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Italy's CONSOB updates warning list of forex, binary options brokers

 Italy's financial markers and service providers regulator CONSOB has updated its warning list of unauthorized forex and binary options brokers with several new entries. Neither of them are licensed to provide investment services in activities in Italy.


 

Get Marketing Ltd. Operates the unregulated forex broker Midas Globe (midasglobe.com). It does not provide much contact information, except a telephone number in UK, but in fact its office can be anywhere in the world. We have already flagged this broker as a rather dubious one.


 

Uniqueness and Faith PA Ltd. operates the forex broker NetoBrokers (netobrokers.com). It claims it is based in the UK, but our check revealed that it is not regulated by UK's FCA.


 

Binext Solutions srl and Binext Global Ltd, based in Romania, are operating the forex broker 10trading (10trading.com). However, it does not have a license from any regulatory body.


 

Vip Markets runs the “trusted forex broker” of the same name (vvipmarkets.com). It also offers trading in binary options and is based in the offshore zone Saint Vincent and the Grenadines.


 

Nordic Pearl Limited and one Mr. Grand are the owners of the ForexGrand broker (forexgrand.com). According to its website, the company is based in Bulgaria. It, however, is not authorized by the local Financial Supervision Commission, nor by any other regulatory body. We have also come across client complaints that they cannot withdraw their money.


 

 

TAGS: italy  consob  warning  midas globe  netobrokers  10trading  vipmarkets  forexgrand 

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