Navagates reviews. forex broker reviews

Navagates forex broker reviews


2020-03-05 22:11:00

Navagates broker, Navagates, Navagates reviews


The last few decades China has been actively trying to create a competitive automotive industry, but now, judging by the Navagates broker, they are switching to electric cars. The government believes that they will help solve numerous environmental problems, raise the technological level, and possibly reduce the amount of oil purchased. China's automobile companies already have fairly cheap electricity, strong production, successful projects in cooperation with leading world enterprises and, most importantly, full support from government agencies. The government wants China to become a world leader in this industry, which they see as the future market. However, the Chinese will have to hurry, even if the whole world chooses electric cars, because their market is overheated, and Navagates review analysts are already talking about a bubble that could be a catastrophe if government support ceases.


Electric cars on the rise


It is worth noting that competition in the electric car market is taking place between a variety of companies, including traditional car manufacturers, Internet companies, startups and even real estate construction companies. According to the results of research by Navagates scam analysts and ZSW, the Center for Solar Energy and Hydrogen Research in Germany, electric car sales in 2018 almost doubled, compared to the previous year, their total volume exceeded 1.2 million, which means that China accounts for about half of the global electric car sales. The USA traditionally takes the second place (about 360 thousand in 2018). In total, there are now about five and a half million electric cars in the world, and a little less than half of them are owned by the Chinese.


However, despite the fact that sales continue to grow, the Chinese car market consists of electric cars in only a small fraction so far. According to the China Automobile Manufacturers Association, only 4 percent of car sales for 2018 came from electric cars. Analysts at the Navagates broker review believe that by 2025 (as planned by government in China), the total annual sales of electric cars with batteries, hybrids with the possibility of recharging batteries and cars in which fuel cells are present in addition to the battery will amount to about seven million units - approximately fifth of the Chinese car market. To collect this many electric cars you don’t need to attract all five hundred Chinese companies that produce them (and they will probably become more and more), because such a plan involves about 14 thousand electric cars per manufacturer per year, which is completely insufficient for profitability .


A shortage of demand is likely to lead to the survival of the largest, and small companies will leave the market, says reviews.


The economy must be economical


How quickly the Chinese electric car market has grown is largely due to government support. As far back as 2016, Chinese authorities introduced a subsidy program for electric car companies, which made it possible to keep prices low, but in the spring of 2019, subsidies were cut in half. Earlier, the subsidy for an electric car with a running stock without refueling more than 400 kilometers was about 50 thousand yuan (7.5 thousand dollars), but now it has dropped down to 25 thousand. In addition, the lower limit has also increased for those cars that could qualify for subsidies, now the power reserve without additional refueling should be at least 250 kilometers (as opposed to the 150 km limit that stood earlier), according to Navagates broker.


State authorities in China have announced that cutbacks in subsidies will continue, and are likely to completely fade away after 2020. Representatives of the Ministry of Finance say that this should stimulate the carmakers of China and make them rely more on their own innovation, and less on government assistance. Those funds that will be freed up by reducing subsidies will be used to improve the network of charging stations and the rest of the infrastructure necessary for the operation of environmentally friendly transport. There are already about 800 thousand charging stations for electric cars currently in China (most of them are concentrated in large cities like Beijing and Shanghai), and in the near future, according to the Navagates review, their number is expected to grow to 5 million.


Foreign companies are also trying to keep up, imposing fierce competition on Chinese manufacturers. In 2018, Tesla sold more than 14 thousand electric cars in China, and in the near future expects to complete the first stage of the construction of a new factory in Shanghai - Gigafactory 3. This giant factory will be the base for the assembly of not only batteries, but also cars such as Tesla Model 3 and Model Y as a whole, and production volumes are expected to be about half a million electric cars annually. Also, Fiat Chrysler, Honda and Toyota are trying to get into the Chinese market, according to Navagates forex, but it is assumed that they will not sell their own developments: their product will be the model developed by the GAC Group, with some modifications.


Foreign manufacturers are serious rivals, and given the upcoming reduction in subsidies, it is likely that only the largest manufacturers in China, who have both experience and customer base, and a wide range of products, will be able to survive in such an environment. One such company may be BYD funded by Warren Buffett. Those who have no such experience and support yet are at serious risk, according to Navagates scam analysts.

Navagates, Navagates reviews, Navagates broker


Eastern competition


The so-called “green credit system” was introduced in China last year; those manufacturers that produce more than 30 thousand cars annually must collect a certain amount of so-called loans. In fact, these are points that are assigned to models of electric cars. The more energy-efficient the new environmentally friendly car is and the higher the rated power of its fuel cell systems, the more points the company that released it will receive. In 2019, the environmental plan was as follows: for a hundred cars with an internal combustion engine, the company should have ten “green loans”, and in 2020 their share, according to the Navagates broker review, increased to 12%. Companies that for one reason or another could not achieve the desired indicator should buy the missing loans from the outside, or pay fines.


Also in 2019, a reform of the rules was carried out according to which foreign investors can own electric car manufacturers in China. This year we should expect concessions for the commercial vehicle market, and two more years later for the Chinese car market as a whole. Thus, the country's government demonstrates its support for the free market and competition: they do not impose direct prohibitions on ownership, but use more complex regulatory mechanisms.


Green loans, which reviews wrote about earlier, can be an excellent tool for the Chinese government to influence foreign companies. At present, the share of green loans in the country is about 18 percent, which significantly exceeds the required rate of 10%. It is worth noting that this number is provided mainly by large manufacturers of Chinese cars, which are successfully gaining more and more points for the production of electric cars. Almost 96% of green loans come from Chinese companies, such as BYD and SAIC, and it becomes very difficult for foreign companies to reach the required indicators. For example, the Navagates review writes that the state-owned SAIC company has already received more than 300 thousand loans, and only about 30 thousand of them account for joint projects with General Motors and Volkswagen. In addition to the aforementioned, there is also a calculation of loans for fuel efficiency in China , and in this regard, foreign enterprises also cannot be compared with the Chinese.


Theoretically, major auto manufacturers in China can use the accumulated loans to pressure foreign partners. The automobile market looks promising for foreigners, but attempts to expand are constrained by the inability to get the right number of loans. The Chinese can play by their own rules - local companies can always maintain a larger share and influence thanks to loans. In particular, Navagates broker reports that Toyota has already issued a statement stating that it is not able to collect the required number of loans on its own, and has agreed to produce a car for the GAC Group in exchange for the missing ones.


In parallel, German companies such as Daimler and Volkswagen are making plans to deepen cooperation with manufacturers from China. Volkswagen believes that China will gain the role of the largest automotive market in the future and, as Navagates forex believes, they count on long-term success there. In particular, negotiations are underway with the JAC Motors company, which is owned by the state, regarding the joint production of light vehicles (including electric vehicles).


What do they see in China?


The Chinese market inspires many leading car manufacturers around the world. There are a lot of people, but not as many cars, which provides excellent opportunities for market growth, according to Navagates scam analysts. General Motors is very actively planning implementation; in the last decade, things were not going very well for the company, a set of problems forced them to withdraw more than three million cars. As a result of this, the monetary statistics of the enterprise sagged very much, the company owed a large sum of money to the United States government, their production dropped, and the market share fell sharply. The Chinese market can be a real salvation for General Motors.


However, problems arose not only for GM, in one form or another they are inherent to almost all car manufacturers: in 2018, shares of companies such as BMW, Toyota and Ford sank significantly, according to the Navagates broker review. Representatives of the companies say that the main problem for them is technology, that they need to significantly reduce production costs and search for fresh technical solutions. In 2019, the President of General Motors said that the company will focus on the electric car market, and that China is at the center of their strategy.


GM already has a rather large share in China - more than three million cars are sold there annually (the usual ones this far), and by 2023 the company representatives promise to provide about twenty new models fully electric. The main idea for such a shift in emphasis is the fact that electric cars require significantly less components than ordinary cars, however, in this light, a very low localization of production for them can become a problem.


At the same time, the Chinese themselves are trying to keep up with the market: according to analysts, more than $ 18 billion of investments have been collected by startups in the field of electric vehicles since 2011, and most of the largest are Chinese, such as NIO and Youxia Motors. Analysts estimate their combined production capacity at approximately 4 million electric cars per year; at the same time, Chinese car manufacturers still mainly worked in the domestic market. The Chinese successfully lured major global manufacturers such as BMW into their market, but they did not seriously enter the world market  themselves. For this, preconditions may arise in the future when the electric car market in the country consolidates and becomes saturated, as a result of which large enterprises with the necessary experience will be formed; but while China is still at the stage of state subsidizing of the industry, even leading professionals from reviews are in no hurry to talk about it.




Views: 820




I have been trading Forex for more than 5 years, mostly with manual and automatic trading. I set up advisors for round-the-clock automated trading. I'm sure I can help to establish your trading skills....


Comments ()

  1. guest review Ismail Crowther 02.04.2020
    Nava Gates all the way! That's what you call a broker!
    1. guest review Kason Zavala 09.04.2020
      Yup, I've been working with Nava Gates for a while. Got some good coin and pretty happy right now.
      1. guest review Pharrell Villegas 20.04.2020
        I don't really care that Nava Gates is sticking to metatrader only, it's totally sufficient. What means is the profit and they do provide.
        1. guest review Benjamin Kouma 06.05.2020
          When I first entered the trading world, I was thinking with, eeeeh, dunno what but surely not my brain, you could've written a book based on my mistakes. Good thing I've wisen up and working with a broker now. No, not Nava Gates but similar.
          1. guest review Willie Noel 11.05.2020
            I just cant understand all those guys whining about the market decline. Market has always been strange, and it was never a reason not to work in it. Get yourself a good broker, maybe, like Nava Gates.
            1. guest review Kim Rios 20.05.2020
              Nava Gates? Yeah, been there. They're okay. Just don't expect too much.
              1. guest review Khalil Tucker 30.05.2020
                Yup, Navagates is my broker for some time now, half a year or so. They are fine, you just have to adjust your expectations — don't wait too hard for a money shower, it's not a broker's task to organize those.
                1. guest review Ramone Stevenson 06.06.2020
                  I'd really wish Navagates had a bit faster response timing when it comes to customer support. Everything else is okay and I really like them, but customer care irritates me sometimes.
                  1. guest review Brady Hayes 17.06.2020
                    Have anyone heard anything before about those Navagates guys? If yes, pls share some info, I would really like to see my broker options a little better.
                    1. guest review Theon Daniels 25.06.2020
                      I’ve encountered some money issues lately and had a thought that I might need some new source of income; Navagates and trading foreign exchange was my activity of choice, and I've just got my first good trade. Hope they will improve with time.
                      1. guest review Abdur Hardin 04.07.2020
                        My experience with Navagates was half-satisfactory. I did manage to earn some good cash, but the stress was really high, the trading itself is too stressful for me. I guess I'll be taking a break from it soon.
                        1. guest review Rex Irvine 18.07.2020
                          Well, you know, sure, I like Navagates entry terms too, but what about their support team? To me it's lacking. They can really step up if they do smth about their service
                          1. guest review Michael 27.07.2020
                            Trading can be really complicated or pretty simple, it all depends on the broker you guys choose. This company here surely works for me, so I'm sorry if I can't feel your hardships, maybe I just get it all easy.
                            1. guest review Lawson 02.08.2020
                              The metatrader this broker uses seems a bit outdated to me… my trader buddies keep telling me it's and industry standard though. Well, maybe it's just my impression. Works pretty stable anyway.
                              1. guest review Joseph Dennis 06.08.2020
                                I consider this broker to be perhaps the best way to enter the trading market right now. They have some flawed aspects to them with a lot to be desired, but they are really strong overall and you would definitely profit working with them (given you understand how trading works, of course)
                                1. guest review Blaise Randall 11.08.2020
                                  There are a lot of stories about brokers who can magically make you rich in a matter of couple of months, yeah. I believe you should always check everything by yourself, with your own eyes. I did it with this broker, and now they are my trusted companions. Reserach, don't believe blindly.
                                  1. guest review Duane 15.08.2020
                                    I have nothing bad to say about this broker. They have really interesting and profitable terms, some unique features like their support service style — I've never encountered such a friendly and cool bunch of guys as far as brokers go. Would be wise of you to try them.
                                    1. guest review Lionel 21.08.2020
                                      My trading skills are quite average, to be honest, but this company has managed to make even a mediocre trader like me prosperous. They are always providing a lot of beautiful opportunities so I always have a lot of options to choose from when I’m trading. Gotta thank these guys for my success, I think.
                                      1. guest review Mark Harris 26.08.2020
                                        I wouldn’t count on becoming extremely rich within a couple of weeks of cooperation with this company, but it’s not really up to them, you know, they’re only brokers. If you are a good trader, you might get some really good results from cooperation with them, of course; it’s all up to you in the end.
                                        1. guest review George F. 30.08.2020
                                          It’s really strange how many beginners start their trading careers without finding a decent broker first. In my opinion it’s a grave mistake. Brokers can make or break a trader, so I would advise you to spend enough time on searching for a good one. This one, in particular, can be really useful for you beginners.