Navitas Markets Website – https://www.navitasmarkets.com/

Navitas Markets Address – Continental Building, 25 Church Street, Hamilton HM 12, Bermuda

Warnings Against Navitas Markets – National Securities Market Commission (Spain)

Introduction

Navitas Markets is an online trading company which is owned by Salvax Limited. It is located at Continental Building, 25 Church Street, Hamilton HM 12, Bermuda. The website of Navitas Markets is found at navitasmarkets.com. They can be contacted by email at support@navitasmarkets.com or by phone at +441216476059. They claim that they offer more than 80 financial instruments with tight spreads. To know more about this broker, read a complete Navitas Markets review.

NavitasMarkets Regulation Status

NavitasMarkets claims that they are regulated by its jurisdiction with the name Salvax Limited. The company is based in Bermuda, but it is a UK territory, and Bermuda does not regulate forex trading in that region. It indicates that this broker is suspicious and not regulated by an authority.

CNMV Warning

NavitasMarkets got a warning from a regulatory authority of Spain – ComisiónNacionaldel Mercado de Valores (CNMV). According to CNMV, the broker is offering trading and financial services without being authorized to do so.

It is not safe to trade with any offshore and unregulated entity.

Disadvantages

  • Most brokers offer lower spreads in the range of 1.0 – 1.5 pips, but NavitasMarkets offers spread around 1.9 – 2.0 pips, which is very high.
  • In demo mode, they do not offer CFDs on commodities, indices, and stocks.
  • This broker got negative customer reviews and low ratings on other sites.
  • Details are missing about the owner’s name and their regulation licenses.

How does the NavitasMarkets.com scam work?

Usually, scam brokers and scam trading platforms can contact you through phone calls or the internet. They will call you and ask for an initial deposit. They will make you some fast profits on a small investment to gain your trust. Once they gain your trust, they ask for a large deposit. After that, scam brokers shows some result, such that you are losing money in the market. But later you will realize that they are scam brokers, and you lost your precious money with them.

Customer Review on Navitas Markets

Lucenteq, always advises checking all the customer reviews about a broker before investing money are important. We found that Navitas Markets broker got negative reviews on other sites. With this review and reading all other negative and positive Navitas Markets reviews, we found that this broker is not safe to invest in. You can avoid scam brokers by reading all the scam brokers’ reviews. Lucenteq provide a scam broker list for 2021 and 2022 that can help you to avoid such scam brokers.

Conclusion

We do not recommend that you trade with this broker or any other unregulated broker. If you trade with an offshore or unregulated broker, your funds are at high risk. It’s better to avoid unnecessary risk, and taking the right step after a scam is also necessary. If you are a victim of an online scam, you can file a chargeback for fund recovery. Fill out a complaint form on our website. Lucenteq will provide a free consultation, and guide you in the process of fund recovery.