Spanish Financial Regulator: Six Forex Brokers Warned by CNMV

On April 29, 2024, six unauthorized forex brokers were warned by the National Securities Market Commission (Comisión Nacional del Mercado de Valores), the Spanish regulator.

The CNMV is the regulatory body that oversees the Spanish financial market. A broker that has been blacklisted by this watchdog is not authorized to legally provide financial services in Spain. This is also a warning to investors who may choose a broker that does not provide adequate protection for their funds.

Before proceeding with a transaction, BrokersView recommends that investors carefully refer to the information provided by the regulator and scrutinize whether the broker maintains a record of good conduct under the regulator's rules to avoid unnecessary troubles and risks.

The Securities Market Act states that the following brokers are not authorized to provide investment services, foreign currency transactions, or related financial instruments.

CAVIEX (Unaccessible)

Website: https://caviex.com/

EncoreFx Global

Website: https://encorefxglobal.com/

KUNDERBANK / kcapital

Website: https://kunderbank.io/

ALL OPTIONS / AllOptionsINT

Website: https://alloptionsint.com/

SwissCap

Website: https://swisscap.pro/

Immediate Code 360

Website: https://immediatecode-360.com/