In this guide, we share insights about the best trading platforms in Bulgaria. We tested 174 online brokers and analyzed their platforms in 8 main categories. We tested all aspects of their service, including platforms, mobile apps, trading costs, deposits & withdrawals, asset portfolio, licenses, customer support, research & education materials, and Islamic account options.
Trading platforms with the highest scoring are in the following list.
Top 6 Trading Platforms in Bulgaria
- Interactive Brokers – Best Trading Platform Overall
- Libertex – Best Trading Platform For Beginners
- ActivTrades – Best Platform Regulated By The UK FCA
- CMC Markets – Best For Outstanding Online Trading Experience
- Pepperstone – Best Trading Platform For Research & Education
- Forex.com – Best Forex Trading Platform
Best Online Trading Platforms Bulgaria
|PLATFORM||SCORE||GENERAL INFO||MINIMUM DEPOSIT|
|#1||Interactive Brokers||4.9||Best trading platform Overall||$100|
|#2||Libertex||4.6||Best Trading Platform For Beginners||$10|
|#3||ActivTrades||4.6||Best Platform Regulated By The UK FCA||$500|
|#4||CMC Markets||5||Best For Outstanding Online Trading Experience||$0|
|#5||Pepperstone||4.8||Best Trading Platform For Research & Education||$0|
|#6||Forex.com||4||Best Forex Trading Platform||$100|
Below section breaks down the best trading platforms in Bulgaria beginning with the highest rated – Interactive Brokers.
01. Interactive Brokers: Best Trading Platform In Bulgaria
Interactive Brokers is a leading broker with an excellent asset portfolio, access to different financial markets, and educational content. It offers a professional order type configuration. Interactive Brokers has an excellent reputation and offers industry-leading trading platforms. It has a transparent fee structure and graded account tiers.
Beginners choose their Global Trader platform as it is intuitive and straightforward. Active and professional traders prefer the excellent selection of advanced tools and orders available with the Trader Workstation desktop platform (TWS).
02. Libertex: Best Trading Platform For Beginners
Libertex is a secure online broker with a CySEC license. It is an excellent choice for traders searching for access to CFDs. Libertex has an attractive market coverage with 53 forex pairs, 45 crypto assets, ten commodities, and a limited range of US stocks and ETFs. Its trading platforms are easy to use and offer both beginner and advanced tools.
This online broker has tight spreads and no hidden costs. The minimum deposit requirement is $100. Libertex has knowledgeable customer support, making it a top choice for new traders.
03. ActivTrades: Best Platform Regulated By The UK FCA
ActivTrades is a popular forex and CFD broker with a top-tier license from the UK’s Financial Conduct Authority (FCA). It offers a proprietary trading platform, ActivTrades. It is intuitive and fully customizable, offering a transparent fee structure. ActivTrades has different account tiers and free-of-charge deposits and withdrawals.
ActivTrades charges an inactivity fee, but its trading fees are below average. Its portfolio offers limited access to standard classes and instruments. We recommend it for beginner forex and CFD traders.
04. CMC Markets: Best For Outstanding Online Trading Experience
CMC Markets is a top online broker that offers an award-wining trading experience. It provides an attractive selection of tradable assets and competitive pricing. CMC is among industry leaders in market coverage, thanks to its 12,500+ available instruments.
Their proprietary platform is Next Generation. It has a user-friendly interface and offers fast executing services. CMC’s platform comes with reliable education and research tools. This broker offers the lowest fees in the industry. It has an average spread for the EUR/USD pair of 0.73 pip. It offers rewards and discounts for active traders.
05. Pepperstone: Best Trading Platform For Research & Education
Pepperstone is a safe forex and CFD broker with a valuable research and education center. It offers different copy trading platforms and a versatile portfolio. Pepperstone offers a proprietary platform, cTrader, MetaTrader, and social trading services.
Pepperstone is a top choice for algorithmic trades and copy traders. It has a reliable customer support team available 24/5 on the phone. It offers a comprehensive FAQ section, online chat, and email support.
06. Forex.com: Best Forex Trading Platform
Forex.com is a leading forex broker suitable for traders searching for a reliable forex and CFD platform. It offers a multi-asset platform with different proprietary features and advanced social trading tools. Forex.com has excellent asset coverage and offers 4500+ CFDs.
This broker has an attractive learning center, market research data, and beginner-friendly services. Its fees are excellent for high-volume traders. We recommend Forex.com for traders at all levels.
How To Pick The Right Platform?
When picking a platform in Bulgaria, the main features to consider are costs, platforms, mobile apps, funding options, asset portfolios, safety protocols, liquidity, and customer support.
Fees: Select an online broker with a simple fee structure and avoid brokers with high trading fees, overnight commissions, and hidden fees. Spread fees and commissions are standard with Bulgaria brokerage accounts.
Trading Platforms: A platform must be intuitive and offer access to valuable tools and indicators suitable for traders at all levels. It is best to choose a platform with built-in market data and technical charting.
Mobile Trading: Mobile apps are valuable for all traders and need to offer the same tools and charts as their web versions. Select an app with social feeds and full-screen charting options.
Deposit & Withdrawal: Deposit and withdrawal have to be straightforward. Consider a broker that offers your preferred payment method and has competitive fees.
Assets: Traders in Bulgaria receive access to different asset classes. It is best to choose coverage of preferred assets like forex, stocks, ETFs, and cryptos.
Regulation: Online brokerage firms with top-tier licenses have to follow strict rules. These offer industry-leading safety protocols for all their services. We recommend you choose platforms with FCA, ASIC, and CySEC licenses.
Research & Education: Traders need access to reliable research and education tools at all levels. You should look for access to weekly webinars, market updates, personal training, and personal account manager.
Customer support: New traders need to choose a platform with responsive customer support available in their language.
*Islamic Accounts: All platforms from our list offer islamic account options. This gives users the chance to trade online in compliance to the Sharia law.
Regulation Of Trading Platforms In Bulgaria
The Bulgarian Financial Supervision Commission (BFSC) oversees online trading activities in Bulgaria and underlines the regulation of trading platforms. It manages brokers’ licenses and other financial service providers. It ensures all relevant rules and regulations are followed.
You can perform license verification of a brokerage firm’s license by accessing the official website of the BFSC. Search the documents section for the name of the broker. If the firm has its headquarters outside Bulgaria, you should check the official websites of FINRA, ASIC, BaFIN, FCA, or CySEC. Verify their database of Registered Entities. If the search doesn’t come with any results, you might be dealing with an unregulated broker or platform. We recommend you use a secure platform with top-tier licenses.
Based on our review, we consider Interactive Brokers as the best platform for Bulgarian residents. They offer a versatile platform, competitive fees, advanced tools, and responsive customer support.
Libertex is the second best platformfor Bulgarian residents, because of their low fees,and versatile portfolio. ActivTrades, CMC Markets, Pepperstone, and Forex.com are finishing up our list of top platforms with a great overall offer and above-average ratings.
Are There Commission-Free Brokers In Bulgaria?
Yes, many brokers in Bulgaria offer commission-free trading platforms.
How Much Should I Start With When Trading Online In Bulgaria?
We recommend you start with a minimum deposit amount in Bulgaria. Check the broker’s fee structure before trading.
How To Verify If A Trading Platform Has A Valid License?
If you want to verify a platform’s license, you should access the Registered Entities databases on the official websites of regulatory bodies such as FCA, FINRA, CySEC, or ASIC.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
- 1 Top 6 Trading Platforms in Bulgaria
- 2 Best Online Trading Platforms Bulgaria
- 2.1 01. Interactive Brokers: Best Trading Platform In Bulgaria
- 2.2 02. Libertex: Best Trading Platform For Beginners
- 2.3 03. ActivTrades: Best Platform Regulated By The UK FCA
- 2.4 04. CMC Markets: Best For Outstanding Online Trading Experience
- 2.5 05. Pepperstone: Best Trading Platform For Research & Education
- 2.6 06. Forex.com: Best Forex Trading Platform
- 2.7 How To Pick The Right Platform?
- 3 Regulation Of Trading Platforms In Bulgaria
- 4 License Verification
- 5 Conclusion