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hycmarkets.net

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Operating status: SCAM

Website: https://hycmarkets.net/

Broker violations and abnormal records
  • 2023-07-02 The UK FCA identified hycmarkets.net as a clone

    On July 3, 2023, the Financial Conduct Authority (FCA) issued a warning against hycmarkets.net, identifying this broker as a clone of an FCA-authorized firm: https://www.fca.org.uk/news/warnings/hycmarketsnet-clone-fca-authorised-firm

    On July 3, 2023, the Financial Conduct Authority (FCA) issued a warning against hycmarkets.net, identifying this broker as a clone of an FCA-authorized firm: https://www.fca.org.uk/news/warnings/hycmarketsnet-clone-fca-authorised-firm
  • 2023-07-03 BrokersView has reviewed that hycmarkets.net is an unregulated broker

    The Financial Conduct Authority (FCA) issued a warning against hycmarkets.net, identifying this broker as a clone of an FCA-authorized firm, which means this trading platform is copying details of another real company to appear real and legitimate.

    In essence, hycmarkets.net is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    The Financial Conduct Authority (FCA) issued a warning against hycmarkets.net, identifying this broker as a clone of an FCA-authorized firm, which means this trading platform is copying details of another real company to appear real and legitimate.In essence, hycmarkets.net is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Hi, I wanna know whether it is safe to trade with hycmarkets.net. Thx.

Vivek
Malawi
2023-08-24
ANSWER The platform hycmarkets.net is not safe as the Financial Conduct Authority (FCA) has identified it as a clone of a legitimate company. It appears to be an impersonation fraud.According to the FCA, hycmarkets.net copies the details of a firm FCA authorizes to try and convince people that their firm is genuine. The full warning can be accessed here.A clone firm is built on lies. Therefore, due to its fraudulent nature, hycmarkets.net is a scam and very dangerous. Their intention is to steal investors' money and personal information. Therefore, investors are strongly advised to steer clear of such fraudulent platforms as hycmarkets.net and instead opt for a fully regulated one to safeguard their interests.
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