Italy’s CONSOB blacklists Tradefxzone and FXtrading Corp Apr 27 2020 By Jonathan Smith
Unregulated forex brokers Tradezone24 (Tradefxzone) and FXtrading Corp are some of the latest additions to the warning list of the Commissione Nazionale per le Societa e la Borsa (CONSOB) .The Italian financial regulator also ordered internet providers to block the access to the websites of these entities from Italy.Tradezone24 (website https://tradefxzone.com) is associated with the notorious Bulgarian company SolutionsCM Ltd.The latter operates a number of brokerage brands, most of which are present in the warning list of CONSOB and/or in the balcklists of other EU financial regulators – CryptoFG , Capital 245 Group, WellingtonInv , Hamilton FE, OriginalCrypto , Lockwood, BritonPrice , Bitcoinoie, Easy Line Pro , and possibly others.
In other words, we believe that the people operating this company are in fact orchestrating a serial scam scheme.As regards the other broker flagged by CONSOB, FXtrading Corp , they allegedly provide automated trading in forex and cryptocurrencies, but aren’t transparent with their offer.What is worse, the brokerage is anonymous and has already been blacklisted by the Spanish Comisión Nacional del Mercado de Valores (CNMV), and by the Thai Securities and Exchanges Commission (SEC).
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.Spain’s CNMV warns against RoyalFXtrade and MCI Investments Apr 29 2020 13:48:29
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Facing growing regulatory hurdles, Libra, the controversial Facebook crypto currency project, has been redesigned to include multiple versions of the proposed stable coin, each backed by a single fiat currency like the Euro or the U.S.dollar.Read more Judge orders arrest of former US senator involved in “Meta 1 Coin” scam Apr 23 2020 11:15:54
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The Financial Services and Markets Authority (FSMA) in Belgium warns the public against scams exploiting the current situation of economic uncertainty due to the spread of the coronavirus.
Read more FCA reports drop in forex and CFD complaints Apr 16 2020 20:49:33
The Financial Conduct Authority (FCA) in the UK surprisingly reported fewer forex and CFD complaints in the second half of 2019, compared to the same period the previous year.Read more CoinBits and Trendingraphs end up on FCA’s warning list Apr 15 2020 15:43:40
Some of the latest editions to the warning list of the UK`s Financial Conduct Authority (FCA) are unregulated brokers CoinBits and Trendingraphs.The regulator said that these entities have been providing financial services or products in the UK without its authorization.Read more ASIC focuses on customers, who might get victims of corona scams Apr 14 2020 23:56:16
The Australian Securities and Investments Commission said it will focus on efforts to protect consumers vulnerable to scams relating to the current situation with the coronavirus pandemic.Read more The FBI follows suit, warns against COVID-19 related scams Apr 14 2020 15:49:14
A number of financial regulators have lately warned the public of the rising number of COVID-19 related scams, and the US Federal Bureau of Investigation (FBI) followed suit on Monday.Read more CONSOB also warns against coronavirus scams Apr 13 2020 22:20:33
The Italian financial authority, CONSOB also has warned the public that the coronavirus pandemic provides scammers with a suitable opportunity for spreading false or misleading information with the purpose of taking an unfair profit out of the fears related to disease.Read more FCA warns of Instagram forex scams Apr 08 2020 23:42:37
The Financial Conduct Authority (FCA) in the UK is warning the public of an emerging trend of scam brokers, that use social media like Instagram and Facebook, luring investors with lucrative offers of fast and easy returns..