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BULBROKERS logo

BULBROKERS

Regulated
Bulgaria
,
Since 1997
Last Updated:

Trading Conditions

Min Deposit:
N/A
Max Leverage:
200
Account Types
N/A

Official website

bulbrokers.com

Online · checked Sep 10, 2026

Also on our record

  • bulbrokers.bgRegional

Funding Methods

3 methods

Bank Transfer

bank transfer
Not recorded
Fee:Free
Fee:Not recorded

Credit/Debit Card

credit card
Not recorded
Fee:Free
Fee:Not recorded

Cash Register

other
Not recorded
Fee:Free
Fee:0.2%

Trust rating

High risk

47 out of 100 · 81% checked· Provisional

High risk: its licence claims have not been checked on any register, and the published scam check reads appears legitimate.

Regulation
27Poor
Identity
95Excellent
Client terms
23Poor
Trading offer
56Fair
Service
60Fair

We checked BULBROKERS on 2026-10-17 across regulation, corporate record, client terms, trading offer and service, covering 81% of the record. 1 licence claim was found on its site, but none had been checked on a register. The weighted pillars summed to 47 and no gate capped it. The rating stays provisional until a licence is checked on a register. What would change it: licence held by the onboarding entity, withdrawal rails, pricing disclosed per account type. The published scam check reached the verdict "appears legitimate" and established 24.3 years of track record. The policy review scored the client terms 8 out of 10 for risk with 6 critical clauses.

Score last calculated 2026/10/17

Regulatory Licenses

Regulatory Licenses:
Tier 3
Bulgaria flag
Financial Service
Offshore
FSC | Bulgaria

Company Information

Full Name:Bulbrokers EAD
Founded:1997
Headquarters:Bulgaria
Enterprise Offices:3offices

Customer Support

Phone:
+359 2 4893 715
Live Chat:
Not Available
Response Time:
—
Languages:
EnglishBulgarian
Scroll Down

What BULBROKERS legally published, but does not want you to read

Wikilix contract reading ·

High contract risk

Bulbrokers told its clients in November 2025 that it is closing and giving up its Bulgarian licence. Client cash now sits in a special account at Postbank, and there are five years from 31 March 2026 to collect it in person. The contract it still publishes dates from 2012. You get three days to object to a trade, you agree in advance to the prices your positions are force-closed at, and a negative balance is a debt you must pay. Its Spanish pages sell no dealing desk while its own policy says Bulbrokers is the market maker setting the prices.

6Critical clauses
22Clauses flagged
21Documents read
8.0/10Contract risk
Read the full terms report18 more clauses, each with its wording, clause number and source
Editorial review
Updated

Broker Summary

What Wikilix has recorded about BULBROKERS: its history, the licences it holds, its trading conditions and its fees.

BULBROKERS Broker Overview

BULBROKERS is the trading brand of Bulbrokers EAD, a Bulgarian sole-owner joint-stock company entered in the Bulgarian Commercial Register under UIC 115152520, with company file 14059/1997 and a registered office at bul. Tsar Osvoboditel 14, Sofia. The firm is registered as an investment intermediary rather than as a retail forex dealer, and it offers currencies, indices and CFDs on MetaTrader 4 alongside a wider securities, futures, options and bond offering on Trader Workstation.

BULBROKERS Regulation and License

The Bulgarian Commercial Register records Bulbrokers EAD with a registered scope of activity covering investment services under Article 6(2), items 1, 2, 4, 5 and 7 of the Bulgarian Markets in Financial Instruments Act: reception and transmission of orders, execution of orders on behalf of clients, portfolio management, investment advice, and placing of financial instruments without a firm commitment basis.

The same register records a decision of the Bulgarian Financial Supervision Commission, entered on 28 November 2018, that withdrew the firm's right to deal on own account in financial instruments and to underwrite issues of financial instruments. Dealing on own account is therefore outside the firm's registered permissions, and the register lists no licence number.

Is BULBROKERS Regulated?

Bulbrokers EAD is recorded in Bulgaria's official company register as an authorised investment intermediary, but that authorisation was not confirmed against the Financial Supervision Commission's own register in this review, so it stands as claimed rather than confirmed. The distinction matters because the register also documents a partial withdrawal of the firm's permissions, and the current scope of what it may lawfully do can only be established from the regulator itself.

Is BULBROKERS Safe?

The corporate substance behind the brand is real and unusually well documented for a broker of this profile, which is a point in its favour, but it is not on its own evidence of safety. Bulbrokers EAD has existed since 1997, is wholly owned by Financia Group AD (UIC 175321311), and carries registered capital of 566,100 EUR shown as fully paid. Against that, the firm's public website at bulbrokers.com was not serving during this review, the address published for the brand does not match the registered office in the company register, and no client money protection arrangements could be established.

BULBROKERS Account Types

A single account structure is offered for forex and CFD trading. No minimum deposit, spread or per-account specification could be established, so a prospective client cannot compare tiers or costs before making contact.

BULBROKERS Spreads, Commissions and Fees

Costs are commission-based and vary by platform. US share trading starts at 0.015 USD per share, and European shares and ETFs start at 0.15% of the trade value. Spreads on the forex and CFD offering are not published.

BULBROKERS Leverage

Maximum leverage is 1:200 on MetaTrader 4.

BULBROKERS Trading Platforms

Two platforms are offered. MetaTrader 4 carries the forex, index and CFD offering. Trader Workstation is used for the broader securities range, including futures, options and bonds.

BULBROKERS Deposits and Withdrawals

Accounts are funded in USD, EUR or BGN by bank transfer, credit or debit card, or over the counter at a cash register. The broker charges no deposit fee, though intermediary bank and card issuer charges fall to the client. Cash register withdrawals above 1,000 BGN carry a 0.20% commission, rising to 0.40% for withdrawals in foreign currency above the equivalent of 1,000 BGN.

BULBROKERS Support

Support runs from 09:00 to 17:00 by email at forex@bulbrokers.com and by telephone on +359 2 4893 715. No live chat is offered.

BULBROKERS Pros and Cons

  • A long-established and fully documented Bulgarian legal entity, incorporated in 1997 and wholly owned by a named parent company.
  • Registered as an investment intermediary in an EU member state, with a scope of activity recorded in the official company register.
  • Access to a genuinely broad instrument range through Trader Workstation, beyond the usual forex and CFD offering.
  • The regulator withdrew the firm's right to deal on own account in 2018, and no licence number is published.
  • The public website was not reachable during this review, and no account specifications, spreads or minimum deposit are published.
  • The address published for the brand does not match the registered office in the company register.

BULBROKERS Review and Assessment

BULBROKERS is not an anonymous operation. Behind the brand sits a Bulgarian investment intermediary with a documented corporate history stretching back to 1997, a named parent and paid-up capital, and that separates it clearly from the offshore shells that dominate this part of the market. The reservations are about current standing rather than existence. A regulator decision has already narrowed what the firm may do, the licence itself was not confirmed against the Financial Supervision Commission's register here, and the trading conditions a client would be agreeing to are largely unpublished. Anyone considering an account should establish the firm's current authorisation and its scope with the Financial Supervision Commission directly, and obtain the account terms in writing, before transferring any money.

Regulation check
Checked

Regulatory Licenses

Every licence BULBROKERS has in force is from an offshore regulator. Most carry no compensation scheme — each licence's record says what the issuing regulator actually requires.

1 of 1 checked
Licences on record
1
Confirmed on register
1
Tier 1 or 2
0
Offshore
1

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Financial Supervision Commission РГ-03-0009/14.07.2008

Wikilix read the FSC register on Sep 3, 2026. This is what it said.

Name on the register
Булброкърс ЕАД
Jurisdiction
BulgariaOffshore
Authority strength
Tier 3
Licence type
Financial Service
Register status
Active (in force); the firm has been authorised since 18 June 1997
Effective
Jul 14, 2008
Checked

Checked Sep 3, 2026

What our check found

Bulgaria's national financial regulator under EU MiFID rules; this is a full investment-intermediary (investment firm) licence, with client-asset segregation and Investor Compensation Fund cover. Client protection: MiFID II conduct and client-money rules; Investor Compensation Fund cover up to 90 percent, capped near 40,000 leva (about 20,000 euro).. Effective: 14 Jul 2008.

Client protection under this licence

  • Compensation schemeDepositors’ Compensation Scheme covers up to £50,000 per individual depositor
  • Negative balance protection
  • Complaints routecomplaints handled by regulated entity or Financial Services Ombudsman
  • Maximum leverage1:30

These are the rules FSC sets for the firms it licenses. They are not a statement about how BULBROKERS applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Open the FSC licence recordCheck it on the registerAbout FSC
Deposits & withdrawals

Funding Methods

3 ways to fund an account. 3 with no deposit fee.

3 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank TransferBank Transfer
Funding is accepted in USD, EUR or BGN. No deposit fee is charged by the broker; intermediary bank charges are the client's responsibility.
FreeNot recordedNot recordedNot recordedNot recordedNot recorded
Credit/Debit CardCredit Card
Accepted in USD, EUR or BGN. No deposit fee is charged by the broker; card issuer charges are the client's responsibility.
FreeNot recordedNot recordedNot recordedNot recordedNot recorded
Cash RegisterOther
Over-the-counter cash desk. Withdrawals above 1,000 BGN carry a 0.20% commission; withdrawals in foreign currency carry 0.40% above the equivalent of 1,000 BGN.
Free0.2%Not recordedNot recordedNot recordedNot recorded
Fees, limits and processing times as published by BULBROKERS, recorded by Wikilix.
Trading software

Trading Platforms

One trading platform on record: MetaTrader 4.

1 platform
  • MetaTrader 4 logo

    MetaTrader 4

    Recommended

    by MetaQuotes Software Corp.since 2005Developer site

    MetaTrader 4 carries the broker's forex and CFD offering, with a stated maximum leverage of 1:200.

    Runs on

    • Windows
    • Web
    • Android
    • iOS
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • bulbrokers.bgRegionalActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

One official channel on record.

1 channel
Channels as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

3 legal entities behind the BULBROKERS brand.

3 entities
  • Bulbrokers EADActiveBulgariaRegistration 115152520The operating entity, entered in the Bulgarian Commercial Register under UIC 115152520 with company file 14059/1997. Registered scope of activity covers investment services under the Bulgarian Markets in Financial Instruments Act. Wholly owned by Financia Group AD. Registered capital of 566,100 EUR, fully paid.
  • Financia Group ADActiveBulgariaRegistration 175321311Sole owner of the capital of Bulbrokers EAD, entered in the Bulgarian Commercial Register under UIC 175321311. A consultancy and holding company; its registered scope of activity does not include financial services requiring authorisation.
  • Bulbrokers Consulting EOODActiveBulgariaRegistration 175057308A same-brand affiliate under common ownership with Bulbrokers EAD, entered in the Bulgarian Commercial Register under UIC 175057308 and also wholly owned by Financia Group AD. Its registered scope of activity is corporate consultancy only and carries no authorisation to provide investment services.
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Company registry check
Checked

Company Registration

The operating company is BULBROKERS EAD (БУЛБРОКЪРС ЕАД). Registered in Bulgaria. Registration number 115152520.

Verified on registry
Legal entity
BULBROKERS EAD (БУЛБРОКЪРС ЕАД)
Registration number
115152520
Jurisdiction
Bulgaria
Incorporated
Jan 1, 1997
Registry
Bulgarian Commercial Register (Registry Agency)
Registered address
14 Tsar Osvoboditel Blvd, ground floor, 1000 Sofia, Bulgaria
Frequently Asked Questions

Frequently Asked Questions

Common questions about BULBROKERS

Most Popular Questions

No client money protection arrangement could be established. Bulgarian investment intermediaries are ordinarily within the scope of a national investor compensation arrangement, but whether and how that applies to this firm was not confirmed in this review, and the firm publishes no statement about segregating client funds that we could read.

Not according to its registered permissions. The Bulgarian Commercial Register records a Financial Supervision Commission decision, entered on 28 November 2018, withdrawing the firm's right to deal on own account in financial instruments. Its remaining registered scope covers receiving and transmitting orders, executing orders for clients, portfolio management and investment advice, which is the profile of an intermediary rather than a dealer.

The operating company dates to 1997. Its Bulgarian company file, number 14059/1997, is cited twice in the official register, once on its own record and once in the parent company's filings, which makes roughly 29 years of documented corporate history. Shorter ages circulated for the brand understate it.

By email at forex@bulbrokers.com or by telephone on +359 2 4893 715, between 09:00 and 17:00. There is no live chat. Note that the address circulated for the brand, on Sheinovo Street in Sofia 1504, is not the registered office recorded in the company register, which is bul. Tsar Osvoboditel 14 in Sofia 1000.

This cannot be answered. The firm publishes no restricted-countries list, no accepted-countries list and no registration form that we were able to read, so there is no basis for saying which residents it will or will not onboard. As a Bulgarian investment intermediary its natural market is Bulgaria and the European Union, but that is not a statement of its onboarding policy.

No processing time is published for any withdrawal channel. The funding routes on offer are bank transfer, card and an over-the-counter cash desk, all of which normally settle in days rather than instantly, but the firm commits to no timeframe that we could read.

Accounts are funded in USD, EUR or BGN by bank transfer, credit or debit card, or in cash at a cash register. The firm charges no deposit fee, although bank and card issuer charges fall to the client. Cash register withdrawals above 1,000 BGN carry a 0.20% commission, rising to 0.40% in foreign currency above the equivalent of 1,000 BGN.

Costs are commission-based and depend on the platform. US share trading starts at 0.015 USD per share, and European shares and ETFs start at 0.15% of the trade value. Spreads on the forex and CFD offering are not published, so the full cost of a currency trade cannot be worked out in advance.

Around 25 currency pairs, Bulgarian and international stock indices, and CFDs on MetaTrader 4. Trader Workstation extends this to shares, futures, options and bonds, which is a broader range than most forex-first brokers offer.

Two platforms. MetaTrader 4 carries the forex, index and CFD offering, and Trader Workstation is used for the wider securities range. There is no proprietary platform.

Maximum leverage is 1:200 on the MetaTrader 4 platform. Whether lower caps apply to particular instruments is not published.

The minimum deposit is not published. No figure could be established from any source we were able to read, so anyone considering an account would need to ask the firm directly and get the answer in writing.

Nothing found in this review shows BULBROKERS to be fraudulent, and the company behind it is demonstrably real, incorporated in 1997 with paid-up capital of 566,100 EUR. The problem is current standing rather than existence: the licence could not be confirmed with the regulator, the regulator withdrew part of the firm's permissions in 2018, and the public website was not serving. Treat it as unverified rather than clean.

The operating company is Bulbrokers EAD, UIC 115152520, and its entire capital is held by a single shareholder, Financia Group AD, UIC 175321311. Both companies are registered at bul. Tsar Osvoboditel 14 in Sofia and both appear on the Bulgarian Commercial Register. The board of Bulbrokers EAD is named in the register.

Bulbrokers EAD is recorded in Bulgaria's official company register as an investment intermediary, but its authorisation was not confirmed against the Financial Supervision Commission's own register in this review, so it stands as claimed rather than confirmed. The company register does document a Financial Supervision Commission decision about the firm, which is strong evidence the authority supervises it. No licence number is published anywhere we could read.

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