CONSOB
Commissione Nazionale per le Società e la Borsa · Italy
Negative-balance protection is required
CONSOB rules require CFD providers to protect retail clients from losing more than the funds in their account.
“Lo scopo della protezione da saldo negativo è di assicurare che le perdite massime di un investitore dalla negoziazione in CFD”
Source · checked Oct 5, 2026
What a Tier 1 regulator means
Major-market regulator with a statutory investor-compensation scheme, strict capital and client-money rules, and an active enforcement record. We use this tier in the regulation part of every Editor Rating. How regulator tiers work.
Where a CONSOB licence counts on Coinish
It is the local regulator for Italy: a company licensed by CONSOB counts as locally licensed there. As a regulator in the European Economic Area, its licensees can also serve other EEA countries under the EU passport once they have notified those countries; we record which ones each company serves.
How to check a CONSOB licence
- Open the CONSOB public register and search for the company name or licence number shown in the broker’s website footer.
- Check the legal name matches the company named in your account agreement: brokers often run several companies under one brand.
- Check the licence is current and covers the service you want (for example dealing in CFDs or holding client money).
Tracked entities licensed by CONSOB
None of the brokers we track has a verified entity with this regulator yet.