Score

1.50 /10
Danger

Nava Gates

Dominica

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.91

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Share Oracle Ltd

Company Abbreviation

Nava Gates

Platform registered country and region

Dominica

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Nava Gates · Company summary

General Information

Nava Gates is allegedly a broker registered in Dominica that provides its clients with the worlds popular MetaTrader4 trading platform, leverage up to 1:400, floating spreads on various tradable assets, as well as a choice of four different account types.

Market Instruments

Nava Gates advertises that it offers a wide variety of trading instruments in financial markets, which include but are not limited to CFDs on currency pairs, stocks and indices.

Account Types

There are four live trading accounts offered by Nava Gates, apart from demo accounts, namely Bronze, Silver, Gold and Platinum. Opening a Bronze account requires the minimum initial deposit amount of $250, while the other three account types with the much higher minimum initial capital requirements of $2,000, $10,000 and $50,000 respectively.

Leverage

Traders holding different account types can experience quite different maximum leverage ratios. Clients on the Bronze account can experience the leverage of 1:100, while the Silver account can enjoy a leverage of 1:200, the Gold account with a leverage of as high as 1:300 and the Platinum account with a maximum leverage of up to 1:400. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Spreads are influenced by what type of accounts traders are holding. Nava Gates reveals that the spreads in the Bronze account start from 2.8 pips, the clients on the Silver account enjoy spreads from 2.5 pips, while the Gold account with spreads from 1.5 pips and the Platinum account with spreads from 0.1 pips.

Trading Platform Available

When it comes to trading platforms available,Nava Gates gives traders the worlds most widely-used MetaTrader4 platform. MT4 is known as one of the most successful, efficient, and competent forex trading software, providing an advanced charting package, lots of technical indicators, an extensive back-testing environment and a variety of Expert Advisors (EAs).

Trading

Deposit & Withdrawal

Nava Gates accepts deposits and withdrawals via bank transfer and credit/debit cards such as Visa and MasterCard. The minimum deposit amount is $250.

Customer Support

Nava Gates‘s customer support can be reached through telephone: 441568667233, email: support@navagates.com. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.

User Reviews

More

User comment

1

Comments

Write a review

FX1358556360
more than one year
Nava Gates has been trading on my account without my permission and has lost all my money. To save paying out I assume BEWARE. KEEP YOUR MONEY!!! DO NOT TRUST THIS SITE. JUST STAY AWAY!!!!
Nava Gates has been trading on my account without my permission and has lost all my money. To save paying out I assume BEWARE. KEEP YOUR MONEY!!! DO NOT TRUST THIS SITE. JUST STAY AWAY!!!!
Translate to English
2023-03-08 15:18
Reply
0
0