Forex Brokers Based in Bulgaria

Seven brokers WIKILIX tracks are headquartered in Bulgaria, and they have less in common than a shared address suggests. One holds four tier-1 licences from across Europe. Two carry no regulation at all. This page lists all seven, ordered by overall score, and it is about where these firms are registered, not about which of them will accept you as a client.

What a Bulgarian address does and does not tell you

Bulgaria has been an EU member since 2007, and the authority that licenses investment firms there is the Financial Supervision Commission. A firm the FSC authorises operates under MiFID II, the same investor-protection framework that governs brokers in Cyprus, Malta and Germany. Being registered in Sofia is a separate fact from being licensed there. A company can incorporate in Bulgaria and answer to a regulator on the other side of the world, or to none. Telling those two apart is the whole job of this list.

The licence rarely matches the address

Only three of the seven record a licence that fits their Bulgarian home. DeltaStock, trading since 1998, is the firm most people mean by a Bulgarian broker, and it records an FSC entry, though WIKILIX currently marks its status as exceeded. D Bank also records the FSC. FXMERIDIAN pairs an FSC entry with a Vanuatu VFSC licence and carries an offshore flag. The highest-scoring firm on the page, BenchMark at 57.3, sits apart from all of them: its file lists the FCA, BaFin, France's AMF and Spain's CNMV, four tier-1 authorities, and no Bulgarian regulator. TP Global and Z Forex run on MISA, a tier-4 authority in the Comoros, while UP TREND, open since 1997, records no regulator on file.

Who you will not find here

Search for a Bulgarian forex broker and most of what comes back is international firms that accept Bulgarian clients, not companies based in the country. A platform the FSC lets passport into Bulgaria, or one running a Sofia support desk, is headquartered elsewhere and is not on this list. Neither are the large offshore brands that market to Bulgarian traders from Cyprus or Saint Vincent. What remains is the stricter set: the firms whose registered office is in Bulgaria itself, whatever their licence says.

How the seven compare

The group is small and uneven. Scores run from 17 to 57.3, with a median of 28.3. Three firms opened before 2010, and UP TREND, from 1997, is the oldest, while Z Forex, registered in 2023, is the newest. Only BenchMark holds a tier-1 licence, and just two firms hold two or more authorisations of any kind. Four carry a status a reader should weigh before depositing: two flagged for no regulation, one offshore, one exceeded. Recorded maximum leverage runs from 1:100 at UP TREND to 1:1000 at Z Forex, a spread that hints at how differently these firms are supervised.

Before you open an account with a Bulgaria-registered firm

• Check the licence, not the address. A Sofia registration tells you where a company files its paperwork, not who supervises your money.
• Where a firm records the Financial Supervision Commission, look up its licence number on the FSC's public register and confirm the licence covers the service you want.
• Where the licence is foreign, as with BenchMark's FCA and BaFin entries, your protection runs through that regulator and its compensation scheme, not a Bulgarian one.
• Treat a MISA or VFSC licence, the kind TP Global, Z Forex and FXMERIDIAN carry, as offshore authorisation with far lighter oversight than an EU licence.
• Confirm the firm will take you on from your own country before you deposit. A Bulgarian address answers none of that.