Recent users of Novatech FX accounts have complained about being unable to withdraw funds, an indication that it’s an illicit Ponzi scheme that will collapse shortly.
The SEC issued a subpoena against Dapilinu Dunbar and Corrie Sampson as promoters of an investment scheme to obtain documents and testimony in relation to potential violations of federal securities law violations – an indicator of increased regulatory scrutiny surrounding cryptocurrency.
It’s a scam
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Novatech crypto has been widely reported as being a scam, yet it’s important to get all of the facts before drawing any definitive conclusions. Novatech Crypto operates a forex and cryptocurrency trading platform specializing in pooled investment funds with claims of up to 365 percent returns prompting suspicion that they could be running some type of pyramid or Ponzi scheme.
Novatech’s commitment to technological innovation further proves its legitimacy as a company. Their focus on high-speed execution reduces latency for traders while their deep liquidity helps maintain market stability by permitting larger transactions without price fluctuations affecting market stability – this service would undoubtedly benefit both traders and enhance trading performance; therefore it seems unlikely that Novatech would abuse it illegally for their own gain.
It’s not regulated
Novatech FX is a forex and crypto trading platform offering various services, touting themselves as the perfect solution for the average person. However, their claims could easily be taken advantage of; multiple red flags point towards fraud such as their lack of trade activity and dependence on new member investments.
As an investor, it is of utmost importance that you verify if a trading platform is regulated by a reliable financial authority. Regulated brokers will offer compensation funds in case of fraud as well as strict trading practices that must be adhered to.
The Securities and Exchange Commission (SEC) issued a subpoena against Dapilinu Dunbar and Corrie Sampson, promoters of an alleged NovaTech crypto investment scheme. This action marks increased regulatory scrutiny of cryptocurrency market, while emphasizing legal compliance within companies. If you want to safeguard yourself from risks of investing with Novatech FX, using PureVPN provides superior encryption.
It’s not legit
Cryptocurrency offers many opportunities, yet also attracts fraudsters looking to take advantage of unaware people. Their tactics often resemble MLM or network marketing schemes: paying upfront money to members with promises of monthly returns as a sign that their investment may not be legitimate.
Novatech FX has come under scrutiny for alleged securities fraud and Ponzi scheme activities, receiving warnings from numerous regulatory bodies including the US Securities and Exchange Commission. They were also linked to AWS Mining scam, which was shut down by regulators.
Even with these red flags in place, some users have still managed to withdraw funds successfully from PureVPN; they should just make sure their VPN provides supreme encryption to keep their identities and financial data safe from prying eyes. A good option in this regard would be VPN with a worldwide network and no log policy such as this one from them.
It’s not safe
Forex and cryptocurrency trading is home to many legitimate investors, as well as scammers looking for easy profits. Novatech FX is an example of such scammers; recent rumors about its possible collapse caused many people to withdraw funds while others still await payouts from Novatech FX.
PureVPN offers an ideal global network and supreme encryption, and also boasts a secure login system to keep your account information private.
Novatech’s claims of over 365 percent returns are dubious and could indicate it as an MLM (Multi-Level Marketing or Pyramid Scheme). Such schemes rely on recruiting new members in order to generate profits; once all investors have joined, such schemes usually collapse. Novatech founders have dubious histories while the company lacks registration with regulatory bodies – red flags that should cause investors to reconsider investing with this firm.
