As reported by FinTelegram, over the past few years, financial market regulators have warned several times about the unauthorized NewFX broker scheme. A few days ago, the Italian Consob also blocked NewFX's websites for Italian consumers. the active domain is www.newfxtrading.com. NewFX is connected to other offshore brokers, such as DBFX or OnspotBNK, and the FCA-regulated One Financial Markets. We included the broker in our "Red Compliance" list!
On 20 April 2023, the Italian regulator Consob announced that it ordered four illegal financial websites to be blacked out. The total number of black-out orders increase to 879. The Italian financial watchdog has the authority to order ISPs to inhibit access from Italy to illegal financial websites. So far, the Italian regulator is, unfortunately, the only one in Europe with this authority. Below are the websites Consob has ordered to be blacked out:
On 2 March 2023, Italian regulator Consob announced that it ordered six abusive financial websites to be blacked out. The total number of black-out orders increase to 845. Consob has been authorized by the so-called “Growth Decree” to order ISPs to inhibit access from Italy to illegal financial websites. The black-out by Italian Internet service providers is ongoing, but it can take several days for the black-out to come into effect. Below are the websites Consob has ordered to be blacked out: