DeltaStock Inc. - Views and Comments

Hi rahaafx,

I would like to inform you that Deltastock does not operate as an electronic communication network (ECN). However, our proprietary trading platform provides a similar service through the Level 2 Forex and Precious Metal Quotes module. When a trader places an order (buy or sell), our system matches it with the contra-side orders, already placed by other market participants. Please note, that Deltastock is always the counterparty to the executed trades.

Level 2 benefits:

- The Level 2 Quotes module integrates trading on margin with 44 Currency Pairs, spot Gold and Silver at both fixed and variable dealing spreads in one platform - at traders’ discretion.

- Orders can be placed within the BID and ASK quotes with no price limitations. Depending on the market's liquidity at any given moment, dealing spreads can narrow down to 0.1 pips (0.00001 or 0.001 for JPY crosses) for the Forex Majors;

- There are NO RE-QUOTES, NO DEALING DESK and NO SLIPPAGE when trading via the Level 2 quotes module!

- The Level 2 FX and Precious Metal Quotes module provides a clear snapshot of the demand and supply of the traded instrument on the market, based on orders and trades executed through this module. Traders can view and analyze market depth, as well as the dominance of Buyers and Sellers.

- Traders can switch between trading at fixed and variable spreads at any time, should they detect a better BID/ASK price.

If you have any further questions, please do not hesitate to ask!

Regards,
Karolina

Hi Deltastock welcome and thanks for your paticipation , can i ask you what this mean : (( that Deltastock is always the counterparty to the executed trades. )) ?

Hi tar,

In reply to your question I would like to inform you that DeltaStock is not an exchange, where clients’ orders are directly matched! According tothe regulations by the Bulgarian National Bank (BNB) and the Financial Supervision Commission (FSC), DeltaStock has always been a counterparty to client’s trades and under these same regulations we are required to clearly indicate that before the clients, so there could be no misleading or misconception!

As I mentioned in my previous post our proprietary trading platform provides a similar to the ECN service through the Level 2 Forex and Precious Metal Quotes module. Client’s orders in the Level II module are matched with the entered by them limit prices. However, please note that following the respective regulations DeltaStock must be always between the buyer and the seller. The company is compensated by the commissions it charges for trade execution via Level 2.

Regards,
Karolina

Thanks for the information , but i am still confused , whats the diffrence with the exchange ? You mean if i profit money from the L2 it will be from Deltastock and if i loose money it will be for Deltastock ? I am sorry i didnt realise the diffrence with the exchange ? I hope you can explain more because i am very intrested with your Level 2 ....

Hi Tar,


The Foreign Exchange (Forex) market is an Over-The-Counter (OTC) market where traders buy and sell foreign currencies. It doesn't have a fixed location of the trading floor as, for example, the stock or currency futures markets do. Trading is done over the Internet, by telephone and via computer terminals in thousands of banks around the world simultaneously.

The information given by Level 2, regardless of the broker that provides it, does not represent a reliable picture of the general market, because it shows only the bid and ask volumes for the specific liquidity providers or their clients who trade through this module. Level 2 reflects only the orders, placed by clients who trade via the module. Moreover, it shows the liquidity provided by Deltastock.

Deltastock acts as a market maker and is always a counter party for every order. The purpose of Level 2 is to secure lower transaction costs for traders through tight spreads, even including commissions.

Regards,

Karolina

I know this already , thanks anyway ....

Hi Tar,

If your question has been focused on some other issue, please fill free to give me more details. I will be pleased to provide you with further clarification.

Regards,
Karolina

About your account openning process, I think you should allow peoples to send their scanned documents by email for fax, instead of sending a mail to your country.

Dear hazenvnn,

We agree with your opinion. However, I would like to inform you that according to the Bulgarian legislation we have to receive paper copies of the documents. That is the reason for this requirement of ours and unfortunately we do not have other options rather than acting in accordance with our legislation.

Kind regards,
Karolina

Thanks Karolina ,

I understand now , if i use your L2 i will be trading against other players and if i make money it will not effect Delta stock it will be from other traders pocket ...

do you love of hate winning traders as they scoop money out of your firm?

please answer in detail and sincerely...

Every funding was charged VAT.

Dont know if that is changed now.

Delta Stock has slippage almost every time you click to place a trade. Their Level 2 is a joke. I closed my account.

Dear BurgerKing,

Thank you for sharing your concerns with us. I would like to inform you that Deltastock has never charged VAT. There are no regulatory requirements for applying VAT. When a client funds his account with Deltastock all the costs, which the funding imposes, are applied by the respective banks and this has been always clearly stated on our website, as well as in the e-mails sent to our clients.

Best regards,
Karolina

Dear PipStar,

Deltastock has never argued that there is a slippage. Regarding Level 2 there could be no slippage. Unlike most of the other renowned brokerage houses Deltastock's fixed dealing spreads have been absolutely guaranteed all the way of the financial turmoil we have been witnessing in the last several months. We appreciate your feedback and are always happy to address any concerns you may have, regarding our services. Let me use the opportunity and wish you a happy and very successful New Year.

Kind regards,
Karolina

Any further postive or negative comments from live traders with DeltaStock?

Hi everyone,

I am currently researching Deltastock, and I have a several questions regarding their services:

- Is it possible to open hedging positions, the same way it is possible to open them in MT4?
-Do they charge separate fees for every hedging position and do they block a part of the margin for each of them?
-Can I place orders of the type IF DONE?
-I also saw that they offer the possibility to trade trough MT4, but I did not understand from where I can download it?

If you also have positive/negative experience with them please share…

Dear Karol,

Thank you for expressing interest in our services.
1. You can place hedging orders the same way as in MetaTrader. In our trading platform – Delta Trading - they are called Logical Orders. You can activate the option of trading with Logical Orders in DeltaTrading.
The Logical Orders option enables you to track both your net position and its average price, as shown in the example below:

http://www.deltastock.com/v2/comment...FACTORY/f6.jpg

2. Please note that we do not charge swap points for each hedging position when held overnight. Only the net position is charged swap points. Furthermore we do not block margin for each hedging position, but only for the net position. You can see this on the image above.

Additionally it is possible to net or merge existing logical positions, without making new trades. This way, you will not lose the spread as is the case with MetaTrader.
Below we explained how to do this:

http://www.deltastock.com/v2/comment...FACTORY/f7.jpg

http://www.deltastock.com/v2/comment...FACTORY/f8.jpg

http://www.deltastock.com/v2/comment...FACTORY/f1.jpg

3. There is an option to place IF Done type of orders. In DeltaTrading they are called Conditional orders.Conditional orders are Limit, Stop or OCO orders bound to any confirmed Limit, Stop or OCO order. Conditional orders remain ‘pending’ until the confirmed order to which they have been bound is executed.

Here is an example:
Right click on the already confirmed limit order and choose Conditional Orders from the drop-down menu.


http://www.deltastock.com/v2/comment...FACTORY/f2.jpg

http://www.deltastock.com/v2/comment...FACTORY/f4.jpg

From the drop-down menu select the instrument for which you wish to place a Conditional order. It is not necessary the instrument to be the same as the one in the base order (the one to which the Conditional Order will be bound)

http://www.deltastock.com/v2/comment...FACTORY/f3.jpg

For example, you can choose GBP/USD, enter the Limit/Stop price at which you wish your conditional order to be confirmed and click on Save. Then click on Save one more time in the ‘Conditional orders’ window.

http://www.deltastock.com/v2/comment...FACTORY/f5.jpg

4. We do not offer the MetaTrader platform itself but we have developed an interface (called Meta-Delta or Meta Trader 4 Bridge) to connect DeltaTrading and MetaTrader. This means that you can use MetaTrader and execute your orders in DeltaTrading. To do this it is necessary to install MetaTrader demo or real version from a different broker. Then you will be able to place orders through Meta Trader and have them executed in Delta Tradingby using the Meta Trader 4 Bridge application.
All of the above information you can also find in the Delta Trading Platform’s Manual. If you have further questions, please do not hesitate to post them in this forum or contact us directly.

Best regards,
Deltastock

Hello!

Thank You for your detailed answer! I don’t usually use MetaTrader for trading but I am asking these questions because I am interested in the experts which are available in that platform.
What You have done is great, but there is something else I would like to ask. When I place a regular market order, it closes my logical positions! Why is that happening?
I would also like to know if it is possible to close only part of my logical position as I am doing this in the MetaTrader platform? When I try to do this in Delta Trading a menu with the options ‘close through new order’ and ‘close through Click and deal’ appears and I am closing the whole position.


Thank you





There is an option to place IF Done type of orders. In DeltaTrading they are called Conditional orders.Conditional orders are Limit, Stop or OCO orders bound to any confirmed Limit, Stop or OCO order. Conditional orders remain ‘pending’ until the confirmed order to which they have been bound is executed.



Best regards,
Deltastock[/quote]