Novatech Crypto claims to offer an efficient platform for forex and cryptocurrency trading; however, their registration in Saint Vincent and the Grenadines raises serious suspicion. Furthermore, their compensation plan pays members at multiple levels suggesting an MLM element to this scheme.
The Securities and Exchange Commission (SEC) issued a subpoena against Dapilinu Dunbar and Corrie Sampson, promoters of an alleged cryptocurrency investment scam, for documents and testimony regarding this matter.
It is a ponzi scheme
NovaTech Ponzi scheme serves as an unpleasant reminder that there are scams lurking within the crypto space, making it crucial to remain vigilant and seek legitimate trading opportunities. Be wary of promises of unrealistic returns or lack of transparency from platforms; do your research and learn how to identify scams as soon as possible.
Morris Legal’s complaint alleges that Cynthia Petion and her co-conspirators conducted a Ponzi scheme that promised guaranteed returns from investments made into cryptocurrency markets. NovaTech alleges that their investment activities were conducted illegally by selling investments without license and targeting those unfamiliar with cryptocurrency. The SEC has already obtained a court order to enforce subpoenas against two of NovaTech’s leading promoters. Subpoenas will allow the SEC to secure documents and testimony from Dapilinu Dunbar and Corrie Sampson, leading to civil and criminal charges against their promoters of this fraud scheme. Novatech Login gives traders access to their account information as well as making payments/fund transfers online.
It offers a trading platform
Novatech Forex is a trading platform offering numerous features, such as automated trading. The automated algorithm executes trades based on your predefined criteria, making it ideal for novice traders who want to learn about trading process. Furthermore, market analysis tools and performance reports are provided alongside its user-friendly interface, with real-time charts and price alerts providing additional assistance.
Red flags for this site include its claim of over 365 percent returns and lack of regulatory compliance, along with referral bonuses and commissions that could constitute an illegal pyramid or Ponzi scheme that relies on recruiting new members in order to generate funds.
Selecting a trustworthy trading platform is of utmost importance when it comes to your security. A licensed broker should adhere to industry regulations, safeguarding both your investments and offering you an equitable trading experience. A renowned broker should offer deep liquidity that makes buying/selling digital assets quicker while offering cutting-edge security protocols to protect personal data.
It is a scam
Novatech provides individuals the chance to explore the world of foreign exchange and cryptocurrency investing with ease. Their user-friendly platform features a range of trading assets with user-friendly user interface. In addition, training materials are provided so investors can make informed decisions to avoid common pitfalls and make more money.
This broker stands out for its deep liquidity, meaning it can handle large volumes of trades without negatively affecting prices – an essential trait for traders as well as helping maintain market stability. Cynthia Petion, its CEO, boasts over three decades of international business management and development expertise.
Even before investing, it can be hard to tell whether a company is fraudulent; some telltale signs include questionable history and no regulatory oversight. PureVPN provides global servers and superior encryption technology to protect you from falling for fraudsters like Novatech FX. Using PureVPN’s global network and superior encryption will keep your data secure from hackers while safeguarding it against them – an ideal way of avoiding falling prey to any suspicious ventures like Novatech FX!
It is a legit company
Novatech FX Forex and cryptocurrency trading platform is an authentic broker offering low-pip spreads, deep liquidity, access to MetaTrader 5, PAMM accounts, affiliate commission and an excellent referral program. In addition, its technological innovation indicates a genuine passion for markets – something fraudsters would likely ignore.
However, this company raises serious red flags. Its founders have dubious backgrounds, while it was registered in dubious jurisdictions making its legitimacy difficult to determine. Furthermore, its claim of up to 365 percent returns could indicate it as being part of an illicit pyramid or Ponzi scheme.
Warning signs should be enough for anyone considering investing in this company to be cautious of investing in them. In order to protect yourself from being taken advantage of by scams, we suggest using a VPN like PureVPN which offers an ideal global network and superior encryption that keeps your account information safe from cyber thieves.
