The UK Financial Conduct Authority (FCA) has issued a warning against a clone of HF Markets (UK) Limited.
Clones are fraudulent entities that abuse the data (address, name, logo, etc) of licensed companies in order to lure potential victims. In reality, the cloned entities have nothing to do with the authorised firms.
The FCA warns that HotForexMarket is a clone of HF Markets (UK) Limited. HotForexMarket is not authorised by the FCA but has been contacting people pretending to be an authorised firm.
Clone firm details
Name: HotForexMarket (clone of an FCA authorised firm)
Telephone: 3037108109
Email: service@hotforexltd.com
Website: https://www.hotforexltd.com
FCA authorised firm details
This is the genuine, authorised firm that the fraudsters are claiming to work for. It has no connection with the clone firm.
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.ukLink is external
If you deal with the clone firm, you won’t have access to the Financial Ombudsman Service if you have a complaint.
You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it’s unlikely you’d get your money back if the firm goes out of business.
