Accounts and headline costs
Sections ↑This profile covers the current hmvest.com offer attributed to Harmovest Capital (Comoros) Ltd. Its name and stated licence dates remain unreconciled with the MISA issuer registry’s GVD entry, and the Comoros central bank disputes MISA’s licensing authority. The separate Cyprus authorisation does not cover these account terms.[1][25][28]
Reference table01
Published account choices
| Attribute | CENT | STD | STP | ECN |
|---|---|---|---|---|
| Display name | Cent | Standard | Premium | ProSource 2 |
| Minimum deposit | 25; deposit unit unclear | USD 250 | USD 2,500 | USD 10,000Source 2 |
| Account denomination | US cents | USD | USD | USDSource 2 |
| Spread from | 1.5 pips | 1.0 pip | 0.8 pip | No numeric floorSource 2 |
| Trading commission | None advertised | None advertised | None advertised | 7; basis unstatedSource 2 |
| Maximum leverage | 1:500 | Up to 1:2000 | Up to 1:2000 | Up to 1:2000Source 2 |
| Stop-out | 10% | 10% | 10% | 10%Source 2 |
| Swap-free option | Available | Available | Available | AvailableSource 2 |
The facts02
Platform and account administration
| Measure | Value | Context |
|---|---|---|
| Order-size entry point | The platform page advertises a 0.01-lot minimum. This does not establish one standard contract size across CENT, FX and non-FX instruments. | Source 3 |
| Changing leverage | Close positions before requesting a leverage change in the portal; the FAQ allows one to two business days for review. | Source 10 |
| Automated strategies | EAs, PAMM and copying are advertised. General trading restrictions still apply to the strategy used. | Source 3Source 14Source 15 |
Products and platforms
Sections ↑Reference table03
Market scope
| Market | Examples | Product and sizing detail |
|---|---|---|
| Forex | EUR/USD, GBP/USD, USD/JPY | Leveraged FX; exact live symbol settings governSource 4 |
| Metals | Gold and silver | Gold example: one lot represents 100 ouncesSource 5 |
| Energy | WTI, Brent and natural gas | Leveraged energy CFDsSource 6 |
| Indices | Major stock-market benchmarks | Index CFDs; no index-fund ownershipSource 7 |
| Shares | Apple, Amazon, Disney, Tesla | Share CFDs; advertised leverage up to 1:20Source 8 |
| Crypto | Bitcoin and Ethereum | USD-denominated CFDs; advertised 24/7 accessSource 9 |
The facts04
Trading access
| Measure | Value | Context |
|---|---|---|
| MetaTrader 4 | Windows/Mac, mobile and web routes; chart-based orders, indicators and EAs. | Source 3 |
| MetaTrader 5 | Desktop and web routes with order management and account reporting. Use the credentials for the intended account/server. | Source 3 |
| Execution relationship | The company acts as principal. | Source 17 |
Trading costs and inactivity
Sections ↑The facts05
Pricing and holding costs
| Measure | Value | Context |
|---|---|---|
| EUR/USD reference | The public market widget is a changing bid/ask display. No verified historical average or account-specific EUR/USD spread schedule was established. | Source 4 |
| Gold sizing | At 100 ounces per published gold lot, a USD 1 per-ounce price movement corresponds to USD 100 before costs. This is arithmetic, not a quote or forecast. | Source 5 |
| FX overnight financing | The FX page states rollover at 22:00 GMT, with Wednesday triple charges. Positive or negative rates depend on direction and symbol. | Source 4 |
| Swap-free eligibility | The FX page directs eligible Muslim-country residents to request the option through their account manager. No universal replacement-fee schedule was established. | Source 4 |
| Energy holding-cost conflict | The energy page advertises no overnight fees while its own detailed text describes rollover. Confirm the exact contract rather than assume free holding. | Source 6 |
Reference table06
Two incompatible dormancy schedules
| Document | Trigger and charge | Deactivation |
|---|---|---|
| Terms of Business | Three months without deposit/trading: USD 15 monthly | Zero-balance dormant accounts archivedSource 17 |
| Terms and Conditions | Over six months without activity; fee repeats after six months, amount unstated | Charge can reduce balance to zero and close accountSource 16 |
The facts07
Dormancy detail
| Measure | Value | Context |
|---|---|---|
| Active sibling account | Active sibling accounts waive inactivity fees; resumed activity stops future fees, without refund. | Source 17 |
| Long-held positions | The six-month schedule exempts still-open unrealised trades. | Source 16 |
Execution and strategy rules
Sections ↑The facts08
Rules that change the trading offer
| Measure | Value | Context |
|---|---|---|
| Hedging and scalping | Terms prohibit both, with possible profit removal, position closure and suspension. Platform functionality does not grant permission. | Source 16 |
| EA responsibility | Terminal-based automation and trailing stops require client supervision. | Source 3 |
| Friday/news margin | New FX: 1:100 Friday 21:00–24:00 and selected news; other CFDs: fourfold margin. Published timezone unstated. | Source 17 |
| Stop orders | Adverse markets can prevent execution at the requested stop price. | Source 17 |
| Promotion-specific restrictions | Bonus accounts can impose lower leverage, higher stop-out and additional strategy rules than the ordinary account matrix. | Source 21 |
Deposits, withdrawals and account transfers
Sections ↑Reference table09
Published deposit routes
| Method | FAQ arrival estimate | Cost or access condition |
|---|---|---|
| Online banking terminal | Within two hours after acceptance | Local availabilitySource 10 |
| International wire | Three to five business days | USD, GBP or EUR; bank charges can applySource 10 |
| UnionPay | Two to three business days | Only where offered to the clientSource 10 |
The facts10
Moving funds out
| Measure | Value | Context |
|---|---|---|
| Ownership match | Deposits and withdrawals must use the account holder’s name; third-party payments are rejected. | Source 10 |
| No-trading withdrawal fee | The FAQ charges an additional 2.5% where an account withdraws without trading. | Source 10 |
| Withdrawal destination | Original deposits return to source; profits to the client’s bank. Additional verification may apply. | Source 17 |
| Available amount | Free margin excludes extra margin and unrealised rebates. | Source 17 |
| Deposit refunds | After 60 days: three instalments over three months. Suspected encashment permits a 15% deduction. | Source 17 |
| Same-name internal transfers | Requested in the portal and normally handled within one business day. Trading-to-agency transfers are excluded; bonus rules can restrict all internal transfers. | Source 10Source 19 |
Regulation and protection limits
Sections ↑The Comoros central bank’s 8 December 2025 warning says MISA and AOFA lack legal authority to issue financial licences on behalf of the Union or its islands. Their registry entries must therefore be presented as disputed issuer claims.[28]
The facts11
Read the jurisdiction correctly
| Measure | Value | Context |
|---|---|---|
| Current Comoros claim | The website names Harmovest Capital (Comoros) Ltd under T2023331. The MISA listing still names GVD Markets capital Ltd. | Source 1Source 25 |
| MISA record discrepancy | The individual record identifies HY00723419 and T2023331, but shows Active alongside a 31 July 2025 licence end date. Current authorization under the new name is not independently established. | Source 26 |
| Cyprus authorization | CySEC’s current firm page names Harmovest Capital (Cyprus) Ltd, formerly GVD Korimcy Ltd, licence 411/22. Its approved domain is hmvest.eu. | Source 27 |
| Australian number | The group footer presents 623 390 527 as an ASIC licence number. No corresponding Australian financial-services authorization was established for the Comoros offer. | Source 1 |
| Client-money protection | Segregation and professional indemnity are company claims. Reviewed materials provide no insurer, certificate, expiry, exclusions or per-client/aggregate limit. | Source 10 |
| Compensation and deficits | Terms state no statutory compensation mechanism and provide for negative cash liabilities. The FAQ’s absolute compensation language is not an established guarantee. | Source 16 |
Opening an account and contacting support
Sections ↑Reference table12
Opening requirements
| Stage | What to supply or expect |
|---|---|
| Eligibility | Adult applicant and accepted residence; US residents excludedSource 16 |
| Identity and address | ID/passport, address and payment evidenceSource 17 |
| Financial information | Funding source, finances and experienceSource 17 |
| Approval | Account review precedes funding; successful applicants receive login instructions by emailSource 10 |
Official client support
Client servicesEmail
Published support telephoneTelephone
Contact pageWebsite
https://hmvest.com/company/contact-usSource 11
Scope Current public support routes
Hours Multilingual support advertised around the clock
The facts13
Problems and formal instructions
| Measure | Value | Context |
|---|---|---|
| Platform outage | Terms allow telephone/email instructions subject to acceptance. No dedicated emergency dealing procedure or guaranteed execution channel was established. | Source 16Source 11 |
| Complaints | Ask client services for the formal complaints procedure. | Source 16 |
| Closing the relationship | Business terms: seven days’ written notice and closed positions; other terms: effective on receipt. Obtain confirmation. | Source 17Source 16 |
Managed accounts, copying and rewards
Sections ↑The facts14
PAMM and social trading
| Measure | Value | Context |
|---|---|---|
| PAMM structure | Money managers make trading decisions and results are allocated proportionally. Fees and incentives are arranged for the chosen manager. | Source 14 |
| Social copying | The site offers signal providers and follower statistics. Performance listings do not establish suitability or a guarantee of returns. | Source 15 |
| Copy authorization | The copy disclaimer treats generated instructions as client-authorized and assigns trading risk to the follower. It gives no explicit automatic close-on-disconnect rule. | Source 18 |
| Ending an authority | Revoke indefinite authority in writing; check remaining positions/orders. | Source 17 |
Reference table15
Different kinds of promotion
| Offer | Cash or credit | Withdrawal consequences |
|---|---|---|
| Recurring New Bonus Campaign | Non-withdrawable credit: 30% first deposit up to USD 500, then 25% up to USD 4,500 | Any withdrawal or internal transfer cancels all creditSource 21 |
| Withdrawable Bonus | Conditional reward for a verified, net-loss account at zero balance; minimum qualifying deposit USD 250 | Before withdrawal: standard lots equal to 1% of bonus amount; further deposits blocked until zeroSource 20 |
| Elite Trader of the Month | One USD 1,000 cash winner per month | Winner’s reward is withdrawable cash, subject to verificationSource 22 |
The facts16
Material reward conditions
| Measure | Value | Context |
|---|---|---|
| New Bonus Campaign | Minimum USD 100; Cent excluded; up to 1:400 leverage and 50% stop-out. Runs by calendar month until further notice. Hedging is prohibited. | Source 21 |
| Withdrawable Bonus restrictions | Cap USD 10,000; no internal transfers. Sub-three-minute trading, scalping and abusive hedging can cancel rewards/profits; concentrated product or directional trading can also trigger removal. | Source 20 |
| Other non-withdrawable bonus | The separate generic credit policy has different withdrawal rules: some profits can be withdrawn within the stated deposit threshold, with proportional deduction beyond it. Use the actual accepted scheme. | Source 19 |
| Cash competition eligibility | Minimum USD 500 net deposit, 10 standard lots and maximum 30% drawdown; only one monthly winner. Trades must last at least three minutes. | Source 22 |
| First Trade Rewards | Vietnam/Thailand new clients only; physical gifts require first-deposit and volume thresholds. Gifts are not redeemable for cash. | Source 23 |
| Expired travel campaign | The reviewed travel-promotion qualifying period ended 31 August 2026; November travel timing does not reopen entry. | Source 24 |
Company background and evidence
Sections ↑The facts17
Current and former identities
| Measure | Value | Context |
|---|---|---|
| Brand continuity | The current site uses Harmovest Capital. Cyprus’s official record confirms the former GVD Korimcy name; Comoros’s register retains the GVD name. | Source 27Source 25 |
| Account migration | No reviewed notice establishes whether a GVD client’s balances, open positions, login or history migrated. A name change alone does not prove those consequences. | Source 12Source 13 |
| Service boundary | The .com footer describes other group entities and payment support. Corporate or adviser registrations do not extend another entity’s retail CFD protection. | Source 1 |
| Evidence priority | Current account pages and currently linked English legal documents were read. Conflicting dormancy, execution permissions and licence dates remain explicit rather than resolved by assumption. | Source 13 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Harmovest Capital (Comoros) Ltd
ComorosSource 1
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Mwali International Services AuthorityT2023331 | Not verified | Checked 15 Oct 2026Company claim. Registry retains GVD Markets capital Ltd and the individual page displays a July 2025 end date beside Active; current new-name authorization not established. BCC disputes the issuer’s legal authority; its own registry does not establish recognised authorisation.Source 1Source 25Source 26Source 28 |
Harmovest Capital (Cyprus) Ltd
CyprusSource 27
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Cyprus Securities and Exchange Commission411/22 | Authorised | Checked 12 Oct 2026Current firm record: formerly GVD Korimcy Ltd; approved domain hmvest.eu. Separate from the Comoros account terms.Source 27 |
Sources & further reading
- Current operating entity and affiliates Harmovest Capital · Accessed 12 Oct 2026
- Current account types Harmovest Capital · Accessed 12 Oct 2026
- MT4 and MT5 access Harmovest Capital · Accessed 12 Oct 2026
- Forex products and holding costs Harmovest Capital · Accessed 12 Oct 2026
- Precious-metal products and contract example Harmovest Capital · Accessed 12 Oct 2026
- Energy CFDs Harmovest Capital · Accessed 12 Oct 2026
- Index CFDs Harmovest Capital · Accessed 12 Oct 2026
- Share CFDs Harmovest Capital · Accessed 12 Oct 2026
- Cryptocurrency CFDs Harmovest Capital · Accessed 12 Oct 2026
- Account, funding and protection FAQ Harmovest Capital · Accessed 12 Oct 2026
- Official client contact Harmovest Capital · Accessed 12 Oct 2026
- Company background Harmovest Capital · Accessed 12 Oct 2026
- Current legal-document collection Harmovest Capital · Accessed 12 Oct 2026
- PAMM accounts Harmovest Capital · Accessed 12 Oct 2026
- Social-trading service Harmovest Capital · Accessed 12 Oct 2026
- Terms and Conditions Harmovest Capital · Accessed 12 Oct 2026
- Terms of Business Harmovest Capital · Accessed 12 Oct 2026
- Copy-trading community terms Harmovest Capital · Accessed 12 Oct 2026
- Non-withdrawable bonus conditions Harmovest Capital · Accessed 12 Oct 2026
- Withdrawable bonus conditions Harmovest Capital · Accessed 12 Oct 2026
- Recurring bonus-credit campaign Harmovest Capital · Accessed 12 Oct 2026
- Elite Trader of the Month conditions Harmovest Capital · Accessed 12 Oct 2026
- Elite First Trade Rewards conditions Harmovest Capital · Accessed 12 Oct 2026
- 2026 travel-promotion period Harmovest Capital · Accessed 12 Oct 2026
- Authorized brokerage-company list Mwali International Services Authority · Accessed 12 Oct 2026
- GVD Markets capital Ltd verification record Mwali International Services Authority · Accessed 12 Oct 2026
- Current Cyprus firm record and former name Cyprus Securities and Exchange Commission · Accessed 12 Oct 2026
- Comoros central-bank warning signed 8 December 2025 Banque Centrale des Comores · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.