NavionFX claims to be a regulated and it states that its regulatory oversight comes from Saint Lucia. Although we have found a registration for the company Navion FX Limited with the Saint Lucia International Financial Centre (IFC), it is critical to understand that this registration only grants the company International Business Company (IBC) status and does not equate to a legitimate financial services license. The Saint Lucia IFC does not regulate or license forex trading activities. By presenting its IBC registration as evidence of regulatory compliance, NavionFX appears to be misleading investors into believing it is properly authorized and supervised. In fact, it operates without any regulatory license. Therefore, NavionFX is very likely to be a fraud.