FCA Warns Against Clone Firm of Hantec Markets

The Financial Conduct Authority (FCA) has today identified yet another potential scam targeting residents within the United Kindom. This Wednesday, the watchdog has warned against clone firm Easy FX Trade which is ripping off the details of Hantec Markets Limited.

Easy FX Trade, which also goes by the name Easy Trade Global, claims to be a foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) broker which allows investors to trade forex, contracts for difference (CFD) and Bullion.

On its website, which can be found at www.easyfxtrade.com for Easy FX Trade and www.easytrade.global for Easy Trade Global, the company uses the information of the legitimate FCA-regulated company Hantec Markets.

Hantec Markets Limited is a provider of forex, CFD, and Bullion trading. The difference between Hantec Marks and Easy FX Trade, however, is that Hantec Markets is legitimate, where Easy FX Trade is most likely a scam.

Clone firms, as the name suggests, “clone” details of legitimate companies. This is in order to trick investors into believing that they are not a scam and sometimes, even imply that they are the real firm.

One trick that these fraudsters use is to mix the copied details with their own fake details. This is so they don’t arouse too much suspicion but still appear to be legit. Unfortunately, these types of firms are increasingly common.

FCA Outlines Official Details of Hantec Markets

The FCA highlights the following details as the correct information for Hantec Markets:

Firm Name: Hantec Markets Limited

Firm Reference Number: 502635

Address: 43-45 Dorset Street, London, W1U 7NA, Hantec House, 12-14 Wilfred Street, London, SW1E 6PL

Telephone: +44 (0) 20 7036 0850

Email: Compliance@Hantecfx.com

Website: www.HantecFX.com

The British regulator warns investors that they should avoid dealing with this alleged broker altogether. If you have been approached by either Easy FX Trade or Easy Trade Global, you should contact the regulator.