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Warnings


SwissFX Bank Limited (swissfxbank.live, page https://platform.swissfxbank.live) - Jkcforex Group Limited (jkcforex.com, page https://client.jkcforex.com) - Axicapitals (axi-capitals.com, page https://platform.axi-capitals.com) - Cryptoneyx (cryptoneyx.net) - Vantage Global Limited (vantagefx.com, www.vantagemarkets.com, page https://secure.vantagemarkets.com) - N 26 Pty Ltd / Binanfx (www.binanfx.com, page https://account.binanfx.com) - Digitalcurrency Exchange (https://digitalcurrency-exchange.uk/?a=home)

Consob has ordered the black-out of 8 new websites that offer financial products/services illegally.

7 abusive financial intermediation sites and

1 site through which an offer of financial products is made in the absence of a prospectus.

The Authority availed itself of the powers deriving from the "growth decree" (Law no. 58 of 28 June 2019, article 36, paragraph 2-terdecies) regarding the blackout of the sites of abusive financial intermediaries, as well as the power introduced by Law no. 8 of 28 February 2020, article 4, paragraph 3-bis, regarding the blackout of the website through which the abusive offer is made.

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

- SwissFX Bank Limited (website www.swissfxbank.live and its page https://platform.swissfxbank.live);

- Jkcforex Group Limited (website www.jkcforex.com and its page https://client.jkcforex.com);

- Axicapitals (website www.axi-capitals.com and its page https://platform.axi-capitals.com);

- Cryptoneyx (website www.cryptoneyx.net).

- Vantage Global Limited (websites www.vantagefx.com, www.vantagemarkets.com and its page https://secure.vantagemarkets.com);

- N 26 Pty Ltd / Binanfx (website www.binanfx.com and its page https://account.binanfx.com);

- Digitalcurrency Exchange (website https://digitalcurrency-exchange.uk/?a=home).

The number of sites blacked out since July 2019, when Consob got the power to order the black-out of websites of fraudulent financial intermediaries, has thus risen to 833.

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 one's savings: these include, for websites that offer financial services, checking in advance that the operator with whom you are investing is authorised, and, for offers of financial products, that a prospectus has been published.

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

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Consob has also suspended, as a precautionary measure for a period of 90 days, an offer to the public residing in Italy of "Investment Plans" by Digitalcurrency Exchange, including via the website https://digitalcurrency-exchange.uk/?a=home (decision no. 22581 of 8 February 2023).

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

 - SwissFX Bank Limited through the website www.swissfxbank.live and its page https://platform.swissfxbank.live (resolution no. 22586 of 8 February 2023);

- Jkcforex Group Limited through the website www.jkcforex.com and its page https://client.jkcforex.com (resolution no. 22584 of 8 February 2023);

- Axicapitals through the website www.axi-capitals.com and its page https://platform.axicapitals.com (resolution no. 22582 of 8 February 2023);

- Cryptoneyx through the website www.cryptoneyx.net (resolution no. 22583 of 8 February 2023).

- Vantage Global Limited through the website www.vantagefx.com, www.vantagemarkets.com and its page https://secure.vantagemarkets.com (resolution no. 22587 of 8 February 2023);

- N 26 Pty Ltd / Binanfx through the website www.binanfx.com and its page https://account.binanfx.com (resolution no. 22585 of 8 February 2023).

(Published in "Consob Informa" no. 5/2023 - 13 February 2023)