CONSOB, Italy's financial market regulator, has banned eight new websites that illegally offer financial services and products, seven of which are illegal financial intermediaries and one of which offers financial products without a prospectus.

In accordance with the rights granted by the Growth Decree, Article 36 (2) of Decree No. 58 of June 28, 2019, and Article 4 (3) of Decree No. 8, CONSOB has the right to ban illegal financial intermediation websites and websites that illegally offer financial products.

Details of the seven illegal financial intermediary websites are as follows:

SwissFX Bank Limited (web site: website www.swissfxbank.live, phase locked pages: https://platform.swissfxbank.live).

Jkcforex Group Limited (www.jkcforex.com, relevant web pages: https://client.jkcforex.com).

Axicapitals (www.axi-capitals.com, https://platform.axi-capitals.com);

CRYPTONEYX" (www.cryptoneyx.net);

Vantage Global Limited (www.vantagefx.com, www.vantagemarkets.com, relevant web pages: https://secure.vantagemarkets.com).

N 26 PTY LTD/" Binanfx "(web site: www.binanfx.com, relevant web pages: https://account.binanfx.com).

The Digitalcurrency Exchange (https://digitalcurrency-exchange.uk/? a=home).

CONSOB was given the power to ban fraudulent financial intermediary networks in July 2019. So far, the number of illegal websites blocked by the regulator has risen to 833.

CONSOB has ordered the ban on illegal websites. But for technical reasons, the ban could take several days to take effect.

CONSOB warns investors to make informed investment choices, to investigate websites offering financial services, to check in advance whether the investment operators they work with are legally authorised, and to ensure that the financial products they offer have published prospectuses.