Italy’s CONSOB Blocks Five Illegal Investment Sites
CONSOB orders the blocking of five unauthorized investment websites in Italy as part of its ongoing effort to curb financial fraud and protect investors.
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Abstract:In today’s forex market, to attract more traders’ attention, many brokers are also trying to find new ways to promote their brands. Among them, cross-border cooperation is becoming a popular way for many larger brokers to promote their brands. In Today's article, WikiFX lists five brokers who have recently partnered with famous sports stars.

1. TMGM
TMGM, also named Trademax Global Markets, is an online forex broker founded in 2013. It is an Australia-based global forex broker, committed to creating a fair and transparent trading environment for its global clients. TMGM provides clients access to sophisticated MT4 and MT5, Iress, and HubX trading platforms for trading multiple tradable assets, such as CFDs on forex currency pairs, commodities, indices, metals, energies, cryptocurrency, and shares.
This is not the first time TMGM collaborated with sports stars. Gianluigi Buffon, one of the most celebrated goalkeepers in history, has become TMGM's newest trading ambassador. Buffon has a great influence on the football field. TMGM's partnership with Buffon will bring TMGM's reputation to the next level in the forex trading markets.


2. AvaTrade
Founded in Dublin, in 2006. AvaTrade is a regulated online broker. Having 16 directly-affiliated branches, with branches in five continents around the world. It is a big size and reputable broker offering various financial instruments to its clients globally.
AvaTrade has announced its new partnership with global sporting icon and eight-time Olympic gold medallist Usain Bolt to become its new official Brand Ambassador. Usain Bolt is the winner of 19 Olympic and World Championship gold medals.
For more information, check the link below.
https://www.wikifx.com/en/newsdetail/202206238214468280.html

3. GemForex

GemForex announced on Friday that it has inked a multi-year partnership deal with football icon David Beckham, making him the brand ambassador of the forex and CFDs broker.
Beckham is a former football player, who played for the England national team for around 13 years. Additionally, he played for several football clubs across England, Europe, and the United States over his long playing career. He is a well-known sports figure with fans across the world and is ranked among the best football players ever.
According to the signed agreement, Beckham will help in promoting the target GemForex brand and its services across Asia。
For more details, pelase read the relevent article via this link.
https://www.wikifx.com/en/newsdetail/202209132544243683.html

4. OmegaPro
Omega Pro is a trending topic in the recent forex market. As an online broker founded in 2019, Omega Pro offers a wide range of products including indices, shares, commodities, ETFs, and options. Omega Pro LTD is believed to be behind Omega Pro, which is headquartered in England. However, many investors are complaining about the Omega Pro rejecting clients withdrawal requests. In addition, according to WikiFX, Omega Pro is not regulated by any regulatory institutions. We suspect that this broker is a scam. Thus, WikiFX has given Omega Pro a very low rating of 1.44/10. Please be aware of the risk.
On September 8, 2022, OmegaPro announced that Colombian football star Faryd Mondragon has officially become the brand spokesperson for the Broker.


5. Olymp Trade
Olymp Trade is a leading international online investment brokerage that provides its clients with access to trading markets while offering a wide range of financial and fiduciary services to a substantial global and diverse audience of individual investors. Founded in 2014, the company maintains operations in over 30 countries worldwide. Please note that this broker is not regulated according to WikIFX.

Click this link for details.
https://www.wikifx.com/en/newsdetail/202206307574932648.html

Conclusion:
Inviting celebrities as ambassador is win-win cooperation. The forex brokers use the influence of celebrities to expand their popularity in certain filed. It can give investors an impression that the broker has deep pockets and is safe to investing.At the same time, the ambassadors get benefits from the brokers.
Except for making partnerships with celebrities, there are a lot of other activities that brokers often use to promote brands, including making partnerships with some companies, holding a series of seminars, etc.
As you can see from our list of brokers, not all brokers who can afford to be their brand ambassadors have high WikiFX scores. The lower the score, the more likely traders are to suffer financially. As an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry, WikiFX can evaluate the safety and reliability of more than 38,000 global forex brokers. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link below (https://www.wikifx.com/en/download.html). Running well in both the Android and IOS systems, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

CONSOB orders the blocking of five unauthorized investment websites in Italy as part of its ongoing effort to curb financial fraud and protect investors.

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