norvatix.io has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: norvatix.io.
After for over three years with norvatix.io, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Transparent fees|Easy to use platform|Good analytical tools
Cons: Minimum deposit could be lower
Where do I even begin with norvatix.io? for nearly two years of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Professional team|Fast execution|Automated trading options|Instant funding
Cons: Nothing significant|Would like more payment methods
norvatix.io offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Easy to use platform|Dividend tracking
Cons: Nothing significant
The only good thing about norvatix.io is that they remind you why regulation matters. I found them from a blog post comparing services. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Responsive team|Quick verification
Cons: Limited ETF selection
The so-called education at norvatix.io is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a few weeks now thinking they would help me learn.
Pros: Low minimum deposit|Good mobile app|Real-time alerts|Easy withdrawals
Cons: Nothing significant
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. norvatix.io said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Comprehensive tools|Multi-currency support
Cons: Help articles are sometimes vague|Minimum deposit could be lower
norvatix.io seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Helpful community forum|Easy to use platform|Multiple order types|Tax reports included
Cons: Would like more payment methods
Do not believe the bonus offer from norvatix.io. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after comparing multiple platforms and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Reliable uptime|Dedicated account manager|Two-factor authentication|Dividend tracking
Cons: Would like more payment methods|Currency conversion fee exists
KYC with norvatix.io is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Tax reports included|Customizable dashboard
Cons: Withdrawal takes 1-2 business days
norvatix.io has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Customizable dashboard|Reliable uptime
Cons: Inactivity fee applies after 12 months