Bulbrokers Account Types

Bulbrokers offers the following account types; Demo Account, Micro Account, Mini Account, Standard Account, Zero Spread Account, STP account and Electronic Communication Network (ECN) Account. The minimum deposit required to open an account with the broker is only $ 100/R1 600.

Overall Rating

• 3.1/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 100

Regulators

FSC, BNB, FCA, CNVM

Trading Platform

MT4, MetaTrader Mobile, Trader Workstation 4

Crypto

No

Total Pairs

24

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our Bulbrokers Account Types below.

Bulbrokers Account types – 8 key points quick overview:

1. Bulbrokers Overview
2. Bulbrokers Account Types
3. Bulbrokers Account Features
4. Bulbrokers Demo Account
5. Bulbrokers Islamic Account
6. Bulbrokers Pros and Cons
7. Conclusion
8. Frequently Asked Questions

Here is an overview of the Bulbrokers Account types as well as the treading features and benefits offered for each account.

Bulbrokers Overview

Bulbrokers is a non-banking finance company known for real-time Forex currencies trading operating from offices in Bulgaria and Romania. Bulbrokers is part of financial organization Alfa Finance Holding, which has been in operation since 1996. Bulbrokers is well-known on the Bulgarian, regional and international markets with multiple licenses which authorizes the broker to execute foreign exchange deals. Bulbrokers provides customers access to several stock exchanges and global markets on its well-established trading platforms which include MetaTrader 4 and MetaTrader Mobile as well as Trader Workstation 4.

The broker’s advantages include a fair selection of trading tools and the opportunity to use scalping strategies. Bulbrokers gives traders access to at least 24 forex currency pairs, as well as trading in several Contracts for Difference (CFDs), and other instruments. Bulbrokers also provides services in the fields of foreign exchange, foreign stocks and derivatives, business consulting, custodian services, investment banking and financial analyses. The broker requires low minimum deposits to open its accounts, which makes it suitable for beginner traders as well as for professionals and those with lots of experience in the currency market.

Bulbrokers makes a demo account available to new traders that is quick and easy to open and can help them to get a feel for operations before deciding about a specific outlay, trading style or trading frequency.  A real account can subsequently be opened and managed just as easily. The Bulbrokers website provides the necessary information on the trading platforms that can be used, and a Client Order-Book Online System (or COBOS) is used for Internet securities trading.

This website certainly aims at inspiring trust in a first-time user and is very convenient to peruse. A wonderful feature of this website is the area towards the left of the home page which shows the Bid and Ask prices of leading currencies, and below that, of stocks. Bulbrokers together with its parent company, Financial Group, and the other companies in the group, aims at providing value added services to clients and their approach is tailored so that everything is very personalized to the individual’s needs.

Bulbrokers Account Types

Bulbrokers offers the following account types:

Demo Account

Micro Account

Mini Account

Standard Account

Zero Spread Account

STP account

Electronic Communication Network (ECN) Account

Since Bulbrokers is regulated by the Financial Services Commission, every new client must first pass basic compliance checks to ensure that they understand the risks of trading and are allowed to trade. The minimum deposit required to open an account with the broker is only $ 100.

Bulbrokers Account Features

Unfortunately, little information on account specifications can be found on the broker’s website. This lack of detail creates a transparency concern and is an indication of a poorly managed website. It is advised that any potential traders should contact the broker directly first about investment portfolios and other institutional services, before joining them and opening a trading account.

Islamic Account

Bulbrokers does not offer traders who follow the Sharia law the option of an Islamic Account. Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases it is a standalone account with a separate application procedure.

Bulbrokers Demo Account

Bulbrokers offers traders the option to open a demo or practice account which can be utilised in several ways, including the following:

A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.

Traders who want to evaluate and compare brokers and would like to explore Bulbrokers’ trading conditions in a risk-free environment.

Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.

Bulbrokers Islamic Account

The purpose of an Islamic Account is that it caters explicitly for Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which is seen as exploitive or wasteful. Brokers offers an Islamic Account only to Muslim traders who follow the Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads and more.

Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.

Overall Rating

• 3.1/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 100

Regulators

FSC, BNB, FCA, CNVM

Trading Platform

MT4, MetaTrader Mobile, Trader Workstation 4

Crypto

No

Total Pairs

24

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Bulbrokers Pros and Cons

Conclusion

Bulbrokers offers the following account types; Demo Account, Micro Account, Mini Account, Standard Account, Zero Spread Account, STP account and Electronic Communication Network (ECN) Account. The minimum deposit required to open an account with the broker is only $ 100/R1 600.

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Frequently Asked Questions

Trading environment

How many instruments can I trade with Bulbrokers?

You can trade several different instruments with Bulbrokers, which include the following:

• Forex
• Gold and silver
• CFDs
• Oil

Which platforms are supported by Bulbrokers?

Bulbrokers provides the following popular trading platforms:

• MetaTrader 4
• MetaTrader Mobile
• Trader Workstation 4

Does Bulbrokers offer leverage?

Yes, Bulbrokers offers a maximum leverage of up to 1: 200.

What spreads can I expect with Bulbrokers?

Bulbrokers offers fixed spreads from 2 pips on the Standard Account and from 0 pips on the ECN Account.

More information can first be obtained from the customer support service to make an informed choice.

Does Bulbrokers charge commission?

Bulbrokers’ commissions depend on the platform used. In TWS, stock trading commissions start at 0.015 USD per share for US stocks. For European stocks, commissions start from 0.15% of the stock of ETF value.

A complex list of commissions can be found on the website, but not much information about floating spreads.

Are there additional charges on the Islamic account?

Bulbrokers does not offer an Islamic Account. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees.

Is Bulbrokers regulated and by whom?

Bulbrokers is regulated by the Bulgarian National Bank, CNMV (Romania), FCA (UK), and FSC (Bulgaria).

Is Bulbrokers a recommended forex trading broker for experts and beginners?

Bulbrokers offers a fair-trading environment for most types of traders.

What is the overall rating out of 10 for Bulbrokers?

6/10.

Accounts

What is the difference between a demo and live trading account?

A demo account as is offered by broker companies like Bulbrokers is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features, before setting up a real account which needs to be funded with the customers own real money.

Does Bulbrokers offer a demo account?

Yes.

How long is the demo account valid?

The demo account can be used for an unspecified period.

Which live trading accounts does Bulbrokers offer?

• Micro account
• Mini account
• Standard account
• Zero spread account
• ECN Premium account

Does Bulbrokers offer an Islamic Account?

No.

What are the available deposit currencies for a live trading account?

USD, EUR, and BGN (Bulgarian lev).

Deposits and withdrawals

What is the minimum deposit required to open an account with Bulbrokers?

$ 100.

How do you make a deposit and withdraw money with Bulbrokers?

Bulbrokers offers the following deposit and withdrawal methods:

• Cash
• Credit/debit cards
• PayPal
• Skrill
• Wire transfer

The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.

Does Bulbrokers charge withdrawal fees?

For withdrawals over 1000 BGN via cash register, a commission of 0.20% is charged. Withdrawals using foreign currency will cost 0.40% for amounts over the currency equivalent of 1 000 BGN (around 600 USD).

How long does it take to make a withdrawal?

Withdrawals by means of certain methods may be processed within a shorter period than others. Usually, withdrawals take a few days but depending on bank services it may take several days longer for the money to be available in a customer’s bank account.