CONSOB Blacks Out 5 Unauthorized FX Brokers

The Italian Companies and Exchange Commission(CONSOB）has blacked out five unauthorized Forex companies according to the latest release.

As it availed itself of the powers deriving from the "Growth Decree", the authority has ordered Internet connectivity service providers to inhibit access from Italy to the following five forex websites through which financial services are offered without due authorization.

1. Market Ltd and Propinquity Group Ltd (website https://marketltd.co and related page https://webtrader.marketltd.to...);

2. "Ibell FX" (website  www.ibellmarkets.com and related page and https://crm.ibellmarkets.com);

3. "Globecfds" (website  www.globesfxp.com and related page https://client.globesfxp.com);

4. Vibeinv Invest Limited (website www.vibeinv-24.com);

5. "Seventrade24" (website https://seventrade24.com and related page https://client.seventrade24.co...).

CONSOB wishes to inform investors that the above entities do not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities.

The black-out of these websites by Internet service providers operating on Italian territory is ongoing. For technical reasons, it can take several days for the black-out to come into effect.