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Bulbrokers

Bulbrokers is a trade name of the Bulgarian brokerage company Bulbrokers EAD, which is regulated by the Financial Supervision Commission (FSC) and is subject to limited regulation by the Financial Conduct Authority (FCA).

After a detailed research we found that all information on the website is outdated and the information we have collected perhaps is not correct.

Bulbrokers offers two independent trading platforms – MetaTrader 4 and Trader Workstation. According to the company, customers could trade stocks, options, futures, options on futures, ETFs, indices, bonds and currency pairs. When dealing with the MetaTrader 4 platform, Bulbrokers acts as a market maker and provides quotes of the 26 currency pairs. When we look at the instruments list, we have found it’s also outdated and shows some old trading conditions.

In addition, Bulbrokers claims that using the Trader Workstation platform, clients get direct access to the Interbank market. Trader Workstation (TWS) is a proprietary platform of the company Interactive Brokers. The platform combines instrument prices from 13 of the world’s largest foreign exchange dealers and liquidity is supposed to be deep. We suggest the ECN services can be done via this platform, but we couldn’t find any explanation about this. The minimum deposit amount is EUR100.

Unfortunately, the company webpage is not updated regularly and most of the links are broken. The News and Analysis section is totally outdated; the charts and quotes section doesn’t work at all; the economic calendar doesn’t show the actual values.

Given the state of the website and totally outdated documents that do not comply with ECMA requirements, we do not recommend any interaction with this company, at least until its status is clarified.

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