Comissão do Mercado de Valores Mobiliários
CMVM · Portugal · Established 1991
Comissão do Mercado de Valores Mobiliários (CMVM) is the financial regulator of Portugal, established 1991. It caps retail leverage at 1:30, requires negative balance protection and segregated client funds, and compensates clients up to EUR 25,000 if a firm fails.
Official register
Check a firm's licence yourself
What this licence gets you
The rules a firm has to follow to keep this licence. A dash means we hold no answer on file, which is not the same as a no.
- Maximum leverage, retail
- 1:30
- Maximum leverage, professional
- 1:500
- Compensation if the firm fails
- EUR 25,000
- Negative balance protection
- Required
- Client funds held separately
- Required
- Hedging
- Permitted
- FIFO order closing
- Not mandatory
- Supervision covers
- Securities, Markets, Listed Companies
- Body type
- Independent
About CMVM
Portugal's securities market regulator ensures investor protection and market transparency. EU-harmonized regulations.
- MiFID II compliant
- EU passporting rights
- ISF protection
No listed broker holds a CMVM licence
None of the brokers in our database holds an active licence from this authority. That is a statement about our listings, not about the regulator.