Afex Mel claims to be regulated through AFEX MARKETS EUROPE LIMITED, stating it is authorized by both the Commissione Nazionale per le Società e la Borsa (CONSOB) and the Central Bank of Ireland (CBI). However, it is highly concerning that CONSOB has officially placed this platform on its warning list. CONSOB explicitly stated that it does not belong to any entity authorized to provide investment services to the Italian public and is likely impersonating a legitimate website by using a similar domain. Given this official discovery, we consider the regulatory information claimed by Afex Mel to be false, designed to mislead investors by stealing the credentials of legitimate platforms. Although the CBI regulatory information may technically exist, we cannot treat this claim as potentially true in the context of this platform's operations. Therefore, Afex Mel appears to be a scam.

On Jun 4, 2026, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning against Afex Mel, believing this company might be providing financial services or products without proper authorization in Italy. https://www.consob.it/web/area-pubblica/-/delibera-n.-24024