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Bulgaria, a Southeast European country, holds a distinctive position in the global financial markets, being a member of the European Union but not having adopted the euro as its currency.

Instead, it uses the Bulgarian lev (BGN) as its official currency, which is pegged to the euro at a fixed rate.

In terms of retail forex trading activity, the Financial Supervision Commission (FSC) is the primary regulatory body in Bulgaria. Established to oversee and ensure the integrity of the country’s financial markets, the FSC sets the standards and guidelines for forex brokers and protects the interests of Bulgarian traders.

In this article we has carefully evaluated a selection of some of the best forex brokers offering services in Bulgaria.

We have taken several factors into consideration, including:

  • The overall quality of the broker
  • The regulations of the broker
  • BGN account availability
  • Bulgarian language availability
  • Physical presence in the country
Table of Content

What are the best forex brokers in Bulgaria?

Below is our curated list of the best forex brokers for traders living in Bulgaria, with details and information about the country laws, the features, and the characteristics.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

1. eToro : Best social trading platform

  • eToro is well-regulated in the EU by CySEC and is authorized by the Bulgarian FSC.
  • The Bulgarian language is not available on eToro’s website.
  • Bulgarian traders can open an eToro account with a minimum deposit of $50.
  • Bulgarian traders find that USD is the only base currency accepted by eToro. If you use any other currency you will get charged a conversion fee.
  • Spreads from 1 pip on 47 forex pairs with a maximum leverage of 1:30 available to retail clients and 1:400 for pro clients.
  • eToro in Bulgaria allows clients to engage in social and copy trading via eToro’s platform.
76% of retail CFD accounts lose money

2. Trading 212 : Great for beginners

  • Trading 212 is a Bulgarian market maker broker.
  • The broker is regulated in the EU by the CySEC and authorized by the Bulgarian FSC under license number RG-03-0237.
  • Trading212 has a physical office in Sofia, Bulgaria.
  • Bulgarian clients are required by Trading 212 a $10 minimum deposit to open a CFD account.
  • Trading212 allows Bulgarian traders to use USD and EUR as base currencies.
  • Trading 212 in Bulgaria has spreads starting from 0.8 pips on forex and leverage of 1:30 and 1:300 available as a retail or pro client respectively.
83% of retail investor accounts lose money

3. Markets.com : Best for CFD assets

  • Markets.com is regulated by CySEC in Europe and is authorized by the SCF Bulgarian regulator.
  • Markets.com has an office in Sofia, Bulgaria.
  • Markets.com in Bulgaria has a $100 minimum deposit requirement.
  • Bulgarian clients can choose among several base currencies with Markets.com, with EUR, USD, and GBP being available among the others. BGN is not accepted.
  • Spreads in Bulgaria start from 0.6 pips on 50+ forex pairs with a maximum leverage up to 30:1 for retail traders and up to 300:1 for pro traders.
79,90% of retail investor accounts lose money

4. HF Markets : Wide range of trading accounts

  • HF Markets has top regulation in place from CySEC in Europe and it has the authorization from the Bulgarian FSC.
  • HF has a physical office in Bulgaria in the city of Sofia.
  • The HF website is also available in Bulgarian.
  • The HF base currencies Bulgarian clients can open an account with are PLN, EUR and USD.
  • The HF minimum deposit requested in Bulgaria starts from $0.
  • Bulgarian traders have access to HF spreads from 0 on forex with a maximum leverage up to 30:1 (retail) and 400:1 (professional).
70.51% of retail investor accounts lose money

5. XM : Great educational section

  • XM is regulated in the EU by CySEC and authorized by the Bulgarian FSC.
  • XM does not provide the Bulgarian language on the website.
  • Bulgarian clients find a XM minimum deposit of $5.
  • XM accounts in Bulgaria can be opened in, among the others, GBP, CHF, PLN, USD or EUR.
  • Spreads in Bulgaria at XM start from 0 pips and leverage of 1:30 is available for retail traders.
77,37% of retail investor accounts lose money

6. Admirals : Best MetaTrader broker

  • Admirals is well-regulated in the EU by the CySEC and authorized by the Bulgarian FSC.
  • Admirals is very accessible to Bulgarian traders with their website also supporting the local language.
  • Bulgarians can open an account with a minimum deposit of $100.
  • The Admirals base account currencies available in Bulgaria are: BGN, USD, EUR, CHF, GBP and more.
  • Spreads at Admirals start from 0 pips with a Zero account and leverage of up to 1:30 or 1:500.
76% of retail investor accounts lose money

7. IC Markets : Best for algo traders

  • IC Markets has a regulation in place from the CySEC in the EU as well as authorization from the Bulgarian FSC.
  • IC Markets website also supports the Bulgarian language.
  • Bulgarian clients don’t have a minimum deposit requirement.
  • Bulgarian traders find that USD, EUR, GBP are provided as IC Markets base currencies.
  • IC Spreads in Bulgaria start from 0 pips on 60 forex pairs with leverage of 1:30 available to retail clients and 1:500 for pro clients.
74-89% of retail CFD accounts lose money

8. Interactive Brokers : Best for professional traders

  • Interactive Brokers has respected regulation in place in the EU from the Central Bank of Hungary and the Central Bank of Ireland in addition to being authorized by the Bulgarian FSC.
  • Saxo Bank doesn’t allow clients to choose the Bulgarian language on its website.
  • Bulgarians don’t need to adhere to a minimum deposit when opening an IBKR account.
  • Interactive Brokers accepts, among the others, USD, GBP, EUR, PLN, and CZK as base currencies in Bulgaria.
  • Spreads at Interactive Brokers in Bulgaria start from 0.1 pips on 100 forex pairs and max. leverage of up to 1:30 for retail traders, and 1:400 for pro traders.
74-89% of retail CFD accounts lose money

9. IG Markets : Wide range of markets

  • IG Markets is regulated in the EU by BaFin along with being authorized by the Bulgarian FSC.
  • The Bulgarian language is not an option as one of the languages on the IG’s website.
  • The IG minimum deposit requested in Bulgaria is $300.
  • IG accepts USD and EUR account base currencies in Bulgaria.
  • Bulgarians find spreads starting from 0.6 pips on 80+ forex pairs with a max. leverage up to 30:1 (retail) and up to 222:1 (professional).
68% of retail CFD accounts lose money

10. ActivTrades : Great trading tools

  • ActivTrades is regulated in the EU by CySEC and authorized by the Bulgarian FSC regulator.
  • The Bulgarian language can be chosen on the ActivTrades’ website.
  • ActivTrades has a physical office in Sofia, Bulgaria.
  • The ActivTrades minimum deposit in Bulgaria is $500.
  • BGN is not accepted as base currency in Bulgaria, though ActivTrades offers USD, EUR and CHF base currencies.
  • ActivTrades spreads in Bulgaria start from 0.1 pips on 45+ forex pairs with a leverage up to 30:1 (retail) and 400:1 (professional).
75.7% of retail CFD accounts lose money

Is forex trading legal in Bulgaria?

Forex trading is legal in Bulgaria. It is regulated by the Financial Supervision Commission (FSC). A broker who wants to offer services in Bulgaria just needs to be registered within any EU country to become authorized.

How to trade forex in Bulgaria

ESMA regulations mean there is a uniform structure across EU countries for what is required to trade forex. Within the EU a forex broker will require ID such as a passport to confirm your identity, and proof of residence from a bank statement or utility bill.

There are then some KYC questions that must be answered in relation to your product knowledge and also your current financial situation. With these steps complete, accounts are ready to be funded.

Where a broker offers a demo account, the above steps are not required for demo trading. Typically, demo accounts can be open with just an email and password since they are risk-free using virtual currency.

What should Bulgarian traders look for in a forex broker?

As a retail trader in Bulgaria and elsewhere in Europe, there are a few key limitations to note.

  • You cannot trade with more than 1:30 leverage on Forex
  • Spread betting is banned
  • Binary Options are banned
  • Welcome bonuses or deposit bonuses are not allowed but benefits to loyal/active traders are acceptable.

Here are three important tips when choosing a broker in Bulgaria:

1. Look for regulated forex brokers

Ensure you are choosing a well-regulated broker. Under ESMA rules, brokers are not allowed to offer services in any EU country if they are not ESMA regulated.

2. Choose brokers that offer low spreads and commissions

Choosing a broker with low spreads is important for most traders. This means below 1 pip on major forex pairs. Deposit and withdrawal fees if there are any, should also be minimal. Check these with the payment method you plan to use. Furthermore, a broker offering an active trader program with good rebates and other benefits is a positive.

3. If you want to keep your budget low, look for brokers with nano-lots

With a maximum leverage of 30:1 in Europe, it can be challenging to trade with less than €100. For this reason, standard minimum deposits are usually between €100 and €200. Trading with nano lots can provide flexibility and help in lowering risk. You can open positions on forex with just €0.33 and the usual minimum trade is just €33. Cent accounts are another good alternative with minimum deposits usually at €10 or less.

How to verify if a forex broker is regulated in Bulgaria

Broker regulation can be verified in Bulgaria through the ESMA official website. Here you should look for the listing of European national regulators. Many brokers are typically regulated in Cyprus which is also under ESMA. It is most likely that the broker will also hold the Bulgarian FSC license. This can be double-checked through the Financial Supervision Commission (FSC) website.

Is forex trading taxable in Bulgaria?

Forex trading is taxable in Bulgaria. Capital gains are taxed on an annual basis from 1 January to 31 December. Personal income in Bulgaria is taxed at a flat tax rate of 10%. Dividend income is taxed at 5%, and if paid by a Bulgarian company, this is withheld at source.

filippo ucchino

About The Author

Filippo Ucchino
Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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