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Geneve Capital Invest (https://genevecapinvest.com, pages https://webtrader.genevemarkets.com and https://webtrader.marketsgenevecapital.com) - Investium Group (www.investiumgroups.co, page https://client.investiumgroups.co) - ITradingFX (https://itradingfx.net, pages https://account.itradingfx.net and https://tradingapi.chartstrading.io) - Ustrade24 (https://ustrade24.com, page https://my.ustrade24.com) - AlphaWealtExpertise (www.alphawealtexpertise.com and www.alphawealth-expertise.com, pages https://client.alphawealtexpertise.com and https://client.alphawealth-expertise.com) - NEX TRADE (www.nextradeltd.com) - XPTRADERS (https://xptraders.com, page https://trading.xptraders.com) - FortiCard Limited (https://forti-card.com)

Consob has ordered the black-out of 9 new websites that offer financial services/financial products illegally: 8 illegal financial intermediation websites and 1 website through which an offer of financial products is carried out in the absence of a prospectus.

The Authority availed itself of the powers deriving from the "Decreto crescita" ("Growth Decree" Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), relating to the black-out of the sites of abusive financial intermediaries, as well as of the power introduced by the Law no. 8 of 28 February 2020, Article no. 4, paragraph 3-bis, with reference to the black-out of the website through which the illegal offer is carried out.

Below are the websites Consob has ordered to be blacked out:

  • “Geneve Capital Invest” (website https://genevecapinvest.com and related pages https://webtrader.genevemarkets.com and https://webtrader.marketsgenevecapital.com);
  • Investium Group (website www.investiumgroups.co and related page https://client.investiumgroups.co);
  • “ITradingFX” (website https://itradingfx.net and pages https://account.itradingfx.net and https://tradingapi.chartstrading.io);
  • “Ustrade24” (website https://ustrade24.com and related page https://my.ustrade24.com);
  • “AlphaWealtExpertise” (websites www.alphawealtexpertise.com and www.alphawealth-expertise.com and their respective pages https://client.alphawealtexpertise.com and https://client.alphawealth-expertise.com);
  • “NEX TRADE” (website www.nextradeltd.com);
  • “XPTRADERS” (website https://xptraders.com and related page https://trading.xptraders.com);
  • “FortiCard Limited” (website https://forti-card.com).

The number of websites blacked out since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 1300.

The measures adopted by Consob can be consulted on the website www.consob.it.

The black-out of these websites by Internet service providers operating on Italian territory is ongoing. For technical reasons, it can take several days for the black-out to come into effect.

Consob draws investors' attention to the importance of adopting the greatest diligence in order to make informed investment choices, adopting common sense behaviours, essential to safeguard their savings: these include, for websites that offer financial services, checking in advance that the operator with whom they are investing is authorized, and, for offers of financial products, that a prospectus has been published.

To this end, Consob would remind you that on the website www.consob.it there is a section on the homepage, “Watch for Scams!", providing useful information to warn investors against financially unauthorized initiatives.

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The Commission has also suspended, for a period of 90 days, pursuant to Article 99(1)(b) of Legislative Decree No. 58/1998 (Consolidated Law on Finance - TUF), the offer to the public resident in Italy of investments of a financial nature promoted by “FortiCard Limited” also via the website https://forti-card.com in the absence of the required prospectus (Resolution No. 23531 of 16 April 2025).

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The following subjects were ordered by Consob to cease violating Article 18 of Legislative Decree no. 58 of 24 February 1998, pursuant to article 7-octies, letter b) of the same legislative decree: 

17 April 2025