Consob Orders Blackout of 5 Unauthorized Financial Platforms

Italys financial regulator Consob has announced a new enforcement action targeting illegal online financial platforms. On May 30, 2025, the regulator ordered the blackout of five platforms found to be offering financial services without proper authorization.

This measure was taken under the powers granted by Italys Growth Decree (Law No. 58 of 28 June 2019), which allows Consob to request internet service providers to block access to websites operating unlawfully in the financial sector. With this latest action, the number of websites blacked out by Consob since July 2019 has reached 1,336.

Websites Subject to Blackout

The following entities and their associated domains were included in this round of enforcement:

• Pim Mtf Markets Limited

Domains: www.pimmtf.vip, www.pimcmtf.vip, www.pimmtf.ai, www.pimmtf.ltd

• Peaktradeoption

Domain: https://peaktradeoption.com

• Stockwisse

Domains: www.stockwisse.co, https://clientzone.stockwisse.co

• Finanza Expert

Domains: https://finanzaexpert.io, https://clients.finanzaexpert.io, https://trading.finanzaexpert.io

• SteTrading

Domain: https://www.stetrading.online

The implementation of these blackouts by internet service providers is currently ongoing and may take several days to come into full effect due to technical processes.

Why This Matters

Unauthorized financial platforms pose a significant risk to retail investors, often operating without oversight or accountability. Many such websites mimic legitimate institutions, use misleading branding, or conceal their true ownership structures. Once funds are transferred to these platforms, recovery is often difficult or impossible.

Consob continues to urge investors to exercise maximum caution before engaging with any online financial service provider.

How WikiFX Can Help

WikiFX helps users assess the legitimacy of financial service providers by offering:

• Regulatory license checks across jurisdictions
• Risk scoring and business transparency metrics
• Historical user complaints and feedback

Before making any investment decisions, users are strongly encouraged to search and review broker profiles on the WikiFX platform to avoid falling victim to unauthorized or high-risk platforms.