Italy’s Consob Blocks Five Unauthorized Investment Websites in New Enforcement Action

Italys financial regulator Consob has ordered internet service providers to block access to five investment websites that were found to be operating without authorization, marking the first public enforcement action of this kind announced by the authority in 2026.

The regulator said the websites were offering or promoting financial services to Italian users without holding the required licenses. Under Italian and EU financial law, investment platforms must be properly authorized and supervised before they can legally provide services to the public.

Platforms Affected by the Blocking Order

Consob confirmed that access will be restricted to the following brands and their related trading portals:

• CCBIGLOBAL
• Torotrades24
• Partners-Swiss
• Wallwood Capital Management Limited (operating as Privanet Securities)
• AurosAi

Internet service providers in Italy have already begun implementing the blocks, although full enforcement may take several days due to technical procedures.

Long-Term Campaign Against Online Investment Scams

Consob has held the power to order website blocks since 2019, when new legislation expanded the regulators ability to act directly against unauthorized financial intermediaries. Since then, more than 1,500 investment-related websites have been shut down in Italy for operating illegally.

Despite regular enforcement actions, regulators continue to warn that fraudulent platforms often reappear quickly under new domain names, making real-time verification an essential step for investors.

How You Can Protect Yourself as a Trader

If you trade forex, CFDs, or crypto products, incidents like this are a clear reminder to check a platforms background before opening an account or transferring any funds. Many unlicensed websites look professional and advertise aggressively, which makes it harder to tell legitimate brokers from risky or fraudulent ones.

Before you trade, you can use the WikiFX App to search a brokers name and quickly review key information such as: regulatory licenses, company background, risk alerts, and real user complaints or exposure reports. These checks take only a few seconds but can help you avoid much bigger losses later.

WikiFX also offers activities through its Points Mall, where you can earn points by checking brokers, reading risk alerts, and completing daily tasks, then redeem those points for real physical gifts inside the app. Its a simple way to stay informed while getting rewarded for safer trading habits.

With online investment scams becoming more sophisticated, taking a moment to verify before you trade is one of the easiest ways to protect your capital.