Asset Publisher

Warnings


Forex Elite Academy Limited - Trade and Merchant Trust Limited (https://eliteforex.co, page https://my.eliteforex.co) - Nexus500 (www.nexus500.net) - Aventus Consultancy Ltd (https://avenconsultancy.com) - Venture Capital Funds Limited (www.venture-funds.ltd) - Niufo (www.niufo.co) - AlphaCapital (https://alpha-capital.finance, page https://cfd.alpha-capital.finance) - Cryptoin24 (https://cryptoin24.io, https://cryptoin24.com and pages https://clients.cryptoin24.com e https://trading.cryptoin24.com)

Consob has ordered the blackout of 8 new websites that offer financial services/financial products illegally or through which services are unlawfully provided for crypto-assets: 3 illegal financial intermediation websites, 1 website through which an offer of financial products is carried out in the absence of a prospectus and 4 websites through which illegal services for crypto assets are provided.

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 the powers introduced by MiCAR (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the blocking of websites through which crypto-asset services are provided to Italian savers without the required authorizations.

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

  • "Forex Elite Academy Limited - Trade and Merchant Trust Limited" (website https://eliteforex.co and related page https://my.eliteforex.co);
  • "Nexus500" (website www.nexus500.net);
  • "Aventus Consultancy Ltd" (website https://avenconsultancy.com);
  • "Venture Capital Funds Limited" (website www.venture-funds.ltd);
  • "Niufo" (website www.niufo.co);
  • "AlphaCapital" (websites https://alpha-capital.finance and related page https://cfd.alpha-capital.finance);
  • "Cryptoin24" (websites https://cryptoin24.io, https://cryptoin24.com and related pages https://clients.cryptoin24.com and https://trading.cryptoin24.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 1490.

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 blackout 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 behaviors, 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 and crypto assets, whether the prospectus or white paper 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 abusive initiatives.

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Consob has also suspended for a period of 90 days, pursuant to Article 99, paragraph 1, letter b) of the Consolidated Law on Finance, the offer to the public residing in Italy concerning the ‘Plans’ named ‘Novice’, ‘Amatoriale’, ‘Promo’, ‘Premium’ and ‘Ultimo’ promoted by Venture Capital Funds Limited, including through the website www.venture-funds.ltd, in violation of Article 94-bis of the (Resolution No. 23758 of 20 November 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:

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The following subjects were ordered by Consob to cease violating Article 59 of MiCAR, pursuant to Article 94(1)(h) of Regulation (EU) 2023/1114 (“MiCAR”) and Article 4(1) of Legislative Decree No. 129/2024:

21 November 2025