The Italian financial watchdog Consob has ordered the blackout of six illegal financial websites. These are all illegally operating broker scams. The new order brings the total number of websites blacked out since Consob’s authorization came into effect to 989. Unfortunately, other regulators in the EU do not currently have the authority to have websites blacked out. However, this would definitely be worth considering.
First of all, we would like to thank the whistleblowers who drew our attention to the unauthorized and hidden broker Forexelite. If you unfortunately find your way to the domain Forexelite.co, you will be greeted in the Elite Club and will not realize at first that this is a broker. You can only access the website with a VIP code. Thankfully, the whistleblowers have provided us with such a code and we were able to review. As a result, we have placed Forexelite on our black compliance list and issue a warning.