Deltastock – what we know and have as facts about it; This is the trade name of the Bulgaria based retail forex brokerage group Deltastock AD, which is authorized and regulated by the Financial Supervision Commission (FSC) Bulgaria. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders in the EU countries.
We have found in the Order Execution Policy document that the company is the only execution venue of the orders and acts as a principal to each trade (not as an agent or broker). Deltastock does not execute client orders outside of the designated execution venue. This means that Deltastock acts as a market maker and this leads to a conflict of interest. Market makers do not transmit every customer transaction for hedging and hope that clients will lose. Every loss of customers is their profit.
We also found that there are some posts in forums about posting fake positive reviews buggy platforms and unjustified widening of spreads.
Recently we found out that Deltastock AD has taken steps to close its UK subsidiary Delta Financial Markets Ltd. In addition, the British division Delta Financial Markets Ltd renounced its FCA license in January 2020. The company has had an FCA license since 2011.
So far, we have not received any complaints from customers of Deltastock. If you have any criticism to share with us or feel annoyed by Deltastock, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and Deltastock if you wish.