Is DBFX Limited Scam or Reliable? CONSOB Blocks 7 Financial Services Websites


Is DBFX Limited scam or reliable? Italy’s financial regulator CONSOB has issued a notice to block 7 websites for conducting illegal trading services within the country.

October 27, 2020 | AtoZ Markets – The Companies and Exchange Commission (CONSOB), continues to make use of the powers granted to it under the so-called “Growth Decree”. The Italian watchdog announces that it has issued orders for the blocking of access to 16 websites that illegally offer financial services to investors based in Italy.

CONSOB blocks 5 financial services websites including DBFX Limited

The seven illegal websites targeted by the latest set of orders are:

  • 4EX7 Ltd (website www.4ex7.net);
  • Hanabishi Partners Ltd (websites https://investactive.io, https://investactive.cc and its page https://status.investactive.cc);
  • Elevate4x Ltd (websitewww.elevate4x.net)
  • DBFX Limited (website www.dbfxtrades.com);
  • Golden Dawn (IT) (website https://www.ctxholdings.com).

Websites blocked by CONSOB rises

The total number of websites Consob had blocked since it gained its powers back in July 2019, has risen up to 312. Moreover, in ordering Internet service providers (ISPs) to “black out” the websites, the authority refers to the “Growth Decree”. This piece of legislation allows the blocking of access to an illicit financial services website from Italian territory. It, however, takes several days to implement the blocking.

Related: CONSOB Orders Blocking of 16 Illegal Financial Services Websites

Before the “Growth Decree” was implemented, Consob typically counted on warnings in order to protect investors from getting involved with fraudulent investment schemes.

Consob usually updates on the blocking of illegal online trading websites each week. Last week, the regulator ordered the blocking of five websites. These websites are usually operated by entities that offer FX, CFD, and crypto-asset trading services.

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