WikiFX Scam Alert: Beware of heynepmarkets.com!!!

Investors who are still trading forex at heynepmarkets.com had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

Let us start with the most important – the recent warning on August 15th against HNM (UK) Limited / heynepmarkets.com issued by the Financial Conduct Authority (FCA) in the UK. You may check the warning on the screenshot below.

Source: https://www.fca.org.uk/news/warnings/hnm-uk-limited-heynepmarketscom-clone-fca-authorised-firm

According to FCA, HNM is using the details of firms it authorizes to try to convince people that they work for a genuine, authorized firm. HNM is not authorized or registered by FCA but has been targeting people in the UK, claiming to be an authorized firm. The FCA authorized firm HYCM CAPITAL MARKETS (UK) LIMITED that HNM is claiming to work for has no association with the ‘clone firm’. HYCM CAPITAL MARKETS (UK) LIMITED is authorized to offer, promote or sell services or products in the UK.

WikiFX also paid a visit to the broker‘s official website to learn more. If you look at the screenshot below, you’ll see that the Heynep Markets brand is allegedly made up of several companies, many of which are purportedly licensed. Well, that‘s a lie! The FCA license number – 186171 doesn’t belong to HNM (UK) Limited but to HYCM CAPITAL MARKETS (UK) LIMITED, a company thats not in any way associated with Heynep Markets. Clone firms are impersonators abusing the corporate information of authentic companies to mislead customers and take guards off! Heynep Markets is not trustworthy and is a scam! Your funds will be in danger if you deposit!

HNM also claims to be regulated by CySEC in the EU and DFSA in the UAE, but these are all lies. WikiFX visited the official websites of CySEC and DFSA and found that both licensing numbers provided belong to HYCM, and Heynep Markets has nothing to do with it.

Furthermore, HNM claims that its trading software is unique, but thats just a marketing trick to create a sense of confidence and expectation. In reality, they can only deliver a low-grade Webtrader which you may find on the screenshot below:

And HNM offers 1:500 leverage for customers! This is high and risky! For those who don‘t know, the British regulator FCA doesn’t allow more than 1:30 for retail clients!

Now let's search “HNM” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/1367051722.html), HNMcurrently has suspicious regulatory license and the score is rather negative - only 1.04/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Please note that WikiFX has already warned that the three regulatory licenses of FCA, CySEC and DFSA claimed by HNM are all suspicious clones. Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In a nutshell, it's not wise to invest in HNM. WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing.

You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!