Regulator

Major onshore regulator

CNMV regulated brokers

Comisión Nacional del Mercado de Valores, Spain

10 brokers list CNMV in our register. The CNMV supervises Spanish securities markets and investment firms under EU MiFID II rules.

Brokers listed
10
Trusted or better
10
Caution or worse
0
Regulator country
Spain

What CNMV protection means

General facts about the regime. What applies to you depends on the licensed entity and your client category.

  • Investment firms must segregate client assets.
  • Spain's investor guarantee fund covers eligible clients of failed investment firms (up to €100,000 per person).

Major onshore regulator. Full conduct-of-business rules, client-money segregation and an enforcement record. A licence here carries the most weight for retail clients.

How to check the CNMV register

  1. 01

    Open the CNMV website (www.cnmv.es).

  2. 02

    Search for the firm's name.

  3. 03

    Confirm the licensed legal entity is the company named in your account terms, and that its status is current.

  4. 04

    Check the licence or permissions cover the products you want to trade.

CNMV website

Brokers that list CNMV

Sorted by score, best first. A listing is a pointer to check, not proof of a current licence.

  • FxPro

    Also: CySEC, FCA

    Strongly Trusted
    9.5 / 10
  • XTB

    Also: CySEC, FCA, FSC

    Strongly Trusted
    9.0 / 10
  • CAPEX

    Also: ADGM FSRA, ASF, CySEC

    Trusted
    7.7 / 10
  • Darwinex

    Also: FCA, FSA

    Trusted
    7.7 / 10
  • FXORO

    Also: CySEC, FSA

    Trusted
    7.7 / 10
  • iBroker

    Updated 18 Jun 2026

    Trusted
    7.7 / 10
  • LIRUNEX

    Also: AMF, BaFin, CySEC +1

    Trusted
    7.7 / 10
  • NAGA

    Also: CySEC

    Trusted
    7.7 / 10
  • Squared Financial

    Also: AMF, CySEC, FSA

    Trusted
    7.7 / 10
  • TRADE.COM

    Also: CONSOB, CySEC, FINRA +1

    Trusted
    7.7 / 10

Verdicts for CNMV brokers

How the brokers that list this regulator are spread across our verdict bands.

  • Strongly Trusted

    A strong regulatory basis or track record on the evidence we hold.

    2
  • Trusted

    A reasonable regulatory basis or track record on the evidence we hold.

    8
  • Proceed With Caution

    Mixed or thin evidence, often an offshore licence. Check the register yourself.

    0
  • High Risk

    The evidence points to material risk. Prop firms only.

    0
  • Avoid

    Serious concerns, such as no regulatory basis or a confirmed closure.

    0
  • Not yet rated

    We hold a record but have not assigned a score. Not a judgement.

    0

CNMV: frequently asked questions

What protection does a CNMV licence give clients?
Investment firms must segregate client assets. Spain's investor guarantee fund covers eligible clients of failed investment firms (up to €100,000 per person). These are general facts about the regime; what applies to you depends on the licensed entity and your client category.
How many brokers list CNMV in your register?
10 of the brokers in our register list Comisión Nacional del Mercado de Valores (CNMV). Records are refreshed as new regulator information is checked, and a listing here is a pointer, not proof of a current licence.
How do I check a CNMV licence?
Open the CNMV website and search for the firm's name. Confirm the licensed legal entity matches the company in your account terms and that its status is current.
Does a licence mean a broker is safe?
No. A licence shows a regulator authorised a specific legal entity for specific activities. It does not guarantee the firm will not fail or treat clients fairly. Check the entity you actually contract with, and that its status is current.

We take no affiliate commissions from brokers, prop firms or educators, and rated entities cannot be our affiliates. Verdicts are computed from regulator records and are not for sale. verify.trading provides records and analysis, not investment advice; trading involves significant risk of loss. Absence of a regulatory action is not an endorsement, and absence from a regulator's list is not proof of authorisation.

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