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HNM

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Operating status: SCAM

Website: https://heynepmarkets.com/

Broker violations and abnormal records
  • 2022-08-14 The UK FCA Warns that HNM is a Clone Firm

    On 15 Aug 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that HNM is a clone firm. The fraudsters are using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/hnm-uk-limited-heynepmarketscom-clone-fca-authorised-firm

    On 15 Aug 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that HNM is a clone firm. The fraudsters are using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/hnm-uk-limited-heynepmarketscom-clone-fca-authorised-firm
  • 2022-08-16 BrokersView has Reviewed that HNM is an Unregulated Forex Broker

    HNM claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 25228 BC 2018 and regulated by several regulators including: 

     1) the United Kingdom Financial Conduct Authority (UK FCA), No.186171;

     2) the Cyprus Securities and Exchange Commission (CySEC), No. 259/14;

     3) the Cayman Islands Monetary Authority (CIMA), No.1442313;

     4) the Dubai Financial Services Authority (DFSA), No000048.

    We searched SVG FSA and found the number belongs to a company named HYCM LIMITED instead of HNM Limited. Beside, please be informed that SVG FSA does not regulate forex brokers. Having registration does not mean being authorized to provide financial services.

    We also found results in UK FCA and CySEC. However, the domain "https://heynepmarkets.com/" is not approved by any of the two regulators. That means HNM is not authorized to conduct forex activities by UK FCA or CySEC.

    Moreover, we did not find any results that matched this broker in CIMA or DFSA. In other words, HNM is not regulated by the regulators.

    What's more, UK FCA issued a warning that HNM is a clone firm. The fraudsters are using the details of firms UK FCA authorized to try to convince people that it works for a genuine, authorized firm. 

    The truth is that HNM is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    HNM claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 25228 BC 2018 and regulated by several regulators including: 1) the United Kingdom Financial Conduct Authority (UK FCA), No.186171; 2) the Cyprus Securities and Exchange Commission (CySEC), No. 259/14; 3) the Cayman Islands Monetary Authority (CIMA), No.1442313; 4) the Dubai Financial Services Authority (DFSA), No000048.We searched SVG FSA and found the number belongs to a company named HYCM LIMITED instead of HNM Limited. Beside, please be informed that SVG FSA does not regulate forex brokers. Having registration does not mean being authorized to provide financial services.We also found results in UK FCA and CySEC. However, the domain "https://heynepmarkets.com/" is not approved by any of the two regulators. That means HNM is not authorized to conduct forex activities by UK FCA or CySEC.Moreover, we did not find any results that matched this broker in CIMA or DFSA. In other words, HNM is not regulated by the regulators.What's more, UK FCA issued a warning that HNM is a clone firm. The fraudsters are using the details of firms UK FCA authorized to try to convince people that it works for a genuine, authorized firm. The truth is that HNM is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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