IG Markets in Portugal: Is it Available and Legit?
As of June 2026, IG Markets is available to traders and investors in Portugal. This accessibility confirms the broker's authorization to operate within Portugal and its compliance with the necessary regulatory requirements.
Essential details of IG Markets services in Portugal
IG Markets is accessible to traders and investors in Portugal. Key highlights include:
- Portugal residents can open an account with IG Markets
- IG Markets has earned an overall rating of 6.78/10 points according to our methodology.
- IG Markets received 10/10 points for regulation and safety.
- For more detailed information, see our comprehensive IG Markets review.
Is IG Markets a regulated broker? Is it safe?
IG Markets is a regulated Forex broker operating under the supervision of the following regulatory authorities:
| Regulator | Full Name | Country | Protection Fund | Regulation level |
|---|---|---|---|---|
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Full Name Australian Securities and Investments Commission | Country Australia | Protection Fund No specific fund but has stringent consumer protection | Regulation level Tier-1 |
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Full Name Federal Financial Supervisory Authority | Country Germany | Protection Fund Up to €20,000 | Regulation level Tier-1 |
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Full Name Bermuda Monetary Authority | Country Bermuda | Protection Fund No specific fund | Regulation level Tier-3 |
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Full Name Commodity Futures Trading Commission | Country United States | Protection Fund No specific fund | Regulation level Tier-1 |
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Full Name Cyprus Securities and Exchange Commission | Country Cyprus | Protection Fund Up to €20,000 | Regulation level Tier-1 |
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Full Name Dubai Financial Services Authority | Country Dubai | Protection Fund No specific fund | Regulation level Tier-2 |
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Full Name Financial Conduct Authority | Country United Kingdom | Protection Fund Up to £85,000 | Regulation level Tier-1 |
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Full Name Swiss Financial Market Supervisory Authority | Country Switzerland | Protection Fund CHF 100,000 | Regulation level Tier-1 |
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Full Name Financial Markets Authority of New Zealand | Country New Zealand | Protection Fund No specific fund | Regulation level Tier-2 |
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Full Name Financial Sector Conduct Authority of South Africa | Country South Africa | Protection Fund No specific fund | Regulation level Tier-2 |
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Full Name Japan Financial Services Agency | Country Japan | Protection Fund No specific fund | Regulation level Tier-1 |
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Full Name Monetary Authority of Singapore | Country Singapore | Protection Fund No specific fund | Regulation level Tier-1 |
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Full Name National Futures Association | Country United States | Protection Fund No specific fund | Regulation level Tier-1 |
Is IG Markets safe to use in Portugal?
A broker’s security is largely defined by its regulatory status. IG Markets is supervised by a Tier-1 authority, which is considered the highest level of oversight in the financial industry. Such brokers must comply with strict requirements on capital, transparency, and client fund protection. In addition, the presence of an Investor Compensation Fund and a proven track record in financial markets further strengthen trust. According to our methodology, IG Markets received a Regulation and safety score of 10/10, placing it among the most secure brokers.
Is Forex trading allowed in Portugal? Is Forex taxable in Portugal?
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Licensing in Portugal
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Forex trading in Portugal is governed by strict regulatory measures enforced by the Portuguese Securities Market Commission (CMVM) and the Bank of Portugal (BdP). These regulatory bodies oversee and supervise Forex trading activities to maintain market integrity, ensure compliance with established regulations, and safeguard the interests of investors.
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Investor protection in Portugal
The CMVM regulations in Portugal are designed to protect investors engaged in Forex trading. By promoting transparency, accountability, and fair practices in the Forex market, these regulations aim to enhance investor confidence and trust in the financial system. Through ongoing supervision and enforcement actions, the CMVM works to prevent fraudulent activities and market abuses, thereby providing a secure trading environment for investors.
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Taxation in Portugal
Profits generated from Forex trading activities are subject to capital gains tax in Portugal. The applicable tax rates range from 28% to 35%, depending on the total amount of profit earned by the trader. It is important for Forex traders in Portugal to adhere to tax regulations and fulfill their tax obligations to avoid any legal issues and penalties.
IG Markets vs other regulated brokers in Portugal
To provide a clear understanding of available options for traders in Portugal, Traders Union compared IG Markets trading conditions with those of other regulated brokers accepting clients in the region.
| IG Markets | Fusion Markets | XM | ||
|---|---|---|---|---|
| Regulation | FCA, BaFin, ASIC, MAS, CySec, FINMA, BMA, CFTC, NFA | ASIC, VFSC, FSA | CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius), SCA (United Arab Emirates), CMA (Kenya) | |
| Minimum deposit | $1 | $1 | $5 | |
| Currency pairs | 80 | 90 | 57 | |
| Floating spread EUR/USD, min pips | 0.6 | 0.1 | 0.7 | |
| Floating spread EUR/USD, max pips | 1.2 | 0.4 | 1.2 | |
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Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.
Dan Blystone began his trading career in 1998 as an arbitrage clerk on the floor of the Chicago Mercantile Exchange (CME). He later traded bond and Eurex futures at proprietary firms such as Altea Trading, gaining valuable experience in high-frequency trading and risk management.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.