FSC licence РГ-03-0238

The company publishes no list of accepted or restricted countries, and it has no online registration form, so there is no country selector that would reveal which residencies it onboards. Its offering, its office and its market focus are Bulgarian, and it says clients may correspond in Bulgarian, English, French, German, Hungarian or Russian. Eligibility has to be confirmed with the company directly.

This is not published. The company states no withdrawal processing time anywhere on its website, and its withdrawal terms sit inside its Bulgarian-language General Terms rather than on a public page. Getting the withdrawal timetable in writing before depositing is a reasonable precaution with any firm that does not publish it.

The company publishes no deposit or withdrawal information at all: no payment methods, no fees, no processing times and no limits, and it has no funding or payments page. Funding is evidently arranged through the client relationship rather than documented publicly, so the terms on which money can be paid in and taken out are not knowable before contacting the firm.

None is named. The company describes its services in terms of markets and instruments rather than software, and publishes no platform section, no web terminal and no download links. It does operate an access-controlled client login area, and it says online messaging is available for contacting support.

No maximum leverage is published. The site confirms that margin foreign exchange trading and margin contracts for difference are offered, but states no leverage ratio for any instrument or account. As a Bulgarian investment firm it would fall within European retail leverage limits, but since the company publishes no figure of its own, none is stated here.

DE NOVO offers a wider instrument range than a typical retail forex broker. Its own services pages list shares on the Bulgarian Stock Exchange in Sofia, on the Frankfurt Stock Exchange and XETRA and on international markets, mutual fund and exchange traded fund units, corporate bonds including the Eurobond market, Bulgarian government bonds on both the primary and secondary markets, exchange traded options on XETRA, contracts for difference on shares and commodities, and both standard and margin foreign exchange trading.

The company publishes a Schedule of Fees and Commissions, most recently updated on 1 August 2025 to reflect the introduction of the euro in Bulgaria, but only as a Bulgarian-language document. No spreads, commissions or financing charges are stated in English on any page, so the cost of trading cannot be established from the English site alone.

The company does not publish a minimum deposit. No figure appears anywhere on its website, and its account-opening terms are set out only in its Bulgarian-language General Terms. Anyone considering an account should ask the company directly for the minimum in writing before committing funds.

Since 12 January 2012, which is the first entry date on its Bulgarian Commercial Register record, giving it a fourteen year operating history. That is corroborated by the company's own site, which carries a 2012 copyright line and publishes annual reports for every year from 2012 through 2025.

Nothing found in this assessment supports calling DE NOVO a scam. The company is a real, named, active Bulgarian legal entity that has been on the national commercial register since January 2012, files annual reports every year, and publishes a live corporate events service for the Bulgarian market. The genuine criticism is disclosure rather than legitimacy: the site does not publish a licence number, any trading conditions, or any funding terms, and three of its own legal pages are unfinished.

The operating company is Де Ново EAD, a Bulgarian sole owner joint-stock company with unified identification code 201850473, registered at 28 Hristo Belchev Street, 1000 Sofia. Its entire capital is held by ДЕ НОВО ПАРТНЕРС AD, UIC 203975034, a Bulgarian holding and consultancy company at the same address. The operating company's board of directors comprises Йордан Дамянов Попов, Петър Николов Манов and Христо Иванов Братинов.

DE NOVO states on its own About Us page that its activity is directly supervised by the Financial Supervision Commission and governed by the Markets in Financial Instruments Act and FSC Ordinance No.38 on the activity of investment intermediaries. The Bulgarian Commercial Register independently records the operating entity under special conditions as an investment intermediary, which corroborates that framing. The claim is nonetheless unconfirmed in one important respect: the company publishes no licence number, so the authorisation itself was not checked against the supervisor's own records for this profile.