Best Forex Brokers Bulgaria 2023
Here are the best forex brokers accepting residents of Bulgaria as clients.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FOREX.com
- 9.3/10 Overall
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XTB
- 9/10 Overall
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eToro
- 8.8/10 Overall
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AvaTrade
- 8.6/10 Overall
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Plus500
- 8.5/10 Overall
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Capital.com
- 8.4/10 Overall
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XM Group
- 8.4/10 Overall
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Pepperstone
- 8.4/10 Overall
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Admiral Markets
- 8.3/10 Overall
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Tickmill
- 7.9/10 Overall
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BlackBull Markets
- 7.9/10 Overall
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HFM
- 7.7/10 Overall
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HYCM (Henyep)
- 7.7/10 Overall
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Eightcap
- 7.6/10 Overall
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ThinkMarkets
- 7.4/10 Overall
Minimum Initial Deposit
$100 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 1.0 (July 2022) |
| All-in Cost EUR/USD - Active | 1.0 (July 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$0 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 1.07 (Q3 2022) |
| All-in Cost EUR/USD - Active | 1.04 (Q3 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$10-$10,000 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 1 (August 2021) |
| All-in Cost EUR/USD - Active | N/A |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$100 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 0.91 (Aug 2020) |
| All-in Cost EUR/USD - Active | 0.61 (Aug 2020) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
€100 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 0.6 (as of Aug 2018) |
| All-in Cost EUR/USD - Active | N/A |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$20 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Average Risk |
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 0.6 (July 2021) |
| All-in Cost EUR/USD - Active | 0.6 (July 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$5 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted |
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 1.6 (Aug 2020) |
| All-in Cost EUR/USD - Active | 0.8 (Aug 2021) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$200 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 0.77 (September 2022) |
| All-in Cost EUR/USD - Active | 0.87 (September 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$100 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted |
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 0.8 (July 2021) |
| All-in Cost EUR/USD - Active | 0.7 (July 2021) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Here are some additional brokers worth checking out.
IG
IG was originally formed as the UK’s first spread betting firm, trading just one asset – gold. Now, with over 40 years of experience, IG has gained around 185,000 clients from all over the world and offers over 15,000 financial markets for them to trade in.
As one of the field’s innovators, they were also the first company to offer an online trading platform in the region and also pioneered trading on iPhones by developing a downloadable app. They now offer both Android and Apple apps, as well as their powerful web-based platform. Using award-winning technology, their platforms offer both speed and security. They also are integrated with a range of tools that can help traders make more informed decisions.
IG is regulated by the trusted authority in the UK, the Financial Conduct Authority (FCA). Through the EEA regulatory regime, MiFID (Markets in Financial Instruments Directive), IG’s regulated services are also available to traders in Bulgaria, via passport arrangements.
IG are additionally signed up to the FX Global Code of Conduct which shows their dedication and commitment to the guidelines that demonstrate good practice within the financial markets and services.
Plus500
Plus500 is a trading service offered within Bulgaria by a subsidiary company, Plus500CY Ltd., which is based in Cyprus and headquartered in Limassol. As a leading international issuer and seller of more than 2000 financial CFD products, Plus500CY Ltd is licensed and regulated by the respected European financial authority, Cyprus Securities and Exchange Commission (CySEC). When traders open accounts, their deposits are kept on a segregated basis, in alignment with the client money requirements from CySEC, which ensures the additional protection of client assets.
A dedicated Bulgarian language website is provided by Plus500 for Bulgarian traders, where they can access information about the company and the different trading products on offer. They can additionally sign up for a demo or a real trading account through the site. Bulgarian customer support is also available and the Bulgarian Lev can be selected as the base currency for the account. Traders should note that the base currency needs to be selected before any trading activity takes place on the account as it will not be possible to change this at a later date. Bulgarian can also be selected as the primary language for the trading platform.
Users can trade on a desktop or can download the app from the Apple App Store or Google Play Store for trading on the go. The app contains many advanced features and is reportedly simple to use.
XTB
XTB, formerly X-Trade Brokers, launched in 2002 in Warsaw, Poland and in 2005 gained authorization to conduct their trading services from the Polish Financial Supervision Authority (the KNF). They committed to offering world-class trading services in many financial markets, and have since opened offices in over 13 countries, including Bulgaria, Greece, Belgium, France, Portugal, and the Netherlands. They pride themselves on honesty, transparency, and openness and are responsible to some of the world’s most trusted financial regulatory authorities, including the Financial Conduct Authority in the UK. Through arrangements permitted by MiFID (the Markets in Financial Instruments Directive), XTB can passport their services out from the UK to cover Bulgaria.
XTB offers over 50 forex pairs, over 20 major indices pairs, commodities such as gold, silver, crude oil, and more, over 1500 global shares and allows short selling on contracts for difference (CFDs). Web-based platforms MT4 and xStation make it possible to trade from anywhere, with downloadable apps available for desktops, mobile phones, tablets, and even smartwatches.
Account types available to customers from Bulgaria include the Basic, Standard, and Pro accounts. Basic accounts operate on a fixed spread, regardless of market conditions. Standard accounts operate with floating spreads. Pro accounts operate with both floating spreads and market execution.
XTB offers Market Analysis: real-time market news, market sentiment, top movers, and company news. They cater to novice traders by providing educational videos through their trading academy. The trading academy has been divided into basic, intermediate, expert, and premium. The vast array of content is geared towards helping clients to become better traders.
Clients from Bulgaria can open an account in Euros, as well as GBP or USD. Convenient deposit transfer methods include debit/credit card transfers, bank account transfers and e-wallet payments, such as PayPal.
BrokerNotes.co 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
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Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
Marcus Taylor
BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.
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