It's also a fact of life (like a trading system): what works for me may not work for you. It's that simple. As an example: many people do not like Delta's NOR GCI's platform because they're 'sold' on MT4. As much as I like MT4: I've gotten used to, and now prefer, both Delta's and GCI's proprietary platforms. But there again: that's my personal feeling and they 'work for me'. Another common mistake: prople get 'stuck' on software like MT4 and as long as they can find an MT4 broker: all common sense and reason goes 'out the window'. It's not the platform that's important. It's the broker BEHIND the platform that counts.

Anyway 'tar':

So sorry that this thread went 'off track' thanks to 'Malstrom'.

If I can help you any further then please do post and I'll do the best I can for you (and no: you DON'T have to sign up at Delta and note that I / we are the Introducing Broker in order to get my help). As a matter of fact: I spend a good deal of time maintaining one or two forums (not on this site) to help new traders to NOT make the same mistakes that I have made in the past. This done also in an effort to keep new traders AWAY from the likes of 'Malstrom'.

By the way 'Malstrom': I should be thanking you for advertising our company and website!!!

These orders appears on Delta L2 it is for whom ? All for Delta , or their clients 2 ?

Hi,

The orders that appear on L2 are only Delta's clients i.e. not 'the market' as whole.

Regards,

Dale.

By the way:

Just to add something here:

Delta's L2 is not a 'big deal' (well not to me anyway) i.e. although you get smaller spreads (as I said: sometimes none) you still pay commission on the trades (although, in the end, most times, you're still 'better off' from what I gather). Having said that: I prefer the fixed spreads anyway i.e. I like to know 'what I'm in for' and I like to know 'what I'm out for'.

Just a thought.

Regards,

Dale.

Yeah ofcourse not the whole market , but what this mean please : Deltastock AD is the counterparty on all Level2 trades ?

(Be nice if it was 'the whole market'!!! That would definitely be 'the keys to the kingdom)!!!

Anyway: that means that you are trading with / against Delta's clients only.

Regards,

Dale.

I didnt mean anything !

Huh???

You asked me what this means: 'Deltastock AD is the counterparty on all Level2 trades' and I told you i.e. 'that means that you are trading with / against Delta's clients only'.

Dale.

Thanks , but u said be nice ! so i said i didnt mean anything

loooooooooooool

Ok, ok, I get it!!! Sorry. Lately you have to be 'on guard' on these forums.

If you don't mind me asking: exactly what is it you're looking for (in a broker I mean)? I've had a look at some of your posts (I like knowing who I'm 'dealing with') and it appears that you've been around a while and are trading successfully. What problems are you experiencing with your current broker (I can only assume you're not happy otherwise you'd not be interested in Delta).

Regards,

Dale.

I am happy w my broker , but i am intrested of the L2 at Delta , i am trying Delta demo now , L2 good for scalpers as they will put the bid and ask orders and they will earn the spread , ofcourse there is commissions and its not easy maybe the market will move in one way .I am watching Gold it has very tight spread even after comm.

OK. I understand. I can't really comment or give you any more advice because I don't 'scalp' the market (I've tried it before and it's ALWAYS cost me money so I stay away)!!!

One thing I can tell you is that unlike SOME brokers: Delta's DEMO really does work exactly the same way as the live accounts so you don't have a problem there. Seriously (and I have nothing to gain from this, at least not from you): trading at Delta has been very good to me this year and I hope that whatever you do with them works out well for you too.

Regards,

Dale.

'tar',

If your don't mind me asking how would YOU use L2 to trade?

I mean: I know WHAT L2 IS but, as I said, I never use it.

I guess what I'm asking is: when looking at the L2 trades what are YOU looking at / for?

Regards,

Dale.