Italy’s Consob warns against binary options broker 55profit

Italy’s financial markets regulator Consob keeps updating its warning list, with the latest addition being 55profit.

55profit, operating from, offers binary options services to English-speaking and Italian-speaking clientele. The latter fact must have drawn the attention of the Italian watchdog.

Consob warns that 55profit is not authorized to offer any investment services in Italy.

The previous warning that Consob issued against an unauthorized binary options broker targeted OptionCM. That warning was published in December 2015.

You can view the full text of Consob’s warning by clicking here.

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