DeltaStock Inc. - Views and Comments

Hi,

I saw that you have a branch in Romania. I m at the beginning regarding Forex market, can you explaine me, because I don t undertund, why to trade using your ECN and not to trade FX classic?

Ps: which is the minimum trade size?

hi,
has anybody here used there ECN platform. Please share your experiences.
thnx

Greetings,

We do have an office in Bucharest. You can find the contact details on our web page, which also has a Romanian version.

Our trading platform allows clients to trade through both fixed spreads and Level 2 from one and the same account. Moreover, you can open a position through fixed spreads and close it via the Level 2 module. In other words it is up to you to choose which method suits you best. The ECN/STP system incorporated in Level 2 allows clients to see market depth and give them a better overview of the market. In addition to that, the combination of orders placed by different liquidity providers (banks, brokers, and others) together with those placed by Deltastock and its clients create a larger pool of offers suggesting better trading conditions, particularly trading at tighter spreads – sometimes as low as one tenth of a pip. In Level 2 there are no price restrictions for placing limit orders, so that clients can place limit orders inside the spread or choose to place orders against particular counterparty.

If you need more information on the ECN/STP service we provide, do not hesitate to ask here or contact us directly.


Happy Holidays!
Deltastock

bump....Anyone care to share their experience with a live account at Delta? They seem to have come a long way since I first came across them over 5 years ago...

Hello,

10q for the answer. i was to you romanian office and they were open to share me the answers for my questions and suggested me to try demo.

still i'am not very clear regarding ecn... i found a definition and something on your site ...

i saw this picture:

http://www.deltastock.com/english/platforms/level2.asp

for me seems a little bit complex ... can you explain me ?

pls start with STP more details.

best,

Yonica

I believe you refer to the ECN/STP Level 2 Trading Scheme on our web page, so I will try to explain it in more details.




First, let me start with Level 2 (L2) itself. The L2 module represents an order book similar to those on the stock exchange. In this order book there are BID and ASK offers containing volume and price provided by different parties. The market depth is visible to clients. Naturally, the orders in Level 2 were submitted either by Deltastock or its clients.


The ECN/STP system allows us to further improve the liquidity in Level 2 by including offers from external counterparties such as Interactive Brokers, Deutsche Bank, FXCM, or others. Clients can place orders against all liquidity providers or choose a specific counterparty to trade with. They can open a position with one of the liquidity providers and close it with another one as well as to trace the execution of their orders.


Because of the absence of a centralized market - a currency exchange market, where orders are placed and where the settlement of trades is made through a clearing institution, the technology STP (Straight Through Processing) is used. Simply put, this technology instantly transfers orders to the liquidity providers quoted in the ECN (L2 Module in Delta Trading), which Deltastock has an account with.


If everything still seems a little bit vague, I suggest that you check our video tutorial that explains how it works at http://forex-deltastock-bg.com/5_ecn..._ecn_en_1.html .




Best regards,
Deltastock

Hello DeltaStock, this does not appear to be true. I was told that these different counterparties like FXCM, IB, DBFX or others are only available to your bulgarian clients using your platform. It is not available to the rest of the world. If that is the case you should clarify this in order not to mislead. In any case anyone with a live deltastock account can see that although the names of these counterparties are mentioned in Level 2 when you select them no liquidity is shown. Therefore only deltastock provides the liquidity and not FXCM, IB, DBFX or others.

I am interested to hear from DeltaStock regarding this.

Hi PipStar,

The information you got is indeed correct – at this moment the ECN/STP module is available for live trading for Bulgarian customers only, while the rest can only see Deltastock's offers and those of our clients. However, you can test the module in a Delta Trading Demo account where all liquidity providers are presently available. You will be able to take advantage of this great feature of our platform when we launch the ECN/STP in our Level 2 module for live trading for foreign customers in the
middle of May.

The other good news is that we expect additional world-wide known liquidity providers to be included to the module very soon.

Best regards,
Deltastock

Thank you for that info, I will be glad to give it a try when it happens.

i just want to say that i've been with deltastock for about half a year now and their platform is the WORST i have ever used. their quotes and servers are fine, just their trading software is pure crap. even though you can integrate it with mt4, its not the same and it loses alot of functionality to the point where i just use mt4 as my charting software and their delta platform to make trades. their software is so unorganized. viewing your trade history is a pain. needless to say, im looking to move onto a broker that uses MT4 natively.

Deltastock launches the first true ECN/STP solution for retail clients. It displays the total liquidity at any given moment by showing the name, price feed and order size of each Liquidity Provider in the system. Deltastock’s Liquidity Providers are well known banks, brokers and market makers such as Deutsche Bank, FXCM, Interactive Brokers. Deltastock’s ECN/STP system provides traders with higher liquidity and tighter spreads, as low as 0.1 pips on FX majors.

With Deltastock’s ECN/STP system traders can see the live price feeds of all Liquidity Providers and choose a specific one for the execution of their trades. In addition, they have the alternative to place orders under the SMART Routing Regime which ensures dealing at the best BID/ASK price of the market depth at any moment. Traders can then track with which Liquidity Provider their orders have been executed.

A unique feature of Deltastock's ECN/STP service is that it is part of the company's online trading platform, Delta Trading, which allows both Dealing Desk and No Dealing Desk (ECN/STP) trading. In this way clients are given the exclusive opportunity through one account to open a position by placing a trade at the fixed dealing spread and later on to close it in ECN/STP (Level 2) module of Delta Trading where the spreads are variable.

For more information on Deltastock’s ECN/STP (Level 2) module visit the following website:
http://www.deltastock.com/english/platforms/level2.asp.


Best regards,
Deltastock

Hello
I have some questions
Is the Level 2 available to foreign customers?
When will can the costumers trade directly with MT4 instead of using the bridge?

How are the funds of the costumers protected?
Are the founds holded in a segregated bank account? it so in wich bank?

Regards

Dear Golum,

Yes, Level 2 ECN/STP module is available for all of our customers now. If you want to you can open an account and trade in the L2 module.

Regarding MT4 Live accounts we are planning to release MT4 as standalone platform soon, we will inform you by posting here.

If we allow the ECN trading in MT4 it will happen only via the bridge technology.

Now let us try to explain why MT4 platform cannot be really transparent ECN.
* In a real ECN environment you should be allowed to place limit orders in the spread which must be visible to all participants;
* Your limit orders should be allowed to be filled partially as it does happen on any regulated exchange.
* You should be able to see whom are you dealing with
MT4 platform does not allow any of the mentioned options.

If you want to check those statements, please open two different accounts at any ECN broker and start placing limit orders in one of them, now please check in the other account if you can see the orders from the previous one. After that, please place an order in the spread, does your order change the spread?

Deltastock London branch is Regulated by the FSA, UK, Reg. No. 481581
Deltastock Bucharest branch - Registered with National Securities Commission CNVM Romania, CNVM Register No. PJM01SFIM/400004.
Deltastock Madrid branch - Registered with CNMV Spain, CMNV Register No. 2266.
Deltastock is regulated by the Financial Supervision Commission (FSC) - a member of the CESR (The Committee of European Securities Regulators) and registered with Bulgarian National Bank (BNB) Reg. N BGR00107.
Deltastock implements all the relevant EU directives and standards in the regulation and supervision of the financial services sector.
Clients Funds Protection is guaranteed by the Investors Compensation Fund (SICF), established pursuant to the DIRECTIVE 97/9/EC of the European Parliament and the Council, adopted on March 3rd, 1997.

Deltastock does hold the cash of its clients in segregated bank accounts, as requested by regulatory bodies.
Here is a list of the major banks we work with, please visit the link given below.
http://www.deltastock.com/english/client/client.asp


Should you have any questions, please do not hesitate to contact us.


Best Regards,
Deltastock

I don't like the all detached windows all over my screen. is there anyway your have something like the FXCM's trade station?

like i said in my post a few posts up. worst trading platform ever!

Good to know that Delta Stock is an ECN broker. To be a true ECN broker the minimum deposit is much higher than most retail brokers requirement. Can I trade through ECN with just $100? Good chance for us..but is it true? Could someone please describe clearly here? and also to describe the commisions applied.

right now i saw the "50 € live acc. promotion" from deltastock. So if i'm understanding it right, every new client gets a deposit of 50 € and if he makes a turnover of 1,000,000 € in 3 months after the promotional deposit he can withdraw the 50 €, right?

So the client has not to make a deposit on this account?

What happens if the client loses the 50 € in his first trade and so he close the account after 1 week - does he have to pay back the 50 € to deltastock or can he close the account without any problems?

Dear all,


In regard to your interest in our promotion here are given the terms and conditions.

Every new client receives 50 EUR deposit to his/her account. The 50 EUR Free Live Account is a unique chance to start trading absolutely risk free and you are allowed to withdraw all the profits made without any condition.

If you lose the amount of the promotion you do not have to pay back anything.

If you want to withdraw the 50 EUR bonus per 1 EUR you have to realize 20 000 EUR turnover or 1 000 000 for the whole amount.

If a client decides to fund his/her live trading account in addition to the 50 EUR bonus given by Deltastock he/she can also take part in one of the company's other promotions which could be found here


Best Regards,
Deltastock

Hi deltastock,

I read somewhere in the other thread that your spreads are erratic during news releases. He attached a image of your spread reaching 100 pips during a certain news release. I am not sure if the source is true or not but please clarify for us. How long is the withdrawal process if we requested for it? Will you consider paypal in the future?

Hi jaychi,

Deltastock offers fixed spreads that remain fixed at all market conditions as well as variable spreads in our L2 module. Spreads in L2 may widen during news releases but it all depends on the instrument, the volatility, the specific news release. It also matters whether the client has activated the ECN/STP mudule or is he/she only seeing Deltastock's (and Deltastock clients') offers. Without having all this information we cannot give you an exact answer of is it or not possible for this situation to occur.

The withdrawal pretty much depends on the way you withdraw (bank wire, credit card etc.) but usually takes 3-5 business days for the money to reach your account.

We do not offer PayPal but we do offer bank wire transfer, debit/credit card withdrawal as well as withdrawal to a Moneybookers account. You can find more information here: http://www.deltastock.com/english/client/client.asp

Best regards,
Deltastock