CONSOB regulated forex brokers
Commissione Nazionale per le Società e la Borsa · 🇮🇹 Italy
The Commissione Nazionale per le Società e la Borsa (CONSOB) is the financial regulator for Italy, established in 1974. ForexLicenses.com classifies it as tier 2 (strong regulation). We currently match 1 broker in our database to an CONSOB licence.
CONSOB supervises Italian securities markets and investment firms (SIMs) and has statutory power to order internet service providers to block unauthorised financial websites. It regularly publishes batches of blacked-out forex and crypto domains, making its abusive-activities page one of the more active scam lists in Europe. Italian retail clients of passported EU brokers are protected under MiFID II rules plus access to the ACF, a free out-of-court dispute scheme.
Key rules for retail clients
- Tier
- Tier 2 — Strong regulation
- Compensation
- Fondo Nazionale di Garanzia — up to €20,000
- Leverage
- 30:1 on major FX pairs (ESMA rules)
- Negative balance protection
- Required for retail clients
- Client money
- MiFID II client asset rules
- Complaints
- Arbitro per le Controversie Finanziarie (ACF)
Brokers licensed by the CONSOB 1
Frequently asked questions
How do I check if a broker is CONSOB regulated?
Search the firm's name or licence number on the CONSOB official register (https://www.consob.it/web/area-pubblica/albo-sim), confirm the status is current and that the website domain you're using is listed, then check the CONSOB warning list for clones.
Does the CONSOB offer investor compensation?
Fondo Nazionale di Garanzia — up to €20,000
What leverage do CONSOB-regulated brokers offer?
30:1 on major FX pairs (ESMA rules)
Is negative balance protection required by the CONSOB?
Yes. Negative balance protection is required for retail clients of CONSOB-regulated firms.