Financial Services and Markets Authority
FSMA · Belgium · Established 2011
Financial Services and Markets Authority (FSMA) is the financial regulator of Belgium, established 2011. It caps retail leverage at 1:30, requires negative balance protection and segregated client funds, and compensates clients up to EUR 100,000 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 100,000
- Negative balance protection
- Required
- Client funds held separately
- Required
- Hedging
- Permitted
- FIFO order closing
- Not mandatory
- Supervision covers
- Securities, banking, insurance, pensions, forex/CFDs, listed companies
- Body type
- Public autonomous authority
About FSMA
The Financial Services and Markets Authority (FSMA) is Belgium's autonomous regulator for financial markets, supervising banks, investment firms, insurance, and forex/CFD brokers to ensure transparency and investor protection. It enforces EU directives (MiFID II, EMIR) and combats illegal offerings via warnings and cross-border cooperation. FSMA also promotes financial education and innovation.
No listed broker holds a FSMA 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.