Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
2/10 · LowFull MiFID investment-intermediary licence (RG-03-0156) from Bulgaria's FSC, an EU member-state regulator, verified on the regulator's own register and active with scope expanded Nov 2025; Investor Compensation Fund member.
Identity & transparency
1/10 · LowNamed entity, UIC and LEI, named board of directors, disclosed paid-in capital, and a registered seat that matches across the FSC register, the Commercial Register and the website; the firm even publishes its only office and bank accounts.
Withdrawals & conduct
1/10 · LowNo fund-integrity complaints found against the licensed firm; it holds client assets under MiFID custody rules with Investor Compensation Fund backing.
Reputation
3/10 · LowNo warning-list hits and an established Stock Exchange member, but with historical FSC administrative penalties (2019-2020) and an ongoing third-party impersonation scam using its brand.
Website claims
2/10 · LowSite claims (licence number, since 2009, services) match the FSC register, Commercial Register and archive; risk disclosures present and no fake awards or guaranteed-profit language.
Operational history
1/10 · LowVerified operating history: company incorporated 2008 (file to 1998 as Euro Garant AD), domain online since 2009, continuously FSC-licensed.
Who they are
A quick desk file on the company behind the brand.
- Brand: Focal Point (FPI)
- Legal entity: Focal Point Investments AD (ФОУКАЛ ПОЙНТ ИНВЕСТМЪНТС АД), formerly Euro Garant AD
- Registered: UIC 121712048, seat at bul. Todor Aleksandrov 73, Sofia 1303, Bulgaria
- Website: focalpoint.bg
- Only licence: Bulgarian Financial Supervision Commission, investment intermediary No RG-03-0156 (full MiFID scope)
- Group: presented on its own site as part of the Zenith Investment Holding group (an industry listing also links it to the FairPlay International group)
- Offers: buying and selling shares, bonds, ETFs and warrants on the Bulgarian Stock Exchange; order execution, portfolio management, investment advice and underwriting
- Age claim: since 2009, which matches the domain and company records
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Financial Supervision Commission (Комисия за финансов надзор), Bulgaria
Why we reached this verdict
How the evidence adds up.
The evidence points clearly to a real, supervised financial firm.
- Its licence number RG-03-0156 resolves on the Financial Supervision Commission's own register to this exact company, at the same address, email and phone shown on its website.
- The regulator actively supervises it. The FSC widened the firm's licence scope in November 2025, and the register also records past supervisory penalties, which only real, operating firms receive.
- The Bulgarian Commercial Register confirms the company, its named board (Angel Dikov, Todor Todorov, Ivelina Vasileva), its euro-denominated paid-in capital of 918,000 euro, and a company file dating back to 1998.
- It belongs to the Investor Compensation Fund, the national scheme that protects client money and securities up to a legal limit.
- No warning list (Bulgarian FSC, ESMA or IOSCO) names this company or its website, and we found no fund-integrity complaints against the licensed firm.
Risk-profile adjustment: the evidence-based score was 16%. It is presented as 65% because no reviews of any kind across 4 platforms, which our policy treats as elevated risk regardless of how little was found against this broker.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Focal Point Investments AD is listed on the Bulgarian Financial Supervision Commission's own public register of investment intermediaries (entry 2063), UIC 121712048, LEI 8945007Z03V9YKM35D18, with seat, email and phone matching the website; the FSC widened the firm's licence scope in November 2025.
E2The Bulgarian Commercial Register confirms UIC 121712048, current name Focal Point Investments AD (formerly Euro Garant AD, company file 9246/1998), full MiFID investment-services scope, a named board of directors, and paid-in capital of 918,000 euro.
E3The company's own website presents licence No RG-03-0156 and describes itself as a Bulgarian Stock Exchange investment intermediary offering order execution, portfolio management, advice and underwriting; the licence number matches the FSC register.
ModerateFocal Point Investments websiteE4The FSC register records administrative penalties against the firm in 2019 and 2020 for conduct and record-keeping breaches under the Markets in Financial Instruments Act, including a penal decree of 35,000 leva. These are historical and do not concern client withdrawals.
E5Focal Point Investments publishes a public notice that fraudsters misuse its name (naming entities such as EF PI Brokers EOOD), states its only office and two bank accounts, says it does not run aggressive marketing, and has reported the matter to authorities.
E6The Bulgarian Association of Licensed Investment Intermediaries lists Focal Point Investments JSC as a member holding licence RG-03-0156 and a member of the Bulgarian Stock Exchange, Central Depository and Investor Compensation Fund.
E7The website focalpoint.bg has been captured online since November 2009, consistent with the company's stated history and its 2008 incorporation.
E8Focal Point Investments does not appear on the FSC's list of companies that are not licensed as investment intermediaries, and searches of ESMA and IOSCO returned no warning naming the firm or its website.
The other side
The strongest case in this broker’s favour.
In fairness, a careful investor should weigh these points.
- The regulator issued administrative penalties against the firm in 2019 and 2020 for conduct and record-keeping breaches under the Markets in Financial Instruments Act, including a penal decree of 35,000 leva (about 17,900 euro). These are old, do not concern client money, and the firm remains in good standing with an expanded licence.
- This is an institutional and local-market broker, so it has almost no consumer review footprint. Absence of reviews is not proof of anything on its own, and here it is outweighed by extensive official records.
- Fraudsters actively use the Focal Point name to approach people. Victims of those fake operations may wrongly blame the licensed firm. The impersonation is a real consumer risk, even though the licensed company is not behind it.
- The firm names its parent group inconsistently across sources (Zenith Investment Holding on its own site, FairPlay International in an industry listing), a minor transparency gap.
What would change this
What we would need to see to revise the verdict.
We would revisit this assessment if any of the following appeared.
- The Financial Supervision Commission suspends, withdraws or lapses licence RG-03-0156, or adds the company to a warning list.
- Credible, specific reports emerge that the licensed firm itself refused or reversed client withdrawals, or demanded extra payments to release funds.
- The company's registration is struck off, or its entry disappears from the FSC register.
- Evidence shows the licensed company is operating the impersonation scheme rather than being its target.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FSC public register (investment intermediaries)
The regulator's own entry for Focal Point Investments AD, licence RG-03-0156
Bulgarian Commercial Register
Company record: UIC 121712048, board, capital and MiFID scope
Company fraud warning
The firm's own notice about impersonators and its only office and bank accounts
BALII member profile
Industry association listing: licence and Investor Compensation Fund membership
FSC list of unlicensed companies
Focal Point is not on this warning list of unlicensed entities
Company website
Official site of the licensed firm
Frequently asked questions
Quick answers about this broker’s safety.
Is Focal Point Investments a scam?
No. Focal Point Investments AD is a licensed Bulgarian investment intermediary with a genuine licence (No RG-03-0156) from the Financial Supervision Commission, confirmed on the regulator's own register. We found no evidence it is a scam. Be aware that fraudsters impersonate the brand, so make sure you are dealing with the real company.
Is Focal Point Investments a fraud?
We found no evidence of fraud by this company: no regulator warning, no enforcement action for fraud, and no fraud-related court record naming it. It is a supervised firm on the Bulgarian FSC register. Separately, criminals do use its name to defraud people, which is a different operation run by others.
Is Focal Point Investments regulated?
Yes. It is licensed by the Bulgarian Financial Supervision Commission as an investment intermediary with full MiFID scope. Bulgaria is an EU member state, so the firm follows EU investment rules. The licence, No RG-03-0156, appears on the FSC public register.
Can I withdraw my money from Focal Point Investments?
We found no credible reports of the licensed firm blocking withdrawals. As a regulated MiFID intermediary it must keep client assets separate and is a member of the Investor Compensation Fund. If you cannot withdraw from something using the Focal Point name, check first whether you are actually dealing with the licensed company or with an impersonator.
Is my money safe with Focal Point Investments?
The licensed firm is a member of the Bulgarian Investor Compensation Fund, which protects client cash and securities up to a legal limit if a member firm fails, and client assets must be segregated under MiFID rules. No investment is risk-free and trading can lose money, but this is a supervised firm, not an unregulated one.
Who owns Focal Point Investments?
It is a Bulgarian joint-stock company (UIC 121712048) with a named board of directors and executive management listed in the Commercial Register. Its own website presents it as part of the Zenith Investment Holding group, and an industry listing also links it to the FairPlay International group.
How old is Focal Point Investments?
The company was incorporated in 2008, and its corporate file traces back to 1998 under the former name Euro Garant AD. Its website has operated since 2009. That is well over fifteen years of history.
What is licence RG-03-0156 and is it worth anything?
It is a full investment-intermediary licence issued by the Bulgarian Financial Supervision Commission, an EU member-state regulator. It permits order execution, dealing, portfolio management, investment advice and underwriting, and comes with Investor Compensation Fund coverage. It is a genuine, meaningful licence, not an offshore registration.
Is Focal Point Investments a clone, or is someone impersonating it?
The licensed company at focalpoint.bg is the genuine firm, not a clone. However, the company has published a public warning that fraudsters use its name and set up look-alike operations. Always confirm you are on the official site and using the company's own bank accounts.
What should I do if someone contacted me claiming to be Focal Point Investments?
Slow down and verify. The real firm says it does not run aggressive marketing or cold-calling campaigns and accepts money only into its own named bank accounts. Check the caller against the details on focalpoint.bg and the FSC register. If it does not match, treat it as a scam and report it to the Financial Supervision Commission.
What should I check before investing with any Bulgarian broker?
Confirm the licence on the Financial Supervision Commission register, match the company name, address and bank details to the official ones, check for any warning-list entries, and be wary of promises of guaranteed or quick profits. For Focal Point, the licence, the company registration and the compensation-fund membership all check out.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since September 4, 2026
- September 4, 2026CurrentHigh risk (unverified)65% risk
- September 4, 2026High risk (unverified)65% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
For anyone considering this firm, or contacted by someone using its name:
- Deal only with the genuine company through its official site focalpoint.bg and its Sofia office, and confirm any bank details against the ones the company itself publishes.
- Check the licence yourself on the Financial Supervision Commission register before sending money or signing anything.
- Be very cautious with anyone who phones or messages you offering trading or investments in the Focal Point name, promises quick or guaranteed profits, or asks you to pay into other accounts. The company says it does not run aggressive marketing campaigns.
- If you were approached by a fake operation using this brand, report it to the Financial Supervision Commission and the local police.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 4, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.