Darwinex to Stop Offering CFDs to Spanish Retail Clients to Comply with CNMV Regulations

FCA-authorized forex broker Darwinex on Wednesday announced that they will stop offering CFDs to new retail Spanish clients and/or residents in Spain, both traders and investors, from 31st July 2024, citing a resolution with intervention measures in CFDs in July 2023 published by the Comisión Nacional del Mercado de Valores (CNMV) as the reason. The broker believes it is the only possible solution to scrupulously comply with the CNMV's resolution.

Darwinex explained that since a large part of Darwinex's business is based on CFDs and FX, and they cannot prevent their branding and distribution from reaching Spanish retail clients without knowledge or experience in these instruments, they are forced to stop offering both instruments.

It is important to note that this measure does not affect you if you meet any of these conditions:

• You currently have a real CFD account with Darwinex, either as a Trader or as an Investor in DARWINs.
• You have completed the real account opening process before 31st July 2024.
• You are categorized as a professional client with Darwinex. 

New clients affected by this measure who wish to join Darwinex can access a range of assets, including stocks, ETFs, and futures, through the broker’s integration with Interactive Brokers.