CONSOB warns against Ayrex, Stoxmarket, Trade12 and others

The Italian financial regulator has published warnings about six new binary options, cryptocurrencies and Forex brokers.

The brokers are soliciting residents of Italy, but they are not authorized to do so, since they are not regulated.

The brokers are often based offshore or are hiding their real addresses. These brokers are:

  • Ayrex
  • Gallant Finance
  • Novatrades
  • Trade12
  • Instafx24
  • Stoxmarket

For trading we recommend using regulated brokers only.