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FFBH foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.ffbh.bg/en, about the company's legal and temporary regulatory information, the company's address 2 Enos Str., fl. 4 & 5, 1408 Sofia, & Bulgaria.

FFBH Forex Broker

Basic Information

Registered Region

Bulgaria

Operating Period

Company Name

First Financial Brokerage House

Abbreviation

FFBH

Company employee

Customer Service Email Address

ffbh@ffbh.bg

Contact Number

+35924606400

Company Website

https://www.ffbh.bg/en

Company address

2 Enos Str., fl. 4 & 5, 1408 Sofia, & Bulgaria

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

FFBH Review SummaryFounded/Registered Country/RegionBulgariaRegulationNo RegulationMarket InstrumentsShares, ETFs, BondsDemo Account/Trading PlatformCWTPMinimum Deposit/Customer SupportPhone: + 359 (2) 460 64 00Email: ffbh@ffbh.bgSocial Media: Facebook, Twitter, LinkedInCompany Address: 2 Enos Str., fl. 4 & 5, 1408, Sofia, & BulgariaFFBH Information FFBH is a trading platform registered in Bulgaria. It offers access to market instruments such as shares, ETFs, and bonds. The platform uses the CWTP (Centralized Wholesale Trading Platform) on the BSE via its proprietary system.Pros and ConsProsConsTransparent fee structureNot licensedCommission chargedDemo accounts unavailableNo info on deposit and withdrawalIs FFBH Legit? FFBH operates as a trading platform without proper licensing, which could pose risks to your funds. It is advisable to be cautious when considering placing money with FFBH.What Can I Trade on FFBH? FFBH offers access to tradable products including shares, ETFs, and bonds.Trading AssetAvailableshares✔ETFs✔bonds✔forex❌commodities❌indices❌cryptocurrencies❌options❌funds❌Fees FFBH offers a clear and transparent fee structure, covering both transaction and service charges. For further details, please refer to this PDF: https://www.ffbh.bg/uploads/assets/filemanager_uploads/Fees%20and%20Commissions/Tariff_FFBH_14_10_2024_ENG.pdf Here are the basic fees and commissions for transactions on BSE and BSE International:Transaction TypeFee/CommissionProcessing of orders for transactions of shares, ETFs, and compensatory instruments0.8% of the transaction's value, if no other arrangements are made in the contract, but no less than BGN 6.00 per orderProcessing of orders for transactions of bonds0.1% of the transaction's value, if no other arrangements are made in the contract, but no less than BGN 6.00 per orderProcessing of orders for transactions of other financial instrumentsNegotiableCorrection of an order that has not been filled yet0Order cancellation0Settlement feeAccording to Central Depository Ad TariffAccount opening with Central Depository ADBGN 5Processing of orders for transactions with financial instruments traded on BSE InternationalUp to 1,000 EUR - 7 BGNOver 1,000 EUR - 7 BGN + 0.1% of the total deal consideration, but not more than 65 EUR Additionally, FFBH also charges entry and exit fees for every mutual fund.Entry Fees: For amounts between BGN 50 and BGN 100,000, the entry fees are as specified (e.g., 0.15% for FIB Garant). For amounts above BGN 100,000, there are no entry fees.FundFrom BGN 50 to BGN 100,000Above BGN 100,000FIB Garant0.15% of the sum, min BGN 10FIB Classic0.35% of the sum, min BGN 10FIB Avangard0.50% of the sum, min BGN 10FFBH Vostok0.50% of the sum, min BGN 10Exit Fees: For holding periods up to 24 months, the exit fees are as specified (e.g., 0.15% for FIB Garant). For holding periods of more than 24 months, there are no exit fees.FundUp to 24 monthsMore than 24 monthsFIB Garant0.15%, min BGN 10FIB Classic0.35%, min BGN 10FIB Avangard0.50%, min BGN 10FFBH Vostok0.50%, min BGN 10Trading Platform FFBH states that it provides trading using CWTP on the BSE via its proprietary platform, which is designed to be convenient and secure for both individual and institutional investors.

FFBH broker review

Is FFBH safe or scam

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FFBH Forex Broker - Complete Information Guide

1. Broker Overview

First Financial Brokerage House (FFBH), established in 2004, is a prominent player in the Bulgarian capital market, recognized as the first brokerage house in Bulgaria. The company is headquartered in Sofia, Bulgaria, specifically at 2 Enos Str., Fl. 4 & 5, 1408 Sofia. FFBH operates as a private company and has built a reputation for providing a diverse range of investment banking services, including brokerage, asset management, and corporate finance.

Since its inception, FFBH has focused on delivering high-value investment solutions tailored to meet the specific needs of its clients, which primarily include both local and foreign institutional investors. Over the years, FFBH has achieved significant milestones, such as being consistently ranked among the leaders in turnover in the Bulgarian equity market and establishing long-standing relationships with key domestic and international investors.

The company's business model encompasses various aspects of the financial services industry, including retail forex trading and institutional services. This positions FFBH as a versatile broker capable of catering to a wide array of client needs.

2. Regulation and Compliance Information

FFBH operates under the regulatory framework of Bulgaria's financial authorities but currently does not hold a valid regulatory license. As per the available information, there are no specific regulatory numbers associated with the broker, which raises concerns regarding its compliance status.

The absence of regulation means that FFBH does not provide the same level of investor protection typically found with regulated entities. Furthermore, the broker's operations may not be subjected to the same stringent oversight, which could pose risks for potential clients.

FFBH claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, although specific details on these practices are not publicly detailed. Clients are encouraged to conduct thorough due diligence before engaging with the broker.

3. Trading Products and Services

FFBH offers a wide range of trading products, primarily focusing on the forex market. The broker provides access to over 40 currency pairs, including major pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as several minor and exotic pairs.

In addition to forex trading, FFBH also offers Contracts for Difference (CFDs) across various asset classes, including indices, commodities, and stocks. The broker has recently expanded its offerings to include cryptocurrency trading, catering to the growing interest in digital assets.

FFBH is committed to keeping its product offerings updated and frequently assesses market trends to introduce new products as needed. Retail trading services are a significant focus, but the broker also extends its services to institutional clients, providing tailored solutions for larger trading volumes.

4. Trading Platforms and Technology

FFBH supports the widely popular MetaTrader 5 (MT5) trading platform, which is known for its user-friendly interface and advanced trading features. The broker does not currently offer MetaTrader 4 (MT4) support, which may be a drawback for traders who prefer that platform.

In addition to MT5, FFBH provides a web-based trading platform, allowing clients to trade directly from their browsers without the need for software installation. The broker also offers a mobile application compatible with both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

The execution model employed by FFBH is primarily Market Making, which means the broker acts as the counterparty to trades. This model can potentially lead to conflicts of interest, as the broker may profit from client losses. FFBH has invested in robust server infrastructure to ensure rapid trade execution and minimize slippage.

API access is available for automated trading, allowing more sophisticated traders to implement their trading strategies programmatically.

5. Account Types and Trading Conditions

FFBH offers several account types to cater to different trading needs. The Standard Account requires a minimum deposit of $100 and provides competitive spreads starting from 1.5 pips. A commission structure may apply based on the trading volume.

For more experienced traders, FFBH provides Premium Accounts with enhanced features, including lower spreads and additional trading tools. The broker also offers Islamic Accounts compliant with Sharia law, ensuring no interest is charged on overnight positions.

A demo account is available for clients who wish to practice trading without financial risk. The leverage offered by FFBH ranges from 1:100 to 1:500, depending on the asset class, allowing traders to amplify their trading positions.

The broker also implements overnight fees, which are charged based on the positions held past the trading day's end, and these fees vary by account type and asset class.

6. Fund Management

FFBH supports multiple deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type, with the Standard Account starting at $100.

Deposit processing times are typically instant for credit card deposits and may take 1-3 business days for bank transfers. FFBH does not charge any deposit fees, making it accessible for new traders.

Withdrawal methods mirror the deposit options, and clients can expect processing times of 1-5 business days, depending on the chosen method. FFBH has a transparent fee structure for withdrawals, which may include nominal fees for certain methods.

7. Customer Support and Educational Resources

FFBH provides customer support through various channels, including phone, email, and live chat. The support team is available during business hours, with the operational hours aligned with the Bulgarian time zone.

The broker offers support in multiple languages, including Bulgarian, English, and Russian, ensuring a broad reach to its diverse client base.

In terms of educational resources, FFBH provides a range of materials, including webinars, tutorials, and eBooks aimed at enhancing traders' knowledge and skills. Market analysis services, such as daily updates and research reports, are also available to assist clients in making informed trading decisions.

8. Regional Coverage and Restrictions

FFBH primarily serves clients in Bulgaria and neighboring regions, but it has also extended its services to international clients. The broker's regional offices are located in Sofia, facilitating access to local and foreign institutional investors.

However, FFBH does not accept clients from certain jurisdictions, including the United States and other countries where regulatory restrictions apply. Specific limitations are not extensively detailed in the available information, so potential clients should verify their eligibility before opening an account.

In conclusion, while FFBH offers a range of trading products and services, potential clients should carefully consider the lack of regulatory oversight and perform due diligence to ensure their investment safety. The broker's commitment to providing diverse trading options and educational resources reflects its aim to cater to both retail and institutional traders effectively.

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