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CHOOSE A BROKER FROM THE TOP-20

NovaTechFx Review 2025

Oleg Tkachenko
Written by: Oleg Tkachenko Oleg T.
Contributor
Mirjan Hipolito
Fact-checked by: Mirjan Hipolito Mirjan H.
Cryptocurrency and stock expert
Updated:
Table of Contents

Brief Look at NovaTech

Novatech FX, established in 2019, is a relatively new company with reports alleging that its leadership has been involved in dubious activities. Its CEO and COO, Cynthia and Eddie, were previously associated with AWS Mining, a company widely recognized as a scam.
The broker is owned by NovaTech LLC, based in Saint Vincent and the Grenadines, a country without an official financial regulator. Consequently, Novatech FX operates without a license. It is also not regulated by the Securities and Exchange Commission (SEC), further raising concerns about its legitimacy.
The Novatech FX website lacks essential information, including legal documents, trading activity details, and regulatory information.
In June 2019, the company changed its domain from novatechfx.io to novatech.com. On January 24, 2023, the platform's administrator reported unexplained payment delays. Traders have left reviews indicating that they have not received their funds.
Due to these numerous red flags, the broker has been blacklisted.

User Satisfaction i

Score:
2.7/10

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earlinead69
2 years ago

I trade with NovaTech. The service is very inconvenient, everything is slow - trading on the platform and withdrawal. The quality of client service is even worse. If this broker wants to attract traders, some urgent work on improvement of the service needs to be done. My assessment is negative now, but I hope for improvements in the near future, otherwise I will have to leave for a better company.

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dawnrv3
2 years ago

Good afternoon. NovaTech has lost a lot of my trust. They are currently providing very poor quality services. Previously, this was a mid-level broker, but today it is at the bottom.

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shew4.lubat
2 years ago

I don't consider NovaTech a serious broker. Somewhere there was information that the founders of the company had already been convicted of fraudulent activities. I don't think they've improved. In addition, I do not trust a company that is registered offshore and does not have a normal license. And NovaTech is not regulated.

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Team that worked on the article

Oleg Tkachenko
Oleg Tkachenko Author and expert at Traders Union
  • Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Learn about our editorial policies.

Dr. BJ Johnson
Dr. BJ Johnson Developmental English Editor
  • Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito
Mirjan Hipolito Cryptocurrency and stock expert
  • Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).