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Latest Warnings

  • 21 Nov 2025
    Warning Consob on

    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.

    * * *

    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).

    * * *

    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:

    * * *

    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

  • 21 Nov 2025
    Warning on

    Companies and websites that are offering investment, financial, banking and insurance services without the required authorizations, reported by foreign regulators

    Please click  to redirect to the IOSCO Investor Alerts Portal: IOSCO update of 21 November 2025

  • 13 Nov 2025
    Warning Consob on

    "EFT24" (website https://eft24.co and related pages https://my.eft24.co and https://tradingapi.chartingio.tech) - "Nova Trade Core" (website www.novatradecore.com and related page https://platform.novatradecore.com) - "Argusstockbrokers.com" (website https://argusstockbrokers.com and related page https://client.argusstockbrokers.com) - "Gf-limited" (website https://gf-limited.com and related page https://user.gf-limited.com)

    Consob has ordered the blackout of 4 new websites promoting or providing financial services illegally.

    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), 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 websites Consob has ordered to be blacked out:

    - "EFT24" (website https://eft24.co and related pages https://my.eft24.co and https://tradingapi.chartingio.tech);

    - "Nova Trade Core" (website www.novatradecore.com and related page https://platform.novatradecore.com);

    - "Argusstockbrokers.com" (website https://argusstockbrokers.com and related page https://client.argusstockbrokers.com);

    - "Gf-limited" (website https://gf-limited.com and related page https://user.gf-limited.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 1482.

    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 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 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 unauthorized initiatives.

    * * *

    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:

    "EFT24" website https://eft24.co and related pages https://my.eft24.co and https://tradingapi.chartingio.tech (resolution no. 23750 of November 12, 2025);

    - "Nova Trade Core" website www.novatradecore.com and related page https://platform.novatradecore.com (resolution no. 23751 of November 12, 2025);

    - "Argusstockbrokers.com" website https://argusstockbrokers.com and related page https://client.argusstockbrokers.com (resolution no. 23752 of November 13, 2025);

    - "Gf-limited" website https://gf-limited.com and related page https://user.gf-limited.com (resolution no. 23749 of November 12, 2025);

    13 November 2025

  • 06 Nov 2025
    Warning Consob on

    “D2XMarkets” (website https://d2xmarkets.com and related pages https://clientzone.d2xmarkets.com and  https://wt.d2xmarkets.com) - “Easy MarketsEU Limited” (website https://easymarketscfd.org and related pages https://panel.mxd23.com, https://trading.mxd23.com) - VT Markets Limited (website www.vtmarkets-it.net and related page https://myaccount.vtmarkets-it.net) - FPM Trading (website https://fpmtrading.com and related page https://portal.fpmtrading.com) - “ITALGO.AI” (website https://italgo.ai and related page https://app.italgo.ai) - “Comgestfx” (website https://comgestfx.com.com and related page https://my.plat4mxm.com) - “Progestrade” (website https://progestrade.com and related page https://client.progestrade.com) - “Renaitech AI” (website https://premiumrenaitech-ai.vip and related page https://app.premiumrenaitech-ai.vip)

    New intervention by Consob to black-out “clone sites” spreading counterfeit videos, apparently referring to Prime Minister Giorgia Meloni and Minister of Economy Giancarlo Giorgetti.

    The blocking (resolutions no. 23738 and no. 23739 of 5 November 2025) referred to the website https://avenixio-invest.com (in addition to the websites https://avenixio.com, https://avenixio.org, https://avenixio.it, https://avenixio.vip), which ‘cloned’ the image of Prime Minister Meloni, and the website https://tegsub.com, which replicated that of Minister Giorgetti to promote the ‘Avenixio’ online trading platforms.

    In particular, by means of a modus operandi already disclosed in recent months (with the relevant measures adopted in May and October 2025), the ‘clone’ of the Minister publicized investment services provided through abusive trading platforms through fake interviews apparently given to leading television programs.

    Consob's intervention - to protect investors and institutional figures who were unduly involved, despite being completely unrelated to the matter - was carried out by exercising the powers deriving from the “Growth Decree” (converted by Law No. 58 of 28 June, 2019) and the “Capital Law” (No. 21 of 5 March, 2024).

    At the same time, Consob also blacked-out 8 other websites for illegal financial intermediation activities.

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

    • “D2XMarkets” (website https://d2xmarkets.com and related pages https://clientzone.d2xmarkets.com and https://wt.d2xmarkets.com);
    • “Easy MarketsEU Limited” (website https://easymarketscfd.org and related pages https://panel.mxd23.com, https://trading.mxd23.com);
    • VT Markets Limited (website www.vtmarkets-it.net and related page https://myaccount.vtmarkets-it.net);
    • FPM Trading (website https://fpmtrading.com and related page https://portal.fpmtrading.com);
    • “ITALGO.AI” (website https://italgo.ai and related page https://app.italgo.ai);
    • “Comgestfx” (website https://comgestfx.com.com and related page https://my.plat4mxm.com);
    • “Progestrade” (website https://progestrade.com and related page https://client.progestrade.com);
    • “Renaitech AI” (website https://premiumrenaitech-ai.vip and related page https://app.premiumrenaitech-ai.vip).

    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 1478.

    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 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 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 unauthorized initiatives.

     

    * * *

     

    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:

    6 November 2025

  • 30 Oct 2025
    Warning Consob on

    Ghost Global Limited (https://ghostgloballtd.com and page https://cab.ghostglbltd.com) - "Di-Fi Global" and "Connect Global" (https://di-figlobal.info and page https://webtrader.di-figlobal.info) - MT4 Market Consulting (https://mt4markets.com and page https://client.mt4markets.com) - "TradeIn24" (https://tradein24.com and page https://clients.tradein24.com and https://trading.tradein24.com) - "Quintus Trade" (www.quintustrade.com and pages https://client.quintustrade.com and https://trade.quintustrade.com)

    Consob has ordered the blackout of 5 new websites promoting or providing financial services illegally.

    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), 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 websites Consob has ordered to be blacked out:

    • Ghost Global Limited (website https://ghostgloballtd.com and related page https://cab.ghostglbltd.com);
    • “Di-Fi Global” e “Connect Global” (website https://di-figlobal.info and related page https://webtrader.di-figlobal.info);
    • MT4 Market Consulting (website https://mt4markets.com and related page https://client.mt4markets.com);
    • “TradeIn24” (website https://tradein24.com and related pages https://clients.tradein24.com and https://trading.tradein24.com);
    • “Quintus Trade” (website www.quintustrade.com and related pages https://client.quintustrade.com and https://trade.quintustrade.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 1465.

    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 unauthorized initiatives.

    * * *

    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:

    30 October  2025

  • 28 Oct 2025
    Warning Consob on

    Warning

    Beware of pump&dump schemes via social media and messaging apps

    The Commissione Nazionale per le Società e la Borsa (“CONSOB”, Italian Securities and Exchange Commission) warns investors about the risks associated with the increasingly widespread phenomenon of investment proposals circulating on social networks such as Instagram and Facebook and on messaging apps such as WhatsApp. These proposals, often presented by fake analysts, financial experts or self-styled advisors, can conceal scams, with a real risk for investors of losing their money.

    A particularly insidious scheme is known as pump&dump. Here's how it works: scammers promote the purchase of shares often having low cost (known as penny stocks), usually listed on the U.S. market (Nasdaq), promising quick and significant gains. To make their proposals seem credible, they often use the brands and names of authorized investment firms or other financial sector operators, sometimes even impersonating prominent figures from Consob.

    Once users – convinced of the possibility of making large profits in a short time – start buying the shares, the scammers ask them to send screenshots (photos of the screen of the smartphone or other electronic devices used to make the transaction) as proof of the executed transaction. This allows them to coordinate buy orders, artificially inflating the stock price (pump). When the value reaches a high level, the promoters sell off their shares in bulk, thereby making a large profit; at the same time, they cause a sudden price crash (dump), leaving other investors with significant losses.

    Pump&dump schemes, the Commission points out, may also occur in relation to the trading of crypto-assets on dedicated trading platforms.  

    • How to recognize malicious initiatives? What are the warning signals?

    Consob urges caution regarding the following suspicious behaviours:

    • unsolicited messages or social media communications containing investment advice, often accompanied by invitations to join WhatsApp or Telegram groups
    • promises of significant gains on little-known or recently listed securities
    • pressure to invest immediately, citing alleged imminent market developments
    • requests for personal data or screenshots, sometimes with false promises of refunds in the event of losses
    • What can you do to protect yourself?

    It is essential to act with caution and common sense. Before investing, always check:

    • the reliability of the person proposing the investment
    • the truthfulness of the information received
    • whether there are any warnings on the Consob website, in the “Watch out for scams!” section, where you can also find useful tools to identify fraudulent initiatives.

    Consob also draws attention to the fact that spreading messages or communications on social networks containing false or misleading information, such as to induce investors to engage in conduct that could constitute market abuse, is punishable under the relevant regulations in force in the competent jurisdictions and may constitute fraud, with possible criminal consequences.

    28 October 2025

    infografica
  • 16 Oct 2025
    Warning Consob on

    InvestiumGroups (website https://investiumgroupsltd.com and pages https://client.investiumgroupsltd.com) - Protradealliance (website https://protradealliance.com) - Aureo Flowdex (website https://aureo-flowdex.com) - Servelius (website https://servelius.com and page https://webtrader.glarings-armorier.com) - BrokerageAI" – "it-more.culinaryjoy.sbs (website https://brokerageai.org, related pages https://client.brokerageai.org and https://webtrader.brokerageai.org, and promotional website https://it-more.culinaryjoy.sbs) - ZZCoin (website https://zzcoingy.com) - Ofuyc (websites www.ofuyc.com, www.ofuyc-32516it.com, www.ofuyc-55337it.com, www.ofuyc-23166it.com, www.ofuyc-33111it.com, and www.ofuyc-83255it.com) - Veltrixmax-invest.com" – Ayquozeber.com (website https://veltrixmax-invest.com and promotional website https://ayquozeber.com) - Orolonix-invest.com – Cyberirfy.icu (website https://orolonix-invest.com and promotional website https://cyberirfy.icu)

    They "cloned" the faces and voices of well-known politicians to illegally offer services for crypto-assets and investments. Consob ordered the black out of three websites that used scam ads to promote the initiatives of entities not authorized to provide investment and crypto-asset services, leveraging the notoriety of leading figures in the Italian institutional world, such as Prime Minister Giorgia Meloni, Deputy Prime Minister Matteo Salvini, and Elly Schlein and Carlo Calenda, who were completely unconnected with the matter.

    Specifically, following the measures already implemented, the Authority prohibited promotional activities on the websites https://it-more.culinaryjoy.sbs, https://ayquozeber.com, and https://cyberirfy.icu, which promoted online platforms through which crypto-asset or investment services were provided illegally.

    The Commission also ordered the black out of a further 14 websites that were illegally offering the same services. Specifically, the blocked sites are as follows:

    • "InvestiumGroups" (website https://investiumgroupsltd.com and pages https://client.investiumgroupsltd.com);
    • "Protradealliance" (website https://protradealliance.com);
    • "Aureo Flowdex" (website https://aureo-flowdex.com);
    • "Servelius" (website https://servelius.com and page https://webtrader.glarings-armorier.com);
    • "BrokerageAI" – "it-more.culinaryjoy.sbs" (website https://brokerageai.org, related pages https://client.brokerageai.org and https://webtrader.brokerageai.org, and promotional website https://it-more.culinaryjoy.sbs);
    • "ZZCoin" (website https://zzcoingy.com);
    • "Ofuyc" (websites www.ofuyc.com, www.ofuyc-32516it.com, www.ofuyc-55337it.com, www.ofuyc-23166it.com, www.ofuyc-33111it.com, and www.ofuyc-83255it.com);
    • "Veltrixmax-invest.com" – "Ayquozeber.com" (website https://veltrixmax-invest.com and promotional website https://ayquozeber.com);
    • "Orolonix-invest.com" – "Cyberirfy.icu" (website https://orolonix-invest.com and promotional website https://cyberirfy.icu).

    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 1443.

    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.

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

    Internet connectivity providers operating in Italy are currently working to block access to the websites. For technical reasons, it may take a few days for the block to take effect.

    Consob draws investors' attention to the importance of exercising the utmost diligence in order to make fully informed investment choices, adopting common sense behaviours that are essential for safeguarding their savings: among these, for websites offering investment and crypto-asset services, prior verification that the operator through which you are investing is authorized and, for offers of financial products and crypto-assets, that the prospectus or white paper has been published.

    To this end, Consob reminds investors that the homepage of the website www.consob.it features a section entitled "Watch for Scams!" which provides useful information to warn investors against abusive financial initiatives.

    * * *

    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:

    * * *

    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:

    • "ZZCoin" website https://zzcoingy.com (resolution no. 23704 of October 15, 2025);
    • "Ofuyc" websites www.ofuyc.com, www.ofuyc-32516it.com, www.ofuyc-55337it.com, www.ofuyc-23166it.com, www.ofuyc-33111it.com and www.ofuyc-83255it.com (resolution no. 23701 of October 15, 2025);
    • "Veltrixmax-invest.com" – "Ayquozeber.com" website https://veltrixmax-invest.com and promotional website https://ayquozeber.com (resolutions nn. 23710 and 23705 of October 15, 2025);
    • "Orolonix-invest.com" – "Cyberirfy.icu" website https://orolonix-invest.com and promotional website https://cyberirfy.icu (resolutions nn. 23702 and 23706 of October 15, 2025);

    16 October 2025

  • 10 Oct 2025
    Warning Consob on

    Stockwisse (website https://stockwiseprofit.com and pages https://clientzone.stockwiseprofit.com and https://webtrader.stockwiseprofit.com) - Hyper Trades (website https://hyper-trades.pro and related page https://trade.hyper-trades.pro) - Arti4Trades (websites https://arti4trades.com and https://arti4trades.net and page https://client.arti4trades.com) - Lirunefx (website https://lirunefx.com and page https://client.lirunefx.com) - NETWORK CAPITAL LTD (website https://network-capital-partners.com and page https://web.networkcapital-partnersltd.com) - Lucrumiagroup.co (website https://lucrumiagroup.co) - Dobibo (website https://dbbddrb.com) - Jzmor (websites www.jzmor.com, www.jzmor-it57659.com, www.jzmor-it33583.com, www.jzmor-it99518.com and www.jzmor-it52337.com)

    Consob has ordered the blackout of 13 new websites that offer financial services/financial products illegally or through which illegal services are provided. In particular, Consob ordered the black out of 5 illegal financial intermediation websites and 8 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:

    • “Stockwisse” (website https://stockwiseprofit.com and pages https://clientzone.stockwiseprofit.com and https://webtrader.stockwiseprofit.com);
    • “Hyper Trades” (website https://hyper-trades.pro and related page https://trade.hyper-trades.pro);
    • “Arti4Trades” (websites https://arti4trades.com and https://arti4trades.net and page https://client.arti4trades.com);
    • “Lirunefx” (website https://lirunefx.com and page https://client.lirunefx.com);
    • “Network Capital Ltd” (website https://network-capital-partners.com and page https://web.networkcapital-partnersltd.com);
    • “Lucrumiagroup.co” (website https://lucrumiagroup.co);
    • “Dobibo” (website https://dbbddrb.com);
    • “Jzmor” (websites www.jzmor.com, www.jzmor-it57659.com, www.jzmor-it33583.com, www.jzmor-it99518.com and www.jzmor-it52337.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 1426.

    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.

    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.

    * * *

    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:

    * * *

    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:

    10 October 2025

  • 02 Oct 2025
    Warning Consob on

    VT Markets Limited (www.vtmarketsit.com and page https://myaccount.vtmarketsit.com and https://social.vt-academy.net) - Aitrade24 (https://aitrade24.com and page https://webtrader.aitrade24.com) - Telarax (https://telarax.io and page https://webtrader.resembox-grey.com) - TheToroGlobal (https://thetoro-global.com and page https://client.thetoro-global.com) - Eurotradecfd (https://eurotradecfd.com and page https://client.eurotradecfd.com)

    Consob has ordered the black-out of 5 new websites providing financial services illegally.

    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), 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 websites Consob has ordered to be blacked out:

    - VT Markets Limited (website www.vtmarketsit.com and related pages https://myaccount.vtmarketsit.com and https://social.vt-academy.net);

    - "Aitrade24" (website https://aitrade24.com and related page https://webtrader.aitrade24.com);

    - "Telarax" (website https://telarax.io e page https://webtrader.resembox-grey.com);

    - "TheToroGlobal" (website https://thetoro-global.com and related page https://client.thetoro-global.com);

    - "Eurotradecfd" (website https://eurotradecfd.com and related page https://client.eurotradecfd.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 1413.

    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.

    Furthermore, Consob asked Google and Apple to remove, with regard to the Italian market, from their respective distribution platforms the mobile applications linked to "Eurotradecfd," called "Solve Smart" (for Android operating systems) and "4X News" (for iOS operating systems), through which financial services are offered illegally.

    Consob draws investors' attention to the importance of adopting the greatest diligence to make informed investment choices, adopting common sense behaviors, essential to safeguard their savings: these include prior verification, for websites offering financial services and crypto-assets, that the operator through which the investment is made is authorized and, for financial and crypto-asset product offerings, that 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 unauthorized initiatives.

    * * *

    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:

    - VT Markets Limited website www.vtmarketsit.com and related pages https://myaccount.vtmarketsit.com and https://social.vt-academy.net (resolution no. 23688 of 1 October 2025);

    - "Aitrade24" website https://aitrade24.com and related page https://webtrader.aitrade24.com (resolution no.  23685  of 1 October 2025);

    - "Telarax" website https://telarax.io and related page https://webtrader.resembox-grey.com (resolution no. 23686 of 1 October 2025);

    - "TheToroGlobal" website https://thetoro-global.com and related page https://client.thetoro-global.com (resolution no. 23687  of 1 October 2025);

    - "Eurotradecfd" website https://eurotradecfd.com and related page https://client.eurotradecfd.com (resolution no. 23684 of 1 October 2025).

    2 October  2025

  • 25 Sep 2025
    Warning Consob on

    Spreadmarkets (https://spread-markets.com, page https://client.spread-markets.com) - BitVex (https://bit-vex.com) - Financexlimited (https://finance-xlimited.com, page https://client.finance-xlimited.com) - Finco Trades (https://finco-trades.org, page https://web.webfin-trades.org) - Geneve Capital Invest (https://geneveinvesting.com, page https://webtrader.geneveinvestingmarkets.com) - Afex Markets (https://afex-markets.com, page https://web-traderx.com - Spazio Finanziario (www.spaziofinanziario.pro, https://clients.spaziofinanziario.pro - Ynln.com (www.ynln.com) - Bit Vanetta Limited (https://thebitvanettatrade.com)

    Consob has ordered the blackout of 9 new websites that offer financial services/financial products illegally or through which illegal services are provided: 6 illegal financial intermediation websites, 1 website through which an offer of financial products is carried out in the absence of a prospectus and 2 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:

    • "Spreadmarkets" (website https://spread-markets.com and related page https://client.spread-markets.com);
    • "BitVex" (website https://bit-vex.com);
    • "Financexlimited" (website https://finance-xlimited.com and related page https://client.finance-xlimited.com);
    • "Finco Trades" (website https://finco-trades.org and related page https://web.webfin-trades.org);
    • "Geneve Capital Invest" (website https://geneveinvesting.com and related page https://webtrader.geneveinvestingmarkets.com);
    • "Afex Markets" (website https://afex-markets.com and related page https://web-traderx.com);
    • "Spazio Finanziario" (website www.spaziofinanziario.pro and related page https://clients.spaziofinanziario.pro);
    • "Ynln.com" (website www.ynln.com);
    • Bit Vanetta Limited (website https://thebitvanettatrade.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 1048.

    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.

    * * *

    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 offering to the public resident in Italy concerning the "Piani" called "Antipasto", "Argento", "Platino", "Diamante" and "Illimitato" promoted by Bit Vanetta Limited also through the website ttps://thebitvanettatrade.com (resolution no. 23680 of 24 September 2025).

    * * *

    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:

    * * *

    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:

    25 September 2025

  • 18 Sep 2025
    Warning Consob on

    Beware of scams! Watch out for fake websites using the ACF logo! In recent days, portals that replicated the contents of the Financial Disputes Arbitrator

    The Financial Disputes Arbitrator (ACF), the body set up by Consob for the out-of-court settlement of disputes between intermediaries and savers, warns of the risk of possible scams perpetrated by unknown individuals through portals/websites that illegally replicate the ACF logo and content.

    In this regard, please note that the ACF portal is only accessible via this link: https://www.acf.consob.it/.

    Any portals or websites with addresses other than the one indicated above are not in any way related to the ACF or Consob. In recent days, several portals that improperly replicated that of the ACF have been detected and immediately blocked.

    Please note that under no circumstances the ACF ask for credit card or bank account numbers, nor will it request payments of any kind.

    We recommend that you exercise the utmost caution and report any unusual requests to the ACF by emailing info.acf@consob.it or calling 06.8477850.

    18 September 2025

  • 17 Sep 2025
    Warning Consob on

    YTT975 (https://ytt975.it) - YQZ585 (https://yqz585.it) - EWQ778 (https://ewq778.it) - AWE818 (https://awe818.it) - GRT325 (https://grt325.it) - TUT551 (https://tut551.it) - SFS854 (https://sfs854.it) - 12DEF (https://12def.it) - YTH937 (https://yth937.it) - C7VIZ (https://c7viz.it)

    Consob has ordered the black-out of 10 new websites offering illegal services for crypto-assets.

    The Authority used the powers introduced by the MiCAR regulation (Regulation (EU) 2023/1114 and Legislative Decree no. 129 of 5 September 2024) regarding the blackout of the websites through which crypto-asset services are provided to Italian savers without the prescribed authorisations.

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

    • “YTT975” (website https://ytt975.it);
    • “YQZ585” (website https://yqz585.it);
    • “EWQ778” (website https://ewq778.it);
    • “AWE818” (website https://awe818.it);
    • “GRT325” (website https://grt325.it);
    • “TUT551” (website https://tut551.it);
    • “SFS854” (website https://sfs854.it);
    • “12DEF” (website https://12def.it);
    • “YTH937” (website https://yth937.it);
    • “C7VIZ” (website https://c7viz.it).

    The number of sites blacked out since July 2019, when Consob was given the power to order the black-out of websites of fraudulent financial intermediaries, has thus risen to 1399.

    The measures adopted by Consob can be consulted on its website at 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 and crypto-assets, checking in advance that the operator with whom you are investing is authorised, and, for offers of financial products and crypto-assets, that a prospectus or white paper has been published.

    Please note, there is a section on the homepage of the website at www.consob.it, entitled "Watch for Scams!", which provides useful information warning investors about fraudulent financial schemes.

    * * *

    The same 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:

    • YTT975 (https://ytt975.it) - YQZ585 (https://yqz585.it) - EWQ778 (https://ewq778.it) - AWE818 (https://awe818.it) - GRT325 (https://grt325.it) - TUT551 (https://tut551.it) - SFS854 (https://sfs854.it) - 12DEF (https://12def.it) - YTH937 (https://yth937.it) - C7VIZ (https://c7viz.it) (Resolution No. 23671 of 16 September 2025).

    17 September 2025

  • 15 Sep 2025
    Warning Consob on

    Magnomic Yield Ltd (https://magnomicyieldltd.com)

    Pursuant to Article 99, paragraph 1, letter c) of the Consolidated Law on Finance, Consob has prohibited the offering to the public residing in Italy of the “Plans” called “Starter”, “Advanced” and “Professional” promoted by the so-called “Magnomic Yield Ltd” including via the https://magnomicyieldltd.com website in breach of Article 94-bis of the Consolidated Law on Finance (resolution no. 23667 of 10 September 2025).

    15 September 2025

  • 13 Aug 2025
    Warning Consob on

    CySEC Suspension of the Triangleview Investments ltd

    The supervisory authority, Cyprus Securities and Exchange Commission (“CySEC”), announced the suspension of Triangleview Investments ltd's authorization to operate as an investment firm, effective from August 8, 2025. Updated and comprehensive information can be found at the following link: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=b0fd6608-df05-4c00-8120-0e0130929220

  • 31 Jul 2025
    Warning Consob on

    https://yui236.it; https://drst78.it; https://gdy733.it; https://xur652.it; https://yza335.it; https://bhp536.it; https://mju567.it; https://tnt788.it

    Consob has ordered the black-out of 8 new websites offering illegal services for crypto-assets.

    The Authority used the powers introduced by the MiCAR regulation (Regulation (EU) 2023/1114 and Legislative Decree no. 129 of 5 September 2024) regarding the blackout of the websites through which crypto-asset services are provided to Italian savers without the prescribed authorisations.

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

    • "YUI236" (website https://yui236.it);
    • "DRST78" (website https://drst78.it);
    • "GDY733" (website https://gdy733.it);
    • "XUR652" (website https://xur652.it);
    • "YZA335" (website https://yza335.it);
    • "BHP536" (website https://bhp536.it);
    • "MJU567" (website https://mju567.it);
    • "TNT788" (website https://tnt788.it).

    The number of sites blacked out since July 2019, when Consob was given the power to order the black-out of websites of fraudulent financial intermediaries, has thus risen to 1389.

    The measures adopted by Consob can be consulted on its website at 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 and crypto-assets, checking in advance that the operator with whom you are investing is authorised, and, for offers of financial products and crypto-assets, that a prospectus or white paper has been published.

    Please note, there is a section on the homepage of the website at www.consob.it, entitled "Watch for Scams!", which provides useful information warning investors about fraudulent financial schemes.

    * * *

    In addition, Consob has prohibited the offer to the public resident in Italy of the "Investment Plans" called "Piano di avviamento (Start-up Plan)", "Piano Amatoriale (Amateur Plan)", "Piano Professionale (Professional Plan)" and "Piano Definitivo (Final Plan)" carried out by the so-called "GenixLimited" including via the website https://genixlimited.com (resolution no. 23650 of 30 July 2025).

    * * *

    The same 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:

    • https://yui236.it; https://drst78.it; https://gdy733.it; https://xur652.it; https://yza335.it; https://bhp536.it; https://mju567.it; https://tnt788.it (resolution no. 23652 of 30 July 2025).

    31 July 2025

  • 31 Jul 2025
    Warning Consob on

    Risks associated with investment proposals circulated via WhatsApp - Consob asks Google and Apple to remove the CapFirst and CapOne apps from their respective online stores

    Consob warns savers about the risks associated with investment proposals circulated within WhatsApp groups by self-styled financial experts who, even boasting that they hold authorizations and licenses issued by Consob, promote unrealistic earning opportunities linked to alleged financial investments made through specific smartphone applications attributable to abusive operators.

    These proposals, coming from individuals who falsely claim to hold authorizations and licenses issued by Consob, are misleading initiatives aimed at inducing savers to open a trading account and carry out financial transactions through smartphone applications that are not linked to any entity authorized to provide investment services and activities.

    With regard to the operation of the CapFirst smartphone application (for Android operating systems) and CapOne (for iOS operating systems), Consob has ordered, pursuant to Article 7-octies, letter b) of Legislative Decree No. 58 of February 24, 1998, that the violation of Article 18 of the same TUF be terminated (Resolution No. 23651 of July 30, 2025).

    Consob, also referring to its previous Notice of November 18, 2024, once again urges investors to exercise the utmost caution and to make informed investment choices by adopting common sense behaviors that are essential for safeguarding their savings: these include checking in advance that the operator through which they are investing is authorized.

    31 July  2025

  • 29 Jul 2025
    Warning Consob on

    CySEC Suspension of the Cyprus Investment Firm Conotoxia Ltd

    The supervisory authority, Cyprus Securities and Exchange Commission (“CySEC”), announced the suspension of Conotoxia Ltd's authorization to operate as an investment firm, effective from July 23, 2025. Updated and comprehensive information can be found at the following link: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=02075836-cb36-48d0-a13b-44b4e61e5675.

    29 July 2025

  • 17 Jul 2025
    Warning Consob on

    EGeneve Capital Invest (website https://geneveinvestcap.com and page https://webtrader.gencapwebtrader.com) - Finbridge International (website https://finbridgeinternational.com and page https://webtrader.finbridgeinternational.trade) - Atomic Wallet (website https://atomicwallet.io) - Cexrqw.com (website https://cexrqw.com) - Interersos.it (website https://interersos.it)

    Consob has ordered the black-out of 5 new websites through which financial services are abusively offered or services for crypto-activities are abusively provided. In details, Consob ordered the blackout of 2 abusive financial intermediation websites and 3 websites through which crypto currency services are abusively provided.

    The Authority made use of the powers deriving from the "Decreto crescita" ("Growth Decree", converted by Law No. 58 of 28 June 2019) regarding the black-out of websites of abusive financial intermediaries, as well as of the powers introduced by the MiCAR (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the black out of websites through which crypto currency services are provided to Italian savers in the absence of the prescribed authorisations.

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

    • "Geneve Capital Invest" (website https://geneveinvestcap.com and page https://webtrader.gencapwebtrader.com);
    • "Finbridge International" (website https://finbridgeinternational.com and page https://webtrader.finbridgeinternational.trade);
    • "Atomic Wallet" (website https://atomicwallet.io);
    • "Cexrqw.com" (website https://cexrqw.com);
    • "Interersos.it" (website https://interersos.it);

    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 1381.

    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 calls the attention of savers to the importance of using the utmost diligence in order to make investment choices in full awareness, adopting common sense behaviors, which are essential to safeguard one's savings: among them, the prior verification, for sites offering financial services and on crypto-assets, that the operator through which one invests is authorized and, for offers of financial products and crypto-assets, that 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 unauthorized initiatives.

    * * *

    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:

    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:

    17 July 2025

  • 17 Jul 2025
    Warning Consob on

    EGeneve Capital Invest (website https://geneveinvestcap.com and page https://webtrader.gencapwebtrader.com) - Finbridge International (website https://finbridgeinternational.com and page https://webtrader.finbridgeinternational.trade) - Atomic Wallet (website https://atomicwallet.io) - Cexrqw.com (website https://cexrqw.com) - Interersos.it (website https://interersos.it)

    Consob has ordered the black-out of 5 new websites through which financial services are abusively offered or services for crypto-activities are abusively provided. In details, Consob ordered the blackout of 2 abusive financial intermediation websites and 3 websites through which crypto currency services are abusively provided.

    The Authority made use of the powers deriving from the "Decreto crescita" ("Growth Decree", converted by Law No. 58 of 28 June 2019) regarding the black-out of websites of abusive financial intermediaries, as well as of the powers introduced by the MiCAR (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the black out of websites through which crypto currency services are provided to Italian savers in the absence of the prescribed authorisations.

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

    • "Geneve Capital Invest" (website https://geneveinvestcap.com and page https://webtrader.gencapwebtrader.com);
    • "Finbridge International" (website https://finbridgeinternational.com and page https://webtrader.finbridgeinternational.trade);
    • "Atomic Wallet" (website https://atomicwallet.io);
    • "Cexrqw.com" (website https://cexrqw.com);
    • "Interersos.it" (website https://interersos.it);

    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 1381.

    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 calls the attention of savers to the importance of using the utmost diligence in order to make investment choices in full awareness, adopting common sense behaviors, which are essential to safeguard one's savings: among them, the prior verification, for sites offering financial services and on crypto-assets, that the operator through which one invests is authorized and, for offers of financial products and crypto-assets, that 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 unauthorized initiatives.

    * * *

    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:

    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:

    17 July 2025

  • 11 Jul 2025
    Warning Consob on

    09pqws website https://09pqws.it - DSS776 website https://dss776.it  - ERY357 website https://ery357.it  - TNT882 website https://tnt882.it - ZeroTrillionWorld website https://zerotrillionworld.it - ZGV796 website https://zgv796.it  - 78DEF website https://78def.it

    Consob has ordered the black-out of 7 new websites through which services for crypto-activities are abusively provided.

    The Authority made use of the powers introduced by the MiCAR (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the black out of websites through which crypto currency services are provided to Italian savers without the prescribed authorizations.

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

    - "09pqws" (website https://09pqws.it);

    - "DSS776" (website https://dss776.it);

    - "ERY357" (website https://ery357.it);

    - "TNT882" (website https://tnt882.it);

    - "ZeroTrillionWorld" (website https://zerotrillionworld.it);

    - "ZGV796" (website https://zgv796.it);

    - "78DEF" (website https://78def.it).

    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 1376.

    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 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, that a prospectus or the 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 unauthorized initiatives.

    * * *

    Order, pursuant to Article 94, paragraph 1, letter h) of Regulation (EU) 2023/1114 (“MiCAR”) and Article 4, paragraph 1 of Italian Legislative Decree no. 129/2024, to cease the infringement of Article 59 of the MiCAR carried out through the websites: https://09pqws.it; https://dss776.it; https://ery357.it; https://tnt882.it; https://zerotrillionworld.it; https://zgv796.it; https://78def.it (resolution no. 23632 of 10 July 2025).

    11 July 2025

  • 04 Jul 2025
    Warning Consob on

    Indexswiss website www.indexswiss.com and page https://client.indexswiss.com - Fusion4Markets website https://fusion4marketsltd.com and page https://client.fusion4marketsltd.com - MGLuxembourg website https://mgluxembourg.cm and pages https://client.mgluxembourg.cm and https://webtrader.mgluxembourg.cm

    Consob ordered the blackout of 3 new websites abusively offering financial services.

    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), 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 websites Consob has ordered to be blacked out:

    - "Indexswiss" (website www.indexswiss.com and related page https://client.indexswiss.com);

    - "Fusion4Markets" (website https://fusion4marketsltd.com and related page https://client.fusion4marketsltd.com);

    - "MGLuxembourg" (website https://mgluxembourg.cm and pages https://client.mgluxembourg.cm and https://webtrader.mgluxembourg.cm).

    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 1369.

    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, 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.

    * * *

    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:

    - "Indexswiss" website www.indexswiss.com and related page https://client.indexswiss.com (resolution no. 23628 of 2 July 2025);

    - "Fusion4Markets" website https://fusion4marketsltd.com and related page https://client.fusion4marketsltd.com (resolution no. 23627 of 2 July 2025);

    - "MGLuxembourg" website https://mgluxembourg.cm and pages https://client.mgluxembourg.cm and https://webtrader.mgluxembourg.cm (resolution no. 23626 of 2 July 2025);

    4 July 2025

  • 26 Jun 2025
    Warning Consob on

    The Toro Global (https://thetoroglobal.com, pagina https://client.thetoroglobal.com) - Finbridge International (www.finbridgeinter.com, pagina https://webtrader.finbridgeinter.tech) - INCORE-INVFX - IncoreInvestment (https://incore-invfx.com, pagina https://client.incore-invfx.com) - Coingridr.top (https://coingridr.top) - Gigtaskr (https://gigtaskr.top) - Sxr922 (https://sxr922.it)

    Consob has ordered the black-out of 6 new websites through which financial services are abusively offered or services for crypto-activities are abusively provided. In details, Consob ordered the blackout of 3 abusive financial intermediation websites and 3 websites through which crypto currency services are abusively provided.

    The Authority made use of the powers deriving from the "Decreto crescita" ("Growth Decree", converted by Law No. 58 of 28 June 2019) regarding the black-out of websites of abusive financial intermediaries, as well as of the powers introduced by the MiCAR (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the black out of websites through which crypto currency services are provided to Italian savers in the absence of the prescribed authorisations.

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

    • “The Toro Global” (website https://thetoroglobal.com and related page https://client.thetoroglobal.com);
    • “Finbridge International” (website www.finbridgeinter.com and related page https://webtrader.finbridgeinter.tech);
    • “INCORE-INVFX”- “IncoreInvestment” (website https://incore-invfx.com and related page https://client.incore-invfx.com);
    • “Coingridr.top” (website https://coingridr.top);
    • “Gigtaskr” (website https://gigtaskr.top);
    • “Sxr922” (website https://sxr922.it).

    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 1366.

    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 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.

    * * *

    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:

    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:

    26 June 2025

  • 20 Jun 2025
    Warning Consob on

    EXT24 (website https://ext247.co and page https://my.ext247.co) - Rgroupltd (website https://rgroupltd.cm and pages https://client.rgroupltd.cm and https://webtrader.rgroupltd.cm) - Trevorex (website https://trevorrex.com and related page https://app.trevorrex.com) - AHP (website www.ahpcmg.com) - QW Limited (website www.quantumwins.com and related pages https://webtrader.quantumwins.com and https://mobtrader.quantumwins.com - Tradepower (website https://tradepower.pro and pages https://client.trade-power.pro and https://bestrader.io) - Magnomic Yield Ltd (website https://magnomicyieldltd.com)

    Consob has ordered the black-out of 7 new websites through which financial services and products are abusively provided:  6 abusive financial intermediation websites and 1 website through which an offer of financial products is carried out in the absence of a prospectus.

    The Authority made use of the powers deriving from the "Growth Decree" ("Decreto crescita" - Law No. 58 of 28 June 2019, Article No. 36, paragraph 2-terdecies), regarding the blacking out of the websites of abusive financial intermediaries, as well as of the power introduced by Law No. 8 of 28 February 2020, Article No. 4, paragraph 3-bis, regarding the blacking out of the website by means of which the abusive offer is carried out.

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

    • "EXT24" (website https://ext247.co e relativa pagina https://my.ext247.co);
    • "Rgroupltd" (website https://rgroupltd.cm and pages https://client.rgroupltd.cm and https://webtrader.rgroupltd.cm);
    • "Trevorex" (website https://trevorrex.com and related page https://app.trevorrex.com);
    • "AHP" (website www.ahpcmg.com);
    • "QW Limited" (website www.quantumwins.com and related pages https://webtrader.quantumwins.com and https://mobtrader.quantumwins.com);
    • "Tradepower" (website https://tradepower.pro and pages https://client.trade-power.pro and https://bestrader.io);
    • "Magnomic Yield Ltd" (website https://magnomicyieldltd.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 1360.

    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 to make informed investment choices, adopting common sense behaviors, essential to safeguard their savings: these include prior verification, for websites offering financial services and on crypto assets, that the operator through whom one invests is licensed and, for financial product and crypto asset offerings, that 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 unauthorized initiatives.

    * * *

    Consob has also suspended, as a precautionary measure, for a period of 90 days, the offer to the public residing in Italy concerning the “Plans” called “Starter”, “Advanced” and “Professional” carried out by the so-called “Magnomic Yield Ltd” also via the website https://magnomicyieldltd.com (resolution no. 23606 of 19 June 2025).

    * * *

    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:

    20 June 2025

  • 13 Jun 2025
    Warning Consob on

    https://hct685.it - https://sdh878.it - https://skillnexp.top - https://ymg686.it

    Consob has issued a Warning (available only in Italian) to savers about the growing spread of the phenomenon of fake online job offers by which the performance of generic activities (such as, for example, clicking links, subscribing to websites, putting likes on commercial products/services, writing reviews and the like), linked to the performance of transactions on crypto currencies from which an additional opportunity to earn money would arise (the so-called task scam). These proposals, conveyed mainly through social networks, induce users to operate through websites that can be traced back to abusive service providers on crypto currencies and take the form of deceptive initiatives aimed at acquiring the users' own money and personal data.

    Consob, in countering this phenomenon, has also ordered, pursuant to the European discipline on crypto-assets (Mica Regulation) the blacking out of four websites through which services for crypto-assets were provided to Italian savers in the lack of the prescribed authorizations.

    Below are the sites which Consob issued to blackout:

    • https://hct685.it;
    • https://sdh878.it;
    • https://skillnexp.top;
    • https://ymg686.it.

    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 1353.

    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 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.

    * * *

    The same 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:

    13 June 2025

  • 06 Jun 2025
    Warning Consob on

    Warning notice to the potential risks associated with the activity of financial influencers (so-called finfluencers)

    CONSOB (Commissione Nazionale per le Società e la Borsa) draws the attention of savers to the potential risks arising from the activity of online financial influencers (finfluencers), well-known or very popular persons on the web who spread content relating to possible investments and to the rules to which the dissemination of online financial content is subject.

    Savers who access the content shared by finfluencers must avoid making investment decisions hastily, solely on the basis of what others are doing (‘herd effect’) or on the emotional pull of generic and unverified information about the type of investment and the person providing it. It is necessary to be wary of alleged investment opportunities that are presented as highly profitable and risk-free for limited outlays: it must always be remembered, in fact, that financial investments involve the assumption of a certain degree of risk. Particular attention must also be paid to possible conflicts of interest on the part of those who disseminate information with respect to the investments being assessed. Investment decisions must be made in an informed and conscious manner, paying the utmost attention.

    Finfluencers must be aware that their operations may not be fully compliant with market regulations or unauthorized at all, as also recently highlighted by IOSCO. Savers must check the obligations and prohibitions in force, with particular reference to the rules on the correct presentation of information that may constitute investment recommendations, under market abuse rules, and the transparency of any situations of conflict of interest. These rules are very tight with relation to information disseminated by persons introducing themselves as "experts", for the application of which reference is also made to the ESMA communication: "Warning ESMA on Social Media and Investment Recommendations". The dissemination of false or misleading information may also lead to unlawful acts falling within the category of market manipulation provided for by the regulation on market abuse with reference to both financial instruments and crypto-assets.

    The aspects outlined here do not exhaust the profiles worthy of attention in relation to the activities of finfluencers. CONSOB continues its daily supervision of compliance with the applicable regulations, also in the digital environment, to ensure the protection of savers and integrity of the markets.

    6 June 2025

  • 05 Jun 2025
    Warning Consob on

    CaptinCapital (www.captincapital.org) - Mercato del Futuro (https://mercatodelfuturo.com, pages https://clients.mercatodelfuturo.com and https://trading.mercatodelfuturo.com) - Sector-Fusion (www.sector-fusion.com, page https://webtrader.w1e2b3tr4d3r.com) - 3Afund (www.3-afund.com) - Cfw896 (https://cfw896.it) - Lumex (https://stratoslumex.com, https://stratoslumex.net) - Tmxa (internet https://60yg.com) - Uyr968 e Fwq367 (https://uyr968.it e https://fwq367.it) - Syk755 (www.syk755.it) - Pxm266 (https://pxm266.it) - GenixLimited (https://genixlimited.com)

    Consob has ordered the black-out of 13 new websites through which financial services are abusively offered or services for crypto-activities are abusively provided: 4 abusive financial intermediation websites, 1 website through which an offer of financial products is carried out in the absence of a prospectus and 8 sites through which crypto currency services are abusively provided.

    The Authority made use of the powers deriving from the “Growth Decree” (“Decreto crescita” - Law No. 58 of 28 June 2019, Article No. 36, paragraph 2-terdecies), regarding the blacking out of the websites of abusive financial intermediaries, as well as of the power introduced by Law No. 8 of 28 February 2020, Article No. 4, paragraph 3-bis, regarding the blacking out of the website by means of which the abusive offer is carried out and of the powers introduced by the MiCAR regulations (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the blacking out of websites by means of which services for crypto-assets are provided to Italian savers in the absence of the prescribed authorizations.

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

    • “CaptinCapital” (website www.captincapital.org);
    • “Mercato del Futuro” (website https://mercatodelfuturo.com and related pages https://clients.mercatodelfuturo.com and https://trading.mercatodelfuturo.com);
    • “Sector-Fusion” (website www.sector-fusion.com and related page https://webtrader.w1e2b3tr4d3r.com);
    • “3Afund” (website www.3-afund.com);
    • “Cfw896” (website https://cfw896.it);
    • “Lumex” (websites https://stratoslumex.com and https://stratoslumex.net);
    • “Tmxa” (website https://60yg.com);
    • “Uyr968” and “Fwq367” (websites https://uyr968.it and https://fwq367.it);
    • “Syk755” (website www.syk755.it);
    • “Pxm266” (website https://pxm266.it);
    • “GenixLimited” (website https://genixlimited.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 1349.

    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 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, 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.

    * * *

    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:

    * * *

    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:

    5 June 2025

  • 22 May 2025
    Warning Consob on

    Lemintero (https://lemintero.co) - Geneve Capital Invest (https://genevcapinvest.com and page https://webtrader.gencapwebtrade.com) - VT Markets Limited (www.vtmarkets.com and www.vtmarkets.net, pages https://myaccount.vtmarkets.net and https://social.vtacademy.net) - HotMarkets (https://hotmarketscfd.com) - Fusion4Markets (https://fusion4markets.cc and page https://client.fusion4markets.cc) - Trustfxpro (www.trustfxpro.com) - Bvoxed (https://bvoxed.com) - BeratCoin (https://btc6688.com) - Interersos/Interesosf (https://interersosf.org e https://interersos.org) - Peoplelife-Datexit Limited (https://peoplelife-datexit.com)

    Consob has ordered the black-out of 11 new websites through which financial services are abusively offered or services for crypto-activities are abusively provided. In details, Consob ordered the blackout of 7 abusive financial intermediation websites and 4 websites through which crypto currency services are abusively provided.

    The Authority made use of the powers deriving from the "Decreto crescita" ("Growth Decree", converted by Law No. 58 of 28 June 2019) regarding the black-out of websites of abusive financial intermediaries, as well as of the powers introduced by the MiCAR (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the black out of websites through which crypto currency services are provided to Italian savers in the absence of the prescribed authorizations.

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

    • “Lemintero” (website https://lemintero.co);
    • “Geneve Capital Invest” (website https://genevcapinvest.com and related page https://webtrader.gencapwebtrade.com);
    • VT Markets Limited (websites www.vtmarkets.com and www.vtmarkets.net and related pages https://myaccount.vtmarkets.net and https://social.vtacademy.net);
    • “HotMarkets” (website https://hotmarketscfd.com);
    • “Fusion4Markets” (website https://fusion4markets.cc and related page https://client.fusion4markets.cc);
    • “Trustfxpro” (website www.trustfxpro.com);
    • “Bvoxed” (website https://bvoxed.com);
    • “BeratCoin” (website https://btc6688.com);
    • “Interersos/Interesosf” (websites https://interersosf.org and https://interersos.org).

    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 1328.

    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 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, 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.

    * * *

    Consob has also prohibited, pursuant to Article 99, paragraph 1, lett. c) of the Consolidated Law on Finance, the offer to the public resident in Italy concerning the three ‘Standard’ investment plans called Piano di avviamento”, “Piano base” and “Piano Standard” and the three ‘Long-Term’ investment plans called “Primo Ambasciatore”, “Secondo Ambasciatore” e “Ambasciatore Senior (Ambasciatore del petrolio e del gas)” promoted by ‘Peoplelife-Datexit Limited’ also through the website https://peoplelife-datexit.com (resolution No. 23561 of 21 May 2025).

    * * *

    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:

    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:

    22 May 2025

  • 16 May 2025
    Warning Consob on

    Fibonachis website https://fibonachis.com and page https://webtrader.alynto.tech - PrimeXMarkets Ltd website https://primexmarkets.com and page https://client.primexmarkets.com - Blyx Ultra website https://blyxultra.com and https://blyxultraltd.com and page https://cfd.platformt121-3-3.com - State Street Markets Limited website www.streetstate.vip - EXT24 website https://ext24.co and page https://my.ext24.co

    Consob has ordered the blackout of 6 new websites promoting or providing financial services illegally.

    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), 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 websites Consob has ordered to be blacked out:

    - "Fibonachis" (website https://fibonachis.com and related page https://webtrader.alynto.tech);

    - "PrimeXMarkets Ltd" (website https://primexmarkets.com and related page https://client.primexmarkets.com);

    - "Blyx Ultra" (websites https://blyxultra.com and https://blyxultraltd.com and related page https://cfd.platformt121-3-3.com);

    - State Street Markets Limited (website www.streetstate.vip);

    - "EXT24" (website https://ext24.co and related page https://my.ext24.co).

    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 1317.

    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 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, 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.

    * * *

    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: 

     

     - "Fibonachis" tramite il sito internet https://fibonachis.com e relativa pagina https://webtrader.alynto.tech (delibera n. 23554 del 15 maggio 2025);

     - "PrimeXMarkets Ltd" websiste https://primexmarkets.com and page https://client.primexmarkets.com (resolution no. 23553 of 15 May 2025);

    - "Blyx Ultra" website https://blyxultra.com eand page https://blyxultraltd.com and page https://cfd.platformt121-3-3.com (resolution no. 23556 of 15 May 2025);

    - State Street Markets Limited website www.streetstate.vip (resolution no. 23555 of 15 May 2025);

    - "EXT24" website https://ext24.co and page https://my.ext24.co (resolution no. 23557 of 15 May 2025).

    16 May  2025

  • 08 May 2025
    Warning Consob on

    Paragonix Trader AI - Telarax - Giorgetti-Invest.com https://paragonix-trader-ai.com, https://telarax.com websites and the https://webtrader.orestpa.tech page and https://giorgetti-invest.com advertising site - Goldbysell https://gold-bysell.com website and its https://clientzone.gold-bysell.com and https://webtrader.gold-bysell.com pages - Smart Solutions Bot https://smartsolutionsbot.com website and its https://my.smartsolutionsbot.com page - Afex Markets website www.afexmarkets-it.com and its pages https://clientarea.alpha247-it.com and https://webtrader.alpha247-it.com - Finco Trades https://fincotrades.org website and its https://web.fin-trades.org page

    Consob has ordered the black out of the https://giorgetti-invest.com website, which "was cloning" the image of the Minister of the Economy, Giancarlo Giorgetti. Through fake interviews apparently given to leading television programmes, the Minister's "clone" advertised investment services provided via abusive trading platforms.    

    Consob's action - to protect retail investors and the Minister himself, who had absolutely nothing to do with the matter - was carried out, by exercising the powers deriving from the "Growth Decree" (converted by Law no. 58 of 28 June 2019) and the "Capital Law" (Law no. 21 of 5 March 2024).

    In recent months, Consob has carried out similar actions on sites that illegally referred to the Prime Minister, Giorgia Meloni, and the President of the Republic, Sergio Mattarella (Consob press release of 12 December 2024).

    At the same time, Consob has also blocked six other abusive financial intermediation sites.

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

    · "Paragonix Trader AI" - "Telarax" - "Giorgetti-Invest.com" (https://paragonix-trader-ai.com, https://telarax.com websites and the https://webtrader.orestpa.tech page and https://giorgetti-invest.com advertising site).

    · "Goldbysell" (https://gold-bysell.com website and its https://clientzone.gold-bysell.com and https://webtrader.gold-bysell.com pages);

    · "Smart Solutions Bot" (https://smartsolutionsbot.com website and its https://my.smartsolutionsbot.com page);

    · "Afex Markets" (website www.afexmarkets-it.com and its pages https://clientarea.alpha247-it.com and https://webtrader.alpha247-it.com);

    · "Finco Trades" (https://fincotrades.org website and its https://web.fin-trades.org page);

    The number of sites blacked out since July 2019, when Consob was given the power to order the black-out of websites of fraudulent financial intermediaries, has thus risen to 1311.

    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 and crypto-assets, checking in advance that the operator with whom you are investing is authorised, and, for offers of financial products and crypto-assets, that a prospectus or white paper has been published.

    Please note, there is a section on the homepage of the www.consob.it website, entitled "Watch for Scams!", which provides useful information warning investors about fraudulent financial schemes.

    * * *

    Order, pursuant to Article 7-octies, letter b) of Italian Legislative Decree no. 58 of 24 February 1998 (Consolidated Law on Finance) to cease infringement of Article 18 of said Consolidated Law on Finance, put in place by:

    - "Goldbysell" https://gold-bysell.com website and its https://clientzone.gold-bysell.com and https://webtrader.gold-bysell.com pages (resolution no. 23548 of 7 May 2025);

    - "Smart Solutions Bot" https://smartsolutionsbot.com website and its https://my.smartsolutionsbot.com page (resolution no. 23549 of 7 May 2025);

    - "Afex Markets" www.afexmarkets-it.com website and its https://clientarea.alpha247-it.com and https://webtrader.alpha247-it.com pages (resolution no. 23550 of 7 May 2025);

    - "Finco Trades" https://fincotrades.org website and its https://web.fin-trades.org page (resolution no. 23551 of 7 May 2025).

    Prohibition, pursuant to Article 7-octies, paragraph 1-bis of Italian Legislative Decree no. 58 of 24 February 1998 (Consolidated Law on Finance) to cease infringement of Article 18 of said Consolidated Law on Finance, put in place by:

    - "Paragonix Trader AI" - "Telarax" - "Giorgetti-Invest.com", via the https://paragonix-trader-ai.com and https://telarax.com websites, the https://webtrader.orestpa.tech page and the https://giorgetti-invest.com advertising site (resolution no. 23547 of 7 May 2025).

    8 May 2025

  • 02 May 2025
    Warning Consob on

    Egplus.vip (https://egplus.vip) - Egalite.bond (https://egalite.bond) - Arbismart UAB (https://arbismart.com, pagina https://dashboard.arbismart.com) - Blockbyteq (https://blockbyteq.top)

    Consob has ordered the black-out of 4 new websites through which services for crypto-activities are abusively provided.

    The Authority made use of the powers introduced by the MiCAR (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the black out of websites through which crypto currency services are provided to Italian savers without the prescribed authorisations.

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

    • “Egplus.vip” (website https://egplus.vip);
    • “Egalite.bond” (website https://egalite.bond);
    • Arbismart UAB (website https://arbismart.com and related page https://dashboard.arbismart.com);
    • “Blockbyteq” (website https://blockbyteq.top).

    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 1304.

    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 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 or the 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 unauthorized initiatives.

    * * *

    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:

    2 May 2025

  • 17 Apr 2025
    Warning Consob on

    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.

    * * *

    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).

    * * *

    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

  • 03 Apr 2025
    Warning Consob on

    Finanza Expert website https://finanzaexpert.com and page https://clients.finanzaexpert.com and https://trading.finanzaexpert.com - Cmswiss website https://cmswiss.com and page https://webtrader.cmswiss.com - Aspect-Markets website https://aspect-markets.cc and pages https://aspect-markets.online and https://web.aspect-markets.trade - Caa871 website https://caa871.it - Sdf837 website https://sdf837.it - SYBZ website https://sybzgroup.co

    Consob has ordered the black-out of 7 new websites through which financial services are abusively offered or services for crypto-activities are abusively provided. In details, Consob ordered the blackout of 4 abusive financial intermediation websites and 3 websites through which crypto currency services are abusively provided.

    The Authority made use of the powers deriving from the "Decreto crescita" ("Growth Decree", converted by Law No. 58 of 28 June 2019) regarding the black-out of websites of abusive financial intermediaries, as well as of the powers introduced by the MiCAR (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the black out of websites through which crypto currency services are provided to Italian savers in the absence of the prescribed authorizations.

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

    - "Finanza Expert" (website https://finanzaexpert.com and related pages https://clients.finanzaexpert.com and https://trading.finanzaexpert.com);

    - "Cmswiss" (website https://cmswiss.com and related page https://webtrader.cmswiss.com);

    - "Aspect-Markets" (website https://aspect-markets.cc and related pages https://aspect-markets.online and https://web.aspect-markets.trade);

    - "UCapital Trading" (website https://ucapitaltrading.com and related page https://clients.ucapitaltrading.com);

    - "Caa871" (website https://caa871.it);

    - "Sdf837" (website https://sdf837.it);

    - "SYBZ" (website https://sybzgroup.co).

    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 1275.

    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 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, 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.

    * * *

    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:

    - "Finanza Expert" website https://finanzaexpert.com and related pages https://clients.finanzaexpert.com and https://trading.finanzaexpert.com (resolution no. 23497 of 1 April 2025);

    - "Cmswiss" website https://cmswiss.com and related page https://webtrader.cmswiss.com (resolution no. 23498 of 1 April 2025);

    - "Aspect-Markets" website https://aspect-markets.cc and related pages https://aspect-markets.online and https://web.aspect-markets.trade (resolution no. 23496 of 1 April 2025);

    - "UCapital Trading" website https://ucapitaltrading.com and related page https://clients.ucapitaltrading.com (resolution no. 23499 of 1 April 2025);

    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:

    - "Caa871" website https://caa871.it (resolution no. 23501 of 1 April 2025);

    - "Sdf837" website https://sdf837.it (resolution no. 23502 of 1 April 2025);

    - "SYBZ" website https://sybzgroup.co  (resolution no. 23500 of 1 April 2025).

    3 April 2025

  • 03 Apr 2025
    Warning Consob on

    Quantum AI App Trading websites https://quantumaiapp.it and https://quantum-ai.in - Newgrtdeals website https://newgrtdeals.com - Piattaformaditradingdielonmusk website https://piattaformaditradingdielonmusk.it - Quantum AI Co website https://quantumai.co - Quantum AI Piattaforma and Quantum AI Official websites https://quantumaipiattaforma.it and https://quantumaiofficial.com Quantum AI Platform website https://quantumaiplatform.com - Orbimount website https://orbimount.io and page https://trade.plf-tchb.com - Zeon Global Ltd website https://zeon-lim.com and page https://my.zeon-lim.com - Hyper-trades website https://hyper-trades.com and page https://trade.hyper-trades.com - Hyper-tradeswebsite https://hyper-trades.com and page https://trade.hyper-trades.com - PO Trade Ltd website https://po.life - Asset Management International Ltd website https://assetmanagementint.com and page https://clientzone.assetmanagementint.com - FPQuantumAI website https://fpquantumai.net - Quantumworld website https://quantumworld.it and page https://cfd.earnpro99.com

    Consob has ordered the black-out of 16 new websites promoting or providing financial services illegally.

    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), 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 websites Consob has ordered to be blacked out:

    - "Quantum AI App Trading" (websites https://quantumaiapp.it and https://quantum-ai.in);

    - "Newgrtdeals" (website https://newgrtdeals.com);

    - "Piattaformaditradingdielonmusk" (website https://piattaformaditradingdielonmusk.it);

    - "Quantum AI Co" (website https://quantumai.co);

    - "Quantum AI Piattaforma and Quantum AI Official" (websites https://quantumaipiattaforma.it and https://quantumaiofficial.com);

    - "Quantum AI Platform" (website https://quantumaiplatform.com);

    - "Orbimount" (website https://orbimount.io and page https://trade.plf-tchb.com);

    - "Zeon Global Ltd (website https://zeon-lim.com and page https://my.zeon-lim.com);

    - "Hyper-trades" (website https://hyper-trades.com and page https://trade.hyper-trades.com);

    - "Vex-Group" (website https://vex-group.pro);

    - PO Trade Ltd (website https://po.life);

    - Asset Management International Ltd (website https://assetmanagementint.com and page https://clientzone.assetmanagementint.com);

    - "FPQuantumAI" (website https://fpquantumai.net);

    - "Quantumworld" (website https://quantumworld.it and page https://cfd.earnpro99.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 1291.

    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 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, 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.

    * * *

    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: 

    - "Quantum AI App Trading" websites https://quantumaiapp.it and https://quantum-ai.in (resolution no. 23520 of 9 April 2025);

    - "Newgrtdeals" website https://newgrtdeals.com (resolution no. 23519 of 9 April 2025);

    - "Piattaformaditradingdielonmusk" website https://piattaformaditradingdielonmusk.it  (resolution no. 23518 of 9 April 2025);

    - "Quantum AI Co" website https://quantumai.co (resolution no.  23517 of 9 April 2025);

    - "Quantum AI Piattaforma and Quantum AI Official" websites https://quantumaipiattaforma.it and https://quantumaiofficial.com (resolution no. 23516 of 9 April 2025);

    - "Quantum AI Platform" website https://quantumaiplatform.com (resolution no. 23515 of 9 April 2025);

    - "Orbimount" website https://orbimount.io and page https://trade.plf-tchb.com) (resolution no. 23514 of 9 April 2025);

    - "Zeon Global Ltd website https://zeon-lim.com and page https://my.zeon-lim.com (resolution no. 23513 of 9 April 2025);

    - "Hyper-trades" website https://hyper-trades.com and page https://trade.hyper-trades.com (resolution no. 23512 of 9 April 2025);

    - "Vex-Group" website https://vex-group.pro (resolution no. 23511 of 9 April 2025);

    - PO Trade Ltd website https://po.life (resolution no. 23510 of 9 April 2025);

    - Asset Management International Ltd website https://assetmanagementint.com and page https://clientzone.assetmanagementint.com (resolution no. 23509 of 9 April 2025);

    - "FPQuantumAI" website https://fpquantumai.net (resolution no. 23508 of 9 April 2025);

    - "Quantumworld" website https://quantumworld.it and page https://cfd.earnpro99.com (resolution no. 23507 of 9 April 2025).

    10 April 2025

  • 27 Mar 2025
    Warning Consob on

    Investing Banks website https://investing-banks.com and page https://online-sys-inv.com - Pim Mtf Markets Limited website www.pimmtf.com - Trade Republica website https://tradingrepublicaltd.com and page https://cfd.tradingrepublica.com - Top Markets Ltd website https://tender-capitalcfd.com and page https://wt.tender-capitalcfd.com - Deroka UAB website https://dtcoin.tech, https://dtwallet.io and https://forcedmarketcap.tech - DTSocialize Holding PLC website https://dtsmoney.com and page https://portal.dtsmoney.com

    Consob has ordered the black-out of 8 new websites through which financial services are abusively offered or services for crypto-activities are abusively provided. In details, Consob ordered the blackout of 4 abusive financial intermediation websites and 4 websites through which crypto currency services are abusively provided.

    The Authority made use of the powers deriving from the "Decreto crescita" ("Growth Decree", converted by Law No. 58 of 28 June 2019) regarding the black-out of websites of abusive financial intermediaries, as well as of the powers introduced by the MiCAR (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the black out of websites through which crypto currency services are provided to Italian savers in the absence of the prescribed authorizations.

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

    - "Investing Banks" (website https://investing-banks.com and related page https://online-sys-inv.com);

    - Pim Mtf Markets Limited (website www.pimmtf.com);

    - "Trade Republica" (website https://tradingrepublicaltd.com and related page https://cfd.tradingrepublica.com);

    - Top Markets Ltd (website https://tender-capitalcfd.com and related page https://wt.tender-capitalcfd.com);

    - Deroka UAB (websites https://dtcoin.tech, https://dtwallet.io and https://forcedmarketcap.tech);

    - DTSocialize Holding PLC (website https://dtsmoney.com and related page https://portal.dtsmoney.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 1268.

    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 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, 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.

    * * *

    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:

    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:

    27 March 2025

  • 25 Mar 2025
    Warning Esma on

    Warning ESMA - Factsheet titled “Using Artificial Intelligence for Investing: What you should consider”

    The use by the public of tools powered by artificial intelligence (AI) is becoming more and more popular, including in the context of financial investing. Investors have access to public online AI tools and applications (apps) that can suggest investments based on publicly available knowledge. However, these technologies - while innovative and potentially useful - also present significant risks, especially when used as the sole source for making financial decisions.

    The factsheet released today by ESMA and national Authorities aims to raise awareness of the main issues to keep in mind when using publicly available AI tools for investment guidance. It highlights the potential dangers of misleading advice, promises of easy money, lack of regulatory oversight, and privacy risks.

    The warning to investors is clear: do not rely blindly on AI, but consider it as one of many sources of information, always favoring an informed approach and-when necessary-turning to licensed professionals.

    The factsheet is part of a broader awareness campaign promoted by ESMA through social channels to help Europeans make more informed and safe choices in the new digital environment.

    25 March 2025

  • 20 Mar 2025
    Warning Consob on

    Monetizeer, website www.monetizeer.top  - Liberty Invested Limited, website https://libertyinvestedlimitedltd.com and related page https://cfd.libertyinvestedlimitedltd.com -AlfacapitalCFD, website https://alfacapital-cfd24.com and related page https://client.alfacapital-cfd24.com - AKQ, websites https://akqa715.it and https://AKQ1181.it - Fameexn, websites https://fameexe.top and https://fameexj.top -ArgonInternational, website https://argonintgroup.com and related page https://cfd.argonintgroup.com

    Consob has ordered the black-out of 8 new websites through which financial services are abusively offered or services for crypto-activities are abusively provided. In details, Consob ordered the blackout of 3 abusive financial intermediation websites and 5 websites through which crypto currency services are abusively provided.

    The Authority made use of the powers deriving from the "Decreto crescita" ("Growth Decree", converted by Law No. 58 of 28 June 2019) regarding the black-out of websites of abusive financial intermediaries, as well as of the powers introduced by the MiCAR (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the black out of websites through which crypto currency services are provided to Italian savers in the absence of the prescribed authorisations.

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

    • “Monetizeer”, website www.monetizeer.top;
    • “Liberty Invested Limited”, website https://libertyinvestedlimitedltd.com and related page https://cfd.libertyinvestedlimitedltd.com;
    • “AlfacapitalCFD”, website https://alfacapital-cfd24.com and related page https://client.alfacapital-cfd24.com;
    • “AKQ”, websites https://akqa715.it and https://AKQ1181.it;
    • “Fameexn”, websites https://fameexe.top and https://fameexj.top;
    • “ArgonInternational”, website https://argonintgroup.com and related page https://cfd.argonintgroup.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 1260.

    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 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.

    * * *

    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:

    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:

    20 March 2025

  • 13 Mar 2025
    Warning Consob on

    Guru4Invest website www.guru4invest.com and page https://platform.pltf-tchg.io - Sectorcapitals.com website https://www.sectorcapitals.com and page https://clientarea.w1e2b3tr4d3r.com - Aifactor Group website https://vipaifactorvip.com - Apollo Trade FX – Affidabiletop.com website https://apolloinvestfx.com and https://cfd.apolloinvestfx.com and advertising site https://affidabiletop.com 

    Consob has ordered the black-out of 5 new websites through which financial services are abusively offered or advertising campaigns are carried out targeting platforms that offer financial services without authorization. In details, Consob ordered the blackout of 4 illegal financial intermediation websites and 1 website through which an advertising campaign is carried out targeting an abusive brokerage platform.

    The Authority made use of the powers deriving from the "Decreto crescita" ("Growth Decree", converted by Law No. 58 of 28 June 2019) regarding the black-out of websites of abusive financial intermediaries as well as of the powers introduced by the "Legge capitali" ("Capital Act", Law No. 21 of 5 March 2024) regarding the black-out of websites through which advertising campaigns are carried out targeting abusive brokerage platforms.

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

    - "Guru4Invest" (website www.guru4invest.com and page https://platform.pltf-tchg.io);

    - "Sectorcapitals.com" (website https://www.sectorcapitals.com and related page https://clientarea.w1e2b3tr4d3r.com);

    - "Aifactor Group" (website https://vipaifactorvip.com);

    - "Apollo Trade FX" – "Affidabiletop.com" (website https://apolloinvestfx.com and related page https://cfd.apolloinvestfx.com and advertising website https://affidabiletop.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 1252.

    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 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, 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.

    * * *

    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:

    - “Guru4Invest” website www.guru4invest.com and page https://platform.pltf-tchg.io (resolution no. 23472 of 12 March 2025);

    - “Sectorcapitals.com” website https://www.sectorcapitals.com and page https://clientarea.w1e2b3tr4d3r.com (resolution no. 23469 of 12 March 2025);

    - “Aifactor Group” website https://vipaifactorvip.com (resolution no. 23473 of 12 March 2025);

    - “Apollo Trade FX” website https://apolloinvestfx.com and page https://cfd.apolloinvestfx.com (resolution no. 23470 of 12 March 2025);

    - “Affidabiletop.com” website https://affidabiletop.com (resolution no. 23471 of 12 March 2025).

    13 March 2025

  • 06 Mar 2025
    Warning Consob on

    memecoin $CORONA website www.getcoronamemes.com - Spazio Finanziario website www.spaziofinanziario.it and pages www.clients.spaziofinanziario.com and  www.trading.spaziofinanziario.com - HTXcoin-az" website https://m.htxcoin-az.com - Stock Credit Wallet website https://stockcreditwallet.com - Paycraftv.top"/"Paycraftn.top" websites https://paycraftv.top and https://paycraftn.top - CoinBank Exchange website https://coinbankexchange.icu - Capitalgates wesite https://capitalgates.io - Tux websites https://tuxitu.com and https://tuxamity.com - AquillaFX website https://aquillafx.net and page https://client.aquillafx.net

    Abusive offering of memecoin $CORONA blocked. Consob crackdown on abusive crypto traders continues. Eleven sites blacked out.

    Consob's interventions in the crypto-assets sector continue due the powers granted by the European sector regulation (Micar).

    Consob has ordered the termination of the abusive offer of crypto-assets called "memecoin $CORONA," at the Italian public, which was also promoted through the website www.getcoronamemes.com, lacking previous notification to Consob of the disclosure document (white-paper) required by Micar.

    Six websites through which cryptocurrency services were provided without the required authorizations from Micar were, in addition, blocked:

    - "Spazio Finanziario" (website www.spaziofinanziario.it and related pages www.clients.spaziofinanziario.com and www.trading.spaziofinanziario.com) - (resolution no. 23460 of 4 March 2025):

    - "HTXcoin-az" (website https://m.htxcoin-az.com) - (resolution no. 23457 of 4 March 2025);

    - "Stock Credit Wallet" (website https://stockcreditwallet.com) - (resolution no. 23459 of 4 March 2025);

    - "Paycraftv.top"/"Paycraftn.top" (websites https://paycraftv.top and https://paycraftn.top) - (resolution no. 23456 of 4 March 2025);

    - "CoinBank Exchange" (website https://coinbankexchange.icu) - (resolution no. 23455 of 4 March 2025).

    Further interventions against financial abuse also continues. Consob has blacked out the following four unauthorized financial intermediation sites:

    - "Capitalgates" (website https://capitalgates.io) - (resolution no. 23453 of 4 March 2025);

    - "Tux" (websites https://tuxitu.com and https://tuxamity.com) - (resolution no. 23452 of 4 March 2025);

    - "AquillaFX" (website https://aquillafx.net and related page https://client.aquillafx.net) - (resolution no. 23454 of 4 March 2025).

    In aggregate, eleven sites have been blacked out this week. This brings the total number of sites blocked by Consob, since the Authority was given the power in July 2019 to order the blocking of websites of abusive financial intermediaries, to 1247.

    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 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, that a prospectus or the 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 unauthorized initiatives.

    6 March 2025

  • 28 Feb 2025
    Warning Consob on

    "Flowtradey" (website https://flowtradey.nl) - State Street Markets Limited (website www.streetstate-vip.com) - "AlfacapitalCFD" (website https://alfacapital-cfd.com and related page https://client.alfacapital-cfd.com) 

    Consob has ordered the black-out of 4 new websites that offer financial services/financial products illegally: 3 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:

    - "Flowtradey" (website https://flowtradey.nl);

    - State Street Markets Limited (website www.streetstate-vip.com);

    - "AlfacapitalCFD" (website https://alfacapital-cfd.com and related page https://client.alfacapital-cfd.com);

    - "Peoplelife-Datexit Limited" (website https://peoplelife-datexit.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 1236.

    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 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, 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 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:

    -    Flowtradey via the website internet https://flowtradey.nl (resolution no. 23447 of 26 February 2025);

    -    State Street Markets Limited via the website www.streetstate-vip.com (resolution no. 23446 of 26 February  2025);

    -    AlfacapitalCFD via the website https://alfacapital-cfd.com and its page https://client.alfacapital-cfd.com (resolution no. 23448 of 26 February 2025).
     

    28 February 2025

  • 21 Feb 2025
    Warning Consob on

    Watch for “scams squared”: from Consob a warning on the risks of fake debt collection to those who have already been scammed.

    The National Commission for Companies and the Stock Exchange warns savers about the risks arising from the activities of unspecified subjects who, presenting themselves as lawyers, through telephone contacts and the website https://studiolegaleagnelli.it, improperly use the logo and name of CONSOB, AGCOM and AGCM and pretend to have been commissioned by CONSOB to recover sums previously lost by savers as a result of investments made through financial trading websites.

    It is a well-known fraud technique, for which ESMA has also issued a warning [link: https://www.esma.europa.eu/investor-corner/frauds-and-scams]. The agents of these deceptive initiatives claim that CONSOB, whose representatives and employees are also improperly nominated in some circumstances, can assist victims of financial fraud to recover or “unlock” lost money.

    The authors of such initiatives ask victims for a fee or payment of a “tax” but, afterwards, they seize these sums from savers without providing any service.

    Savers are warned, therefore, that these activities, are in no way referable to CONSOB (which does not deal with debt recovery) nor have they been authorized by CONSOB.

    In recommending again the utmost caution, CONSOB suggests to look at the section of its institutional website (www.consob.it) called “Watch for scams!” and, in particular, the previous communications to protect savers regarding the so-called fake debt collection practice and the unauthorized use of the Consob logo.

    21 February 2025

  • 21 Feb 2025
    Warning Consob on

    www.intelligenza-ai.com - “Revolutfx” (www.revolutfx.net, page https://client.revolutfx.net) - Macan Holdings Ltd (www.macanlimited-holdingsltd.com, page https://trd.macanlimited-holdingsltd.com) - “Emeraltrade” (www.emeraltrade.com, page https://trade.emeraltrade.com) - “ITradinFX” (www.itradingfx.com, pages https://account.itradingfx.com, https://tradingapi.tradingchart.io) - “TSAFGroup” (www.tsafgroup.com, pagina https://client.tsafgroup.com)

    New Consob intervention related to cryptocurrencies to protect savers. For the first time, the Authority, exercising its new powers under European industry regulations (MICAR), has blocked (Resolution No. 23433 of 19 February 2025) a website (www.intelligenza-ai.com) offering a token to the public for which the information document (the so-called white paper) had not been duly notified.

    Meanwhile, enforcement actions against financial abuse continue. Consob has blacked out the following 5 websites offering financial services without the proper authorization which, furthermore, it has ordered 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:

    A total of 6 websites have been blacked out this week. 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 1232.

    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 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, that a prospectus or the 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 unauthorized initiatives.

    21 February 2025

  • 13 Feb 2025
    Warning Consob on

    "Dobibo"(website https://dobibo.com, https://dobibo1.com, https://dobibo2.com) - "Fameexn"(websites https://fameexn.top, https://fameexn.com) - "Fininvestonline.com"(website https://fininvestonline.com) - "TORO500" website https://toro500.com and page https://client.toro500.com - Trading42 Ltd - Trading42 Financial website https://trading42.co.com and page https://panel.trading42.co.com - "Fpmarketseu" website www.fpmarketseu.net - "AllFinanz Plus" website https://allfinanzplus.com and page https://client.allfinanzplus.com

    Abusive crypto traders in the sights of Consob - First application of the new European sector regulation (MiCAR) Blocked on the web advertising improperly leveraging the notoriety of companies and prominent figures in the Italian business world - Ten sites blacked out

    Abusive crypto-asset operators end up in Consob's crosshairs. For the first time, the supervisory authority has exercised its powers under the new European regulation on crypto-assets (Micar), blocking (resolution nn. 23422 and 23423 of 12 February 2025) two unauthorised operators: ‘Dobibo' (websites https://dobibo.com, https://dobibo1.com, https://dobibo2.com) and ‘Fameexn' (websites https://fameexn.top, https://fameexn.com)

    At the same time, interventions are continuing to counter financial abuse that exploits the well-known names of prominent figures in the institutional or business world. Consob has blacked out the ‘Fininvestonline.com' website (https://fininvestonline.com), which was advertising abusive financial services on the web, improperly referring to the Fininvest/Mediaset brands and some members of the Berlusconi family. Last November, a similar intervention had concerned websites referring to well-known figures in politics and institutions (resolution no. 23425 of 12 February 2025).

    Among the latest provisions issued by Consob is the blacking out of the following four unauthorized financial intermediation sites:

    - ‘TORO500' by website https://toro500.com and related page https://client.toro500.com (resolution no. 23428 of 12 February 2025);

    - ‘Trading42 Ltd - Trading42 Financial' by website https://trading42.co.com and related page https://panel.trading42.co.com (resolution no. 23427 of 12 February 2025);

    - ‘Fpmarketseu' by website www.fpmarketseu.net (resolution no. 23426 of 12 February 2025);

    - ‘AllFinanz Plus'by website https://allfinanzplus.com and related page https://client.allfinanzplus.com (resolution n. 23424 of 12 February 2025).

    A total of 10 websites were blacked out this week. The number of websites blocked by Consob since July 2019, when the Authority got the power to order the blacking out of websites of fraudulent financial intermediaries, has thus risen to 1226.

    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 investor's attention to the importance of adopting the greatest diligence in order to make fully informed investment choices, adopting common sense behaviour, which is essential in order to safeguard one's savings: these include the prior verification, for sites offering financial services and crypto-assets, that the operator through which one invests is authorised and, for offers of financial products and crypto-assets, that 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 unauthorized initiatives.

    13 February 2025

  • 07 Feb 2025
    Warning Consob on

    "IFM24" (https://ifm247.co, page https://account.ifm247.co) - "MarexCFD" (www.marexcfd.com, page https://wt.marexcfd.com) - Fusions NTrade PTY LTD (https://fusions-ntrade.com, page https://client.fusions-ntrade.com) - "Flowtradey" (https://flowtradey.pro) - "Zodiac Speck" (www.zodiacspeck.net, page https://mobtrader.zodiacspeck.net)

    Consob has ordered the black-out of 5 new websites that offer financial services illegally.

    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), 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 websites Consob has ordered to be blacked out:

    •  “IFM24” (website https://ifm247.co and related page https://account.ifm247.co);
    • “MarexCFD” (website www.marexcfd.com and related page https://wt.marexcfd.com);
    • Fusions NTrade PTY LTD (website https://fusions-ntrade.com and related page https://client.fusions-ntrade.com);
    • “Flowtradey” (website https://flowtradey.pro);
    • “Zodiac Speck” (website www.zodiacspeck.net and related page https://mobtrader.zodiacspeck.net)

    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 1216.

    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 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, 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.

    * * *

    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:

    7 February 2025

  • 31 Jan 2025
    Warning Consob on

    “Fusionlots” (https://fusionlots.io, page https://platform.fusionlots-techf.com) - “Tux/Tuxai” (https://tuxtop.com, https://tux8.com, https://tuxail.com, https://tuxai.com) - Chiron Group Limited (https://chiron-group.limited, pages https://cfd.chiron-group.limited, https://cfd.chirongroup.proxy84.com)

    Consob has ordered the black-out of 6 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 authorisation.

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

    • “Fusionlots” (website https://fusionlots.io and its page https://platform.fusionlots-techf.com);
    • “Tux/Tuxai” (websites https://tuxtop.com, https://tux8.com, https://tuxail.com and https://tuxai.com);
    • Chiron Group Limited (website https://chiron-group.limited and pages https://cfd.chiron-group.limited and https://cfd.chirongroup.proxy84.com).

    The number of sites blacked out since July 2019, when Consob was given the power to order the black-out of websites of fraudulent financial intermediaries, has thus risen to 1211.

    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.

    Please note, there is a section on the homepage of the website www.consob.it, entitled “Watch for Scams!”, which provides useful information warning investors about fraudulent financial schemes.

    * * *

    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:

    31 January 2025

  • 24 Jan 2025
    Warning Consob on

    “IsecTrade” (https://isectrade.net, page https://panel.isectrade.net) - “Morgantrust”/Morgantrust Markets Limited (https://web.morgantrust.ai, www.morgantrust.ai) - “Onlinecfdsim” (www.onlinecfdsim.com, page https://platform.onlinecfdsim.com) - “CMC Finance Group” (https://cmcfinanceltd.com, page https://client.cmcfinanceltd.com) - Eminent Miner

    Consob has ordered the black-out of 5 new websites that offer financial services illegally.

    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), 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 websites Consob has ordered to be blacked out:

    • “IsecTrade” (website https://isectrade.net and related page https://panel.isectrade.net);
    • “Morgantrust”/Morgantrust Markets Limited (websites https://web.morgantrust.ai and www.morgantrust.ai);
    • “Onlinecfdsim” website www.onlinecfdsim.com and related page https://platform.onlinecfdsim.com);
    • “CMC Finance Group” (website https://cmcfinanceltd.com and related page https://client.cmcfinanceltd.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 1205.

    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 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, 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.

    * * *

    The Commission also prohibited the offering activity to the public resident in Italy concerning the "Investment Plans" called "Tesla", "Real Estate", "Hydro Power" and "Gas" implemented by the so-called "Eminent Miner” also via the https://eminent-miner.comwebsite (Resolution no. 23407 of 22 January 2025). The offer had already been suspended for 90 days with Resolution no. 23298 of 23 October 2024 (See “Consob Informa” no. 36/2024).

    * * *

    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:

    24 January 2025

  • 19 Dec 2024
    Warning Consob on

    Lemintero (www.lemintero.com) - Asteo Trade (https://asteo-group.com) - Quanta Capital Holdings Limited (https://quantacapital.com.co and page https://my.quantacapital.com.co) - Goldbysell24 (https://goldbysell24.co and page https://clientzone.goldbysell24.co and https://webtrader.goldbysell24.co) - Goldcapital24 - Capitalmarket24 (https://goldcapital24.pro and https://capitalmarket24.co)

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

    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), 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 websites Consob has ordered to be blacked out:

    - "Lemintero" (website www.lemintero.com);

    - "Asteo Trade" (website https://asteo-group.com);

    - Quanta Capital Holdings Limited (website https://quantacapital.com.co and related page https://my.quantacapital.com.co);

    - "Goldbysell24" (website https://goldbysell24.co and related pages https://clientzone.goldbysell24.co and https://webtrader.goldbysell24.co);

    - "Goldcapital24" – "Capitalmarket24" (siti internet https://goldcapital24.pro and https://capitalmarket24.co).

    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 1200.

    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 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, 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.

    * * *

    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:

    19 December 2024

  • 06 Dec 2024
    Warning Consob on

    BvtBanco Limited (www.bvtbancolimited.com) - Incore Investment (https://incore-investmentcfd.net, page https://client.incore-investmentcfd.net) - WoodcCapital (www.woodccapital.com, page platform.woodcmarkets.com) - Reloft Srl Sb (www.reloft.it, url reloft.it)

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

    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), 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 websites Consob has ordered to be blacked out:

    • BVTBanco Limited (website www.bvtbancolimited.com);
    • “INCORE INVESTMENT” (website https://incore-investmentcfd.net and page https://client.incore-investmentcfd.net);
    • “WoodcCapital” (website www.woodccapital.com and page https://platform.woodcmarkets.com);
    • Reloft Srl SB (website www.reloft.it).

    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 1188.

    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 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, 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.

    * * *

    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:

    6 December 2024

  • 29 Nov 2024
    Warning Consob on

    gomarketsltd.net (https://gomarketsltd.net, page https://client.gomarketsltd.net) - Fidus Invest (https://fidus-invest.com, pages https://panel.fidus-invest.com, https://trade.webtrader-fx.com) - First State Investments (Ireland) Limited (https://fsinvest.cm, pages https://client.fsinvest.cm, https://webtrader.fsinvest.cm) - Financial Magnum (https://fin-magnum.com)

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

    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), 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 websites Consob has ordered to be blacked out:

    • "Gomarketsltd.net" (website https://gomarketsltd.net and related page https://client.gomarketsltd.net);
    • "Fidus Invest" (website https://fidus-invest.com and pages https://panel.fidus-invest.com, https://trade.webtrader-fx.com);
    • "First State Investments (Ireland) Limited" (website https://fsinvest.cm and pages https://client.fsinvest.cm and https://webtrader.fsinvest.cm);
    • "Financial Magnum" (website https://fin-magnum.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 1184.

    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 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, 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 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:

    29 November 2024

  • 21 Nov 2024
    Warning Consob on

    2139 Exchange (website https://2139q.com) - Macan Holdings Ltd (website https://macan-holdings.limited and page https://cfd.macanholdingslimited.com) - Vergomarkets (website https://www.vergomarkets.co) - Wellvest (website www.wellvest.pro) - IBSMarkets (website https://ibsmarkets.net)

    Consob has ordered the black-out of 5 new websites that offer financial services illegally.

    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), 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 websites Consob has ordered to be blacked out:

    • "2139 Exchange" (website https://2139q.com);
    • Macan Holdings Ltd (website https://macan-holdings.limited and page https://cfd.macanholdingslimited.com);
    • "Vergomarkets" (website https://www.vergomarkets.co);
    • "Wellvest" (website www.wellvest.pro);
    • "IBSMarkets" (website https://ibsmarkets.net);

    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 1180.

    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 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, that a prospectus has been published. In particular, Consob warns of the risks associated with carrying out transactions through websites whose name includes '2139' and/or which contain a reference to '2139 Exchange', an entity not authorized to provide investment services, ten websites of which have been blacked out to date.

    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.

    * * *

    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:

    21 November 2024

  • 18 Nov 2024
    Warning Consob on

    Whatsapp frauds with the illicit use of well-known brands in the financial sector - Consob issues alert on the spread of the phenomenon

    Consob warns savers of the risks associated with investment proposals, delivered mainly through variously named WhatsApp groups and channels, which by unduly leveraging the notoriety of the brands "Morgan Stanley," "BlackRock" or other leading players in the financial sector prospect unrealistic earning opportunities related to alleged investments that, even by means of the alleged use of artificial intelligence programs, would allow to replicate the transactions carried out by "institutional investors."

    These proposals, delivered through WhatsApp groups and channels named, for example, "A24 - Morgan Stanley Equity Portfolio"; "F310 - Morgan Stanley Stock Group"; "S166 - Investment Community"; "B4 - Morgan Stanley Equity Portfolio"; "S135 - Morgan Stanley Investment Community"; "A125 Morgan Stanley Stock Information Discussion Group"; "MS Direct Investments - VIP910." "Fall Investment Strategy 2024 in Italy"; "Cavaliers of Wealth V566"; "BlackRock Group Free Stock Exchange"; "BlackRock webinar V62"; "Y155- Trading Alliance", come from individuals who deceitfully claim to be advisors and/or employees of "Morgan Stanley", "BlackRock" or other financial operators and are misleading initiatives aimed at acquiring the sums of money and users' personal data."

    Consob draws the attention of savers to the importance of using the utmost diligence in order to make investment choices in full awareness, adopting common sense behaviors that are essential to safeguard one's savings: among these, consult the "Watch for Scams!", section of Consob's website where useful information is available to warn investors against abusive financial initiatives.

    18 November 2024