Trading platform:
- MetaTrader5
NovaTechFx Review 2024
Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of NovaTech Trading Company
NovaTech broker provides traders with exceptional trading experiences in the Forex and cryptocurrency markets by offering highly competitive commissions and spreads. NovaTech homepage showcases several office locations. NovaTech exclusively supports the MT5 trading platform.
Trade with this broker, if:
- You prefer cryptocurrency transactions. NovaTech exclusively accepts deposits and withdrawals through cryptocurrencies such as Bitcoin and Ethereum, catering to those who prioritize digital currencies over traditional payment methods.
Do not trade with this broker, if:
- You prioritize safety and regulation. NovaTech lacks regulation from major financial authorities, raising concerns about the security of your funds and the adherence to fair trading practices.
- You require extensive educational resources and reliable customer support. NovaTech offers minimal educational materials and limited customer support options, making it less suitable for beginners or those in need of assistance.
- Transparency and trust are your priorities. NovaTech lacks transparency in its financial statements and ownership structure, with additional concerns raised by reviews and warnings from financial watchdogs about its legitimacy.
Geographic Distribution of NovaTech Traders
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Trading Conditions for NovaTech Users
With NovaTech, traders can enhance their trading journey and increase the potential for achieving desired goals. To further support their clients, NovaTech maintains a responsive customer support system, readily available to address any queries or concerns that traders may have. The broker offers a comprehensive trading platform MT5 that grants access to advanced trading tools. NovaTech prioritizes regulatory compliance, employing stringent security measures to protect customers' funds and personal information. Moreover, their commitment to transparency ensures that traders can make informed decisions with confidence.
💻 Trading platform: | MetaTrader 5 (MT5) |
---|---|
📊 Accounts: | Affiliate, Builder, Bronze, Silver, Gold , Platinum, VIP, President |
💰 Account currency: | USD |
💵 Replenishment / Withdrawal: | BTC, ETH, LTC, USDT (TRC 20), USDT (ERC 20) |
🚀 Minimum deposit: | $99 |
⚖️ Leverage: | 1:100 |
💼 PAMM-accounts: | Yes |
📈️ Min Order: | 0.01 |
💱 Spread: | 2.2 pips |
🔧 Instruments: | Currency Pairs, Cryptocurrencies |
💹 Margin Call / Stop Out: | 100%/50% |
🏛 Liquidity provider: | No |
📱 Mobile trading: | No |
➕ Affiliate program: | Yes |
📋 Orders execution: | Instant Execution |
⭐ Trading features: | No |
🎁 Contests and bonuses: | No |
Contacts
Foundation date | 2003 |
Official site | https://tradersunion.novatechfx.com/ |
Contacts |
Email:
Support@novatechfx.com,
Phone: 1-904-944-6682 |
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has NovaTech been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against NovaTech by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of NovaTech is down, not updated or operates with clear errors and some features are not available;
• NovaTech has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if NovaTech got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why NovaTech got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from NovaTech?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if NovaTech is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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