Bulbrokers offers tradable resources just as institutional counseling administrations and resources the executives. See whether Bulbrokers is protected or a trick as we uncover licenses, trading stages, charges, online rewards, and more in this review.
Bulbrokers EAD is a monetary administrations supplier situated in Bulgaria and managed in the EU by the Financial Supervision Commission (FSC), the UK Financial Conduct Authority (FCA), and the Romanian National Securities Commission (CNVM).
The merchant offers more than 16 years of involvement to more than 30,000 clients worldwide, from Bulgaria to Greece, giving admittance to monetary forms, alternatives, prospects, shares, lists, securities, and assets.
TWS is an excellent, wholly highlighted stage offering direct interbank admittance to securities, stocks, fates, alternatives, and forex on more than 100 worldwide business sectors. The set utilizes cutting-edge innovation that courses and re-courses request to accomplish ideal execution.
The stage upholds more than 50 request types just as extensive essential and specialized examination. There’s likewise admittance to a scope of different apparatuses, including BookTrader, OptionTrader, and SpreadTrader.
Bulbrokers offers the MT4 stage for trading FX and CFDs and admins the Bulgarian Stock Exchange (BSE-Sofia). Numerous individuals support MT4 for its usability and excellent interface, offering custom graphing devices for specialized examination, chronicled information, live statements, and admittance to Expert Advisors for computerized trading.
But brokers offer more than 25 money sets, many Bulgarian and worldwide stock lists, in addition to CFD contracts on the MT4 stage. The TWS stage additionally gives admittance to a scope of different resources, including prospects, choices, and bonds. While a sensible measure of items, the rundown of forex sets is unassuming, and the representative doesn’t offer digital money trading.
Bulbrokers charge commissions relying upon the stage utilized. In TWS, stock trading commissions start at 0.015 USD per share for US stocks. For European stocks, commissions start from 0.15% of a load of ETF esteem. A complete yet complex rundown of commissions can be found on the site, yet straightforwardness is inadequate regarding gliding spreads.
You can use up to 1:200 on the MT4 stage. However, this review was disillusioned to see an absence of data encompassing the edge call measure and any influence varieties between items.
Mobile Trading Review
The MT4 portable application is for nothing and accompanies simple one-contact trading usefulness, specialized pointers, financial news, and live costs. You can download the application from the iPhone App Store or Google Play for Android.
The TWS stage is likewise accessible on cell phones, furnishing admittance to more than 100 business sectors with account the board devices, graphing investigation, and ongoing statements.
Deposits & Withdrawals
Subsidizing is somewhat restricted at Bulbrokers and is accessible in USD, EUR, or BGN by bank move, credit/check card, or sales register. But brokers don’t charge any store expenses. However, any delegate bank or card charges are the duty of the customer.
For withdrawals of more than 1,000 BGN through the sales register, the commission is 0.20%. Therefore, withdrawals utilizing unfamiliar money will cost 0.40% for sums over what might be compared to 1,000 BGN (around 600 USD).
Demo accounts are accessible in both the MT4 and TWS stages, which can be utilized to test the trading climate and experience live costs. The TWS PaperTrader practice account permits you to exchange with 1,000,000 USD in virtual assets. Guidelines on the best way to set up the demo accounts are given on the site
Bonuses & Deals
At the hour of composing, Bulbrokers doesn’t offer any store rewards or limited-time bargains. However, you can follow the representatives’ online media pages or sites for any future offers.
Bulbrokers is enrolled as a monetary foundation (BNB) and is directed by the Financial Supervision Commission (FSC). Accordingly, the representative is additionally liable to the restricted guideline by the UK Financial Conduct Authority (FCA) and the Romanian National Securities Commission (CNVM).
Bulbrokers is an individual from the Bulgarian Stock Exchange, the Investor Compensation Fund, controlled by the Markets in Financial Instruments Directive (MiFID).
Aside from some short pages on specialized investigation and a glossary, Bulbrokers doesn’t offer much instructive substance or assets. Luckily there are some different apparatuses inside the MT4 and TWS stages, including admittance to trading robots and system devices like OptionTrader. There is likewise a financial schedule. Unfortunately, however, it’s anything but stayed up with the latest.
Bulbrokers offers a solitary record structure for forex and CFD trading. Yet, shockingly, merchants will not discover any data on account determinations on the specialist’s site. The absence of detail shows another straightforwardness concern and an ineffectively overseen area.
Proficient and institutional dealers should reach out to the intermediary straightforwardly about speculation portfolios and other institutional administrations.
If you choose to exchange with Bulbrokers, you profit with:
MT4 and TWS stages
Scope of resources for exchange
There might be a few disadvantages to enrolling for a Bulbrokers account:
Straightforwardness issues and missing data
Restricted financing strategies
No live visit
Trading hours for all instruments rely upon the worker opening occasions of the trading stage you are utilizing. You can get to working hours by signing into MT4 or TWS and tapping on the instrument particulars.
Help is accessible somewhere in the range of 09:00 and 17:00 ET through email or phone. Sadly Bulbrokers doesn’t offer a live talk administration.
Email – firstname.lastname@example.org
Phone – (+359) 2 4893 715
For amateurs or those searching for a solid client assistance group, Bulbrokers is presumably not an ideal alternative.
The MT4 and TWS stages use encryption cycles and two-factor validation (2FA) to ensure customer information inside the workers. 2FA is a discretionary element that permits you to add email and telephone confirmation at the login stage.
Bulbrokers offers an excellent choice of resources, two mainstream trading stages, and versatile arrangements. In any case, the absence of straightforwardness and rationality around account subtleties is frustrating. Thus, there are a couple of reasons in this review notwithstanding the EU licenses to address whether Bulbrokers is protected and dependable.
Bulbrokers acknowledges merchants from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most different nations.
Brokers can not utilize Bulbrokers from the United States.
Alternatives to Bulbrokers
On the off chance that you are searching for options in contrast to Bulbrokers, we have ordered a rundown of the best five merchants that are like Bulbrokers beneath. This rundown of specialists like Bulbrokers is arranged by comparability and incorporates organizations that acknowledge brokers from your area.
Infinox – Infinox is a UK-based merchant offering MT4 trading with tight spreads.
LMFX – LMFX offers online forex and stock trading with low expenses and strong influence.
Hantec Markets – Hantec Markets is a multi-directed online FX merchant offering MT4 and a customized administration giving tremendous adaptability to suit any broker.
Fortrade – Fortrade is a multi-resource representative contributing a primary live record with cutting-edge instruments.
Dukascopy – Dukascopy is Swiss-based forex, CFD, and twofold choices, specialist
Is Bulbrokers regulated?
Bulbrokers EAD is regulated by the Financial Supervision Commission (FSC) in Bulgaria, the Financial Conduct Authority (FCA) in the UK, and the Romanian National Securities Commission (CNVM).
Does Bulbrokers offer a demo account?
Yes, you can open a demo account on the MT4 or TWS platforms. Clients get a hefty bankroll and full access to simulated trading products.
Does Bulbrokers accept clients from the USA?
No, Bulbrokers does not accept US clients. Traders from most other countries are accepted, however.
How do I open a Bulbrokers account?
You can open a live account from the main website page. You will need to provide your details and select your chosen platform and base currency before verifying your account.
How can I deposit into my Bulbrokers account?
You can fund your account via bank transfer, credit/debit card, or by using a cash register at the main office