No valid regulatory information
Please be aware of the risk!
No restriction on the broker account. Provide service support by WikiFX
Suite 305, Griffith Corporate Center PO Box 1510 Beachmont Kingstown, GE VC0120 Saint Vincent and the Grenadines
It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
NovaTech is a registered MetaTrader broker operating its own trading platform with one of the deepest liquidity pools in the industry. What we OFFER Cryptocurrency & Forex MT5 Trading Platform PAMM or MT5 Accounts Cryptocurrency Payment Gateway Exclusive Affiliate Program
What does NovaTech look like? Can you make a withdrawal from NovaTech? Is NovaTech legal in your country? Those are important questions that many traders are eager to know the answer to. WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. And you should never miss it.
The Forex market is a textbook example of a perfect market built by humans. A market is defined as any location where buyers and sellers come together. When there are numerous buyers and sellers, and they are all aware of who has the best prices, perfect competition is accomplished. Consider ordering your favorite pizza for the greatest price and having it delivered in less than a second. That is what the forex trading market is capable of, despite the fact that it solely deals with currency exchange.
Novatech announces further strategy adjustments with the consolidation of two of those acquisitions: United Laser and ManagedPrint, following four acquisitions in a year.
NovaTechFX claims to provide the lowest commissions and spreads in the Forex and crypto markets, as well as the finest trading experience. On the main page, we have a few of offices, but no regulations.
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General Information & Regulation
NovaTech is an offshore broker registered in Saint Vincent and Grenadines, not subject to any regulation at this stage. Please be aware of the risk.
Tradable financial instruments available on the NoveTech platform include forex currency pairs, commodities, indices and stocks.
NovaTech advertises account tiers that start from $99. This isnt a high amount to start with, yet some legit brokers require even less. Since NovaTech is an unregulated broker, traders should stay away from it and not deposit here.
The maximum trading leverage offered by NovaTech is up to 1:100, when it comes to leverage. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Spreads & Commissions
Trading Platform Available
NovaTech says to use MetaQuotes‘ latest platform, the MetaTrader5 (MT5). However, we couldn’t access any platform even after signing up with the broker, therefore, this is just a scam to attract new traders.
Deposit & Withdrawal
When it comes to deposit and withdrawal methods, NovaTech works only with cryptocurrencies. However, funding through crypto wallet can be very risky, traders should choose those brokers who support Visa, Mastercard, etc.
NovaTech doesnt offer a dedicated customer service team, as it is can be only reached through email. Telephone and live chat are not available.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.