5 Best Forex Brokers in 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 – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝Accepts Bulgarian Traders | 💶 Min. Deposit (BGN) |
| 🥇 AvaTrade | 👉 Click Here | ✅Yes | 181,72 |
| 🥈 Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🥉 FBS | 👉 Click Here | ✅Yes | 9,09 |
| 🏅 eToro | 👉 Click Here | ✅Yes | 18,17 |
| 🎖️ Admirals | 👉 Click Here | ✅Yes | 45,43 |
5 Best Forex Brokers in Bulgaria (2024)
- ☑️ AvaTrade – Overall, the Best Forex Broker in Bulgaria
- ☑️ Interactive Brokers – The Best Forex Broker for Professionals
- ☑️ FBS – Best Forex Broker for Beginners
- ☑️ eToro – Best Forex Broker for Copy Trading
- ☑️ Admirals – Best Overall Offering
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 Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage 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
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. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
The benefits of trading with Interactive Brokers include the accessibility of advanced tools and access to global markets.
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 Deposit | 5 USD |
| 💵 Inactivity Fee | None |
| 🤝 Affiliate Program | ✅Yes |
| 4️⃣ Ease of Use Rating | 4/5 |
| 📐 Trading Instruments | Forex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Minimum deposit - $5 | High leverage may be daunting |
| Leverage of up to 1:3000 | High leverage carries an increased risk of loss |
| Commission-free trading | Lack 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
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 Licenses | CySEC, FCA, ASIC, FSA, FinCEN, FINRA |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:30 |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | $50 USD |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 💰 Fees and Commissions | Spreads from 1 pip |
| 🤝 Affiliate Program | ✅Yes |
| ✖️ Banned Countries | Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria |
| 📈 Scalping | None |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single 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
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 Deposit | 25 USD |
| 🎉Established Year | 2001 |
| ⏰Support Hours | 24/5 |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, Admirals App |
| 📈Account Types | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | No 24/7 customer service |
Our Insights
The benefits of trading with Admirals include Crypto trading and multilingual customer support.
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.
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).
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | FCA, FSCA, FSC, CMA | USD 10 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FSC, FSA, VFSC | USD 10 | Visit Broker |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit 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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Faq
Admirals provides a conventional demo account. Moreover, the account is active for 30 days.
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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