DeltaFX Forex broker review — Everything you need to know

DeltaFX is the company’s trade name, which is based in Saint Lucia. The broker offers access to diverse markets on its multitude of trading accounts. Traders can start trading from 50 USD and spreads can be very low depending on the account selected.

In this unbiased, DeltaFX review, we will assess the broker’s most important features to define its safety, accounts, spreads, commissions, support, and more.

DeltaFX Safety

The DeltaFX website is operated by DeltaFX Corporation, which is a business company registered in Saint Lucia. This is an offshore location where laws are very forgiving and brokers are not required to hold a license. As a result, DeltaFX is an unregulated Forex and CFDs broker. Regulations are crucial in online financial trading and since DeltaFX is not overrun by any authority, we advise our readers to stay cautious as unregulated barkers often are scams.

There is no confirmation that the broker employs segregated accounts to keep trader funds separate from its operational money, which is also a serious red flag.

DeltaFX does offer negative balance protection, which means you won’t lose more than what you deposit. This is an important policy to ensure beginners are in a safe environment.

DeltaFX Overview of the website

The website of DeltaFX is absolutely crowded with menus and the broker does a good job of providing details about its services. There is also a live chat plugin directly built inside the website, offering quick assistance. Despite so much content, the website is surprisingly responsive and easy to navigate. Every piece of information is well-sorted into its respective menu, making it an easy process to find what the user seeks.

Overall, the website of DeltaFX is professionally designed and the broker transparently provides all the necessary details about its services, which is crucial in online financial trading.

DeltaFX Accounts Reviewed

DeltaFX Forex broker offers a wide range of different account types such as DeltaFix, DeltaECN, DeltaBasic, DeltaPremium, and DeltaMaster. Each of the accounts has different minimum deposit requirements, spreads, and so on. Let’s briefly review each of the account conditions to define whether DeltaFX is an attractive broker.

DeltaFX DeltaFix Account

The DeltaFix trading account offers the following conditions:

• Minimum deposit – 200 USD
• Maximum leverage – 1:400
• Spreads from – 2 pips
• Spreads Type – Fixed
• Commissions – 0 USD
• Minimum lot size – 0.01 lots
• Swap Free – Yes, 10 days free

This account has expensive spreads but they are fixed for FX major pairs, which might be attractive for some traders but not suitable for everyone. This account is especially suitable for news-based strategies because of its fixed costs during highly volatile markets.

DeltaFX DeltaECN Account

The DeltaECN account has the following specs:

• Minimum deposit – 50 USD
• Maximum leverage – 1:400
• Spreads from – 0.0 pips
• Spreads type – Floating
• Commissions – 0.0025% In & Out
• Minimum lot size – 0.01 lots
• Swap Free – Yes, 10 days free

This is an ECN trading account that is designed for scalpers and spreads are from 0 pips. The commissions are 2.5 USD per side per lot, which makes it just 5 USD round trip. This is a low commission.

DeltaFX DeltaBasic Account

The DeltaBasic account offers the following:

• Minimum deposit – 50 USD
• Maximum leverage – 1:400
• Spreads from – 0.6 pips
• Spreads type – Floating
• Commissions – 0 USD
• Minimum lot size – 0.01 lots
• Swap Free – Yes, 10 days free

This account is for general trading purposes and offers a low spreads environment with 0 USD commissions and the minimum deposit is also low.

DeltaFX DeltaPremium Account

The DeltaPremium trading account has the following conditions:

• Minimum deposit – 10,000 USD
• Maximum leverage – 1:500
• Spreads from – 0.0 pips
• Spreads type – Floating, Raw
• Commissions – 2 USD
• Minimum lot size – 0.01 lots
• Swap Free – Yes, 10 days free

This account has even lower commissions for raw spreads, making it more suitable for experienced scalpers who have at least 10,000 USD in their trading accounts.

DeltaFX DeltaMaster Account

The DeltaMaster account offers the following conditions:

• Minimum deposit – 50 USD
• Maximum leverage – 1:400
• Spreads from – 0.6 pips
• Spreads type – Floating
• Commissions – 6 USD
• Minimum lot size – 0.01 lots
• Swap Free – Yes, 10 days free

This account is likely the least competitive, as it incurs both spreads and commissions, making it an expensive trading account to operate.

Overall, DeltaFX offers a diverse range of trading account types and conditions that are generally competitive, featuring low spreads and commissions. Both fixed and floating spreads are available.

Deposit and withdrawal options at DeltaFX

Traders need to know when they can deposit and withdraw funds. While they can deposit 5 days a week, withdrawals are only available for a limited time. Traders can deposit between 9:00 AM and 11:00 PM from Saturday to Friday and withdraw between 9:00 AM to 12:00 PM from Monday to Thursday.

Payment methods supported include local banks, Top Change payment gateway, and T Pay deposit, available 24/7.

DeltaFX Assets — What can you trade?

When it comes to available assets traders can access various markets including Forex pairs, commodities, indices, and cryptos. The maximum leverage on most retail accounts is 1:400 which enables traders to control substantial-sized positions.

Trading platforms of DeltaFX

DeltaFX allows traders to access the two most popular advanced trading platforms MT4 and MT5. Both platforms enable traders to deploy custom indicators and Expert advisors and offer advanced tools and charting capabilities. Mobile trading is available via the MT4 &5 mobile apps, accessible on both iOS and Android.

Education at DeltaFX

As for the educational resources, the broker offers Forex school and FX glossary. The glossary is a useful list of financial trading terms and the FX school provides a blog. On this blog, traders can find various items like school, news, articles, and much more. This is very diverse and traders can get core knowledge about online financial trading.

DeltaFX Customer Support

Customer support experience is provided via email, live chat, and hotline options. Support is available 24/7 even for the phone support channel, which is crucial. Broker’s website and support are both available in 5 different languages, which makes DeltaFX a multilingual Forex trading platform.

DeltaFX bonuses and promotions

There are several bonuses available. The TakeOff bonus is a 50% deposit bonus that allows traders to get up to 750 dollars in trading bonus. There is also a 200% summit bonus and several other scheduled promotions available. Overall, the broker offers promotions that can be used by new traders.

Is DeltaFX your broker? Final verdict

DeltaFX offers diverse account types, MT4 & MT5 trading platforms access, and various bonuses, but its unregulated status makes it a very risky choice. The broker is also based offshore further reducing its reliability for traders. While spreads and commissions are competitive, a lack of licensing creates serious safety risks.

FAQs on DeltaFX broker

Where is DeltaFX based?

DeltaFX is based in Saint Lucia, which is an offshore jurisdiction.

Can you withdraw from DeltaFX?

While the broker claims withdrawals Mon–Thu, 9:00 AM–12:00 PM via bank, T Pay, or Top Change, we have not checked whether they truly allow profit withdrawals.