NovaTechFX Broker Review

NovaTechFX Broker Review – How We Exposed NovaTechFX.com Trading Scam?

NovaTechFX broker offers ultra-low commissions and spreads while providing the best Forex and crypto trading experience. However, there are no regulations on the main page, even though a few offices are listed.

Hence, we explained everything about NovaTechFX in our review!

Let us begin by inviting you to read our recently updated reviews of ViaMarketsGo, FMarketX, and InstaForex scam brokers. They are putting your funds at risk!

1. Status of the broker: offshore scam broker
2. Regulatory agency: Unlicensed offshore company (no regulation)
3. Websites of scammers: NovaTechFX.com
4. Forex Trading Scam: Active
5. Scam listed by: N/A
6. Owner of the broker: NovaTech Ltd.
7. Country of headquarters: Saint Vincent and the Grenadines
8. Year of foundation: 2019
9. Trading platforms: MetaTrader 5 (MT5)
10. Trading via mobile device: Available
11. Deposit Minimum: $99
12. No Deposit Bonus: Not available with this broker
13. Assets based on cryptography: Available
14. Currency Pairs (Forex), Cryptocurrencies (Cryptos) are available for trading.
15. Leverage maximum: 1:100
16. The Islamic Account is not available.
17. Demo Account Available: Yes
18. No US clients accepted: There are no US traders accepted
19. Scam Broker Verdict: Don’t Invest!

Is NovaTechFX Safe And Regulated? – The Importance Of Regulation

Choosing a broker is the first step when considering investing. In other words, you should know the company’s owner, location, and regulations. It was a disappointment to work with NovaTechFX. Due to the lack of an official financial regulator in Saint Vincent and the Grenadines, NovaTech LLC does not hold a license for the broker.

In addition to Miami, USA, and Tallinn, Estonia, the company listed two more offices. While having an office in Estonia means nothing, considering the country’s reputation, we did not find any apparent connection between the US entity and the offshore one.

What’s Wrong With NovaTechFX License?

Even after reviewing FCA, ASIC, BaFin, and a few more Tier1 registers, we found no regulation of NovaTechFX. You have no guarantee that your funds will be reimbursed, and your funds are not safe.

Regulators like those mentioned above ensure each investment company has a fraud compensation fund of 700,000 EUR.

NovaTechFX Login Problems – One Of The Signs Of A Scam

Clients report that NovaTechFX login issues are pretty standard. Even though this sentence sounds ridiculous, it’s something that every client faces when they request a withdrawal. Using this scam, NovaTechFX forex brokerage defrauds clients and suspends their funds. When you decide it’s time to withdraw your money, your account suddenly becomes unavailable due to technical problems, errors, etc.

Report something like this immediately if you experience it. Furthermore, we recommend avoiding unregulated brokers such as VisionForex, Stanford FX, and City Index.

Negative NovaTechFX Reviews – NovaTechFX Cleaned My Deposit

Several NovaTechFX reviews mention that the broker “cleaned their deposits.” So, we wondered, what does that mean?

Although NovaTechFX does not have standard account types, clients can choose between managed accounts, trading on their own, and becoming affiliates. The company’s plans are called “company plans,” You need to select one as if it were insurance or a retirement plan. Although you’ve made a payment, you might not see any funds in your account after selecting your plan and start.

Although your bank statement clearly shows where the funds are, the company will claim they never received any funds. When regulation is questioned as much as the broker, this is what happens.

Scammed By NovaTechFX Broker? – Talk To Our Experts Today!

There is a rumor that NovaTechFX brokerage scammed you. We can help you with your chargeback issue by scheduling a free consultation via online chat. Many NovaTechFX scam victims contacted Global Fraud Protection, and we helped them get refunds. Come on, let’s help each other!

Let us know your story, and we’ll find the best solution for your money back.