The Italian Securities Commission, Consob, ordered the blocking of five websites that it says provide financial services without authorisation and asked Google and Apple to remove two mobile apps, linked to “Eurotradecfd”, from their distribution platforms for the Italian market. The measures rely on powers introduced by Italy’s 2019 “Growth Decree”, which allow Consob to require internet connectivity providers to prevent access from Italy to websites offering unauthorised financial services. The blocked sites are VT Markets Limited, “Aitrade24”, “Telarax”, “TheToroGlobal” and “Eurotradecfd”, bringing the total number of sites blocked by Consob since July 2019 to 1,413. Consob also reiterated investor warnings to verify that providers are authorised and that offers of financial products and crypto-assets are accompanied by a published prospectus or white paper. Connectivity providers have started implementing the blocks, with effective access restrictions potentially taking several days for technical reasons. The app removal requests cover “Solve Smart” (Android) and “4X News” (iOS).
Italian Securities Commission (Consob) 2025-10-02
Italian Securities Commission Consob orders blocking of five unauthorised financial services websites and seeks removal of two related mobile apps
The Italian Securities Commission, Consob, has ordered the blocking of five websites offering unauthorised financial services and requested Google and Apple to remove two related apps in Italy. These actions are based on powers from Italy's 2019 "Growth Decree," allowing Consob to restrict access to such sites. Consob emphasized verifying provider authorisation and ensuring financial product offers include a prospectus or white paper.