Alaric Securities: Bulgaria's First MiCAR-Licensed Multi-Service Platform Company Review

Alaric Securities OOD represents Bulgaria's pioneering entry into regulated cryptocurrency services, operating as the first company in the country to secure comprehensive MiCAR authorization from the Financial Supervision Commission (FSC). This Sofia-based broker-dealer, established since 2011, has expanded from traditional securities and derivatives trading to become Bulgaria's premier multi-asset platform offering cryptocurrency services alongside established financial instruments under full European regulatory oversight.

Company Overview

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Note on fees: Alaric Securities offers institutional-grade equity trading from $0.0010/share; professional platform fees range $30-250/monthly; EU Investor Compensation Fund protection up to €20,000; segregated client funds; comprehensive MiCAR services across custody, trading, and market making; VAT applicable based on residence.

The platform's primary strength lies in its unique position as Bulgaria's first MiCAR-licensed multi-asset platform, combining established securities trading expertise with comprehensive cryptocurrency services under unified European regulatory oversight. Alaric Securities excels at serving professional traders and institutions requiring multi-asset exposure through a single regulated European entity.

This platform particularly appeals to professional traders seeking multi-asset access, institutional clients requiring comprehensive financial services, European users prioritizing regulatory compliance, and sophisticated investors seeking integrated traditional and digital asset trading capabilities.

Recent developments show Alaric Securities pioneering Bulgaria's MiCAR compliance while maintaining its established position in European securities markets, positioning the platform as a comprehensive financial services provider bridging traditional and digital asset markets.

Regulatory Compliance & Trust

Alaric Securities achieved regulatory distinction by becoming Bulgaria's first company to secure comprehensive MiCAR authorization from the Financial Supervision Commission (FSC), establishing a regulatory milestone for Bulgarian cryptocurrency services. This authorization covers the full spectrum of crypto-asset services including custody, trading, exchange, advisory, platform operation, market making, portfolio management, order reception and transmission, and crypto-asset exchange under unified European oversight.

The platform operates under dual regulatory frameworks, maintaining its established FSC broker-dealer license (reference RG-03-236-1) while adding specialized crypto-asset service provider authorization. This comprehensive regulatory foundation enables unified multi-asset services under established European securities regulation combined with cutting-edge cryptocurrency compliance frameworks.

Alaric Securities benefits from Bulgaria's full implementation of EU MiCAR requirements through the Markets in Crypto-Assets Act, which entered force on July 8, 2025. The company's early MiCAR adoption positions it advantageously ahead of the July 1, 2026 transitional period deadline, ensuring uninterrupted service provision and EU passporting rights for cryptocurrency services across all member states.

The platform's regulatory strategy emphasizes comprehensive compliance across traditional securities and cryptocurrency markets, providing clients with unified European regulatory protection while accessing diverse asset classes. This integrated approach demonstrates institutional-grade risk management and operational excellence across multiple regulatory frameworks simultaneously.

Trading Economics

Alaric Securities' fee structure reflects its positioning as a professional trading platform, offering equity trading from $0.0010 per share with no per-trade minimums for stock transactions. Professional platform fees range from $30 monthly for the Hammer platform to $250 monthly for Sterling Trader Manager, reflecting institutional-grade trading infrastructure costs and advanced functionality access.

Cryptocurrency service fees operate under the newly established MiCAR framework, though specific rates were not disclosed in available sources. The platform's multi-asset approach likely provides competitive cryptocurrency pricing integrated with established securities trading cost structures, enabling unified portfolio management across asset classes through single account relationships.

The platform implements segregated client fund protection through global banking partnerships, with EU Investor Compensation Fund coverage up to €20,000 per account. This protection framework provides clients with traditional European financial services security while accessing innovative cryptocurrency services under comprehensive regulatory oversight.

Professional trading infrastructure includes advanced order routing, low-latency market data, and sophisticated trading tools appropriate for institutional and professional individual users. This infrastructure investment reflects Alaric Securities' commitment to serving demanding trading requirements across both traditional securities and emerging cryptocurrency markets.

Platform Experience

Alaric Securities delivers multi-channel professional trading experiences through three Direct Market Access (DMA) platforms including the proprietary Hammer platform, industry-standard Sterling Trader Pro, and WebSocket API connectivity for custom integrations. This comprehensive platform suite accommodates diverse professional trading preferences while maintaining consistent execution quality across asset classes.

The Hammer platform emphasizes user-friendliness combined with professional functionality, featuring advanced market scanners, comprehensive charting tools, customizable hotkeys, automated locate sourcing for hard-to-borrow stocks, and real-time market data integration. This design philosophy balances accessibility with sophisticated trading capabilities appropriate for professional market participants.

Customer support operates through professional relationship management appropriate for institutional and sophisticated individual clients, providing direct access to trading specialists, technical support, and compliance expertise. This high-touch service model reflects traditional broker-dealer standards adapted for modern multi-asset trading environments including cryptocurrency markets.

Platform reliability leverages over a decade of European securities trading experience with institutional-grade uptime expectations and professional execution standards. The platform maintains performance appropriate for demanding trading environments while expanding capabilities to include regulated cryptocurrency services under the same reliability standards.

Scalping-Friendliness (Commissions, Leverage & Slippage)

Alaric Securities' professional trading infrastructure provides excellent scalping capabilities for equity markets with $0.0010/share pricing and no per-trade minimums, combined with low-latency execution and advanced order routing. The platform offers comprehensive tools for high-frequency strategies including sophisticated charting, hotkeys, and real-time market data. However, cryptocurrency scalping capabilities depend on the specific implementation of MiCAR-licensed trading services, which may have different execution characteristics than the established equity trading infrastructure.

Security & Protection

Alaric Securities implements institutional-grade security infrastructure through segregated client account arrangements with global banking partners and comprehensive European regulatory oversight. Client funds receive protection under the EU Investor Compensation Fund authority covering up to €20,000 per account, while operational security meets FSC and ESMA regulatory standards for broker-dealer operations.

The security architecture combines traditional securities custody practices with specialized cryptocurrency asset protection under MiCAR compliance requirements. This dual approach ensures clients receive appropriate protection frameworks for both traditional financial instruments and digital assets through unified security protocols and regulatory oversight.

Alaric Securities' operational history spans over a decade without significant security incidents, reflecting conservative risk management practices and professional operational standards. The platform's expansion into cryptocurrency services maintains these established security principles while implementing additional protections required for digital asset custody and trading operations.

Customer protection extends beyond technical security to include comprehensive European regulatory oversight, professional indemnity insurance, and established broker-dealer consumer protection frameworks. This traditional financial services approach provides clients with familiar protection mechanisms while accessing innovative cryptocurrency services under professional supervision.

Advanced Features

Alaric Securities' advanced feature set focuses on professional trading capabilities across multiple asset classes rather than specialized cryptocurrency features alone. The platform provides sophisticated order management, advanced charting tools, automated trading capabilities, and comprehensive market data integration appropriate for institutional and professional individual trading strategies.

API connectivity through WebSocket integration enables algorithmic trading and custom platform development, providing professional clients with flexible connectivity options for automated trading systems. This capability supports sophisticated trading strategies across both traditional securities and cryptocurrency markets through unified technological infrastructure.

Portfolio management services integrate cryptocurrency exposure with traditional securities holdings, enabling comprehensive investment management across asset classes under unified regulatory oversight. This integrated approach supports sophisticated investment strategies while maintaining professional custody and execution standards across diverse financial instruments.

The platform's comprehensive MiCAR authorization enables advanced cryptocurrency services including market making, platform operation, and portfolio management beyond basic trading capabilities. These services position Alaric Securities as a full-service cryptocurrency provider rather than a basic trading platform, supporting sophisticated institutional requirements across digital asset markets.

Market Position & Suitability

Alaric Securities serves professional traders and institutional clients exceptionally well, particularly those requiring multi-asset exposure through unified European regulatory frameworks. The platform represents the ideal choice for sophisticated investors seeking comprehensive financial services combining traditional securities with innovative cryptocurrency capabilities under established regulatory protection.

European institutional clients benefit from Alaric Securities' comprehensive MiCAR authorization and established broker-dealer infrastructure, enabling sophisticated trading strategies across asset classes while maintaining regulatory compliance and professional service standards. The platform's Bulgarian base provides EU clients with familiar regulatory protections and professional service delivery.

Retail cryptocurrency users may find Alaric Securities' professional focus and platform fees inappropriate for basic cryptocurrency trading needs, as the platform emphasizes institutional and professional market participants over retail convenience. Individual users seeking simple cryptocurrency access should consider platforms designed specifically for retail markets.

Algorithmic traders and professional market participants will appreciate Alaric Securities' advanced platform capabilities, API connectivity, and professional execution infrastructure. The platform's multi-asset approach enables sophisticated strategies combining traditional securities with cryptocurrency exposure through unified technological and regulatory frameworks.

For European professional traders and institutions seeking comprehensive multi-asset trading capabilities with cutting-edge cryptocurrency services under established regulatory oversight, Alaric Securities represents an excellent choice despite higher platform costs compared to basic cryptocurrency trading platforms. The platform's unique positioning serves essential roles in European financial markets evolution through regulatory leadership and technological innovation.

Last updated: January 24, 2026