NovaTechFX Review – Is NovaTechFX a Scam?
NovaTechFX offers a range of trading accounts. The Builder account is the lowest cost, with a minimum initial deposit of $99. The other accounts have lower minimum deposits – $500, $2,500, $5,000, and $10,000. To become a customer of NovaTechFX, you need to select a business plan and deposit money using a cryptocurrency. The downside is that you may not see your cash in your account after choosing a plan – if you do, the firm may claim that they never received it.
While the majority of mainstream crypto trading sites offer hundreds or thousands of trading pairs, there are very few that offer substantial technical analysis. NovatechFX’s MT5 tools provide significant technical analysis for any trader. In addition to offering extensive technical analysis, NovatechFX has tons of analytical tools, including market breakdowns and surveyed consensus about potential price movements. You can even make trades with an app, like Robinhood.
Moreover, NovaTechFX isn’t regulated by the FCA, ASIC, BaFin, CFTC, or BaFin. If you’re a novice investor, be sure to check out some other sites before depositing any funds. This will help you avoid scams. However, there are no official regulators that regulate NovaTechFX, so be wary of any website claiming to be regulated by these organizations. You’re not alone in losing money – take it as a learning experience.
Novatechfx’s customer service is responsive and efficient, but beware of its offshore status. The company’s website is full of testimonials from clients, but this does not mean that it’s a reliable broker. This company’s website and testimonials are a good way to make up your mind about the best broker for you. The website is also full of key features and benefits, including live chat facilities during business hours.
When it comes to their management, NovaTech does not disclose the names of their executive team. The names of their executives are Rev. Cynthia Petion and Eddy Petion. They previously operated a scam called AWS Mining. They even received a cease-and-desist order from the Texas State Securities Board. It’s not hard to imagine that these two have already scammed people online. You can learn more about NovaTech’s team here.