Best Crypto Brokers in Bulgaria
The Eastern European country of Bulgaria has a growing crypto adoption rate and the legislation is aligned with the EU’s MiCA (Markets in Crypto-Assets Regulation). The regulatory framework requires brokers to hold capital ranging from €50,000 to €150,000 depending on the services offered. Check out our top 10 brokers offering their services to Bulgarian traders.
Pros, cons & fees
Extensive Range of Tradable CFDs: SuxxessFX offers around double (320+ in total) the number of tradable assets you usually get from a broker.
No Withdrawal, Deposit, and Inactivity Fees: The trading fees from SuxxessFX are very straightforward with no fees on withdrawals, deposits, and inactivity.
Proprietary Mobile and Browser Trading Apps: Instead of third-party trading platforms, SuxxessFX offers proprietary WebTrader and mobile trading apps.
No MetaTrader 4 or MetaTrader 5 Options: MetaTrader 4 and MetaTrader 5 are super popular trading platforms among traders. SuxxessFX does not offer these platforms.
Lack of Educational Resources: Brokers usually have extensive material for traders on their websites. SuxxessFX has a brief FAQs section on their website instead.
Offshore Regulation: Even though the company is registered in Cyprus, the company operates under FSA Seychelles regulation. It could be a step to avoid strictness tier-1 regulatory bodies usually have.
Pros, cons & fees
A Wide Range of Tradable Assets: TradGrip offers around 250 tradable assets including forex, cryptocurrencies, stocks, commodities, indices, and ETFs.
Multiple Tiered Accounts for All Traders: You get the option to choose from 3 live trading accounts Silver, Gold, and Platinum and a demo account.
WebTrader and Proprietary Mobile App: Trade with the browser based WebTrader or trade from the company’s proprietary mobile trading app.
No Swap Free or Islamic Accounts: Swap-free or Islamic accounts are not available on TradGrip. All the accounts charge swap fees for overnight positions. However, swap discounts are available on Gold and Platinum accounts.
Offshore Regulation: TradGrip is regulated by MISA in the Union of Comoros. MISA is not a tier 1 regulator.
No MT4 or MT5 Options: TradGrip offers WebTrader and does not offer MetaTrader 4 and MetaTrader 5 trading platforms.
Pros, cons & fees
Extensive Range of Tradable Assets: CapPlace offers around 300 tradable assets ranging from forex, cryptocurrencies, stocks, commodities, indices, and ETFs.
Tiered Accounts for All Traders: You get the option to choose from 3 live trading accounts (Silver, Gold, and Platinum) and a demo account.
Mobile App and WebTrader: Trade with the browser-based WebTrader or trade from the company’s app on Android and iOS devices.
No Swap-Free or Islamic Accounts: Swap-free or Islamic Accounts are not available on CapPlace. All the accounts charge swap fees for overnight held positions.
Offshore Regulation: CapPlace is regulated by MISA in the Union of Comoros. MISA is not a tier-1 regulator.
No MT4 or MT5 Options: CapPlace does not offer MetaTrader4 and MetaTrader5 trading platforms.
Pros, cons & fees
Extensive range of tradable instruments: With over 160 CFD instruments available, including stocks, forex, indices, commodities, metals, and cryptocurrencies, traders have ample options to diversify their investment portfolio.
Commission-free trading: There are no commissions on standard trades as the broker earns from spreads, which are also very competitive (starting ~0.9 pips). This transparent fee model means lower and straightforward costs for traders.
24/7 Multilingual Customer Support: Customer support is accessible 24/7 in four languages to help traders access support in their preferred language.
Offshore Regulation: Savexa is regulated in Mwali (Comoros) instead of a tier-1 regulatory jurisdiction. The broker is offshore regulated which means the investors do not get the tier-1 investor protection features.
Lack of MetaTrader Platforms: Savexa does not offer the popular MetaTrader 4 or 5. Many seasoned brokers prefer using MetaTrader for their trades instead of WebTrader.
Limited Advanced Strategies: The broker does not allow advanced strategies like scalping and arbitrage trading. Lack of MetaTrader further means copy trading and auto trading are absent as well.
Grand CapitalBonus40% deposit bonus
Free VPS HostingMin deposit $10Max leverage 1:100Regulated by FSA, FSA (SV)Add to compare list4 / 5Start tradingPros, cons & fees
Competitive Minimum Deposit: The minimum deposit required to open an account with Grand Capital is $10, a relatively low minimum deposit in the industry.
All-Inclusive Educational Resources: Grand Capital provides educational resources for traders of all levels. The broker has webinars, video tutorials, and publications that cater to different trading needs.
Flexible Leverage: Grand Capital stands out with its flexible leverage options ranging from 1:1 to 1:2000. This flexibility allows traders to manage their risk and exposure according to their trading strategy.
Weak Regulation and Licensing: The financial market is subject to many regulatory bodies, and the more license brokers can boast of, the more credible they appear. Unfortunately, Grand Capital is not as licensed as many top brokers in the financial market.
Limited Trading Platforms: Grand Capital only has three trading platforms; MT4, MT5, and Grand Trade.
TickmillBonusWelcome Account by TickmillBest For High Balance TradersRegulated by FCA, FSAAdd to compare list3.9 / 5Start tradingPros, cons & fees
Regulated by multiple authorities, including FCA and CySEC
Low minimum deposit requirement
Offers a wide range of trading instruments, including cryptocurrencies
No social trading platform or copy trading feature
No fixed spreads are available
Limited options for account funding and withdrawal
xChief (ex. ForexChief)BonusNo-Deposit Bonus by xChiefBest For Contract TradingRegulated by VFSC, ASIC, MISAAdd to compare list3.9 / 5Start tradingPros, cons & fees
Low minimum deposit requirement of $10 across all account types.
Beneficial trading terms such as low trade volume, starting at 0.01 lots, and tight spreads, starting from 0 pips.
Availability of multiple payment methods for deposits and withdrawals without any fees from the Broker's end.
Non-compliance with ESMA leverage capping may not be suitable for traders looking for low-risk options.
Unclear compensation levels in case of any mishap, with each case being reviewed separately.
Octa FXBonusDeposit Bonus for Referred Users by OctaFx1:1000 Max LeverageMin deposit $10Max leverage 1:1000Regulated by CySEC, FSCA, MISAAdd to compare list3.8 / 5Start tradingPros, cons & fees
Competitive Spreads and No Commissions
High Leverage Options
Fast Withdrawal Processing
Limited Range of Tradable Instruments
Not Regulated in Top-Tier Jurisdictions
Limited Educational Resources
FXDDBonusNo Deposit Trading Bonus by FXDDNegative Balance ProtectionMin deposit $250Max leverage 1:50Regulated by MFSAAdd to compare list3.7 / 5Start tradingPros, cons & fees
Wide range of trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader.
Flexible and beginner friendly account types.
Negative balance protection.
Minimum deposits with FXDD can be quite higher than other brokers.
Accounts dormant for a long time may be charged inactivity fees.
No U.S clients.
OnFin brokerBonus100% welcome bonus1:1000 Max LeverageMin deposit $1Max leverage 1:1000Regulated by MISAAdd to compare list3.7 / 5Start tradingPros, cons & fees
High Leverage Options
Diverse Account Types
Multiple Trading Platforms
Recent Domain Creation
Limited Social Media Presence
Moderate Risk Rating