NovaTech FX Review: You got to know about NovaTech FX and want to confirm if it’s a legit or a scamming website. Well, you’re in the right place. First, let us know what NovaTech FX is.
NovaTech FX Review – Company Overview
NovaTech FX is a highly advanced cryptocurrency and forex trading program. According to the company, they have the best platform in the market.
More on NovaTech FX
The NovaTech FX website has a well-built platform with nice decoration. And this makes the website designers look professional.
However, there are other factors to look into before drawing such a conclusion. When we’re looking at a money-making website opportunity, we consider;
First, who operates the company on the company’s website? This will give us the ability to know more about the background and the skill of the owner.
Regrettably, NovaTech FX doesn’t give any detail about who has or operates the company’s website as of now. After taking the time to get details about the website, this is what we found:
NovaTech doesn’t have accreditation with the Better Business Bureau at this time NovaTech is not registered with SEC, which means they haven’t filled any form with the SEC apart from the initial company registration.
The address is listed in Vatican City which seems not to be incomplete or fake. Looking through the company’s webpage, they claim to have been registered in the USA, Estonia, and the British Virgin Islands.
If the company is registered in the USA as they claim, then it would take a lot of assets and certain passes by the SEC to get there.
According to my thoughts, it is highly improbable that they are registered “completely” in the USA.
What Products Do NovaTech FX Offer?
NovaTech FX Review: Here we’ll take a look at the products offered by the NovaTech company:
When you’re presenting a Multi-Level Marketing (MLM) organized trading representation like NovaTech presents, you’ll have to present merchandise products also to be familiar with MLM standards in the USA at the minimum.
The company seems not to present any merchandise products at this point. They only provide a trading bot that is required to trade in Crypto or Fiat coinage to make up a huge amount of profit through trading this coinage.
Their software is called “N-Tech” Artificial Intelligence (AI) which is assumed to escalate all the trading chances to increase earning advantage. This is the most information we have about the products presented by NovaTech, now let us see the next section.
You can’t have a product without price lists, below are the price list of the NovaTech products;
- Builder Package – $99 ~ $499
- Bronze Package – $500 ~ $2499
- Silver Package – $2500 ~ $4999
- Gold Package – $5000 ~ $9999
- Platinum Package – $10000 ~ $24000
- VIP Package – $25000 ~ $99000
- President Package – $100000 or more than that
They also have a Per monthly service fee of $25 which comes with each package above… So when you pay for the Builder Package, it is required that you pay $99 to $499 with the $25 per month service fee.
NovaTech FX Review – How To Make Money with NovaTech FX
There are two ways of making money with NovaTech FX. First, you invest your money into one of their investment packages then start earning some sort of return with the help of their trading bot.
Next, you recruit or refer new users who purchase one of the packages in the product segment above and earn their commission. Strangely, their products seem to be the same price as their investment plans.
Investment Plans
NovaTech FX Review: As stated earlier in this post, NovaTech has about 7 investment plans which you invest in with separate take back on investment which are;
- Builder Package – $99 ~ $499
- Bronze Package – $500 ~ $2499
- Silver Package – $2500 ~ $4999
- Gold Package – $5000 ~ $9999
- Platinum Package – $10000 ~ $24000
- VIP Package – $25000 ~ $99000
- President Package – $100000 or more.
The $25 per monthly fee still applies here… NovaTech doesn’t disclose the information about what sort of takebacks you can get.
You also have to pay some withdrawal fees which are dependent on the investment package.
This means if you’re in:
Bronze Package – 35% fee
Silver, Gold, and Platinum Package – 30% fee
VIP Package – 25%
You’ll get each of the percentage fees in each withdrawal.
NovaTech FX Review – NovaTech Ranks And Qualifications
There are ranks presented by NovaTech for its compensation plans. This is probably because they want to motivate their affiliate members to refer and make more profit so that the company will also earn from their efforts.
The higher rank you qualify for the Novatech company, the higher profit you earn from the compensation plan. Below is a breakdown of the ranks and qualified fiction needed to achieve them:
Associate Rank – To be able to qualify for this rank you’ll be required to be a part of NovaTech as an investing affiliate member.
Junior Executive Rank – To reach the qualification for this rank, you are required to invest at a minimum of $2500, recruit at least 3 Associate Ranked members, and you’ll generate $50,000 in total investment team downline volume.
Executive Rank – This qualification requires you to invest a minimum of $5000, invite 2 Junior Executive Ranked members, then you’ll generate an income of $500,000 in total investment team downline volume.
Senior Executive Rank – The qualification for this one is you are required to invest at a minimum of $10000 and recruit 2 Executive Ranked members, then generate $2,000,000 in total investment team downline volume.
Director Rank – To be a qualified member of this rank you are required to invest a minimum of $50000, refer 2 Senior Executive Ranked members, and as well generate $10,000,000 in total investment team downline volume.
Ambassador Rank – To qualify for the Ambassador Rank, you need to invest at least $100,000, recruit at least 2 Director Rank members, and you’ll generate $50,000,000 in the total investment team downline.
Conclusion
NovaTech FX Review: in this article, we have seen:
What NovaTech FX is
How to make money from NovaTech Fx?
NovaTech’s Investment Plans
NovaTech’s Ranks and Qualifications
Now let’s see:
Is NovaTech Legit or a Scam?
Some review sites say that NovaTech is not a scam but to my hearing, we discovered that there’s some mixup in the company’s business model which can affect its legitimacy, and also the financial status of its users on the company’s platform.
When you go into a company that claims it can sustain an ROI or any profit from trading you will want to see some of the past numbers and records of their achievability.
Like, where else will they get their numbers from except the past and proven results? This is of great concern to me
Also, they claim they are registered in the United States of America but this brings up a lack of trust because I have personally dealt with companies that are legit by using an exchange company that is SEC-registered in established countries and can’t get into the US due to the exceedingly high cost and the struggling.
What Is The Cost Of Being A Member Of NovaTech FX?
The lowest level cost of being a member of NovaTech is $500 with a minimum of $20 monthly percentage.
Where is NovaTech FX located?
NovaTech seems to be an offshore scam broker registered in Saint Vincent and Grenadines, without regulation or licensed with a financial regulating agency (financial regulator).
Who owns NovaTech FX?
The current owner, founder, and CEO of NovaTech FX is Cynthia Petion, which is a business development specialist and a successful forex and cryptocurrency trading expert.
Meanwhile, for further updates on the NovaTech FX company, and if any changes occur on their platform, and services, feel free to visit us here on Start Easy Crypto, and don’t forget to share our article. Leave a comment below if necessary.
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