NovaTech Ltd Review: Novatechfx.com is a Scam. Do Not Invest.

NovaTech Ltd Review, NovaTech Ltd Company
NovaTech Ltd Review
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Summary

NovaTech Ltd is a scam platform that promises its clients a seamless trading experience. The company is shady with multiple red flags like lack of a license and anonymity. Invest with the best crypto trading websites.

NovaTech is a company that provides a crypto and forex trading platform to investors. The company believes they have the best platform in the market. This is despite the company being around for a little over a year.

The company promises clients ultra-low commissions and the best PIP Spreads. However, all this does not matter if the company cannot provide a safe trading environment. There are several aspects you have to look at to determine the legitimacy of a company.

NovaTech Ltd Review, NovaTech Ltd Company

For starters, ensure you are investing with people with verifiable identities. That is the best way to avoid investing with people with criminal backgrounds. Additionally, ensure you are investing in a company that meets regulatory requirements.

You need to be vigilant in the trading space. We see the rise of new fraudulent companies each day. They come in the market promising things they cannot deliver. Such companies are only in it for the money.

Fortunately, there are legitimate cryptocurrency trading brokers in the market. Ensure you only invest with such companies. They will help you secure and grow your funds.

NovaTech Review

Novatech is a well-built website with a nice aesthetic. You might think that the people behind the platform are professionals. However, there are other features that make us doubt this proposition.

The website states that you do not need prior experience to use the platform. However, any seasoned trader will tell you differently. Trading platforms can be overwhelming to first time traders. Therefore, it is important to get clients oriented to a platform.

Sadly, the company only avails educational material to people who invest. This means that you have to invest some money with the company no matter your trading experience. This shows a lack of interest in customer satisfaction. You should never invest in a company that does not care about your well-being.

Other than trading, the company has an affiliate program. This gives clients an extra way to earn some income. You need a sponsor to join this affiliate program. In case you don’t have a sponsor, the company randomly assigns one to you.

The company offers referral bonuses for every client you refer. However, novatechfx.com does not go into detail about the amount of revenue you receive. Nonetheless, they list a number of items that you can win in the referral program.

The referral program has seven levels. Each level comes with extra perks. However, the company does not state the requirements you have to meet to level up. There is a lot of missing gaps in the company’s referral program.

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Account Types

There are six different investment packages on the NovaTech platform. These include the Builder Package, the Bronze Package, the Silver Package, the Gold Package, the Platinum Package, and the VIP package. The packages differ depending on the amount of money you invest.

The minimum investment for these packages are $99, $500, $2,500, $5,000, $10,000, and $25,000 respectively. All the packages have a $25 monthly service fee except the VIP package. Additionally, the accounts include fully serviced PAMM accounts.

NovaTech Ltd Scam Review, NovaTech Ltd Account types

A PAMM account is a unique product that allows traders to earn without having to trade. You can invest your funds and leave the trading to experienced traders. The company promises to provide the most experienced account managers.

However, the company does not introduce the traders to the public. It is impossible to tell the kind of trading experience that these people have. You should only leave your trading in the hands of experienced account managers. If you cannot verify this to be the case, then do not invest your money.

NovaTech Ltd Founders and Physical Location

It is very important to know the people you are investing in. This will give you some insight into what to expect from the company. NovaTech provides the names of the team members to ensure transparency.

However, there is nothing exciting about this. The company’s CEO is Rev. Cynthia Petion. On the other hand, the COO of the company is Eddy Petion. These two were involved in a very suspect company. They were the top officials behind the company AWS Mining.

In 2018, the Texas State Securities Board issued a cease-and-desist against the company. These are shady individuals that do not deserve your trust. They have already scammed enough people online. Do not become their next victim.

Even worse, the company operates from a very shady jurisdiction. The company claims to operate from Saint Vincent and the Grenadines. This jurisdiction does not have a reliable regulatory body. Anyone can register a company without ever stepping foot in the region. Consequently, it is a paradise for fraudulent companies.

Regulation and Fund Safety

The biggest red flag about this company is its regulatory status. The company has no regulation from a reputable body. Regulatory bodies keep companies in check to ensure they are not running criminal operations. Therefore, a company without regulation can do anything it wants to.

Furthermore, regulatory bodies ensure that companies have the right banking set up. This ensures that the company can offer funds’ safety to its clients. Without regulation, a company cannot assure you of your funds’ safety.

Moreover, there is no evidence of systems’ protection on novatechfx.com. The company does not present any SSL certification to prove its systems are secure. This means that hackers can easily access and steal your funds. This is a huge red flag.

Further, hackers can steal your personally identifiable data. There is just too much to lose with this company. Do not give them your money if you want peace of mind.

Domain Insight

The official domain for this company is novatechfx.com. The founders registered the domain on the 17th of June 2019. They later updated the registration on the 16th of June 2020. The expiry date now stands at the 17th of June 2021.

It is fascinating to know that the company only takes out one year registrations. It means that they have no intention of sticking around for long. They may take off with investors’ funds after this period is over. Only invest in companies committed to providing services for a long time.

Moreover, Whois records reveal the registrant’s location as the United States. This contradicts the information they provide on their website. The probability is very high that the founders have never set foot in Saint Vincent and the Grenadines. The country allows people to register businesses over the internet without much hassle.

Final Verdict

Novatech is not a trustworthy company. There are too many red flags involved with this company. For starters, the founders have a shady history. This is always a red flag. You should run whenever you see something like this.

Additionally, the company does not have regulatory requirements. Therefore, it cannot assure you of your funds’ safety. The founders registered the company in a very shady jurisdiction. They did this to ensure they do not have to meet regulatory requirements.

There are too many fraudulent companies in the trading space. Their only interest is to swindle off their customers. Luckily, there are many legitimate cryptocurrency companies that you can trust. Such companies provide a safe and transparent trading environment.

 

40 Replies to “NovaTech Ltd Review: Novatechfx.com is a Scam. Do Not Invest.”

  1. Yvette Murren

    I would love to know more about the Company you recommend and the security they offer. I was about to invest a large sum of money in crypto trading. Are they registered in the USA and for how long. Thanks for an immediate response.

      • Shawn

        I agree. Novatech is awesome. They have been paying out every Friday and Saturday for over two years now! People are leaving all the real scam companies to come to Novatech.

      • Kryptex

        Any company that promises big returns should be questioned. Here are some questions you should ask yourself:

        1) Who are people behind the company? Read up their backgrounds. Glad to know this site did that.

        2) How easy is it to take out money? You don’t want to lock in your money and get a big return with no means of getting it out.

        I’ll fess up to something here. I got caught up in the Bitconnect BS. Look them up on Youtube. They received a Cease and Desist and they packed up their bags overnight after many people put their life savings into their company. I, thankfully, only invested what I could afford to lose. And boy did I lose that money. Same thing with this company. So beware Novatech. Do your research before investing. Do not go off of just hype. Hype is a phase and is most likely a fantasy. If it sounds too good to be true, it most likely is.

  2. Darline C

    Novatech is a legitimate company providing great services to investors like myself. I’ve been investing with them where I see my profit every Friday. When I had my money sitting in the bank, I barely made any interest. I’ve earned way more in Novatech than any other trading companies I’ve invested with so far. If you’re not part of the company to see how it runs, do not bash them.

    • Andy Nsimundele

      Novatech is a legitimate company that delivers great returns for thousands of people around the world. While I appreciate your policing work, I also disagree that you can bash people just based on your observation as an outsider. This company has changed my life and continues to do for countless people with weekly returns.

    • Vin

      for a long time, the Maddoff investors said the same thing as you are saying. “We dont know how they do it, but we sure get a lot of return on our money!” Until one day, it was all gone. Also, Id like to what happenes when you want to withdraw your money and your earnings and put it, in US dollars, into your US bank account. An account statement that shows you getting big returns is different than getting them out and depositing the US dollars in your bank account. Bernie had all kinds of tricks too.

      • Xavier

        So true. I try to warn people about not to trust this company with their money and they refuse to listen. Some even suspect it’s a ponze scheme/ mlm company but decide to take the chance anyway because they think they can get out before it goes under. With all the great returns they promise, still now the only way I hear of them is through word of mouth. If they were so good they’d be more popular.

      • Jeff Storrs

        Yes and the ignoramus is alive and well. You know what you’re talkin about? Obviously not. Thirty thousand people making money and not one complaint and then there’s jamokes like you who don’t invest but happen to be experts! Experts at knocking stuff that they have no clue about! Experts at making fools out of themselves while other people are just running circles around them getting wealthy. You have a nice day and I’ll never see you on the golden beaches of life! And if you stay underneath your rock less people will be affected by the dirt that you spew.

    • Serge A

      The key to knowing if you are looking at a valid or serious review is did this person do their homework – NO. Can they produce a single person that lost money – NO. Are they trying to sell you on something else – YES.
      It’s great to have review sites but interview actual customers, create a free account, get in, take a look. I recommend this company.

      • Betty C

        I invested 100 thousand I was afraid but I took my chance I did not invite anyone else to join the fear that they would loose their money to. I made my 100 thousand back in about 10 moths now its all benefits. I took the chance of putting back all I made plus more. It has been the best investment return I have seen so far. I have no trading knowledge. I just trust my gut and so far so good. I can only say every Friday I wake up happy.. So help me God

        • James Smith

          Wow great so you put in 100 when you got it back it was in bitcoin right also did you get 100 back all at once because they said you could only get $5000 a day

  3. Joaquin Maldonado

    This is clearly a personal opinion but I wonder if this person was part of it? A little advise, if you are not part of it, I think you should not be making this type of remarks for something that you are not part of because this is working for so many people and that includes myself. Anyone that reads this should do a little more research and consider opinions from people who are actually part of it.

  4. Joseph Slabaugh

    This is an article written a long time ago so Im not sure it is current, but they also have a Florida LLC so Im not so sure you know what you are talking about. In any case I have a few investments that are working and some that didn’t. My favorite is growing at about 5% a month, which is less than NovaTech. So I an slowly growing the Novatech balance as I withdraw from my other companies.

  5. David

    30,000 members going into there 3rd year. Millions invested and not one member has complained about not getting paid every Friday. Im apart of 2 other companies very similar that ha changed my life and there both registered out of the USA. This company is licensed in Florida, just check sunbiz.org and they also are registered in St Vincent and the Grenadines because of the ease of use for forex and crypto trading. Im so sick of people with poor mindsets, who don’t understand taking calculated risk is what investing is all about. If you go into any opportunity thinking your going to get rich over night, you’ve already lost. The owners of Novatech are accessible, very transparent, and have delivered on all their promises. So I recommend everyone join for a couple hundred dollars and see for yourself.

    • Serge A

      Yes I have made sizable deposits and withdrawals. I think this article is a hit job on a company that has changed so many lives. Contact me if you need to join or simply want to learn more.

    • Renee

      I don’t care what anyone says… I don’t find any truth in this company. It works like those pyramid schemes and whatever profit you make, you are encourage to reinvest it within the company. I hear many defending this company, but the real question here is, has anyone ever withdrew any (large) funds from their account and received actual US dollars??? I know someone who has been a member for about 7 months and he is always persuaded not to cash-out, but to reinvest. He have never seen one dollar ($1.00) in physical form from this company, nor is he able to retrieve his own money that he originally invested. Anyone can create an online spreadsheet to give an illusion that you’re actually making money, but who has actually seen or used funds from this company???

      • Jo Ann Shipp

        Good point Renee. I want to know more. I don’t see on the website where there is actual trading going on. Also, the company is not registered with SEC, why.? They are registered in FL, but what does that really mean.
        All brokers, should be licensed. I just have a lot of questions

  6. JIMMIE WILKS

    Novatech is NOT a scam. They are a legally registered Crypto Hedge Fund Company that has not missed a payout in almost three years and have some of the best traders on the planet. They also own and operate its MT5 Platform and not a third-party. This is one of the best companies on the planet who manages $100s of Millions of dollars. They post weekly and monthly performance reports. When this company hits Forbes, you’ll change your tune. They are changing thousands of peoples lives. You are WRONG.

    • Jeff Storrs

      It’s amazing how people who don’t know anything about what they’re talking about know everything about what they’re putting down because they are ignorant and. I really enjoyed your comment because it just comes out and says wrong and. I have said it so many times this guy is wrong wrong wrong and we just know that we’re on the right boat! Someday maybe we’ll meet and until then I’ll see you on the golden beaches of life!

  7. Robert James

    Have you invested in the company? You should really watch what you are saying about a company you know nothing about. The company is registered in three countries including the USA and they have been around for just about three years now and have delivered exactly as they promised . You don’t have to sponsor anyone to invest with the company, that is an option if you want to earn extra income which I am earning every week. One of the owners only worked for the company that went bankrupt, they were never owners. Maybe you should try investing with them first before you start slandering the company’s reputation.

    • Jeff Storrs

      Excellent post!!! I am so tired of people who have never invested in the company talking crap about a company that is never lost any money in over two and a half years. Me and you are on the right boat and I’ll see you on the golden beaches of life!

  8. Emmanuel Akalue

    Novatech is the best company ever. Simply because we have black entrepreneurs and mainly black investors doesn’t imply any scam activity. As a black man, I’m willing to take my chance with Novatech for better for worse. WHY? I was born poor, I’ve always been poor. If I lose my money, which by God’s grace will never happen, I’ll remain at my poverty level. Nothing to lose since I’ve been a pro in poverty all my life. The only thing about to change, by God’s grace and blessing through Novatech is the breaking of the vicious cycle of poverty and I’m not going to allow anyone jealous criticism of Novatechfx to dissuade me in any way, shape or form.

    • Jeff Storrs

      I am so lost? What does the color of your skin have to do with this? Who brought up the race issue? I have never once seen anything said about black red white green yellow purple fuchsia or gold people. I’ve actually never known race to have anything to do with Trading because metatrader 5 doesn’t know the color of your skin. And neither do the expert traders that are sitting down working for us.

      • EZEMUNA

        If u read his comment over again without being quick to respond, u will understand where he’s coming from base upon his perspective of his life growing up.

  9. Emmanuel Akalue

    Your comment is awaiting moderation.

    Reply

    Novatech is the best company ever. They’re very transparent and declare great profits for their investors. The compensation plan shows they are not a greedy company and that they’re very interested in the welfare of their clients. Highly commendable!!!

    Simply because we have black entrepreneurs and mainly black investors doesn’t imply any scam activity or conspiracy to scam anyone. About that AWS Mining issue, the company’s registration document I’ve seen doesn’t contain the names of Novatech CEO and COO as the proprietors or co-owners. Their names aren’t even there at all. Perhaps, you have a document to the contrary, I’ll very much like to see it.

    As a black man, I’m willing to take my chance with Novatech for better for worse. WHY? I was born poor, I’ve always been poor. If I lose my money, which by God’s grace will never happen, I’ll remain at my poverty level. Nothing to lose since I’ve been a pro in poverty all my life. The only thing about to change, by God’s grace and blessing through Novatech, is the vicious cycle of poverty and I’m not going to allow anyone’s jealous criticism of Novatechfx to dissuade me in any way, shape or form.

    May God bless and prosper Novatechfx and her investors in Jesus’ name. Amen!!!

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