Overall Score50 / 100The Wikilix trust rating of FPI, out of 100, built from the five factors below.Our investigation rated it high risk and could not verify it, and the licences it claims have not been checked on any official register.Regulation27%Identity98%Client terms50%Trading offer50%Service69%Score last calculated 2026/10/18
Fair50 to 64. A mixed record: some strengths, some open questions. Read the details before you deposit.Why: Our investigation rated it high risk and could not verify it, and the licences it claims have not been checked on any official register.
50 out of 100 · 61% 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.· Provisional
Do not trust
High risk
Fair
Good
Excellent
Our investigation rated it high risk and could not verify it, and the licences it claims have not been checked on any official register.
Capped at 50 · High risk, unverified
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.
27Poor
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.
50Fair
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.
50Fair
ServiceHow clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
69Good
We checked FPI on 2026-10-18 across its regulation, company record, client terms, trading offer and service, and could verify 61% of its record. It claims 1 licence on its site, but none has been checked on an official register yet. The score was held at 50 because our investigation rated it high risk and could not verify it. The rating stays provisional until a claimed licence is checked on an official register. What would move the score: licence held by the onboarding entity, policy risk, critical clauses. Our published investigation found it is high risk and could not be verified, with 16.8 years of track record. Its client terms have not been reviewed yet.
0%Scam riskScam risk is our overall estimate that this broker is unsafe, from 0% (safe) to 100% (almost certainly a scam). It blends the six risk areas below, weighted by how strong the evidence is. Higher means riskier.
High risk (unverified)Our overall call, based on the evidence we could verify. From safest to worst: Appears legitimate, Insufficient evidence, High risk (unverified), Likely scam, Confirmed scam. A separate "Not a broker" verdict is used when it does not really offer trading.Confidence: MEDIUMHow sure we are of this verdict, based on how much solid, checkable evidence we found. Shown as Low, Medium or High.
2.5/5Safety rating 2.5 out of 5
The Wikilix safety rating, from 1 to 5 stars. It mirrors the scam risk (5 = safest, 1 = riskiest), so a higher risk percentage means fewer stars.
No. Focal Point Investments AD is a genuine, licensed Bulgarian investment intermediary. It is not a scam, and we found no evidence of fraud by this company. It holds a full investment-firm licence (…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation2/10 · LowIs it overseen by a strict, well-known financial regulator? Offshore-only or missing licences score higher.Scored 0 (clean) to 10 (worst). This area is 2/10 (Low).Identity & transparency1/10 · LowHow openly it shows who and where it is (legal entity, address, owners). Hidden details score higher.Scored 0 (clean) to 10 (worst). This area is 1/10 (Low).Withdrawals & conduct1/10 · LowCredible reports of clients being unable to withdraw their money. More such reports score higher.Scored 0 (clean) to 10 (worst). This area is 1/10 (Low).Reputation3/10 · LowWhat independent reviews, regulators and watchdogs say about it. A poor track record scores higher.Scored 0 (clean) to 10 (worst). This area is 3/10 (Low).Website claims2/10 · LowWhether the site claims (awards, years active, licences) actually check out. False claims score higher.Scored 0 (clean) to 10 (worst). This area is 2/10 (Low).Operational history1/10 · LowHow long and how consistently it has genuinely operated. Brand-new or murky history scores higher.Scored 0 (clean) to 10 (worst). This area is 1/10 (Low).
Editorial review
Updated
Broker Summary
What Wikilix has recorded about FPI: its history, the licences it holds, its trading conditions and its fees.
FPI Broker Overview
FPI is the trading identity of Focal Point Investments AD, a Bulgarian investment intermediary based at 73 Todor Aleksandrov Blvd. in Sofia. The company describes itself as a non-bank financial institution operating on the capital market and states that it belongs to the Zenith Investment Holding group. Its business is securities brokerage, portfolio management and investment advice on Bulgarian and foreign markets rather than retail margin trading in currencies or contracts for difference.
FPI Regulation and License
Focal Point Investments AD states on its own that it is a licensed investment intermediary holding licence No RG-03-0156 dated 19 April 2023, issued by the Bulgarian Financial Supervision Commission under Resolution No 1087-IB of 8 November 2006. The licence is presented as covering reception and transmission of orders, execution of orders on behalf of clients, portfolio management, investment advice and the placing of financial instruments without a firm commitment basis, together with a set of ancillary services including safekeeping and administration of client financial instruments.
This is a claim published by the company. It is corroborated by the company's entry in the Bulgarian Commercial Register, whose registered scope of business for UIC 121712048 lists exactly those investment services under the Markets in Financial Instruments Act, but it was not confirmed against the Financial Supervision Commission's own public register in the course of this research.
Is FPI Regulated?
On the evidence available, yes, but as a claimed rather than independently confirmed position. The company names a supervisor, a licence number and an issuing resolution, and its registered corporate purpose is consistent with them. A reader who needs certainty should ask the Financial Supervision Commission to confirm the licence directly before committing funds.
Focal Point Investments AD
The operating company is Focal Point Investments AD, a Bulgarian joint-stock company registered under UIC 121712048 in the Commercial Register kept by the Registry Agency. Its status there is active, its registered office matches the address published on the website, and its company file dates back to 1998. The same entity is recorded under LEI 8945007Z03V9YKM35D18. The brand FPI and the legal company are the same business, which removes a common source of confusion.
Is FPI Safe?
The identity side of the business is unusually clear for a firm of its size: a named joint-stock company, an active registry entry, a paid-in capital of 918,000 euro, a named board and a physical Sofia office that matches the register. The open question is regulatory confirmation, since the licence rests on the company's own publication. There is also no published information about how client money is protected beyond the general regime that applies to a licensed Bulgarian intermediary, so a prospective client should ask for that in writing.
FPI Spreads, Commissions and Fees
Pricing is commission based rather than spread based. For orders on the Bulgarian Stock Exchange the company publishes a commission of 2 percent of turnover with a minimum of 20 BGN for orders up to 99,999.99 BGN, 1.5 percent for orders between 100,000 and 999,999.99 BGN, and a negotiable rate above 1,000,000 BGN. A full tariff of fees and commissions is published in the company's .
FPI Trading Platforms
The company does not offer a retail trading terminal of its own. Orders are worked on the Bulgarian Stock Exchange, which runs on the Deutsche Boerse T7 trading system, and settlement is on a T+2 cycle through the Central Depository. There is no MetaTrader installation, no web trader and no mobile trading application published on the site.
FPI Deposits and Withdrawals
No card, wallet or instant funding channels are advertised. The service is settled through cashless bank transfers via the Central Depository, and account opening is done by downloading an application form, signing it with a qualified electronic signature and returning it by email.
FPI Support
Support is a single office line on +359 2 986 09 11 and the address office@focalpoint.bg, staffed Monday to Friday from 09:00 to 17:30. There is no live chat and no out of hours cover. The site is published in Bulgarian and English.
FPI Pros and Cons
Named, active and verifiable operating company with a registered office that matches its published address.
A supervisor, a licence number and a licensed scope of services are all published rather than merely implied.
Regulatory standing rests on the company's own publication and was not confirmed on the supervisor's register.
No retail trading platform, no leverage products and no online funding methods.
Support is office hours only, through one phone number and one email address.
FPI Review and Assessment
FPI is best understood as a conventional Bulgarian investment intermediary rather than a retail currency broker. Anyone arriving expecting margin trading, leverage or a MetaTrader account will not find one here. For an investor looking for execution and custody on the Bulgarian market, the important step before signing anything is to obtain independent confirmation of licence No RG-03-0156 from the Financial Supervision Commission and to read the published tariff and general terms in full.
Website archive
Captured
Website snapshots
10 full-page captures of FPI's own site, archived so what they said can still be read after the pages change.
Every licence FPI 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.
1
WIKILIX
Licence intelligence
The only licence on file
Licence Verification Record
Financial Supervision CommissionRG-03-0156
Wikilix read the FSC register on Sep 4, 2026. This is what it said.
Active (in force; licensing on record since 2006; scope expanded Nov 2025)
Effective
Apr 19, 2023
Shown on the FPI website
Shown
Checked
Checked Sep 4, 2026
What our check found
Full investment-intermediary (MiFID II) licence from Bulgaria's Financial Supervision Commission, an EU member-state financial regulator. Permits order reception and execution, dealing on own account, portfolio management, investment advice, underwriting and custody of client assets. Client protection: EU MiFID II conduct and client-asset segregation rules; member of the Bulgarian Investor Compensation Fund, which compensates clients up to a legal limit if the firm fails.. Effective: 19 Apr 2023.
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 FPI 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.
No country restrictions on record. We looked and found nothing published — which is not the same as being open to everyone. Check FPI's terms.
How we know — 6 sources
1Terms and Rights of Use (https://www.focalpoint.bg/uslovia-za-polzvane/) was read in full and names no country or residency restriction; it states only that Bulgarian legislation applies to use of the site.
2The company's mandatory-disclosure document library (https://www.focalpoint.bg/dokumenti/), including the general terms applicable to client contracts and the client categorisation rules, publishes no restricted-jurisdiction list.
3No dedicated restricted-countries or accepted-countries page is published anywhere on the site.
4There is no online registration form with a country selector: account opening is done by downloading an application form (https://www.focalpoint.bg/онлайн-заявка/), signing it with a qualified electronic signature and emailing it, so no enforced onboarding country list exists to read.
5The site footer risk disclaimer (https://www.focalpoint.bg/) warns that the services carry risk but does not name any jurisdiction the company will not serve.
6The company publishes Bulgarian and English site variants only; no jurisdiction is named as accepted, so no whitelist entry is warranted.
Legal entities
Corporate Network
One legal entity behind the FPI brand.
1 entity
Focal Point Investments AD ("ФОУКАЛ ПОЙНТ ИНВЕСТМЪНТС" АД)ActiveLicence holderBulgaria·Registration 121712048Holds FSCOperating legal entity, active in the Bulgarian Commercial Register with a company file dating to 1998 and a scope of business covering investment services under the Markets in Financial Instruments Act. Part of the Zenith Investment Holding group.
Company registry check
Checked
Company Registration
The operating company is ФОУКАЛ ПОЙНТ ИНВЕСТМЪНТС АД (Focal Point Investments JSC). Registered in Bulgaria. Registration number 121712048.
Verified on registry
Legal entity
ФОУКАЛ ПОЙНТ ИНВЕСТМЪНТС АД (Focal Point Investments JSC)
Registration number
121712048
Jurisdiction
Bulgaria
Incorporated
Feb 2, 2008
Registry
Bulgarian Commercial Register and Register of Non-Profit Legal Entities (Registry Agency)
Registered address
bul. Todor Aleksandrov 73, Sofia 1303, Vazrazhdane district, Bulgaria
Peer comparison
Brokers worth comparing
2 other brokers on the record share what FPI offers — its country, regulator, account types or platforms — set beside it on the same measures.
This recordBulgaria · since 1998· Focal Point Investments ADWikilix score 29.6RegulationRegulatedFSCMax leverage—Not recordedPlatforms—Not recordedLicences1
The company is authorised to safekeep and administer financial instruments for the account of clients, including custody, and it publishes rules for valuing client assets. Beyond that, no explicit statement about the segregation of client money or about compensation cover appears on the site, so a prospective client should ask for it in writing before funding.
Yes. The carries the tariff of fees and commissions, the general terms applicable to client contracts, the rules for valuing client assets, the client categorisation rules, the order execution policy, the conflict-of-interest policy, the remuneration policy and the personal data notice.
By telephone on +359 2 986 09 11 or by email to office@focalpoint.bg, Monday to Friday between 09:00 and 17:30 Sofia time. The office is at 73 Todor Aleksandrov Blvd., 1303 Sofia. There is no live chat and no out-of-hours service.
The Commercial Register shows a company file dating to 1998 and re-registration into the current register in 2008, and the company's licensing resolution is dated 2006. The website carries a copyright line running from 2009. That is a long operating record by the standards of the sector.
Nothing found points that way. The operating company is named, active in the Bulgarian Commercial Register at the address it publishes, capitalised, and carries a registered corporate purpose covering exactly the investment services it advertises. The one gap is that its licence was not confirmed against the supervisor's own register in this research, which is a reason to verify before funding rather than a sign of fraud.
The company publishes no restricted-countries list and no accepted-countries list, and it operates no online registration form with a country selector, so there is no published statement either way. Since onboarding is manual, the practical answer is whatever the company will accept on a signed contract, and it is worth asking directly.
No cards, e-wallets or crypto channels are advertised. Settlement of securities transactions runs through the Central Depository on a T+2 cycle using cashless transfers only, so money moves by bank transfer. Withdrawal timescales and any transfer fees are governed by the published tariff and general terms rather than by a funding page.
There is no instant online signup. The company publishes an application form for download; a prospective client completes it, signs it with a qualified electronic signature and returns it to office@focalpoint.bg. Account opening therefore involves a manual review rather than an automated onboarding flow.
No leverage figure is published. The company is authorised to grant loans to investors for transactions in financial instruments where it participates in the transaction, which is margin lending in the securities sense rather than a retail leverage ratio, and no terms for it are disclosed on the site.
No minimum deposit or minimum investment amount is published on the company's site. Because the relationship is opened by signed client contract rather than by an online funding page, the practical minimum is a matter for the contract and should be asked about before signing.
Pricing is commission based. For Bulgarian Stock Exchange orders the company publishes 2 percent of turnover with a minimum of 20 BGN for orders up to 99,999.99 BGN, 1.5 percent for orders between 100,000 and 999,999.99 BGN, and a negotiable rate above 1,000,000 BGN. The complete tariff of fees and commissions is published in the company's .
The company does not publish a trading terminal of its own. Orders are executed on the Bulgarian Stock Exchange, which runs on the Deutsche Boerse T7 trading system, with settlement on a T+2 cycle through the Central Depository. There is no MetaTrader, no web trader and no mobile app.
No. The published business is securities brokerage on the Bulgarian and foreign markets, portfolio management, investment advice and the placing of financial instruments. Foreign exchange appears only as an ancillary service connected to those investment services. There is no leveraged retail currency or contracts-for-difference offering advertised anywhere on the company's site.
The operator is Focal Point Investments AD, a Bulgarian joint-stock company registered under UIC 121712048 at 73 Todor Aleksandrov Blvd., Vazrazhdane district, 1303 Sofia. Its Commercial Register entry shows it active with a board of directors and paid-in capital of 918,000 euro. The company states that it forms part of the Zenith Investment Holding group.
Focal Point Investments AD publishes licence No RG-03-0156, dated 19 April 2023 and issued by the Bulgarian Financial Supervision Commission under Resolution No 1087-IB of 8 November 2006, on its own . That claim is consistent with the company's registered scope of business in the Bulgarian Commercial Register, which lists investment services under the Markets in Financial Instruments Act. It was not independently confirmed on the supervisor's own register in this research, so treat it as published and corroborated rather than verified.
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