Is Trading 212 regulated by the FSC (BG)?

What the FSC (BG) licence means

Our records show that, Trading 212 holds a licence from the Financial Supervision Commission of Bulgaria (FSC (BG)), the financial regulator for Bulgaria. We classify the FSC (BG) as tier 2 — strong regulation. Credible regulators with real rulebooks, but fewer safeguards than tier 1 (e.g. no compensation scheme or looser leverage rules).

For Trading 212 clients whose account is held by its FSC (BG)-regulated entity, the key protections are: compensation — Investor Compensation Fund — 90% up to BGN 40,000; retail leverage — 30:1 on major FX pairs (ESMA rules); negative balance protection — mandatory for retail clients; client money — MiFID II client asset rules. Disputes can be taken to Conciliation Commission for Payment Disputes.

Trading 212 is also matched to licences from ASIC, FCA and CySEC. ASIC and FCA are rated higher than the FSC (BG) in our methodology, so if you are eligible for those entities you may get stronger protection.

Protection at a glance

Regulator tier

Tier 2 — Strong regulation

Compensation scheme

Investor Compensation Fund — 90% up to BGN 40,000

Retail leverage

30:1 on major FX pairs (ESMA rules)

Negative balance protection

Required for retail clients

Client money

MiFID II client asset rules

Complaints

Conciliation Commission for Payment Disputes

How to verify this licence

1. Open Trading 212's client agreement or website footer and note the exact company name and FSC (BG) licence number.
2. Search that name or number on the official FSC (BG) register. Check the status is current, not cancelled or suspended.
3. Confirm the website domain you're using (trading212.com) is the one listed on the register — clone firms copy genuine licence numbers.
4. Search the FSC (BG) warnings page and IOSCO I-SCAN for the brand name.

Trading 212's other licences