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For more information about DELTAFX Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Competitive trading fees with no commission on most account types, making it cost-effective for high-volume traders.
Offers a wide range of tradable instruments, including forex, cryptocurrencies, commodities, and indices, providing diverse trading opportunities.
Supports popular trading platforms like MetaTrader 4, known for its user-friendly interface and advanced trading tools.

Cons

Unregulated status raises concerns about the safety of funds and lack of investor protection compared to brokers under top-tier regulatory bodies.
Mixed reviews regarding customer support efficiency, with some users reporting delays in response times.
High leverage options (up to 1:1000) can increase risk exposure, which may not be suitable for all traders, especially beginners.

DELTAFX Company

DeltaFX Company Overview

Founding Date and Background

DeltaFX was established in 2009, positioning itself as a prominent player in the online forex trading market. The company aims to provide a comprehensive trading experience by leveraging advanced trading technology and offering a variety of financial instruments to its clients.

Parent Company/Ownership Structure

DeltaFX operates under the ownership of DeltaFX Ltd., which is a privately held entity. The company emphasizes transparency and security in its operations, although it is important to note that it is currently unregulated.

Headquarters Location

The headquarters of DeltaFX is located in London, England, United Kingdom. This strategic location allows the company to cater to a diverse range of clients globally.

Global Business Scope

DeltaFX serves clients from various regions around the world, providing access to multiple financial markets. Its offerings include forex, commodities, indices, and cryptocurrencies, appealing to both retail and professional traders.

Main Regulatory Bodies

While DeltaFX claims to be registered in Saint Vincent and the Grenadines, it operates without regulation from any major financial authority. This lack of regulatory oversight raises concerns regarding the safety and security of client funds.

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DeltaFX Company History and Development

Key Milestones

DeltaFX has achieved several key milestones since its inception in 2009. The company has expanded its trading platform and enhanced its service offerings, including the introduction of advanced trading tools and technologies.

Business Expansion Journey

Over the years, DeltaFX has focused on expanding its global reach by attracting clients from various regions, particularly in the Middle East and Asia. The company has also invested in technology to improve its trading infrastructure and client experience.

Customer Base Growth

DeltaFX has reported a growing customer base, with over 23,000 active users utilizing its trading services. This growth is indicative of the company's ability to attract and retain clients in a competitive market.

Platform Development History

DeltaFX initially launched its trading services with the MetaTrader 4 (MT4) platform. Subsequently, it has announced plans to support the newer MetaTrader 5 (MT5) platform, enhancing its technological capabilities and providing clients with more advanced trading tools.

Important Awards or Recognitions Received

While specific awards or recognitions were not detailed in the available data, DeltaFX promotes itself as a reputable broker with over 18 years of experience in the industry, suggesting a commitment to quality service.

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Trading Services Offered

Forex Trading Options

DeltaFX offers a wide range of forex trading options, providing access to over 45 currency pairs. This includes major, minor, and exotic pairs, catering to a diverse range of trading strategies.

Stock Trading Options

The company provides limited stock trading options, with reports indicating access to over 150 stock CFDs based on shares from various international markets, including the US, UK, Germany, and France.

CFD Trading Products

DeltaFX offers a variety of CFD trading products, including indices, commodities, and cryptocurrencies. This diverse product range allows traders to engage in various markets and capitalize on different trading opportunities.

Other Financial Instruments

In addition to forex and stock trading, DeltaFX provides access to cryptocurrencies, including Bitcoin and Ethereum, as well as commodities like gold and oil. This extensive range of financial instruments enhances the trading experience for clients.

Special Services or Unique Advantages

DeltaFX promotes several unique advantages, including:

  • High leverage options of up to 1:1000, allowing traders to amplify their potential returns.
  • A cash-back program that offers $2 cash back per lot traded.
  • 24/7 customer support to assist traders at any time.
  • A loyalty program that provides exclusive benefits for regular traders.

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Regulatory and Legal Background

Detailed Regulatory Information

DeltaFX operates without regulation from any major financial authority. While it claims registration with the Saint Vincent and the Grenadines Financial Services Authority, there is no evidence of valid regulatory oversight.

DeltaFX Ltd. is registered in the United Kingdom, with claims of additional registration in Saint Vincent and the Grenadines. However, the lack of regulatory authority oversight raises concerns about its legal compliance and operational practices.

Client Fund Protection Measures

Due to its unregulated status, DeltaFX does not provide the same level of client fund protection as regulated brokers. This lack of oversight means that clients' funds may not be safeguarded by any legal framework, leading to potential risks.

Countries/Regions Served

DeltaFX accepts clients from various countries, including regions where other brokers may impose restrictions. However, it does not serve clients from the United States and EU countries, which is a common limitation among many offshore brokers.

Compliance History

DeltaFX's compliance history is questionable given its unregulated status. The absence of oversight from reputable regulatory bodies raises concerns about the safety and security of client funds.

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Competitive Landscape

3-5 Main Competitors

DeltaFX faces competition from several notable brokers in the forex trading industry, including:

  • Alvexo: A regulated broker offering a variety of financial instruments and trading platforms.
  • EasyTrade.io: Another competitor providing forex and CFD trading services with a focus on user experience.
  • XM: A well-known broker offering a wide range of trading instruments and competitive spreads.

Positioning in the Industry

DeltaFX positions itself as a competitive player in the forex and CFD trading market, focusing on high leverage and a diverse range of trading instruments. However, its unregulated status may hinder its reputation compared to regulated competitors.

Market Differentiation Factors

DeltaFX differentiates itself through:

  • High leverage offerings, appealing to traders looking for amplified returns.
  • A cash-back program that incentivizes trading activity.
  • A strong emphasis on customer support and accessibility.

Despite these advantages, the lack of regulation remains a significant drawback that potential clients should consider when choosing a broker.

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In conclusion, while DeltaFX offers various trading services and advantages, the absence of regulation and potential risks associated with client fund safety should prompt careful consideration. Prospective traders are encouraged to conduct thorough research and assess their risk tolerance before engaging with DeltaFX or similar brokers.

For more information on DeltaFX, learn more.