Portuguese Securities Market Commission (CMVM)
The Portuguese Securities Market Commission (CMVM) is the independent regulatory authority overseeing Portugal’s securities and financial instruments markets, including forex and CFD brokers operating under MiFID II. As part of the European Union, CMVM enforces ESMA product intervention rules, offering strong protection to retail investors trading FX-related instruments.
The Portuguese Securities Market Commission (CMVM) provides a strong regulatory framework for forex trading under EU law. Investors in Portugal benefit from MiFID II protections, ESMA leverage limits, and transparent broker oversight. Use only CMVM-licensed brokers for legal and secure forex trading.
- 30:1 for major currency pairs
- 20:1 for non-major pairs and gold
- 10:1 for indices and other commodities
- 5:1 for stocks
- 2:1 for cryptocurrencies
- Authorizes and supervises investment firms providing forex and CFD trading
- Implements MiFID II conduct standards, transparency rules, and capital requirements
- Enforces ESMA leverage caps, marketing rules, and retail client protection standards
- Publishes public warnings and a register of licensed entities
- Visit the CMVM Public Register
- Enter the company name or license number
- Confirm authorization under MiFID II for forex/CFD services
Country
Portugal
Established
1991
Contact
+351 21 317 7000
Complaint bodies
Portuguese Securities Market Commission (CMVM), Centro de Arbitragem da Universidade Autónoma de Lisboa (for consumer dispute resolution)
Hotline
+351 21 317 7000
Complaint email
Last updated on: April 07, 2025
High Risk Warning : Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.