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Softech Trades (softechtrades.com, page https://client.softechtrades.com) - Fxlivestrade (fxlivestrade.com) - Baer-group (shttps://baer-group.com, page https://webtrader.baer-group.cc) - Ikon Cfd (ikoncfd-24.com, pages https://my.ikoncfd-24.com and https://webtrader.ikoncfd-24.com) 

Consob has ordered the black-out of 4 new websites that offer financial services illegally.

The commission availed itself of the new 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 service providers to block access from Italy to websites offering financial services without the proper authorization.

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

- Softech Trades (www.softechtrades.com website and its https://client.softechtrades.com page);

- Fxlivestrade (www.fxlivestrade.com website);

- Baer-group (website https://baer-group.com and page https://webtrader.baer-group.cc);

- Ikon Cfd (website www.ikoncfd-24.com and its pages https://my.ikoncfd-24.com and https://webtrader.ikoncfd-24.com);

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 911.

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.

***

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:

- Softech Trades though the website www.softechtrades.com and its page https://client.softechtrades.com (Resolution no. 22741 of 14 June 2023);

- Fxlivestrade through the website www.fxlivestrade.com (Resolution No. 22740 of 14 June 2023);

- Baer-group through the website https://baer-group.com and page https://webtrader.baer-group.cc (Resolution No. 22739 of 14 June 2023);

- Ikon Cfd through the website www.ikoncfd-24.com and pages https://my.ikoncfd-24.com and https://webtrader.ikoncfd-24.com (Resolution No. 22742 of 14 March 2023);

(Published in Consob Informa" no. 22/2023 - 19 June 2023)