The regulator blocked access to FCapital24, Future Invest Limited, and LevictousLTD.com.
Consob restricted Trading42 Ltd or Trading42 Financial Llc and RussellGroupFX.
Italy
Consob has blocked five websites suspected of offering
illegal financial services to investors. These websites include
FCapital24 (fcapital24.com), Future Invest Limited (future-invest-limited.com
or cfd.future-invest-limited.com), and LevictousLTD.com (levictousltd.com).
Consob Cracks Down on Trading Platforms
The Italian financial regulator restricted Trading42 Ltd or Trading42 Financial Llc (trading42.com), and RussellGroupFX
(russellgroupfx.com) for unlawfully offering financial services. Consob aims to protect investors from fraudulent activities by ordering the blackout of these financial services platforms. Since July 2019, Consob
has been empowered to block websites associated with abusive financial
intermediaries.
With the recent addition, the total number of blocked
sites now stands at 1,070. The watchdog has urged savers to be cautious and
conduct due diligence when making investment decisions. This ensures that they
verify the authorization of the operator and the publication of financial
product prospectuses.
Source: Consob
More Websites Blocked
Additionally, Consob emphasized the importance of
investor awareness and education in combating financial scams. The authority
has directed individuals to its website for information and resources on identifying and avoiding fraudulent financial initiatives.
Last month, Consob blocked five websites suspected of
offering illegal financial services. These platforms include Imperialcap24
Limited, Top Markets Ltd, AfexEU, Bitblanco, INVESTRIUM, and FameFX24. These
websites were reportedly operating without proper authorization to offer
financial services.
Financial regulators worldwide have been intensifying
efforts to combat financial fraud. Authorities like Canada's Securities
Administrators and Belgium's Financial Services and Markets Authority have
cautioned users against suspicious online trading platforms. Similarly, the
UK's Financial Conduct Authority issued over 2,000 warnings last year to combat
financial scams.
Consob additionally warned against clone brokers using the
credentials of legitimate brokers to deceive clients. The authority highlighted
deceptive tactics used by clone websites, which adopt names similar to licensed
entities but lack legitimate authorization.
Consob has blocked five websites suspected of offering
illegal financial services to investors. These websites include
FCapital24 (fcapital24.com), Future Invest Limited (future-invest-limited.com
or cfd.future-invest-limited.com), and LevictousLTD.com (levictousltd.com).
Consob Cracks Down on Trading Platforms
The Italian financial regulator restricted Trading42 Ltd or Trading42 Financial Llc (trading42.com), and RussellGroupFX
(russellgroupfx.com) for unlawfully offering financial services. Consob aims to protect investors from fraudulent activities by ordering the blackout of these financial services platforms. Since July 2019, Consob
has been empowered to block websites associated with abusive financial
intermediaries.
With the recent addition, the total number of blocked
sites now stands at 1,070. The watchdog has urged savers to be cautious and
conduct due diligence when making investment decisions. This ensures that they
verify the authorization of the operator and the publication of financial
product prospectuses.
Source: Consob
More Websites Blocked
Additionally, Consob emphasized the importance of
investor awareness and education in combating financial scams. The authority
has directed individuals to its website for information and resources on identifying and avoiding fraudulent financial initiatives.
Last month, Consob blocked five websites suspected of
offering illegal financial services. These platforms include Imperialcap24
Limited, Top Markets Ltd, AfexEU, Bitblanco, INVESTRIUM, and FameFX24. These
websites were reportedly operating without proper authorization to offer
financial services.
Financial regulators worldwide have been intensifying
efforts to combat financial fraud. Authorities like Canada's Securities
Administrators and Belgium's Financial Services and Markets Authority have
cautioned users against suspicious online trading platforms. Similarly, the
UK's Financial Conduct Authority issued over 2,000 warnings last year to combat
financial scams.
Consob additionally warned against clone brokers using the
credentials of legitimate brokers to deceive clients. The authority highlighted
deceptive tactics used by clone websites, which adopt names similar to licensed
entities but lack legitimate authorization.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
Leverate Bundles Automated Market Maker With Order Matching for White-Label Prediction Markets
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We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
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Built on transparency.
Driven by the industry.
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🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
