On-line since: About the company: Trader.bg is a regulated Bulgarian broker that offers trading currencies, indices, and CFDs. Company. Security of funds Trader.bg claims that over 200,000 active traders from more than 65 countries around the world operate with the company and invest in 1,500 financial instruments. The broker is owned by Trading 212 Ltd, which is licensed by the Financial Supervision Commission (license No. RG030237). The broker has the right to work within the whole European Union. Trader.bg keeps customers’ funds on segregated accounts. Trading terms The broker offers trading currencies, indices, and contracts for the difference in prices of currency pairs (for example, EUR/USD), indices (for example, German30), stocks (for example, Google), commodities (for example, Gold), and cryptocurrencies (for example, Bitcoin). The most traded instruments in the company are gold, EUR/USD, and oil. Demo accounts are also available for trading. Minimum initial deposit Whatever trading instrument is chosen by a client, the deposit is BGN 200 / USD 150 / EUR 100. This is hardly a large amount, although many brokers offer trading from $1. Spreads and commissions Spreads can be fixed and variable. For the most popular EUR/USD pair, spread starts from 0.00009 pip. The broker charges a commission for trading currencies, indices, and CFDs in the amount of 0.5% of the transaction. Additional fee is required for inactive accounts on which no transactions have been made within 6 months. Leverage Trader.bg allows clients to trade an amount that is 200 times bigger than that on a trading account. The leverage of 1: 200 is a great deal in the industry. Trading platforms The broker offers trading through the platform of its own development. Trader.bg is available on a PC and mobile applications for iPhone and Android. In order to get access to the platform through a mobile device, you should download applications from Google Pay or App Store. Analytics and news The broker provides a trader with educational materials: videos, useful tips and articles as well as free courses. Those who have completed the training and are ready to trade, can use financial news and economic calendar. Support service The customer service is available 24 hours a day, seven days a week by phone, online chat, email, and a feedback form. In addition, traders can find answers to the most popular questions in the FAQ section. The main office is located in Sofia. Payment methods Trader.bg accepts cash, bank transfers, credit and debit card payments. Funds deposited with the help of a credit or debit card are credited instantly (within five minutes), while a bank transfer takes 1-2 business days. Withdrawal to a bank account takes 1-2 days. The broker charges no commission for depositing and withdrawing funds. Advantages:
Disadvantages:
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Trader.bg security is unquestionable because they provide the best security. It's just that there are no bonuses here so traders can't have additional profits. Withdraw here the process is quite slow so many traders comment on it. Hopefully they can improve the withdrawal process to be better so that it is faster so that there are no obstacles that occur during the trading process.
I see different opinions, but the positive is more and more convincing. In my opinion, I'm satisfied with that broker. My trade at them always pleases me. I do not keep a large account balance and often withdraw money. When I make a plan, I take my money. Still never delayed payment. I have been trading with them for almost a year and their good services are consistent. Totally good choice to choose Trader.bg.
I say Trader.bg broker has the worst execution service on their MT4 platforms. I can't deal in a Prime account with Trader.bg broker, as I got huge slippage and they charge a huge spread. I wasn't able to make any profits and I've lost $230. So I want to close my account and withdraw the rest investment from Trader.bg broker.
Trader.bg is a reliable broker, and I would like to recommend them to all professional traders. I have been ten years in the forex world, and I just found the best broker for my trading. Trader.bg provides a high-quality trading platform, useful trading tools, and professionally doing all the business. Their MT4 platform is stable, the spread is fixed, and order execution is instant. They have real-price as in the market, and I'm so pleased with their client support which is so helpful and representative. I'm so satisfied to trade with Trader.bg.
I don't recommend Trader.bg broker. I was sent a withdraw request of 740$ from my balance on 21 February 2021 but my request did not approved till today. For this reason, I sent 15 plus mail to client support department, but I did not get any reply from their support. I have a doubt about Trader.bg’s honesty and transparency.
I opened an account at Trader.bg a week ago and so far, my trading activities are going smoothly. Since I am only starting, I only took a small leverage to minimize the risks. But when I get used to trading, I might get a higher leverage as well. This is great because this broker is generous when it comes to leverage.
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