CVM
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BrazilRegulated jurisdiction with established oversight, though with fewer investor protections than Tier 1.
This regulator does not publish a mandated retail leverage limit.
Brazil's Comissão de Valores Mobiliários regulates the securities and capital markets. CVM-authorised brokers serving Brazilian residents must meet local registration and conduct requirements.
CVM Regulated Stock Brokers
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Find my brokerFrequently Asked Questions
CVM is classified as a Tier 2 regulator. Regulated jurisdiction with established oversight, though with fewer investor protections than Tier 1.
We currently list 0 stock brokers regulated by CVM. The full list is shown above, sorted by overall trader rating.
CVM is based in Brazil and covers the Brazil 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 CVM 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 CVM in Brazil. 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.