An Interview with Nikolay Nedkov, Deltastock’s CEO

What is your name and position?
 
My name is Nikolay Nedkov and I am Deltastock’s CEO
 
What is your professional background?
 
Before the incorporation of Deltastock Inc. in 1998, I had an eight-year long period of experience and background as a Senior Dealer and Head of Treasury Dept. of a commercial bank
 
Who are your targeted audience?
 
Deltastock targeted audience, based on the cutting edge proprietary trading platforms, which the company has been successfully offering to the investor community for 8 years now  – Delta Trading, online trading on the global financial markets (spot Foreign Exchange, spot gold and sliver, CFDs on stocks, indices and WTI/Brent Crude Oil Futures), and Delta Broker, online trading on the Bulgarian Stock Exchange – Sofia – can be identified, among others, as retail traders, money managers, asset and portfolio managers, corporate and institutional clients, introducing brokers and brokerage firms. DeltaStock currently serves clients from over 50 countries worldwide.
 
Is your main focus of your business online or offline?
 
To this question I could only answer that there is no alternative for any legal entity in the sector, in a global perspective, BUT a truly online business featuring all the tools and instruments, as well as providing streaming, real-time information, with respect to the individual needs of His Majesty The Client for implementing his/her trading strategy, thus meeting, moreover, exceeding his/her expectations where and when possible.
 
Deltastock Company’s vision is to grow into a strong, sound and globally competitive Forex and Stock Brokerage, providing integrated online trading services to clients from all segments, leveraging on technology, innovation and human resources, and adopting the best ethical practices.
 
Why should a trader choose Delta Stock over another broker?

Well, here I could instantly bullet-point some of our advantages, which among others, are:
 
 - Dealing Desk and No-Dealing Desk Execution (Level II, L2, Forex and Precious Metals Quote Module) in one platform (Delta Trading Platform) at trader’s choice in any bit of a second  – quick, secure and effective. Based on our experience – a much appreciated and, please note, unique feature by most of our clients!
 
 - Delta Trading, Delta Trading Web, Delta Trading WAP and Delta Trading Light Web (for PDAs and smart phones ) – downloadable (or Desktop), Web and WAP versions the platform, respectively – intended to provide and secure unmatched flexibility and convenience, among other things, for the trader; 
 
 - A rich variety of order types, which, among others include:
Basket, Conditional(also called Contingent), Hedge, Trailing Stop, Stop and Limit bound to a position (by closing your position by a market order, for example, the limit or/and stop orders are automatically cancelled, so you can never skip a pending limit/stop order);
 
 - Virtual Portfolios  - a feature which enable traders to structure, trade and customize portfolios/indexes by any criteria, they could think of. Also each portfolio/index can be easily exported and later on imported again in “.txt”, “.xls” file format.
At any given moment, traders can copy all of their positions in the virtual portfolio and back-test some trading strategy by opening the portfolio’s/index’s chart, which can be built on percentage gain, gain in an absolute value or on the absolute value of the index. By means of the Basket order, traders quickly can close part or all of their portfolios, or further increase their short or long position in any of the provided financial instruments for trading.
 
 -Leverage of Trader’s Choice within the range of 1:1 up to 1:200. At any time, provided for the trader has no open positions, he/she can quickly and easily a leverage change request. All they need to do is submitting a one-page application.
 
  - A wide scope of markets offered on one trading platform – Delta Trading  - Forex, Gold and Silver, CFDs on stocks and indices, listed on the major US and EU Stock Exchanges. Also Deltastock is the first Forex and Stock Discount Brokerage to offer trading in CFDs on stocks listed on the Bucharest Stock Exchange (Romania);
A total of 1200 financial instruments are currently offered for trading in Delta Trading (600 instruments - currency pairs, spot gold and silver, CFDs on stocks and indices) and Delta Broker (600 Bulgarian stocks, corporate and municipal bonds, listed on the BSE-Sofia)
 
 - VISA and MasterCard Credit Card Payments as an instant Deposit Option, along with Electronic Bank Wire Transfer option.
 
 - Deposit and Withdrawal Request Module, integrated in the Delta Trading platform
 
What advice do you have for someone who is just starting to trade the forex market?
 
I could underline that beginners should gain a good grasp (which is, of course, an ongoing process) of the spot Foreign exchange market, as it is the riskiest. The leverage, which at Deltastock Inc. could be set by the client at 1:200 (or in margin terms – 0.5%) multiplies both the losses and profits. Thus, starting with a Demo trading account, risk-free is obligatory, in my opinion. Second, comes the Risk Management priority importance for the successful trading. Only the Risk Management feature makes and keeps the online Forex trading different and on a safe distance from gambling. The other crucial factor for building a successful style of trading is the trading discipline one should adopt as an absolute principle of his/her trading behavior. Of course, placing Stop orders is always a must  - the Foreign Exchange market is the most volatile market and one could hardly predict the precise price swings of the traded instruments. So do not underestimate the significance of having stop orders in place, whenever you have an open position - that is my personal advice to all novices to the Foreign Exchange trading on margin.  

How different is the forex market today from what it was 2 years ago?
 
Well, the Forex market is one of the most aggressively growing sectors. Its development is highly dependent on the development of the Information Technology sector as well as the consistent boost in the figures of the Internet  usage, worldwide. Two years ago, some 1.9 Trillion USD changed hands daily on the Forex market, while, according to statistics data provided by the Bank for International Settlements (BIS), as of April 2007, the daily Forex turnover stands at 3.2 Trillion USD. 
 
Do you also offer Fund management services?
 
We intend to launch Forex Fund Management Services in the next 3 to 6 months of 2008.
 
Who are the main competitors of Delta Stock in the on-line Forex market?

Companies such as SaxoBank, CMC Markets etc. are our main competitors.
 
What do you think about Forex scam problem in the on-line Forex brokers market?
 
I definitely consider this problem a major one, which sheds a great dose of  insecurity in the sector. Making informed decisions with regards to the broker one is about to open a live trading account with is crucial. Deltastock operates under the EU Markets in Financial Instruments Directive of the European Parliament and the Council which ensures the utmost guarantee for traders in terms of company credibility and regulation standards.
 
Where do you see Delta Stock 2 years from now?
 
I expect Deltastock Inc. to be one of the preferred Forex and Stock Brokerages, worldwide, in 2-year-time period based on our commitment to further develop and expand our markets.