Bulbrokers can be summarized as a trustworthy broker with a good reputation and user-friendly trading conditions. Bulbrokers provides high-quality trading facilities, education materials, and research tools.
| Broker's Name | Bulbrokers |
| 📍 Headquartered | Sofia, Bulgaria, and Romania |
| 📅 Year Founded | 1999 |
| ⚖️ Regulating Authorities | Bulgarian National Bank CNMV(Romania) FCA (UK) FSC (Bulgaria) |
| 🌐 Countries not accepted for trade | United States and more |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:200 |
| 💰 Minimum Deposit | $100/R1 600 ZAR |
| 💳 Deposit Options | Cash, Credit/debit cards, PayPal, Skrill, Wire transfer |
| 💳 Withdrawal Options | Cash, Credit/debit cards, PayPal, Skrill, Wire transfer |
| 💻 Platform Types | MetaTrader 4 MetaTrader Mobile Trader Workstation 4 |
| 📱 OS Compatibility | Web, desktop, Android, and iOS for mobile |
| 📈 Tradable assets offered | Forex, Gold, and silver, CFD, Oil |
| 👨💼 Languages supported on Website | Bulgarian, English, Italian, Polish, Romanian, Spanish |
| 👥 Customer Support Languages | Bulgarian, English, Romanian |
| 📆 Customer Service Hours | 09:00 to 17:00, Monday to Friday |
| 👉 Open a account | Click Here |
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
According to research in South Africa BULBROKERS is a Bulgarian forex broker that is a part of financial organization Alfa Finance Holding, which has been operating since 1996.
Bulbrokers Review – 15 Key Point Quick Overview
Bulbrokers – Overview- Bulbrokers Safety and Security
- Bulbrokers Sign-up Bonus
- Bulbrokers Minimum Deposit
- Bulbrokers Account Types
- How to Open a Bulbrokers Account – Step by Step Guide
- Bulbrokers Demo Account
- Bulbrokers Trading Platforms
- Bulbrokers Fees, Spreads and Commission
- Bulbrokers Deposit and Withdrawal
- Bulbrokers vs Etoro vs XM – A Comparison
- Bulbrokers Pros and Cons
- Conclusion
- Disclaimer
- Frequently Asked Questions
BULBROKERS is known for real-time currency trading (24 pairs), contracts for difference, etc.
Bulbrokers – Overview
BULBROKERS provides customers access to numerous stock exchanges and global markets on the well-proven MetaTrader 4 platform and Trader Workstation. The broker’s advantages include an impressive selection of trading tools, a chance to use scalping strategies, and low minimum deposits needed to open accounts. The broker is suitable for beginners and professionals in the currency market.
BULBROKERS is a well-known broker on the Bulgarian, regional and international markets with multiple licenses to execute foreign exchange deals. BULBROKERS’ wide range of services includes Contracts for Difference, custodian services, and investment funds, fixed-income funds, foreign stocks, and derivatives. It is easy to open a demo account to get a feel for operations before deciding about trading style, outlay, and frequency of trading. A real account can easily be opened and managed as well. BULBROKERS uses Metatrader 4 and Metatrader Mobile as well as Trader Workstation 4 as trading platforms.
Bulbrokers Safety and Security
One of the best benchmarks to measure the safety of a broker like BULBROKERS, is to establish which regulating authorities are watchdogs over its actions. BULBROKERS is EU regulated by The Financial Supervision Commission (FSC), is registered as a financial institution by The Bulgarian National Bank (BNB), is subject to limited regulation by The Financial Conduct Authority (FCA) and by the Romanian National Securities Commission (CNVM).
BULBROKERS is a member of the Bulgarian Stock Exchange, The Central Depository, Investor Compensation Fund, The Bulgarian Association of the License Investment Intermediaries and is regulated according to The Markets in Financial Instruments Directive (MiFID).
Bulbrokers Sign-up Bonus
Bulbrokers may offer specific bonuses of up to 30% with sign-up, also called a deposit bonus. According to the company website and other sources the bonus applies to MetaTrader 4 Forex accounts with a maximum amount for each client not exceeding 250 EUR or 250 USD. The promotion does not apply to the ECN Prime packages. The bonus cannot be withdrawn and is for trading purposes only. If a withdrawal of any amount is made the bonus will first be debited from the account in full.
Bulbrokers Minimum Deposit
Bulbrokers has a minimum deposit requirement of only $ 100. This minimum deposit amount was equivalent to ZAR 1450 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing. Bulbrokers’ authorisation as a broker and its regulatory authorities may require that client funds must be kept in segregated accounts, separate from the broker account, and that such funds could only be used by traders to conduct their trading activities.
Bulbrokers Account Types
A forex account at BULBROKERS is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith. Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
BULBROKERS offers the following types of accounts:
Demo account
Micro account
Mini account
Standard account
Zero spread account
ECN account
How to Open a Bulbrokers Account – Step by Step Guide
Similarly to a bank, to register a forex trading account with BULBROKERS for the first time, you will be required to go through a basic “know your customer” process, which will allow BULBROKERS to ascertain that your submitted details and ensure the safety of your funds and account details.
BULBROKERS is regulated by the Financial Services Commission, hence every new client must pass basic compliance checks to ensure that they understand the risks of trading and are allowed to trade. Customers will need the following documents:
A scanned colour copy of their passport, driving license or national ID
A utility bill or bank statement from the past three months showing their address
They will also have to answer compliance questions to confirm how much trading experience they have.
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.
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 Trading Platforms
The forex trading platform provided by BULBROKERS to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade. BULBROKERS provides the popular MT4 forex trading platform as well as their custom Trader Workstation platform. BULBROKERS also offers mobile apps for Android and iOS, to keep an eye on and execute trades while on the move.
Bulbrokers Fees, Spreads and Commission
Cost depends on different factors, like spread and margins, and BULBROKERS clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move. Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.
BULBROKERS offers a minimum position size of 0.01 lot and fixed spreads from 3 pips. BULBROKERS takes a fee from the spread, which is the difference between the buy and sell price of an instrument. The broker’s commissions and spreads are competitive and based on the minimum spreads listed on its website. BULBROKERS doesn’t charge withdrawal fees, inactivity fees, or deposit fees but does charge commission on CFD instruments.
Bulbrokers Deposit and Withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ. In the case of BULBROKERS a minimum of $100 is required to open an account and the money can be deposited in cash in any one of its Bulgarian offices (except Romania), via bank transfer or via credit and debit card (VISA and MasterCard).
The originator of the funds must always match the name listed as a client on the trading account and funds deposited via credit and debit card (VISA and MasterCard) will always be transferred back to that card’s account. Money can be withdrawn in the offices (except Romania), via bank transfers or credit cards. Customers must fill out a withdrawal request form and fax or email it to them. Clients’ funds deposited via credit/debit card (VISA and MasterCard) will be transferred back to the credit/debit card’s account.
Bulbrokers vs Etoro vs XM – A Comparison
| 🔎 Broker | 🥇 Bulbrokers | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $100/R1 600 ZAR | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ➖ Min. Spread | 2 | 3 | 1 |
| ➕ Max. Leverage | 1:200 | 1:400 | 1:888 |
| 💵 Currency Pairs | 33 | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Bulbrokers Pros and Cons
| ✔️ Pros | ❌ Cons |
| Segregates client funds | Doesn’t offer VPS |
| Active since 2000 | Limited range of instruments |
| Regulated by Financial Services Commission | |
| Min. deposit from $100 |
Conclusion
BULBROKERS provides customers access to several stock exchanges and global markets on the popular MetaTrader 4 platform and Trader Workstation. The broker offers a fair selection of trading tools, the chance to use scalping strategies, and requires low minimum deposits to open accounts. The broker is suitable for beginners and professionals of the currency market.
BULBROKERS’ services include Contracts for Difference, custodian services, and investment funds, fixed-income funds, foreign stocks and derivatives. It is easy to open a demo account or a real account and start trading with Metatrader 4, Metatrader Mobile or Trader Workstation 4 as trading platforms.
Disclaimer
BULBROKERS warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with BULBROKERS, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
BULBROKERS warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence BULBROKERS cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
You might also like: Bulbrokers Account Types Overview
You might also like: Bulbrokers Demo Account – Step by Step
You might also like: Bulbrokers Fees and Spreads
You might also like: Bulbrokers Minimum Deposit
You might also like: Bulbrokers Sign up Bonus
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
- CFD
- Oil
Which platforms are supported by BULBROKERS?
BULBROKERS provides the following popular trading platforms:
- MetaTrader 4
- Metatrader Mobile
- Trader Workstation 4
Do BULBROKERS offer leverage?
Yes, BULBROKERS offers maximum leverage of 1: 200
What spreads can I expect with BULBROKERS?
More information can be obtained from the customer support service.
Do BULBROKERS charge commission?
Yes, more information on commissions can be obtained from the customer support service.
Is BULBROKERS regulated?
, BULBROKERS is regulated by Bulgarian National Bank, GR00173, CNVM (Romania), 51389, FCA (UK), 544872, FSC (Bulgaria), РГ-03-0009/14.07.2008.
Is BULBROKERS a recommended forex trading broker for experts and beginners?
BULBROKERS offers a fair trading environment for all types of traders.
What is the overall rating out of 10 for BULBROKERS?
6/10
ACCOUNTS
What is the difference between a demo and a live trading account?
A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customer’s actual 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.
What are the available deposit currencies for a live trading account?
USD, Bulgarian lev, Euro.
DEPOSITS AND WITHDRAWALS
What is the minimum deposit for BULBROKERS?
$ 100
How do you make a deposit and withdrawal with BULBROKERS?
BULBROKERS offers the following deposit and withdrawal methods:
- At the offices
- Bank transfer
- Credit or debit card
Withdrawals can be done via:
- Offices
- Bank transfers
- Credit cards.
Does BULBROKERS charge withdrawal fees?
No, but fees from financial institutions may apply.
How long does it take to make a withdrawal?
Depending on bank services it may take several days for the money to be available.
