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CONSOB Issues New Order: Black-Out of 5 Financial Websites

2025-01-26 BrokersView

The Italian Companies and Exchange Commission (CONSOB) has issued a new warning, urging the public to remain vigilant against new scam brokers. On January 24, 2025, CONSOB announced the black-out of five websites offering unauthorized financial services, as part of their ongoing efforts to crack down on abusive financial websites.

 

The newly black-listed websites providing illegal Forex or CFD trading include:

 

“IsecTrade”

website: https://isectrade.net

related page: https://panel.isectrade.net

 

“Morgantrust”/Morgantrust Markets Limited

websites: https://web.morgantrust.ai, www.morgantrust.ai;

 

“Onlinecfdsim” 

website: www.onlinecfdsim.com

related page: https://platform.onlinecfdsim.com

 

“CMC Finance Group”

website: https://cmcfinanceltd.com

related page: https://client.cmcfinanceltd.com

 

Since July 2019, when CONSOB was granted the authority to order the black-out of fraudulent financial intermediaries' websites, the number of such sites blocked has risen to 1,205.

 

CONSOB emphasizes the importance for investors to exercise the utmost diligence to make informed investment choices. Key recommendations include verifying the authorization of financial service operators and ensuring that a prospectus has been published for financial product offerings. These prudent practices are essential for traders to safeguard their savings.

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