Darwinex is taking action on CFD trading for new Spanish clients and/or residents in Spain from 31 July 2024.
The Comisión Nacional del Mercado de Valores (CNMV) published a resolution with measures to intervene in CFDs in July 2023. Since a large part of Darwinex’s business is based on CFDs and FX, and Darwinex cannot block the brand and distribution of reaching Spanish retail customers without knowledge or experience in these instruments, is forced to stop offering both instruments.
This means that Darwinex will stop offering CFDs to new retail Spanish clients and/or residents in Spain, both traders and investors, from 31 July 2024.
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 Investor in DARWIN.
- You have completed the process of opening a live account before July 31, 2024.
- You have been categorized as a professional customer with Darwinex.
Darwinex says:
“Although this decision was difficult, we strongly believe that it is the only possible solution for scrupulous compliance with the CNMV decision.”