Warnings from CNMV: Unauthorized Financial Platforms and Applications Draw Attention of Spanish Regulator

On December 22, 2025, the National Securities Market Commission (Comisión Nacional del Mercado de Valores, CNMV), Spain’s financial regulator, issued warnings to ten unauthorized financial brokers and two mobile applications promoted via WhatsApp.

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 CNMV before making investment decisions, especially for those who are 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
iNCO-PRO / iNCO-PRO Limited	https://inco-pro.com/
MMKD	https://mmkdq.com/
HYEX TECHNOLOGY	https://pc.hyextech.com/
Fintradix	https://fin-tradix.com/
DSXS	https://dsxs.com/#/home
NEXPERTS	https://ne-xperts.com/	/
FIATBIT FINANCIAL TECHNOLOGY CO. LIMITED	https://www.fiatbit.com/	/
CEO SANCHEZ / INSTITUTO SANCHEZ	https://ceosanchez.com/	/
SwissWealthManagement	https://swisswealthm.ai/ http://swisswealthm.net/
Onemillion / One Million Team	https://www.onemillion.team/en

The two financial mobile apps promoted via WhatsApp and warned by CNMV were: ITMBK APP and IBESMAX APP. Investors should beware of downloading the apps with the same names and avoid transactions.

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.