DeltaMarket Forex Broker

DeltaMarket Forex Broker - Complete Information Guide

1. Broker Overview

　　DeltaMarket, established in 2019, is an online brokerage firm headquartered in the Marshall Islands. It operates under the ownership of Bi Global World Ltd., a private entity that provides various trading services to clients globally. The broker caters to a diverse clientele, including both novice and experienced traders, focusing primarily on retail forex trading and Contracts for Difference (CFDs).

　　Since its inception, DeltaMarket has aimed to offer an accessible trading platform that supports a wide array of financial instruments, including forex pairs, stocks, commodities, and indices. The company has positioned itself in the competitive landscape of online trading by providing attractive trading conditions, such as zero transaction fees and a user-friendly interface.

　　The broker's business model emphasizes retail forex trading, allowing individual traders to engage in the financial markets without the need for substantial capital. DeltaMarket has made notable strides in its development, including the introduction of multiple account types to accommodate various trading strategies and risk appetites. The firms commitment to customer support and ease of access to trading tools has been pivotal in attracting a growing user base.

2. Regulatory and Compliance Information

　　DeltaMarket operates without regulation from any prominent financial authority, which raises significant concerns regarding its legitimacy. It is registered in the Marshall Islands, a jurisdiction known for its lenient regulatory framework. As a result, DeltaMarket does not hold any valid regulatory licenses, and it has been flagged by multiple regulatory bodies, including the UK's Financial Conduct Authority (FCA), which issued warnings against trading with the broker.

　　The lack of regulatory oversight means that DeltaMarket does not participate in any investor compensation schemes, which typically protect clients in the event of broker insolvency. Furthermore, the broker's policies on client fund segregation are unclear, leaving traders vulnerable to potential mismanagement of their funds.

　　DeltaMarket claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations; however, the effectiveness of these measures cannot be verified due to the absence of regulatory scrutiny. Traders are advised to exercise caution and conduct thorough due diligence before engaging with DeltaMarket.

3. Trading Products and Services

　　DeltaMarket offers a variety of trading products, focusing primarily on forex and CFDs. The broker provides access to over 50 currency pairs, including major, minor, and exotic pairs. In addition to forex trading, clients can trade CFDs on a wide range of assets, including:

• Indices: Major global indices, providing exposure to the performance of stock markets.
• Commodities: Precious metals like gold and silver, as well as energy products such as crude oil and natural gas.
• Stocks: CFDs on over 300 stocks, including prominent companies like Apple, Amazon, and Google.

　　However, DeltaMarket does not offer cryptocurrencies, which is a limitation for traders looking to diversify their portfolios with digital assets. The broker updates its product offerings regularly, although specifics on the frequency of these updates or the introduction of new instruments are not extensively detailed.

　　DeltaMarket primarily serves retail clients but also aims to provide institutional services, albeit with limited offerings compared to larger brokers. The absence of white-label solutions or comprehensive asset management services is notable, reflecting the broker's focus on retail trading.

4. Trading Platform and Technology

　　DeltaMarket utilizes the MetaTrader 4 (MT4) platform, a widely recognized trading software known for its robust features and user-friendly interface. The platform supports various trading styles, including scalping and automated trading through Expert Advisors (EAs). However, DeltaMarket does not currently offer the newer MetaTrader 5 (MT5) platform, which limits access to some advanced trading tools and features.

　　The broker provides a web-based trading platform, allowing users to trade directly from their browsers without the need for software installation. Additionally, DeltaMarket offers a mobile trading app compatible with both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

　　DeltaMarket operates on a Straight Through Processing (STP) model, ensuring fast execution of trades without requotes. The brokers technical infrastructure is designed to support high-frequency trading, although specifics regarding server locations and latency are not disclosed.

　　For traders interested in automated trading, DeltaMarket supports API access, allowing for integration with third-party trading tools and platforms, enhancing the overall trading experience.

5. Account Types and Trading Conditions

　　DeltaMarket offers four distinct account types, each with varying features and trading conditions:

• Bronze Account: Requires a minimum deposit of $250, with spreads starting at 2.8 pips. This account is suitable for beginners but does not support Expert Advisors.
• Silver Account: Requires a deposit of $2,000, offering tighter spreads from 2.5 pips and access to EAs.
• Gold Account: Aimed at more experienced traders, this account requires a minimum deposit of $10,000, with spreads starting at 1.5 pips.
• Platinum Account: The highest tier, demanding a minimum deposit of $50,000, with spreads as low as 0.1 pips.

　　All account types provide leverage of up to 1:300, which can enhance potential returns but also increases risk exposure. DeltaMarket allows a minimum trade size of 0.01 lots, accommodating both small and large transactions. The broker does not charge commissions on trades, which is advantageous for traders looking to minimize costs.

　　Traders should be aware of overnight fees, which may apply depending on the positions held. The broker's policies regarding these fees are not explicitly detailed, necessitating direct inquiries for clarification.

6. Fund Management

　　DeltaMarket supports several deposit methods, including:

• Bank Transfers
• Credit/Debit Cards (Visa, Mastercard)

　　The minimum deposit requirement for the Bronze account is $250, while higher-tier accounts necessitate larger initial investments. Deposits are typically processed quickly, allowing traders to begin trading shortly after funding their accounts.

　　Withdrawal methods are limited to the same options as deposits. However, traders should expect withdrawal processing times of 5 to 8 business days, which may vary based on the method used. DeltaMarket does not impose fees for withdrawals, though it is essential to confirm any potential charges from the financial institutions involved.

　　The broker's transparency regarding withdrawal limits and fees is somewhat lacking, which could lead to unexpected delays or complications during the withdrawal process.

7. Customer Support and Educational Resources

　　DeltaMarket provides customer support through various channels, including:

• Phone Support: Available at +441507243012.
• Email Support: Reachable via support@delta-market.net.
• Online Contact Form: Available on the broker's website.

　　Customer service operates during business hours, but specific timeframes are not clearly stated, which may lead to uncertainties for traders needing immediate assistance. The broker offers support in English and Russian, catering to a diverse clientele.

　　Regarding educational resources, DeltaMarket's offerings are limited. The broker provides a basic FAQ section and a glossary of trading terms, but lacks comprehensive tutorials, webinars, or advanced educational materials that can significantly benefit novice traders. The absence of in-depth market analysis or research reports further limits the educational support available to clients.

8. Regional Coverage and Restrictions

　　DeltaMarket primarily serves clients from various regions, although specific country restrictions apply. Notably, the broker does not accept clients from the United States, France, and Belgium, which limits its market reach.

　　The operational framework and services are designed to accommodate a global audience, but traders in regions with stringent regulatory environments should exercise caution due to the broker's unregulated status.

　　In summary, while DeltaMarket presents itself as a competitive option for forex and CFD trading, potential clients should weigh the benefits against the risks associated with engaging with an unregulated broker.