Home -
Exposure -
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
D prime

Italian Financial Regulator CONSOB Sounds Alarm on Valuta Markets and FXTIME

WikiFX | 2023-04-17 10:01

Abstract:The Italian financial regulator CONSOB has issued a warning against unauthorized forex brokers Valuta Markets and FXTIME for breaching financial laws and engaging in fraudulent activities. The warning serves as a reminder of the risks associated with investing in unregulated forex brokers. Investors can use WikiFX to verify the legitimacy of forex brokers before investing their money and avoid getting scammed.

Italian Financial Regulator CONSOB Sounds Alarm on Valuta Markets and FXTIME.png

With over $6.6 trillion transacted every day, the forex market is a sizable and active sector that has gained popularity around the world. However, this expansion has also prompted the creation of unlicensed forex brokers that take advantage of unwary customers for their own financial benefit. Recently, two of these unlicensed forex brokers—Valuta Markets and FXTIME—were warned about by the Italian financial authority CONSOB. This article will explore the warning's ramifications and how WikiFX can educate the public on how to avoid investing with unlicensed forex brokers and falling for scams.

The Italian financial regulatory agency CONSOB has identified Valuta Markets and FXTIME as illegal forex brokers. The CONSOB warning is meant to prevent Italian investors from working with unlicensed forex brokers that promise improbable profit margins and use unethical trading techniques. Both brokers have been charged with violating Italian financial regulations and participating in dishonest practices including deceiving investors and providing services without a license.

VALUTA MARKETS

valuta_markets_wikifx (1).png

FXTIME

FXtime_wikifx (1) (1).png

Numerous unregulated forex brokers, including Valuta Markets and FXTIME, entice unwary clients with promises of great profits on investment just to disappear with their hard-earned money. Unauthorized brokers often use get-rich-quick schemes to prey on weak investors, such as individuals with no experience in the forex market and little funds. As a result, a lot of investors have lost money to these dishonest brokers, which has caused a financial disaster and a decline in faith in the currency market.

Since July 2019, when Consob gained the authority to request that the websites of dishonest financial intermediaries be blacked out, 875 websites have been blocked.

Therefore, it is crucial to do your research before investing in any forex broker. WikiFX is one such tool that may help investors make educated judgments. WikiFX is a worldwide portal for forex research that gives investors useful information about forex brokers, such as their regulatory status, trading history, and client testimonials. Investors may avoid making investments with unlicensed and unregulated forex brokers by using the WikiFX platform to confirm a broker's validity.

More than 40,000+ forex brokers from across the world are included in WikiFX's database, including those licensed by organizations like the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Australian Securities and Investments Commission (ASIC). To find individual brokers, investors may search the database, verify their regulatory status, and read client reviews.

Additionally, investors may use the WikiFX online community to communicate with other investors and discuss their experiences working with various forex brokers. The forum gives investors the chance to benefit from the experiences of others and establish wise judgments based on practical knowledge.

The services offered by WikiFX go beyond just giving data on forex brokers. Additionally, the portal provides instructional tools including market research, trading tactics, and news about the currency market. Investors may remain current on currency market developments and make wise selections by using these tools.

In conclusion, investors have a great chance to make significant gains by trading on the currency market. Doing your research before investing in a forex broker, however, is essential. The latest CONSOB warning against unlicensed forex brokers Valuta Markets and FXTIME serves as a reminder of the dangers of doing business with such brokers. Before depositing their money, investors can utilize resources like WikiFX to confirm the validity of forex brokers in order to prevent being conned. Investors may use this to safeguard their capital and actively engage in the currency market.

Download the install the WikiFX App on your smartphone to stay updated on the latest news.

Download the App: https://social1.onelink.me/QgET/px2b7i8n

Footer-New.jpg
Scam AlertFraud AlertLearn basic forexForex tradingForex BrokerForex newsDealerBrokerknowledgeBasic forex knowledge

Related broker

Unverified
FXTIME
Company name:FXTIME
Score
1.51
Website:https://fxtime.io/
5-10 years | Suspicious Regulatory License | Suspicious biz area | Suspicious Overrun
Score
1.51
No Regulation
Valuta Markets
Company name:Odin Network Ltd
Score
1.44
Website:https://valutamarkets.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.44

Read more

FXPRIMUS SCAM Alert: 5 Reasons Why Traders Are Backing Off

At first glance, FXPrimus appears to be a reputable broker. Its website looks polished and professional, giving the impression of trustworthiness. However, behind this sleek appearance lies a concerning reality. The broker has numerous complaints registered against its name—a series of red flags that you simply can’t afford to ignore. In this article, we’ll tell you the reasons why traders are backing away from FXPrimus.

Original 2025-08-29 20:07

Forex Trading Options: Definition, Importance, Benefits & Key Insights

Want to invest in forex trading options? You should first learn the concept of foreign exchange options. A lot of traders remain unaware of it. Forex options serve as a great tool for investment diversification and hedging of a spot position. They can also be used to predict short or long-term market views as opposed to trading in the currency spot market.

Original 2025-08-29 19:20

Think Twice Before Trading with AZAforex – Here’s Why

Brokers often show only their attractive side. They highlight their features, bonuses, and promises of high returns to gain your trust. But behind the scenes, there can be a darker reality they don’t talk about. AZAforex is one of those brokers. We found many red flags during our research about it. All five major warning signs are revealed in this article! Read until the end.

Original 2025-08-29 19:19

What is Equity in Forex Trading - An In-depth Guide Awaits You!

Wondering what does equity mean in forex trading? You are at the right place! It simply indicates the traders the capital they have currently to trade. Equity is arrived at after adding current profits to the trading balance. In case the trade witnesses losses, they will be subtracted from the trading balance. Upon the closure of all trades, your trading balance is your equity.

Original 2025-08-29 18:08

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
D prime

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
ZFX

ZFX

Regulated
GMI

GMI

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
ZFX

ZFX

Regulated
GMI

GMI

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
ZFX

ZFX

Regulated
GMI

GMI

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
ZFX

ZFX

Regulated
GMI

GMI

Regulated

Latest News

Top Reasons Why You Should Not Partner with Tradovate for Forex Trading

WikiFX
2025-08-28 20:05

Scam Alert: 7 Suspicious Brokers Banned by Trusted Authority

WikiFX
2025-08-28 19:41

Find Out Why Trade Nation Is Facing Backlash from Users

WikiFX
2025-08-28 20:07

Your Broker Just Got Flagged? Suddenly Your Forex Broker Looks Dodgy? Don’t Panic, Do This

WikiFX
2025-08-28 20:50

What Is Hedging in Forex? A Comprehensive Guide for Traders

WikiFX
2025-08-28 16:16

Tradu Speeds Up Digital Trading Platform Overhaul

WikiFX
2025-08-28 15:21

Alert Malaysian Traders: Trade These 5 Currency Pairs or Miss the Real Moves

WikiFX
2025-08-28 18:11

Investment Scam Alert: Deepfake Video Shows Indian FM Endorsing QuantumAl

WikiFX
2025-08-28 17:26

Max Global FX Exposed: Traders Cry Foul Over Withdrawal Issues & Fake Guaranteed Profit Claims

WikiFX
2025-08-28 18:52

PU Prime Launches Leverage Flex for Copy Traders

WikiFX
2025-08-29 15:53

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

iHsan Partners

iHsan Partners

matrix-benefits

matrix-benefits

Odeone Finance Investment

Odeone Finance Investment

Portflowtrade

Portflowtrade

Quantum Ledger Trade

Quantum Ledger Trade

Salford & Co

Salford & Co

Shogun Markets

Shogun Markets

STRATEGIC ADVISERS

STRATEGIC ADVISERS

GlobalBitProfitFx

GlobalBitProfitFx

Globalforextrade

Globalforextrade