How many brokers hold a CNMV license?

We currently track 0 CNMV-regulated brokers serving retail clients. Our list is limited to brokers we actively review — the full CNMV register contains additional entities that do not offer retail forex or CFDs.

How do I verify a broker's CNMV license?

Visit https://www.cnmv.es and search the official public register for the broker's company name or license number. Each broker we list has their CNMV license number shown in their review. If the register entry is active and matches what the broker advertises, the license is genuine.

Are CNMV-regulated brokers safer than offshore brokers?

Yes, substantially. CNMV regulation enforces capital requirements, client money segregation, mandatory negative balance protection for retail, and ongoing compliance audits. Offshore brokers typically offer none of these protections.

Can a CNMV broker serve clients in other EU countries?

Yes. Under MiFID II, a CNMV license can be passported into any other EU member state, meaning a single authorisation covers all 27 EU countries.

All CNMV Regulated Forex Brokers 2026

Comision Nacional del Mercado de Valores (Spain) regulates 0 brokers that we actively review. Compare their spreads, platforms and protections below.

Last verified: April 2026

Quick Answer

We track 0 brokers regulated by CNMV (Comision Nacional del Mercado de Valores) in 2026. All of them hold a valid CNMV license with published register numbers, segregate client funds, and comply with the full suite of ESMA-aligned investor protections.

License data last reviewed April 2026.

About CNMV

CNMV is Spain's securities market regulator, overseeing all financial firms operating in the Spanish market including passported forex brokers.

Established in 1988 and based in Spain, CNMV enforces the full suite of EU rules including client fund segregation, negative balance protection, and strict marketing restrictions. For the complete background on how CNMV supervises the industry, read our full CNMV regulation guide.

Every CNMV Regulated Broker We Track

We do not currently track any brokers holding a direct CNMV license. Most brokers serving Spain clients do so via MiFID passporting from another EU regulator.

What CNMV protection means for you

FOGAIN (Fondo General de Garantia de Inversiones) covers up to EUR 100,000 per investor, making Spain one of the best-protected markets in the EU.

✓FOGAIN compensation fund up to EUR 100,000
✓Maintains a public register of authorized entities
✓Active in consumer protection and education
✓Requires Spanish-language risk disclosures
✓Publishes regular warnings about unauthorized firms
✓Cooperates closely with ESMA

How to verify a broker's CNMV license

1. Find the license number on the broker's website
Regulated brokers display their CNMV license number in the footer of every page, usually alongside an ESMA risk warning. If you cannot find it within two clicks, treat the broker as unregulated.
2. Open the CNMV public register
Go to https://www.cnmv.es and navigate to the official register of authorised firms. Every legitimate regulator publishes this list for free.
3. Cross-check the legal name and license number
The legal entity name shown on the register must match the entity name printed in the broker's legal documents and account opening agreement. A trading brand (e.g. "Broker X") is not the same as the licensed legal entity — verify both.
4. Check the license status
The register will show whether the license is active, suspended, or withdrawn. Only open an account with a firm whose license is active. Suspensions and withdrawals are public record for a reason.

Frequently Asked Questions

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CFD Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.