Delta FX

Delta FX broker is a brokerage that has tailored its services specifically for the Iranian market, with a Persian-language website, Rial deposits and withdrawals, and swap-free accounts. But Teagle's review shows that behind these conveniences lie serious doubts about its track record, licensing and the safety of funds. In this overview, we have pulled together everything you need to know before opening an account with Delta FX, based on Teagle's data.

What kind of broker is Delta FX?

Delta FX presents itself as an established broker founded in 2002, but this claim appears to rest on an old domain that was registered to another company, and the company was likely founded in 2019. The broker claims its headquarters is in London, but Teagle's review found that its registered address is not a real office; its support office is in Turkey, its technical office is in Dubai, and its ownership is reported to be Iranian. Delta FX showcases awards such as "World's Most Trusted Broker" and "Best Broker in the Middle East" from Dubai expos in 2021 and 2022 on its website, but these awards do not make up for its regulatory uncertainties and negative user feedback.

Delta FX licenses and credibility

According to Teagle's latest review, Delta FX holds two active licenses, both offshore and weak:

• AOFA, Anjouan (Anjouan Offshore Finance Authority); the license number is not recorded in Teagle's data;
• MISA, Mohéli (No. L16182/DFX).

Teagle's expert considers Delta FX an offshore broker without credible regulation and stresses that its expulsion from the Financial Commission is a sign that it does not adhere to even the minimum industry standards. The broker's marketing claims, such as "no slippage", "NDD" and "regulated", are also misleading in the view of Teagle's expert. To assess these licenses, read the guide to broker regulation tiers .

Does Delta FX serve Iranians?

Yes; Delta FX has a Persian website and Persian support, and according to the broker itself, its live chat is available 24/7 with Persian-speaking support agents. Accessing the website may require changing your IP. Teagle's expert points out that these conveniences are designed to meet the needs of the Iranian market, but they are no substitute for the safety of funds and legal protection.

Delta FX trading accounts

Delta FX offers five account types, all with leverage up to 1:1000, a 100% margin call and an Islamic version:

• Basic and Master accounts: minimum deposit of $50 and floating spreads from 0.6 pips; requotes are recorded for both in Teagle's table.
• ECN account: minimum deposit of $50 and spreads from zero.
• Fix account: minimum deposit of $200 with fixed spreads from 2 pips.
• Premium account: minimum deposit of $10,000 and spreads from zero.

The stop-out is 40% for ECN and Premium accounts and 20% for the rest. Instruments include forex, metals, energies, indices and cryptocurrencies. According to Teagle's expert, the broker's trading rules are restrictive, including a ban on trading during news releases. There is also evidence that Delta FX operates as a market maker; to understand the conflict of interest in this model, read the article What are B-Book and A-Book brokers .

Delta FX platforms and services

Trading at Delta FX takes place on MetaTrader 4 and MetaTrader 5, and Expert Advisors and custom indicators can be used. Copy trading, a virtual private server (VPS), cashback, rebates, bonuses and referral rewards are also among its services. In its client agreement, the broker claims to apply negative balance protection. However, Teagle's expert describes its order execution quality as questionable, with asymmetric slippage and delays; before anything else, get to know the concept of slippage in forex . We have also covered the broker's incentive programs in our review of Delta FX's new campaign and the Delta FX IB program .

Delta FX deposits and withdrawals

According to Teagle's payment table, deposits and withdrawals are made via ZiPay and TopChange with no fees; the minimum deposit via TopChange is $10, deposits are fast, and withdrawals take 3 to 7 days to process. The worrying point is that, according to Teagle's expert, there are numerous credible reports of severe problems withdrawing funds from this broker.

Delta FX rating and risk on Teagle

Delta FX's overall rating on Teagle is 1.61 out of 5: Trustpilot 2.2, Teagle users 2, Teagle expert 1.7, WikiFX 1.16 and Forex Peace Army 1. Teagle Eye's risk index for this broker is 53 out of 100, in the "medium risk" category. This index measures track record based on the registered founding year, and given the doubts about its actual track record and the expert's very negative assessment, this figure should be read with caution. Also follow this broker on the list of brokers requiring caution .

Delta FX pros and cons

• Pro: standard MT4 and MT5 platforms and a low minimum deposit
• Pro: Rial deposits and withdrawals and Persian support
• Pro: a range of accounts, an Islamic account and copy trading
• Con: no credible regulation and expulsion from the Financial Commission
• Con: numerous reports of withdrawal problems and evidence of a B-Book model
• Con: misleading marketing claims and restrictive trading rules

Who is Delta FX suitable for?

Teagle's expert finds this broker hard to recommend; perhaps only for someone who wants to use its Rial and Persian services with a very small amount of money they can afford to lose entirely. Delta FX is by no means recommended for professional traders, scalpers, news traders or medium and large capital. If you want a broker for the Iranian market, weigh it up in the Delta FX vs Ottet Markets comparison .

Conclusion

Delta FX appears to offer a full set of local services, but its offshore license, expulsion from the Financial Commission and withdrawal complaints make it very high risk. If you still intend to use it, start with only a small amount, make a test withdrawal before any further deposit, and regularly check investment risk warnings .