Italy’s Regulator CONSOB Warns Against FTE FX and RMT500

Italy’s financial regulator did more than publish a warning about the businesses associated with FTE FX and RMT500. CONSOB ordered internet-service providers to block access from Italy to websites it said were offering financial services without the required authorization.

The regulator’s records identify the FTE FX website as www.ftefxpro.com, associated with Ace Capital Ltd. They identify RMT500 as Rmt 500 Ltd or RMT 500 Ltd, although CONSOB used two different spellings for the domain in its separate notices.

#	Preview	Product	Price
1		NEO CHAIR Office Computer Chair Ergonomic Mid-Back Mesh Desk Chair, Black	$39.98	Buy on Amazon
2		OLIXIS Armless Home Office Chair, Ergonomic Small Desk Chair	$50.81	Buy on Amazon
3		DUMOS Home Office Chair, Ergonomic Lumbar Support Desk Chair	$33.96	Buy on Amazon
4		NEO CHAIR Office Desk Chair High Back Mesh Chair Adjustable Lumbar, Black	$58.42	Buy on Amazon
5		NEO CHAIR Home Office Desk Chair Ergonomic Mesh with Lumbar Support, Black	$44.42	Buy on Amazon

What CONSOB ordered

On January 24, 2020, CONSOB announced that it had ordered Italian internet-connectivity providers to block seven websites offering financial services abusively. The power came from Article 36(2-terdecies) of Law No. 58 of June 28, 2019, commonly known as the Decreto Crescita or Growth Decree.

This was an access-blocking measure, not simply a consumer alert. CONSOB said the technical process could take several days to become effective. The January announcement listed seven websites across six entries, because the “Local Trader” entry included two separate websites.

#1 Best Overall

NEO CHAIR Office Computer Chair Ergonomic Mid-Back Mesh Desk Chair, Black

• Ergonomic Backrest – High-quality breathable mesh provides airflow while integrated lumbar support promotes healthy posture and lasting all-day comfort.
• Supportive Seat – Resilient sponge cushioning with fabric finish supports the lower half of the body for improved comfort in extended sessions.
• Durable & Reliable – Sturdy metal base and gas lift deliver strong support up to 250 lbs, while an internal wood structure helps maintain shape and stability for long-lasting performance.
• Customizable Features – Easily adjust height, tilt, and 360-degree swivel to match your needs, giving you full control over your ideal seating position.

$39.98

Buy on Amazon

For investors, the practical point is straightforward: the websites named in the orders were not authorized to provide the relevant financial services in Italy. A block can make a website harder to reach, but it does not by itself settle whether a particular customer lost money or establish a court finding of fraud.

What the official record says about FTE FX

“FTE FX” is the trading brand or website name commonly associated with the matter. In its primary January 2020 release, however, CONSOB did not name a company called “FTE FX Ltd.” It named:

• Company: Ace Capital Ltd
• Website: www.ftefxpro.com

A precise description is therefore that CONSOB ordered the blocking of www.ftefxpro.com, associated in the notice with Ace Capital Ltd. Calling the legal entity “FTE FX Ltd” would not match the company identification in that CONSOB release.

RMT500 appeared in two CONSOB actions

RMT500 was not first mentioned by CONSOB in January 2020. It had already appeared in an earlier action.

Rank #2

OLIXIS Armless Home Office Chair, Ergonomic Small Desk Chair

• Ergonomic Y-Shaped Mesh Backrest: To match your spine's curve, the Y-shaped backrest distributes pressure evenly. The breathable mesh design allows continuous airflow to prevent heat buildup. Stay cool through extended remote work or study sessions
• Comfortable Seat, Easy Cleanup: This high-density foam seat delivers exceptional comfort and support. The outer cover is fully removable and machine washable to stay fresh. With a wide seat, this versatile rolling chair ensures a perfect fit for anyone
• Smooth Pneumatic Height Adjustment: A responsive pneumatic lever lets you fine-tune the seat height instantly, creating an ideal ergonomic setup. It reduces daily body tension by keeping your screen at the proper eye level, perfect for various places
• Stable and Quiet Mobility: The reinforced base passed strict BIFMA safety standards for long-term reliability. Five whisper-quiet, 360-degree rolling casters glide smoothly across hardwood, tile, and carpet without scratching floors
• Space-Saving & Easy Setup: The armless silhouette allows the chair to tuck neatly under any standard desk, freeing up valuable floor space in small offices and dorms. Featuring pre-labeled parts and an illustrated manual, it ensures a quick assembly

$50.81

Buy on Amazon

The spelling difference matters. The November notice uses rmt500.com, while the January notice uses rtm500.com. The two addresses should not be silently treated as though CONSOB printed the same URL in both documents.

The UK Financial Conduct Authority also published a warning headed “RMT500 / RTM500.” Its warning listed both domain spellings and described the operation as an unauthorized clone firm. The FCA warning was first published on December 2, 2019, and last updated on November 21, 2020.

Timeline of the regulatory actions

1. November 20, 2019: CONSOB issued Resolution No. 21153 concerning Rmt 500 Ltd.
2. November 22, 2019: CONSOB announced that access to rmt500.com was being blocked in Italy as part of an action involving five websites.
3. January 24, 2020: CONSOB announced a further blocking action involving seven websites, including www.ftefxpro.com and www.rtm500.com.
4. November 21, 2020: The FCA’s RMT500/RTM500 warning received its last-update date.

What “unauthorized” means

CONSOB’s releases establish that the named businesses or websites were offering financial services in Italy without the authorization required for that activity. That is a serious regulatory finding, but it is narrower than a criminal or civil fraud judgment.

The cited CONSOB documents do not, by themselves, prove that every customer lost money, that every transaction was fraudulent, or that the businesses constituted a criminal enterprise. Those claims would require separate evidence and, where applicable, a judicial finding.

Rank #3

Sale

DUMOS Home Office Chair, Ergonomic Lumbar Support Desk Chair

• Ergonomic Lumbar Support Comfort: DUMOS features a scientifically contoured mid-back design and lumbar support that precisely fits the natural curve of your spine, relieve the soreness in your back and waist. The breathable mesh back promotes air circulation, keeping you cool and focused during long work hours, while the high-resilience foam seat cushion provides cloud-like comfort without sunken
• Adjust to Suitable Sitting Posture: The height is adjustable from 16.7'' to 19.7'' inches, suitable for different body types and you can lean back and change your sitting posture. At the same time, there is a convenient storage space at the back of the chair, where you can put books, newspapers or ipads. Fixed armrest make the structure more stable, enhance durability and service life
• High Quality and Durable Structure: To extend the service life of the computer desk chair, we have equipped it with a BIFMA-certified gas lift for safe and smooth height adjustment, as well as a sturdy base that can support up to 250 pounds. The highly elastic mesh fabric and durability ensure that it will not deform even after years of use, providing long-lasting support
• Smooth Movement & Rocking Mode: Glide effortlessly across your floor on 360°swivel silent casters that protect hardwood and tile. When you need a break, engage the 90°-120°tilt mechanism to recline comfortably. The tension knob lets you customize the recline resistance to your body weight, perfect for moments of rest or creative thinking
• Easy Assembly: The mesh office chair comes with all hardware & necessary tools and can be installed within 15 minutes. It can be quickly installed at home by yourself. We also have a professional customer service team, so if you have any questions, please do not hesitate to contact us. We are always with you

$33.96

Buy on Amazon

For that reason, the most accurate descriptions are “unauthorized,” “offering financial services abusively,” and “subject to a CONSOB cease-and-block order.” Calling the firms “scams” as an established fact goes beyond what these primary notices say.

If you deposited money or shared documents

If you used one of the websites, focus first on preserving evidence and limiting further losses:

1. Stop sending money. Do not make additional deposits to unlock withdrawals, pay taxes, cover verification, or release an account balance without independently checking the claim.
2. Save the records. Keep account statements, payment confirmations, emails, chat messages, contracts, screenshots, wallet addresses, telephone numbers, and the exact website address you used.
3. Contact the payment provider quickly. Ask your bank, card issuer, or payment service whether a payment recall, chargeback, or fraud review is available. The provider will determine what process applies; acting promptly is important.
4. Secure your accounts. Change reused passwords, enable multi-factor authentication, and monitor bank and card activity. If you supplied identity documents, ask the relevant institutions what additional monitoring or replacement steps they recommend.
5. Be cautious of recovery offers. People who have already paid a suspicious broker can become targets for “fund recovery” services demanding an upfront fee or more personal information.
6. Report the matter through official channels. Provide the saved records to the relevant financial regulator, law-enforcement body, and payment provider. Use contact details obtained from official websites rather than links sent by an alleged representative.

How to check a broker before depositing

A website’s professional design, claimed overseas address, or statement that it is “regulated” is not enough. Before depositing, verify the exact legal entity, domain, and authorization in the regulator’s official register. The name must match: a license belonging to a different company does not authorize an unrelated website.

Also check whether the regulator has issued a warning or blocking order for the specific domain. Keep copies of the authorization details and terms before sending money, since websites and contact information can change.

Rank #4

Sale

NEO CHAIR Office Desk Chair High Back Mesh Chair Adjustable Lumbar, Black

• All-Day Ease – Breathable mesh backrest provides targeted lower back support, encouraging healthy posture and lasting comfort through long hours of sitting.
• Adaptive Support - Featuring a waterfall seat and adjustable lumbar support to ensure balanced comfort throughout long hours of sitting for days.
• Flexible Armrests – Raise the armrests to tuck the chair under your desk or sit cross-legged with ease, perfect for adapting to any space or posture.
• Personalized Comfort - Adjust the height, tilt, and lumbar to suit your posture with the addition of the smooth 360° swivel for effortless movement.
• Certified Reliability – Built with SGS-certified gas lift and premium, high-quality materials for long-lasting safety and durability.

$58.42

Buy on Amazon

In the FTE FX and RMT500 cases, the domain details themselves illustrate why precision matters. CONSOB’s records name Ace Capital Ltd for www.ftefxpro.com, and use both rmt500.com and rtm500.com in separate RMT500-related actions.

Sources

• CONSOB release dated January 24, 2020
• CONSOB release dated November 22, 2019
• UK FCA warning for RMT500 / RTM500

FAQ

Did CONSOB merely warn against FTE FX and RMT500?

No. CONSOB ordered Italian internet-service providers to block access from Italy to the named websites. It also described the activity as the abusive offering of financial services without the required authorization.

What company did CONSOB name for FTE FX?

The January 24, 2020 CONSOB release named Ace Capital Ltd and the website www.ftefxpro.com. It did not identify the legal entity as “FTE FX Ltd.”

Was RMT500 listed by CONSOB before January 2020?

Yes. CONSOB’s November 2019 action identified Rmt 500 Ltd and rmt500.com. The January 2020 release listed RMT 500 Ltd and printed the domain as rtm500.com.

Best Value

NEO CHAIR Home Office Desk Chair Ergonomic Mesh with Lumbar Support, Black

• Breathable Mesh Back – Durable, elastic mesh provides airflow and light support for balanced, all-day comfort, keeping the back cool during extended use.
• Soft & Supportive Seat – Thick molded foam and soft fabric offer lasting comfort with a wide, cozy feel, perfect for long hours at home or in the office.
• Certified Strength – BIFMA and SGS-certified gas lift with reinforced base ensures safety, and FSC-certified wood is used inside the seat structure.
• Durable Build – Strong nylon base and smooth-rolling casters offer solid stability. Made from selected materials to ensure reliable everyday performance.
• Customizable Support – Includes height adjustment, tilt tension control, upright lock, and 360 degrees swivel for comfort across different spaces.

$44.42

Buy on Amazon

Did CONSOB prove that FTE FX or RMT500 was a scam?

The cited CONSOB notices establish unauthorized financial-services activity and website-blocking orders. They do not, by themselves, constitute a court judgment finding fraud or prove that every customer lost money.

What should I do if I sent money to one of these websites?

Stop making payments, preserve all records, contact your bank or payment provider promptly to ask about available recovery procedures, secure reused passwords, and report the matter through official regulatory or law-enforcement channels.

The Bottom Line

CONSOB’s action against the websites associated with FTE FX and RMT500 was an access-blocking order based on unauthorized financial-services activity, not just a general warning. The official record identifies FTE FX’s website as www.ftefxpro.com and the company as Ace Capital Ltd. RMT500 was involved in both a November 2019 action using rmt500.com and a January 2020 notice using rtm500.com. Those facts support treating the websites as unauthorized for Italian investors, while avoiding unsupported claims that the CONSOB releases themselves established fraud.

Quick Recap

Bestseller No. 1

NEO CHAIR Office Computer Chair Ergonomic Mid-Back Mesh Desk Chair, Black

$39.98

Bestseller No. 2

OLIXIS Armless Home Office Chair, Ergonomic Small Desk Chair

$50.81

SaleBestseller No. 3

DUMOS Home Office Chair, Ergonomic Lumbar Support Desk Chair

$33.96

SaleBestseller No. 4

NEO CHAIR Office Desk Chair High Back Mesh Chair Adjustable Lumbar, Black

$58.42

Bestseller No. 5

NEO CHAIR Home Office Desk Chair Ergonomic Mesh with Lumbar Support, Black

$44.42

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.