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Financial Supervision Commission (FSC)

Bulgaria
Bulgaria
Regulated by Government of the Republic of Bulgaria, European Securities and Markets Authority (ESMA)
Introduction

The Financial Supervision Commission (FSC) of Bulgaria is the national regulatory authority overseeing non-banking financial markets, including investment firms, forex and CFD brokers, and insurance companies. As a member of the European Union, FSC Bulgaria adheres to MiFID II and ESMA standards, ensuring strong consumer protections and operational transparency.

 

The Financial Supervision Commission of Bulgaria (FSC) offers a MiFID II-compliant regulatory structure, protecting traders through ESMA-aligned rules, transparent licensing, and investor compensation. Use only FSC-authorized firms and verify licenses directly through the public register.

Leverage limits
  • 30:1 for major forex pairs
  • 20:1 for non-major pairs and gold
  • 10:1 for commodities and indices
  • 5:1 for equities
  • 2:1 for cryptocurrencies
Responsibilities & role in forex trading
  • Licenses and supervises investment intermediaries offering forex and CFDs
  • Implements EU-wide MiFID II conduct rules and passporting procedures
  • Enforces ESMA’s leverage caps, margin rules, and client classification standards
  • Publishes public warnings and maintains a searchable license register
How to verify regulation?
  1. Visit the FSC Public Register
  2. Navigate to Licensed Investment Intermediaries
  3. Search by broker name or license number to confirm regulatory status
Frequently asked questions
Details

Country

Bulgaria

Established

2003

Customer support

Contact

+359 2 9404 999

Complaint channels

Complaint bodies

Financial Supervision Commission (FSC), Bulgarian Consumer Protection Commission – for retail client disputes

Hotline

+359 2 9404 999

Complaint email

delovodstvo@fsc.bg

Financial instruments regulated
  • Forex
  • Derivatives
  • Last updated on: April 07, 2025