DeltaFX Review 2024
General Overview
DeltaFX is a forex and CFD broker that has been operational since 2009, registered in Saint Vincent and the Grenadines. It offers access to a variety of trading instruments, including forex, indices, metals, energies, cryptocurrencies, and stocks, catering to traders worldwide. However, DeltaFX is an unregulated broker, which raises concerns regarding its safety, particularly for those seeking protection under top-tier financial regulators.
While the platform provides several features attractive to traders, such as high leverage, a broad range of trading instruments, and user-friendly platforms like MetaTrader 4, it is essential to weigh these advantages against the risks associated with working with an offshore, unregulated broker. We’ll dive deeper into DelaFX traits in the sections below.
Trust & Safety
When choosing a broker, trust and safety are paramount. Understanding the regulatory status and safety measures of DeltaFX can help you make an informed decision.
Is DeltaFX Regulated?
No, DeltaFX is not regulated by any recognized financial authority. Although it is a legally registered entity in Saint Vincent and the Grenadines, this jurisdiction is known for its lax regulatory environment. Brokers registered here are not required to adhere to strict regulatory frameworks like those imposed by well-known authorities such as the Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySEC). This lack of regulation can pose risks for traders, as they may not have access to legal recourse in case of disputes or malpractice.
DeltaFX operates as a classic offshore forex broker that offers high leverage without being regulated by any government entities. The absence of stringent regulatory oversight often raises red flags, especially for traders seeking extra layers of protection for their investments.
Is DeltaqFX Safe?
Despite its attractive offerings, DeltaFX cannot be considered entirely safe due to its unregulated status. Trading with an unregulated broker means there are no guarantees of the safety of your funds, and there is no oversight to ensure the broker operates in the best interest of its clients. over 70% of projects halted by regulators were disguised as brokers, which emphasizes the importance of thorough research before engaging with any broker.
That said, DeltaFX does take steps to secure its platform. It offers negative balance protection and segregated client accounts, which are key features for mitigating risk. However, without the backing of a regulatory body, these measures might not provide sufficient security in the event of any major financial disputes.
Fees
Understanding the fee structure of DeltaFX is essential for traders aiming to maximize their returns. Below, we break down the trading and non-trading fees associated with the platform.
DeltaFX Trading Fees
DeltaFX offers competitive trading fees that vary depending on the account type and the instruments being traded. The broker provides four different account options, each with its own fee structure:
- Nano Account: No commission fees and fixed spreads starting from 1 pip.
- Standard Account: No commission fees, variable spreads from 0.8 pips.
- FixSpread Account: Features a minimum deposit of $5 with a leverage of up to 1:400.
- VIP Account: Comes with a minimum deposit of $20,000, offering the most competitive spreads but limited to forex and gold.
Traders should note that DeltaFX does not charge commission fees on most account types, which can be a significant cost-saving factor for high-volume traders.
DeltaFX Spreads
Spreads at DeltaFX vary depending on the account type and the instrument traded. Below is a breakdown of the spreads:
- Nano Account: Fixed spreads start at 1 pip.
- Standard Account: Variable spreads start at 0.8 pips.
- VIP Account: Tighter spreads but requires a much larger initial deposit of $20,000
For cryptocurrencies, spreads tend to be higher due to the volatility of the asset class. DeltaFX offers a 1:20 leverage on cryptocurrencies, but traders must consider the higher spread when calculating their potential profits.
DeltaFX Non-Trading Fees
In addition to trading fees, DeltaFX imposes several non-trading fees, which traders should be aware of:
- Deposit and withdrawal fees: DeltaFX accepts various funding methods, including cryptocurrency and local payment gateways like WebMoney. Fees for deposits and withdrawals may vary depending on the payment method chosen.
- Inactivity fee: If an account remains inactive for a certain period, DeltaFX charges an inactivity fee. However, specific details on the fee amount or the period of inactivity are not clearly outlined by the broker.
- Swap fees: While DeltaFX offers swap-free accounts for Islamic traders, other account types will incur swap fees on overnight positions, depending on the leverage and instrument.
To minimize costs, it’s recommended to review all non-trading fees carefully before selecting an account type. The Nano and Standard accounts generally offer the best balance of trading and non-trading fees for beginner to intermediate traders.
In conclusion, DeltaFX offers a competitive fee structure, especially for traders who can meet the high minimum deposit requirements of the VIP account. However, traders must be cautious of non-trading fees like inactivity charges and swap rates.
Trading Platforms
DeltaFX offers a variety of trading platforms designed to meet the diverse needs of its traders. Whether you prefer desktop, mobile, or web-based trading, DeltaFX has options for you. Below is a breakdown of the available platforms.
DeltaFX MetaTrader 4
DeltaFX supports the MetaTrader 4 (MT4) platform, which is one of the most widely used trading platforms in the industry. MT4 is known for its user-friendly interface, extensive charting tools, and expert advisors (EAs) for automated trading. Traders using DeltaFX’s MT4 can enjoy:
- Advanced technical analysis tools: A wide array of indicators and chart types to help traders analyze price movements.
- Automated trading: The ability to create and use EAs to automate trading strategies.
- Multiple order types: MT4 supports market, limit, stop, and trailing stop orders.
The MT4 desktop version is available for Windows, while a web-based version allows you to trade without the need for installation.
DeltaFX MetaTrader 5
Although MetaTrader 5 (MT5) is a more advanced platform, DeltaFX currently only supports MetaTrader 4. However, they have mentioned plans to include MT5 in the future. MT5 offers additional features like:
- More timeframes: MT5 provides more charting timeframes than MT4, giving traders more flexibility.
- Additional order types: MT5 includes more options for pending orders.
- Improved backtesting for EAs: Faster and more efficient backtesting for automated trading strategies.
Traders looking for MetaTrader 5 support will need to wait until DeltaFX introduces it.
DeltaFX Mobile Platform
DeltaFX also offers a web-based platform for traders who prefer not to download software. The web version of MetaTrader 4 allows traders to access their accounts from any browser and operating system. Features include:
- No installation required: Trade directly from your browser.
- Full functionality: Access all the essential trading features, including charts, indicators, and trading signals.
- Secure and fast access: The web platform is designed for speed and security, ensuring smooth trading even without a desktop application.
DeltaFX Mobile Platform
For traders on the go, DeltaFX provides a mobile version of MetaTrader 4. This mobile platform is available for both iOS and Android, and includes the following features:
- Real-time market access: Trade directly from your mobile device with up-to-date pricing information.
- Charting tools and indicators: Although limited compared to the desktop version, mobile MT4 offers essential tools for analyzing the markets.
- Trade execution: Place and modify orders from your smartphone or tablet.
Mobile trading is ideal for those who need flexibility and access to the markets while away from their desktop.
Tradable Instruments
DeltaFX offers a wide variety of tradable instruments across multiple markets, providing opportunities for traders to diversify their portfolios. Below is a breakdown of the markets and instruments available on the platform.
Forex
DeltaFX offers more than 45 currency pairs for trading, including both major and minor pairs. The forex offerings come with competitive spreads and high leverage of up to 1:1000 for certain account types. Traders can access pairs such as:
- Major pairs like EUR/USD, GBP/USD, and USD/JPY
- Minor pairs like EUR/GBP, AUD/NZD, and GBP/JPY
This variety makes DeltaFX an attractive option for forex traders seeking high leverage and diverse currency markets.
Crypto
DeltaFX provides access to 7 cryptocurrency pairs, including major digital currencies like Bitcoin, Ethereum, and Ripple. Cryptocurrency trading is available with a leverage of up to 1:20, which is lower than forex due to the volatility of the crypto market. Traders have access to:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Other cryptocurrencies such as Litecoin and Bitcoin Cash
Indices
For those looking to trade global stock indices, DeltaFX offers 25 index CFDs. This includes some of the world’s most popular and reliable indices such as:
- S&P 500
- NASDAQ 100
- DAX 30
- FTSE 100
These indices provide an excellent option for traders interested in stock market performance without trading individual stocks.
Metals
DeltaFX offers a range of metal CFDs, which include precious metals like Gold and Silver as well as base metals like Copper. With over 12 metal CFDs, traders can diversify their investments into tangible commodities that typically hold value during market volatility.
- Gold (XAU/USD)
- Silver (XAG/USD)
- Copper
Energies
Traders looking to capitalize on energy markets can access 3 energy CFDs, which include both crude oil and natural gas:
- WTI Crude Oil
- Brent Crude Oil
- Natural Gas
Energy CFDs are ideal for traders who want to speculate on the price movements of key global commodities.
Stocks
DeltaFX provides access to more than 150 stock CFDs from major companies around the world. Traders can choose from shares of US, UK, German, and French companies, including:
- Apple
- Amazon
These stock CFDs allow traders to invest in some of the largest and most well-known companies without directly owning the underlying shares.
DeltaFX provides a broad selection of tradable assets, allowing traders to explore various markets. Here is a summary table of tradable instruments:
| Instrument Type | Number of Instruments | Example Pairs/Instruments | Leverage |
| Forex | 45+ | EUR/USD, GBP/USD, USD/JPY | Up to 1:1000 |
| Crypto | 7 | Bitcoin, Ethereum, Ripple | Up to 1:20 |
| Indices | 25 | S&P 500, NASDAQ 100, DAX 30 | High leverage |
| Metals | 12 | Gold, Silver, Copper | Competitive spreads |
| Energies | 3 | WTI, Brent, Natural Gas | High leverage |
| Stocks | 150+ | Apple, Amazon, Facebook | CFDs |
Account Types
DeltaFX offers a variety of account types designed to cater to different trading styles and experience levels. Below is a detailed breakdown of the four main account types available.
Standard Account
The Standard Account is DeltaFX’s most popular option, designed for intermediate traders who want a balance between flexibility and cost. Key features include:
- Minimum deposit: $5, making it accessible to most traders.
- Spreads: Variable, starting from 0.8 pips.
- Leverage: Up to 1:400, which allows for high-risk trading opportunities.
- No commission: This account type has no commission fees, which is advantageous for those looking to minimize costs.
The Standard Account offers access to the full range of tradable instruments, including forex, commodities, indices, and cryptocurrencies.
Nano Account
The Nano Account is aimed at beginner traders or those who prefer to trade with very small amounts of capital. Key features include:
- Minimum deposit: $1, making it ideal for new traders.
- Spreads: Fixed, starting from 1 pip.
- Leverage: Up to 1:1000, offering traders high potential leverage on their trades.
- No commission: Similar to the Standard Account, there are no commission fees associated with this account.
The Nano Account is best suited for those looking to practice or refine their trading strategies without risking significant capital.
ECN Account
The ECN Account is designed for advanced traders who require direct market access with minimal spreads. Key features include:
- Minimum deposit: Typically higher than other account types, starting at $100.
- Spreads: Extremely tight, often starting from 0.0 pips, but with commissions charged on trades.
- Leverage: Up to 1:400.
- Market execution: This account type provides direct access to the market with faster execution speeds, making it ideal for scalpers and high-frequency traders.
Traders using the ECN account can benefit from the best possible prices and reduced slippage.
Fixed Spread Account
The Fixed Spread Account is tailored for traders who prefer consistent pricing and want to avoid fluctuations in spreads during volatile market conditions. Key features include:
- Minimum deposit: $5, similar to the Standard Account.
- Spreads: Fixed, starting from 1 pip, regardless of market conditions.
- Leverage: Up to 1:400.
- No commission: This account also operates with no commission fees.
The Fixed Spread Account is particularly beneficial for traders who want to know the exact cost of trading in advance, without worrying about widening spreads during news events or high volatility.
DeltaFX offers flexible account types to suit various trading strategies. Check out the summary of DeltaFX Account Types from the table below:
| Account Type | Minimum Deposit | Spreads (pips) | Leverage | Commission | Suitable For |
| Standard | $5 | From 0.8 | Up to 1:400 | No | Intermediate traders |
| Nano | $1 | Fixed from 1 | Up to 1:1000 | No | Beginners, low-risk traders |
| ECN | $100 | From 0.0 | Up to 1:400 | Yes | Advanced traders, scalpers |
| Fixed Spread | $5 | Fixed from 1 | Up to 1:400 | No | Traders in volatile markets |
DeltaFX Leverage
Leverage is a crucial aspect of trading, as it allows traders to control larger positions with a relatively small initial investment. DeltaFX offers flexible and competitive leverage options depending on the account type and the instruments being traded. Below is an overview of the leverage offerings at DeltaFX.
- Forex Leverage: Traders can access leverage of up to 1:1000 on forex pairs, particularly with the Nano Account, making it ideal for those who want to maximize their position sizes with minimal capital.
- Crypto Leverage: For cryptocurrency trading, DeltaFX offers leverage of up to 1:20. Given the volatility of crypto markets, this lower leverage is designed to help manage risk.
- Leverage for Indices, Metals, and Energies: DeltaFX allows leverage of up to 1:400 for trading major indices, metals, and energies, providing substantial flexibility for traders interested in these markets.
DeltaFX’s leverage options offer significant opportunities for traders seeking to amplify their trades. However, traders should exercise caution, as high leverage also increases risk exposure. For a leverage breakdown by DeltaFX account type, check out the table below:
| Account Type | Maximum Leverage | Instruments |
| Standard | Up to 1:400 | Forex, Indices, Metals, Energies |
| Nano | Up to 1:1000 | Forex |
| ECN | Up to 1:400 | Forex, Metals, Energies |
| Fixed Spread | Up to 1:400 | Forex, Indices |
Customer Support
DeltaFX offers a comprehensive set of educational resources aimed at enhancing the skills and knowledge of both beginner and advanced traders. These educational tools are designed to help traders make informed decisions and improve their trading strategies.
- Forex School: DeltaFX provides a detailed Forex School that covers the basics of forex trading, including market structure, currency pairs, technical and fundamental analysis, risk management, and trading psychology. This makes it ideal for beginner traders looking to build a solid foundation in forex.
- Webinars: The broker regularly hosts webinars conducted by experienced professionals, covering topics like market trends, trading strategies, and market analysis. These webinars are perfect for intermediate and advanced traders who want to stay updated with the latest trends.
- E-books: For traders who prefer self-paced learning, DeltaFX offers a variety of e-books that cover essential trading topics, from market history to trading strategies. These e-books are available for download, providing traders with valuable information that can be accessed at any time.
- Videos and Tutorials: DeltaFX also includes educational videos and tutorials, which provide visual explanations of market trends, trading strategies, and platform usage. These videos cater to all experience levels and offer concise, easy-to-understand insights into forex trading.
- Seminars: For traders who prefer in-person learning, DeltaFX organizes seminars in different locations worldwide. These events allow traders to interact with professionals and other traders while covering a range of topics from market updates to trading techniques.
Here is a summary of the educational resources offered by DeltaFX:
| Education Resource | Target Audience | Key Features |
| Forex School | Beginners | Comprehensive courses on forex trading basics |
| Webinars | Intermediate/Advanced | Live sessions covering advanced market strategies |
| E-books | All traders | Downloadable materials on trading strategies and history |
| Videos/Tutorials | All traders | Visual guides on trading and market analysis |
| Seminars | All traders | Offline events for networking and learning |
Allowed Countries
DeltaFX is a global broker that provides access to its services for traders from a wide range of countries. However, like many brokers, there are certain geographical restrictions where DeltaFX’s services are not available. Below is an overview of the allowed countries and restricted regions based on the broker’s operations.
Countries Where DeltaFX Accepts Clients
DeltaFX generally allows clients from most regions across the world, including:
- Middle Eastern Countries: DeltaFX caters particularly to traders from the Middle East, with services tailored for Iranian clients through local payment methods like Top Change.
- Europe: Many European countries are permitted, although clients should always check for specific restrictions.
- Asia: DeltaFX accepts traders from several Asian countries, including major markets like India, Pakistan, and Indonesia.
- Africa: DeltaFX services are available to traders in many African countries, such as Nigeria and South Africa.
- Latin America: Several Latin American countries, including Brazil and Argentina, have access to DeltaFX.
Restricted Countries
DeltaFX is restricted in certain regions, particularly due to regulatory issues or sanctions:
- United States: DeltaFX does not typically accept clients from the United States, which is a common limitation among offshore brokers.
- European Union: While some EU countries are accepted, stricter regulations in certain jurisdictions may limit DeltaFX’s availability.
- Other Restricted Areas: The broker may also restrict services in countries subject to international sanctions or stricter financial regulations.
You can see the summary of allowed and restricted countries at DeltaFX, at the table below:
| Region | Allowed Countries | Restricted Countries |
| Middle East | Iran, UAE, Saudi Arabia | N/A |
| Europe | Germany, Spain, Italy | Some EU countries, including Belgium |
| Asia | India, Pakistan, Indonesia | N/A |
| Africa | Nigeria, South Africa | N/A |
| Latin America | Brazil, Argentina | N/A |
| North America | N/A | United States |
Education
DeltaFX offers customer support through multiple channels, ensuring that traders can access help when needed. The broker provides 24/7 support via live chat, email, and phone, which is especially beneficial for traders across different time zones. For real-time assistance, the live chat option is highly recommended, while email is suited for more complex inquiries.
Support is also available in multiple languages, including Farsi, making it accessible for traders from regions such as the Middle East, where DeltaFX has a strong presence. Although some traders have reported quick and efficient responses, others have experienced delays, which highlights a mix of reviews regarding the efficiency of customer service.
Education
DeltaFX offers a variety of bonuses and promotions to enhance the trading experience of both new and existing traders. These include a welcome bonus for first-time deposits, allowing traders to receive extra funds to start trading. Additionally, deposit bonuses are periodically available, offering traders extra capital based on the amount they deposit. The platform also features a referral program, where traders can earn rewards by introducing new users to DeltaFX, and trading contests, which offer opportunities for traders to compete for cash prizes or bonuses based on their trading performance. These promotions are designed to encourage higher engagement and boost trading activity, though they often come with specific terms and conditions, such as withdrawal restrictions and trading volume requirements.
DeltaFX Welcome Bonus
DeltaFX frequently offers a welcome bonus to new traders upon their first deposit. This bonus provides traders with additional capital to start trading, often a percentage of their initial deposit. The size of the bonus varies depending on the deposit amount, making it a great incentive for beginners looking to enhance their trading experience.
DeltaFX Deposit Bonus
DeltaFX runs periodic deposit bonuses, where traders receive extra trading funds as a percentage of their deposit. These bonuses incentivize larger deposits, giving traders the advantage of increased capital to maximize their trading opportunities. Specific details about ongoing promotions can be found on the platform’s website or through support.
DeltaFX Referral Program
The referral program at DeltaFX allows traders to earn rewards by referring new users to the platform. Bonuses are typically credited once the referred user makes a deposit and begins trading. This promotion is designed to help both the referrer and the new trader benefit from the platform’s offerings.
DeltaFX Trading Contests
DeltaFX also hosts trading contests from time to time, where participants can compete for cash prizes or trading bonuses based on their trading performance. These competitions encourage traders to increase their trading volumes and enhance their engagement with the platform.
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