NovaTechFX review - Multi Level Marketing, Trading platforms, Broker features, and Traders ratings.
1.648 •
4 REVIEWS
What is NovaTechFX?
NovaTechFX is a Multi Level Marketing (MLM) company founded by Cynthia Petion, offering PAMM plans, multi-level affiliate plans as well as forex brokerage service.
NovaTechFX.com forex service offers 90 pairs of fiat currencies, commodities, gold, silver, oil, indices, shares, bitcoin and other cryptocurrencies via the platform of MetaTrader 5 (MT5) for your personal investment and trading option.
Please read NovaTechFX Reviews below and share your Multi Level Marketing business experiences or forex live trading with this company.
Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 100:1 |
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Minimum to Open Live: | Unknown |
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Established: | Unknown |
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Address: | Suite 305, Griffith Corporate Center PO Box 1510 Beachmont Kingstown, Saint George, VC0120, Saint Vincent And Grenadines |
Contact: | Support@novatechfx.com, 1-904-944-6682, +507 6479 3551 |
Regional offices: | |
Regulators: | |
Prohibited countries: | Unknown |
Trading platforms: | MT5 |
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Mobile Trading: | ✅ Yes |
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Currencies: | (90+) |
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Cryptocurrencies: | (125+) Bitcoin, Litecoin, Ethereum |
CFD: | (175+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
Trading Conditions |
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EAs/Robots: | ✅ Yes |
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PAMM: | ✅ Yes |
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Deposit Methods: | Bitcoin, Bitcoin Cash, Ether/Ethereum, Litecoin, Zcash |
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Withdrawal Methods: | Bitcoin, Bitcoin Cash, Ether/Ethereum, Litecoin, Zcash |
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1.648 •
4 REVIEWS
Recent User Reviews of NovaTechFX
B
Bodisatva
St. Louis, Missouri, USA,
Nov 28, 2023,
Registered user
Ponzi Scheme! They are still at it, now in the UK?
Service use: Live
Length of use: 6-12 Months
I am a victim of this scheme. The company was started by Cynthia and Eddy Petion. I think she has a brother who is also involved. They claimed to be a registered hedge fund in the US, registered brokers and investment advisors. ALL FALSE. They claimed to have experienced traders using the latest AI to trade forex and crypto markets. They had over three years of trading results to show...I invested, followed their rules, got great results on paper, then I found out they were issued a Cease and Desist order from the California Department of Financial Protection and Innovation. (DFPI) I believe they also got in trouble in Canada. So all my withdrawal requests were denied, and communication ceased. These 2 have houses just outside Miami. I was working near there, and drove by to say "hi"...no one answered the door. Not sure if I should file a complaint with the FBI? SEC? Attorney General? There are lots of "recovery" services promising to help, if you give them MORE money up front! All I know is that crypto dealings ALL have permanent records on the block chain.
2 traders have found this review helpful
Review moderation team note
If you are trying to figure out which regulators to report an issue to, CLICK HERE for information. For many US regulators, there are step-by-step instructions. There is one even one specifically for reporting issues involving crypto transfers.
Victim NovaTech
USA, USA,
Oct 4, 2023,
Registered user
I want to hold them accountable
Service use: Live
Length of use: 6-12 Months
First 3-6 months I keep receiving text messages from the woman Name Cathrie every week on how the bonus I earn, however, I have been unable to withdraw the money. I stopped receiving texts from awhile from Cathrie again. I wondered then, I started asking her and her friends; They told me, that Novatechfx was being sued by the Federal Government.
I was shocked and I asked, where is my money?; and they told me, nobody can withdraw the money. But they tried to offer me another business. I told them no and I need my money back. Then I told them, you all going around the communities to lie to people and I will inform every I know and including social medias.
Then I started getting threats from Cathrine and two of her friends. What is the solution?
I was shocked and I asked, where is my money?; and they told me, nobody can withdraw the money. But they tried to offer me another business. I told them no and I need my money back. Then I told them, you all going around the communities to lie to people and I will inform every I know and including social medias.
Then I started getting threats from Cathrine and two of her friends. What is the solution?
1 trader has found this review helpful
jackralph96
Andover, United Kingdom,
Dec 14, 2022,
Registered user
Withdrawal delays from their PAMM account, refuses to give monthly statement
Service use: Live
Length of use: 6-12 Months
Refuses to give any kind of monthly or yearly statement of trades. Withdrawals take more than 20 business days from trading account.
Unbelievably poor service from a broker that is supposedly so large.
There is a massive likelihood that this broker is scamming people.
Statement from broker regarding asking for a monthly statement of my account:
"Hi Jack Ralph,
NovaTech does not share its Confidential information to constitute proprietary information or trade secrets of the Company and its subsidiaries and affiliates including without limitation the following: (i) customer lists and customer information as compiled by the Company; (ii) the Company’s internal practices and procedures; (iii) the Company’s financial condition and financial results of operation; (iv) supply of materials information, including sources and costs, and current and prospective projects; (v) strategic planning, purchasing, finance, marketing, promotion, distribution, and selling activities; (vi) all other information which we have a reasonable basis to consider confidential or which is treated by the Company as confidential; and (vii) all information having independent economic value to the Company that is not generally known to, and not readily ascertainable by proper means by, persons who can obtain economic value from its disclosure or use.
If you would like to learn more about the NovaTech Trading Program, please refer to the NovaTech Disclosures available for download via the Backoffice.
Thank you.
NovaTech Support"
Unbelievably poor service from a broker that is supposedly so large.
There is a massive likelihood that this broker is scamming people.
Statement from broker regarding asking for a monthly statement of my account:
"Hi Jack Ralph,
NovaTech does not share its Confidential information to constitute proprietary information or trade secrets of the Company and its subsidiaries and affiliates including without limitation the following: (i) customer lists and customer information as compiled by the Company; (ii) the Company’s internal practices and procedures; (iii) the Company’s financial condition and financial results of operation; (iv) supply of materials information, including sources and costs, and current and prospective projects; (v) strategic planning, purchasing, finance, marketing, promotion, distribution, and selling activities; (vi) all other information which we have a reasonable basis to consider confidential or which is treated by the Company as confidential; and (vii) all information having independent economic value to the Company that is not generally known to, and not readily ascertainable by proper means by, persons who can obtain economic value from its disclosure or use.
If you would like to learn more about the NovaTech Trading Program, please refer to the NovaTech Disclosures available for download via the Backoffice.
Thank you.
NovaTech Support"
Treacle
uk, United Kingdom,
Sep 11, 2022,
Registered user
Very Good Service
Service use: Live
Length of use: 3-6 Months
Very good service from them so far for me. Been using them for around 4 months without issues. Their PAMM accounts are first rate :-)