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PortugalEach broker on this page is authorised by the CMVM, Portugal's Tier 1 financial markets regulator and member of the European Union regulatory framework. CMVM-regulated firms must comply with MiFID II standards, including mandatory client fund segregation and a maximum retail leverage cap of 1:30 on major instruments. Authorisation by CMVM provides brokers with EU passporting rights, enabling traders to access services across the European Economic Area.
Verify on official register
Check a broker’s licence status directly on the CMVM register.
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.
IG stands out in the UK stocks market for combining real share dealing, a Stocks & Shares ISA, listed options trading, and bonds, giving active investors a full-service, multi-asset account that most app-based platforms cannot match.
eToro's zero-commission real stocks and fractional share product make it accessible for beginners, though its USD-denominated accounts mean non-US investors face FX conversion costs on every transaction.
CMVM is classified as a Tier 1 regulator. Highest level of investor protection with strict capital requirements and segregated client funds.
We currently list 4 stock brokers regulated by CMVM. The full list is shown above, sorted by overall trader rating.
CMVM is based in Portugal and covers the European Union jurisdiction. As a Tier 1 regulator, it enforces strict capital adequacy, client fund segregation, and compensation schemes, making it one of the safest options for retail investors.
Visit the official CMVM 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 CMVM in Portugal. 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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