Is ByAlpha regulated in Spain?

https://byalpha.org

ByAlpha is not regulated in Spain. This fact is underscored by a warning issued by the Comisión Nacional del Mercado de Valores (CNMV), Spain's financial regulator. The CNMV has explicitly stated that ByAlpha does not hold a license from them, and as such, is not authorized to offer financial services within their jurisdiction.

Given this situation, ByAlpha poses significant risks for traders, including potential fraud and identity theft. To protect their interests, investors are strongly advised to avoid unlicensed platforms such as ByAlpha and instead opt for platforms that are fully regulated. This ensures a safer trading environment and reduces the risk of financial loss.