The Italian financial authority, CONSOB warned against a bunch of unregulated forex brokers, including BitFxMarkets and 24proinvestors.
The regulator also ordered internet providers to block access from Italy to the websites of these entities offering financial services without the proper authorization.
Both forex brokers mentioned above are most likely involved in investment scam. BitFXmarkets may offer trading in wide range of financial instruments on the Sirix platform, but its website features no company name, no address, so traders have no idea who will be dealing with their money.
And 24proinvestors is a brand of the notorious offshore company Game Capital Ads Limited. Most of its brokerage brands are already present in the warning lists of one or several European financial regulators – Exilon Markets, Btcglobefx, CapitalBTCfx, CryptoClubFX FirstFXClub, gameBTCFX, 247smartfx, ProCapitalFX, and more. We are compiling a review which includes detailed reviews on most of those fraudulent websites, which are obviously involved in a seral scam scheme,
Here is the full list of brokers who have been blacklisted by the Italian financial regulator on the 11th of May:
-BitFxMarkets;
-24proinvestors – a brand of Game Capital Ads;
-StsRoyal, owned byStsRoyal by Ltd and Capital Letter Gmbh ;
-Cnbsfin – trading name of CNbsfin Ltd.;
-DAXCFD, allegedly operated by One Thousand One Ltd .
The Italian financial regulator regularly issues warnings against unregulated brokers targeting local investors. Previous month it blacklisted Tradefxzone and FXtrading Corp, among many others. The regulator also maintains a register with investment companies that are authorized to provide financial services in Italy. In order to operate legally in the country, forex brokers need a license by the CONSOB itself or the relevant authorities of another EU Member State.
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