HFM Clone: FCA Issues Warning

WikiFX | 2024-10-01 18:03

Abstract：The Financial Conduct Authority (FCA) has issued a warning about a clone of the legitimate broker, HFM. This fraudulent entity is using the same name and branding as the genuine broker to deceive traders.

The Financial Conduct Authority (FCA) has issued a warning about a clone of the legitimate broker, HFM. This fraudulent entity is using the same name and branding as the genuine broker to deceive traders.

FCA Warning details:

Name: HotForexMarket (clone of an FCA authorised firm)

Telephone: 3037108109

Email: service@hotforexltd.com

Website: https://www.hotforexltd.com

The correct details are:

Firm Name: HF Markets (UK) Limited

Firm Reference Number: 801701

Address: Bloomsbury Building

10 Bloomsbury Way Holborn

London, WC1A 2SL, UNITED KINGDOM

Telephone: +442035199890

Email: compliance@hfmarkets.co.uk

Website: www.hfmarkets.co.uk

The authority stated that the HFM clone is not authorized or regulated by the FCA but has been contacting people pretending to be an authorised firm.

The FCA advised investors to avoid this broker and to report any suspicious activity to the authorities. Investors should check the FCA's register of authorized firms to ensure that the broker they are dealing with is legitimate.

About HFM

HFM, a trading name of HF Markets Group, founded in 2010, is a financial broker that provides both individual and institutional clients with online trading services. HFM has been headquartered in Cyprus but serves several global offices in Dubai, South Africa, and offshore entities in St Vincent and the Grenadines, all under respective regulatory authorities.

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