DeltaMarket is an online brokerage headquartered in the Marshall Islands and serves an international audience of online traders at all levels. Founded in 2019, this broker offers trading via contracts for difference (CFDs) across a wide variety of financial instruments, including forex, single shares, indices, and various commodities.
The broker offers competitive spreads and has no transaction fees. There are options for mobile trading, and automated trading, along with a very intuitive interface, a good choice of account types, and excellent customer support. As with any online brokerage, the spreads available and amount of leverage offered will depend on the instruments you trade and the type of account you hold.
The brokerage does not accept US clients. It serves clients in the UK and across most of the EU, except France and Belgium.
DeltaMarket Review: Pros & Cons
- Zero transaction fees
- Large number of instruments
- Good choice of account types
- MT4 trading available
- Low minimum deposit for a basic account
- Risk-free demo account
- No US clients
- No cryptocurrencies
- Limited deposit and withdrawal methods
- Limited educational resources
- Company Name: DeltaMarket
- Founded: 2019
- Country: Marshall Islands
- Broker Services: 50+ currency pairs, 300+ stock CFDs, energies, metals, indices, zero fees
- Regulators: Local jurisdiction, Marshall Islands
- Bonus: On demand, based on the account type
- Minimum Deposit: $250
- Leverage: Up to 1:300
- US Clients: No
- Funding Methods: Credit Card, Debit Card, Bank Transfer
- Platforms MT4
- Dealing Desk: No
- Web Based: Yes
- Mobile Trading: Yes
Broker Test: Our DeltaMarket experiences
Trading Conditions: Zero transaction fees and competitive spreads
- No transaction fees
- Spreads depend on account type
- Spreads from 0.1 pips on Platinum account
- Spreads from 1.5 pips on Gold account
- Spreads from 2.5 pips on Silver account
- Spreads from 2.8 pips on Bronze account
- No limit on open positions
- 5% stop out levels
- Scalping allowed
- Leverage up to 1:300
- Execution: STP, Market, No requotes
In our opinion, zero transaction fees, and an absence of limits on the number of open positions that can be held, make this broker an affordable and flexible option. The very tight spreads on Platinum and Gold accounts are also a desirable feature. But it should be noted that they come with a high minimum deposit of $50,000 for the Platinum account and $10,000 for the Gold account. The minimum deposit for the basic Bronze account, however, is just $250. The default account currency is USD on all accounts.
Underlying Assets/Trading Platform Offering: MT4 trading on a range of assets
Traders can trade CFDs on a wide range of underlying assets, in several different categories. Foreign currencies are available, with more than 50 forex pairs, including major, minor and emerging pairs. DeltaMarket does, however, only offer fiat currencies. Those wishing to trade digital currencies will have to look elsewhere. Other underlying assets available include more than 300 single stock CFDs, and major indices from stock exchanges across the USA, UK, Europe, Asia, and Australia, as well as metals, energies and futures.
The broker offers generous leverage, allowing traders to speculate on price movements without owning the underlying asset. While the entry barriers are fairly small, and there is an abundance of training and education available for online traders, newer traders should be aware of the risks of trading with leverage and take time to educate themselves on trading techniques, risk management, and best practices. Leverage is available at up to 1:300 on all account types but will, of course, be subject to certain limits and will vary depending on the underlying asset being traded. When trading indices, the maximum leverage available at DeltaMarket is 1:50. When trading forex, leverage of up to 1:300 is offered.
DeltaMarket offers the popular and versatile MT4 trading platform in all its versions, including desktop, web browser, and a mobile MT4 app for both Android and iOS devices. MT4 software has a suite of useful features and functions, including a range of integrated technical indicators, advanced back testing facilities, and a range of order types. MT4 software is highly customisable and offers options for social and automated trading via third-party add-ons. The MT4 interface is intuitive and multilingual, providing traders at all levels with an easy to navigate, reliable, and secure platform. DeltaMarket does not, however, offer a proprietary platform or any other options. It is MT4 trading or nothing at this brokerage.
Order Features of the Trading Platform: A variety of order types are available
Those familiar with the MT4 trading platform will already be aware that several order types are available. DeltaMarket clients can trade long or short on any instrument and can place instant or pending orders. Pending orders allow you to place an order that will only be executed when certain market conditions are met, allowing you to set parameters in advance and rest assured that your position will be opened or closed when specified. MT4 users can place stop loss and trailing stop loss orders, and each order type can be easily placed from any version of the platform, including the mobile apps.
When placing a pending order, traders can choose from four different order types, and their trade will be executed when the market reaches the price level specified. Clients can place a buy stop order, a sell stop order, a buy limit order, or a sell limit order. It is possible to set an expiration date on any pending order, so if the market conditions you set do not happen within the time frame you specify, the order expires. Pending orders can be a highly useful feature, especially for traders who cannot constantly monitor the markets.
Analysis Features of the Trading Platform: Indicators, charts, and add-ons
The MT4 platform has more than 30 built-in technical indicators and over 20 graphical objects. It also has the ability to integrate well with a wide range of third-party applications and add-ons, including Autochartist, Expert Advisors, and various social trading applications. Technical indicators that come free with the MT4 platform include Moving Averages, Fibonacci, RSI, Stochastic, Trendline, Money Flow Index, and Accelerator Oscillator. Indicators generally fall into one of five categories: trend, volumes, oscillators, Bill Williams, and custom indicators.
If you are a less experienced trader, it is easy to feel a little overwhelmed, but the highly customisable nature of this platform makes it easy to simply learn to use one tool or chart at a time and slowly add more as you feel comfortable with them.
Another useful feature of this platform is that it will allow you to trade multiple accounts, which can be useful if you use them in slightly different ways. The platform also allows for hedging, backtesting, and ‘black box trading.’
Regulation, Deposit Guarantee, and Risk Limitation: Limited oversight, but does offer negative balance protection.
It is important to note that DeltaMarket is headquartered in the Marshall Islands. While the broker is obliged to comply with any laws and regulations that might apply to it under the local jurisdiction, its offshore status means it is not regulated by any official international authority such as the FCA. This does mean that there is limited oversight of this broker’s activities. This means that an extra layer of caution is advised when investing with this or any other offshore broker.
The firm’s terms and conditions can be easily found in the footer of the website and lay out the measures that are in place to protect clients, including limitation of loss, refund policy and the disputes and complaints procedure. It is essential to read this documentation carefully.
DeltaMarket currently states in its limitation of loss terms, for example, that ‘the maximum loss of the Client will not exceed the funds in his account’ – effectively offering negative balance protection. It also states that any disputes will be processed within 48 hours.
Automated Trading: Expert Advisors, Trading signals and ZuluTrade
The MT4 platform is quite limited when it comes to built-in automated trading options, but it is easy to customise the platform to allow for automated trading. Many MT4 traders use the Expert Advisors (EA) program, which allows traders to create their own ‘trading robot’, which can be built according to the needs, preferences, and appetite for risk of the individual trader.
Each unique EA can be developed, programmed, and compiled by the trader using the MQL MetaEditor, or an EA can be purchased on the MT4 market. As a trader, you are able to define the market conditions that are needed for a position to be opened or closed based on various indicators. Then the EA effectively trades for you, based on the parameters you have set.
It is also possible to set up automated copy trading in MT4, using Trading Signals, which allows you to copy the trades of other successful traders. There are over 3,000 signals available (some free and some paid). These can be accessed via the MT4 website or under the Signals tab in the platform itself.
Another popular option for copy trading is opening a ZuluTrade account and linking it to your MT4 account to facilitate automated social trading.
Account Opening and Minimum Deposit: $250 Minimum deposit, and a choice of account types
This broker provides four different account types to meet the needs of traders at all different levels. Each account type has a different minimum deposit and offers different spreads, but otherwise, the features are very similar across all the accounts.
To open a basic Bronze account, which offers spreads from 2.8 pips, there is a minimum deposit of $250. For a Silver account, the minimum deposit is $2,000, and spreads start at 2.5 pips. For a Gold account, a deposit of at least $10,000 is required, and spreads get tighter, starting at just 1.5 pips. Those who wish to open a Platinum account will need a deposit of at least $50,000, and can benefit from spreads as low as 0.1 pips. These are floating spreads and will change depending on market conditions as well as the instrument being traded.
All the different account types offer commission-free trading, decent leverage, 5% stop out levels, and an unlimited number of open positions. Trade sizes of anything from 0.01 lots to 50 lots are allowed across all account levels.
Account opening is very quick and easy. The process and verification take place entirely online and is very straightforward.
As with any reputable broker, new clients will need to provide some documentation, including proof of identity, usually in the form of a government-issued photo ID and proof of your current address. The majority of new accounts are approved within 24 hours of application. Once your new trading account is approved, you can fund it using a bank transfer or a credit or debit card. You can start trading as soon as your funds have cleared into your trading account.
The Broker and its Competitors: A relatively new broker but already proving competitive
DeltaMarket is a small, new, offshore broker but is offering highly competitive spreads on its premium accounts. Its no-fee model, choice of account types, and reliable platform mean it is already competitive, in many areas, with similar brokers.
The broker launched in 2019, so it is fair to say it has not had much time to prove itself, as yet, but the management team behind the brokerage includes many experienced financial professionals. The company seems to be doing all it can to provide favourable trading conditions and an excellent customer experience.
DeltaMarket has not yet developed a proprietary trading platform, as so many of its competitors have. But it has made the decision instead to go with the highly reliable, well-respected, award-winning MetaTrader 4 platform and make it available in all versions, which will undoubtedly be enough to satisfy many online traders.
Additional Services and New-Customer Offers Limited education and analysis, but bonuses are available
The company offers very few extras and additional services at this time. There is an educational section, but it is limited to a basic FAQ page and forex glossary. News and analysis are also very limited.
Deltamarket does offer deposit and other bonuses, which are not widely advertised, so it is advisable to enquire about bonuses on account opening. The bonus available is on-demand, will vary based on account type, and will likely have conditions attached. Check the general terms and conditions, which can be accessed from the footer of the site, where details are laid out that apply to all bonuses. There are limits, for example, on the amount of leverage that can be used with bonuses, and there are trading volume requirements which must be met before you can redeem your bonus in full.
Customer Service and Website: A focus on UX and customer support channels
One drawback is that real-time spreads on all instruments cannot be accessed via the website until you register for an account, although rough guidelines are given on the Trading and Accounts pages.
Customer support is available via the contact page where the company’s physical address, phone number, and customer support email address are displayed. Phone support is available on +441507243012, and both existing and potential clients can email [email protected]. For extra convenience, the contact page includes a web form and the facility to request a call back from a customer support representative.
Conclusion and final DeltaMarket evaluation
How did DeltaMarket perform in our independent broker review? DeltaMarket is a reasonably new broker but is already proving itself a reliable multi-asset CFD broker, with a good range of instruments, tight spreads, and a convenient zero-commission trading model.
The different account types make this broker suitable for beginners as well as for advanced and professional traders. Plus, the MT4 platform allows for many desirable features, such as automated and social trading, a choice of order types, backtesting, and high quality and intuitive mobile trading experience. As such, we believe that DeltaMarket is a broker worth considering for CFD traders at all levels.