The agency responsible for overseeing forex brokers in Italy is in English known as the Italian Securities and Exchange Commission, or the Commissione Nazionale per le Societa e la Borsa (CONSOB) in Italian. Although there are still some good forex brokers in Italy, the industry is lagging behind compared to many other European countries. This is partly due to strict and sometimes unclear rules from the national regulator.
Despite this, Italy is a large country with a fairly big number of active forex traders. As such, many forex brokers are interested in serving this market by setting up local offices in Italy. As an EU member state, Italy also recognizes forex broker licenses from any other EU country. This means that a forex broker in Italy does not necessarily have to be regulated in Italy to operate there.