CONSOB Brokers Guide
Updated October 21, 2021
CONSOB Regulated Brokers
The 'Commissione Nazionale per le Societ e la Borsa', or CONSOB is the Italian governmental securities and exchange commission. It is a regulatory body with the main responsibility of regulating investment companies, products, financial markets, securities, Forex brokerages, stock exchanges, and so forth. It must be noted that not all brokers regulated by other regulatory bodies are CONSOB-regulated brokers.
CONSOB is responsible for regulating the parties involved in financial activities within the country of Italy. Both investors and investment firms are subject to CONSOB's regulations. CONSOB is also responsible for regularly responding to financial fraud or misconduct reports. CONSOB coordinates and cooperates with other regulatory authorities related to insurance, retirement funding, and major banks, to ensure a safe market environment for Italian investors. Until they are regulated by CONSOB, neither domestic nor offshore investment firms (nor their offerings) are considered legal.
General Conditions
In general, Forex trading activities are completely legal in Italy and foreign exchange has become a popular trading instrument. This could be because of the high unemployment rate in the country. Many Italian citizens see Forex trading, not as a shortcut, but as a feasible way to make money. It provides them with a continuous, yet considerable, amount of income, because it is not affected by domestic conditions. Forex trading is legal; however, there are other related activities that still need further regulation.
The Italian government has warned domestic traders that binary options trading and brokerage services are high risk decisions. CONSOB strictly regulates brokerage firms/platforms, and requires them to complete all necessary licenses before they can legally offer binary options trading for Italian citizens. Regulations should be the main guide and reference for all investors when choosing a trading brokerage service and/or platform. Some conditions of CONSOB-regulated brokers are mentioned below.
Securities Market
CONSOB is a fully autonomous regulatory body that takes care of the securities market. Therefore, any instrument, brokerage, and/or offering is subject to their regulations. This national commission has put strict regulations on trading brokers, or platforms, that offer securities trading. Even though Italian traders can use unregulated brokers if they so choose, the Italian government won't step in if/when they have to deal with disputes.
Licenses for Brokerages
Brokers need to get all the necessary licenses for legal operation within the country. All trading activities within their platform would then be supervised by CONSOB. Only brokers that comply with their requirements can get licenses to legally operate in Italy. The licensing process is to ensure that the platform and mechanisms are free from scams, insider trading, and other fraudulent financial activities; therefore, CONSOB would deliver all brokerage sites.
Regulated brokers are those that have complied with all CONSOB requirements. Yet, not all licenses are valid to meet CONSOB regulations. If they choose not to take licenses from CONSOB, brokers or investment firms could get their licenses from other recognized regulatory bodies. CONSOB does affirm licenses issued by other regulatory bodies within the European economic area of those particular brokers.
CONSOB-licensed brokers would be able to legally operate and open offices in the country. At this point, you can check whether the brokers have their headquarters or representative office in Italy before using their service. Using these licensed brokers means that you'd not only get protection, but the government can step in to handle disputes you may experience in the future. Since CONSOB is an autonomous regulatory body, any response to financial misconduct can be instantly performed. This ability provides peace of mind for both investors and investment firms.
MiFID
Forex brokers operating in Italy are all subjects to MiFID, which provides protection for traders against bankruptcy. When a client trader falls into such a situation, Forex brokers must provide compensation. At this point, using CONSOB-regulated brokers provides all traders with extensive protection benefits. This is very important for traders who are actively trading derivatives, and use different brokers at the same time.
Requirements for Licensed Brokers
Even those brokers that already have necessary licenses would need to comply with conditionality points determined by CONSOB. Each broker should place their client's funds in a segregated account in another bank and comply with the minimum capital amount requirements. When it comes to Forex trading, licensed brokers are allowed to charge up to 0.2 pips of spread on margin trades of major currency pairs. This provides Italian traders with more leverage when trading currencies.
CONSOB-Regulated Brokers Verdict
CONSOB-regulated brokers are the ones that can legally operate in Italy. Italian traders who use these brokers get degrees of governmental protection for their trading activities. Generally speaking, using a regulated broker is highly advisable for all Italian traders. These regulations are also legit references when considering whether to trade with offshore brokers or trading platforms, regardless of the instruments being traded. At this point, you can narrow down your options into CONSOB-regulated brokers, and then, you can compare their offerings.
We've collected thousands of datapoints and written a guide to help you find the best CONSOB Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best CONSOB Regulated Investment Platforms below.
Reputable CONSOB Brokers Checklist
There are a number of important factors to consider when picking an online CONSOB Regulated Investment Platforms trading brokerage.
- Check your CONSOB Regulated Investment Platforms broker has a history of at least 2 years.
- Check your CONSOB Regulated Investment Platforms broker has a reasonable sized customer support of at least 15.
- Does the CONSOB Regulated Investment Platforms broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your CONSOB Regulated Investment Platforms broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your CONSOB Regulated Investment Platforms broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your CONSOB Regulated Investment Platforms can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering CONSOB Regulated Investment Platforms.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below CONSOB Regulated Investment Platforms.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 CONSOB Regulated Investment Platforms of 2021 compared
Here are the top CONSOB Regulated Investment Platforms.
Compare CONSOB Regulated Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are CONSOB Regulated Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more CONSOB Regulated Investment Platforms that accept CONSOB Regulated Investment Platforms clients
| Broker |
naga
|
Traders Trust
|
Exness
|
| Rating | |||
| Regulation | Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Società e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA) | Cyprus Securities and Exchange Commission (CySEC), CRFIN, The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Netherlands Authority for the Financial Markets (AFM), Banque de France, The National Securities Market Commission (CNMV), The Commissione Nazionale per le Società e la Borsa (CONSOB), Finansinspektionen (FI), Komisja Nadzoru Finansowego (KNF) |
| Min Deposit | 250 | 100 | 1 |
| Funding |
|
|
|
| Used By | 650,000+ | 10,000+ | 10,000+ |
| Benefits |
|
|
|
| Accounts |
|
|
|
| Spreads |
|
|
|
| Platforms | MT4, MT5, Desktop platform, Web platform, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
| Support |
|
|
|
| Learn More |
Sign
Up with naga |
Sign
Up with traderstrust |
Sign
Up with exness |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
| Demo |
Naga Demo |
Traders Trust Demo |
Exness Demo |
| Excluded Countries | US, AU, IR, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX | US | US, JP, SG |
All CONSOB Regulated Investment Platforms in more detail
You can compare CONSOB Regulated Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top CONSOB Regulated Investment Platforms for 2021 article further below. You can see it now by clicking here
We have listed top CONSOB Regulated Investment Platforms below.
CONSOB Brokers Table of Contents
- CONSOB Brokers Explained
- 6 Factors to Consider when Choosing CONSOB Brokers
- Are Your CONSOB Brokers Trusted And Established?
- Are The CONSOB Brokers World Leading?
- What are the CONSOB Brokers Commissions and Fees?
- What are the CONSOB Brokers Funding and Withdrawl Methods?
- Find CONSOB Brokers with Round-the-clock support?
- Make sure the CONSOB Brokers Offer Comprehensive Trader resources?
- Why CONSOB Brokers needs to be regulated?
- CONSOB Brokers FAQ
- What are the best CONSOB Regulated Investment Platforms brokers?
- What is the best CONSOB Regulated Investment Platform broker?
- Related CONSOB Brokers Reviews
- Related CONSOB Brokers Alternatives
- Related CONSOB Brokers Comparisons
CONSOB Brokers Explained
Trading the financial markets with CONSOB Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for CONSOB Brokers is the platform that a CONSOB Brokers offer.
Choose CONSOB Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need CONSOB Brokers that you can rely on.
6 Factors to Consider when Choosing CONSOB Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your CONSOB Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated CONSOB broker is Naga. Established in 2015, and in operation for 5 years Naga have a head office in Cyprus.
Naga is regulated. This means Naga are supervised by and is checked for conduct by Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 regulatory bodies.
Another top rated broker is Traders Trust.
Traders Trust was established 1998, and in operation for 20 years Traders Trust have a head office in Cyprus.
Traders Trust is regulated. This means Traders Trust are supervised by and is checked for conduct by Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 regulatory bodies.
| Broker |
naga
|
Traders Trust
|
Exness
|
| Year Established | 2015 | 1998 | 2008 |
| Head Office | Cyprus | Cyprus | Cyprus |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Società e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA) | Cyprus Securities and Exchange Commission (CySEC), CRFIN, The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Netherlands Authority for the Financial Markets (AFM), Banque de France, The National Securities Market Commission (CNMV), The Commissione Nazionale per le Società e la Borsa (CONSOB), Finansinspektionen (FI), Komisja Nadzoru Finansowego (KNF) |
| Used By | 650,000+ | 10,000+ | 10,000+ |
| Negative balance protection | No | ||
| Guaranteed Stop Loss | No | ||
| Learn More | Visit Naga | Visit Traders Trust | Visit Exness |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Are The CONSOB Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. Naga Segregates clients funds and offers over 950 instruments. Naga offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the Naga platform enables access to a variety of financial markets worldwide. Naga is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for CONSOB Brokers is Traders Trust . Traders Trust Segregates clients funds and offers over 100 instruments.
| Broker |
naga
|
Traders Trust
|
Exness
|
| Instruments Available | 950 | 100 | 100 |
| Platforms | MT4, MT5, Desktop platform, Web platform, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, AU, IR, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX | US | US, JP, SG |
| Forex pairs offered | 45 | 15 | 110 |
| Forex pairs offered | 45 | 15 | 110 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | |
| Exotic forex pairs | Yes | Yes | |
| Cryptocurrencies (availability subject to regulation) | Yes | No | No |
| Commodities Offered | 0 | 0 | 0 |
| Metals | Yes | Yes | No |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | No | Yes |
| Stocks Offered | 450 | 0 | |
| UK Shares | No | No | No |
| US Shares | Yes | No | No |
| German Shares | Yes | Yes | No |
| Japanese Shares | Yes | No | No |
What are the CONSOB Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated CONSOB broker Naga offers competitive offers for Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading. Naga minimum deposit is 250.
Another top rated CONSOB broker Traders Trust offers Forex. Traders Trust minimum deposit is 100. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
naga
|
Traders Trust
|
Exness
|
| Min Deposit | 250 | 100 | 1 |
| Withdrawl Fees | varies | 0.5%- 2.5% | Yes |
| Inactivity Fees | No | YEs | No |
| Deposit Fees | No | Varies | Yes |
| CFD Commission Fees | Yes | $50/ lot | $10- $30 |
What are the CONSOB Brokers Funding and Withdrawal Methods?
When dealing with CONSOB Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
naga
|
Traders Trust
|
Exness
|
| Bank transfer | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes |
| Paypal | No | No | No |
| Skrill | Yes | No | No |
| Payoneer | No | Yes | |
| Neteller | Yes | Yes | Yes |
Find CONSOB Brokers with Round-the-clock support?
Customer service is very important when dealing with CONSOB Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
CONSOB Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
Naga support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
Traders Trust support a wide range of languages including English, Dutch, Hungarian, French, Polish, Greek, Italian, Russian, Mandarin, Nihongo, Bahasa
Naga and Traders Trust offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
naga
|
Traders Trust
|
Exness
|
| Support |
|
|
|
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Dutch, Hungarian, French, Polish, Greek, Italian, Russian, Mandarin, Nihongo, Bahasa | English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish |
| Learn More | Visit Naga | Visit Traders Trust | Visit Exness |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Make sure the CONSOB Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, Naga and Traders Trust work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why CONSOB Brokers needs to be regulated?
A regulated CONSOB broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
CONSOB brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
CONSOB Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Desktop platform, Web platform, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
