Nava Gates is a CFD broker that seems to be in the UK. It provides the MT4 trading platform for its trading services and asks for a minimum deposit of 250 dollars. The broker extends a leverage ratio of up to 1:400, however, the spread provided by the broker is quite unfavourable at 3 pips on Euro and Dollar. The broker claims to be owned and operated by a UK based company, however, no information regarding the company is disclosed which marks the website as anonymous.
To know more about the company, we did some research and while going through the online registry of the FCA we did not find any information or even the name of the broker on the website of the British financial watchdog. This means that the broker is providing the financial services without any authorization and in the UK providing financial services without authorization is illegal. The danger has been highlighted here as doing investment with an anonymous broker is a complete risk, since the people behind it have no obligation to answer to any authority. Hence, it is reasonable to say that there is a tremendous risk in investing with this broker that has been suspected as a scam.
If you have traded with Navagates and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to scam traders. At Broker complaint registry it’s our job to provide you detailed Navagates review and make sure you can fight back and get your money refunded. By filling the form you have taken the first step to recover your money.
Is Navagates a scam or legit broker?
Navagates has been suspected as a scam broker. We don’t recommend to trade with them and if you are trading with Navagates contact them immediately and try to get your fund out. If the Navagates has done the following, you have probably a victim of Navagates scam broker.
Reason to suspect a scam broker is in action:
The broker froze your account
The broker blocked your account
You cannot login back into your account
Money has been taken out from the account
The broker doesn’t take your calls
The broker shut down his website
You noticed the broker took money out from your bank account with out your permission
The broker is offering you a bonus
The broker is offering you to fund more money into the account after you lost a large sum
Don’t give up. You can fight back and get your money refunded. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process.