RegisterCyprus Securities and Exchange Commission (via ESMA register)
Licence894500CGTQ3PZTSZ9P67
Record · SW-gvd-korimcy-ltd
You looked up hmvest.euSeen from Pakistan
GVD KORIMCY LTD
Pakistan does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
Last read2026-09-29
No local licensing here
GVD KORIMCY LTD
Which company you actually sign with in Pakistan, and whose licence that is.
RegisterCyprus Securities and Exchange Commission
Licence411/22
RegulatorLast read
Pakistan does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
Tier
Regulator · held by
Licence
Supervision
Compensation
1 comparable supervision
Cyprus Securities and Exchange Commission (via ESMA register)GVD KORIMCY LTDdomain you looked up · 2026-09-29
894500CGTQ3PZTSZ9P67
Full: capital requirements, client-money segregation, regular reporting.
A scheme exists, but it usually does not cover clients resident abroad.
2 comparable supervision
Cyprus Securities and Exchange CommissionHarmovest Capital (Cyprus) Ltddomain you looked up · 2026-09-29
411/22
Full: capital requirements, client-money segregation, regular reporting.
A scheme exists, but it usually does not cover clients resident abroad.
Same brand, other companies
DIFFERENT legal entities trade under one brand here, on different licences. The one you sign with decides which rung you are on: the protection differs, and the licence the brand advertises on its site may not be the one you get.
Sources we read
CY-ESMA327good 2026-09-29tried 2026-09-29read