The financial regulator of Italy, CONSOB (Commissione Nazionale per le Societa e la Borsa) has literally blacklisted some of the unregulated brokers today. The list includes EvolutionBrokers and KapitalSwiss. The regulator has also given orders to the internet providers to block access to their websites.
Both the digital currency trading platforms mentioned above are charged to be a part of some kind of investment scam. EvolutionBrokers has been functioning as an offshore broker that has been flagged by the Financial Commission (FinaCom) in the past and KapitalSwiss is seen to be related to scams and fraudulent of Up4X and Easy FX solutions.
Below here are the names of websites which have belong to firms which are not regulated and authorized to render fiscal services in Italy but they target investors of the nation, nonetheless.
1. Orion Consulting Ltd. (www.kapitalswiss.com);
2. Maximus Global Markets Ltd. (https://evolutionbrokers.com);
3. CapitalTechFX (https://capitaltech24.com);
4. Game Capital Ads Limited (https://360worldbtc.com and https://it.360worldbtc.com);
5. ActivBroker Ltd (https://activbroker.com)
It is advisable to all the traders to contract the services of a legit, licensed and regulated broker which follows the number of regulations set by the ESMA guidelines. The avid traders should also go through the names of the legitimate brokers authorized and licensed to offer fiscal services in Italy and target local traders.
Forex trading is highly developed in the nation and a lot of people actively take part in it. However, the major brokerages are licensed and authorized at the other places in Europe. In major cases the FCA in United Kingdom and CySEC in Cyprus regulate the brokers.
It is suggested that you may only go for licensed and regulated trading platforms to avoid getting scammed for your money. As they are not regulated, they are not reliable. Find out about the license and regulation of the broker before investing your money.
Open a demo account and check out the transparency of trades. If you are trading in Italy, then make sure that your broker is licensed by ESMA.