CONSOB Brokers for 2021

We found 4 online brokers that are appropriate for Trading CONSOB Regulated Investment Platforms.

CONSOB Brokers Guide

Updated May 06, 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. You can go straight to the broker list here.

Reputable CONSOB Brokers Checklist

There are a number of important factors to consider when picking an online CONSOB Regulated Investment Platforms trading brokerage.

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.

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 eToro naga Traders Trust Exness
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) 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 200 250 100 1
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 20,000,000+ 650,000+ 10,000+ 10,000+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Desktop platform, Web platform, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
etoro
Sign Up with
naga
Sign Up with
traderstrust
Sign Up with
exness
Risk Warning 67% of retail investor accounts lose money when trading CFDs with this provider. Your capital is at risk Losses can exceed deposits Losses can exceed deposits
Demo eToro
Demo
Naga
Demo
Traders Trust
Demo
Exness
Demo
Excluded Countries IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, 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 List

eToro
(4/5)
Min deposit : 200
eToro was established in 2007 and is used by over 20000000+ traders. 67% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). Cryptocurrency availability with eToro is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
naga
(2/5)
Min deposit : 250
Naga was established in 2015 and is used by over 650000+ traders. Your capital is at risk Naga offers Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading. Cryptocurrency availability with Naga is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Desktop platform, Web platform, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated 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
Traders Trust
(3/5)
Min deposit : 100
Traders Trust was established in 1998 and is used by over 10000+ traders. Losses can exceed deposits Traders Trust offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by 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)
Exness
(3/5)
Min deposit : 1
Exness was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits Exness offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by 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)