NovaTechFx Review

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NovaTechFx Review

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NovatechFx is an internet-based forex trading platform that commits to delivering state-of-the-art technology and sophisticated trading instruments to its users. This platform presents a diverse selection of currency pairs for trading, major, minor, and exotic pairs. Novatech Forex takes pride in offering competitive spreads and adaptable leverage choices, affording traders the opportunity to optimize their potential earnings.

Broker’s Name NOVATECHFX
Headquartered Saint Vincent and the Grenadines
NovaTech Owner Cynthia Petion
Founded 2019
Regulating Authority Not Regulated
Demo Account YES
Supported Platforms MetaTrader 5
Maximum Leverage 1:100
Minimum Deposit $99
Owned By NovTech Ltd.
Tradable Assets Offered Forex and Cryptocurrencies
Website novatechfx.com
Accepts US clients No
Spreads 2.2 pips
Customer Support 24*5
Contests and Bonuses Yes

What is NovaTech Fx?

NovaTechFx operates as a Market-Making broker, which functions as a middleman when clients engage in trading activities. In essence, instead of clients directly participating in the market, NovaTech steps in as an intermediary, assuming the opposing position.

This approach grants NovaTech the ability to provide swifter order execution, narrower spreads, and increased flexibility regarding leverage options. However, it’s crucial to note that this arrangement also brings about a potential conflict of interest between NovaTech and its clients.

This setup could lead to situations where NovaTech makes decisions that may not align entirely with the best interests of its clients. Consequently, traders should exercise vigilance and awareness when choosing to trade with NovaTechFx.

We Recommend NovaTechFx For?

It appears highly probable that this brokerage could be operating under dubious circumstances, casting serious doubt on its legitimacy. We strongly advise against considering NovaTrade as a viable option for any trader. You can look for a trader that is secure and liable; that is Tradeeu. The absence of regulation by any recognized authority raises significant concerns about the broker’s operations, reinforcing our scepticism regarding their practices.

NovaTechFx is Regulated By?

NovaTechFx lacks regulation from any reputable financial service authority. It exhibits concerning characteristics akin to a pyramid scheme. Investing with an unregulated broker of this nature carries substantial risk, and there’s a real possibility of losing your hard-earned money. We won’t advise you to go withNovaTechFx; rather, choose a broker that is supremely regulated, like Modmount.

This serves as a major red flag for the investors, thus, signifying that the company might not be adhering to established financial regulations and standards.

  • Russia: The Central Bank of the Russian Federation issued a cautionary notice regarding the platform.
  • Canada: The Ontario Securities Commission (OSC) informed investors of the possible hazards linked to Novatech FX.
  • Canada: Novatech FX found itself listed on the Investment Caution List by the British Columbia Securities Commission (BCSC).
🌐Website novatechfx.com
🏠Company NovaTech LTD, NovaTech Advisors LLC, NovaTrading OÜ
☎️Phone N/A
📧Email [email protected]
⚖️Regulation Blacklisted, Scam

Our recommendation: Trading at NovaTechFx Review

  • MT5 advanced trading platform offered
  • Bonuses offered
  • Weekly Payouts are initiated
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Advantages and disadvantages of NovaTechFx Review

  • MetaTrader 5 advanced trading platform is offered.
  • 100+ Fiat and Crypto Pairs Offered
  • Weekly Payouts are initiated
  • Bonuses are offered.
  • Lacks Educational and Research Resources
  • Not Regulated By Any Authority
  • Customer services are offered 24*5
  • Accepts only Crypto Currencies Deposits

What Types of Accounts Does NovaTechFx Offer?

NovaTechFx offers three types of accounts, each having distinct characteristics from one another. The broker has not specifically mentioned the spread, leverage and other information on the website until you Login or SignUp.

               PAMM             AFFILIATE TRADE ON YOUR OWN
Become a Customer Low subscription fee No fees for start-up
Trading experience is not required Bonus Package included No service fee monthly
Monthly service fees at affordable rates Trading experience is not required Lower Spreads and Pips
Fully Automated PAMM trading account Optional Automated PAMM trading account MetaTrader5 offered

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

Across all of its package options, the broker imposes a monthly service fee of $25, which signifies the most economical expense available.

Being part of this company affords you the potential to generate commissions through a multifaceted compensation scheme consisting of seven distinct avenues. The fundamental framework of this plan operates on a binary structure and encompasses incentives based on performance achievements.

Direct Referral Bonus

This bonus is granted when you introduce a new affiliate into your immediate downline. The Direct Referral Bonus varies in value, ranging from $10 to $5000 based on the specific package you’ve successfully sold.

            PACKAGE NAME                 BONUS
                Builder                   $10
                Bronze                   $50
                Silver                   $125
                Gold                   $250
                Platinum                   $500
                VIP                   $1250
                President                   $5000

Indirect Referral Bonus

The Indirect Referral Bonus is distributed across seven levels whenever a new affiliate joins the downline or an existing affiliate upgrades to a higher package. The bonus is calculated as a percentage, with the breakdown as follows:

        LEVEL          COMMISSION
1 5%
2 2%
3 1%
4 1%
5 1%
6 0.5%
7 0.5%

Fast Track Bonus

The Fast Track Bonus is tailored for individuals who achieve the feat of referring and enrolling three new individuals within a span of 45 days from their own registration date.

Check Matching Bonus

The Sponsor is entitled to receive a Check Matching Bonus spanning nine levels, which is based on the trading bonuses accrued by their direct downline. Here’s the breakdown of the percentage earnings:

                 LEVEL              COMMISSION
1 5%
2 2%
3 1%
4 1%
5 1%
6 0.5%
7 0.5%
8 0.25%
9 0.25%

Rank Achievement Bonus

Affiliates are incentivized to attain higher ranks through the provision of Rank Achievement Bonuses. The bonus amounts are as follows:

                    RANK                       BONUS
        PLATINUM ASSOCIATE                       $100
        JUNIOR EXECUTIVE                       $500
              EXECUTIVE                       $1000
        SENIOR EXECUTIVE                       $2500
          JUNIOR DIRECTOR                       $5000
                DIRECTOR                       $10,000
            SENIOR DIRECTOR                       $25,000
            1 STAR AMBASSADOR                       $50,000
            2 STAR AMBASSADOR                       $1,00,000

Residual Income

This bonus is disbursed across nine levels from the direct downline, calculated as a percentage of the service fees paid by the members. The percentage breakdown is as follows:

1 5%
2 2%
3 1%
4 1%
5 1%
6 0.5%
7 0.5%
8 0.25%
9 0.25%

Profit Sharing

The profit-sharing element of the compensation plan is exclusively allocated to the top management positions within the company. The designated percentages for Profit Sharing are as follows:

  • Senior Executive: 2%
  • Director: 3%
  • Ambassador: 5%

Demo Account

NovaTechFx does not offer a Demo Account, which can be detrimental for novice traders in the industry.

How To Open An Account On NovaTechFx?

Step 1: Choose from the options “PAMM,” “AFFILIATE,” or “TRADE ON YOUR OWN.”

Step 2: Once you’ve made your selection, proceed to provide the necessary information.

Step 3: Register by completing the required information and submitting the necessary documents.

Step 4: Following the completion of all the steps, your registration is finalized, and you can commence your trading activities.

Our recommendation: Trading at NovaTechFx Review

  • MT5 advanced trading platform offered
  • Bonuses offered
  • Weekly Payouts are initiated
download (1)
Recommended Broker

NovaTechFx Market Instruments

NovaTechFx offers various types of Market Instruments to clients but doesn’t mention anywhere about the spreads and leverages provided by it. This could be quite confusion for the traders while trading, as there are no clear instructions about any of the basic information required while trading.

Forex CryptoCurrencies


NovaTech provides a maximum leverage of up to 1:100, a common offering found among numerous forex brokers. Leverage can serve as a valuable instrument for seasoned traders seeking to amplify their profit potential.

It’s important to admit that it can also boost the likelihood of losses when not employed judiciously.

Also, it is crucial for traders to precisely evaluate their risk tolerance and devise their trading strategies before settling on a specific leverage level.

Deposits and Withdrawals with NovaTechFx

The minimum deposit amount offered by NovaTechFx is $250.


STEP 1. Log in to your Account.

STEP 2. Go to the Menu and click on Funding from the Menu.

STEP 3. Choose “Upgrade Account” from the given option.

STEP 4. Select your account and “Add Funds” to the account

STEP 5. Provide the necessary information.

STEP 6. Select the Payment Method. EWallet or CoinPayments.

STEP 7. Click on “Upgrade Account Number” if you choose CoinPaymets.

STEP 8. Select the Crypto wallet you use, and pay accordingly.


To initiate a withdrawal from your NovaTech FX account

STEP 1. Access your account and go to the “Withdrawals” section.

STEP 2. Select your preferred withdrawal method and input the desired withdrawal amount.

STEP 3. Proceed to submit your withdrawal request.

STEP 4. The duration of the withdrawal process can vary, typically taking a few business days, contingent upon the chosen payment method.

Fees and Commissions

NovaTech does not provide detailed information regarding spreads, commissions, and other trading-related expenses on its platform. Despite their claim of offering low spreads, the absence of transparency concerning trading costs is a notable point of concern.

Although the absence of commission fees may appear attractive, it’s important to recognize the possibility of incurring higher overall costs compared to brokers with transparent fee structures.

Trading Platforms

NovaTech Fx provides its clients with an exceptionally advanced trading platform. The MT5 platform offers a comprehensive range of features, including real-time market data, customizable charts, a collection of technical indicators, and a variety of analytical tools. These resources delegate traders to make informed decisions and maximize their profit potential effectively.

MT5 offers-

  • Supports Multiple Operating System
  • Multiple TimeFrames
  • Automated Trading
  • Advanced Trading

Unlike, NovaTechFx, Xpro Markets offers multiple trading platforms to make trading easier for the traders.

Company Details


  • Crypto
  • Forex


  • Country: Saint Vincent and the Grenadines
  • License:  N/A
  • Regulation: Not Regulated

Customer Service

novatechfx customer support

Our recommendation: Trading at NovaTechFx Review

  • MT5 advanced trading platform offered
  • Bonuses offered
  • Weekly Payouts are initiated
download (1)
Recommended Broker

Educational and Research Resources

NovaTechFx lacks educational resources on the website, which may hamper the trading strategies and learning for traders who are new in the industry. The absence of educational resources might hinder traders’ understanding of the market and expose them to potential losses. NovaTech’s lack of such resources puts them at a disadvantage compared to other brokers, such as Equiity, that provide a wide range of educational materials aimed at assisting traders in enhancing their knowledge and skill set.

User Experience

The website’s user experience was far from optimal. To access their website, users are required to either login or sign up first. Unlike their competitors, who offer information about trading platforms, available assets, and account types upfront, NovaTech does not provide such crucial details before users log in or sign up, making it less user-friendly.

You can browse Capitalix for better services and exclusive offers for better and safer trading.

Customer Service

NovaTech provides several avenues for reaching out to their customer support team, such as through phone, email, and a physical office address. Nonetheless, it’s important to note that their customer support hours are restricted, and they do not offer a live chat feature. They do not offer multilingual support, which could pose a limitation for non-English-speaking users.

NovaTech offers multiple means of contacting customer support, but the limited service hours and absence of live chat support might be seen as disadvantages by certain traders.

Phone Number: 1-904-944-6682

Email-Id- [email protected]

Official Website- https://tradersunion.novatechfx.com/ 


NovaTechFX raises several concerning issues, including its operation in an unregulated jurisdiction, a track record of warnings from regulatory authorities, and dubious business practices. It is crucial for investors to exercise utmost caution and conduct comprehensive research when considering any brokerage firm as a potential investment partner.

To mitigate risks effectively, it is crucial to opt for a regulated broker with a well-established and reputable history. Further, prioritizing trading education, implementing sound risk management strategies, and conducting thorough due diligence are essential steps to safeguard one’s investments in the financial markets.


At Trending Brokers, our aim is to provide you with diverse perspectives, unbiased assessments, and in-depth scrutiny. We maintain our commitment to precision through stringent data validation and consultations with industry mavens. It’s important to acknowledge that, though infrequent, minor fluctuations may occasionally manifest. Rest assured, our resolve to deliver impartial evaluations, thorough analysis, and well-informed viewpoints remains steadfast.

We feel compelled to offer some guidance on the subject of investing in financial instruments, commodities, and assorted assets, which inherently entail a significant degree of risk. There exists the potential for a complete loss of your invested capital. We strongly advise engaging in such ventures only if you possess a comprehensive understanding of the associated hazards. Please bear in mind that Trending Brokers refrains from providing investment advice or any semblance of financial counsel.

Your financial security is of paramount importance to us, and we emphatically advocate for the exercise of due diligence and the pursuit of professional guidance when making investment decisions.

NovaTechFX exhibits several red flags that could indicate questionable practices, potentially including Ponzi or Pyramid schemes. Therefore, it is advisable to exercise caution and refrain from further investments in NovaTechFX.

NovaTechFX, also known as Nova Tech Ltd., is a registered business located in Saint Vincent and the Grenadines.

NovaTech FX welcomes traders of all experience levels, encompassing both novices and seasoned traders. The platform is accessible to anyone interested in engaging in online trading of financial instruments, irrespective of their geographical location.

To commence trading on NovaTech FX, a minimum deposit of $250 is necessary.