CONSOB Alerts Traders Regarding 19 Untrustworthy Brokerages

The Italian regulator Commissione Nazionale per la Societa e la Borsa has issued a warning against nineteen brokerages that have been illegally operating in Italy. Some are simply unauthorized, whereas others are attempting to copy regulated Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term companies.

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The Italian financial watchdog’s recent warning follows the alerts of other regulatory bodies, such as the British Financial Conduct Authority (FCA), the Austrian Financial Market Authority (FMA), the Spanish Comisión Nacional del Mercado de Valores (CNMV), the Hong Kong based Securities and Futures Commission (SFC), and more .

Four of the brands are unregistered clone companies: Axa Im Asia, a clone of regulated Axa Investment Managers UK; Rothschild Asset Management, a clone of Rothschild Management UK Limited; Alpha Consulting, copying the name of the British Alpha Consulting; and lastly 1875 Finance Invest that has copied the brand name of a company based in Luxembourg.

The unauthorized online trading companies mentioned in the CONSOB warning are: OneCoin Ltd., Goldmann & Reiter, Kennedy Kilbride, Alpha Centauri Inc., Yfx Capital, Insurance Link Sp., Jonathan & Carly Holdings, Asia Century Investment Limited, Excon Fuji Securities, Win the World Futures Co Ltd/Futures Win the world, West Pacific Dealers, Regal Asset Investment/Regal Asset Investment Llc, Intermediate Capital Group – Millennium Capital Management Ltd, E-Crypto Trade & Finance Group, Inc., and Zar Solutions Limited.

A week ago, CONSOB issued a warning against B4 Markets, a Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs brokerage, that had been operating unauthorized in Italy.