Headquartered in Sofia, Bulgaria, Bulbrokers is an online trading broker that offers online trading of multiple financial instruments across different asset classes, such as stocks, options, futures, options on futures, ETF, warrants, indices, bonds, funds, and currencies through multiple trading platforms.
Bulbrokers Review, Pros & Cons
- Multiple trading platforms
- A wide variety of trading products
- Educational resources
- No USA clients
- No standalone trading tools
- No MetaTrader 5 platform
- Not the lowest spreads
- No live chat support
In this detailed Bulbrokers review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
With its head office in Bulgaria, Bulbrokers is a financial services provider that is built on the core values of trust, quality, authority, and a wealth of experience. They offer a range of services, including online trading via sophisticated trading platforms, institutional services, asset management, and more. There are educational resources and a client support team on the broker’s website.
Bulbrokers is regulated in the EU by the Financial Supervision Commission (FSC) and is registered as a financial institution by the Bulgarian National Bank (BNB). The broker is subject to limited regulation by the Financial Conduct Authority (FCA) and the Romanian National Securities Commission (CNVM).
The broker does not offer its services to residents of countries or jurisdictions where the use of such services would be contrary to local laws or regulations. So, they do not accept clients from the United States of America.
Some Bulbrokers features and products mentioned within this Bulbrokers review may not be available to traders from certain countries because of legal restrictions.
MT4 is one of the most popular trading platforms in the world, and it comes as a desktop application for Windows and Mac computers, a WebTrader, and a mobile application for Android and iOS devices. The MT4 platform has many indicators and tools for technical analysis, and there is a one-click functionality for easy trade execution.
The Trader Workstation is a powerful, full-featured trading platform that makes it possible for clients to trade over 100 markets from a single account. The platform offers support for many order types — from the basic limit to the most complex algo. There are desktop applications for Windows and Mac computers, as well as mobile apps for Android and iOS devices. There is also the web version that runs directly on web browsers, allowing you to log in and trade on any internet-enabled device from anywhere.
Bulbrokers Trading Tools
There are no standalone trading tools on the broker’s website at the moment. However, the provided trading platforms should have more than enough trading tools to suit even the most advanced traders.
Bulbrokers provides traders with a good selection of educational resources, such as blogs, guides, glossary, and a Q&A section, containing clients’ most common questions and their answers.
The broker offers stocks, options, futures, options on futures, ETF, warrants, indices, bonds, funds, and currencies for trading online.
Bulbrokers Accounts & Fees
Bulbrokers offers a choice of a Real Account for live trading and a Demo Account for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this Bulbrokers review. It is imperative to ensure that you check and understand all of the latest information before you open a Bulbrokers account for online trading.
Bulbrokers provides traders with a knowledgeable client support team that is on hand to respond to their inquiries via telephone, email, and social media.
Bulbrokers Deposit & Withdrawal
The broker allows traders to deposit and withdraw funds using any of the following payment methods:
- Bank transfer
- Credit/Debit Cards
- E-Wallets, such as PayPal, Skrill
Bulbrokers Account Opening
To create a new trading account, click on the ’Open Live Account’ button and proceed to complete the 3-page form accurately, providing your personal details and choosing your preferred trading platform.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Bulbrokers is an EU-regulated trading broker that has their head office in Bulgaria. They provide traders with multiple sophisticated trading platforms for trading a wide range of financial instruments online. Traders also benefit from educational resources and a client support team.
Trading leveraged products can involve a high level of risk to your capital. Forex and CFDs, which are traded on margin, can both bring you benefits and losses. You should not risk more than you can afford to lose. Before you start trading you should ensure that you understand the level of risks involved. Seek independent advice if necessary.