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Italy’s CONSOB blacklists FX Market Pro and FXNobel(s)

Feb 05 2019
By
Jonathan Smith

 

Unregulated CFD brokerages FX Market Pro and FXNobel(s) are the latest additions to the long warning list of Italian financial regulator Commissione Nazionale per le Societa e la Borsa (CONSOB). CONSOB ordered both companies to cease provision of unauthorized investment services and activities to the Italian public.

 

FXNobel (or FXNobels) operates via two websites - www.fxnobel.com and www.fxnobels.io. This is a trading name of Glencoe Partners Ltd., a company registered offshore, on the Marshall Islands, where brokers are not regulated. Judging by the number of complaints against the broker posted as comments to our review of the broker, a lot of investors have fallen victims to its scam.

 

FX Market Pro operating from www.fxmarketpro.io (and previously from www.fxmarketpro.com) is also a trademark of an offshore company. Currently, the broker claims to be owned by Velmon Enterprise Ltd. Its previous website claimed that the companies operating the FX Market Pro brand are Thinking Ahead Limited and Kitano Limited. All of these companies are registered on the Marshal Islands, so it doesn’t actually matter which of them is the brand owner.

 

So, neither FX Market Pro, nor FXNobel(s), has the right to target investors in Italy, nor in Europe, or any regulated market in general. Nonetheless, these brokers obviously do and it seems that they both are some sort of con-artists.

 

Unfortunately, the forex market is full of fraudsters trying to swindle misinformed investors in every possible way. This is why we encourage our readers to invest only in properly licensed firms 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 serviced mainly by brokers, licensed in other European countries, 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  FX Market Pro  FXNobel  FXNobels  warning  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 MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

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