Delta Stock

[gagan]

OK - well - I just thought that this thread needs to be updated - and credit must be given when credit is due - and Delta Stock is definitely due for credit this morning!

I was finally able to take some profits off the table and put in a withdrawl request. Delta told me that it would take 2 to 3 business days for the money to show in my account. This morning - exactly 2 business days from the date of the withdrawl request - the money was in my account - free of deductions - and at the exact exchange rate (USD/ZAR) prevailing at the time of my withdrawl request. No deductions for ‘other charges’, ‘adjusted’ exchange rate, etc. etc. etc.

Comparing this to my other two brokers - no contest!

In four or five months - I’ve probably had 3 or 4 requotes with Delta - that’s all - absolute heaven - and order execution is instantaneous - and never had ‘slippage’ of any kind.

Thank you Delta Stock!

Now - I feel I need to respond to the comments in this thread which relate to the small capital requirement and the comments that followed.

I disagree with you totally. At Delta you can set your own lot sizes with a minimum lot size of 1000 and no maximum. With the mimum lot size of 1000 you could open a position on say GBP/CAD for example and the margin requirement for this single position would be around $9.93 currently and that leaves loads of free margin to trade without wiping out your account (I’m just removing decimal places here for demonstration purposes - my lot size is set to 100 000). The reason it works this way with Delta is because with Delta your margin requirement per lot is not fixed like it is at (my) other brokers (one has a minimum margin requirement of $50 and the other one has a minimum margin requirement of $1000). In other words - at Delta - you set your lot size - and the margin requirement is based on the actual currency value and the amount of currency that you ‘control’ is varied. At (my) other brokers the amount of currency that you ‘control’ is fixed and so is the margin requirement per lot and here - yes - no question - small money - quick wipeout.

Anyway - Delta should have Gold, Silver, Oil, and CFD’s available for live trading by the end of this month and then - no question - I’m closing my other two accounts (I trade mainly the Indices) and moving me and my clients money to Delta Stock.

It is an absolute pleasure dealing with their Customer Service, Technical Support, and Dealers and I have no idea why anybody uses any other broker (if you are trading ‘forex only’ at the moment).

Again - no - I’m not getting paid for this - nor am I affiliated to Delta in any other way other than being a very satisfied Delta Stock client.

Regards,

Dale.

Dale,

Mate these guys call themselves ndd brokers but do they work the same way EFX group does or any other true ndd setup? You say that you only got 2-3 requotes in the time you have been with them. But if they are TRUE ndd you should not get any requotes at all.

Its like FXCM say that they have both ndd and dd platforms. But they themselves are the market makers. Whereas for being a true ndd you should be dealing straight with the banks or other traders who are with that broker. So my question is are delta stock true ndd brokers or are they like FXCM just ndd for namesake?

I am not sayin that they are crap or anything but i just want to know as i am broker hunting right now. I like their setup and all, but dont wanna make the same mistake i made by choosing FXCM!!!

Regards

Gagan