CONSOB warns against Swiss Capital FX

CONSOB, the Italian financial regulator, has ordered Swiss Capital FX to cease operations in Italy.

Swiss Capital FX is a broker that allows its clients to trade Forex, cryptos, commodities and share in a indirect way through contracts for difference.

The broker, which is run by Swiss Capital Group, is allegedly based in the UK. But even if UK brokers have to be regulated, Swiss Capital FX is not.

Despite this fact it is targeting Italy among other countries. This is why the CONSOB ordered the broker to stop this activity.

For trading use regulated brokers.

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