Company

Spread

for EURUSD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details
CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Bulgaria

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose
For Bulgaria?

scored best in our review of the top brokers for bulgaria, which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • + years in business
  • Offers + instruments
  • A range of platform inc.
  • 24/7 customer service
  • Tight spreads from pips
  • Used by 0+ traders
  • Offers demo account
  • 0 languages
  • Leverage up to

offers one way to trade: . If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

have a trust score, which is . This is largely down to them being regulated by , segregating client funds, being established for over years, and much more. For comparison:

Trust Score comparsion

Trust Score
Year Established
Regulated by
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: .

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with , you'll need a minimum deposit of $. offers a range of different account types for different traders including a , .

Finally, isn't available in the following countries: . They do not offer islamic accounts either.

Part 3

A Comparison of vs. vs.


Want to see how stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

Spread type
EUR/USD Spread
EUR/GBP Spread
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

IG

www.ig.com/bg

IG were originally formed as the UK’s first spread betting firm, trading just one asset – gold. Now, with over 40 years of experience, IG have gained around 185,000 clients from all over the world and offer over 15,000 financial markets for them to trade in.

As one of the field’s innovators, they were also the first company to offer an online trading platform in the region and also pioneered trading on iPhones by developing a downloadable app. They now offer both Android and Apple apps, as well as their powerful web-based platform. Using award-winning technology, their platforms offer both speed and security. They also are integrated with a range of tools that can help traders make more informed decisions.

IG are regulated by the trusted authority in the UK, the Financial Conduct Authority (FCA). Through the EEA regulatory regime, MiFID (Markets in Financial Instruments Directive), IG’s regulated services are also available to traders in Bulgaria, via passport arrangements.

IG are additionally signed up to the FX Global Code of Conduct which shows their dedication and commitment to the guidelines that demonstrate good practice within the financial markets and services.

Plus500

www.plus500.bg

Plus500 are a trading service offered within Bulgaria by subsidiary company, Plus500CY Ltd., which is based in Cyprus and headquartered in Limassol. As a leading international issuer and seller of more than 2000 financial products, Plus500CY Ltd are licensed and regulated by the respected European financial authority, Cyprus Securities and Exchange Commission (CySEC). When traders open accounts, their deposits are kept on a segregated basis, in alignment with the client money requirements from CySEC, which ensures the additional protection of client assets.

A dedicated Bulgarian language website is provided by Plus500 for Bulgarian traders, where they can access information about the company and the different trading products on offer. They can additionally and can sign up for a demo or a real trading account through the site. Bulgarian customer support is also available and the Bulgarian Lev can be selected as the base currency for the account. Traders should note that the base currency needs to be selected before any trading activity takes place on the account as it will not be possible to change this at a later date. Bulgarian can also be selected as the primary language for the trading platform.

Just some of the products available within the Plus500 portfolio include cryptocurrencies, Forex, and contracts for difference (CFDs) on commodities, indices, and stocks.

Users can trade on a desktop or can download the app from the Apple App Store or Google Play Store for trading on the go. The app contains many advanced features and is reportedly simple to use.

XTB

www.xtb.com/en

XTB, formerly X-Trade Brokers, launched in 2002 in Warsaw, Poland and in 2005 gained authorisation to conduct their trading services from the Polish Financial Supervision Authority (the KNF). They committed to offering world-class trading services in many financial markets, and have since opened offices in over 13 countries, including Bulgaria, Greece, Belgium, France, Portugal, and the Netherlands. They pride themselves on honesty, transparency, and openness and are responsible to some of the world’s most trusted financial regulatory authorities, including the Financial Conduct Authority in the UK. Through arrangements permitted by MiFID (the Markets in Financial Instruments Directive), XTB can passport their services out from the UK to cover Bulgaria.

XTB offers: over 50 forex pairs, over 20 major indices pairs, commodities such gold, silver, crude oil and more, over 1500 global shares and allows short selling on contracts for difference (CFDs). Web-based platforms MT4 and xStation make it possible to trade from anywhere, with downloadable apps available for desktops, mobile phones, tablets and even smart watches.

Account types available to customers from Bulgaria include the Basic, Standard, and Pro accounts. Basic accounts operate on a fixed spread, regardless of market conditions. Standard accounts operate with floating spreads. Pro accounts operate with both floating spreads and market execution.

XTB offers Market Analysis: real-time market news, market sentiment, top movers and company news. They cater for novice traders by providing educational videos through their trading academy. The trading academy has been divided into basic, intermediate, expert and premium. The vast array of content is geared towards helping clients to become better traders.

Clients from Bulgaria can open an account in Euros, as well as GBP or USD. Convenient deposit transfer methods include debit/credit card transfers, bank account transfers and e-wallet payments, such as PayPal.


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