Recent regulation measures have revealed a risky system of impersonating websites – Hfgoldexchange.com, Hfabo.com, and Hfgreenlife.com – pretending to be HF and luring investors into their traps.
Here is an investigative review of these suspicious domains and the official warnings issued against them.
Is HF Markets Regulated in Canada?
While the legitimate “HFM” group holds licenses in several global jurisdictions (such as the UK and Cyprus), the entities operating under the domains mentioned above are not registered to conduct business in Canada.
The British Columbia Securities Commission (BCSC) issued a formal investment caution on December 10, 2025, explicitly blacklisting “HF Markets” and its associated domains. According to the BCSC, these entities are targeting residents without authorization. In Canada, any platform offering derivatives, forex, or gold trading must be registered with the relevant provincial regulator. HF Markets’ failure to do so is a primary indicator of a “clone firm” scam—where fraudsters impersonate a legitimate brand to steal funds.
Why Are the HF Domains Not Working?
If you have attempted to visit Hfgoldexchange.com, Hfabo.com, and Hfgreenlife.com recently, you likely found that the websites are down. This “disappearing act” is a critical red flag in the world of online investment fraud.
Common reasons for these outages include:
- Regulatory: Once a regulatory body like the BCSC or the CSA (Canadian Securities Administrators) has discovered a fraudulent website, it is usual for the regulator to join forces with internet service providers to either block access or get the domain deleted.
- Exit Scams: The shutting down of one’s online presence is a typical move by con artists who do that just after getting their desired amount of money or when the term “scam” becomes a dominating factor in the search results.
- Domain Switching: Fraudsters are always a step ahead of law enforcement by constantly rotating the use of various domains (the three listed here are merely examples).
How Does the Hfgoldexchange and Hfabo Scam Work?
This network of sites appears to function as a “Clone Firm” scam. They leverage the reputation of a well-known broker to lower the investor’s guard, then deploy predatory tactics.
Key fraud tactics identified:
- Impersonation: The fake HF Markets try to deceive people by using logos and names that are almost the same as those of the real HF Markets, making them think they are on a sub-brand or specialized “Gold” exchange.
- High-Pressure Recruitment: Social media “investment groups” or encrypted messaging apps such as Telegram are commonly used to recruit unsuspecting individuals, who are offered “insider” trading signals as a lure.
- The Withdrawal Lock: Once a victim deposits money, they are shown fake profits on a dashboard. However, any attempt to withdraw is met with demands for “clearance fees,” “tax payments,” or “security deposits.”
What Should You Do If You Have Invested?
If you have already sent money to any of these platforms, you must act quickly. Because these sites are unlicensed, you do not have the protection of the Canadian Investor Protection Fund (CIPF).
- Stop All Payments: Do not ever transfer additional funds to “unlock” a device! This is another scam aimed at taking away more of your money.
- Report to the BCSC: Submit a complaint to either the BC Securities Commission or the securities regulatory authority of your province.
- Secure Your Data: In case you have already sent your identification or bank details, get in touch with your bank right away so that you can mitigate the risk of identity theft.
Final Verdict: Are These HF Markets Domains Safe?
The domains Hfgoldexchange.com, Hfabo.com, and Hfgreenlife.com are confirmed fraudulent entities. They have been blacklisted by Canadian regulators for illegal solicitation and lack any form of investor protection.
Get professional help for the recovery – if you lost money by HF Markets, consider a reliable fund-recovery or legal assistance – TruClaim.
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