WIKIFX Scam Alerts: Two Cloned Brokers HNM And TradeHub Have Been Warned By UK FCA

Profits in the financial market are usually accompanied by hazards. Though we cannot escape all problems, we can avoid providing our money to scammers such as HNM and TradeHUB. With no forex regulator licenses, these two unregulated brokers decided to steal some from a licensed broker.

Twin Websites

The websites of HNM and TradeHUB have the same style and introductions, but the logos are distinct as if they are twins. As a result, the two brokers might be run by a single unlawful corporation.

Status of the Two Websites on WikiFX

Suspicious Trading Years

The firm claims to be a seasoned broker with over 40 years of expertise. However, we investigated the creation date of a domain (https://heynepmarkets.com/) and discovered that it was formed on November 22, 2022. Why would a 40-year-old broker have such a fresh website？ It's a warning sign.

Clones of a Regulated Broker

The restrictions asserted by HNM and TradeHUB are identical! As illustrated in the images, the regulatory information pertains to four forex regulators and a registration agency.

We looked through the Cayman CIMA Register and discovered no mention of HNM or TradeHUB. In other words, CIMA does not regulate the company.

We also looked at the UK FCA, CySEC, Dubai DFSA, and SVG FSA and discovered an intriguing fact: all of the regulatory or registration numbers shown on fraudsters' websites belong to a business called HYCM. That suggests the fraudster took use of this licensed company's regulatory information.

The UK FCA was also drawn in by this audacious effort. Both HNM and TradeHUB are clones of a UK-authorized firm, according to the UK regulator.

How can you avoid scam brokers such as HNM and TradeHub？

The most vital thing for a broker to know is his or her regulatory standing. Unregulated will engage in unexpected behavior after you have invested in them. They provide the most appealing trading prospects you've ever seen. It is primarily a scammer's tactic, which makes them appealing to traders. However, all of a broker's information, from regulatory status to trading values, is only available in one app, WikiFX.

Overview of WikiFX

Wikifx is a platform for searching worldwide company financial information. Its primary duty is to give the included foreign exchange trading organizations with basic information searching, regulatory license seeking, the credit assessment, platform identification, and other services.

It is crucial to examine the broker's license, as well as validate the broker's information. If you have any questions concerning a broker's rules, please contact WikiFX Customer Support.

Keep an eye out for more scam news.

WikiFX App may be downloaded through the App Store or the Google Play Store.