Brokers  /  HMCL

HMCL

Severe risk
🇨🇳 China · 2-5 years · since 2023-12-14 · Harvey Madison Capital Pty Ltd
This is a , not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.44/10
Trustpilot/5
Forex Peace Army/5
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No sign that HMCL 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.
75
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Withdrawal complaints in ~200% of recent reviews
  • 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.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints2412%
Offshore registration458%
Transparency (site/info/social)10010%

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 nameHarvey Madison Capital Pty Ltd
Headquarters🇨🇳 China
Founded2023-12-14
Years operating2-5 years
Employees0
Official websiteharveymcp.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

HMCL is an unregulated broker based in China, founded only recently in December 2023. With no regulatory licences and a severe risk score of 75/100, its operations remain largely opaque. Traders are strongly advised to avoid this broker unless they are fully prepared for the possibility of total capital loss.

Best for
  • Traders who are aware of and accept extreme risk
  • Testing high-risk strategies with minimal capital
Not for
  • Risk-averse investors
  • Traders seeking regulated broker protection
  • Any client looking for transparency or accountability
Period:
What users complain about
Where reviewers are from
Japan1

Real user reviews

Where HMCL operates

Based on its licenses and complaint records.

🇯🇵 Japan 1 complaint

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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About HMCL

Overview

HMCL is a financial services entity registered in China, founded on December 14, 2023. Its official website is harveymcp.com. Our records show that HMCL currently holds no known regulatory licences from any financial authority. This absence of regulation is a significant factor for potential clients to consider.

Given its recent incorporation and lack of regulatory oversight, HMCL presents an opaque risk profile. Traders and investors are advised to exercise extreme caution when dealing with unregistered firms, as they may lack investor protection schemes and oversight mechanisms.

Regulatory Status

As of our latest review, HMCL does not appear on any major financial regulator’s register, including but not limited to the FCA, CySEC, ASIC, or the CFTC. The company is not listed as a member of any compensation scheme that would protect client funds in the event of insolvency.

This regulatory vacuum means that disputes or losses involving HMCL would not be covered by standard investor protection frameworks. Clients would have limited recourse in the event of maladministration or misappropriation of funds.

Company Background

HMCL was established in China on December 14, 2023, making it a very young firm. The company’s official domain, harveymcp.com, provides only basic contact information and does not detail its ownership or management structure. China’s corporate registry does not reveal specific details about HMCL’s directors or shareholders in our accessible databases.

Operating under an unregulated banner in a region known for varying enforcement standards, HMCL’s internal controls and financial health are not publicly verifiable. This lack of transparency is a common hallmark of high-risk entities in the financial services industry.

Products and Services

Based on the limited information available, we cannot confirm whether HMCL offers retail forex, CFDs, cryptocurrencies, or other financial instruments. The website harveymcp.com does not display a clear product menu or trading platform. Without a verifiable service offering, it is impossible to assess the range or quality of potential products.

This information vacuum suggests that HMCL may not be actively soliciting clients through public channels, or it may operate through private referrals. Either scenario heightens the risk for unsuspecting users who might encounter the firm through alternative means.

Risk Assessment

FXCanary’s proprietary risk scoring system rates HMCL at 75 out of 100, placing it in the ‘Severe Risk’ category. This score reflects the combination of a very short operating history, complete absence of regulatory licensing, and insufficient public information. Such a score typically indicates a broker that poses a substantial threat to client capital.

Key risk factors include the inability to verify corporate stability, lack of independent oversight, and potential for abrupt closure or exit scams. These elements make HMCL unsuitable for any prudent investor seeking a regulated and transparent trading environment.

Overview compiled by FXCanary from regulatory records and public data. full HMCL review