Home -

Main body -

WikiFX Express

ProtechFx and PrimusForex websites are blocked by Italy's CONSOB

WikiFX | 2023-07-18 18:13

Abstract：Italy's Companies and Exchange Commission (CONSOB) has taken decisive action against illegal investment websites, issuing orders to block access to four platforms involved in unauthorized financial services.

Italy's Companies and Exchange Commission (CONSOB) has taken decisive action against illegal investment websites, issuing orders to block access to four platforms involved in unauthorized financial services.

The websites affected by the latest CONSOB orders include:

“FP Europe”
“PrimusForex”
“ProtechFx”
“Trezocapital”

To execute these orders, CONSOB leveraged the powers granted by the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-tendencies). This provision empowers CONSOB to direct Internet service providers to block access from within Italy to websites offering financial services without the necessary authorization.

The recent enforcement brings the total count of blacklisted websites since July 2019, when CONSOB acquired the authority to order the blocking of fraudulent financial intermediaries' websites, to 923. CONSOB routinely issues such orders to safeguard investors from potential scams. Notably, the regulator recently ordered the black-out of the FX Modex and Binetrix websites, further reinforcing its commitment to curbing illegal financial activities.

While the implementation of the access blockage is ongoing, the process may take several days to become fully effective due to technical considerations involved in coordinating with Internet service providers operating in Italy.

About Primus Forex

Primus Forex is a newly established broker. This broker, according to WikiFX, does not hold a regulatory license. And WikiFX has given Primus Forex a low score of 1.05/10.

About ProtechFX

ProtechFX is an Australia-based broker. According to what we know from WikiFX, this broker is not regulated either. Investing in this ProtechFX is fairly risky. WikiFX has given this broker a low score of 1.38/10.

Forex news

Related broker

Not Regulated

ProtechFX

Company name：ProtechFX

Score

1.64

Website：https://www.protechfx.com/?lang=en

5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.64

Monisha Chakraborty Appointed as RB Executive Director: What Does This Mean for India's FX Market?

The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026; she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department. Chakraborty is a career central banker with over three decades of experience in Supervision, Foreign Exchange, and Government and Bank Accounts, and previously served as Banking Ombudsman. This report explains the significance of the new RBI Executive Director appointment for forex regulation India, the scope of the Foreign Exchange Department and the Financial Markets Regulation Department, and what authorised persons, banks, and forex market participants should monitor as the new ED takes charge.

Original 2026-08-06 20:10

Moneta Markets Receives UAE Category 5 Licence

Moneta Global Financial Services LLC has received a Category 5 licence from the UAE Capital Market Authority, establishing a regulated structure for the company’s activities in the country.

Original 2026-08-06 13:34

Perry Warjiyo Resigns: Why the Rupiah Moved Above Rp18,000 per US Dollar

Perry Warjiyo resigned as Bank Indonesia governor, Destry Damayanti became acting governor, and the rupiah traded above Rp18,000. Here is what forex traders should monitor next.

Original 2026-07-28 17:03

MT4 White Label Cost in 2026: What Brokers Must Budget Beyond the Platform Fee

The visible fee in an MT4 white label proposal is rarely the real cost of operating it. For an existing broker, the decision is not simply whether an MT4 white label platform is “cheap” or “expensive.” The real question is whether the commercial model remains viable after integration, support, data, client migration, compliance, and exit costs are included. That is why an MT4 white label cost review should be built as a 24- to 36-month operating case. It should compare three credible choices: 1. Keep the present MT4 setup and improve its weakest controls. 2. Replace the MT4 white label provider but retain the client proposition. 3. Migrate selected clients or products to another platform while running MT4 in parallel. This guide explains how to build that case without relying on headline prices or generic vendor claims.

Industry 2026-07-23 21:38