Best cTrader Brokers in Bulgaria for 2024 - TOP 5

TU Expert Review for the best cTrader Brokers in Bulgaria

Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.

His opinion as for the best cTrader Brokers in Bulgaria is posted below.

FTMO - TU Expert Review

FTMO is a managing prop firm operating on the principle of a prop company. To receive money under management, a potential trader must successfully complete a two-stage active trading test. At each stage, requirements are set for the maximum allowable daily loss, total loss, and target profit level. The prop firm’s conditions are relatively loyal, but still, they can be difficult to successfully navigate. Regardless of the chosen testing package, the limits are 10% of the total loss. For comparison: other prop companies have allowable drawdowns of 15-20%. Despite the strict requirements for the test period, FTMO has a relatively low test cost beginning at €155. By comparison, in most companies in this sector, the entrance fee for passing the test is from €400-500. Another advantage is the availability of standard MT4/MT5 platforms and mobile app. Most other prop companies have their own or adapted platforms, while FTMO has standard platforms. This allows you to work with any custom indicators and advisors previously honed in the MetaTrader tester. My impression of FTMO remains positive. But after studying the conditions, it is clear that without trading experience, it makes no sense to try your hand at the test. Testing conditions are favorable for those who have worked previously with a demo account and are good at risk management. However, you can also gain experience on the company’s platform itself. There is a free version of the test that fully corresponds to the paid test.

FxPro - TU Expert Review

FxPro is one of the brokers that successfully combines marketing policy and technological development. The company has been in the market for more than 17 years and has been able to maximize its technical potential. Average order execution is up to 14-30 ms, while the market average is 100-150 ms. Average spreads for the EUR/USD pair range from 0.3 to 0.8 pips, and expansion at moments of fundamental volatility does not exceed 30-50%. You can check these numbers by installing a script for MT4/MT5. But there are no doubts that they are true. This is largely thanks to such liquidity providers as Barclays, Citibank, and RBS banks, which are FxPro's longtime partners. Trading conditions are ideal for everyone, regardless of experience level. Novice traders can improve their skills on demo accounts, which can be opened for any trading platform (cTrader, MT4/MT5, or FxPro Edge). All platforms, except FxPro Edge, support custom indicators, scripts, and Expert Advisors. There are auxiliary tools in the user account such as market sentiment, which is an indicator displaying the current position volumes and their number in both directions, volatility of currency pairs, analytics and tools of Trading Central, and news feed with streaming information. The number of payment methods is limited, but this is required by regulators. To compensate for this, FxPro guarantees instant processing of withdrawal requests and quick crediting of money. First impressions of the broker are positive, therefore it is rightfully included in the rating of the TU Top best companies. Check it out by opening a free demo account.

IC Markets - TU Expert Review

IC Markets has many years of experience in financial markets. It was incorporated in 2007 and provides its services in strict accordance with regulatory requirements so as not to lose its licenses and client trust. The broker constantly improves its services, ensuring software technical stability, a high level of data protection, and favorable trading conditions. IC Markets has been in Traders Union's top 20 Forex brokers for many years and is a constant partner. TU can recommend IC Markets to traders with different backgrounds, who use both short- and mid-term strategies, as well as expert advisors and custom indicators. The important advantage of IC Markets over other brokers is diversity. The company offers plenty of trading instruments: 60+ currency pairs, CFDs on futures, indices, commodities, metals, 2,100+ stocks (Nvidia stock, Apple stock, Google stock, Tesla stock etc.), bonds, cryptocurrencies. A wide range of account types, and a good choice of platforms for active and social trading. Other IC Markets advantages are three regulatory licenses, membership in the Financial Commission, and participation in several compensation schemes.

Traders Way - TU Expert Review

From the very beginning, Trader’s Way (TradersWay.com) has aspired to provide better products, technologies, and services to its customers. The broker offers a wide range of trading instruments, minimum deposits that are affordable to any trader, and high leverage. The broker’s customers have access to currency pairs, metals, and energies using the most popular platforms — MetaTrader 4, MetaTrader 5, and cTrader. Trader’s Way offers beneficial conditions primarily to professional traders. The ECN account provides access to working directly on the interbank exchange with popular assets and tight market spreads. Beginners on Forex can copy trades of experienced traders using the available social trading platforms. At the same time, due to several drawbacks (the absence of cent accounts and education materials), the broker cannot be considered the best option for novice traders. The company’s website has been localized in 11 languages, but we recommend using the English version, not the Russian one. The information about trading conditions in Russian is outdated: some data about the accounts and services do not correspond to reality. However, the operators of the online chat quickly clear up any inconsistencies (the response time is 3-5 minutes).

Tradeview - TU Expert Review

The Tradeview Markets broker has been providing trading services since 2004 and puts its best foot forward to provide clients with attractive trading terms. It is an ECN broker that provides direct access to over 50 liquidity providers and executes orders very fast. All quotes also come directly from liquidity providers, guaranteeing their objectivity. The broker offers clients two types of trading accounts with favorable trading terms. The spread in the company starts from 0.1 pips, and the fixed commission is $2.50. Tradeview Markets offers clients margin trading with the leverage of up to 1:400. The Tradeview Markets website provides all the information about commissions and current spreads. If necessary, the information can be clarified with the customer support staff. The Tradeview Markets broker made the Traders Union rating, thanks to favorable commissions, four types of trading terminals, the copy trading service, and a good reputation.