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:Powered by WikiFX: (GOLD, EUR/USD, GBP/USD and USD/JPY) Technical Analysis August 07 , 2023
Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.





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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.

For traders asking, "Is ZarVista legit?", the evidence points to a clear and strong conclusion: ZarVista operates as a high-risk broker. While it shows a modern interface and different account types, these features are overshadowed by major weaknesses in how it is regulated, a history of legal problems, and many user complaints. This article will break down these issues to give you a complete view of the risks involved. Our analysis shows that the chance of losing capital when dealing with ZarVista is very high. The combination of weak overseas licensing and documented problems creates a situation where trader funds are not properly protected.

Despite holding a recognized license in Hong Kong and maintaining a seemingly high score on some metrics due to its establishment year, the broker JRJR (金荣中国) has become the subject of an alarming volume of trader complaints. In the last three months alone, WikiFX has received over 141 individual complaints. The core risk isn't just market volatility—it is a systematic pattern of behavior that suggests trading conditions may be manipulated to ensure client losses, coupled with a refusal to process withdrawals for profitable accounts.

ZarVista changed its name from ZaraFX in September 2024. It claims to be a worldwide broker offering various services. It offers the popular MetaTrader 5 (MT5) platform, high leverage of up to 1:500, and various account types tailored to different traders. However, when we look closer, we find many serious risks that anyone thinking about using it should know about. The main problem is how it's regulated - it operates in offshore locations that don't watch financial companies very closely. This gets worse when you add the many user complaints about problems getting their money out, plus a serious legal investigation by Indian authorities in 2025. This review will break down these problems and give you a clear picture of this broker. You need to do careful research, and we suggest you check any broker's current regulatory status and user reviews yourself. A tool like WikiFX can give you current information and important risk warnings.