Broker and prop firm software in Sofia.

Most firms arrive in Sofia for one reason: it keeps them inside the EU perimeter at a running cost that Vienna, Frankfurt or Dublin will not match. Salaries are lower, the developer pool is real, and an operating team of twelve people costs what four would cost further west. That maths is why Bulgarian entities keep showing up on European broker groups' org charts.

What it does not solve is technology. A Sofia entity still needs a trading platform clients will use and a back office that survives an audit. That is our half of the work.

Who this page is for

Founders in Sofia building one of two things. A brokerage, meaning an investment intermediary that carries client accounts and needs onboarding, dealing, payments and reporting under one roof. Or a prop firm selling evaluations, which starts far simpler and gets complicated the moment payouts and rule breaches become contested. Both need the same trading engine underneath and completely different operating software above it.

The Bulgarian regulatory backdrop

Investment intermediaries in Bulgaria are supervised by the Financial Supervision Commission, the FSC. Bulgaria is an EU member state, so the FSC applies MiFID II, and the ESMA product intervention measures on retail CFD leverage apply the same way they do in Warsaw or Nicosia. An authorised Bulgarian firm can passport its services into other member states through notification rather than a fresh application. Capital, client money segregation and reporting duties follow from the permissions you hold, which is the argument in capital requirements for brokers. Prop firms sit in a less settled position across Europe, and prop firm regulation covers where that conversation currently stands.

The three products

All three are fully managed. We host, patch, monitor and support them. There is no server for your team in Sofia to babysit and no separate data feed invoice, because the feed comes with the platform. Once your paperwork is done, the whole stack can be live in 24 hours.

Payments and banking, the Bulgarian version

Bulgaria uses the lev, and clients expect local card payments and local bank transfers even when their trading account is denominated in EUR or USD. In practice a Sofia firm ends up with a card acquirer, a SEPA rail through a bank or an EMI, and often a crypto option for regional clients who cannot pass a card check. Each of those is a separate approval process with a separate risk appetite, and none of them will move as fast as your software will. The background reading is banking for trading firms, SEPA versus SWIFT and crypto payments for trading firms.

What the Broker CRM contributes is control: several providers side by side, per-provider deposit rules, automatic matching of deposits to accounts, and a withdrawal queue built around free equity so nobody releases money that is holding a position open.

Languages, time zone and team shape

Sofia is on Eastern European Time, two hours ahead of London. A desk starting at nine covers the London open comfortably and can still hand over to a later shift for New York. Client languages here are mixed: Bulgarian at home, English and Russian for the wider region, Greek and Romanian for the neighbours. Both the trading platform and the client portal are multilingual, so one Sofia team can serve several markets without running several systems.

The usual structure is a Bulgarian operating company for the regulated activity, an EU banking and EMI mix for payments, an in-house team on sales, retention and dealing, and technology bought rather than built. If you are comparing hubs, Warsaw and Vilnius come up in the same conversation, and every city we cover is listed on the locations page.

One more thing Sofia founders ask about: reporting. Every setting change, every document decision and every payout approval is written to an audit trail with a user and a timestamp, so an FSC question about who approved what in March has an answer that takes minutes rather than a week of email archaeology.

Next step

Book a call or text us. Tell us what you are licensed for, or expect to be licensed for, and what you want live first. We will tell you which of the three products you actually need and which you can leave until later. SINGUARD's Executive Directors, Alex Onta & Roman Onta, take these calls themselves.

Where SINGUARD is based, and where we meet firms in Sofia

All of the software, the contracts and the policies come from SGHK Softwares Limited in Hong Kong, the holding company that builds and licenses eTrader and both CRMs. The team works out of Dubai, where both Executive Directors, Alex Onta and Roman Onta, live for most of the year, and our licensed UAE entity is SINGUARD GLOBAL FZC in Ajman Free Zone. We hold no office or licence in Bulgaria, and none is needed: the platform is delivered and managed from our own clustered servers, so a firm in Sofia runs exactly what a firm anywhere else runs, and your licence, your client money and your compliance obligations stay entirely with your own entity.

Being in Dubai keeps the team on the industry circuit and within easy reach of Sofia for calls and meetings, in a time zone that overlaps most of the trading world.

In person, the place to find us is the industry circuit. The team attends Forex Expo Dubai and the other major shows, wearing the SINGUARD and eTrader shirts, and you can walk up without an appointment, ask for a live demo of the terminal and both CRMs, and talk to the Executive Directors directly in English, Italian, Romanian or Russian. See where to find us at the expo.

Frequently Asked Questions

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