de | cn | ru

Market News

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 
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$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
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

More Forex Market News

Arsenal will partner with Global Kapital Group

Sep 20 2019 17:16:28

English Premier League football club Arsenal will partner with Global Kapital Group, which owns several forex and CFD brokers including GK Pro (formerly known as GKFX), GKFX Prime and GK Invest. Read more

SEC accused Mediatrix Capital of $125 mln Ponzi scheme

Sep 19 2019 16:46:45

Mediatrix Capital, which claimed that its clients profited for 5 consecutive years without a single monthly loss, and which also was awarded as the Best Family Office Asset Manager in Monaco, is now been accused by U.S. Securities and Exchange Commission (SEC) of running a Ponzi scheme. Read more

Germany will block Facebook's Libra

Sep 18 2019 17:13:56

This time it was the German government, who delivered yet another blow to Libra, the Facebook backed stable coin, that is planned to be launched in 2020. Read more

Facebook assures central banks not to fear Libra

Sep 17 2019 17:23:34

Facebook reassured world central banks that Libra, the new stable coin the social media giant plans to launch in 2020, will not replace sovereign currencies like the U.S. dollar or the Euro, and will not threaten the central banks’ control over money creation. Read more

Philippine police arrests 277 employees in connection to a forex scam

Sep 16 2019 17:33:44

Acting on a tip from the Chinese intelligence agency the Philippine police has arrested 277 Chinese nationals working for online forex and crypto scammers. Read more

FCA prepares for a no deal Brexit

Sep 12 2019 17:05:09

The Financial Conduct Authority (FCA) in the UK has opened an emergency phone line (+44 800 048 4255), as well as a series of specialized information websites that are intended to help the financial sector cope with the possible consequences of a no deal Brexit. Read more

Police in Taiwan warns of forex scams on dating websites

Sep 11 2019 14:08:40

The Criminal Investigation Bureau (CIB) in Taiwan warns of a new wave of investment scams on dating and chat websites, featuring a case of a man who lost over 4 million Taiwanese Dollars (128 000 USD). Read more

The Marshall Islands launches a sovereign crypto coin

Sep 04 2019 16:57:05

The Marshall Islands, the small Pacific nation that is also a favorite offshore destination for many brokers that prefer to avoid the strict regulations in Europe, the U.S. Read more

Dutch authorities to regulate all crypto dealing firms

Sep 03 2019 13:43:03

The Dutch Central Bank announced new rules for all companies dealing with crypto currencies that will take effect from January 2020. Read more

Ex-BinaryBook employee sentenced to a year in prison in the US

Sep 02 2019 14:26:10

  Israeli binary options operative Lissa Mel pled guilty to her role in $145 million scam scheme, and was sentenced to a year in prison and $288 024 in restitution to victims by a US federal court previous week. Read more

de | cn | ru