DeltaStock
DeltaStock offers some of the best trading conditions available, even among other premier forex brokers. In fact, we were so impressed with DeltaStock, that it is actually difficult to find anything negative to say about them. The only borderline negatives are that the Delta Trading platform is a bit complicated and difficult to manage with all those separate windows flying around, but really, for a platforms with so much functionality, it is a very minor complaint. Any trader that considers himself/herself a professional, cannot at the same time say that they are put off by slightly steeper learning curve in exchange for a wealth of functionality. Despite this however, MT4 is on offer if you prefer simplicity (or auto trading). The other minor complaint is that the withdrawal rules are somewhat complicated, with certain security policies that can be confusing. This can also be construed as a positive though, since a high level of security benefits clients in the long run.
Now for the good parts:
- Level 2 view that lists all orders from multiple liquidity providers, including FXCM, Dukascopy, Citi Bank and Interactive Brokers.
- Complex order types, including "One cancels other" and "Portfolio/Basket orders" (this is a very slick feature).
- DeltaStock offers the smartest hedging mechanism we have seen, whereby used margin and overnight interest are calculated only on the NET POSITION. This actually makes the hedging feature marginally useful (known as "logical orders" in Delta-speak) because different strategies can be traded in one account, without having to worry about making the position sizing calculations outside the platform.
- Transaction costs are super low - on par with or better than anything out there.
- Customer service is very knowledgeable and very professional. We have pressed them with both difficult and stupid questions in order to test their knowledge and patience, with excellent results.
- Huge number of currencies and CFDs to trade, including CFDs on shares from Australia, Austria, Belgium, Canada, France, Germany, Hong Kong, Italy, Japan, Netherlands, Romania, Spain, Sweden, Switzerland, UK, and US.
- You can open a trade with a fixed spread and close with a variable spread (or vice versa), whichever is better for you, all from one account and one platform.
All in all, our experience with DeltaStock has been superb. Aside from the slightly steeper learning curve due to the feature rich platform, we are extremely satisfied with the professional service offered by this company. We strongly recommend giving DeltaStock a try before making any final decisions on who your forex broker of choice will be.
NOTE: Unfortunately, due to US policies, DeltaStock is unable to accept US traders.
* The high degree of leverage available in foreign exchange trading can work against you as well as for you. Investors should ensure they are fully aware of the benefits and risks before putting any money on the line.
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