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Comisión Nacional del Mercado de Valores (CNMV) is regulatory responsible for the supervision and inspection of the Spanish securities market and the activities of all involved in it. CNMV actively participates in international institutions, such as IOSCO (International Organization of Securities Commissions), ESMA (European Securities and Markets Authority), and FSB (Financial Stability Council).


Established : 1988
Country : Spain
Website : https://www.cnmv.es/portal/home.aspx
Total Brokers : 20

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FAQ

Being regulated by CNMV (Comisión Nacional del Mercado de Valores) or the National Securities Market Commission means operating under the standards of a Spanish financial regulator. The institution was established in 1988. It is an independent agency that falls under the Ministry of Economy and Finance of Spain with a main responsibility of regulating the Spanish securities market.

Since CNMV is under a regulatory framework to meet the EU criteria, the rules implemented by the agency are most likely set to follow the MiFID directives.

CNMV has set a number of laws with the Spanish Government to include the reinforcement of several acts with legislative powers to regulate financial companies in the country. Indeed, the Securities Act and the Transparency Act are the legal frameworks designed by the Government to provide a baseline for the CNMV to act on the Government's behalf while issuing penalties on the member firms.

As a financial supervisory agency, CNMV was initially established to regulate the Spanish stock markets according to the European market guidelines. But over the years, CNMV started to incorporate different financial sectors under its regulatory framework. It is now the sole regulatory agency responsible for forex broker regulation in Spain.

Actions by the CNMV generally focus on:

  • Companies issuing securities to be placed publicly on the primary market.
  • Participants in the secondary securities markets.
  • Companies providing investment services and collective investment institutions.

Meanwhile, their responsibilities are as follows:

  • Issuing CNMV licences.
  • Imposing penalties on any companies found violating the regulations.
  • Overseeing registered forex brokers and their activities.
  • Communication with traders, responding to inquiries, and resolving disputes.

The CNMV actively monitors all non-regulated brokers and inform Spanish traders about the illegal companies. They can penalizes unregulated brokers and their partners (affiliates and/or introucing brokers) for soliciting traders using false premises. The agency is also implementing a highly proactive measure to restrict fraud brokers by issuing public warnings, and press releases regarding in concern with financial scams. In fact, CNMV is one of the few official regulatory agencies to do so.

If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.


Additional FAQ

The CNMV is responsible for supervising and regulating the financial markets in Spain. It collaborates closely with the European Securities and Markets Authority (ESMA) and applies unified laws for trading in leveraged markets for retail investors, as Spain is a member of the European Union.

Continue Reading at 3 Interesting Facts of Forex Trading in Spain

Some of the top regulatory agencies in the world include:

  • The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the United Kingdom
  • The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States
  • The Swiss Financial Market Supervisory Authority (FINMA) in Switzerland
  • The Australian Securities and Investments Commission (ASIC) in Australia
  • The Financial Services Agency of Japan (JFSA) in Japan
  • The Cyprus Securities and Exchange Commission (CySEC) in Cyprus

If the broker you use is regulated by one of the regulatory agencies above, you can be confident that it is safe. The reason is that these regulatory agencies have strict requirements that brokers must meet to be licensed.

Only the most reputable and trustworthy brokers can obtain a license.

Continue Reading at How to Avoid Forex Broker Scams

Here are some of the best offshore trading regulations which attract forex traders worldwide:

  • Tax Benefits: By offshore forex trading, a trader can be exempt from paying taxes in their country of residence.
  • High Leverage: Offshore brokers are not being strictly controlled by their financial authorities. Due to this, they're able to offer riskier leverages up to even 1000:1 in order to attract more clients to invest with them.
  • Assets Availability: Most countries have banned quite a few financial assets like cryptocurrency due to how volatile it is. Offshore forex trading is therefore extremely popular as traders don't have to worry about some assets not being available to them for trading.

Continue Reading at Your Simple Guide to Offshore Trading

The first official effort to regulate the industry began in 2004 through the establishment of Federal Financial Markets Service (FFMS/FSFR). After the agency's disbandment in 2013, the Central Bank of Russia took over supervising Russian forex brokers.

In 2015, the Central Bank of Russia launched far stricter law enforcement. Forex brokers were given a January 2016 deadline to obtain licenses from CBR, or abstain from carrying out their services in the region. Since then, CBR only granted licenses to a handful of brokers.

Continue Reading at Best Forex Brokers in Russia