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ChileThe brokers listed here hold licences from the CMF, Chile's Tier 2 financial regulatory authority. CMF-regulated brokers must comply with local rules governing stocks and financial intermediation, including requirements for operational transparency and client fund management. Retail trading leverage limits are not specified by the regulator. Licences from the CMF are specific to Chile, and brokers do not have EU passporting rights.
Interactive Brokers offers unrivalled market access and the lowest commissions in the industry for active stock traders. The TWS platform is extremely powerful but has a steep learning curve for beginners.
CMF is classified as a Tier 2 regulator. Regulated jurisdiction with established oversight, though with fewer investor protections than Tier 1.
We currently list 1 stock broker regulated by CMF. The full list is shown above, sorted by overall trader rating.
CMF is based in Chile and covers the Chile jurisdiction. As a Tier 2 regulator, it provides meaningful oversight, though investors should also verify whether a broker holds an additional Tier 1 licence for added protection.
Visit the official CMF website and use their public register or licence verification tool. Enter the broker's registered name or licence number to confirm its status. This is the most reliable way to check a broker's regulatory standing.
Compensation availability depends on the specific rules of CMF in Chile. Tier 1 regulators typically operate investor compensation schemes covering a portion of client funds. Check the regulator's official guidance for current limits and eligibility criteria.
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