Note: DeltaTrading's official site - https://dtc24.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is DeltaTrading？
DeltaTrading is an unregulated trading platform that offers a variety of financial instruments for traders to speculate on the price movements of various assets. It provides access to trading opportunities in FX and Shares CFDs. The platform also offers different account types with varying minimum deposit requirements as well as competitive spreads.
Pros & Cons
Pros:
Multiple Customer Support Channels: BT Markets provides various customer support channels including phone, email, and address, enhancing accessibility and assistance for clients.
Multiple Account Types: The platform offers diverse account types, including the Standard, the Silver, the Gold and the VIP Account, catering to various trading needs and experience levels.
Cons:
No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency.
Lack of Information: The company's website is non-functional, suggesting a lack of transparency and reliability. The lack of comprehensive information hinders informed decision-making and fuels suspicion.
Is DeltaTrading Legit or a Scam？
DeltaTrading currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.
Market Instruments
DeltaTrading provides traders with a focused selection of trading instruments, emphasizing both Forex (FX) and Shares Contracts for Difference (CFDs).
The FX offerings encompass a variety of currency pairs, allowing traders to speculate on the exchange rate movements between major and exotic currencies.
Additionally, DeltaTrading's Shares CFDs provide exposure to the price movements of individual stocks without the need to own the underlying assets. This enables traders to capitalize on the performance of leading companies across various industries without the complexities associated with traditional stock trading.
Account Types
DeltaTrading caters to traders of varying experience levels and investment sizes with its range of account types, each designed to provide distinct features and benefits.
The Standard account offers a low entry point with a minimum deposit requirement of $250, making it accessible to beginners and those looking to start with a modest investment.
Moving up, the Silver account requires a minimum deposit of $5,000 and provides enhanced features such as lower spreads, personalized support, and access to exclusive resources, making it ideal for traders seeking a more comprehensive trading experience.
For high-net-worth individuals and experienced traders, the Gold account offers premium benefits and services with a minimum deposit requirement of $50,000.
Finally, the VIP account, requiring a minimum deposit of $250,000, provides elite traders with the highest level of personalized support, priority access to trading opportunities, and exclusive perks tailored to their individual needs.
Leverage
DeltaTrading provides a range of maximum leverage options across its account types, allowing traders to tailor their trading strategies to their risk preferences and investment goals.
The Standard account offers a maximum leverage of 1:200, providing a balanced approach for traders looking to manage risk while still having access to ample trading opportunities.
As traders progress to the Silver account, they benefit from increased leverage of up to 1:400, offering enhanced flexibility to control larger positions with relatively small amounts of capital.
The Gold and VIP accounts offer even higher maximum leverage of 1:500, providing elite traders with the ability to maximize their trading profits and capitalize on market movements.
Spreads
The Standard and Silver accounts feature spreads starting from 1.5 pips, providing traders with cost-effective options for executing trades while maintaining transparency and clarity regarding trading costs.
As traders ascend to the Gold account, they benefit from tighter spreads starting from 0.8 pips, enhancing trading efficiency and minimizing costs. However, it's the VIP account that truly stands out, offering spreads from an impressive 0.0 pips, reflecting DeltaTrading's commitment to providing elite traders with the most favorable trading conditions available.
Customer Service
DeltaTrading provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.
Phone: +31 203697204, +44 7418352407
Email:support@dtc24.com
Address: Bienenstrasse 7, 8004 Zürich, Switzerland; 1000 Toa Payoh North, Singapore 318994; P. de la Castellana, 259, CTBA, Torre de Cristal, 28046 Madrid, Spain; 18 King's Inns St, Dublin D01 W588, Ireland
Conclusion
In conclusion, DeltaTrading offers FX and Shares CFDs to cater to different trading needs and allows trading with multiple account types. However, its unregulated status raises significant concerns about its safety and legitimacy. The lack of complete and transparent information about its service sections can hinder a trader's decision-making process.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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