Forex brokers in Italy are regulated by the Italian Securities and Exchange Commission, known locally as the Commissione Nazionale per le Societa e la Borsa (CONSOB). Since Italy is an EU country, this agency is in turn overseen by the EU-wide regulator ESMA. This means that Italian forex brokers are subject to EU regulations in all respects, including severe restrictions on the amount of trading leverage that can be offered to clients designated as “non-professional” traders.
Many Italian retail-focused forex brokers offer the MetaTrader 4 (MT4) platform as one of the platforms their clients can choose to use. This platform is already widely known in the forex trading community, which makes it easy for traders to transition from one broker to another. It also offers advanced features that are not normally found in other trading platforms, such as accurate backtesting of trading strategies.