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Scam Alert - Henyep Capital Markets UK (HYCM)

Discussion in 'Scam Alerts' started by lxboston, Nov 15, 2018.

  1. lxboston

    lxboston Recruit

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    The OP has invited the company to this discussion on Dec 12, 2018 at 2:27 PM
     
  2. FxMaster

    FxMaster Lt. Colonel

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  3. The Reaper of F

    The Reaper of F Corporal

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    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.
     
  4. lxboston

    lxboston Recruit

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    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.
     
  5. Leszek_N

    Leszek_N Recruit

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  6. FxMaster

    FxMaster Lt. Colonel

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    You are most welcome :)
     
  7. The Reaper of F

    The Reaper of F Corporal

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    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.
     
  8. lxboston

    lxboston Recruit

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    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.
     
  9. thetruth123

    thetruth123 Recruit

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    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?
     
  10. lxboston

    lxboston Recruit

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    No clearly not, this is still ongoing. The FOS UK is investigating but that can take up to three months.
     

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