CONSOB issues an alert against 4 brokers

The world of the online stock exchange is attracting a growing number of investors. The latter can then speculate online via platforms offered by brokers. Faced with the many brokers available, it is difficult to choose. Especially since there are many unscrupulous operators of whom we must be very suspicious.

To protect users and help them select the right partners, regulatory institutions have gradually been established. Among them is CONSOB or Commissione Nazionale per le Società e la Borsa, which is the Italian regulator that oversees the stock markets in Italy. In action against illegal brokers, this organization has just warned against 4 online brokers..

CONSOB warnings

When it comes to regulating financial markets, the AMF or Autorité des Marchés Financiers immediately comes to mind. This institution is well known for its rigour in the supervision of the online stock exchange. Throughout the year, the AMF monitors operators and uncovers scams, then issues warnings about illegal companies, many of which are involved in scams and scams.

italian financial regulator

CONSOB also falls into the category of those regulators who are on the lookout for operators who are not trustworthy and whose traders should be wary. The Italian supervisory authority has just issued a press release warning against 4 brokers, namely Trade 24, Oxford Markets, Global Trading Solutions and UBroker.

Brokers to be wary of

When organizations such as CONSOB issue warnings, traders should pay attention. This time, they must be wary of four online brokers. On the one hand, there are three brokers specialising in forex and another operating in the binary options market, and traders should stay away from the traders mentioned above.

It should also be noted that UBroker has already been singled out by other organisations, in this case the English FCA but also by the Cypriot entity, CySEC. It is also a site on the AMF’s blacklist. Behind UBroker, there would be a real scam.

At the same time, there are many reliable and duly regulated brokers. These include Interactive Option, 10Trade, TopOption, AnyOption and many others. With these serious operators, online trading goes smoothly and investors stay away from scams and other fraudulent activities.