Regulator profile · AR
CNV — Comisión Nacional de Valores
Tracked byBrokerlist Editorial · Independent review teamUpdated
The Comisión Nacional de Valores (CNV) is Argentina's capital-markets regulator. CNV supervises capital markets and licensed Agentes de Liquidación y Compensación (ALYC) brokerages providing access to BYMA (Bolsas y Mercados Argentinos) and Rofex (Mercado a Término de Rosario, futures). BCRA (Banco Central de la República Argentina) handles banking and foreign-exchange supervision separately.
Brokers in Argentina accepting residents under CNV- Jurisdiction
- Argentine Republic.
- Founded
- 1968
- Mandate
- Established under Law No. 17,811 of 1968. CNV enforces the Capital Markets Law (Ley de Mercado de Capitales 26,831, revised 2018 by Law 27,440) and supervises ALYCs across full-service (ALYC Integral), settlement (ALYC Propio), and proprietary trading categories.
- Consumer protection
- BYMA settlement guarantees through its clearing infrastructure cover trade-related defaults. Bank deposits are insured by SEDESA (Seguro de Depósitos S.A.) up to ARS 6 million per depositor. No specific retail FX compensation scheme — retail OTC FX with offshore brokers operates outside CNV's licensing perimeter.
- Retail leverage caps
- CNV does not impose specific retail FX leverage caps — retail OTC FX with foreign counterparties is not licensed by CNV. ALYC margin trading on BYMA-listed securities follows risk-based capital rules; high-volume traders use MEP (Bolsa) and CCL (Contado con Liquidación) routes for offshore-USD settlement.
- Public register
- CNV publishes lists of authorised ALYCs by category (Integral, Propio, Operador), asset managers (Sociedades Gerentes de Fondos Comunes de Inversión), and other capital-markets intermediaries. Cross-reference BYMA member directory and BCRA authorised banks. Open register ↗
- Dispute resolution
- CNV handles disputes with authorised entities through its Tribunal Administrativo. Ultimate recourse is the Argentine commercial courts under federal jurisdiction. CNV can issue administrative sanctions including licence suspension and fines.
- Editor notes
- Major Argentine ALYCs include IOL invertironline, Bull Market Brokers, Cohen, BAVSA, and Balanz Capital. Argentine retail traders accessing offshore brokers (Exness, AvaTrade) typically convert ARS to USDT via local crypto exchanges (Lemon, Buenbit, Belo) due to BCRA foreign-exchange controls — this is a well-established workaround given the Argentine peso's structural devaluation.
Brokers we track with a CNV licence
No brokersNo tracked broker currently holds a CNV licence in our database.