Spain · EU/EEA regulator

CNMV Comisión Nacional del Mercado de Valores

Spanish securities regulator. Since 2019 it requires brokers to show a specific warning when Spanish clients buy CFDs with leverage above 10:1.

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Spain's securities regulator

The Comisión Nacional del Mercado de Valores supervises securities markets, investment firms and collective investment schemes.

CFD warnings

The CNMV requires firms selling CFDs to Spanish retail clients to deliver specific warnings about their complexity and risk, going beyond the EU baseline, and it regularly publishes warnings about unauthorised "chiringuitos financieros".

Protection

Clients of Spanish investment firms are covered by FOGAIN up to €100,000 – one of the highest limits in Europe. The CNMV's investor assistance service handles complaints against supervised firms.

Protection for clients of CNMV-licensed firms

Investor compensation
Up to €100,000 per investor (clients of investment firms)
Scheme
FOGAIN – Fondo de Garantía de Inversiones
Bank deposits
€100,000 per person per bank (EU Deposit Guarantee Schemes Directive).
Out-of-court complaints
CNMV Investor Assistance / Complaints Service

24 firms in our register with a CNMV licence