Nava Gates-Overview of Minimum Deposit, Leverage, Spreads

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).

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.