Italy’s Consob Orders Blackout of Ten Unlicensed Trading Websites
The Italian financial watchdog Consob has ordered the blocking of ten websites providing unauthorized financial services and crypto-asset offerings, reinforcing its ongoing crackdown on illegal online trading and investment platforms. Investors are urged to exercise heightened vigilance, as these websites were found operating without proper authorization under Italian law, with some using fake references to public figures to appear legitimate.
These measures are issued under the powers granted by the Growth Decree, the Capital Law, and MiCAR, which allow Consob to instruct internet providers and app platforms to block access to websites and applications offering financial or crypto-asset services illegally. Since gaining these authorities in July 2019, Consob has blacked out 1,517 fraudulent sites.
This action underscores a growing trend: unauthorized online trading and crypto platforms continue to proliferate, exploiting investors’ trust in digital finance. Brokerages and individuals alike should remain alert to signs of illicit operations, including unrealistic returns, lack of transparency, the use of fake public figures, cloned websites, or AI-generated content. Swift regulatory interventions like Consob’s are essential to maintain market integrity and protect savings.
The sites blocked by Consob are:
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Platform |
Website and Related Page |
Website Page |
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FXInvest |
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ICCTRADES |
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FortivestTrade |
/ |
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Vorenixio |
/ |
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Eurotradecfd |
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Morgan Capital Ltd huriyettdaily.news |
/ |
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Druvaxio |
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Lucrumiagroup |
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BrokersView reminds you
Consob urges investors to exercise maximum caution when choosing investment platforms and to verify that any provider is duly authorized.
If you suspect a website is fraudulent or have fallen victim to a financial scam, you can Submit a Complaint to BrokersView.
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