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TOP FOREX BROKERS REVIEW

THE INTERNET'S MOST COMPREHENSIVE LIST OF ONLINE FOREX BROKERS AND FOREX REVIEWS. 

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Rex John Walsh
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Sangram Mohanta

Last Updated on June 12, 2024 by TOP FOREX BROKERS REVIEW

Best Forex Brokers in Bulgaria 2024

Best Forex Brokers in Bulgaria

With the favorable tax laws, Bulgaria has become a popular destination for forex brokers as well as traders. However, Bulgaria doesn’t have any local brokers. Instead, international regulated brokers operate there. But they don’t have any office either, and they operate offshore. That is why many Bulgarian traders face a dilemma in choosing the best forex broker in Bulgaria.

This article will fix all the dilemmas as we will be discussing choosing the regulated forex brokers in Bulgaria.

Best Forex Brokers in Bulgaria List

RANK VISIT
BROKER
REGULATION

We only list licensed brokers that comply with the requirements of prominent regulatory agencies.

MIN
DEPOSIT

The minimum amount you need to deposit in order to start trading.

DEPOSIT
BONUS
RATING MAX
LEVERAGE

Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 securities, but only pay the equivalent of 1 security valuation. The leverage ratio offered can vary depending on the experience level of the trader.

PAYMENT
SYSTEM
SUPPORT START
TRADING
1
ASIC, CySEC, FSP
$100
No Bonus
1:500

Telephone: +44 28 2544 7780

image
Pros
  • Excellent education tools
  • Low forex fees
  • Fast account opening
  • Easy funding methods
Cons
  • No bonuses
Platforms & Devices
2
FSA, FMA
$0
No Bonus
1:500

Telephone:

image
Pros
  • 9 base currencies
  • 24/7 technical service
  • Direct market access
  • VPS, FIX API, copy trading
  • Superior trading conditions
Cons
  • No negative balance protection
  • Withdrawal fees
Platforms & Devices
3
ASIC, FCA, CySEC, SCB
$100
No Bonus
1:500

Telephone:

image
Pros
  • Fully digital account opening
  • Low forex fees
  • Research tools
  • Free Education Resources
Cons
  • No bonuses
Platforms & Devices
4
CySEC, FSCA, MISA
$25
50% Deposit Bonus
1:1000

Telephone:

image
Pros
  • Ultra-low spreads
  • Quick withdrawals and deposits
  • 24/7 online support
  • Negative balance protection
Cons
  • Mobile copy trading services available only for Android

Platforms & Devices
5
FCA, CySEC, FSCA, SCB
$100
No Bonus
1:100

Telephone: +44 (0) 203 151 5550

image
Pros
  • Excellent customer service
  • Free deposit and withdrawal
  • Negative balance protection
  • Wide range of platform
Cons
  • Inactivity fee
  • High Trading Fees for some CFDs
Platforms & Devices
6
AFSL
$100
No Bonus
1:500

Telephone:

image
Pros
  • All base currencies
  • 24/7 technical service
  • Direct market access
  • Superior trading conditions
Cons
  • No negative balance protection
Platforms & Devices
7
ASIC, CySEC, FSA, SCB
$200
No Bonus
1:500

Telephone: +248 467 19 76

image
Pros
  • Low forex fees
  • Fast order execution
  • Analytical training materials
  • 90+ instruments
Cons
  • Slow live chat support
  • Non-EU traders don’t get investor protection
Platforms & Devices
8
ASIC, CySEC
$1
100%
1:3000

Telephone: +35 7251 23212

image
Pros
  • No withdrawal fee
  • Low stock and stock index CFD fees
  • Negative balance protection
  • No inactivity fee
Cons
  • Average forex CFD fees
  • No PAMM accounts
Platforms & Devices
9
ASIC, CySEC, FSC
$5
Up to $10,500
1:1000

Telephone: +501 223-6696

image
Pros
  • Low withdrawal fees
  • Great educational tools
  • Wide range of leverage
  • Multilingual customer support
Cons
  • Non-EU traders don’t get investor protection
Platforms & Devices
10
ASIC, FCA
$0
No Bonus
1:500

Telephone: +61 2 9965 5830

image
Pros
  • Automatic insurance coverage
  • Low entry threshold
  • Fully digital account opening
  • Low forex fees
Cons
  • Limited research tools
  • Only forex and CFD trading
Platforms & Devices

Is Forex Trading Legal in Bulgaria?

There are no restrictions on forex trading in Bulgaria, and there is no need for a permit or license. However, it is highly essential to choose a reliable and reputable broker to avoid any scams or fraud. The country is a member of the European Union, and its financial markets are regulated by the Financial Supervision Commission (FSC). Forex brokers in Bulgaria should have a regulatory license from any regulations in the EU, and they should comply with strict rules and regulations.

7 Tips to Find the Best Broker in Bulgaria

Some people might be wondering where to find the best forex broker in Bulgaria to help them with their investments. Well, before you get started on the process of finding a broker from the Bulgaria forex brokers list, you should know what these types of brokers do and how they operate. If you are looking for a broker to get help with your investments, read on to get some good tips to help make certain that your broker is the right one for you.

Physical Address

The first thing that you should do is to check for their physical address and make certain that they really are located there. However, it might not be possible for offshore brokers. Therefore, you have to find alternative ways, such as you can contact someone in the broker’s origin and verify. You can also check the different forums, and communities to get enough idea about the broker.

A lot of times, brokers will list an address that simply doesn’t exist, so you want to look into this. You also need to make certain that they have a license. The licenses should be checked out via the regulatory authority the broker is licensed to. This is important because when someone is dealing in investments, you want to know that they have been checked out and are actually supposed to be dealing in these types of things.

Experience

Another thing that you will want to do is look into what kind of experience they have and how long they have been doing this. You will have to be convinced that they have clients before you trust them. You can do this by reading their reviews and looking at what people have to say about them. If a broker does not have any reviews or anything but negative ones, you should move on to the next choice.

When taking reviews from others, you want someone who has experience in this and knows what they are talking about.

Registration

The next thing that you will need to look for is if the broker is registered with any of the financial regulatory authorities. These firms will tell you what kind of background the broker has and make certain that they are doing things properly. If the brokers are regulated by CySEC, FSC, or even FCA, you can pick them without any doubt.

Initial Deposit

You should also check at how much money it takes to start investing with them and how much money it takes to keep investing with them. You should never pay to start investing or to close your account. The broker should charge fees or commissions on your trading. Thus you can stay calm that your money is safe and not at any kind of risk with them.

Investment Type

The type of investment you want to choose is also something that you need to look at as well before choosing a broker. You can do this by checking out their website or asking them what they specialize in. You can also ask what their past experiences have been and how much money someone in your situation could make with them.

Risk Level

The level of risk is also something you need to take into consideration when choosing the best forex brokers Bulgaria. You want to know ahead of time which investment is going to be the safest and which one has the highest chance of making you some good money. You need to be certain that they are not dealing with any kind of risky investments or trading assets.

Fees

The last thing you need to look into is the fees that they charge. This is something that you want to check out ahead of time, and make certain that it won’t end up costing you a lot of money. You will need to make sure that you understand how much it costs to start with them and for how long. This is also something that you may want to talk about with your current broker to get the best service for your money.

Beginners Tips to Trade Forex in Bulgaria

Becoming a successful forex trader is not an easy task; it requires patience, knowledge, and discipline. And for someone who has just started learning about forex trading in Bulgaria, it can be quite a challenge with the amount of information out there. But never fear! We have put together some solid advice to help you navigate the world of forex trading as a beginner in Bulgaria.

Know the Basics

Forex trading Bulgaria is a complex realm that can be scary to navigate. So before even thinking of trading, learn every facet of forex. To do so, visit our forex education page, where you will find a wide variety of articles explaining the principles and basics of this exciting industry to help you understand how it all works. Once you are educated about forex strategy and how currency pairs work, then read up on the forex market news, which can affect your trades in subtle ways.

Improve Your Skills by Reading Up

Once you have a firm grasp of the fundamentals of forex trading, then it is time to learn from more experienced traders on the market. It does not matter where you look for information within the Forex market, so long as you stay focused and allow yourself to absorb their techniques and guidance. With every rise and fall in price, you should be watching over the world of forex with keen eyes. You can learn how they interpret the market, how they make decisions, and what strategies they employ to get an edge over the markets.

Make a Plan

All successful forex traders in Bulgaria have a solid plan in place. They have studied years of data and have made conclusions about patterns that occur time after time. These traders know what information to pay attention to and can therefore react accordingly when a trade opportunity presents itself. Although you will not have that type of experience initially, it is certainly something attainable with dedication and the right amount of guidance.

Watch the language when you’re trading; we recommend modest and easy-to-understand English for beginners.

Self-learning

Read about other people’s plans and determine what you think will be successful for your own plan. Ask questions, discuss strategies with other traders and make a plan that works best for you. Be aware of your strengths and weaknesses, so you know how to best allocate time to activities that will give you the most success.

Final Words

With a variety of Forex brokers and a wide range of opportunities to trade in Bulgaria, you can get success, too if you can choose the best forex broker in Bulgaria. For that, you can follow our tips for choosing the right broker and forex trading.

On top of that, you can also pick from any forex brokers list in Bulgaria.

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