Do You Want to Know If NovaTech Is Legitimate or a Scam Broker?
Few brokers have an entire Facebook page for people who feel they’ve been ripped off by them. However, not everyone or every company that gets criticism on social media deserves it. Is NovaTech really that bad? First of all, there seems to be more than one version of NovaTech. One was called NovaTech FX. It seems that there are many critics of this broker too.
There Are Some Problems with NovaTech
NovaTech offers MetaTrader 5 and mentions the names of the CEO and the people behind it. That’s a lot more transparency than we usually see from suspected scam brokers. However, we couldn’t find any information about licensing, which is important. Also, we’ve been tipped off that NovaTech is actually an MLM. This means they’ll try to get you to recruit your friends and family to trade with them and most likely don’t offer any trading.
Red Flags that NovaTech Could Be a Scam Broker
- No license
- Bad press about this broker
- Suspected MLM
- Misleading statements
- Verified customer complaints
If You Need Fund Recovery from NovaTech, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.