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5 Best Forex Brokers in Bulgaria

Last Update: June 26th, 2024

Forex Brokers Bulgaria

The 5 Best Forex Brokers in Bulgaria – Rate and Reviewed.  We have listed the Best Forex Brokers accepting Traders in Bulgaria.

 

In the in-depth guide, you will learn:

  • The Best Forex Brokers in Bulgaria – a List
  • Is Forex Trading Legal in Bulgaria?
  • Which European country is Best for Forex?
  • Is Bitcoin Legal in Bulgaria?
  • How can I Buy/Trade Bitcoin in Bulgaria?
  • The Best MT4/MT5 Forex Brokers
  • Top Forex Brokers for Beginners

and much, MUCH more!

 

5 Best Forex Brokers in Bulgaria

 

5 Best Forex Brokers in Bulgaria – a Comparison

🔎 Broker🚀Open an Account🤝Accepts Bulgarian Traders💶 Min. Deposit (BGN)
🥇 AvaTrade👉 Click Here✅Yes181,72
🥈 Interactive Brokers👉 Click Here✅YesNone
🥉 FBS👉 Click Here✅Yes9,09
🏅 eToro👉 Click Here✅Yes18,17
🎖️ Admirals👉 Click Here✅Yes45,43

 

5 Best Forex Brokers in Bulgaria (2024)

  1. ☑️ AvaTrade – Overall, the Best Forex Broker in Bulgaria
  2. ☑️ Interactive Brokers –  The Best Forex Broker for Professionals
  3. ☑️ FBS – Best Forex Broker for Beginners
  4. ☑️ eToro – Best Forex Broker for Copy Trading
  5. ☑️ Admirals  – Best Overall Offering

 

AvaTrade Review New

 

AvaTrade

AvaTrade is a trustworthy and highly regulated Forex Broker. The Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, and,  IIROC regulate it. Accounts offered are Retail, Islamic, and,  Professional. The minimum deposit is 100 USD. Base Currencies accepted include ZAR, USD, GBP, and, AUD.

Trading Platforms offered are AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade.

🔎 Broker🥇 AvaTrade
💴 Minimum Deposit100 USD
🖱️ Account TypesRetail, Islamic, Professional
🪙 Base CurrenciesZAR, USD, GBP, AUD
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes, referral bonus
⏰ Support Hours24/5
💵 Currency Pairs51; Major, Minor, Exotic Pairs
🤝 Affiliate Program✅ Yes
🚀 Open an Account
👉 Click Here

 

AvaTrade Overview

 

Pros and Cons

✅ Pros❌ Cons
Over 1,260 instrumentsInactivity fees on dormant accounts
Fixed spreads from 0.6 pips on the Pro AccountThe demo account is available for 21 days
Islamic AccountDeposit and withdrawal options are limited
There is a free demo account availableLeverage is capped at 1:30 for retail accounts

 

Our Insights

The benefits of trading with AvaTrade include high levels of security, excellent educational resources, and, multilingual customer Support.

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers is a trusted and well-established Forex Broker governed by Nine Tier-1 Regulators. The IBKR Lite and IBKR Pro accounts are integrated with the IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact.

No minimum deposit is required. Moreover, Scalping and Hedging are allowed.

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5 None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers Overview

 

Pros and Cons

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

The benefits of trading with Interactive Brokers include the accessibility of advanced tools and access to global markets.

 

FBS Review

 

FBS

FBS is a trustworthy and highly regulated Forex Broker. IFSC, CySEC, ASIC, and, the FSCA regulate it. Accounts offered are Retail/Standard, Islamic, and, Demo. Trading Platforms include MetaTrader 4, MetaTrader 5, and a proprietary Mobile Trading App.

The minimum deposit is 5 USD. Spreads start from 0.7 Pips and a leverage of up to 1:3000 is offered. Moreover, an inactivity fee is not charged.

🔎 Broker🥇 FBS
💴 Minimum Deposit5 USD
💵 Inactivity FeeNone
🤝 Affiliate Program✅Yes
4️⃣ Ease of Use Rating4/5
📐 Trading InstrumentsForex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs
🚀 Open an Account
👉 Click Here

 

FBS Review

 

Pros and Cons

✅Pros❌Cons
Minimum deposit - $5High leverage may be daunting
Leverage of up to 1:3000High leverage carries an increased risk of loss
Commission-free tradingLack of fixed spread options

 

Our Insights

The Benefits of trading with FBS include Commission Free Trading, access to an Affiliate Program, and, Multilingual Customer Support.

 

eToro Review

 

eToro

eToro is a highly regulated and Popular broker choice. CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, SIPC regulate it. A Standard Retail Account and Proprietary Trading Platform is offered. Furthermore, The minimum deposit is 10 USD.

Moreover, Spreads start from 1 Pip EUR/USD and a leverage of up to 1:400 is offered. In addition, customer support is provided 24/5.

🔎 Broker🥇 eToro
📈 Regulation and LicensesCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:400 (eToro Seychelles Ltd)
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum DepositFrom 10 USD (US)
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
💰 Fees and CommissionsSpreads from 1 pip, zero commission fees
🤝 Affiliate Program✅Yes
✖️ Banned CountriesCanada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria
📈 ScalpingNone
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Pros and Cons

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle base currency

 

Our Insights

The Benefits of trading with eToro include Copy Trading. Moreover, Copy Trading can be tested via the Demo Account Option.

 

Admirals Review

 

Admirals

Admirals is a well-established and Powerful Forex and CFD Brokerage. Moreover, the FCA, ASIC, CySEC, JSC, FSCA, FSA, and, the CMA regulate it. Accounts offered are Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, and, Bets.MT5. The minimum deposit is 25 USD.

Trading Platforms include MetaTrader 4, MetaTrader 5, and, a Proprietary Mobile Trading Platform. Additionally, Spreads start from 0.0 Pips with a Leverage of up to 1:1000.

🔎Broker🥇Admirals
💴Minimum Deposit25 USD
🎉Established Year2001
⏰Support Hours24/5
💻Trading PlatformsMetaTrader 4, MetaTrader 5, Admirals App
📈Account TypesTrade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5
🚀 Open an Account
👉 Click Here

 

Admirals

 

Pros and Cons

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalNo 24/7 customer service

 

Our Insights

The benefits of trading with Admirals include Crypto trading and multilingual customer support.

 

Forex in Bulgaria

 

Is Bitcoin legal in Bulgaria?

Bitcoin is Legal in Bulgaria. Moreover, Bitcoin and other cryptocurrencies are legal to hold and trade. Furthermore, It must be noted that the sale of virtual currencies in Bulgaria, is subject to Tax.

 

Is Bitcoin legal in Bulgaria?

 

In Conclusion

The popularity of Forex Trading in Bulgaria has seen a notable rise. Moreover, it is available without restriction and regulated by the Financial Supervision Commission (FSC).

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

Our Insights

While reviewing the Best Forex Brokers that accept Bulgarian Traders, we found 5 excellent options. Moreover, each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Furthermore, finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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FAQs

Admirals provides a conventional demo account. Moreover, the account is active for 30 days.

eToro does allow Hedging. However, Scalping is not provided.

FBS does not charge an inactivity fee on dormant accounts.

The interactive Brokers Website is available in English, Spanish, Portuguese, and, Chinese.

AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and,  ZuluTrade.

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