Italian forex broker

Italian forex broker

Posted: Steelhomeless_ru Date of post: 19.06.2017

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In Italy, Forex regulation is carried out by CONSOB Commissione Nazionale per le Societa e la Borsa , otherwise known as the Italian National Commission for Companies and the Stock Exchange. For many years CONSOB has taken the hard line approach regarding investments it sees as very risky.

In some ways this explains why it has been so harsh on binary options brokers. Countries with a much bigger presence, such as Germany and UK, have developed way beyond the Forex brokerage business in Italy. Interest in Forex has waned considerably in recent years, and many Italian Forex traders use brokers registered in other European countries.

This single EU currency has pushed other currencies into the deepest and darkest recesses of history. Which meant the conditions were right for Forex market business to take place in Italy.

When the Euro was adopted Italian brokers had to compete with other markets in Europe. And the conditions in those markets were much more favorable. Trade conditions are better in other EU countries, so Forex brokers have tended to concentrate their efforts there.

On the contrary, in fact.

A number, albeit small, have decided to stay and stick it out. The brokerage companies in Italy are either locally based, or branches of offshore brokerages who have simply decided to set up shop in Italy.

italian forex broker

Homegrown Forex brokers in Italy These brokers operate using their own proprietary platforms, or are a customized brand, based on the offering and packages of foreign Forex trading companies. Some of these companies offer products that have been developed for Italian customers, and the products are tailored to benefit traders in the Italian market.

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Brokers that are branches of established brands These brokers will already have been operating in other more developed markets, for example the UK, Cyprus and Germany. These branches have to obtain a license from CONSOB, in order to operate.

The jury is still out for Forex in Italy, but there is a glimmer of hope that it will regain its place in the market. Established companies have spotted the underserved market and are keen to cash in.

CONSOB have succeeded in narrowing the field in relation to investment options, and the Italian public currently has only stocks or Forex they can invest in. Forex traders in Italy can rest assured that their protection is taken seriously by CONSOB, as it has a strong regulatory influence over brokers offering Forex services in Italy.

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And this is guaranteed whether the broker is Italian or an offshore company. CONSOB has started the process towards full cooperation with UK and French licensing bodies to identify unregistered Forex brokerage companies. Thanks of course to the internet. After all the logo looks bona fide. The new initiative between these 3 countries means there is nowhere to hide.

A trader can quickly and easily confirm, via CONSOB, that the company really does have a license. Your browser is out of date. Please upgrade your browser or install Google Chrome Frame. Risk Warning - Your capital is at risk. Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved!

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