Last update: 4 April 2020
5 min read

Trusted BFSC Regulated Forex Brokers

Forex trading is becoming an increasingly popular form of investment. What was once the investment choice for banks and large organizations is now possible for the average man or woman. There are an increasing number of Bulgarians looking to participate and this is resulting in a number of new Forex brokers in Bulgaria.

Forex trading in Bulgaria and BFSC regulated brokers

Bulgarian financial regulator logoBulgaria hasn’t been a member of the European Union for very long, and only became a full member in 2007, when it joined along with its neighbor, Romania. Forex services in Bulgaria, are regulated by the Bulgarian Financial Supervision Commission. This regulatory body is responsible for awarding licenses to Forex brokers and other financial service providers and ensuring all the relevant regulations are followed. Those of you looking to trade Forex in Bulgaria are also going to be interested in a European Directive known as MiFID. Countries in the European Economic Area are obligated to follow the Markets in Financial Instruments Directive with respect to financial services. This Directive sets out minimum standards of regulation which are required by EU regulators. The idea behind the Directive is that all countries are equal and no one has an unfair advantage. It enables Bulgarian brokers to offer their services in other countries of the European Economic Area.

Best and most trusted forex brokers in July 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
300,000+ Traders
Min. Deposit
$10
Bonus
100%
Help!
Loyalty deposit bonus Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Bitcoin
Min. Spread
0.4pips
Max. Leverage
1:500
Currency Pairs
60+
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5

Best and most trusted forex brokers in July 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
92.5
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$0
Bonus
30%
Help!
Applies to deposits over $100 (Limited time offer) Exit tooltip
Trading Instruments
60+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit cards, Bank Wire, E-Wallets
Min. Spread
0.2pips
Max. Leverage
1:3000
Currency Pairs
46
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
92.5
Points
Users
Used by
14,000,000+ Traders
Min. Deposit
$1
Bonus
N/A
Help!
Applies to deposits over $100 (Limited time offer) Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Visa, Neteller, GlobePay, Stic Pay, Skrill, PerfectMoney, bitwallet
Min. Spread
1pips
Max. Leverage
1:301:3000
Currency Pairs
35
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/5
94
Points
Users
Used by
140,000+ Traders
Min. Deposit
$0
Bonus
N/A
Help!
Applies to deposits over $100 (Limited time offer) Exit tooltip
Trading Instruments
1500+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, PayPal
Min. Spread
0.1pips
Max. Leverage
1:30
Currency Pairs
49
Regulated By
FCAFCA
CySecCySec
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
300,000+ Traders
Min. Deposit
$10
Bonus
100%
Help!
Loyalty deposit bonus Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Maestro, Fasapay, Skrill, Web Money, Qiwi, Perfect Money, Bitcoin
Min. Spread
0.4pips
Max. Leverage
1:500
Currency Pairs
60+
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
94.8
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Help!
Loyalty deposit bonus Exit tooltip
Trading Instruments
10,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN and DAM
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit Card, Bank Wire, Skrill, PayPal, Neteller, plus localized solutions
Min. Spread
1.1pips
Max. Leverage
500:1*
Currency Pairs
61
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in July 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
92.5
Points
Users
Used by
14,000,000+ Traders
Min. Deposit
$1
Bonus
N/A
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Visa, Neteller, GlobePay, Stic Pay, Skrill, PerfectMoney, bitwallet
Min. Spread
1pips
Max. Leverage
1:301:3000
Currency Pairs
35
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/5
94
Points
Users
Used by
140,000+ Traders
Min. Deposit
$0
Bonus
N/A
Trading Instruments
1500+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, PayPal
Min. Spread
0.1pips
Max. Leverage
1:30
Currency Pairs
49
Regulated By
FCAFCA
CySecCySec
IFSCIFSC
Customer Support
24/7
94.8
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
10,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN and DAM
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit Card, Bank Wire, Skrill, PayPal, Neteller, plus localized solutions
Min. Spread
1.1pips
Max. Leverage
500:1*
Currency Pairs
61
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in July 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
93.5
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit or debit card, bank wire transfers, local transfers, FasaPay, TC Payment, Nganluong, Neteller, Skrill, VLOAD, Cryptocurrency, WebMoney, Alfa-Click, TC Pay Wallet, QIWI, Yandex.Money, Konnexone, Perfectmoney
Min. Spread
1.2pips
Max. Leverage
1:2,000
Currency Pairs
59
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
FSCFSC
Customer Support
24/5
92.5
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$0
Bonus
Cashback
Trading Instruments
60+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit cards, Bank Wire, E-Wallets
Min. Spread
0.2pips
Max. Leverage
1:3000
Currency Pairs
46
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
94.8
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
10,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN and DAM
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit Card, Bank Wire, Skrill, PayPal, Neteller, plus localized solutions
Min. Spread
1.1pips
Max. Leverage
500:1*
Currency Pairs
61
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5
90
Points
Users
Used by
900,000+ Traders
Min. Deposit
$50
Bonus
50%
Help!
On Every Deposit Exit tooltip
Trading Instruments
48+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
No Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, FasaPay, PayTM, Local banks
Min. Spread
0pips
Max. Leverage
1:500
Currency Pairs
28
Regulated By
CySecCySec
FSA(SVG)FSA(SVG)
Customer Support
24/5
91
Points
Users
Used by
300,000+ Traders
Min. Deposit
$10
Bonus
100%
Help!
Loyalty deposit bonus Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, VISA, Mastercard, Maestro, Skrill, Neteller, FasaPay, Perfect Money, QIWI, WebMoney, Bitcoin
Min. Spread
0.4pips
Max. Leverage
1:500
Currency Pairs
60+
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5

Best and most trusted forex brokers in July 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
140,000+ Traders
Min. Deposit
$0
Bonus
N/A
Trading Instruments
1500+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill
Min. Spread
0.1pips
Max. Leverage
1:500
Currency Pairs
49
Regulated By
FCAFCA
CySecCySec
IFSCIFSC
Customer Support
24/7
94.8
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
10,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN and DAM
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit Card, Bank Wire, Skrill, PayPal, Neteller, plus localized solutions
Min. Spread
1.1pips
Max. Leverage
500:1*
Currency Pairs
61
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5
92.5
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$0
Bonus
Cashback
Trading Instruments
60+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit cards, Bank Wire, E-Wallets
Min. Spread
0.2pips
Max. Leverage
1:3000
Currency Pairs
46
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
99
Points
Users
Used by
650,000 Traders
Min. Deposit
$50
Bonus
50%
Help!
For deposits up to $500 Exit tooltip
Trading Instruments
50+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Fasapay, UnionPay
Min. Spread
0pips
Max. Leverage
1:500
Currency Pairs
40+
Regulated By
FCAFCA
ASICASIC
CIMACIMA
Customer Support
24/5

Best and most trusted forex brokers in July 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit or debit card, bank wire transfers, local transfers, FasaPay, TC Payment, Nganluong, Neteller, Skrill, VLOAD, Cryptocurrency, WebMoney, Alfa-Click, TC Pay Wallet, QIWI, Yandex.Money, Konnexone, Perfectmoney
Min. Spread
1.2pips
Max. Leverage
1:2,000
Currency Pairs
59
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
FSCFSC
Customer Support
24/5
96
Points
Users
Used by
140,000+ Traders
Min. Deposit
$1
Bonus
N/A
Trading Instruments
1500+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill
Min. Spread
0.1pips
Max. Leverage
1:500
Currency Pairs
49
Regulated By
FCAFCA
CySecCySec
IFSCIFSC
Customer Support
24/7
92.5
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$0
Bonus
Cashback
Trading Instruments
60+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit cards, Bank Wire, E-Wallets
Min. Spread
0.2pips
Max. Leverage
1:3000
Currency Pairs
46
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
92.5
Points
Users
Used by
13,000,000 Traders
Min. Deposit
$1
Bonus
100%
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Visa, Neteller, GlobePay, Stic Pay, Skrill, PerfectMoney, bitwallet
Min. Spread
1pips
Max. Leverage
1:3000
Currency Pairs
35
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/5

Best and most trusted forex brokers in July 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
92.5
Points
Users
Used by
13,000,000 Traders
Min. Deposit
$1
Bonus
100%
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Visa, Neteller, GlobePay, Stic Pay, Skrill, PerfectMoney, bitwallet
Min. Spread
1pips
Max. Leverage
1:3000
Currency Pairs
35
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/5
94.8
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
10,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN and DAM
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit Card, Bank Wire, Skrill, PayPal, Neteller, plus localized solutions
Min. Spread
1.1pips
Max. Leverage
500:1*
Currency Pairs
61
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in July 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
93.5
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit or debit card, bank wire transfers, local transfers, FasaPay, TC Payment, Nganluong, Neteller, Skrill, VLOAD, Cryptocurrency, WebMoney, Alfa-Click, TC Pay Wallet, QIWI, Yandex.Money, Konnexone, Perfectmoney
Min. Spread
1.2pips
Max. Leverage
1:2,000
Currency Pairs
59
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
FSCFSC
Customer Support
24/5
92.5
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$1000
Bonus
Loyalty Cashback
Trading Instruments
60+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit cards, Bank Wire, E-Wallets
Min. Spread
0.2pips
Max. Leverage
1:3000
Currency Pairs
46
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
92.5
Points
Users
Used by
13,000,000 Traders
Min. Deposit
$1
Bonus
100%
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Visa, Neteller, GlobePay, Stic Pay, Skrill, PerfectMoney, bitwallet
Min. Spread
1pips
Max. Leverage
1:3000
Currency Pairs
35
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/5
94.8
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
10,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN and DAM
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit Card, Bank Wire, Skrill, PayPal, Neteller, plus localized solutions
Min. Spread
1.1pips
Max. Leverage
500:1*
Currency Pairs
61
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in July 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
93.5
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit or debit card, bank wire transfers, local transfers, FasaPay, TC Payment, Nganluong, Neteller, Skrill, VLOAD, Cryptocurrency, WebMoney, Alfa-Click, TC Pay Wallet, QIWI, Yandex.Money, Konnexone, Perfectmoney
Min. Spread
1.2pips
Max. Leverage
1:2,000
Currency Pairs
59
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
FSCFSC
Customer Support
24/5
96
Points
Users
Used by
140,000+ Traders
Min. Deposit
$0
Bonus
N/A
Trading Instruments
1500+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill
Min. Spread
0.1pips
Max. Leverage
1:500
Currency Pairs
49
Regulated By
FCAFCA
CySecCySec
IFSCIFSC
Customer Support
24/7
92.5
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$0
Bonus
Cashback
Trading Instruments
60+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit cards, Bank Wire, E-Wallets
Min. Spread
0.2pips
Max. Leverage
1:3000
Currency Pairs
46
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
92.5
Points
Users
Used by
13,000,000+ Traders
Min. Deposit
$1
Bonus
100%
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Visa, Neteller, GlobePay, Stic Pay, Skrill, PerfectMoney, bitwallet
Min. Spread
1pips
Max. Leverage
1:3000
Currency Pairs
35+
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/5

Best and most trusted forex brokers in July 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
93.5
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit or debit card, bank wire transfers, local transfers, FasaPay, TC Payment, Nganluong, Neteller, Skrill, VLOAD, Cryptocurrency, WebMoney, Alfa-Click, TC Pay Wallet, QIWI, Yandex.Money, Konnexone, Perfectmoney
Min. Spread
1.2pips
Max. Leverage
1:2,000
Currency Pairs
59
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
FSCFSC
Customer Support
24/5
96
Points
Users
Used by
140,000+ Traders
Min. Deposit
$0
Bonus
N/A
Trading Instruments
1500+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill
Min. Spread
0.1pips
Max. Leverage
1:500
Currency Pairs
49
Regulated By
FCAFCA
CySecCySec
IFSCIFSC
Customer Support
24/7
92.5
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$0
Bonus
Cashback
Trading Instruments
60+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit cards, Bank Wire, E-Wallets
Min. Spread
0.2pips
Max. Leverage
1:3000
Currency Pairs
46
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
90
Points
Users
Used by
900,000+ Traders
Min. Deposit
$50
Bonus
50%
Help!
On Every Deposit Exit tooltip
Trading Instruments
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, FasaPay, PayTM, Local banks
Min. Spread
0pips
Max. Leverage
1:500
Currency Pairs
28
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/5

Best and most trusted forex brokers in July 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
93.5
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit or debit card, bank wire transfers, local transfers, FasaPay, TC Payment, Nganluong, Neteller, Skrill, VLOAD, Cryptocurrency, WebMoney, Alfa-Click, TC Pay Wallet, QIWI, Yandex.Money, Konnexone, Perfectmoney
Min. Spread
1.2pips
Max. Leverage
1:2,000
Currency Pairs
59
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
FSCFSC
Customer Support
24/5
92.5
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$0
Bonus
Cashback
Trading Instruments
60+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit cards, Bank Wire, E-Wallets
Min. Spread
0.2pips
Max. Leverage
1:3000
Currency Pairs
46
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
92.5
Points
Users
Used by
13,000,000 Traders
Min. Deposit
$1
Bonus
100%
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Visa, Neteller, GlobePay, Stic Pay, Skrill, PerfectMoney, bitwallet
Min. Spread
1pips
Max. Leverage
1:3000
Currency Pairs
35
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/5
94.8
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
10,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN and DAM
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit Card, Bank Wire, Skrill, PayPal, Neteller, plus localized solutions
Min. Spread
1.1pips
Max. Leverage
500:1*
Currency Pairs
61
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Are the regulatory standards the same in Bulgaria as other EU countries?

Bulgaria has come under fire with regards the regulation of Forex brokers in the country. Many have said that brokerage firms choose to be regulated by the BFSC because it has a particularly light approach to regulation. It is said that many of the other European regulatory bodies take a far stricter line when it comes to standards. In certain respects, this is actually true and the regulatory standards are little more than the minimum set out in the Directive. However, we feel it only right to point out that BFSC Forex brokers are required to comply with these minimum standards which ensure traders are provided with protection of a certain level.

Why Bulgaria is a popular choice for Forex brokers

There are a number of reasons why Bulgaria has become a popular location for Forex brokers. The main one is that operating in accordance with MiFID allows BFSC regulated brokers to accept clients from countries throughout Europe. It also has some very competitive tax rules such as the level of income and corporation tax being set at a flat rate of 10%. This is very comparative with Cyprus and Estonia who also offer very attractive tax systems. Forex brokers in Bulgaria are also able to take advantage of the much lower wages required by Bulgarian employees. All these advantages give Bulgarian Forex brokers a competitive edge compared with brokers located in other European countries. Couple this with the light touch approach to regulation and you can understand why the Forex industry is expanding at such a rapid rate.

How the Bulgarian Financial Supervision Commission operates

The Bulgarian FSC is the country’s financial regulator and is in charge of issuing licenses to Forex brokers. It examines the relevant documentation provided by firms applying for licenses, amends the status of licenses in the event of non-compliance, and enforces the regulations which are in place to ensure all regulated entities follow FSC rules and regulations. It is also responsible for setting rules in respect of the following:

  • Requirements for amount of capital and company structure
  • The origin of funds from which shareholders are paid
  • The relationships between consumers and regulated entities

The Commission monitors compliance with legal requirements, the financial status of companies and the reliability of any information provided. The supervisory element of the Commission’s work is carried out through off-site supervision and on-site examination of a licensed providers activity. Its aim is to prevent and end any legal violations to ensure investors interests are protected. Should a regulated broker be found breaking the rules the Commission is able to impose strict measures including the issuance of recommendations, property sanctions and fines.

How to make a complaint regarding a BFSC Forex broker

Should you feel your rights as an investor have been violated there are a number of possible courses of action. The first step is to approach the provider in writing with a formal letter to the director or other representatives of the high management. You should describe your complaint in detail and request a written reply. It is often the case that the provider will offer a solution, but they could also reject your complaint. If you are unhappy with the provider’s decision you can raise the matter with the Financial Supervision Commission and request some assistance. We should stress, however, it is unable to offer solutions on cases outside of its jurisdiction. If the provider is found to be in violation of the regulatory requirements it is able to impose sanctions.

It is easy to check whether a broker is BFSC regulated

For the convenience of consumers, there is a simple search option located on the main website of the Commission. When you find yourself with a list of Forex brokers to choose from you are able to look for more details in the public register. The information includes data on their shareholdings, managing bodies, annual and periodic reports and details of their activities. It is vital for the best protection of your investment to choose a broker who has been licensed and is regulated by the BFSC. While an unregulated broker may seem an attractive choice you should be aware you are leaving yourself wide open to fraud. Regulatory bodies have been established all over the world and most countries have their own rules and regulations. While Bulgaria has gained a reputation for being a little light on the regulations it is nevertheless of the required standard. In order to operate from Bulgaria, Forex companies have to be licensed by the FSC or some other competent authority of another European Member state. Which means you’ve definitely got plenty to choose from.

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