DeltaFX is a legally registered forex broker located in the Saint Vincent and the Grenadines, but not regulated by any government agency.
DeltaFX accepts clients from all over the world, excluding some jurisdictions where restrictions apply.
Forex broker offers the following underlying assets for trading.
|45+ Currency Pairs||Based on major and minor world currencies.|
|7 Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Dash, EOS, Ethereum, Stellar Lumens, Ripple.|
|25 Indice CFDs||Based on baskets of different blue-chip stocks and US Dollar Index.|
|12 Metal CFDs||Based on Gold, Silver and Copper.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|150+ Stock CFDs||Based on shares of US, UK, German and French companies.|
DeltaFX is a forex & CFD broker registered in Saint Vincent and the Grenadines. The broker is a classic offshore forex broker that offers high leverage without being regulated by any government entities. The broker has been operating since 2009, and is today headquartered in London, with technical support located in Istanbul, Turkey, and a marketing office in Geneva, Switzerland.
Notable about DeltaFX is that it generally accepts clients from all countries, including the US. This is quite rare among the forex brokers we have reviewed here on FX-List, and therefore makes it an interesting option for US-based traders to look more closely at.
The instruments offered for trading by DeltaFX includes forex, metals, energy commodities, stock indices, shares and cryptocurrency CFDs. Missing from the selection, however, are things like bonds, interest rates and exchange-traded funds (ETFs), which some other brokers offer.
When it comes to trading platforms, DeltaFX for now only supports trading on the classic MetaTrader 4 (MT4) platform, with support for the newer MT5 platform said to be added “soon”. In addition to the standard downloadable version of MT4 for Windows computers, the platform also exists in a web-based version and as a mobile app for use on Apple or Android phones.
In addition to the MT4, DeltaFX also offers its clients free access to the market research and analytics tool Trading Central, as well as the popular technical analysis tool Autochartist.
Before signing up as a new DeltaFX user, all clients will need to choose between four different types of trading accounts. At the time of writing, these are:
– Nano, with a minimum deposit of USD 1 and leverage of up to 1:1,000
– Standard, with a minimum deposit of USD 5 and leverage of up to 1:400
– FixSpread, with a minimum deposit of USD 5 and leverage of up to 1:400
– VIP, with a minimum deposit of USD 20,000 and leverage of up to 1:200
Important to note about these account types is also that the selection of trading instruments varies between them, with only the Standard account offering the full selection of instruments. For both the Nano and VIP accounts, only forex and gold is offered, while the FixSpread account offers access to energy commodities in addition.
Being a broker focused largely on traders in the Middle East, all of DeltaFX’s trading accounts are so-called swap-free accounts that are compliant with the Islamic faith.
In terms of account funding options, DeltaFX is a bit different from most other brokers. Since the broker caters mainly to Iranian residents, account funding is primarily done in Iranian rial, using either local bank transfer, the Top Change payment gateway or WebMoney. In addition, the broker also accepts deposits made with various cryptocurrencies, including Bitcoin (BTC) and Tether (USDT).
DeltaFX’s technical support can be reached via a Turkish phone number, and the broker promises on its website that phone support is available 24 hours a day, 7 days per week. For marketing-related or other types of inquiries, separate phone numbers to the marketing office in Switzerland and the head office in the UK are also listed.
For less urgent inquiries, email or the live chat option on the website can also be used.
All in all, we believe DeltaFX is a broker that could be of interest especially for American traders who are looking for offshore brokers with high leverage. Having a heavy presence in the Middle East, the broker is also a good alternative for Iranians given the option to fund trading accounts directly from local banks in Iranian rial.
For others, it’s worth keeping in mind that this broker is completely unregulated, which comes with certain risks that should be considered before signing up.