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Deltastock: Fixed spread BUT slow executions and a lot of requotes

I had have real accounts with 11 brokers in 6 years and this one is the 12th. I funded small amount to test DeltaStock performances and results are:

Good things:

- They are regulated, public company;

- Good customer support (immediate answers);

- 200 and 100:1 leverage;

- Never freezing platform;

- Fixed spreads (even at news) and Level 2 option;

- Fast execution on L2;

- Funding and withdrawals by Credit/Debit cards;

Bad things:

- You can’t close positions partially on L2: With every lot (enter or close) you just change average entry. You have 2 choices: Close the whole position and open new one and you’ll loose on spread and commission again – That’s DeltaStock intention to grab more money from trader OR leave open position and risk the market will go against you, so you know the rest… to close winning trade at BE or with loss even.

- They are not ECN: DeltaStock is making money trading against you. The same as all MT4 brokers for now.

- Yes, fixed spread BUT with slow executions and a lot of requotes. Impossible to trade news.

- Yes, some kind of Level 2 but with huge slippage on every trade, entry and close! I trade EY and GY, I made 511 trades in past week, and I experienced an average slippage of 2 pips on 2 of 3 orders!!! I experienced even 61 pips slippage at non volatility time, Feb 13, at 09:09:50 GMT. On my complaint they answered it’s normal with L2 trading. In other words, their L2 option is with dealing desk still and they can close your position at any price they want. Yes, they have a ‘Limit’ option not just ‘Market’ but it’s useless: You need to fill in limit price, amount (lots) and click for execution: 10 seconds which is more than enough to miss right entry or close. If they thought to be serious with L2 they would have a preset (like few other brokers) where you can set slippage as a default for example 2 pips away from current price – so trader still can make trade with one click but with ‘Limit’ order.

- Commission on L2 for small accounts is 0.005%. You think that’s nothing? That was exactly 11% of all my profit I made and I made 90% on deposit. Think again about 0.005% or 0.003% for trades over 10k. Of course, depend how big your trades in pips are and how successful trader you are.

I will trade more with them and I’ll inform you of any improvements or …

Jasmine, ForexJustice 2009-02-14

Deltastock is a Bulgarian forex and CFD broker with excellent reputation and trading conditions. Currently, all new sign ups are eligible for a 10% trading bonus up to €1,000, 15% cashback bonus up to €10,000, and Refer a Friend program, where new and existing customers can get a bonus of up to €200 for inviting their friends to trade with Deltastock. 


If you are looking for ways to top up your trading account balance, Deltastock also encourages you to take part in its demo trading contest with a prize pool of €1,700 every month. 


Traders can choose between two trading platforms: Metatrader 4 (MT4) and the broker's own DeltaTrader, which offers good customization capabilities, possibility to chat with the broker's dealers in real time (available for live accounts only), and exclusive features like semi-automated trading through the use of conditional orders. 


The broker's trading conditions are really good: 80 currency pairs are available for trading, all trading strategies (expert advisors, hedging, scalping, etc.) are allowed,  and the spreads are fixed and variable, depending on the platform you choose. 


Beginners can take advantage of the broker's comprehensive articles section and a glossary, and for more experienced traders there are tools like an economic calendar, a volatility index, daily technical analysis and so on. 


When trading with Deltastock, you can rest assured that your investment is protected. The broker is regulated by the Financial Services Commission (FSC) in Bulgaria, and being MiFID-licensed, it is also registered with 17 more regulators: FSA (UK), AFM (The Netherlands), CONSOB (Italy), CySEC (Cyprus), Finantsinspektsioon (Estonia), VPK (Lithuania), CBFA (Belgium), FMA (Austria), FCMC (Latvia), CNB (Czech Republic), BaFin (Germany), FI (Sweden), Financial Supervisory Authority (Denmark), CECEI (France), FIN-FSA (Finland), Slovakian National Bank, KNF (Poland), and the Securities Market Agency (Slovenia).

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