Norvatix broker is owned by Norvatix Ltd registered in Hong Kong. According to the company, they already have more than 100K happy customers. But with registration in August 2023, that’s practically impossible.
With this in mind, you can already see that the broker is not genuine. But let’s be fair and go through this comprehensive Norvatix review carefully.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | N/A |
| Registered In: | Hong Kong |
| Operating Since: | 2023 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | 1:400 |
| Minimum Deposit: | 500 EUR |
| Deposit Bonus: | Not available |
| Trading Assets: | Cryptos, Forex, Indices, Shares, Commodities |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Withdrawals with non-transparent brokers can only be a nightmare. But keep in mind that our refund specialists can help you if you experience any problems. Contact us already today! |
Legal Info: Is Norvatix Legit Or A Scam?
Primarily, the company should have a HKMA or SFC license. Indeed, the company mentions its SFC authorization on the website. Yet, it’s not linked to Norvatix Ltd, but to another entity.
Since the company is targeting mainly France and Belgium, you would expect them to have an AMF or FSMA license. Or at least any Tier 1 regulation like FCA, BaFin or ASIC. Since that’s not the case, now you can freely ignore anything this scam broker claims.
Who Are Norvatix’s Clients?
According to who.is, the website started in August 2023. Yet, the company claims to have 100K customers and a 4.5 average rating on Trustpilot. But all those are bogus lies. Traders that are mainly scammed with those lies are coming from:
If you were also one of their victims, let us know. Ultimately, our refund team can help you with recovering your money.
Traders Experience
As can be seen, Trustpilot reviews are not as positive as the broker claims. Instead of 4.5, they currently have a 3.6 average rating with 7 comments. But it will get worse and worse. There are already people complaining about withdrawal problems.
So, prepare your nerves if you invest with this broker. Unless you want to apply for a chargeback immediately, where you can contact us for help.
Investment Costs With Norvatix
Important to realize is that this Norvatix scam broker only reveals its leverage. But even the leverage of 1:400 doesn’t comply with any regulations. This primarily refers to Europe where retail traders can get a maximum of up to 1:30. But if you take a look at our Exobit review you will realize why trading fee transparency is important.
Bonuses
In general, bonuses are a great trick for scammers to extort more money from traders. But keep in mind that nothing is for free. Usually, if you look closely, you will see shady clauses preventing you from withdrawing the funds.
Since Norvatix broker doesn’t have T&Cs at all, it’s hard to prove if they have a bonus offer or not. Currently, there are no such promotions on their website.
Norvatix Trading Features
According to the company, they are offering a web trading terminal. However, the page doesn’t work. This is not surprising for such a shady broker. But what you can expect from them is only a basic web trader with minimum functionalities and features. For them, it’s most important that they can manipulate it.
Is Norvatix Legit?
No. Absolutely not. The company is not regulated and they are misleading traders about it. Also, the company is hiding its T&Cs and trading software. Not to mention unknown trading conditions. Practically, wherever you look at you can see they are a fraud.
Available Trading Assets
Tradeable assets with shady brokers are quite irrelevant. Primarily because brokers very often manipulate data. Therefore, you won’t have a realistic picture of your knowledge. Anyway, trading options are:
- Forex – USD/JPY, AUD/SGD
- Commodities – gold, platinum
- Indices – DAX30, ASX200
- Shares – Walt Disney, Netflix
- Cryptocurrencies – BTC, ETH
Account Types
Norvatix broker offers 6 different account types. Yet, none of it presents you with financial benefits. Only fake support and management features. Anyway, you can choose between:
- Startup – 500 EUR
- Classic – 5.000 EUR
- Intermediate – 25.000 EUR
- Advance – 50.000 EUR
- Integral – 100.000 EUR
- VIP – 250.000 EUR
Mobile Trading App
It seems that the company advertises mobile apps for iOS and Android. But, that page doesn’t work either. Same as with their regular terminal.
Demo Account
Considering their hide-and-seek game with the software, we are not surprised they are not offering a demo account. But that’s at least another warning sign for you. And to see how important the transparent and trusted software is, read our iTradeFX review.
Norvatix Withdrawal
If you were expecting smooth Norvatix withdrawals, you can forget it. The company doesn’t reveal withdrawal policy, processing time or fees. But nothing more is expected from an unregulated broker. In any case, you have a way more transparent broker to work with.
Customer Support
At least something positive about this broker is their customer service contact options. You can choose from phone, e-mail and web form. But sometimes those phone lines are VOIP services that still keep them anonymous.
Key Information To Consider About Norvatix?
Everything about this broker smells like a fraud. Starting with lies about regulations and their customer’s number. On top of that, there are non-transparent software and trading conditions. Not to mention, missing withdrawal policy and T&Cs.
The best option is to avoid the broker if possible. But if you already got caught with them, don’t worry. Our specialized refund team can advise you on further steps. In less than a minute you can book your first free consultation with us. Don’t waste time and start your funds’ recovery process today! Get in touch!
FAQ Section
Who Norvatix?
Norvatix is a broker allegedly registered in Hong Kong with more than 100K clients. Yet, their registration is fake and they are not licensed there.
Is Norvatix A Scam Or Legit?
Norvatix is a scam broker. Primarily, they are lying about regulations and the number of active customers. But also they hide software, conditions and terms of use.
How To Get My Money From Norvatix?
Withdrawals are excluded from options. The best choice is the alternative refund method or chargeback. But for assistance with those, we suggest you contact our specialized team.
Source:
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