NovaTechFX has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Belem.cc. We’ve received over 4 complaints against NovaTechFX.
NovaTechFX is unregulated, implying that it is most likely a scam. They can disappear since they lack a license, leaving no legal redress. Be cautious of unlicensed investing firms. Customer complaints include withdrawal issues as well as insufficient communication. Fake positive reviews may mislead; common concerns include poor customer service and excessive costs. If you have been scammed, notify authorities and pursue chargebacks. NovaTechFX’s lack of openness and regulatory issues make the company untrustworthy. To avoid penalties, scammers deceive victims, disable withdrawals, and repeat cycles, needing caution and due attention.
Get Your Money Back From These Scammers!
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Key Takeaways
Is NovaTechFX Regulated? Do They Have a License?
The lack of regulation or the presence of poor regulation is a huge red flag. It means NovaTechFX is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of NovaTechFX, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at NovaTechFX
NovaTechFX is described as an unregulated broker, raising concerns about the safety of funds and the reliability of its trading conditions. The site mentions difficulties faced by clients in withdrawing their funds, particularly issues with Tether (USDT) withdrawals.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
NovaTechFX Customer Service: Do They Handle Complaints Well?
The website does not provide specific details about how NovaTechFX handles complaints.
However, the overall tone suggests that customer grievances may not be adequately addressed.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
NovaTechFX Reviews: What Do Others Say?
Online customer comments are overwhelmingly negative, with many alleging that NovaTechFX is a scam. Clients report issues with withdrawals and lack of communication from the company.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like NovaTechFX tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust NovaTechFX reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of NovaTechFX, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like NovaTechFX enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “NovaTechFX reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising NovaTechFX.
You should always look out for consumer complaints. In the case of NovaTechFX, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about NovaTechFX? You can share your complaint in the comment section or submit an anonymous tip.
Is NovaTechFX Legit Or Scam?
Consumers are advised to avoid NovaTechFX because it is an unregulated and probably illegal site. NovaTechFX’s lack of openness, unrealistic claims, and regulatory concerns are all highlighted on the website.
NovaTechFX is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind NovaTechFX can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust NovaTechFX?
All the evidence suggests that NovaTechFX is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is NovaTechFX a scam?
Can I withdraw money from NovaTechFX?
Where is NovaTechFX Located?
How do I get my money back from NovaTechFX?
How The NovaTechFX Online Scam Works
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Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
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