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List of Brokers with CNMV Regulation

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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

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

Official regulators in the UAE are as follows:

  • The Dubai Financial Services Authority (DFSA)
  • The Abu Dhabi Global Market (ADGM)
  • The Securities Commission Authority (SCA)
  • Central Bank of the United Arab Emirates (CBUAE)

It is important to understand that the UAE is divided into two financial areas, namely the Mainland and Free Zones. Brokers who operate in the Mainland are regulated by the SCA or CBUAE. Meanwhile, DFSA and ADGM regulate brokers in the Free Zones, which are designated to encourage foreign investments and allow foreign-owned companies to be located.

Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)

The Capital Markets Authority (CMA) is the financial regulatory body in Kenya. Although the CMA was established in 1989, it was not until 2016 that the government granted the CMA the power to monitor forex trading. Before this, the market was full of scams committed by unregulated brokers. Today, thanks to the Financial Act of 2016, forex trading is more secure and transparent in Kenya.

Continue Reading at Is Forex Trading Legal in Africa?

Selecting a broker regulated by the Monetary Authority of Singapore (MAS) should be the foremost consideration when embarking on your trading journey in Singapore. MAS is Singapore's premier financial regulatory body, renowned for its unwavering commitment to maintaining the integrity and stability of the financial sector. When a broker is subject to MAS regulation, the institution adheres to the highest industry standards.

Continue Reading at Top Forex Brokers in Singapore