CONSOB adds EFS Lux to its warning list On July 11, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered EFS Lux’s website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-11-july-2024-abusiveness-/718268

BrokersView has reviewed that EFS Lux is an unregulated broker EFS Lux claims to be regulated by several financial authorities within Europe but fails to provide detailed licensing information to substantiate these claims, raising doubts about its credibility. Our search in the European Securities and Markets Authority (ESMA) register yielded no records to support the company's legitimacy.Additionally, the Italian Companies and Exchange Commission (CONSOB) has ordered EFS Lux's website to be blacked out, stating that it offers financial services illegally in ItalyIn essence, EFS Lux is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.EFS Lux appears to be a scam.

BrokersView has identified that EFS Lux's website is currently offline BrokersView found that the domain "https://www.efslux.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Is EFS Lux really licensed? No, EFS Lux is not licensed.This broker vaguely claims to be multi-regulated but fails to provide solid evidence, such as detailed regulatory information, to prove its legitimacy. While it purports to be managed by EUROPEAN VALUE PARTNERS S.A. in Luxembourg, there are no corresponding records from the relevant financial authorities to support this claim. Additionally, the Italian Companies and Exchange Commission (CONSOB) has issued a warning and ordered the blackout of EFS Lux's website.In light of this, EFS Lux poses substantial risks of fraud and identity theft. For a safer trading environment, it is strongly advised against trading with EFS Lux and instead choosing fully regulated brokers. View Source