Scam Or Legit Company? (2022)
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.
So, overall, If you are looking for a detailed NovaTech FX review, then you are in the right place!
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 is a forex and crypto trading platform where 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.
- 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.
- MT5: MT5 is the Mobile Support Trading Account which supports checking account history, investment data, and account status.
- 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|
|Head Office||Kingstown, Vatican City|
|Products and Services||Memberships|
Where is NovatechFX based?
NovatechFX is based in St. Vincent and Granada.
According to their website, the company has 2 other addresses:
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
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.
4. Check Matching Bonus
5. Rank Achievement Bonus
|1 Star Ambassador||$50,000|
|2 Star Ambassador||$1,00,000|
6. Residual Income
7. Profit Sharing
Profit Sharing is for the top post of the management of the company.
- Senior Executive – 2%
- Director – 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 which they are involved in Ponzi Scheme.
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 from 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.
Other Company’s review:
I am Somraj Mondal. I am a College Student, Blogger, Networker, and Finding Ways To Make Money as a Student. I love to Explore new things and giving solutions to Problem which Problems People can faces. also, a Passionate Runner.