{"id":915,"date":"2016-11-17T13:14:41","date_gmt":"2016-11-17T13:14:41","guid":{"rendered":"http:\/\/www.makemoneytradingreviews.com\/?page_id=915"},"modified":"2020-09-21T11:38:43","modified_gmt":"2020-09-21T11:38:43","slug":"cmvm-registered","status":"publish","type":"page","link":"https:\/\/www.makemoneytradingreviews.com\/cmvm-registered\/","title":{"rendered":"CMVM Forex Brokers"},"content":{"rendered":"
Just as with other Forex markets in the world, with increased technology developments and global availability, there are many new traders engaging in the market every day. There are many domestic and foreign broker companies offering trading opportunities to Portuguese traders, and there is a need for regulation in both policymaking and implementation.<\/p>\n
Comiss\u00e3o do Mercado de Valores Mobili\u00e1rios<\/a>, the Portuguese Securities Market Commission, was founded in 1991 and operates as an independent public institution. The CMVM is independent both administratively and financially, serving similarly to other similar agencies such as the US SEC. The commission is a supervisor and regulator to financial markets, authorizing the Forex brokers in Portugal and overseeing their activities. It works to ensure market stability and reliability, with well-developed system and procedures. It\u2019s implementing top trading standards, being an integral part of both the Committee of European Securities Regulators (CESR) and International Organization of Securities Commissions (IOSCO).<\/p>\n The Commission has been particularly active in cautioning people against signing up with the entities who are not CMVM regulated Forex brokers. These companies, by not being regulated by a local body, are not subject to laws of the country and, subsequently, fly under the radar. The CMVM site regularly updates their database with regulated and unregulated Forex brokers, publically naming those who try to offer their services on the Portuguese market without acquiring a proper license. Their strict policies, requiring all regulated brokers to subject themselves to regular control and audits, are a guarantee of safety for the traders. The CMVM constantly warns all traders and wannabe traders that by engaging into a business relationship by an unregulated broker, they are entering a contract not ruled by law. This means that if anything goes sideways, you will have no recourse as the broker is not under the supervision of the CMVM.<\/p>\n Fully regulated CMVM Forex brokers may be a few, but these are the companies you want to do the business with in Portugal. By going through the pains to acquire a proper license, these brokers have demonstrated they are serious and dedicated to showing their clients they run a fair and transparent business operation. Furthermore, CMVM regulated Forex brokers are required by law to submit full financial and other reports on a regular basis, which prevents different shady activities inherent to those trying to stay of the grid. Top CMVM Forex brokers can\u2019t allow for any unfair practices if they don\u2019t want to put their license on the line. On those rare occasions that a broker does happen to slip up, you will have legal channels through which you can lodge your complaint. Be it a withdrawal issue or something you believe is an unfair practice, the CMVM will be quick to react and investigate the situation. If irregularities are discovered, they will be promptly published on the Commission\u2019s website, making sure other traders are aware of potential risks.<\/p>\nStern Policy Regarding Unregulated Brokers<\/h3>\n
Benefits of Trading with Top CMVM Forex Brokers<\/h3>\n
Decent Forex Brokers<\/h3>\n