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EFS Lux
On July 11, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered EFS Lux’s website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-11-july-2024-abusiveness-/718268
On July 11, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered EFS Lux’s website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-11-july-2024-abusiveness-/718268EFS Lux claims to be regulated by several financial authorities within Europe but fails to provide detailed licensing information to substantiate these claims, raising doubts about its credibility. Our search in the European Securities and Markets Authority (ESMA) register yielded no records to support the company's legitimacy.
Additionally, the Italian Companies and Exchange Commission (CONSOB) has ordered EFS Lux's website to be blacked out, stating that it offers financial services illegally in Italy
In essence, EFS Lux is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
EFS Lux appears to be a scam.
EFS Lux claims to be regulated by several financial authorities within Europe but fails to provide detailed licensing information to substantiate these claims, raising doubts about its credibility. Our search in the European Securities and Markets Authority (ESMA) register yielded no records to support the company's legitimacy.Additionally, the Italian Companies and Exchange Commission (CONSOB) has ordered EFS Lux's website to be blacked out, stating that it offers financial services illegally in ItalyIn essence, EFS Lux is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.EFS Lux appears to be a scam.
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