Stocks are securities that confer ownership of part of a company’s capital. By buying stocks in a company, you become the owner of a proportional part of that company. 
Stocks give investors certain rights, the most important of which are voting, dividend and liquidating dividend rights. 
Stocks are traded on exchanges, where market players operate or companies raise funds. There are more than 250 stock exchanges in the world.

Exchange-traded funds (ETF) are mutual funds traded on stock exchanges as equities. They can be managed passively or actively and usually track the performance of a certain market index or economic sector. They are an opportunity to invest in a certain group of financial instruments at a lower cost compared to buying single instruments.

Stock investments are generally riskier than investments in other financial instruments such as bonds or certificates. The main risks investors should watch out for are:

• Credit risk - this is the risk of bankruptcy or insolvency of the issuer. Here it should be noted that shareholders are in last place when it comes to satisfying the claims of the creditors of a bust company. In the event of bankruptcy, the investor may lose all money invested.
• Market risk - this is the risk that the stock prices will change due to adverse market conditions, poor financial performance of a certain company, poor performance of an entire economic sector, political risk, etc. 
• Currency risk - this is the risk of adverse change in the exchange rate of the currency in which the securities are denominated, if different from the investor’s local currency.

Bulgaria operates a Securities Investor Compensation Fund which covers losses resulting from the bankruptcy of an investment inrtermediary of up to 90% of the assets held, but no more than BGN 40,000. Only investors classified as non-professional clients are entitled to compensation from the Fund.

In accordance with current statutory provisions, KBC Bank keeps its clients’ securities separate from its own securities. Depending on the type of security, they are held at Central Depositary AD, Bulgarian National Bank or foreign depositaries.

KBC Bank offers trade in a huge variety of financial instruments, including stocks, exchange-traded funds, government securities, corporate bonds, structured products, etc.

All fees and commissions are set out in the bank’s tariff, which is available on the KBC Bank website.

To trade financial instruments through KBC Bank, you must become a customer of the bank and sign an Investment Service Contract.

Our brokers accept orders for financial instruments both by phone or email. Orders can be placed in selected offices of the bank.