The Capital Market Commission of Montenegro (SCMN) is the financial regulatory authority responsible for supervising Montenegro’s securities and capital markets, including forex and CFD brokers, investment firms, and financial intermediaries. As a candidate country for European Union accession, Montenegro aligns many of its financial regulations with MiFID II principles, though implementation and enforcement may vary in practice.
The Capital Market Commission of Montenegro (SCMN) oversees a growing financial sector that includes forex and CFD brokers. While not yet under ESMA jurisdiction, SCMN is moving toward regulatory alignment with the EU. Investors should verify broker licenses directly through SCMN and choose firms with strong internal compliance practices.
- Not formally aligned with ESMA leverage caps, but brokers may adopt similar limits
- Risk disclosures, margin call procedures, and suitability assessments are required
- Licenses and supervises investment firms offering forex, CFDs, and derivative products
- Enforces market conduct rules, transparency obligations, and basic investor protections
- Publishes a register of licensed entities and warning lists for unauthorized brokers
- Coordinates with regional and European bodies for financial compliance alignment
- Visit the SCMN Website
- Navigate to the Register of Licensed Investment Firms
- Search by company name or license number
Country
Montenegro
Established
2000
Contact
+382 20 220 250
Complaint bodies
Capital Market Commission of Montenegro (SCMN), Agency for the Prevention of Corruption of Montenegro – for broader financial misconduct
Hotline
+382 20 220 250
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.