New Broker Delta Market Review. Delta Market Scam?
03 / April / 20 Visitors: 237 ★★★★★
|Broker Name:||Delta Market|
|Location:||Republic of the Marshall Islands|
|Demo Trading Account:||YES|
|Spread:||YES (from 0.1 pips)|
Here, we’re going to conduct an analysis of Delta Market broker activity, using publicly available data and contact information that they provide. As you know, in our reviews we prefer to focus on multiple points of view, broker’s and client’s as well. This Delta Market review will not be an exception. Please read it in full in order to make a conscious choice of a broker for your trading activities.
Delta Market forex is a broker that uses MetaTrader4 and is fairly new on the market. Their strong sides are trading policy, conduction of deals, security of funds and balance of account tiers. All that combined makes them quite reliable for investors from our point of view.
Trading has some intrinsic risks to it as a high-risk business activity. Besides, within the risky market the new trader can face fake brokers or unfair business practices. That is why, before making a final decision on what broker you want to cooperate with, it is always worth conducting a deep analysis of its activities. That is our main goal in this Delta Market review.
Here are some scores we have given for various aspects of Delta Market activity:
Company: 8/10 ✦✦✦✦✦✦✦✦✧✧
Reliability: 7/10 ✦✦✦✦✦✦✦✧✧✧
Trading terminal: 8/10 ✦✦✦✦✦✦✦✦✧✧
Account tier system: 9/10 ✦✦✦✦✦✦✦✦✦✧
Prices: 9/10 ✦✦✦✦✦✦✦✦✦✧
Support service: 8/10✦✦✦✦✦✦✦✦✧✧
Regulation: 7/10 ✦✦✦✦✦✦✦✧✧✧
Delta Market to us seems a kind of a broker that is mostly concentrated upon making your trading activities more efficient. The company is fairly new, it was established in 2019. Despite being so young though, they provide some high-quality services for their clients. Their main office is situated on Marshall Islands.
If you’re a seasoned trader, you would know how hard it is nowadays to find a broker that’s not a scam. Delta Market broker, however, stands far from such fraudsters, providing clear and efficient services. We could find no mishaps in their activity since they were founded, which can be surely considered a great benefit.
Services are provided in several languages, including English. Company’s headquarters are in Majuro. There are some blocked countries that cannot be accessed with this broker, but otherwise traders from around the globe are able to conduct operations with them.
Pros and Cons
- · MetaTrader4 is used as a trading platform.
- · About 150 instruments of trade.
- · Spreads are low, so is the cost of trading.
- · There is no possibility to use cTrader
Delta Market is located in Marshall Islands. In the forex brokers community this option is considered mostly average.
There is, however, some practice environment for trading. We believe this factor to be more important than the lack of regulation. Execution of trades, account tiers, and policies used by this country were analyzed by us, and we believe the company to follow their own principles accordingly.
Sure, this company has a lot of things to improve, when it comes to reliability; you should remember that they are a new company though, and that they are constantly working on their weaker sides at the moment. Deltamarket.net scam protection is quite excellent already, for example.
TRADING TERMINAL ✦✦✦✦✦✦✦✦✧✧
As we have stated already, Delta Market forex prefers to use the MetaTrader4 trading terminal. It is widely popular among traders all around the world. We believe this to be an advantage for the company, because MT4 is a fast and intuitive tool that can be much more useful to an average trader than some proprietary platform other brokers might’ve used.
MetaTrader4 is a well-known trading tool. It has a lot of benefits for both new traders and old-timers. Let’s make a short summary of their main important aspects:
- · Main trading indicators: 30
- · Third party optional indicators: several thousands.
- · Services of expert advisors, both free and paid.
- · Available timeframes for trading: 9
- · Great variety of trading tools
- · Operating systems: WIndows, Mac, iOS, Android, any device supporting web browsers.
- · 3 available types of execution.
- · MQL language allows you to create your own EA.
Delta Market services are easily available from most devices. You don’t have to possess a personal desktop or a laptop in order to trade.
Instruments of Trade for Delta Market
Being a fairly new broker, it is amazing how many trading instruments Delta Market is capable of providing. However, this is true — the company offers almost 150 trading instruments, including currency pairs, energy resources, metals, and others. It doesn’t offer any cryptocurrencies though due to the deltamarket.net scam protection policy.
- 1. Pairs of currency— Delta Market offers 50 pairs of currency for traders to use.It includes such popular pairs as EURUSD, USDJPY, and GBPUSD.
- 2. Energy resources — Brent oil, crude oil, natural gas, all these options are available for Delta Market clients.
- 3. Metals — two of the most popular metals for trading, silver and gold are, of course, present in the list.
- 4. Shares — No broker can be considered complete without access to shares trading. Delta Market offers access to the world’s most famous brands such as Amazon, Tesla, Google, Apple and many others.
ACCOUNT TIERS ✦✦✦✦✦✦✦✦✦✧
There are 4 account types available for traders of all financial capabilities. It doesn’t matter if you’re a newbie or an advanced trader, this broker will suit you just fine.
Silver is the most universal type of account. With it, all the trading possibilities are opened to you, while the prices stay pretty low. You can even access Expert Advisors with this account tier. Bronze and Silver tiers have essentially the same level of spreads: 2.5 pips spread is nice, but is far from 1.5 pips the Gold account can provide you with. All of the aforementioned spreads pale in comparison to Platinum account, which has 0.1 pips spread. At this point, the company offers you its services almost for free. We used the Bronze tier for testing things out, because we believe it to be the most popular among deltamarket.net reviews clients. Everything looked really smooth, all the services we received were really high-quality and efficient. By the way, there are no commissions for large trades for this broker. All account tiers share this benefit, which gives even more points to this broker. Even if you’re completely inexperienced and green, you can still make a good profit by cooperating with this broker. We consider this state of affairs a real dedication to broker’s clients, and believe that this is a clear indicator of high-quality service.
The main thing we’re trying to shed light onto here is that regardless of which account tier you choose, you will find that all of them have some unique benefits and drawbacks. Some meticulous personal analysis is encouraged, if you’re considering which type of account you’d like to join with this broker.
Another thing is the atmosphere. As we’ve stated, most of the benefits are spreaded among all types of account tiers. This strengthens the feeling that you’re not pushed by your broker and are free to choose the most suitable type of account tier that will benefit your particular needs the most. This kind of atmosphere is rare among brokers, and we believe it to be another advantage for Delta Market scam protection.
SERVICE PRICES ✦✦✦✦✦✦✦✦✦✧
Delta Market has somewhat lower trading costs than your average industry broker. The company declares its point is reasonable spreads and the absence of other fees and hidden payments. The claim they build their business on the higher client’s profits and longer term of cooperation. That is why one returning client is equal for Delta Market to five new customers. That is why the company nurtures its clients, starting from the very first steps. The support service and account manager help the client to avoid the typical mistakes, to expand knowledge about Forex, and to develop the skill set for the most successful trading.
Delta Market doesn’t charge any additional fees when it comes to deposition, making a transaction, or a withdrawal of your money. This feature is really great for a broker, because a lot of their competitors are using such fees trying to raise profits by any means available to them, including small commissions for simple tasks. Those commissions might seem small at first, but in the long run they can devastate your financial situation. This destructive attitude is supported by many brokers out there, and the sole fact that this broker doesn’t use things proves them to be honest at the very least. Delta Market avoids extra fees trying to make its business transparent.
There are two possible methods for depositing your money with Delta Market. You can make a credit card payment, or a direct bank transfer. Most traders are using these methods on a daily basis anyway, so that wouldn’t be a problem for them. Some of the clients that are not used to them might feel slightly uncomfortable though. No fees are taken from deposits, just as the Delta Market scam protection system dictates. Your bank, however, might charge their own commissions, which are in no way reliant on deltamarket.net reviews decisions.
Withdrawals are conducted via those two methods as well, however, there is a slight downside in that process: sometimes withdrawals can take as long as several days for your money to reach your bank. That can be troublesome for some clients as well.
SUPPORT SERVICE ✦✦✦✦✦✦✦✦✧✧
Communication with Delta Market support staff is a really pleasant experience. You can get in touch with them by phone, or by submitting a ticket via email. You can also fill out a web form, but it is the same as sending an email essentially. Live chat option is lacking, unfortunately, but we don't think that you’re going to need support services all that much, really, with how efficient Delta Market services are.
Phone number: +441507243012
Delta Market is located in the Marshall Islands, and this fact determines most of their regulations. Looks like they prove themselves worth working with them, in fact, the flexibility of their terms are based on their jurisdiction.
✦DELTA MARKET BROKER REVIEW CONCLUSION✦
Delta Market has some minor flaws. Most of those are directly connected to the fact that they are new on the market. The broker, though, is getting improved very rapidly, and to us that seems the best proof that they are reliable and trustworthy.
MetaTrader4, used by Delta Market, is a very popular choice. We approve it and believe sticking to it is a right decision on the broker’s part. Chances are, you’re already familiar with MetaTrader4, if you’ve been trading before.
Our final conclusion is that this broker is completely trustworthy, and going to provide you with high-quality services that are quite rare nowadays. However, we urge you to test this broker personally before investing your funds into it, in order to decide if they are right for your needs.