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Italy's CONSOB added TorOption and FXBreeze to its warning list

Jan 30 2019
By
Jonathan Smith

 

Italy's financial markets regulator Commissione Nazionale per le Societa e la Borsa (CONSOB) has updated its warning list with unregulated forex brokers TorOption and FXBreeze earlier this week. The regulator stated that they are not licensed to provide financial services in Italy and ordered them to cease providing unauthorized investment services and activities to the local investors. 

 

TorOption and FXBreeze offer trading in wide range of CFDs, including on cryptocurrencies, and obviously target European investors without having the right to do so. What is worse, both brokers have already been blacklisted by other EU financial regulators. Estonian forex and CFD broker FXBreeze is present in the warning list of the Estonian Financial Supervision Authority, and UK-based TorOption was flagged by the Financial Condust Authority of the UK.

 

Proper regulation is the only way you can feel secure about your investment on the retail forex and cryptocurrency market, which, unfortunately, is full of con-artists. That is why we encourage our readers to deal only with properly regulated financial services providers.

 

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

 

>> Forex brokers authorized to operate in Italy <<

 

 

TAGS: CONSOB  warning  TorOption  FXBreeze  scam  Italy 
Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia 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
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

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