Italy's financial regulator, Consob, has moved to order the closure of five websites that illegally provide financial services to protect investors.。

Consob takes action: 5 illegal financial websites shut down

The following websites were ordered closed:

Axiancefx-https: / / axiancefx.co Investment Analyst - https: / / investment-analysts.com Switchtrades Ltd - www.switchtrades.com Top Markets Ltd - www.europetrade.me BTC System Pty Ltd - https: / / btcsystem.Net

The number of websites blocked by Consob continues to rise, with a total of 955 websites blocked since the agency authorized such action in July 2019, aimed at protecting Italian investors from fraudulent financial intermediaries without the necessary authorization.。

The sites are currently being blocked by internet service providers within Italy, but the measures could take several days to fully take effect for technical reasons.。

Consob stressed that investors must be diligent and cautious when making investment decisions, advising individuals to check in advance whether the financial service providers they deal with are properly authorized.。It is vital to ensure that any financial products offered are issued with a prospectus。

Consob StrikeClone Web Site

A previous report noted that Italy's financial market regulator, Consob, continued its crackdown on fraudulent financial service providers, blocking five suspicious websites offering services in Italy.。The blocked websites include FP Invest, XTB Empire Ltd, PRIMUSLTD and Simple Trading, which are clones of well-known brands in the retail trading industry.。

These sites offer risky financial instruments such as margin forex, CFDs for various assets and cryptocurrencies。The regulator has used its powers to ban access to unauthorized financial services websites at the domain name level and is currently conducting a "website blocking campaign."。