CONSOB warns against Spot2Trade, FXCMarkets, PipsFX

CONSOB warns against Spot2Trade, FXCMarkets, PipsFX

- in All News, Warnings
CONSOB Italy

Italy’s financial markets and services regulator CONSOB has warned against two unregulated forex brokers and a binary options broker: PipsFX, FXCMarkets and Spot2Trade. Neither of them is licensed to perform investment activities and services in Italy.

PipsFX is allegedly owned by Keyds Lydya Ltd registered in Marshall Islands and operates from the site www.pips-fx.com.

FXCMarkets is owned by a company of the same name and claims to be based in UK. It operates from the site fxcmarkets.com and explicitly says it does not take clients from Italy or the EEA (EU+Norway, Iceland and Liechtenstein).

Spot2Trade is a binary options broker, claiming to be based in the UK and operating from the site www.spot2trade.com.

Neither of the companies provide regulatory information and neither has appeared in a warning list.

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