Italy’s financial markets regulator Consob has been quite active in issuing warnings against unauthorized Forex and binary options brokers targeting Italian investors.
The latest addition to the Warning List is StoxMarket, operating though https://www.stoxmarket.com. The company is offering a variety of online trading services, including Forex trading on MT4.
Its contact page provides addresses of two companies: Marketier Holdings Limited, with an address in the Commonwealth of Dominica; and Profitier Limited, with an address in England. Regarding the latter, it is worth noting that the Register of the Financial Conduct Authority (FCA) showed no results for Profitier.
Italy’s Consob notes that Marketier Holdings Limited and Profitier Limited are not authorized to provide investment (or associated) services to Italian residents in any way, including via www.stoxmarket.com.
To view the warning from Italy’s regulator, click here.