Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Bulbrokers Pros & Cons
- Strict cross regulation by the central banks of Bulgaria, Romania and financial commissions.
- In addition to MT4, a popular Forex platform, there is also a professional mobile version of Trader Workstation.
- Educational base.
- Information on the website is not updated. The news are dated 2017-2018, price widgets don’t show latest information.
- A large part of information on trading conditions is not available on the broker’s website.
Bulbrokers provides superior financial services being regulated by the FSC (РГ-03-0009/14.07.2008) in the EU and by the Bulgarian National Bank (BNB) in Bulgaria. Additionally, Bulbrokers is authorized by the FCA and by the Romanian National Securities Commission (CNVM).
Bulbrokers business activities fully comply with standards of multiple regulatory bodies and financial organizations the company is registered with - the Bulgarian Stock Exchange Sofia, The Central Depository, Investor Compensation Fund, The Bulgarian Association of the License Investment Intermediaries. Furthermore, the company operates strictly according to MiFID.
TU Expert Verdict
Bulbrokers demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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Bulbrokers User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of Bulbrokers have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Bulbrokers with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Bulbrokers’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Bulbrokers Standard spreads Bulbrokers OANDA FOREX.com EUR/USD min, pips 0.2 0.1 0.7 EUR/USD max, pips 0.5 0.5 1.2 GPB/USD min, pips 0.3 0.1 0.9 GPB/USD max, pips 0.7 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Bulbrokers RAW/ECN spreads Bulbrokers OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.1 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Bulbrokers. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Bulbrokers Non-Trading Fees Bulbrokers OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0-0.4 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0-0.35 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Bulbrokers Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9.6 /10Bulbrokers has a safety score of 9.6/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 21 years
- Strict requirements and extensive documentation to open an account
Bulbrokers Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
FCA UK Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 Abbreviation FSC (Bulgaria) Full Name Financial Supervision Commission Country of regulation Bulgaria Investor Protection Fund Up to €20,000 Regulation Level Tier-2 Abbreviation ASF (Romania) Full Name Comisia Națională a Valorilor Mobiliare Country of regulation Romania Investor Protection Fund Up to €20,000 Regulation Level Tier-2 Bulbrokers Security Factors Foundation date 2005 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4 /10Bulbrokers offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Standard account with balanced trading conditions
- Demo account
- Micro lots are not available
- No VIP account option
Bulbrokers account types vs top competitors Bulbrokers Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNo -
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.5 /10Bulbrokers received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Bulbrokers provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- Bank wire transfers available
- No deposit fee
- BTC not available as a base account currency
- BTC payments not accepted
- Only major base currencies available
What are Bulbrokers deposit and withdrawal options?
Bulbrokers provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill.
Bulbrokers Deposit and Withdrawal Methods vs Competitors Bulbrokers Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are Bulbrokers base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Bulbrokers supports the following base account currencies: USD, EUR, BGN.
What are Bulbrokers's minimum deposit and withdrawal amounts?
The minimum deposit on Bulbrokers is $100, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Bulbrokers’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria3.5 /10Bulbrokers offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 26 Forex pairs.
- Indices trading
- Multiple markets
- Crypto trading not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by Bulbrokers with its competitors, making it easier for you to find the perfect fit.
Bulbrokers Trading.com Plus500 Currency pairs 26 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products Bulbrokers offers for beginner traders and investors who prefer not to engage in active trading.
Bulbrokers Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Bulbrokers by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with Bulbrokers in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Bulbrokers is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fully online account opening process
- Account approval may require extra time depending on the documentation.
- Registration process may take longer than expected
Bulbrokers account opening Bulbrokers Trading.com Plus500 Online Registration YesYesYesMinimum deposit $100 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 2 3 Is Bulbrokers available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
A trader can start trading after opening a live account, which can be done directly on the broker's website. Here's a quick guide on how to open an account:
Go to the company's homepage and click "Open Live Account."
Individual traders need to check the "Individual Account" box.
Set the parameters for your future account: trading platform, base currency, and leverage size.
Select your country of residence from the list and provide other personal details in the form: first name, last name, gender, date of birth, and address.
Provide your phone number and email. These will be used by Bulbrokers staff to contact you.
After registering the account, the trader is can:
- Complete verification.
- Make a deposit.
- Install trading software.
- Manage the account.
- Generate trading reports.
- Open demo accounts.
- Submit withdrawal requests.
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Customer Support
Score:We evaluated Customer Support at Bulbrokers by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria3.5 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
Contacts Foundation date 2005 Registration address 18, Krakra Street, 1 floor Sofia Regulation FSC (Bulgaria) Official site bulbrokers.com Contacts office@bulbrokers.com (+359 2) 4893 715, 4893 798, (+359 88) 6423 400
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FAQs
How secure is trading with Bulbrokers according to its regulation and safety review?
The review states that Bulbrokers has a safety score of 9.6/10, described as a High security level, and is regulated by the FCA in the UK (Tier-1) as well as by regulators in Bulgaria and Romania (Tier-2). It also notes features such as negative balance protection, mandatory KYC verification, and participation in investor compensation schemes with coverage up to £85,000 in the UK and up to €20,000 in Bulgaria and Romania.
What account types are available at Bulbrokers and what limitations are mentioned?
According to the review, Bulbrokers offers Demo, Standard, and ECN/Raw spread accounts, with a low minimum deposit and a Standard account described as having balanced trading conditions. However, it does not provide Cent, Micro, Swap Free, VIP, or Managed accounts, which is highlighted as a potential drawback for some users.
What do Bulbrokers user reviews and feedback say about overall client satisfaction?
The user satisfaction score for Bulbrokers is reported as 2/10, based on 4 user reviews. According to user reviews, all of the ratings are 1-star, so the overall tone of the feedback in this section is mostly negative.
What do reviews say about Bulbrokers deposit and withdrawal methods and conditions?
The review describes Bulbrokers’ deposit and withdrawal processes as having a Medium safety score, with a basic range of methods including bank cards, bank wire transfers, and Skrill, and no deposit fees. It also notes that only major base currencies (USD, EUR, BGN) are supported, BTC is not available as a base currency, Wise is not supported, and the minimum deposit is $100 while the minimum withdrawal is $1, with possible variations by account type and payment method.
How is Bulbrokers trading account opening process described in the review?
The review states that opening an account with Bulbrokers is fully online, took 20 minutes for registration, and that KYC verification was completed within 2 business days, with a minimum deposit of $100. It is described as one of the more accessible onboarding procedures, though the review also notes that account approval and registration may sometimes take longer depending on the documentation.
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