Italy’s Consob blacklists unauthorized FX brokers Axa Asset Ltd, Bank and Capital


Italy’s Commissione Nazionale per le Società e la Borsa (Consob) has just published a warning to investors regarding two unauthorized Forex brokers: Axa Asset Ltd and Bank and Capital. The two companies are soliciting clients in Italy without having the proper licenses from the Italian authorities to do so, the watchdog says.

Axa Asset Ltd offers its services via www.hcifund.com. The broker is targeting clients in Europe and the Middle East, without any particular information about licenses. The contact information says “worldwide located”.

Bank and Capital operates via www.bankandcapital.com and seeks to attract Forex traders who speak English, Italian and/or French. In addition, the company presents itself as a leading brand in the area of binary options trading. The contact address is in London. LeapRate’s check, however, has shown that Bank and Capital does not have any registration with the UK’s Financial Conduct Authority (FCA).

Italy’s watchdog reminds investors to be cautious when it comes to the regulation of investment companies and to shun any business with unauthorized brokers.

To view the original warning by Consob, click here.

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Italy's Consob blacklists unauthorized FX brokers Axa Asset Ltd, Bank and Capital

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