Intercapital Markets AD is authorized and regulated by the Bulgarian Financial Supervision Commission under License Number RG-03-0204/24.02.2006. This license gives us authorization to receive instructions and execute trades with all types of financial instruments and on all available stock exchanges, as well as execute trades on discretionary basis for clients under Asset Management Agreement.

Polish Branch

The Polish branch of Intercapital Markets AD also falls under Bulgarian Financial Supervision Commission regulation and is as well being supervised by the Polish Financial Supervision Authority.

Protection of Client's funds

Intercapital Markets keeps all client assets in separate accounts. The goal of this policy, called Client Policy, is to protect our clients' money. It guarantees a clear distinction between money that belongs to Intercapital Markets and money that belongs to our clients and which are protected by third party claims against Intercapital Markets.

Intercapital Markets is a member of the Investor Compensation Fund and our clients receive the protection provided by this fund. The Fund provides compensation to non-professional clients of the investment intermediary when it is unable to fulfill its obligations to clients for reasons directly related to its financial condition. The Fund pays compensation to all non-professional clients of the investment intermediary who meet the legal conditions. The amount of the compensation is 90% of the value of the claim, but not more than BGN 40,000 (up to EUR 20 460). For more information, please visit