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FXNobels is Blacklisted Once more, this time by CONSOB

It’d solely be Monday, however already regulators have warned towards a collection of suspected scams. Over in Italy, monetary regulator the Commissione Nazionale per le Società e la Borsa (CONSOB) has posted a warning towards two entities working throughout the overseas change (foreign exchange) buying and selling house, together with FXNobels.

The 2 warnings are for Glencoe Companions Ltd and Velmon Enterprise Ltd. In line with CONSOB, the 2 entities that are providing funding companies and actions to residents throughout the nation are in violation of Italian regulation.

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As highlighted by the regulator, Glencoe Companions Ltd is providing its funding companies via its buying and selling names FXNobel and FXNobels via two web sites: https://www.fxnobel.com/ and https://www.fxnobels.io/. Because the title suggests, the entity claims to offer foreign currency trading via the 2 web sites.

Particularly, the corporate states on the web site for FXNobels: “FXNobels is a Foreign exchange Brokerage that permits prospects to commerce Foreign exchange, Shares and Cryptocurrencies on-line. We consider that everybody ought to have entry to the world’s largest monetary market, and we’re right here to coach and help our clientele.”

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FXNobels is Blacklisted by the MFSA

As Finance Magnates beforehand reported, the Malta Monetary Providers Authority added an entity by the title of FxNobels to its warnings checklist earlier in January, which may very well be the identical agency.

The opposite warning, which matches to Velmon Enterprise Ltd, is regarding the buying and selling companies it provides by way of its buying and selling title FxTradingPro. By its web site www.fxmarketpro.io, the entity claims to be a number one on-line buying and selling supplier.

“With one Fx Market Professional account, merchants can commerce over 175 merchandise starting from Currencies, Commodities, Indices and Shares to make use of their desktop, pill or smart-phone gadgets,” FxTradingPro claims.

Regardless of the claims from the 2 entities that they’re reliable firms, due to CONSOB’s warning, it’s a good suggestion to keep away from coping with both of those companies.

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