The Directive on Markets in Financial Instruments (MiFID) was adopted by the European Parliament and Council and came into effect on November 1, 2007. It regulates the markets of financial instruments for provision of investment services and activities within the European Economic Area (EEA). The EEA includes the 28 EU member states as well as Iceland, Liechtenstein and Norway.
The main objective of the MiFID is to harmonize the governing of financial markets within the EEA, and therefore to increase efficiency, enhance financial transparency, increase competition, and offer greater consumer protection in investment services. Under MiFID, an investment firm may freely provide its services within the territory of another member state or a third country, provided that such services are covered by the investment firm’s authorization. An authorized company fully complies with Europe-wide requirements of transparency and good conduct, and therefore is allowed to provide cross-border services.
DIF Broker Sociedade Financeira de Corretagem SA is licensed by the Portuguese Financial Supervision Authority for main investment and brokerage activities in the European Union.
DIF Broker Sociedade Financeira de Corretagem SA is entitled to perform investment and brokerage activities in financial markets, including foreign exchange, stocks, futures and CFDs, and authorized to provide cross border brokerage services in the 28 member countries of the European Union as well as Iceland, Liechtenstein and Norway.
In addition, DIF Broker Sociedade Financeira de Corretagem SA is also a member of Investor Compensation Fund, which objective is to secure any claims of covered clients against members of the Fund. Information can be seen here.