- 16 mar, 2022
- Forex Trading
Contents
This is what happens when regulation is questionable as the broker itself. Firm regulators such as the ones mentioned above are making sure each LimeFX company has a compensation fund of at least 700,000 EUR for fraud cases. After reviewing FCA, ASIC, BaFin, even CFTC, and a few more Tier1 registers, we found no NovaTechFX regulation. This means your funds are not safe and you have no guarantees of being reimbursed.
Once you select your plan and start, you might not see any funds in your account even though you’ve just made a payment. However, the company listed two more offices – in Miami, USA, and Tallinn, Estonia. Yet, we found no apparent connection between the US entity and the offshore one, while having an office in Estonia means nothing considering the country’s reputation.
MetaTrader 5 Platform – MT5
It’s a tactic NovaTechFX forex brokerage uses to defraud clients and suspend their access to funds. If you decide you’ve invested enough and it’s time for withdrawal, your account will suddenly become unavailable due to technical problems, errors, and similar. Practically, NovaTechFX doesn’t have standard account types, but clients can choose between managed accounts, trading on their own, and being affiliates of the company. However, they call it “company’s plans,” and you need to choose one as if it was insurance or retirement plan. Besides Standard accounts, NovaTechFX offers a Demo account for clients to test the platform and check the offer of trading assets. NovaTechFX broker is said to offer ultra-low commissions and spreads while providing the best trading experience in the Forex and crypto markets.
We have a couple of offices on the main page, yet no regulations. Contact us via online chat to book your free consultation with a chargeback specialist. Yet the broker is forcing crypto deposits, which are hard to trace, so beware of scams. Since limefx company reviews the broker is offshore and unregulated, your funds are not safe. With everything being said, you must note that we’ve never mentioned any withdrawal guarantees. There’s no regulation, no compensation funds, no authority bodies behind the scenes.
Which Trading Platforms Are Supported By NovaTechFX Broker?
NovaTechFX minimum deposit for the PAMM account is $99, while the Affiliate program is $49.99. According to clients, NovaTechFX login issues are quite a regular thing. Even though this sentence itself sounds ridiculous, it’s something https://limefx.group/ every client faces once they ask for a withdrawal. The only thing to do is file a dispute and request a chargeback before it’s too late. There’s only one NovaTechFX trading platform, and it’s a new version of MetaTrader, MT5.
- With everything being said, you must note that we’ve never mentioned any withdrawal guarantees.
- Yet the broker is forcing crypto deposits, which are hard to trace, so beware of scams.
- NovaTechFX minimum deposit for the PAMM account is $99, while the Affiliate program is $49.99.
- Practically, NovaTechFX doesn’t have standard account types, but clients can choose between managed accounts, trading on their own, and being affiliates of the company.
- However, the company listed two more offices – in Miami, USA, and Tallinn, Estonia.
If, after learning is NovaTechFX regulated and who’s behind it, you’re still unsure whether it’s a scam company, check their affiliate program. The main difference is in the amount of money and services provided, while allegedly, a VIP account also brings cashback rewards. Since most clients are interested in PAMM or managed accounts, we will closely discuss plans that come along. However, the offer of these assets is rather broad, which is good considering the lack of diversity. The company will claim they never received any funds, even though your bank statement clearly shows where the funds are.