Is FPI a scam?
Wikilix independent safety report
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)
Broker Summary
Summary of the broker
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 About page 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 document library.
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.
Regulatory Licenses
Compliance & oversight
FSCTier 3
Financial Supervision Commission BulgariaTier 3Full 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.
ClaimedOffshore
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.
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.
Account Types
Trading account options
No Account Types
Account type information is not available for this broker yet.
Country availability
Where FPI says it will and won't take clients
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
- 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.
Recorded by WIKILIX research, not published by the broker, and not a guarantee. A country listed nowhere above is not thereby accepted — check FPI's own terms before you open an account.
Funding Methods
Deposit & withdrawal options
No Funding Methods
Funding method information is not available for this broker yet.
Global Domains
Worldwide web presence
No Website Information
Website domains not available for this broker yet.
Social Presence
Digital community engagement
No Social Media Presence
This broker doesn't have active social media accounts
Corporate Network
Enterprise structure & relationships
Focal Point Investments AD ("ФОУКАЛ ПОЙНТ ИНВЕСТМЪНТС" АД)
Registration
121712048
Established
N/A
Company Registration
Legal entity checked against the official company registry
Legal entity
ФОУКАЛ ПОЙНТ ИНВЕСТМЪНТС АД (Focal Point Investments JSC)
Registration number
121712048
Jurisdiction
Bulgaria
Incorporated
2008-02-02
Registry
Bulgarian Commercial Register and Register of Non-Profit Legal Entities (Registry Agency)
Registered address
bul. Todor Aleksandrov 73, Sofia 1303, Vazrazhdane district, Bulgaria
From our latest investigation · Verified Sep 4, 2026
View on official registryWebsite snapshots
How FPI's website looked when we archived it on Sep 4, 2026.

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