Forex license Bulgaria
Get a quoteA forex or CFD broker in Bulgaria is licensed by the Financial Supervision Commission (FSC) as an investment intermediary under MiFID II. We prepare the application file and the company behind it; the FSC decides.
Which license does a forex broker need in Bulgaria?
An investment intermediary license from the FSC. Our reference file lists the FSC as the authority that “licenses investment intermediaries (MiFID II)”, and that is the regime a forex or CFD business falls under: the client trades financial instruments, not currency for payment purposes.
The same FSC is also the authority for crypto-asset service providers, but under a different law: the Markets in Crypto-Assets Act. A broker that adds crypto trading needs to look at both regimes — the MiCA transitional period in Bulgaria ended on 2026-07-016, so an unauthorised crypto service can no longer serve clients.
Payment and e-money services are not FSC business at all. They are licensed by the Bulgarian National Bank, and a broker that wants to hold client money as e-money would be applying to a second regulator.
What does a forex license in Bulgaria cost?
We do not have a published package for this license, so we price it after reading your business plan. The quote covers our part — the company, the application file, the policies — and lists FSC fees separately.
The capital the firm must hold depends on the services it will provide and is set by the FSC and EU rules. Our reference file does not yet contain a checked figure, so we do not print one here; you receive it with its source in the written quote.
How long does it take?
Two clocks run here. Ours is the time to prepare a complete file; it depends on how ready your business plan, people and systems are, and we state it in the quote.
The FSC’s review time is not published in our reference file, so we do not promise one. The only fixed figure is the company itself: electronic registration with the Commercial Register typically takes up to 3 days5 once the documents are ready.
Can a Bulgarian investment firm serve clients in other EU countries?
Bulgaria is an EU member and MiFID II is an EU regime, but our reference file does not yet hold the checked passporting steps and deadlines for investment firms. We confirm them for your target countries in the quote rather than summarise them here.
For crypto services the route is documented: an authorised CASP passports by notification to its home authority under MiCA. See our page on crypto tax in Bulgaria for how that side of a business is taxed.
Who this is not for
- A business that only processes payments or issues e-money: that is a Bulgarian National Bank license, not an FSC one.
- A crypto exchange or wallet provider with no investment services: it needs MiCA authorisation as a CASP.
- Anyone looking for a license “in 30 days” or a guaranteed approval: the FSC decides on its own timetable.
- A founder who cannot show real management and compliance staff: the FSC assesses the people, not only the documents.
What we do and what we do not
We register the company, prepare the application file and the internal policies, and file it with the FSC. We do not represent anyone before a court and do not promise the FSC’s decision.