The Norvatix broker claims to be under the ownership of Norvatix Ltd, a Hong Kong-based company. They assert a customer base of over 100,000 satisfied clients, but given their registration as recent as August 2023, such a claim seems highly implausible.
Taking this into consideration, it becomes evident that this broker lacks authenticity. However, to provide a thorough and impartial evaluation, let’s delve into this comprehensive Norvatix review with diligence.
Legal Status: Is Norvatix Trustworthy or a Scam?
In principle, Norvatix should hold a valid license from HKMA or SFC. While the company does mention SFC authorization on its website, it is linked to a different entity, not Norvatix Ltd.
Given that Norvatix primarily targets France and Belgium, one would expect them to possess an AMF or FSMA license, or at least a Tier 1 regulation such as FCA, BaFin, or ASIC. The absence of such credentials indicates that claims made by this potentially fraudulent broker should be treated with skepticism.
Norvatix’s Client Base
According to who.is, the website was launched in August 2023. Despite this recent inception, the company asserts a customer base of 100,000 with an impressive 4.5 Trustpilot rating. However, these figures appear to be fabricated. Victims of this scheme are predominantly located in:
- France
- Belgium
If you’ve fallen victim to this deception, please don’t hesitate to share your experience. Our refund team is here to assist you in recovering your funds.
Trader Feedback
Contrary to the broker’s claims, Trustpilot reviews paint a less flattering picture. Instead of a 4.5 rating, Norvatix currently holds a 3.6 average with 7 comments. There are already reports of withdrawal difficulties, indicating potential problems ahead for investors.
Investing with this broker may be a nerve-wracking experience. Unless you’re prepared to pursue a chargeback immediately, feel free to reach out to us for assistance.
Conclusion
In conclusion, Norvatix raises several red flags that warrant caution from potential investors. Despite claiming to have a significant customer base and positive reviews, there are significant discrepancies in the information provided by the company.
The lack of appropriate regulatory licenses and the misrepresentation of regulatory authority affiliations are major concerns. Norvatix’s focus on France and Belgium, along with its dubious Trustpilot rating, further contribute to suspicions of fraudulent practices.
Traders should exercise extreme caution when considering Norvatix as an investment platform. If you’ve already been victimized by this broker, seeking assistance from a refund team may be your best course of action. Be wary of potential withdrawal difficulties and consider pursuing a chargeback if necessary. It is essential to stay vigilant and prioritize due diligence to protect your financial interests.
Comments