ANSWER The platform hycmarkets.net is not safe as the Financial Conduct Authority (FCA) has identified it as a clone of a legitimate company. It appears to be an impersonation fraud.According to the FCA, hycmarkets.net copies the details of a firm FCA authorizes to try and convince people that their firm is genuine. The full warning can be accessed here.A clone firm is built on lies. Therefore, due to its fraudulent nature, hycmarkets.net is a scam and very dangerous. Their intention is to steal investors' money and personal information. Therefore, investors are strongly advised to steer clear of such fraudulent platforms as hycmarkets.net and instead opt for a fully regulated one to safeguard their interests.
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