Harborx Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 230/14. The company is fully compliant with the European Markets in Financial Instruments Directives (MiFID). The brokerage firm is a member of the Investor Compensation Fund which insures client’s deposits.
Harborx has deployed its data centers in key locations near global financial centers, providing a low-latency environment. There is a warning that leveraged trading could potentially put your balance into a negative territory, but the company has a negative balance protection policy that prevents you from entering debt.
Customers have the possibility to follow the trading ideas of the more experienced traders, who the company calls Star Traders. You can check and follow their actions. Harborx Stars are traders with years of experience in the industry, the brokerage claims. By following them, you can learn different trading strategies and choose the right one for you. There is a competition and every week the top 3 traders will receive bonuses that are automatically added to their accounts.
The company offers only a mobile application. You can place market and pending orders, view your trading history, or compare your performance with other traders on the Leaderboard.
Unfortunately, the legal section of the website is broken, and we could not verify what the documents say.
In general, Harborx is a CySEC-regulated brokerage company that provides its services exclusively on its own mobile application, suitable for traders who deal mainly by phone. Retail clients are covered by negative balance protection. However, one of the most popular terminals – MetaTrader is not available.