Italy’s CONSOB blocks entry to web sites of FXCrue and FXG Markets Funding

Italy’s Corporations and Trade Fee (CONSOB) has ordered the blocking of entry to 6 new web sites that provide monetary providers illegally.

The web sites focused by the most recent set of orders are:

  • Xtbco Ltd (web site https://xtbco.com and associated pages https://shopper.xtbco.com and https://webtrader.xtbco.com);
  • “FXCrue” (web site https://fxcrue.com and associated pages https://webtrader.fxcrue.com and https://shopper.fxcrue.com);
  • “Sgbfinancesa.io” (web site https://sgbfinancesa.io and associated pages https://shopper.sgbfinancesa.io and https://webtrader.sgbfinancesa.io);
  • “Ariel System” (web site https://arielsystem.professional);
  • “FXG Markets Funding” (web site https://fxgmarkets.com and associated web page https://my.fxgmarkets.com);
  • Hyperlink Monetary Restricted (web site www.linkfinancialltd.com).

In issuing the orders the Authority availed itself of the powers deriving from the “Decreto crescita” (“Progress Decree”; Legislation no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), on the premise of which Consob can order Web service suppliers to dam entry from Italy to web sites providing monetary providers with out the right authorization.

The variety of web sites blacked out since July 2019, when Consob received the facility to order that the web sites of fraudulent monetary intermediaries be blacked out, has thus risen to 983.

The black-out of those web sites by Web service suppliers is ongoing. For technical causes, it might take a number of days for the blocking to grow to be carried out.



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