Number of unauthorized investment websites blocked by Italy’s Consob surpasses 170

Maria Nikolova

The regulator has ordered the blocking of access to six websites that illegally offer financial services to Italian investors.

Italy’s Companies and Exchange Commission (CONSOB) keeps making use of the powers granted to it under the so-called “Growth Decree”. On Mach 12, 2020, the regulator said it issued orders for the blocking of six websites, which illegally offer financial services to Italian investors.

The six websites are:

  • Novatrades Ltd (;
  • Game Capital ADS Limited (;
  • “GoldFxTrading” (GFT) (;
  • “Alphacapital” (;
  • Swiss Capital Ltd (

This regulatory action takes the number of websites blocked by Consob since July 2019 to 174.

The activities for the blackout of these websites by the Internet service providers operating on the Italian territory are in progress. For technical reasons it can take a few days to implement them.

The readers of FinanceFeeds may recall that, last week Consob made use of new powers granted to it under Law no. 8 of February 28, 2020 (article 4, paragraph 3-bis).

The new regulations allow the regulator to order Internet service providers to block access to websites that advertise and/or offer financial products without prospectus. These new powers add to the ones granted to Consob under the “Growth Decree”. Last week, Consob said that it ordered the blocking of access to seven websites that offer financial products without prospectus.

Read this next

Digital Assets

US court greenlights IRS to track down crypto investors

A federal court has authorized the US Internal Revenue Service (IRS) to issue a so-called John Doe summons for taxpayers who may have failed to report and pay taxes on cryptocurrency transactions. 

Executive Moves

GCEX hires American Express’ veteran Marilu Revelli as marketing director

GCEX, a digital asset and FX technology platform for institutional and professional clients, has appointed Marilu Revelli to the role of Marketing Director.

Crypto Insider lists DeFiChain’s DFI token amid growing popularity

Bitcoin-based DeFi platform DeFiChain announced the listing of its native DFI token on, one of the world’s leading cryptocurrency exchanges.

Digital Assets

Binance in discussions with Japan regulators to relaunch operations

Binance, the world’s largest crypto exchange by traded volume, is reportedly seeking a license to operate in Japan after its exit from the country four years ago.

Digital Assets

OKX Chain integrates .crypto domains to simplify wallet transactions

Unstoppable Domains, a company building Blockchain domain names, has entered a partnership with EVM and IBC compatible chain OKC (OKX Chain). This collaboration will grant OKC’s users the ability to simplify deposits and withdrawals within the regulated fiat-focused crypto-asset exchange.

Retail FX, Technology

MetaTrader’s iOS issue opens brokers’ eyes to other trading platforms

In a surprising (or-not-so-surprising) move, Apple has removed MetaTrader 4 and MetaTrader 5 from its App Store in a huge blow for the leading FX trading platform provider.

Retail FX

Pepperstone adds analytics and automated trading tools free of charge

“We look forward to bringing significant value to Pepperstone traders and making a real, positive impact in their daily trading habits. We are excited to welcome them on board.”

Retail FX

FP Markets wins Best Global Value Broker for 4th consecutive year at the 2022 Global Forex Awards

“We greatly appreciate the continued international recognition as at FP Markets we pride ourselves on these attributes and these prestigious awards are testament to the hard work from our global team to always provide our clients with the ultimate trading experience.”

Inside View

How to Engage Your Customer at Every Stage of Their Journey

As many as 89% of successful businesses say that providing assistive customer experiences is critical to their growth. That’s because a mere 5% increase in customer retention can boost profits by 25% to 95%.