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.