Spanish Financial Regulator Alerts Investors to Unregistered Trading Platforms
From December 1 - 9, 2025, the National Securities Market Commission (Comisión Nacional del Mercado de Valores, CNMV), Spain’s financial regulator, issued warnings to unauthorized forex brokers and other unlicensed financial service providers.
As the watchdog overseeing Spain's financial markets, the CNMV updates ‘Public Warnings’ that serve as a crucial warning to investors, urging caution and fund protection when dealing with unregulated brokers.
According to the regulator, brokers flagged by the Commission were not legally providing financial services within the country. Therefore, BrokersView advises investors to carefully review the warnings issued by the CNMV before making investment decisions, especially those residing in Spain.
The following brokers are not authorized to offer investment services, conduct foreign currency transactions, or deal in related financial instruments under the Securities Market Act:
| Name | Website | Screenshot of homepage |
| IMAX PL / INTERSOS | https://imaxpl.vip/ |  |
| Galaxy Digital SP | https://galaxy-digitsp.com/ |  |
| Globe Markets | https://globe-markets.com/ |  |
| INTLBTC / MHR | http://www.mhr.lat/ |  |
| Chainblocks / CHAINBLOCKS SOLTCORP. LTD. | https://chainbl0cks.net/ |  |
| Felix Markets |
https://felixmarkets.com/ https://felixmarkets.trade/ https://felixmarkets.org/ |
 |
| Riesda Investment Inc |
https://riesda.org/ http://risahb.com/ |
 |
| Airsed | https://www.airsed.com/ |  |
| Fortumholdings / Fortumholdings.ltd | https://fortumholdings.ltd/ |  |
| FX808 | https://fx808.com/home/ |  |
| Prometheus Investment Management | https://prometheusuk.com/ |  |
| Devine Global Fx | https://divineglobalfx.com/ |  |
| Swift Pro Trades / Swift Pro Trades Inc | https://swiftprotrades.com/ |  |
| Toro Capital Trade | https://torocapital.group/ |  |
| Seneca / Seneca Education | https://senecaeducation.co/ |  |
Among the brokers without licenses, three platforms have been identified as clones.
| Name | Website |
| Altex Momentum |
https://finance-discovery.com/ https://altex-momentum.io/ |
| Monex Holdings Ltd |
http://monex-marketsltd.com/ https://monexaholdingltd.com/ https://web.monexahollding.com/ http://monexxaholding.com/ |
|
Acapital Bbagencia |
https://acapital-bbagencia.com/ |
Some unlicensed financial services providers’ websites have been suspended, but the perpetrators behind the platforms may come back to the market with new names and websites.
| Name | Website |
| JLT Wealth Management / JLT WM LTD | https://sp.jltwmltd.com/ |
| HYCOINEX | http://www.hycoinex.com/ |
| MGSEXC | http://www.mgsexc.com/ |
| MSCEX | https://msccex.com/ |
| Intellinovex | https://intellinovex.com/ |
| QTMAX APP | https://quantureapp.net/ |
| Digiteam Agency | https://digiteamagency.com/ |
| Trade Smart X | https://tradesmartx.com/ |
| Swift Trade Fx | https://swifttradefx.com/ |
BrokersView reminds you
The National Securities Market Commission (CNMV) is the Spanish government agency responsible for the financial regulation of the markets in Spain.
Click to find more brokers regulated by the CNMV.
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