HotForexMarket: what the FCA warning says
Fraudsters are using the details of an FCA-authorised firm (HF Markets (UK) Limited) to target people in the UK.
| Warning | HotForexMarket (clone of an FCA authorised firm) |
| Type | Clone of an FCA-authorised firm |
| Names used | HotForexMarket (clone of an FCA authorised firm) · id="section-clone-firm-details" tabindex="-1" class="copy-block default"> · They may mix these details with the genuine details of authorised firms. |
| Websites named by the FCA | www.hotforexltd.com |
| Genuine firm being impersonated | HF Markets (UK) Limited — FRN 801701 — www.hfmarkets.co.uk |
| Broker in our database | HFM Matched on the genuine firm's FRN 801701 |
| FCA page | fca.org.uk/news/warnings/hotforexmarket-clone-fca-authorised-firm |
A clone warning protects the genuine firm
The FCA says fraudsters are using the details of HFM's genuine authorised entity to convince people they work for it. Anyone who was cold-called, messaged or emailed by “HotForexMarket” should treat the contact as the clone, not the broker. The genuine firm can only be reached through the contact details on its FCA register entry, and it will never ask you to pay into a personal account or a different company name.
- 1. Open the FCA register yourself and search the firm name and FRN 801701; compare the contact details there with the ones you were given.
- 2. Check which legal entity would onboard you and what licence it holds before depositing.
- 3. If you have paid money, contact your bank first, then report to the FCA from the warning page.
Other FCA warnings touching HFM
- hotforex-assets.xyz 19 June 2024
- HYPERION FINANCIAL MANAGEMENT / HFM 1 November 2023
Common questions
Is HotForexMarket regulated by the FCA?
No. "HotForexMarket" is a clone: the FCA's warning of 30 September 2024 says fraudsters are using the details of the genuine authorised firm HF Markets (UK) Limited (FRN 801701). Only that genuine firm, reached through the contact details on the FCA register, is authorised.
Is HFM itself the problem?
No. A clone warning is about impersonators. HFM is the genuine firm whose identity is being misused. The risk is to anyone who deals with the clone believing it to be HFM.
What should I do if I have already sent money?
Contact your bank or card provider immediately and ask about recalling the payment or a chargeback, report the firm to the FCA using the link on the warning page, and keep every message and receipt. Be wary of anyone who then contacts you offering to recover the money for a fee.
Warning text © Financial Conduct Authority, reused under the Open Government Licence v3.0. Informational only, not financial advice. Warnings are updated by the FCA; always read the current FCA page before acting.