WikiFX Review: Is it OK to invest in DeltaStock?

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates the reliability of DeltaStock based on the facts.

What is WikiFX？

1. Evaluate the reliability of DeltaStock based on its general information and regulatory status

To understand DeltaStock better, we explore DeltaStock by analyzing three main perspectives:

A. General Info of DeltaStock

B. Regulatory Status

C. Fund Security

A. General Info of DeltaStock

WikiFX has given traders an overview of what DeltaStock looks like:

(source: WikiFX)

About DeltaStock

According to DeltaStocks website. DeltaStock was established in 1998 and it is a trading company offering financial service to all EU member states.

Trading Platform

This broker uses its own trading platform to do business.The Delta Trading Desktop, Delta Trading Web, Delta Trading Mobile. Besides, DeltaStock also provides clients with the MT5 platform.

Market Instruments

DeltaStock offers investors a huge range of financial products, including forex, gold and silver, shares, Indices, Futures, Commodities, ETFs, and Cryptocurrencies.

B. Regulatory Status

On DeltaStock‘s website, It claims to hold a full license from Bulgaria’s Financial Supervision Commission (FSC) (license No. RG-03-146), granting it the right to conduct business in the Republic of Bulgaria and abroad. However, according to WikiFX, DeltaStock is not regulated. At least it is an unregulated broker outside Bulgaria.

2. The feedback from Twitter

(Source:Twitter)

• As of June 1, 2022, DeltaStock does have an Official Account on Twitter, where it has 149 followers.

• It seems hard to find negative comments related to this broker on Twitter.

3. Exposure related to DeltaStock on WikiFX

On WikiFX, the Exposure consists of feedback from traders. A bad track record of brokers can be checked via Exposure. WikiFXs Exposure function helps you get feedback from other traders and remind you of the risks before it starts.

This trader from Argentina complained that he/she can not withdraw money from DeltaStock.

Another trader from Chile claimed that the customer service is poor and the DeltaStock team does not allow this trader to withdraw money.

4. Special survey about DeltaStock from WikiFX

A. Scoring Criteria

WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

DeltaStock has been given by WikiFX a very low rating of 1.86/10.

(Source : WikiFX）

(Source: WikiFX)

B. Field Investigation

(Source:WikiFX)

• To help you fully understand the broker, WikiFX also investigates the brokers by sending surveyors to the brokers physical addresses.

• On WikiFX, you can visually check the physical addresses of brokers by pressing the “Survey” button.

• WikiFX did make an on-site survey on DeltaStock in March 2022 but failed to find their office.

(Source:WikiFX)

C. WikiFX Alerts

(source: WikiFX)

5. Conclusion:

We did not advise you to invest in this broker since it is not regulated. In addition, the WikiFXs survey team went to Bulgaria to visit this broker as planned but did not find the its office at its publicly displayed business address. This raises our concern about its reliability. We suggest you do more research before making a decision. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.

Click on DeltaStock's WikiFX page for details