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Italian financial regulator adds Mib700, Vix500 and DeltaFxMarkets to its warning list

 

Italy's Commissione Nazionale per le Societa e la Borsa (CONSOB) has updated its warning list with unregulated brokers Mib700, Vix500 and DeltaFxMarkets. The regulator also ordered these companies to cease offering unauthorized investment services and activities to the Italian public.

 

Mib700 and Vix500 are both trading names of Blue Seal limited, an offshore company, registered in Vanuatu. It is not licensed to offer financial services on regulated markets like those in the USA, Australia, or the European Union, Italy included.

 

Nonetheless, both brokerage brands have obviously targeted European investors, given the fact that both CONSOB and the Polish Financial Supervision Authority (KNF) have blacklisted Blue Seal limited. Judging by the plethora of complaints and negative user comments on our reviews of Vix500 and Mib700, these brokers are involved in some sort of investment scam.

 

The third brokerage brand flagged by the Italian regulator, DeltaFxMarkets (www.deltafxmarkets.com) claims to offers trading in a plethora of assets on the MetaTrader 5 platform, but fails to clarify any specifics. The broker is owned and operated by another notorious offshore company – Silver Wolf Limited. It also runs PremiumTradesMarkets, FXTrade777 (also blacklisted by CONSOB), and more.

 

Unfortunately, the forex market is full of scammers trying to swindle naïve and misinformed investors in every possible way. This is why we advise our readers to invest only in properly licensed companies in order to minimize the risk of foul play as much as possible.

 

Italy is a major market for the forex and CFD industry, which however is mainly serviced by brokers, licensed in other EU Member States, such as UK and Cyprus. Below, you can find some of the best forex brokers legally operating in the country.

 

 

>> Forex brokers authorized to operate in Italy <<

  

TAGS: CONSOB  warning  cease order  Mib700  Vix500  DeltaFxMarkets  Blue Seal limited  Silver Wolf Limited  Italy  scam 

More news about Mib700

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia, Cyprus ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

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