KNF

What a Tier 2 regulator means

Recognised national regulator (incl. smaller EU MiFID regulators) with client-money rules but less capacity or weaker compensation. We use this tier in the regulation part of every Editor Rating. How regulator tiers work.

Where a KNF licence counts on Coinish

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 KNF licence

1. Open the KNF public register and search for the company name or licence number shown in the broker’s website footer.
2. Check the legal name matches the company named in your account agreement: brokers often run several companies under one brand.
3. Check the licence is current and covers the service you want (for example dealing in CFDs or holding client money).

Lists where KNF-licensed companies are ranked

Forex brokers in Germany (1) · CFD brokers in Germany (1) · Stock brokers & investing apps in Germany (1) · Forex brokers in Italy (1) · CFD brokers in Italy (1) · Stock brokers & investing apps in Italy (1) · Forex brokers in Spain (1) · CFD brokers in Spain (1) · Stock brokers & investing apps in Spain (1) · Forex brokers in Portugal (1) · CFD brokers in Portugal (1) · Stock brokers & investing apps in Portugal (1)