Italy regulator CONSOB warns on three new brokers


Italy’s financial markets regulator National Commission for Companies and the Stock Exchange (CONSOB) has issued a public warning against three new forex brokers. The names can be seen below:

  • Recyclix Sp. Z.o.o.
  • Pel Ltd e Kakao Ltd
  • Lm Swiss Group Ltd

The Italian regulator noted that has adopted a measure prohibiting the offering to the public resident in Italy made by the company Recyclix SP. Z.O.O., regarding investments of a financial nature promoted also through the website www.recyclix.com.

All advertisements related to the offering must consequently be considered forbidden.

The National Commission for Companies and the Stock Exchange, CONSOB also reports that:

  • the companies Pel Ltd and Kakao Ltd are not authorised to carry out investment services and activities in Italy in any way, including through the website www.easyinvestment500.com;
  • the company LM Swiss Group Ltd, operating with the brand “SwissFxTrading” and the website www.swissfxtrading.com, and the company LM Swiss Direct Ltd, operating with the brands “SwissFxTrading”, “SwissFxPro” and “LM Swiss” and
  • the websites www.swissfxtrading.com, www.swissfxpro.com and www.lmswiss.com, are not authorised to carry out investment services and activities in Italy in any way.

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Italy regulator CONSOB warns on three new brokers

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