The Italian financial regulator CONSOB has added four brokers to its blacklist.
Although its name suggests otherwise, SwissAZ has nothing to do with Switzerland, the broker is located in Saint Vincent and the Grenadines.
And it has no license whatsoever, it is not regulated. Despite this fact it is targeting customers in countries like Italy, this is why the regulator has warned against it.
Platinium FX is a Bulgarian Forex broker that obviously is seeking clients abroad, because his phone support is in England. The broker is showing awards on its website that it has not won, so it is lying.
The most important thing is that PlatiniumFX is not regulated, it has no authorization to provide investment services.
And again, it is a broker that is not regulated, but still targeting residents of regulated countries like Italy, which has earned him a place on the blacklist of the CONSOB.
Capital GMA is headquartered in Bulgaria and has no license to provide investment services. But it is offering them in Italy among other countries, this is why it is the subject of a warning from the regulator CONSOB.
SwissAZ, PlatinumFX, MarketsFX and CapitalGMA are brokers that were placed on the blacklist of the Italian regulator, because they provide investment services without the necessary authorization.
For trading we recommend using regulated brokers only.