FSCBulgariaTier 3Licence number
РГ-03-0009/14.07.2008
View licence record- Licence holder
- Held by Булброкърс ЕАД
- BULBROKERS
- Licence type and regime
- Financial Service
- Offshore
Not checkedChecked
At a glance
Regulation on record for BULBROKERS
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 0
- Found on an official register
- 1
BULBROKERS has one licence on record with Wikilix, issued by one authority across one jurisdiction. None was issued by a tier-1 or tier-2 authority. We located 1 of 1 on the issuing authority’s own register.
One licence comes from an authority classed as offshore. An offshore regime can be a legitimate registration, but it typically carries lower capital requirements and no compensation scheme.
The registers print these licences under Булброкърс ЕАД. Searching a register for the trading brand alone may return nothing — use the name above.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for BULBROKERS, strongest authority first.
1 record
- FSCBulgariaTier 3
Check it yourself
Look these up on the official registers
Each authority below publishes a register you can search. The name a register prints is often a separate legal entity, not the trading brand — search for the name given here.
- FSC registerOpen register
Protection
What this licence protects
FSC's own rules for the firms it authorises.
- 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
Frequently Asked Questions
Questions about the licences held by BULBROKERS
Answered from the register entries on this page.
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 has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
BULBROKERS holds licence records issued by FSC. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
None of the licence records held by BULBROKERS comes from a tier-1 or tier-2 authority.
We located 1 of the 1 licence records held by BULBROKERS on the issuing authority’s own register. Every entry has been looked up. An unchecked entry is a gap in our coverage, not a finding against the licence.
The registers print them under Булброкърс ЕАД. A licence is often held by a subsidiary rather than the trading brand, which is why searching a register for the brand name alone can return nothing.
BULBROKERS has licence records in Bulgaria. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.