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Harborstone Capital advertises up to 1:400, but the leverage you actually receive is set by the entity that onboards you. FCA and ASIC and BaFin and CySEC and DFSA each impose their own retail caps, and those caps override the headline figure.
Harborstone Capital is regulated by FCA, ASIC, BaFin, CySEC, DFSA. Retail caps differ sharply between regimes — 30:1 on major pairs under the FCA and ASIC, 20:1 under MAS, 50:1 under the CFTC — so the same broker offers materially different leverage depending on where you live.
The headline 1:400 is generally available only through an entity outside the strictest regimes. Before assuming you can use it, confirm which entity appears on your client agreement.
| Advertised maximum | 1:400 |
|---|---|
| Regulators | FCA, ASIC, BaFin, CySEC, DFSA |
| Negative balance protection | Yes |
| Execution model | ECN/STP |
Leverage sets how much margin a position ties up; it does not change the position's risk. A trader sizing from risk rather than from available margin will use a fraction of what is offered.
At 1:400, a move of well under one percent against a fully leveraged position is enough to erase the account — inside the ordinary daily range of most major pairs.
Harborstone Capital applies negative balance protection, so a gap through your stop cannot leave you owing more than the account balance.
| Compare | Harborstone CapitalSample data | QuantEdge FuturesSample data | Meridian MarketsSample data | Fusion Peak MarketsSample data |
|---|---|---|---|---|
| Regulators | FCA, ASIC, BaFin, CySEC, DFSA | CFTC, NFA | NFA, FCA, ASIC, CIRO, CySEC | ASIC, VFSC |
| Year Established | 2010 | 2022 | 2001 | 2017 |
| Execution Type(s) | ECN/STP | Market Maker | Market Maker | ECN/STP |
| Minimum Deposit | $0 | $10 | $100 | $0 |
| Average Trading Cost EUR/USD | 0.1 pips + $7.00 | N/A | 1.1 pips | 0.2 pips + $4.50 |
| Average Trading Cost GBP/USD | 0.4 pips + $7.00 | N/A | 1.3 pips | 0.4 pips + $4.50 |
| Average Trading Cost Gold | $0.15 | N/A | $0.63 | $0.16 |
| Max Leverage | 1:400 | 1:30 | 1:50 | 1:500 |
| Trading Platform(s) | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Proprietary platform | Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, Proprietary platform, TradingView | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Islamic Account | — | |||
| Negative Balance Protection | ||||
| Visit Broker | Read Review | Read Review | Read Review |
Up to 1:400 on the most permissive entity. Under FCA the retail cap will be considerably lower, and that cap is what applies to most clients.
Yes, downward, from the account settings. Requests to raise leverage above the retail cap require qualifying as a professional client, which means giving up retail protections.
No. It frees margin, letting you open a larger position for the same deposit, which scales gains and losses equally. The strategy's edge is unchanged.