CMVM regulated forex brokers
Comissão do Mercado de Valores Mobiliários · 🇵🇹 Portugal
The Comissão do Mercado de Valores Mobiliários (CMVM) is the financial regulator for Portugal, established in 1991. ForexLicenses.com classifies it as tier 2 (strong regulation). We currently match 1 broker in our database to an CMVM licence.
Portugal's CMVM regulates securities markets and investment firms. A small number of international CFD brokers operate EU subsidiaries from Portugal. Portuguese investor compensation covers up to €25,000 per investor.
Key rules for retail clients
- Tier
- Tier 2 — Strong regulation
- Compensation
- Investor Compensation Scheme (SII) — up to €25,000
- Leverage
- 30:1 on major FX pairs (ESMA rules)
- Negative balance protection
- Required for retail clients
- Client money
- MiFID II client asset rules
- Complaints
- CMVM complaints service
Brokers licensed by the CMVM 1
Frequently asked questions
How do I check if a broker is CMVM regulated?
Search the firm's name or licence number on the CMVM official register (https://www.cmvm.pt/en/Registos/Pages/default.aspx), confirm the status is current and that the website domain you're using is listed, then check the CMVM warning list for clones.
Does the CMVM offer investor compensation?
Investor Compensation Scheme (SII) — up to €25,000
What leverage do CMVM-regulated brokers offer?
30:1 on major FX pairs (ESMA rules)
Is negative balance protection required by the CMVM?
Yes. Negative balance protection is required for retail clients of CMVM-regulated firms.