Forex Brokers in Italy

Richard Montana | November 23, 2022

Currency trading is popular in Italy with traders and investors buying and selling currency pairs to try and capitalise on fluctuating prices in the volatile forex market. The forex broker regulator in Italy is the Commissione Nazionale per le Società e la Borsa (CONSOB). The CONSOB is the public authority responsible for regulating the Italian financial markets. Its activity is aimed at the protection of the investing public. However, you do not necessarily need to use a CONSOB forex broker. This is because there are plenty of other brokers based outside of Italy that are regulated and able to offer forex trading to clients in Italy.

Best forex brokers Italy

To find the best forex brokers in Italy, we created a list of all the regulated forex brokers that can accept traders in Italy, then ranked them according to our overall ratings. You can see the list of our top forex brokers for Italy below.

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA

$100

2006

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
2.

ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA

$250

1974

1:200

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
3.

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$200

2010

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
4.

ASIC, CySEC, FSA, SCB

$200

2007

1:500

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
5.

CBI, CONSOB, FCA, PRA

$1

1999

1:20

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

CONSOB forex brokers in Italy

The Commissione Nazionale per le Società e la Borsa (CONSOB) is the public authority responsible for regulating the Italian securities market. The authority was formed in 1974 by the government, in cooperation with the Bank of Italy.

The scope of CONSOB spans regulating the entire Italian financial markets, including the securities market and financial services companies like forex brokers.

They aim to protect the investor community by regulating, authorizing, monitoring and controlling Italian financial markets while ensuring the efficiency, transparency and development of the securities markets.

To achieve these objectives, the Commission, through regulation, regulates its own organization and operations with the sole limitation of legitimacy checks carried out by the Presidency of the Council of Ministers.

Like any other regulators within the EEA region, CONSOB’s regulatory frameworks are based on the European Union’s recommendations of Markets in Financial Instruments Directive II (MiFID II). It creates a standardized regulatory environment across the EU.

The CONSOB is considered a competent authority for ensuring transparency and correct behaviour by financial market participants, and the disclosure of complete and accurate information to the investing public by listed companies. It conducts investigations concerning potential infringements of insider dealing and market manipulation law.

The organization runs regular investigations to detect insider dealing or other financial misconducts to keep the market integrity intact. The CONSOB also cooperates with The Bank of Italy, The Pension Fund Regulatory Authority, The Insurance Industry Regulatory Authority as well as other supervisory entities towards a safer and better market atmosphere.

How to verify CONSOB regulated brokers in Italy

CONSOB forex brokers can provide good security in terms of fund safety and possible compensation if something was to go wrong. However, traders from Italy are free to choose any other regulated forex broker that meets their own individual requirements.

You can get the brokers regulation number from the disclosure text at the bottom of their homepage. You can then search for the registration number on the CONSOB website to confirm if the forex broker is regulated to provide financial products and services in Italy.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.


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