No sign that Euro Finance actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.

Moderate risk

Scam Risk Scoremonitored · 2026-07-28

Lower riskHigher risk

Withdrawal complaints in ~200% of recent reviews

How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

Factor	Score	Weight
Regulation & licensing	38	35%
Company age	22	15%
Clone / impersonation	0	12%
Withdrawal & exposure complaints	24	12%
Offshore registration	45	8%
Transparency (site/info/social)	50	10%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company

Legal nameEURO FINANCE

Headquarters Bulgaria

Founded2019-08-21

Years operating5-10 years

Employees0

Official websiteeurofinance.bg

Trading conditions

Avg execution speed0 ms

Avg slippage0

Swap rating—

Trading cost rating—

Monitored traders0

Monitored orders0

Funding & instruments

Deposit methods—

Withdrawal methods—

Instruments—

Registered address

43 Christopher Columbus Blvd., 5th Floor, 1592, Sofia, Bulgaria.

Regulation & licenses · 1

Regulator	License type	License No.	Region	Status
FSC	Derivatives Trading License (EP)	РГ-03-0004	Bulgaria	Regulated

Review analysis AI

EuroFinance is a Bulgarian-regulated broker offering a mix of securities and leveraged CFD trading. Its regulation by the FSC provides a baseline of European oversight, but the lower compensation limit and Bulgaria's less prominent regulatory reputation may concern some traders. The broker's transparency on fees and long operational history are positives, but the discrepancy in the founding date and limited independent reviews mean traders should proceed with caution. Overall, FXCanary's Guarded risk score (30/100) reflects a moderate level of risk.

Best for

Bulgarian residents looking for a locally regulated broker
Traders who want access to both Bulgarian stock exchange and international markets
Investors seeking a broker with a long-established presence in Bulgaria
CFD traders using MetaTrader 5 with no commission on forex and CFDs

Not for

Traders who prefer strong regulatory oversight from top-tier authorities like FCA or CySEC
Clients outside the EU seeking compensation schemes (limited to €20,000)
Traders needing high leverage on CFDs (leverage limits apply under EU regulations)

Period:

What users complain about

Where reviewers are from

Philippines1

Real user reviews

Where Euro Finance operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇧🇬 Bulgaria Licensed

🇵🇭 Philippines 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

Similar brokers

FXMERIDIAN

Bulgaria · TP 3.1

Guarded ⇄ Compare with Euro Finance

PROFIT TRADE

Bulgaria · TP 1.2

Severe ⇄ Compare with Euro Finance

Tradezmarket

Bulgaria · TP 2.1

Severe ⇄ Compare with Euro Finance

ALARIC SECURITIES

Bulgaria · TP 4.4

Guarded ⇄ Compare with Euro Finance

What Euro Finance says about itself as stated by the broker · not independently verified by FXCanary

Who We Are

EuroFinance states it was founded in 1994 and is one of the largest and most reliable licensed investment companies in Bulgaria. It claims to provide top-class financial services in line with high European regulatory standards. In 2005, the broker launched its own electronic trading platform EFOCS, and in 2009 became the first licensed Bulgarian investment firm and a full member of the Frankfurt Stock Exchange (Deutsche Börse). In 2020, it entered a strategic partnership with Amundi Asset Management.

Services

According to the broker's website, EuroFinance offers access to over 45,000 global stocks, bonds, ETFs, and cryptocurrencies. It provides trading on the Bulgarian Stock Exchange (BSE) and Deutsche Börse (Xetra & Frankfurt). For CFDs, it offers tight spreads, no dealing desk execution, and negative balance protection. The broker also offers savings plans and investments through Amundi funds. It advertises low commissions and no hidden costs or added spreads.

Platforms

EuroFinance reports that it offers the EF MetaTrader 5 platform, which includes advanced analytical tools, algorithmic trading via Expert Advisors, and copy trading. The platform is available on desktop, web, and mobile devices. The broker also mentions its proprietary EFOCS platform for trading Bulgarian securities and CFDs.

Fees and Pricing

The broker claims there are no fees for placing, modifying, or cancelling orders, no safekeeping fees, no real-time price access fees, no deposit fees (though payment operators may charge), and no inactivity fees. Commissions for BSE shares are 0.30% for retail clients, and for Xetra trades 0.05% (minimum €4). CFD trading is advertised with no fees or commissions and tight spreads.

Regulation and Safety

EuroFinance claims to be regulated by the Bulgarian Supervision Commission (FSC) under license number РГ-03-0004/11.07.2008. It states it is a member of the Bulgarian Stock Exchange, Deutsche Börse, the Investor Compensation Fund, and BALIF. The broker highlights €7.19 million share capital, €20,000 client asset protection, and over €500 million client assets.

About Euro Finance

Company Overview

EuroFinance is a Bulgarian investment firm headquartered in Sofia at 43 Christopher Columbus Blvd., 5th Floor. The company was founded on 21 August 2019 (though its website claims founding in 1994, which may refer to a predecessor entity). It operates under the official domain eurofinance.bg and provides online trading services across multiple asset classes, including stocks, ETFs, bonds, cryptocurrencies, and contracts for difference (CFDs) on forex, indices, and commodities.

In FXCanary's assessment, EuroFinance presents itself as a well-established local broker with a long history in Bulgaria. However, the discrepancy between the registered founding date and the claimed founding year warrants attention. The broker's focus is on both Bulgarian and international markets, offering access to the Bulgarian Stock Exchange (BSE) and Deutsche Börse (Xetra & Frankfurt).

Regulation and Licensing

EuroFinance is authorized and regulated by the Financial Supervision Commission (FSC) of Bulgaria under a Derivatives Trading License (EP). The license number referenced on its website is РГ-03-0004/11.07.2008, indicating a long-standing regulatory relationship. The FSC is the competent authority for investment firms in Bulgaria, operating under MiFID II standards.

The broker also claims membership in the Bulgarian Stock Exchange, Deutsche Börse, the Investor Compensation Fund, and BALIF. The Investor Compensation Fund provides protection up to €20,000 per client, as stated on the website. This regulatory framework places EuroFinance under European oversight, though Bulgaria is not a major financial hub, which may affect the perceived stringency of supervision.

Trading Instruments and Markets

According to the official website, EuroFinance offers a broad range of tradable instruments. Clients can invest in over 45,000 global stocks, including Bulgarian and international equities, more than 29,000 government and corporate bonds, and a variety of ETFs. The broker also provides access to cryptocurrencies such as Bitcoin and Ethereum on a regulated market. For leveraged trading, CFDs are available on forex pairs, indices, and commodities like oil and natural gas.

This multi-asset offering positions EuroFinance as a versatile broker suitable for both traditional investors and active traders. The inclusion of over-the-counter (OTC) derivatives like CFDs alongside exchange-traded securities is typical of many European investment firms. The broker emphasizes competitive spreads and no hidden costs for CFD trading.

Account Types and Platforms

EuroFinance does not explicitly list multiple account tiers on its website. Instead, it appears to offer a unified account structure for retail and professional clients. The broker provides two main platforms: its proprietary EFOCS platform for trading Bulgarian securities and CFDs, and the widely recognized MetaTrader 5 (MT5) for forex and CFD trading. MT5 is available on desktop, web, iOS, and Android, and supports advanced analytical tools, algorithmic trading, and copy trading.

The broker also offers a free demo account for practice. The website mentions no minimum deposit requirement, but the fee schedule indicates a minimum commission per order on some markets. Deposit and withdrawal methods are not detailed, but the broker states it does not charge deposit fees, though payment operators may levy their own charges.

Fees and Commissions

EuroFinance's fee structure varies by market and instrument. For Bulgarian Stock Exchange (BSE) share trades, retail clients pay a 0.30% commission with a minimum of €3.50 per order. Trades on Xetra are charged at 0.05% (minimum €4), and on Börse Frankfurt at 0.10% (minimum €6). Bond trades on BSE incur a 0.10% commission. There are no fees for order placement, modification, cancellation, safekeeping, real-time prices, or inactivity.

For CFD trading, the broker claims no fees or commissions, operating on a spread-only model. This is common for retail FX/CFD brokers. The transparency of the fee schedule is a positive point, though investors should be aware that spreads may vary. The broker's fee structure appears competitive, particularly for active traders on Deutsche Börse markets.

Client Protection and Security

EuroFinance highlights several client protection measures. It is a member of the Bulgarian Investor Compensation Fund, which covers eligible clients up to €20,000 in the event of the firm's insolvency. The broker also claims negative balance protection for CFD trading, meaning clients cannot lose more than their deposited funds. The website states a share capital of €7.19 million and over €500 million in client assets, indicating a substantial operational scale.

The broker is registered in Bulgaria and subject to local anti-money laundering (AML) regulations. However, because Bulgaria is an EU member state, EuroFinance must comply with MiFID II requirements on client money segregation and reporting. These safeguards provide a reasonable level of protection, though the compensation limit is lower than in some other EU countries.

Overview compiled by FXCanary from regulatory records and public data. full Euro Finance review