Best National Securities Market Commission (CNMV) Regulated Brokers 2025
We’ve personally tested and ranked the top brokers regulated by Spain’s National Securities Market Commission (CNMV) , ensuring high standards of trust and reliability.
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1eToro is a highly-rated platform that offers trading services in numerous CFDs, stocks, and cryptoassets. Established in 2007, it is used by millions of traders worldwide and is regulated by top-tier governing bodies such as the FCA and CySEC. eToro is well-known for its extensive social trading platform. Through eToro USA LLC, crypto trading is available. Investments are subject to market risk, and the initial invested principal may be lost. CFDs are not offered in the U.S In the UK and some EU countries, investing in cryptoassets is highly volatile and unregulated, with no consumer protection. Profits may be subject to tax. Some retail CFD traders lose money.
Compare Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $100 | $10 | 1:30 EU | ✓ | FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTsStocks, ETFs, Options, Crypto | eToro Web, CopyTrader, TradingCentral | USD, EUR, GBP | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | ✓ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best National Securities Market Commission (CNMV) Regulated Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best National Securities Market Commission (CNMV) Regulated Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best National Securities Market Commission (CNMV) Regulated Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
|
✓ | $100 | $10 | ✓ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best National Securities Market Commission (CNMV) Regulated Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | ✗ | ✗ | ✓ | ✗ | 1:30 EU | ✗ | ✓ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best National Securities Market Commission (CNMV) Regulated Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | USD: 5.3% | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best National Securities Market Commission (CNMV) Regulated Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
|---|---|---|---|---|---|---|---|---|---|
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best National Securities Market Commission (CNMV) Regulated Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✓ | $10 | 0.57 (Apple) | 0.9 | BTC 1% | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best National Securities Market Commission (CNMV) Regulated Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| eToro |
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Why Trade With eToro?
eToro's social trading platform ranks highly due to its excellent user experience and active community chat, useful for beginners seeking trading opportunities. The platform also offers competitive fees on a vast selection of CFDs and actual stocks, alongside beneficial rewards for skilled strategy contributors.
Pros
- eToro enhanced social trading in 2025 by incorporating insights from over 10 million Stocktwits users to assess market sentiment.
- eToro has expanded its investment options by regularly adding new crypto assets, now offering over 100 digital currencies.
- eToro is a well-known brand with strong global regulation and a community of over 25 million users.
Cons
- Contact options are limited, except for the in-platform live chat.
- The absence of extra charting platforms like MT4 may reduce the appeal for experienced traders used to third-party software.
- There are no guaranteed stop-loss orders, which would be a helpful risk management feature for beginners.
Filters
Understanding Spain’s Financial Watchdog: The CNMV
The Comisión Nacional del Mercado de Valores (CNMV), known in English as the National Securities Market Commission, oversees and regulates the securities markets in Spain, including online brokers. Think of it as the referee for financial trading in Spain, ensuring everything is fair and above board.
What Makes CNMV Important?
– The CNMV works hard to maintain a stable trading environment, which has earned it a high ranking in our Regulation & Trust Rating.
– It enforces the European Union’s financial rules, known as MiFID II, to provide a consistent and beneficial regulatory framework for both big institutions and everyday investors.
– The CNMV is proactive in protecting traders by regularly warning against unauthorized firms trying to operate without permission.
Spotting Authorized Brokers
On brokerlistings.com, you’ll find the best trading platforms authorized by the CNMV. We’ve double-checked to make sure each one is officially listed as a domestic or an EU-approved foreign broker.
Our Method to Find Top CNMV Brokers
Here’s how we identified the top brokers regulated in Spain:
– We searched our broker database for those claiming CNMV regulation.
– Their credentials were verified through the Spanish regulator’s public registry.
– Rankings were done based on ratings from over 100 data points and personal evaluations by our testers.
Checking if a Broker is CNMV-Approved
It’s easy to verify if a broker is regulated by the CNMV:
- Go to the CNMV’s Register of Authorized Entities.
- Enter the broker’s name in the search box and click ‘Search.’
- Check the broker’s details, like name, address, and description of services provided.
For example, I checked eToro, a top platform for copying successful trades, confirming it’s CNMV-authorized. This quick check takes less than two minutes and is crucial before investing your money.
Rules CNMV-Regulated Brokers Must Follow
Brokers regulated by the CNMV must adhere to strict rules:
- They need a CNMV license, showing they have enough financial resources, a solid organizational structure, and compliance systems.
- Maintaining a certain amount of capital is essential to cover risks and ensure financial stability.
- Robust risk management systems are needed to handle potential trading risks.
- Brokers must ensure their services fit the client’s knowledge and financial situation.
- There must be strict checks to prevent money laundering and verify client identities.
- Regular financial reporting to the CNMV is mandatory to prove financial health.
- Internal compliance programs are crucial, including regular audits and staff training.
In July 2023, the CNMV tightened rules on advertising CFDs (complex financial products) directly to the public to protect inexperienced traders. This builds on earlier restrictions from Spain in 2019 and by European regulators in 2018.
CNMV’s Regulatory Powers
The CNMV actively monitors and enforces rules through several actions, like:
– Imposing fines for breaking regulations, such as failing to disclose risks properly.
– Publishing statistics on regulatory actions taken.
– In 2022, they issued 45 fines totaling over €6.3 million mainly for insider trading and market manipulation.
– Publicly reprimanding non-compliant brokers, which harms their reputation.
– In serious cases, the CNMV can revoke a broker’s authorization to operate in Spain.
Final Thoughts
The CNMV is key to ensuring financial fairness and stability in Spain. It ensures brokers operate with honesty and reliability through thorough checks, continuous monitoring, and stringent enforcement actions.
Explore our selection of top CNMV-regulated brokers to find a trading platform that meets your needs.