No sign that Harmovest Capital (Cyprus) Ltd actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.

Moderate risk

Scam Risk Scoremonitored · 2026-07-28

Lower riskHigher risk

No verifiable website or social-media presence

How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

Factor	Score	Weight
Regulation & licensing	38	35%
Company age	50	15%
Clone / impersonation	0	12%
Withdrawal & exposure complaints	0	12%
Offshore registration	10	8%
Transparency (site/info/social)	100	10%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company

Legal name—

Headquarters🇨🇾 Cyprus

Founded—

Years operating—

Employees—

Official websitehmvest.com

Trading conditions

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Regulation & licenses · 1

Regulator	License type	License No.	Region	Status
CySEC	CIF licence	411/22	Cyprus	Authorised

Full reviewIn-depth editorial analysis Scam or safe?Risk score & red flags AccountsTypes · min deposit · how to open Deposit & withdrawalMethods · payout reliability

Review analysis AI

Harmovest Capital (Cyprus) Ltd holds a valid CySEC licence (411/22), but the broker's multi-entity structure and the lack of verifiable online presence raise concerns. The main website is operated by a Comoros entity, while the Cyprus entity operates under a different domain, creating potential confusion about which entity is responsible. The FXCanary Scam Risk Score of 34/100 reflects these uncertainties, and traders should exercise caution and verify the exact entity before engaging.

Best for

Retail traders seeking a CySEC-regulated broker for CFD trading
Traders who prefer a multi-asset offering (Forex, Indices, Stocks, Energy, Metals)
Non-EU clients who may be served by the Comoros entity

Not for

Traders who require full transparency on trading conditions (spreads, commissions, minimum deposit)
Traders who prefer a broker with a long, established track record and independent reviews
EU clients who want to avoid being redirected to a separate domain (hmvest.eu)

Period:

Real user reviews

Where Harmovest Capital (Cyprus) Ltd operates

Based on its licenses and complaint records.

🇨🇾 Cyprus Licensed

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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Guarded ⇄ Compare with Harmovest Capital (Cyprus) Ltd

What Harmovest Capital (Cyprus) Ltd says about itself as stated by the broker · not independently verified by FXCanary

Company Overview

According to its website, Harmovest Capital is a brokerage firm offering CFDs on Forex, Indices, Stocks, Energy, and Metals. The site presents the brand as a multi-asset trading provider, with a global reach and a focus on retail traders.

The domain hmvest.com is operated by HARMOVEST CAPITAL (COMOROS) LTD, which the site states is authorized and regulated by the Mwali International Services Authority (MISA) in the Union of the Comoros, holding license. The site also lists affiliated entities, including HARMOVEST CAPITAL (CYPRUS) LTD, described as a regulated Investment Firm authorized by CySEC under license number 411/22, operating under the domain www.hmvest.eu.

Regulatory Claims

The broker claims regulation in multiple jurisdictions. It states that HARMOVEST CAPITAL (CYPRUS) LTD is authorized by the Cyprus Securities and Exchange Commission (CySEC) under license number 411/22, with a registered address in Limassol, Cyprus.

It also mentions HARMOVEST CAPITAL AUS PTY LTD, described as an Australian Proprietary Company authorized by the Australian Securities & Investments Commission (ASIC) under a license number that is cut off in the search results. The site further claims that the Comoros entity holds a MISA license (T2023331).

Trading Platform and Instruments

The website indicates that Harmovest Capital provides trading in CFDs on Forex, Indices, Stocks, Energy, and Metals. The site does not specify the trading platforms (e.g., MT4/MT5) in the search results, but the product range suggests a standard retail CFD offering.

No specific account types, spreads, commissions, or minimum deposits are disclosed in the available web content. The broker appears to target retail traders seeking access to global markets.

Client Redirection

The site includes a notice that visitors from Europe are redirected to hmvest.eu, which is operated by HARMOVEST CAPITAL (CYPRUS) LTD. This suggests the broker separates its European clients under the CySEC-regulated entity, while the Comoros entity serves other regions.

The redirection implies a tiered regulatory structure, with the Cyprus entity intended for EU clients and the Comoros entity for international clients.

About Harmovest Capital (Cyprus) Ltd

Who Is Harmovest Capital (Cyprus) Ltd?

Harmovest Capital (Cyprus) Ltd is a Cyprus-registered investment firm that operates under the Harmovest Capital brand. According to our records, the firm holds a CySEC CIF licence (no. 411/22) with an Authorised status, and is registered in Cyprus. The official domain associated with the Cyprus entity is hmvest.com, though the site redirects European visitors to hmvest.eu.

The broker presents itself as a provider of CFDs on Forex, Indices, Stocks, Energy, and Metals, targeting retail traders. The company was previously known as GVD Korimcy Ltd, according to the CySEC register, and appears to have rebranded to Harmovest Capital. The exact founding date is not on file, but the licence was issued in 2022.

Regulatory Status

Harmovest Capital (Cyprus) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence number 411/22, with an Authorised status. This is a CIF (Cyprus Investment Firm) licence, which allows the firm to provide investment services within the EU under MiFID II. The licence number is confirmed in our records and matches the CySEC register entry.

However, the web results reveal a complex structure: the main domain hmvest.com is operated by a separate entity, HARMOVEST CAPITAL (COMOROS) LTD, which claims a MISA licence (T2023331). The Cyprus entity is listed as an affiliated entity operating under hmvest.eu. This dual-entity structure is common among brokers that serve both EU and non-EU clients, but it also introduces potential confusion about which entity a client is actually dealing with.

Trading Products and Platforms

The broker's website indicates that it offers CFDs on Forex, Indices, Stocks, Energy, and Metals. This is a standard product range for a retail CFD broker, covering major asset classes. The site does not disclose specific trading platforms in the search results, but it is likely to offer MetaTrader 4 or 5, given industry norms.

No details on account types, spreads, commissions, or minimum deposits are available from the web results. Traders would need to contact the broker or register to access this information. The lack of transparency on these key trading conditions is a point of caution for potential clients.

Client Base and Geographic Focus

The broker appears to target a global client base, with the website available in multiple languages including English, Arabic, Thai, Indonesian, Malay, Japanese, Korean, Filipino, and Chinese. This suggests a focus on retail traders across Asia, the Middle East, and other regions.

European clients are redirected to the Cyprus entity (hmvest.eu), which is regulated by CySEC. This is a common practice for brokers that want to offer services to EU clients while maintaining a separate offshore entity for other markets. The redirection indicates that the Cyprus entity is the regulated arm for EU clients, while the Comoros entity serves non-EU clients.

Risk Considerations

Our records show a FXCanary Scam Risk Score of 34/100, which is in the 'Guarded' range. The main risk flag is 'No verifiable website or social-media presence,' which is notable given that the domain hmvest.com is active. This flag may reflect difficulties in verifying the broker's online presence or a lack of independent reviews.

Industry databases have raised concerns about the broker's regulatory claims, noting that the MISA licence for the Comoros entity may correspond to a different entity, and that the CySEC-registered Cyprus entity lists only hmvest.eu, not hmvest.com. These inconsistencies underscore the importance of verifying which entity you are dealing with before opening an account.

Conclusion

Harmovest Capital (Cyprus) Ltd is a CySEC-regulated investment firm that operates under the Harmovest Capital brand, offering retail CFD trading. The broker has a legitimate CySEC licence, but its multi-entity structure and the lack of independent reviews make it difficult to assess its overall reliability.

Traders considering this broker should verify the exact entity they are dealing with and check the CySEC register directly. The absence of verifiable website presence and the discrepancies noted in industry databases warrant caution. As with any broker, conducting thorough due diligence is essential.

Overview compiled by FXCanary from regulatory records and public data. full Harmovest Capital (Cyprus) Ltd review