Broker availability in Portugal

Best brokers available in Portugal

Portugal permits regulated investment firms to serve residents through an authorised Portuguese entity or, for eligible EEA firms, through a properly notified branch or cross-border services passport. Retail CFDs remain subject to Portugal's permanent product-intervention rules, so broker availability does not mean every leveraged product is unrestricted.

Your country

Portugal rules

What traders should know

Investment firms established in Portugal require CMVM registration; eligible EEA firms can provide services through a Portuguese branch or cross-border services after the required home-state notification and Portuguese registration/passport process.
Portugal maintains permanent retail CFD product-intervention measures aligned with the former ESMA regime, including leverage caps by underlying asset class.
Retail CFD protections include margin close-out, negative-balance protection, a standardised risk warning and restrictions on monetary and non-monetary incentives.
Binary options are subject to permanent national product-intervention restrictions for retail clients.
Product availability is separate from account availability: appropriateness checks, PRIIPs/KID requirements, professional-client status and broker-specific permissions can restrict individual instruments.

Verified availability

Brokers serving Portugal

Interactive BrokersInteractive Brokers Ireland Limited Available 96/100 Review & country fit →

Available/eligible products: Stocks, ETFs subject to EEA retail PRIIPs/KID rules, Listed options subject to trading permissions, Listed futures subject to trading permissions, Currencies/FX subject to permissions, CFDs where eligible under IBKR Ireland product and appropriateness rules, Bonds and funds

Restricted/not offered: Products without the required PRIIPs Key Information Document for EEA retail clients, Event contracts for MiFID retail clients, Any instrument for which the client lacks trading permission or fails appropriateness/eligibility requirements

IGIG Europe GmbH Available 94/100 Review & country fit →

Available/eligible products: Forex/spot-FX derivatives, CFDs on indices, shares, commodities and cryptocurrencies, Vanilla options and barriers where offered on the Portuguese account

Restricted/not offered: Cash share dealing was not verified for Portugal; reviewed share exposure is primarily via CFDs, ETF exposure is available through CFDs; direct ETF ownership was not verified, Direct exchange-listed futures brokerage was not verified, Retail leverage remains capped by Portuguese/EU product-intervention rules

Trading 212Trading 212 EU GmbH Available 93/100 Review & country fit →

Available/eligible products: Direct ordinary and preferred shares through Invest, Direct ETFs, ETPs, ETCs, REITs and investment trusts through Invest, Forex CFDs, Share and ETF CFDs, Index-, commodity-, forex- and treasury-futures CFDs, Cryptocurrency CFDs for Trading 212 EU GmbH accounts

Restricted/not offered: Direct exchange-listed futures were not verified; the reviewed futures exposure is via CFDs, Listed options are not in the current published Trading 212 instrument catalogue, Separate spot-crypto account availability for Portugal was not verified and is provided by a different legal entity where available

XTBXTB S.A. - Sucursal em Portugal Available 91/100 Review & country fit →

Available/eligible products: Direct shares, Direct ETFs, Vanilla options on selected US shares and ETFs, Forex CFDs subject to Portuguese retail leverage limits, Index, commodity, share, ETF and cryptocurrency CFDs subject to Portuguese retail leverage limits

Restricted/not offered: CFD leverage above applicable Portuguese retail limits unless the client qualifies and is accepted as professional, Direct listed futures were not verified in the Portugal offering, Spot cryptocurrency ownership was not verified; the reviewed crypto exposure is via CFDs

SaxoLegal entity being verified Restricted 93/100 Review & country fit →

Restricted/not offered: New-account CTA until Portugal is verified in the live onboarding selector and the serving legal entity is identified, Forex, CFDs, stocks, ETFs, options and futures until the Portugal-specific serving entity and product permissions are resolved

Country sources

Best brokers available in Portugal

Brokers serving Portugal

Sources