CONSOB blacklists two Marshall Islands-based companies

CONSOB blacklists two Marshall Islands-based companies

The Marshall Islands-based companes Silver Wolf Limited and Joshua Limited acting through the websites www.marketspremium.com and capitalmarketsbanc.co been added to the warning list of the Italian financial watchdog Commissione Nazionale per le Societa e la Borsa (CONSOB). CONSOB keeps and updates one of the most comprehensive list of unauthorized financial service providers that are operating illegally in Italy.

The notorious company Silver Wolf Limited operates through numerous broker brands that get blacklisted weekly. The newest is Markets Premium which is registered offshore in the Marshall Island, perhaps the favorite destination for shady brokerages due to the lenient laws of registering a company. Physical presence isn’t requested and the government does not regulate online Forex trading.

The unregulated brokerage provides the MetaTrader 5 platform and extend clients a generous leverage of over 1:100. Furthermore, the website claims to support a number of payment methods, including popular e-wallets.

Joshua Limited operates through the broker brand CMB which is also registered in the Marshall Islands but provides the MetaTrader 4 trading platform. It also claims to support numerous payment methods and has extensive withdrawal fees and conditions. We remind readers that being blacklisted in Forex trading is the most clear-cut sign of trouble and traders should steer clear of any brokerages that end up on the warning lists of European regulators.

 

 

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2 Comments

  1. Where could I get information on BORD LTD Who owns Bormancorp.com, They are register in the MARSHALL ISLANDS too. Are they on the Black List? Thankyou, from Craig Blewitt

    1. Marshall Island companies seem to be scams all of them. Off shore banks always used!

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