BULBROKERS

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.