DELTAFX Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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I have to say DELTAFX is one of the worst brokers I've ever used. They have high deposit requirements, high spreads, and their trading platform is extremely unstable. I've lost money due to their platform freezing up during trades. Overall, it's a terrible experience and I wouldn't recommend them to anyone.
DeltaFX has been a topic of discussion among traders, with opinions ranging from positive to highly critical. This review synthesizes various sources to provide an overview of the broker's offerings, user experiences, and expert insights. Key findings reveal that while DeltaFX offers competitive trading conditions and a variety of instruments, concerns about its regulatory status and customer support persist.
Note: It is essential to recognize that DeltaFX operates under different entities depending on the region, which may affect the service and regulatory compliance. This review aims for fairness and accuracy by aggregating diverse sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 5 |
| Customer Service & Support | 4 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 3 |
| User Experience | 5 |
We rate brokers based on a comprehensive analysis of user reviews, expert opinions, and factual data.
Founded in 2009, DeltaFX is an offshore broker primarily registered in Saint Vincent and the Grenadines, with additional claims of operations in Switzerland. The broker provides access to the widely-used MetaTrader 4 (MT4) platform and has announced plans to support MetaTrader 5 (MT5) in the future. DeltaFX offers a diverse range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies. However, the lack of robust regulatory oversight raises questions about the safety of trading with this broker.
DeltaFX is registered in Saint Vincent and the Grenadines but is not regulated by any reputable financial authority. This absence of regulation is a significant concern for many traders, as it implies limited protection for clients. According to multiple sources, including ForexPeaceArmy, the broker has been criticized for operating as an unregulated entity, which could lead to potential fraud or malpractice.
DeltaFX supports various funding methods, including bank transfers, credit/debit cards, and cryptocurrencies such as Bitcoin and Ethereum. The minimum deposit requirement is reported to be as low as $1 for the Nano account, making it accessible for beginner traders. However, some users have reported issues with withdrawal processes, citing delays and difficulties in accessing their funds source: TradingBeasts.
The broker offers various promotions, including welcome bonuses for new clients, although specific terms and conditions often apply. Users are advised to read the fine print carefully, as some bonuses come with withdrawal restrictions source: Forexing.com.
DeltaFX provides access to over 45 currency pairs, several indices, precious metals, and a selection of cryptocurrencies. This variety allows traders to diversify their portfolios, although the absence of certain asset classes, such as bonds or ETFs, may limit options for some investors source: FXList.
DeltaFX offers competitive spreads, with reports of fixed and variable spreads starting from 1 pip on the Nano account. Notably, the broker does not charge commission fees on many account types, which can be beneficial for high-volume traders. However, some sources indicate that the overall cost of trading may be higher than with regulated brokers source: ForexBrokerz.
The broker offers high leverage, reportedly up to 1:1000 for forex trading. While this presents opportunities for amplified profits, it also increases risk exposure, particularly for inexperienced traders source: TradingBeasts.
Currently, DeltaFX supports the MT4 platform, which is favored by many traders for its user-friendly interface and advanced trading tools. The introduction of MT5 is anticipated, which could enhance trading capabilities further source: FXStreet.
DeltaFX appears to accept clients from various regions, including the Middle East, Europe, and parts of Asia. However, traders from the United States and certain EU countries may face restrictions due to the broker's regulatory status source: FXPeaceArmy.
Customer support is available in multiple languages, including English and Farsi, catering to a diverse client base. However, user reviews indicate mixed experiences with response times and service quality, raising concerns about the effectiveness of their support source: Forexing.com.
| Category | Rating (out of 10) | Comments |
|---|---|---|
| Account Conditions | 6 | Low minimum deposit is attractive, but account types are limited. |
| Tools and Resources | 5 | Limited educational resources; primarily focuses on trading tools. |
| Customer Service & Support | 4 | Mixed reviews on support effectiveness and response times. |
| Trading Setup (Experience) | 6 | Competitive spreads and high leverage options available. |
| Trustworthiness | 3 | Lack of regulation raises significant concerns. |
| User Experience | 5 | User experiences vary widely; caution is advised. |
In conclusion, while DeltaFX presents an attractive trading environment with competitive features, the lack of regulation and mixed user experiences necessitate a cautious approach. Potential traders should conduct thorough research and consider alternative brokers with stronger regulatory frameworks before committing their funds.
