Navik Forex Broker keeps up-to-date with the latest trading account information, including Standard account, Micro account, Platinum account maximum leverage of 1:100, trading varieties, and more
Rating Index
Pros
Lack of regulation raises significant concerns about the safety of funds and the broker's legitimacy.
The website has gone offline, indicating potential operational issues and lack of transparency.
Warnings from reputable regulatory authorities suggest that it may be functioning as an unauthorized financial entity.
Cons
No official address or regulatory oversight, increasing the risk of fraudulent activities.
Numerous negative reviews and complaints highlight dissatisfaction among users and potential scams.
Unrealistic promises of high returns and passive income opportunities may mislead investors.
Navik broker Accounts
Standard account
Micro account
Platinum account
Navik Account Type
Navik offers various account types for traders, including standard trading accounts with specific features tailored to different trading needs. The maximum leverage available is 1:100, with a minimum deposit requirement of $10,000 for standard accounts. The minimum spread starts from 1 pip, and the minimum position size is 0.01. There are no restrictions on broker accounts, and support services are provided by WikiFX. Additionally, traders can utilize Expert Advisors (EAs) for automated trading.
Navik Broker Account Opening Process
Opening an account with Navik involves a straightforward process, which can be completed online. Here are the steps to open a broker account:
- Visit the Website: Navigate to the official Navik website at [Navik Capital Ltd](https://www.fx ncl.com/).
- Choose Account Type: Select the type of account you wish to open based on your trading needs.
- Complete Application Form: Fill out the application form with your personal information, including:
- Name
- Email address
- Phone number
- Address
- Financial information
- Submit Documentation: Provide necessary documents for verification, which may include:
- Proof of identity (e.g., passport or ID card)
- Proof of address (e.g., utility bill or bank statement)
- Financial information (e.g., income proof)
- Deposit Funds: Once your account is approved, fund your account with the minimum deposit required.
- Start Trading: After funding your account, you can begin trading on the platform.
Please be aware of the risks associated with trading, as Navik is not regulated and has been flagged for potential high risk.
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