Unlike other online trading platforms, Novatechfx allows you to transfer money directly from your bank account or credit card, which means that you do not have to put up a large amount of capital to start trading. As with any other online broker, you can trade in several different currencies and enjoy better exchange rates than traditional banks. However, it is important to remember that an offshore broker is not as regulated as an online broker based in the U.S., which can put your money at risk. For this reason, you should never trade with an offshore broker without conducting your due diligence.
While some online trading platforms are registered with the FCA, ASIC, BaFin, CFTC, and others, NovaTechFX is not regulated by any of them. Therefore, investors should avoid using it. Before investing in any financial product or service, you should always do your own due diligence and research before placing your money with an online trading platform. You should also be aware of the potential risks associated with trading with any company that claims to be regulated by these agencies.
The company started Novatech FX after it was scammed by AWS, which offered no security. They paid affiliates almost as high as the top executives of the AWS. NovatechFX pays commissions on results and not on recruiting. This is a big difference and one that makes them a far better choice. However, before investing your money, you should make sure that your investment is safe and will yield a profit.
Although NovaTechFX does not offer conventional account types, they do offer 6 different trading plans. The Builder plan requires a minimum of $99, while other plans require deposits of $500, $2,500, $5,000, or $10,000. During the signup process, you may have to deposit cryptocurrency. This makes tracing your money difficult. Nonetheless, you can always try their free demo account to see if it’s the right fit for you.
While most brokers and online trading platforms require you to have a certain amount of experience before they will allow you to trade, NovaTechFX offers you a free trial that allows you to evaluate the program for free. If you don’t have a lot of experience, you can opt for advanced services and receive expert guidance. Moreover, the company also provides 24/7 customer support. However, before you invest, it is important to read the company’s terms and conditions.
While this may sound like an ideal investment opportunity, it is important to do your due diligence. While this company has not registered with the SEC, its website and videos demonstrate how to sign up for their services and how to deposit your money into their accounts. You can also see the names of the executives of the firm. Rev. Cynthia Petion and Eddy Petion are not the best names to associate with. As a matter of fact, both are former employees of AWS Mining, which was shut down by the Texas State Securities Board. In short, both of them have been involved in other online scams.