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Forensic review · October 2026

HM Vest Review — Is HM Vest a Scam?

Forensics Source Group is not affiliated to this broker. We do not hold this account, we cannot close a balance, and we do not phone you as this firm.

Yes. HM Vest is a multi-jurisdiction CFD brand (footer: Harmovest Capital) whose Comoros entity operates hmvest.com while the site promotes a “CySEC 411/22” licence that belongs to a different firm The notices are written once, in the block below. If you paid hmvest.com, the date and how you paid are the part this review cannot see.

Send this to Forensics Source Group
The short answerExhibits core scam red flags
WithdrawalsClients onboarded to the Comoros entity while believing they are CySEC-protected
What to doSend it to Forensics Source Group
The record

What the notices say

  • hmvest.com is operated by the Comoros offshore entity (MISA T2023331) — CySEC protections do not apply to this domain; the EU entity is segregated on hmvest.eu.
  • The “CySEC licence 411/22” promoted on hmvest.com: CySEC's own public register shows licence 411/22 belongs to M4Markets (company 416402). Harmovest Capital (Cyprus) Ltd holds its own CySEC listing, but the number advertised on this domain appears to be another firm's — if that claim stands uncorrected, it is itself a publishable red flag.
  • FastBull/BrokersView (22 Jan 2026) flagged hamovest.com: “appears to be a scam… High-Risk Active, broker violations and abnormal records”.
  • Trustpilot (hmvest.com): a single review — a negligible organic footprint for a claimed multi-jurisdiction broker.
  • Regulatory “expansion” announcements (NZ FMA, SEC RIA) appear only as self-published press releases (LinkedIn, WikiFX PR, a Finbold sponsored-style piece, 14 Aug 2026).
Loss or this pattern

A trading loss and this pattern are not the same

A trading loss is a real position that moved against you. You can see the trade. The pattern below is a different event.

  • a claimed CySEC number that belongs to someone else
  • onboarding to the Comoros entity while EU protection is implied
  • regulatory news that exists only as paid press releases
  • one-review Trustpilot where a broker should have thousands
FAQ

Frequently asked questions

Can you close my HM Vest account, or have the person who phoned me call again?

Forensics Source Group is not affiliated to this broker. We do not hold an account at hmvest.com. We cannot confirm a balance, close an account, or phone you as HM Vest.

HM Vest says I must pay a tax or fee before withdrawing — should I?

No. A real broker deducts a fee from the balance. A new payment to release your own money is a second charge. Keep the message that asked for it.

What do you do with what I send?

We place it next to the record above. Where the same payment shows up from other people, those files can sit together as a class action. The first look is free.

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Forensics Source Group is not affiliated to this broker. We cannot close an account or confirm a balance. Write the date and how you paid.

Office5615 Concord Pike, Wilmington, Delaware 19803, USA
CoverageUnited States · United Kingdom · European Union · Germany
Forensics Source Group operates lawfully and only on systems, devices and accounts our clients own or are legally authorized to examine. This review is a forensic assessment of publicly observable information as of October 2026; it is not investment advice.