The Madeira Islands Open was founded in 1993. Given Portugal’s favorable weather, since its inception it generally has been the first European Tour event actually played in Europe. The Madeira Islands Open is, however, a bit of a sideshow, with one of the smallest prize funds on tour (€600,000 in 2013) Beginning in 2011, it is dual-ranked with the Challenge Tour. It was played opposite the Volvo World Match Play Championship in 2011 and 2013.
It is one of two European Tour events currently staged in Portugal each year, the other being the Portugal Masters. It is hosted at Clube de Golf do Santo da Serra.
A complete list of winners follows:
| Year | Winner | Country |
| Madeira Islands Open – Portugal – BPI | ||
| 2015 | ||
| 2014 | Daniel Brooks | England |
| 2013 | Peter Uihlein | United States |
| Madeira Islands Open – Portugal | ||
| 2012 | Ricardo Santos | Portugal |
| Madeira Islands Open | ||
| 2011 | Michael Hoey | Northern Ireland |
| Madeira Islands Open BPI – Portugal | ||
| 2010 | James Morrison | England[1] |
| 2009 | Estanislao Goya | Argentina |
| 2008 | Alastair Forsyth | Scotland |
| Madeira Islands Open BPI | ||
| 2007 | Daniel Vancsik | Argentina |
| Madeira Island Open Caixa Geral de Depositos | ||
| 2006 | Jean van de Velde | France |
| 2005 | Robert-Jan Derksen | Netherlands |
| Madeira Island Open | ||
| 2004 | Chris Hanell | Sweden |
| 2003 | Bradley Dredge | Wales |
| 2002 | Diego Borrego | Spain |
| 2001 | Des Smyth | Ireland |
| 2000 | Niclas Fasth | Sweden |
| 1999 | Pedro Linhart | Spain |
| 1998 | Mats Lanner (2) | Sweden |
| 1997 | Peter Mitchell | England |
| 1996 | Jarmo Sandelin | Sweden |
| 1995 | Santiago Luna | Spain |
| 1994 | Mats Lanner | Sweden |
| 1993 | Mark James | England |
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