de | cn | ru

Italian Forex Brokers

Italy is not a preferred destination for forex brokers, partly because other European countries, such as UK and Cyprus, have already established themselves as important financial hubs. Most brokerages operate in Italy on the basis of licenses issued in other EU (or EEA) countries.

 

The local regulatory body that is responsible for overseeing the financial markets is the Italian National Commission for Companies and the Stock Exchange, known as CONCOB (Commissione Nazionale per le Societa e la Borsa). it regulates the provision of investment services and activities by intermediaries, the reporting obligations of companies listed on regulated markets and exercises overall supervision over the sector, among other things.

 

As Italy is a part of the EU, MiFID (Markets in Financial Instruments Directive) regulations apply. The Directive outlines the minimum capital requirements and the mandatory segregation of client and company funds, which provide traders with a certain level of protection.

 

The client protection on a EU level also includes the provision of investor compensation scheme which protects retail customers should a brokerage go bankrupt. Furthermore, branches of non-EU investment companies established in Italy also must join a recognized compensation system, unless they are members of an equivalent foreign compensation system in their home countries.

 

In addition, one can easily check whether a broker is authorized to provide financial services in Italy, as CONSOB maintains an online register of both Italian investment firms and foreign investment companies with branches in the country.

 

Italian Forex Brokers

Broker Country Regulation Platforms Min.deposit Review
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review
UK, Australia, New Zealand FCA, ASIC, FMA Next Generation $25 Review
UK, Singapore, Australia FCA, MAS, ASIC MT4, AT Pro,
Advantage Web
£100 Review
UK FCA MT4, MT5 $100 Review
Cyprus CySEC Xtrader Pro $100 Review
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review
Cyprus CySec MT4 $200 Review
Cyprus CySEC MT4, MT5,
cTrader
$300 Review
Cyprus CySEC MT4, Web $25 Review
Cyprus CySEC in-house mobile
app
$50 Review

Related News

CONSOB orders RichmondFG, PTBanc, Get Financial, and CryptoEU to cease illegal operations

Mar 18 2019 17:39:16 Jonathan Smith in Market

Italy's financial regulator Commissione Nazionale per le Societa e la Borsa (CONSOB) warned that RichmondFG, PTBanc, Get Financial, and CryptoEU are not licensed to provide financial services in Italy, and ordered them to cease operating illegally in the country. Read more

Italian financial regulator adds Mib700, Vix500 and DeltaFxMarkets to its warning list

Mar 11 2019 14:48:18 Jonathan Smith in Market

  Italy's Commissione Nazionale per le Societa e la Borsa (CONSOB) has updated its warning list with unregulated brokers Mib700, Vix500 and DeltaFxMarkets. The regulator also ordered these companies to cease offering unauthorized investment services and activities to the Italian public. Read more

Italian financial regulator adds Mib700, Vix500 and DeltaFxMarkets to its warning list

Mar 11 2019 14:48:18 Jonathan Smith in Market

  Italy's Commissione Nazionale per le Societa e la Borsa (CONSOB) has updated its warning list with unregulated brokers Mib700, Vix500 and DeltaFxMarkets. The regulator also ordered these companies to cease offering unauthorized investment services and activities to the Italian public. Read more

Italy’s CONSOB blacklists unregulated brokers FSMSmart, Dax1001, and Capital4bank

Feb 25 2019 16:14:17 Jonathan Smith in Market

  The latest additions to the growing warning list of Italian financial regulator CONSOB include unregulated brokers FSMSmart, Dax1001, and Capital4bank. Read more

Italy’s CONSOB blacklists unregulated brokers FSMSmart, Dax1001, and Capital4bank

Feb 25 2019 16:14:17 Jonathan Smith in Market

  The latest additions to the growing warning list of Italian financial regulator CONSOB include unregulated brokers FSMSmart, Dax1001, and Capital4bank. Read more

de | cn | ru