LONGSHARK Flagged as Unauthorised Broker, Faces Access Restrictions in Italy

LONGSHARK, a trading platform operating under the domain longsharks.com, has recently drawn regulatory attention after being identified as an unauthorised broker. According to publicly available information, the platform does not hold any recognised financial licence and has been subject to regulatory action aimed at limiting investor exposure.

Score & Regulation Status

Data from WikiFX shows that LONGSHARK currently carries a score of 1.11 out of 10, reflecting significant concerns across key assessment categories. The platform is marked as “No Regulation”, with additional flags indicating a suspicious scope of business and questionable regulatory claims.

Notably, WikiFX also reports that LONGSHARK does not provide any verified trading software, a critical component for any legitimate brokerage operation. The absence of licensed trading infrastructure further undermines the platforms credibility and raises questions about how, or whether, trades are actually executed.

Lack of Authorisation and Regulatory Standing

Beyond its low rating, LONGSHARK has been formally classified as an unauthorised website by regulators. Authorities have determined that the platform is offering investment-related services without the necessary legal approval, placing it outside the regulated financial system.

As a result, regulatory bodies have moved to order the blocking of access to the LONGSHARK website within their jurisdictions, a step typically taken when a platform is deemed to pose potential risks to the public.

Such access restriction measures are designed to prevent further onboarding of users and to limit the reach of unlicensed financial services. While technical implementation may take time, the issuance of a blocking order itself signals serious regulatory concern.

Key Findings at a Glance

Based on available information from WikiFX and regulatory disclosures:

• LONGSHARK holds no valid financial licence
• The platform shows no evidence of approved trading software
• Its WikiFX score stands at 1.11/10
• It has been flagged as an unauthorised entity
• Authorities have ordered restrictions on access to its website

Why Independent Verification Matters

Cases like LONGSHARK highlight the importance of independently verifying a brokers regulatory status before engaging with any online trading platform. In an environment where professional-looking websites can be launched quickly, surface-level presentation alone is no longer a reliable indicator of legitimacy.

Platforms such as WikiFX compile regulatory data, licence records, and operational details from multiple jurisdictions, helping users identify whether a broker is authorised, how long it has operated, and whether basic infrastructure — such as trading software — is in place.

While no single tool replaces due diligence, access to consolidated, transparent information can help market participants better understand the regulatory standing of platforms like LONGSHARK before making any decisions.