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Italian Regulator CONSOB Warns the Public to Beware of Abusive Websites

2023-02-14 Brokersview

CONSOB has ordered the black-out of 7 illegal financial intermediation websites and 1 website through which an offer of financial products is carried out in the absence of a prospectus.


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


SwissFX Bank Limited (website and related page;


Jkcforex Group Limited (website and related page;


"Axicapitals" (website and related page;


CRYPTONEYX" (website;


Vantage Global Limited (websites, and related page;


N 26 PTY LTD/ "Binanfx" (website and related page;


Digitalcurrency Exchange (website


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 833.


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.