Commissione Nazionale per le Società e la Borsa
CONSOB · Italy · Established 1974
Commissione Nazionale per le Società e la Borsa (CONSOB) is the financial regulator of Italy, established 1974. It caps retail leverage at 1:30, requires negative balance protection and segregated client funds, and compensates clients up to EUR 20,000 if a firm fails.
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 20,000
- Negative balance protection
- Required
- Client funds held separately
- Required
- Hedging
- Permitted
- FIFO order closing
- Not mandatory
- Supervision covers
- Securities, Markets, Listed Companies
- Body type
- Government
About CONSOB
CONSOB is the Italian securities regulator responsible for investor protection and market transparency. Enforces strict compliance with EU directives.
- MiFID II compliant
- EU passporting rights
- Market abuse prevention
No listed broker holds a CONSOB 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.