23/06/2024

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Scam Or Legit Company? (2024)

Scam Or Legit Company? (2024)

What is NovaTech FX? Is NovaTechFX registered with SEC? How much does it cost to start NovaTech? All these questions are answered in this NovaTech FX review.

Are you looking for a reliable and user-friendly online trading platform? Look no further than NovaTech FX. So, overall, If you are looking for a detailed NovaTech FX review, then you are in the right place! And, also, If you’re interested in starting your trading journey, keep reading to discover what NovaTech FX has to offer.

I am Somraj Mondal, Founder, and CEO of Noni4all.com. On this website, I have reviewed almost 200 direct selling, MLM, Crypto, Forex, and affiliate marketing companies on this blog.

 I am going to share the full details and my opinion about the company in this unbiased NovaTech FX review.

What Is NovaTech FX?

NovaTech FX is an innovative online trading platform that provides traders with access to a wide range of financial instruments, including forex, cryptocurrencies, commodities, stocks, and indices. In this forex and crypto trading platform, people can invest their money in various companies and NovaTech FX will trade your investing meant automatically leveraging their N-Tech trading bot.

According to the official website, Company provides 3 types of plans. One is PAMM and another is MT5 and Plan Cost.

  1. PAMM Accounts: In this type of account, the company traded people’s money with their experienced traders. That’s why the company takes some amount of profit from this investment.
  2. MT5: MT5 is the Mobile Support Trading Account which supports checking account history, investment data, and account status.
  3. Plan Cost

Who Owns NovaTech FX?

Cynthia Petition founded NovaTech in 2019. After founding the company, the main 3  peoples are the backbone of the company

  • Cynthia Petion as CEO
  • Eddie Petion as COO
  • Ricardo Roy as CTO

NovaTech FX Company Profile

Company Name NovaTech FX
CEO Cynthia Petion
Started 2019
Head Office Kingstown, Vatican City
Products and Services Memberships
Website www.novatechfx.com

Where is NovatechFX based?

NovatechFX is based in St. Vincent and Granada.

According to its website, the company has 2 other addresses:

  1. Florida
  2. Estonia

Features and Benefits of NovaTech FX Trading Platform

1. User-Friendly Interface

One of the standout features of NovaTech FX is its user-friendly interface. Whether you’re a beginner or an experienced trader, navigating the platform is intuitive and straightforward. The clean and organized layout allows you to easily access the various features and tools without feeling overwhelmed.

2. Security Measures

When it comes to online trading, security is paramount. NovaTech FX understands this and implements robust security measures to protect your personal information and funds. The platform utilizes advanced encryption technology to ensure that your data remains secure and confidential.

3. Reliable Customer Support

NovaTech FX is committed to providing excellent customer support. According to my experience, their support team is available 24/7 to assist you with any queries or concerns you may have. Whether you need help with account setup, technical issues, or general inquiries, their knowledgeable support staff is always ready to assist you. Basically, when I registered here, I was facing some technical issues completing my account setup, I contact them, and my issue was resolved within just a few minutes.

4. Advanced Trading Tools

NovaTech FX provides traders with a comprehensive set of advanced trading tools. These tools include real-time market data, customizable charts, technical indicators, and analytical tools. With these resources at your disposal, you can make informed trading decisions and maximize your profit potential.

What Are NovaTechFX Products?

Basically, NovaTechFX has no retail products like other MLM Companies. Basically, they have a membership package that you have to sell to get an affiliate commission.

Here is the Membership Package List:

  • Builder Package – $99 to $499
  • Bronze Package – $500 to $2499
  • Silver Package – $2500 to 4999
  • Gold Package $5000 to $9999
  • Platinum Package – $10,000 to $24,000
  • VIP Package – $25,000 to $99,000
  • President Package – $100,000 or more

Although, the company is also offering a $25 per month service fee in all the different packages, which is the minimum price.

How to Join NovaTech FX?

Now, Do you want to join the NovatechFX? If you are thinking of it.Okay. Basically, You have two options of it, One is Purchasing a Membership of the company another is Holding a Trading Account.

So, When it comes to NoveTech membership, you need to pay $49.95 one-time fees and $2.95 per month, regularly. In addition, after getting a membership, you have to invest between $99 and $100,000 to be a part full opportunity.

On other hand, you can get Trading Account by investing a minimum of $99 and paying a monthly service fee of $25 at the retail level.

Pros and Benefits of Trading in NovaTechFX

  • No Trading Experience.
  • Weekly Payouts.
  • Earn Additional income through Affiliate Marketing(Look’s like MLM).
  • Executed in Milliseconds. No Dealing Desks. Trades.
  • Deep Liquidity.
  • 100+ Fiat and Crypto Pairs Available.
  • Compare Benefits and Costs.
  • Quick Approvals.

Is NovaTech an MLM?

Yes., NovaTech is an MLM Company. There is some joining package you need to buy to join the company. Although calling the company an MLM company is not the wrong aspect, there is no doubt that this is an MLM company.

How to make money from NovaTech FX Compensation Plan?

Well, It can be okay to invest your money into another company.

So, when you put your money in NovaTechFX Trading Company, you have to know the ways of income from their compensation plan.

When it comes to their compensation plan, it is primarily a binary compensation plan with performance-based bonuses on top. So, As a Member of this company, you can earn commission in 7 ways, here it is.

1. Direct Referral Bonus

Package Name Bonus
Builder $10
Bronze $50
Silver $125
Gold $250
Platinum $500
VIP $1250
President $5000

2. Fast Track Bonus

Fast Track Bonus is for these people who join other 3 new people within 45 days after registration.

3. Indirect Referral Bonus

When a few people join your team or if any of your Downline members upgrade their plan, the company will pay  Indirect Referral Bonus up to 7 levels.

Level Commission
1  5%
2 2%
3 1%
4 1%
5 1%
6 0.5%
7 0.5%

4. Check Matching Bonus

Level Commission
1  5%
2 2%
3 1%
4 1%
5 1%
6 0.5%
7 0.5%
8 0.25%
9 0.25%

5. Rank Achievement Bonus

Rank Bonus Income
Platinum Associate $100
Junior Executive $500
Executive $1000
Senior Executive $2500
Junior Director $5000
Director $10,000
Senior Director $25,000
1 Star Ambassador $50,000
2 Star Ambassador $1,00,000

6. Residual Income

Level Commission
1  5%
2 2%
3 1%
4 1%
5 1%
6 0.5%
7 0.5%
8 0.25%
9 0.25%

7. Profit Sharing

Profit Sharing is for the top post of the management of the company. 

  1. Senior Executive – 2%
  2. Director – 3%
  3. Ambassador – 5%

Is NovaTechFX a registered  Company?

NovaTechFX is not a registered company. So, Legally, Putting your money into the company is not safe and there is no guarantee of expected or full return.

Though, Certainly, for the time being (June 2022), some people are happy that they can withdraw funds, but, it looks like one type of Pyramid Scheme. But, there is no hard evidence and sign, till now, that it is a  Ponzi scheme.

Is NovaTech a scam?

According to my research and people’s review, NovaTechFX is still paying commissions to their members with a good ROI. But, there is no guarantee of how many days they can survive. In other words, NovaTech FX is a scam in which they are involved in Ponzi Scheme.

FAQ’s

  1. Who can use NovaTech FX?

    NovaTech FX is available to traders of all levels, including beginners and experienced traders. The platform is suitable for anyone who wants to trade financial instruments online, regardless of their location.

  2. How does NovaTech FX work?

    NovaTech FX works by providing traders with access to global financial markets through its trading platform. Traders can use the platform to buy and sell various financial instruments, including currencies, stocks, and commodities. The platform offers a range of trading tools and features to help traders make informed trading decisions.

  3. Is NovaTech FX a legitimate platform?

    Yes buddy, NovaTech FX is a legitimate trading platform that is regulated by financial authorities. The platform uses advanced security measures to protect user data and funds.

  4. What is the minimum deposit required to start trading on NovaTech FX?

    The minimum deposit required to start trading on NovaTech FX is $250. This is a standard amount for most trading platforms.

  5. What trading instruments are available on NovaTech FX?

    NovaTech FX offers a wide range of trading instruments, including forex, stocks, indices, and commodities. Some of the popular instruments available on the platform include EUR/USD, Apple Inc., S&P 500, and gold.

  6. What are the trading fees on NovaTech FX?

    NovaTech FX charges competitive trading fees, including spreads and commissions. The exact fees vary depending on the financial instrument being traded and the trading account type.

  7. What is the maximum leverage offered by NovaTech FX?

    The maximum leverage offered by NovaTech FX varies depending on the financial instrument being traded and the trading account type. Generally, the platform offers leverage of up to 1:500.

  8. What is the withdrawal process on NovaTech FX?

    To withdraw funds from your NovaTech FX account, log in to your account and navigate to the “Withdrawals” section. Choose your preferred withdrawal method, enter the amount you want to withdraw, and submit your request. The withdrawal process may take a few business days to complete, depending on the payment method used.

  9. What should I do if I experience transaction problems on NovaTech FX?

    If you experience transaction problems on NovaTech FX, contact customer support immediately for assistance. You may also want to check your account balance and ensure that you have sufficient funds for the transaction.

Conclusion

So, this is the last of this unbiased review. NovaTech FX is a crypto forex trading company where you can trade or invest money.  I hope you got complete information about NovaTech FX company from this review. If you say me, What is my final opinion to join the company, my answer will be a BIG NO.

Now, I want to know you:

Do you want to trade on this platform?

Or maybe you just wanted to double-check about this platform and what you already suspected.

Let me know in the comments section now.

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