NovaTech Review – SCAM or Legit N-Tech Trading Bot MLM?
- Crypto MLM Reviews
- October 31, 2022
Welcome to my NovaTech Review!
There has been some buzz about this company so I decided to take a closer look.
Chances are someone approached you about the passive returns opportunity with their N-Tech trading bot and now you landed here to make sure it’s legit.
The good news is I am going top walk you through the company, products and compensation plan so you can make the right decision.
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Now if you still want to learn more about NoveTechFX.com keep reading…
What is NovaTech Review?
NovaTech is a Forex and Crypto trading platform where you invest into the company and they will auto trade for you leveraging their N-Tech Trading bot.
There is no information on the website itself on who runs or owns the company.
After looking at other sources, most of them are saying that Cynthia Petion and her husband Eddy Petion own NovatechFX.
Digging into their history, I found out they owned a company called AWS Mining in 2018 which exit scammed in 2019.
Right after that, NovaTech FX was born…
Originally, the company website domain was “Novatechfx.io” but was changed to Novatechfx.com.
Nova Tech has been operating since 2019 and haven’t found any issues with the withdrawals just yet.
But that doesn’t mean the company is operating legally, keep reading to find out more in this NovaTechFX Review…
What Are NovaTechFX Products?
NovaTechFX does have retail products but they have no information on what they actually are or do…
They do you have a price 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
There is also a $25 per month service fee with all of those packages above…
So let’s say if you want the Builder Package, you must pay $99 to $499 plus $25 per month.
Legit companies I have reviewed are Entre Institute, Crypto Cashflow and Multiple Income Funnel.
How To Make Money with NovaTechFX Review?
You have two ways you can make money with NovaTech.
First way is to invest into one of their investment packages and starting receiving some kind of return through their trading bot.
Second way is to recruit new people who buy one of the packages in the product section and earn a commission.
Oddly, their products are the same price as their investment plans…
Investment Plans
NovaTech has 7 investment plans in total that you can invest in with different return on investments.
- 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
The same $25 per month fee applies for this as well…
When it comes to what kind of returns you can make, NovaTech doesn’t disclose this information.
There are also withdrawal fee’s you have to pay and will depend on the investment package you went with.
- Bronze – 35% fee
- Silver, Gold, and Platinum – 30% fee
- VIP – 25%
NovaTechFX Compensation Plan
When it comes to their compensation plan, it’s primarily a binary compensation plan with performance based bonuses on top.
- Affiliate Ranks
- Retail/Recruiting Commission (Binary)
- ROI Match Bonus
- Rank Achievement Bonus
- Profit Sharing
Below is a compensation video I found that was done by an affiliate so use it for information purposes only.
Cost To Join NovaTech FX
When it comes to the NoveTech affiliate membership, it will run you $49.95 one-time and $2.95 per month after.
To be part of the entire opportunity, you must invest anywhere between $99 to $100,000.
Now if someone buys their builder package at the retail level, it’s $25 per month.
Does The NovaTechFX Scam Exist?
The question is does the NoveTech scam exist?
Let’s just look at the facts…
The website itself doesn’t tell you who runs or owns the company but I had to go digging for information.
Second, they apparently produce their external revenue through this N-Tech trades in forex and cryptocurrency, but I couldn’t find any evidence of this bot or trading in action.
Third, because they are offering a trading bot with certain ROI revenue, they must be registered with the SEC in the USA and any other financial regulator in the country they are operating in.
In other words, this company is operating illegally…
Only income I could see coming into the company is new investments paying off existing members which makes this company a ponzi scheme.
Once recruitment slows down, the company will exit scam like AWS Mining.
Yes, it’s been going on for 3 years but that doesn’t mean it won’t exit scam…
Update May 3rd, 2023 – NovaTech FX Misses Securities Fraud Hearing, OSC Extends Temporary Order
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