Broker Review

Unauthorised Firm Details

Name: 2139.lol
Website: 2139.lol

2139 Exchange (2139.lol) claims itself as a platform for Trading. 2139 Exchange has recently raised red flags due to warnings issued by “Italian Companies and Exchange Commission (CONSOB)” which is the Regulatory Authority of Italy.

On 11th October of 2024, The Italian Companies and Exchange Commission (CONSOB) ordered 2139 Exchange’s website to be blacked out since it offering financial services illegally in Italy. These warning confirmed that the 2139 Exchange is running as a unregulated and unregistered firm.

Also during our investigation we found that, 2139 Exchange falsely claiming to be registered with the Accounting and Corporate Regulatory Authority (ACRA) and the U.S. Securities and Exchange Commission (SEC). We have checked & confirmed that it is not currently registered with either of those authorities. This fraud claim by itself enough proof that they are doing some shady business.

On the contrary the company purports to have MSB registration with the Financial Crime Enforcement Network (FinCEN), it’s essential to note that this registration doesn’t constitute an endorsement or authorization from the government. Without valid evidence of proper licensing, 2139 Exchange is totally an unlicensed trading platform.

Upon further investigation we also found that the domain 2139.lol is registered on 26th August of 2024 only for a year. Also noticable fact is that the company haven’t provided any information for domain Registry. We also got several reports of fraudulent activities thoroughout our investigation and there are many more reports on verified reviews websites. To be logical .lol domain for a serious business is a laughing stock by itself.

• Blacklisted by regulators: The website has been blacklisted by the Italian Companies and Exchange Commission (CONSOB) for illegally offering financial services.
• Withdrawal issues: Numerous users have reported being unable to withdraw their invested money. They are often told they need to complete an unreasonable “300% trading volume” or pay a 30% withdrawal fee, after which they are still denied access to their funds.
• False claims of regulation: 2139 Exchange falsely claims to be regulated by official bodies like the U.S. Securities and Exchange Commission (SEC) and the Financial Crime Enforcement Network (FinCEN). Investigations have confirmed these claims are false.