CONSOB Continues Fighting Against Binary Options
- The Italian Regulator adds Up4X and ACG to its Broker Blacklist.
The Italian regulator Commissione Nazionale per la Societá e la Borsa (CONSOB) is moving forward with its strict ban on Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term companies, adding more brokers to the list as weeks go by.
This week, the National Commission for Companies and the Stock Exchange reported that the companies Up4X and ACG will not be able to trade with Italy as a target client.
The first company, Up4X, is no longer authorized to offer nor operate any trading related services or activities, including its website. In other words, the site might be blocked on Italian internet servers, and will not be available to local traders. The American Commodities Group (ACG), which has a registered office in Italy, is facing the same situation despite its location within the country’s borders.
CONSOB’s unrelenting stance against unregulated binary options brokers is nothing new in light of recent events. This organization’s having blacklisted a growing number of binary options and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term companies during the last few weeks emphasizes its awareness of the extent of the issues related to lack of regulation. Though CONSOB has a severe attitude against brokers, it still has not declared a total war as France did last year.
CONSOB has set itself the goal of observing the Italian markets in order to protect local investors from the harm caused by the unregulated brokers swarming the internet. This means that companies who are allowed to contact Italians must not only be regulated, but also transparent and clear regarding the information they provide to their clients.
The Italian regulator Commissione Nazionale per la Societá e la Borsa (CONSOB) is moving forward with its strict ban on Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term companies, adding more brokers to the list as weeks go by.
This week, the National Commission for Companies and the Stock Exchange reported that the companies Up4X and ACG will not be able to trade with Italy as a target client.
The first company, Up4X, is no longer authorized to offer nor operate any trading related services or activities, including its website. In other words, the site might be blocked on Italian internet servers, and will not be available to local traders. The American Commodities Group (ACG), which has a registered office in Italy, is facing the same situation despite its location within the country’s borders.
CONSOB’s unrelenting stance against unregulated binary options brokers is nothing new in light of recent events. This organization’s having blacklisted a growing number of binary options and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term companies during the last few weeks emphasizes its awareness of the extent of the issues related to lack of regulation. Though CONSOB has a severe attitude against brokers, it still has not declared a total war as France did last year.
CONSOB has set itself the goal of observing the Italian markets in order to protect local investors from the harm caused by the unregulated brokers swarming the internet. This means that companies who are allowed to contact Italians must not only be regulated, but also transparent and clear regarding the information they provide to their clients.