Scam Alert - Henyep Capital Markets UK (HYCM)

The excuse given by the broker is idiocy at its finest. That's a pure scam operation right there. I don't know what to say now.

Absolutely. Even if you are B-booking the trades take it on the chin, its COGS for most brokers taking this strategy.

The best thing is to let everyone else know about this until I take this all the way via the FOS process.
 
Absolutely. Even if you are B-booking the trades take it on the chin, its COGS for most brokers taking this strategy.

The best thing is to let everyone else know about this until I take this all the way via the FOS process.
I was fortunate enough to come across this thread post when a HYCM rep called me to sign up for a brokerage account the other day. I guess they're "desperate" to look for another naive sheep.
 
I was fortunate enough to come across this thread post when a HYCM rep called me to sign up for a brokerage account the other day. I guess they're "desperate" to look for another naive sheep.

I'm glad my warning can be of help.

My update on this - Henyep capital has still refused to respond even after the FOS UK asked them to respond. I have pushed with the FOS to escalate the investigation and report this case to the FCA.
 
How are they able to get away with that being FCA regulated? This is terrible, I thought I was safe with fca brokers but I guess not?
 
No clearly not, this is still ongoing. The FOS UK is investigating but that can take up to three months.
 
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