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Italy's CONSOB orders unregulated brokers Traderia, and CarterFS to cease operations

Mar 29 2019
By
Jonathan Smith

 

Italy's financial regulator Commissione Nazionale per le Societa e la Borsa (CONSOB) warned that Traderia, and CarterFS are not licensed, and ordered them to cease offering unauthorized investment services and activities to the Italian public. Below, you may find more details about the two brokerages.

 

Traderia is owned and operated by Pro Star, an offshore company registered in St. Vincent and the Grenadines (SVG). Brokers in such offshore zones are not licensed, nor supervised by any authority, and are not allowed to operate on any regulated market such as the European Union.

 

The other company the Italian regulator has blacklisted, SolutionCm Ltd., operates Carter Financial Services (CarterFS) brokerage brand. It is allegedly based in Bulgaria, but is not licensed by the local Financial Supervision Commission (FSC), nor by any other financial regulator.

 

The same company also operates OriginalCrypto.com website, and a number of other brokerage brands: BritonPrice, Bitcoinoie, CryptoFGCapital 245 Group, Hamilton FE, Lockwood, and possibly others. Most of these brands obviously target European investors and have been blacklisted by some EU financial regulators.

 

The forex market is unfortunately full of scammers trying to rip-off misinformed investors in every possible way. This is why we always advise our readers to deal only with properly licensed brokers and look up any company’s name in the respective public register prior to investing.

 

>> Forex brokers legally operating in Italy <<

 

TAGS: CONSOB  Traderia  CarterFS  warning  Italy  scam  EU 
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