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Novatrades Ltd ( - Game Capital ADS Limited ( - "WORLDFXM.COM" ( - "GoldFxTrading" (GFT) ( - "Alphacapital >" (https://< alphacapital >.fm) - Swiss Capital Ltd (

Consob has ordered the black-out of 6 new websites that offer financial services illegally.

The commission availed itself of the powers resulting from the 'Decreto Crescita' ('Growth Decree'; Law no. 58 of 28 June 2019, article 36, paragraph 2-terdecies), on the basis of which Consob can order internet access providers to block access from Italy to websites offering financial services without the proper authorisation.

The companies and websites are listed below:

  • Novatrades Ltd (website;
  • Game Capital ADS Limited (website;
  • "WORLDFXM.COM"(website;
  • "GoldFxTrading" (GFT)(website;
  • "< Alphacapital >"(website https://< alphacapital >.fm);
  • Swiss Capital Ltd (website

The number of sites blacked out since July last, when Consob got the power to order blackouts, has thus risen to 174.

The measures with which the aforementioned companies were ordered to terminate the abusive activity (adopted prior to the date the aforementioned "growth decree" came into force) can be viewed on the website

The black-out of these websites by internet service providers operating on the Italian market 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, first and foremost, checking in advance that the operator with whom they are investing is authorised. To this end, Consob would remind you that there is a section on the homepage of its website entitled "Be aware of fraud!", with useful information to warn investors against abusive operators.

 (Published in "Consob Informa" no. 10/2020 - 16 March 2020)