CloverGate Capital
Clovergate Capital Limited50.0No Regulation
ComorosEst. 2023
1:10001 Platform
Editorial review
Broker Summary
What Wikilix has recorded about Harmovest Capital: its history, the licences it holds, its trading conditions and its fees.
Harmovest Capital is the retail trading brand of HARMOVEST CAPITAL (COMOROS) LTD, which the site names as the operator of www.hmvest.com. The company states it is authorised by the Mwali International Services Authority in the Union of the Comoros under licence T2023331, with a registered address at Bonovo Road, Fomboni, Island of Moheli. The client agreement is governed by the law of the Comoros and disputes fall to the Comorian courts.
The group also names several affiliated companies. HARMOVEST CAPITAL (CYPRUS) LTD is registered in Cyprus as HE 416402, incorporated on 17 December 2020, and holds CySEC licence 411/22 for the separate hmvest.eu service. HARMOVEST CAPITAL AUS PTY LTD, ACN 623 390 527, is active on the Australian Business Register since 13 December 2017 and holds an Australian licence whose scope is institutional rather than retail. HARMOVEST CAPITAL (NEW ZEALAND) LIMITED was incorporated on 8 July 2026 and carries a Financial Service Providers Register entry, which is a registration rather than a trading licence. A fifth company, HARMOVEST PRO CAPITAL (CY) LIMITED (HE 475303), is named as the payment services provider.
What it offers. Four account tiers are published: Cent from a 25 minimum with spreads from 1.5 pips and leverage to 1:500; Standard from 250 with spreads from 1.0 pips; Premium from 2,500 with spreads from 0.8 pips; and Pro from 10,000 with a commission of 7 per lot. Leverage on the upper three tiers runs to 1:2000, the stop-out level is 10 percent, and a swap-free option is offered. The firm's own legal documents state it may act as a market maker and take positions against its clients, and that hedging is prohibited on the platform. Leverage can be temporarily cut to 1:100 around major data releases and before the Friday close.
Platforms and funding. Branded MetaTrader 4 and MetaTrader 5 builds are offered for Windows, mobile and the browser. Deposits are accepted through an online banking terminal (stated at within two hours), bank wire in USD, GBP, EUR and other currencies (three to five business days) and UnionPay remittance (two to three working days). The firm states it charges no fee of its own on wires, though correspondent banks may. Third-party deposits and withdrawals are refused outright, a withdrawal from an account with no trading history attracts a 2.5 percent handling fee, and accounts inactive for six months attract a dormancy fee.
Who it suits, and the caveats. The offering will appeal to traders who want very high leverage, a low entry point and MetaTrader on an offshore account. Set against that: the service you actually open an account with sits under a Comoros licence, which is low-tier, carries no client-money compensation scheme, and offers no practical dispute mechanism. The strong European and Australian licences the brand advertises belong to different companies and, in the Australian case, to a licence that does not cover retail clients. The firm's own terms and conditions quote a different Comoros licence number than its website footer, and the site presents an Australian company registration number where a licence number belongs. The brand is also very new: the New Zealand company is weeks old and the Cypriot company traded under a different name before it. US residents are not accepted.
Website archive
Website snapshots
8 full-page captures of Harmovest Capital's own site, archived so what they said can still be read after the pages change.
8 pages
Regulation check
Regulatory Licenses
Harmovest Capital is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked row is not a finding either way.
0 of 3 checked
3Licences on record
0Confirmed on register
2Tier 1 or 2
1Offshore
How far our check got
- 3 not yet checked
ASICTier 1AustraliaInstitution Forex License (STP)No. 513758
What the register says
- Licence number
- 513758
- Type
- Institution Forex License (STP)
- Effective
- Apr 1, 2019
- Expires
- No expiry shown
Client protection under this licence
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Negative balance protection
- Complaints routeAFCA
- Maximum leverage1:28
These are the rules ASIC sets for the firms it licenses. They are not a statement about how Harmovest Capital applies them, or about which of its companies would hold your account.
About Australia Securities & Investment Commission
Onshore regulatorGovernment bodyCompensation: No mandatory insurance (but strict fund segregation)Public registerTransparency: high- Typical cost of this licence
- AUD 50000-100000+
CySECTier 2CyprusStraight Through Processing(STP)No. 411/22
What the register says
- Licence number
- 411/22
- Type
- Straight Through Processing(STP)
- Effective
- Feb 7, 2022
- Expires
- No expiry shown
Client protection under this licence
- Compensation schemeUp to €20000 (ICF)
- Client money kept separate
- Negative balance protection
- Complaints routeCyprus Financial Ombudsman
- Maximum leverage1:30
These are the rules CySEC sets for the firms it licenses. They are not a statement about how Harmovest Capital applies them, or about which of its companies would hold your account.
About Cyprus Securities and Exchange Commission
Onshore regulatorGovernment bodyCompensation: Up to €20000 (ICF)Public registerTransparency: high- Typical cost of this licence
- €50000-100000
MISATier 4OffshoreComorosRetail Forex LicenseNo. T2023331
What the register says
- Licence number
- T2023331
- Type
- Retail Forex License
Client protection under this licence
- No compensation scheme
- Negative balance protection
- No complaints route
- Maximum leverage1:997
These are the rules MISA sets for the firms it licenses. They are not a statement about how Harmovest Capital applies them, or about which of its companies would hold your account.
About Moroni International Services Authority
Offshore regulatorGovernment bodyNo compensation schemeNo public registerTransparency: low- Typical cost of this licence
- USD 3000-7000
Trading accounts
Account Types
4 account types on record. Minimum deposit from US Cent 25. Leverage up to 1:2000.
4 account types
| Account | Min Deposit | Leverage | Commission |
|---|---|---|---|
| Cent accountCent | US Cent 25 | 1:500 | Not recorded |
| Standard accountStandard | USD 250 | 1:2000 | Not recorded |
| Premium accountPremium · VIP | USD 2,500 | 1:2000 | Not recorded |
| Pro accountPro · VIP | USD 10,000 | 1:2000 | 7 per lot |
Deposits & withdrawals
Funding Methods
3 ways to fund an account.
3 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| Deposit terminal (online banking)Bank TransferThe broker states funds arrive within 2 hours of acceptance. Third-party remittances are not accepted under any circumstances. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | 2 hours |
| Bank WireWire TransferAccepts USD, GBP, EUR and other currencies; 3 to 5 business days to arrive. The broker states it charges no fee of its own, but your bank or an intermediary bank may charge a service fee. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | 5 days |
| UnionPay remittanceBank TransferStated at 2 to 3 working days to arrive. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | 3 days |
Trading software
Trading Platforms
2 trading platforms on record: MetaTrader 4 and Meta Trader 5.
2 platforms
Websites
Global Domains
2 domains on record. One active.
2 domains
Legal entities
Corporate Network
5 legal entities behind the Harmovest Capital brand.
5 entities
- HARMOVEST CAPITAL (COMOROS) LTDActiveComorosRegistration T2023331The entity the site names as the operator of www.hmvest.com. The number quoted is its Comoros brokerage licence reference; the Union of the Comoros publishes no searchable public company register, so the entity itself could not be independently confirmed.
- HARMOVEST CAPITAL (NEW ZEALAND) LIMITEDActiveNew ZealandRegistration 9441489Established Jul 8, 2026Incorporated on the New Zealand Companies Register on 8 July 2026 (NZBN 9429053785596), sole director Peipei Qin, ultimate holding company Harmovest Capital Holding Ltd of the Cayman Islands (registration 401827). Holds a Financial Service Providers Register entry, which is a registration and not a trading licence.
- HARMOVEST CAPITAL AUS PTY LTDActiveAustraliaRegistration ACN 623 390 527Established Dec 13, 2017Active since 13 December 2017 on the Australian Business Register. The company has carried four names: East Ridge Advisors Pty Ltd, GTSE Capital Group Pty Ltd, Killara Asset Management Pty Ltd and, since January 2026, its current name. Its Australian licence is institutional in scope.
- HARMOVEST PRO CAPITAL (CY) LIMITEDActiveCyprusRegistration HE 475303Registered on the Cyprus Department of Registrar of Companies. The site states this company handles payment services for the Comoros entity.
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