A wave of warnings against unauthorized brokers from European regulators

In recent days, financial supervision institutions in countries such as Italy, Cyprus and Belgium have updated their lists of warnings for new positions. 28 entities have joined the infamous ranking.

Forex, binaries and cryptocurrencies

Regardless of the country and regulator, the listing was the same in all cases - no local regulatory licensing or authority to provide brokerage services. The spectrum of the companies' activity was wide, as it included both the currency market, CFD instruments, binary options, as well as the increasingly popular cryptocurrencies. It is the latter instruments, due to the lack of clear regulatory provisions and the current fashion, that bear an exceptionally high non-investment risk.

CySEC Alerts - Cyprus

• stm-fx.com
• jennocrypto.com
• bitoptionfx.com

CONSOB alerts - Italy

• https://procapitalfx.com
• https://it.probtctrade.com
• https://it.btcglobefx.com
• https://firstfxclub.com
• https://it.protradefx.com
• https://it.smartbtcfx.com
• https://capitalfxclub.com
• https://it.capitalbtcfx.com
• https://cryptoclubfx.com
• https://gamebtcfx.com
• https://it.360smartfx.com
• www.smartprofx.com
• Antonio Vaccaro (optionfinanza.com)
• revolutionalatuavitadesso.it and https://it-it.facebook.com/rivoluzionalatuavita

FSMA Warnings - Belgium

• 365 Markets (Trustnet Ltd) - www.365markets.com
• CFDS100.COM (Trsystem Limited) - www.cfds100.com
• FXG Trade (Capital FXG Ltd / Nordic Pearl Ltd) - www.fxgtrade.com
• HybridReserve (Singlebell LTD / SingleBell OU) - www.hybridreserve.com
• PBN Capital (Capital Tech Ltd / Pbox Ltd) - pbncapital.com

We warn against using the services of unlicensed companies. Before opening an account, always make sure that the broker has the appropriate regulations and permits from the indicated institution supervising the financial market.