Novatech FX, a Forex and Crypto trading company offering pooled investment funds, makes claims of high returns that raise suspicions that it may be an elaborate Ponzi scheme. According to professional Forex and Futures trader TraderNick, dubious brokers may often create fake live accounts and profit levels in order to fool traders.
If their P.A.M.M. account were offered through retail channels, this wouldn’t be an issue; however, their $25 monthly service fee only covers part of the referral bonuses and commissions available across nine levels deep referral networks.
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The company claims it’s not a pyramid scheme, yet its registration in Saint Vincent and the Grenadines as well as its compensation plan that pays out multiple levels deep suggests otherwise. Furthermore, its long-term viability remains unknown.
This company also provides access to a trading platform, but is unregulated by the S.E.C. This has raised serious concerns since if this company engages in illegal activity without oversight and pays expert traders salaries that are unusual among regulated brokers.
It is a great way to store value
NovatechFX, a Forex and Crypto trading company with an excellent reputation among industry experts. Their user-friendly interface and advanced trading tools have won praise from customers while they also offer educational resources and exceptional customer support services.
Novatech may or may not be an MLM or pyramid scheme, but their payment of members for recruiting raises suspicion. Retail companies cannot sustain such high recruitment rates if their growth slows down significantly.
Novatech lacks a registered address and isn’t obliged to report its trades to regulators, making its lack of transparency even more suspicious. Furthermore, its location in Saint Vincent and the Grenadines (a tax haven), where fraudulent companies often operate is another red flag; Novatech could easily fit this mold; its founders likely also have questionable backgrounds which makes their association even more dubious.
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Novatech Crypto Login is an online trading platform offering users access to account information, deposits, withdrawals, education materials and a referral program that rewards users who refer new members or attain rank achievements with bonuses that could add up to thousands of dollars in income.
This is due to the company being a multi-level marketing (MLM) business; while they refer to themselves as direct sales businesses, they actually pay commissions out to individuals who recruit new sales people who sell the product.
Novatech provides a legitimate MT5 trading platform, but it remains uncertain if their claims of 300 percent-plus returns are legitimate. Revenue streams include $25 monthly investments plus referral bonuses and commissions paid out to new members, which could suggest that Novatech could be operating as a Ponzi scheme; pyramid schemes depend on recruiting new recruits in order to fund those above them; without this continuance the pyramid collapses and all participants lose out financially.
It is a great way to invest
Crypto investments are one of the best ways to build wealth. Crypto is a digital form of currency which has gained global acceptance and can be used both for transactions as well as being stored in wallets for accessing later. But remember, crypto investments can be risky; without due research being completed beforehand you could risk losing all your funds.
Novatech FX is a forex and cryptocurrency trading platform offering pooled investment funds, trading software and crypto payment services. They have been in operation for one year with an impressive clientele base; although their operations seem legitimate enough; withdrawal requests appear to be taking longer than expected to process – an indication that something might be amiss at Novatech FX which may indicate it could be an illegal pyramid scheme scheme.
