Overall Score63 / 100The Wikilix trust rating of Euro Finance, out of 100, built from the five factors below.It holds a valid FSC РГ-03-0004/11.07.2008 licence, and our investigation found it appears legitimate.Regulation54%Identity98%Client terms43%Trading offer68%Service65%Score last calculated 2026/10/19
Fair50 to 64. A mixed record: some strengths, some open questions. Read the details before you deposit.Why: It holds a valid FSC РГ-03-0004/11.07.2008 licence, and our investigation found it appears legitimate.
63 out of 100 · 88% checkedThe share of the record we could verify. What we could not check counts as unknown and pulls the score toward the middle, never down.
Do not trust
High risk
Fair
Good
Excellent
It holds a valid FSC РГ-03-0004/11.07.2008 licence, and our investigation found it appears legitimate.
RegulationWhether a financial authority supervises this broker: the licences it holds, whether we verified them on the official register, how strong that regulator is and what protection it gives clients. Worth 35 points of 100.
54Fair
IdentityWho is behind it and for how long: a company registration we verified, years of verified history, how openly it names its entity, address and owners, and whether its website is intact. Worth 15 points.
98Excellent
Client termsHow fair the client agreement is: the risk found in our policy review, the number of critical clauses, withdrawal rules, and whether the terms say the same in every language. Worth 15 points.
43Poor
Trading offerWhat trading costs and how clearly it is disclosed: pricing per account type, the all-in cost of EURUSD, instruments, platforms, leverage against regulated limits and the minimum deposit. Worth 20 points.
68Good
ServiceHow clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
65Good
We checked Euro Finance on 2026-10-19 across its regulation, company record, client terms, trading offer and service, and could verify 88% of its record. Its strongest valid licence is FSC РГ-03-0004/11.07.2008. The score of 63 is what the checked record adds up to; nothing held it down. What would move the score: withdrawal rails, pricing disclosed per account type, all-in eurusd cost. Our published investigation found it appears legitimate, with 32.7 years of track record. Its client terms carry moderate risk, with 3 critical clauses. Trading EURUSD costs about 0.5 pips all-in, spread and commission together.
What Euro Finance legally published, but does not want you to read
Wikilix contract reading ·
Moderate contract risk
Euro Finance is a Bulgarian investment firm licensed by the FSC, and it publishes a full set of legal documents in two languages. Its CFD pages promise protection from a negative balance. Its contract makes you cover that balance and pay <strong>0.1%</strong> of it for every day you are late. You get 3 working days to object to a statement, counted from the moment Euro Finance sends the email. Taking your own cash out at the counter now costs 0.90%, and the deposit page still links to the fee schedule repealed on 15 September 2026.
3Critical clausesClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
21Clauses flaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
15Documents readHow many of the broker’s own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
6.0/10Contract riskHow far this contract goes overall, from 0 to 10. 3 to 5 means real costs a client should know about; 6 to 8 means several clauses put money already earned at risk.
What Wikilix has recorded about Euro Finance: its history, the licences it holds, its trading conditions and its fees.
Euro Finance Broker Overview
Euro Finance is the trading brand of EURO-FINANCE AD, a Bulgarian joint stock company based in Sofia and part of the Eurohold group. The firm dates its business to 1994 and operates as a licensed investment firm rather than a pure CFD shop: alongside contracts for difference and rolling spot forex it provides direct share, ETF and bond dealing on the Bulgarian Stock Exchange and on Deutsche Börse, portfolio and wealth management, investment banking, and distribution of Amundi funds. Trading runs on two platforms, EF MetaTrader 5 for CFDs and EFOCS for exchange-traded instruments.
Euro Finance Regulation and License
EURO-FINANCE AD is licensed as an investment firm by the Bulgarian Financial Supervision Commission. The company publishes the licence on its own and in its contact details as РГ-03-0004/11.07.2008, and its additionally cite FSC Decision No. 81-ИП/01.02.2006 as the authorisation under which it provides investment services in the European Union, the European Economic Area and in third countries. Those terms state that the firm's activities are directly governed by MiFID II and the Bulgarian Law on Markets in Financial Instruments, and are supervised by the Financial Supervision Commission in Sofia. Bulgaria is an EU member state, so this is onshore European regulation rather than an offshore registration.
Is Euro Finance Regulated?
Yes. The licence is a genuine EU investment-firm authorisation and the licence holder is the same company that takes client money, which is the arrangement a client wants to see. One qualification belongs on the record: this research confirmed the licence and its number against the firm's own published documents and a licence certificate, and did not open the Financial Supervision Commission's own register to re-read the entry. A reader who wants that last step can check the number directly with the authority.
Is Euro Finance Safe?
The structural protections are real and unusually concrete for a CFD provider. Client cash and assets are covered by the Bulgarian investor compensation arrangements up to EUR 20,000 per client, as the firm's own deposit page states, and client money is held with UniCredit Bulbank AD and CACEIS Bank Deutschland GmbH rather than in-house. The firm is an authorised broker at the Bulgarian Stock Exchange Sofia AD and a full member of the Frankfurt Stock Exchange, a member of Central Depository AD and an associate member of Eurex Clearing, all of which require standing that a shell operation does not have. Negative balance protection applies to CFD accounts. Against that, the firm publishes its own figure that 64.3% of retail investor accounts lose money trading CFDs with it, which is the ordinary outcome of leveraged trading and not a defect specific to this broker.
Euro Finance Spreads, Commissions and Fees
The CFD offering is marketed with no fees or commissions, and access to EF MetaTrader 5 is provided free of charge, so the cost sits in the spread plus daily overnight financing published per instrument. Target spreads start at 0.5 pips on EUR/USD, with the other majors at 0.5 to 0.7 pips, minors at 1.0 to 3.5 pips and exotics from 10 pips upward. Index CFD spreads range from 30 points on the US 500 to 1,500 on the Hong Kong 50. A full schedule of fees is published among the firm's legal documents.
Euro Finance Leverage
Retail leverage follows ESMA caps and varies by asset class: up to 1:200 on forex, 1:20 to 1:33 on stock indices and 1:2 to 1:5 on cryptocurrencies. Margin call is triggered when required margin reaches 50% of the account balance, and positions may be closed out at 30%.
Euro Finance Trading Platforms
EF MetaTrader 5 carries the CFD and rolling spot forex business on the EuroFinance-MetaTrader 5 server, with builds for web, Windows, macOS, Linux, Android and iOS, plus algorithmic trading, copy trading and VPS hosting. EFOCS is the firm's own platform for exchange-traded shares, ETFs and bonds on the Bulgarian Stock Exchange and Deutsche Börse, available as a web terminal, a Windows application and mobile apps, with live and demo accounts.
Euro Finance Deposits and Withdrawals
Accounts are funded in EUR, USD or GBP. Bank transfer carries no commission from the firm but is accepted only from an account the client holds personally, and cash may be paid in at the Sofia office up to EUR 5,000 per transaction, also free. The online routes cost more: ePay, EasyPay and B-Pay each charge 1.20%, and PayPal 3.40% plus EUR 0.35. Outgoing transfers are made in the account's base currency and any third-party costs are borne by the client. The firm will not send money to a third-party beneficiary.
Euro Finance Support
Support runs on Bulgarian office hours, Monday to Friday 9:00 to 17:30, in Bulgarian and English only, and the firm draws up client documents in those two languages. It publishes direct numbers and mailboxes per department, including a dealing desk, back office and technical support, which is more useful than a single queue. There is no live chat and no 24-hour cover.
Euro Finance Pros and Cons
Pro: onshore EU regulation by the Bulgarian Financial Supervision Commission, held by the same entity that takes deposits.
Pro: investor compensation up to EUR 20,000 and client money held at named third-party banks.
Pro: exchange memberships and a long operating record, not a recently created brand.
Pro: genuine multi-asset reach, with real exchange dealing alongside CFDs.
Con: no published minimum deposit and no account-tier comparison, so entry conditions are not knowable before applying.
Con: support is office hours only and in two languages, with no live chat.
Con: online deposit routes carry 1.20% to 3.40% charges.
Euro Finance Review and Assessment
Euro Finance is an established European investment firm that happens to offer CFDs, which puts it in a different category from the offshore-registered brands that dominate retail forex. The regulatory position, the named operating company, the compensation cover and the exchange memberships all check out. The gaps are commercial transparency rather than integrity: the firm does not publish a minimum deposit or an account comparison, so anyone deciding whether it suits them should confirm the entry threshold and the applicable fee schedule with the firm before signing the intermediation agreement.
Website archive
Captured
Website snapshots
11 full-page captures of Euro Finance's own site, archived so what they said can still be read after the pages change.
Every licence Euro Finance 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 recordEvery licence or registration recorded for this broker, whether the broker claims it or our check found it.
1
Confirmed on registerLicences we located on the issuing regulator's own public register, with a screenshot taken at the time.
1
Tier 1 or 2Licences from tier-1 or tier-2 authorities (FCA, ASIC, CySEC and peers), the strongest client protection. A registration we could not confirm as a licence is not counted.
0
OffshoreLicences from offshore registers, which typically carry no compensation scheme and lighter oversight.
Bulgaria's national financial-markets regulator and an EU/EEA competent authority under MiFID II; it licenses and supervises investment intermediaries, and client money is covered by the Bulgarian Investor Compensation Fund. Client protection: EU/MiFID II authorisation with segregated client assets and Investor Compensation Fund cover. Effective: 18 Dec 1996.
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 Euro Finance 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.
Where Euro Finance says it will and won't take clients
1 country
1
Confirmed blocked
Named in the broker's own terms
USUnited States
How we know — 8 sources
1Site-wide footer risk disclaimer, published on every page including https://eurofinance.bg/en/: 'The information on this site is not directed at residents of the United States, and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.' The United States is the only jurisdiction the broker names, so US is the only confirmed block.
2The same clause also gestures at 'any country or jurisdiction where such distribution or use would be contrary to local law or regulation'. That is a category and not a list of countries, and the broker names no members of it, so no codes were inferred from it.
3Client agreement checked at https://eurofinance.bg/wp-content/uploads/documents/legal-documents/General%20terms%20of%20business.pdf (linked from https://eurofinance.bg/en/legal-documents/). Reached and read. Its opening sections state the firm is licensed to provide investment services in the European Union, the European Economic Area and in third countries, and they contain no restricted-jurisdiction or excluded-residents clause.
4No dedicated countries page exists. https://eurofinance.bg/en/faq/ and https://eurofinance.bg/en/helpdesk/ were reached and hold no restriction list, and the site publishes no /restricted-countries or /accepted-countries path.
5Registration form at https://my.eurofinance.bg/en was reached. Its country field is populated from the generic international dial-code list bundled with the form's phone component (all countries present, from Afghanistan onward), so it applies no onboarding filter and yields no whitelist codes. Recorded here because this location normally outranks the published texts.
6Deposit and payment page at https://payments.eurofinance.bg/en was reached and lists methods, fees and currencies but no country restrictions.
7The regulator-filings location was not used: the operating licence's permitted-territory scope states where the firm may offer services, never which jurisdictions it refuses, so it cannot set a confirmed block.
8Per-language site variants are Bulgarian and English only, which indicates the markets the firm actively serves but is not a restriction statement, so no codes were derived from it.
Deposits & withdrawals
Funding Methods
6 ways to fund an account. 2 with no deposit fee. 5 credit instantly. The costliest way in is PayPal at 3.4%.
6 methods
Method
Deposit fee
Withdrawal fee
Min deposit
Withdrawal min / max
Processing
Bank TransferBank TransferNo commissions are charged by EuroFinance. Transfers are accepted only from a bank account of which the client is the holder, and are processed every working day from 9:00 to 17:30. Client accounts are held with UniCredit Bulbank AD and CACEIS Bank Deutschland GmbH. Any third-party costs on outgoing transfers are borne by the client.
Free
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Not recorded
ePayE-WalletBulgarian online payment service; 1.20% commission on the deposit.
1.2%
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Instant
Cash deposit at the Sofia officeOtherAccepted at 43 Christopher Columbus Blvd., 5th floor, Sofia, every working day from 9:00 to 17:30, up to EUR 5,000 per transaction, with no fee.
Free
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Instant
EasyPayOtherBulgarian cash-payment network; 1.20% commission on the deposit.
1.2%
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Instant
B-Pay (ATM)OtherDeposit via ATM terminals; 1.20% commission on the deposit.
1.2%
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Instant
PayPalE-Wallet3.40% plus EUR 0.35 of the transfer amount.
Offered as EF MetaTrader 5 on the EuroFinance-MetaTrader 5 server for CFD and rolling spot forex trading, with algorithmic trading, copy trading and VPS hosting.
2 domains on record. All active and served over HTTPS.
2 domains
my.eurofinance.bgClient portalActiveHTTPS
payments.eurofinance.bgAPIActiveHTTPS
Social channels
Social Presence
4 official channels on record.
4 channels
Legal entities
Corporate Network
One legal entity behind the Euro Finance brand.
1 entity
EURO-FINANCE ADActiveLicence holderBulgaria·Registration 831136740Holds FSCThe operating investment firm behind the Euro Finance brand, a Bulgarian joint stock company registered in the Commercial Register of the Registry Agency under UIC 831136740 and carrying LEI 5493008YPOF2ZCVQJ061 with entity status ACTIVE. It is a member of the Eurohold group, an authorised broker at the Bulgarian Stock Exchange Sofia AD and at the Frankfurt Stock Exchange of Deutsche Börse, a member of Central Depository AD and an associate member of Eurex Clearing.
Company registry check
Checked
Company Registration
The operating company is ЕВРО-ФИНАНС АД (EURO-FINANCE AD). Registered in Bulgaria. Registration number 831136740.
3 other brokers on the record share what Euro Finance offers — its country, regulator, account types or platforms — set beside it on the same measures.
By phone on +359 700 156 56 or by email at office@eurofinance.bg, Monday to Friday 9:00 to 17:30 Sofia time, in Bulgarian or English. The firm also publishes direct lines and mailboxes per department, including customer service, the dealing desk (dealing@eurofinance.bg), back office (backoffice@eurofinance.bg) and technical support (support@eurofinance.bg). There is a and an , but no live chat and no round-the-clock cover.
Not that it publishes. The firm's special terms for EF MetaTrader 5 state that all positions open at 23:59:59 server time are carried forward subject to overnight financing rates, and it publishes those rates per instrument for both long and short positions. No swap-free variant is advertised anywhere on the site.
The firm dates its business to 1994 on its own About page, and its client portal carries a 1994 to 2026 copyright line. Its current investment-firm licence dates from 2008, it became a full member of the Frankfurt Stock Exchange in 2009, and it entered a partnership with Amundi Asset Management in 2020. That is a long and checkable record by the standards of retail forex.
More than a typical CFD broker. On the CFD side there are 47 forex pairs, precious metals, oil and natural gas, 8 stock index CFDs, US share CFDs and 6 cryptocurrency CFDs. Separately, through EFOCS, there is direct dealing in shares, ETFs and bonds on the Bulgarian Stock Exchange and on Deutsche Börse. The firm also offers portfolio and wealth management, investment banking and Amundi fund distribution.
The firm's licence permits it to provide investment services across the European Union and the European Economic Area and in third countries. The only jurisdiction it names as one it does not address is the United States: its site-wide disclaimer states the information is not directed at US residents. Beyond that it publishes no restricted-country list, and its registration form applies no country filter, so eligibility outside the EU is decided case by case at onboarding. Note that client documents are drawn up in Bulgarian or English only.
Partly, and by a real scheme. The firm's own deposit page states that client assets including cash are guaranteed up to EUR 20,000 per client under the Bulgarian investor compensation arrangements. Client money is also held at named third-party banks rather than by the firm itself. That cover is a genuine protection but it is capped: a balance above EUR 20,000 is not fully protected, and compensation schemes do not cover trading losses.
The firm does not publish a processing time. What it does commit to is that payments leave in the account's base currency on your instruction, that any third-party costs on an outgoing transfer are yours, and that it will not pay out to a third-party beneficiary, so the destination account must be in your own name. It may also refuse a withdrawal that would leave too little in the account to cover margin on open positions. Because no timescale is published, confirm it with the back office before you need the money.
Accounts take EUR, USD or GBP. Bank transfer is free of any charge from the firm but must come from an account you hold yourself, and client funds sit with UniCredit Bulbank AD and CACEIS Bank Deutschland GmbH. Cash can be paid in at the Sofia office up to EUR 5,000 per transaction, also free. Online routes cost more: ePay, EasyPay and B-Pay charge 1.20% each, and PayPal 3.40% plus EUR 0.35.
The CFD offering is marketed with no separate fees or commissions, and platform access is free, so the cost is the spread plus daily overnight financing published per instrument. Target spreads start at 0.5 pips on EUR/USD, with the other majors at 0.5 to 0.7 pips, minors at 1.0 to 3.5 pips and exotics from 10 pips. Index spreads run from 30 points on the US 500 to 1,500 on the Hong Kong 50. A full schedule of fees sits with the firm's .
Two. EF MetaTrader 5 handles CFDs and rolling spot forex on the EuroFinance-MetaTrader 5 server, with builds for web, Windows, macOS, Linux, Android and iOS, and support for automated trading, copy trading and VPS hosting. EFOCS is the firm's own platform for exchange-traded shares, ETFs and bonds on the Bulgarian Stock Exchange and Deutsche Börse, available as a web terminal, a Windows application and mobile apps, with live and demo accounts.
Leverage follows the ESMA retail caps and differs by asset class: up to 1:200 on forex, 1:20 to 1:33 on stock indices, and 1:2 to 1:5 on cryptocurrencies. A margin call is triggered when the required margin for open positions reaches 50% of the account balance, and the firm may close positions without consent at 30%.
The firm does not publish one. Neither its website nor its legal documents state a minimum amount to open or fund an account, and there is no account-tier comparison to read it from. Anyone who needs to know the threshold before applying should ask the firm directly at office@eurofinance.bg or on +359 700 156 56.
No. The evidence points the other way. The operating company is named openly, exists on an authoritative corporate record, holds a real EU investment-firm licence, is an authorised broker at the Bulgarian Stock Exchange and a full member of the Frankfurt Stock Exchange, and holds client money at named third-party banks. Those are commitments a fraudulent operation cannot make. The ordinary risks of leveraged CFD trading still apply, and the firm publishes its own figure that 64.3% of retail accounts lose money.
The operating company is EURO-FINANCE AD, a Bulgarian joint stock company registered in the Commercial Register of the Registry Agency under UIC 831136740, with its seat at 43 Christopher Columbus Blvd., 5th floor, 1592 Sofia. Its own documents and its LEI record confirm the entity is active. The firm's brand mark identifies it as a member of the Eurohold group.
Yes. Euro Finance is the brand of EURO-FINANCE AD, licensed as an investment firm by the Bulgarian Financial Supervision Commission under licence РГ-03-0004/11.07.2008. Bulgaria is an EU member state, so the firm operates under MiFID II and the Bulgarian Law on Markets in Financial Instruments, not under an offshore registration. The licence is held by the same company that takes client deposits.
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