Italian financial watchdog CONSOB warns against FXTrading Corp

Discussion in 'Forex Brokers' started by mlawson71, May 4, 2020.

  1. mlawson71


    Despite the tragedy that has struck Italy the Italian financial regulator CONSOB continues doing its work.

    Recently the agency warned about yet another fraudulent forex company, named FXTrading Corp. The company in question Is not registered and as such was added to the warning list of Commissione Nazionale per le Societa e la Borsa (CONSOB).

    The fraudulent broker operates via a website where it does not even bother with providing a contact address.

    It claims it is providing the MetaTrader 4 trading platform and promises a big leverage standing at 1:200 (something which is banned on EU territory, by the way) as well as floating spreads.

    Bucketshops always seem to come up with painfully unoriginal names. FxTrading Corp? It may as well have been Scam Inc.
    d08 and Atikon like this.
  2. good to know, thanks for sharing
  3. mlawson71


    You're welcome! Scammers are so common, unfortunately, it's good to be aware of new warnings, I think.