Delta Capitals – Can You Trust Them?

Website URL: www.delta-capitals.com

Founded: N/A

Regulations: Unregulated

Languages: English, Russian, German

Deposit Methods: Credit and Debit Cards

Minimum Deposit: $250

Free Demo Account: No

Number of Assets: N/A

Types of Assets: Forex/Currencies, Shares, Commodities, Indices

Trading Accounts and Conditions

Here is the list of trading accounts on offer by Delta Capitals:

• Student: The minimum deposit you are required to make for this account is $250.
• Standard: The initial deposit for this account type is a minimum of $5,000.
• Investor: You need to make a first deposit of at least $10,000 for this account type.
• Delta VIP: For this account, you need to make a minimum deposit of $50,000.
• Delta VIP Platinum: To sue this account, the minimum deposit you need to make is $100,000.

While the broker has not explicitly mentioned the trading conditions on their website, we were able to check their client platform and get that information. The spreads stand at 2 pips for the EURUSD pair, and the maximum leverage for forex pairs is 1:200.

Delta Capitals – Advantages

We did not find any advantages to trading with Delta Capitals.

Delta Capitals – Disadvantages

Here are all the reasons why you should not trade with Delta Capitals:

• Unregulated Brokerage

Delta Capitals claims to be owned and operated by Marketlin LTD, a company that is supposedly based in Sofia, Bulgaria. Bulgaria is a part of the European Union, and to be able to operate in this country, a broker needs to either have a license to operate from the financial authority of this country, the Financial Supervision Commission (FSC), or the financial authority of a member-country.

Since Delta Capital has provided no details about its regulated status, we checked the online register of the FSC, and found that neither its parent company nor the broker itself are registered with the watchdog.

What this essentially means is that this broker is not regulated.

• Flagged as Clone Firm by FCA

While we were investigating Delta Capitals’ regulatory status, we found out that this broker has been flagged off by the FCA – the UK’s financial authority, the Financial Services Commission.

A clone firm is a scammer that uses a regulated, legitimate firm’s details and passes off as their own in order to attract customers. According to the regulator, this broker is using details of firms authorized by the FCA to dupe people into thinking that they are a legitimate operation.

This couldn’t be a stronger warning to all traders that contracting with Delta Capitals would be very dangerous.

• Web-Based Trading Software

Despite the fact that this broker does not offer a demo account, we were very easily able to access their trading software. And when we did, we found that the platform offered by Delta Capitals is just another web-based interface that offers nothing of substance.

This web-based trading terminal has a strange-looking dashboard that just cannot compare to the MetaTrader 4 platform. The MT4 platform is the world’s leading trading software, where clients can enjoy its easy interface and many features for advanced trading. With the MT4 platform, traders can carry out market analysis using the charting and analysis tools on offer. And they can also carry out automatic trading through the software’s Expert Advisors, which are trading bots.

• Lies About Payment Methods

On its Website, Delta Capitals claims that you can make deposits using cryptocurrencies, bank transfers as well as credit and debit cards. However, when we checked their payments page, the only way that you can make deposits is via credit and debit cards.

• Unfair Terms and Conditions

While reading through Delta Capitals’ trading conditions, we found some really strange provisos.

• There is a clause that either refers to a hidden deposit fee or to the time it will take to process deposits (which is stated as 3 days). The language is so ambiguous that it could mean either or even both.
• If your funds do not appear in your account after you have deposited funds, then the broker promises to carry out an investigation – which you will need to pay for.
• The broker also states that it has the right to give funds deposited by their clients to third parties so that a user’s collateral requirement is satisfied. And, the broker states that it will not be held responsible for what that third party does with your funds! And finally, if that third party goes bankrupt, then you don’t get your funds back.
• Delta Capitals also states that it reserves the right to change fee structures as and when it suits them – without notifying their customers.
• You will also be charted an account maintenance fee of either 30% or $80 from your deposit. You will also be charged a $100 inactivity fee if you have not traded for 90 days.
• If the broker goes bankrupt, then your positions will be closed without you being notified.
• If you wish to lodge a complaint against this broker, you need to do it within a given timeframe, or you lose the right to do so.

• Long Withdrawal Processing Time

Delta Capitals states that it will take up to 10 working days to process your withdrawal request, which is just ridiculous in this day an age. Other – regulated – brokers are able to do so almost instantly.

• Trading Bonuses

Delta Capitals offers its clients quite a few types of trading bonuses:

• The Welcome Bonus, Insurance Bonus and the Standard Bonus require to you trade at least 7 standard lots per $100 before you will be allowed to withdraw your funds.
• The No-Deposit Bonus requires you to trade at least 5 standard lots per $100 before you will be allowed to withdraw your funds.

Conclusion 

The only thing good about Delta Capitals’ is its website – it looks good. Everything else about this broker is a scam and if you trade with them, you will lose all your money.

Delta Capitals

2.5

User Experience

3.2/10

Payment Options

2.1/10

Security

2.2/10

Support

2.3/10

Reputation

2.5/10

Pros

• None

Cons

• Cons Unregulated Brokerage
• Flagged as Clone Firm by FCA
• Web-Based Trading Platform
• Lies About Payment Methods
• Unfair Terms and Conditions