If you’re looking for a great article that will explain what is NovaTech that will also explain why it is not a pyramid scheme, then this is it!
It’s been over a year since I took a look at NovaTech and skipped updating this article due to various reasons.
I decided to take the time to check up on them because I learned more interesting information about the company.
Today, you are going to learn the interesting details that I’ve learned to decide if NovaTech is a company that you can join and stand with.
With that said, let’s dig in and get started.
What Is NovaTech – Summary
|1. Company: NovaTech|
|2. Type: Forex/Crypto Trading, MLM|
|3. CEO: Cynthia and Eddy Petion|
|4. Cost: Minimum $100 with a $25 per month member fee.|
|5. Payment/Withdrawal Methods:|
|6. Money-Back Guarantee: None|
|7. Support: [email protected]|
|8. Website: https://Novatechfx.com|
Quick Summary: NovaTech is an investment company that offers
This company attracts people that are interested in:
- Passive Income
While I can agree that many of the aspects that I listed above will be attractive to many people, we still have to do our research before diving into anything that we are going to invest in, whether it is our time or money.
Here is a breakdown of the pros and cons…
Here are some of the pros:
- The company has been running for 3 1/2 years
- The company has not failed to pay returns or commissions since the launch
- The company has a high standard for the traders they use and vets them for 30 days in a training environment before consideration.
- The company manages its own platform for trading, so it can monitor and keep track of all trading accounts.
- They have a strict process in place for risk management to keep any losses at a very low percentage.
- They also use AI robots to handle some of the tradings with the same risk management parameters to help with more winning trades.
- The company and owners are very transparent.
- The company used to provide public trades for verification, and can still provide detailed reports if necessary at any time.
Here are some of the cons:
- Trading is traditionally risky, and it should be taken with a thought process that trading can end in losses along with wins.
Is Novatech a Pyramid Scheme? – Verdict
No, It is not a pyramid scheme! If you are looking for a legitimate business, then I can say that NovaTech is a legit business that has been running for 3 1/2 years since the writing of this article.
However, with any investment opportunity, there are risks, and the promise of earning any money is never guaranteed, so anyone that joins takes on the personal risk that they might not earn any money.
With that said, I do them very interesting, so I’ve included much more detailed information about NovaTech below in the following sections of my article.
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What Is NovaTech?
NovaTech is a platform that offers forex (FX) trading and crypto trading using auto-trade methods along with the NovaTech trading bot to generate returns on members’ investments.
NovaTech has an interesting platform for dealing with risk and the methods they use to generate consistent weekly profit.
The CEOs and owners of NovaTech are the husband and wife team, Cynthia and Eddy Petion.
The only blemish they have on their record is owning a company that had to shut down due to it being a scam that was called AWS Mining back in 2019.
Some were saying that AWS Mining was an exit scam, but I couldn’t find anyone really bad-mouthing the owners after AWS has to close.
Additionally, Cynthia and Eddy launched NovaTech soon after, so that could have saved them from the negative backlash.
Originally, I didn’t have high hopes for NovaTech because I thought they were going to use the same failed formula to continue to pump money.
However, after 3 years of NovaTech running smoothly, I have changed my mind about them.
I have dug a bit deeper into what they offer and how they are running their business.
I found they have a solid risk-management process in place along with a strict vetting process for their traders.
Their traders have to go through a month of trial trading before even being considered.
Since its launch, NovaTech has paid out what was owed to members, and the day-to-day business affairs have also been solid.
NovaTech generates profit through crypto and forex trading, but the main and steady income generation is done through trading forex using MetaTrader 5.
With the company details covered, let’s continue.
What Services Does NovaTech Offer?
In this section of my NovaTech article, I am going to share the details that I found about the products/services they offer.
The NovaTech service is the ability to participate in trading activities to generate profit through the strategies their human and AI traders generate in the market.
The company trades in both forex and crypto.
Crypto is traded 7 days a week and forex is traded 5 days a week due to how these 2 markets work.
The main service the company offers is its trading packages.
The main packages are called their PAMM accounts, in which members can deposit their investments with the company and let the company do all the trading for them.
The trading packages also work using MetaTrader 5, for manual trading, and members can see performance results in their back office that are updated each week.
The company used to offer daily trading results but due to a variety of issues, they switched to only offering weekly performance reports, but they can always offer to show their trading reports if needed.
With the services/products covered, let’s continue.
How Do Members Make Money With NovaTech?
In this section of my NovaTech article, I will share the details about how members can make money with them.
There are 2 ways that members can make money with NovaTech:
- The Investment PAMM Package Returns
- Referral Program Commissions
Getting Started and Investment Packages
The first way that members can make money with NovaTech is through the investment packages they offer.
This is what is called the PAMM account, where members will get access to the traders and Ai that NovaTech has in place to earn returns and also the affiliate program.
The investment packages offer a done-for-you solution in the way that the company will supply full-time traders and AI robots to trade on your behalf using your investment.
The company has a strict vetting process that I discussed above how they choose their human traders and the company monitors all activity.
They also have strict rules that are set in place for the traders and AI trading bot for risk management purposes to reduce or limit any losses.
NovaTech has been trading for over 3 years and has done an incredible job over this time period by being able to pay every member their returns and commissions when requested by a member.
Here is an image and breakdown of the 7 PAMM investment packages that NovaTech offers:
- Builder Package – This package will require a deposit of $99 to $499 to start.
- Bronze Package – This package will require a deposit of $500 to $2499
- Silver Package – This package will require a deposit of $2500 to 4999
- Gold Package – This package will require a deposit of $5000 to $9999
- Platinum Package – This package will require a deposit of $10,000 to $24,000
- VIP Package – This package will require a deposit of $25,000 to $99,000
- President Package – This package will require a deposit of $100,000 or more. (I’m not sure if this level is still available due to not being listed anymore)
When a member joins one of these packages above, there is also a $25 per month subscription fee that is required unless you join the VIP package which does not have a monthly fee.
With each of the packages, the trading returns will produce the same, the difference is the packages are the withdrawal fees that are associated with them.
The higher cost of the package a member chooses, the lower the fee will be.
The Bronze package has a withdrawal fee of 35% to 30% fee for Silver to Platinum, and the VIP package will have a fee of 25%.
NovaTech Trading Proof Video
Does NovaTech really trade for members? Here is a great video I found that should answer this question.
Referral Program Details
When it comes to the referral program, NovaTech calls is their affiliate program.
The company pays and tracks referral and downline commissions using the Matrix compensation plan structure.
The company has a holding tank where members are able to place new members anywhere in your downline there is an empty space available.
There are requirements members will have to meet to reach ranks.
The compensation plan has performance-based bonuses, which I will list here:
- Affiliate Rank Bonuses
- Retail/Recruiting Commission (Matrix)
- ROI Match Bonus
- Rank Achievement Bonus
- Profit Sharing
Below is a great compensation video that will explain how the NovaTech compensation plan works in regard to rank requirements and building your downline, presented by CEO Cynthia.
What’s The Cost To Join?
The minimum cost to join NovaTech is $99 for the basic PAMM account package, which includes the done-for-your-trading program.
All the packages will also require a $25 per month membership cost unless you join at the VIP level.
If a member wants to join the affiliate program to earn referral commissions and also a percentage of the returns generated from the member’s trading account, members are required to pay a one-time $49.95 fee, then $2.95 per month.
With that covered, let’s finish up!
Conclusion: What is NovaTech, Is It A Pyramid Scheme?
In the last section of my NovaTech article, I am going to share my final thoughts and recommendation about them.
At this point in my article, I hope that I was able to answer all of your questions about NovaTech.
If you have any additional questions or want to leave a comment, please do so in the comment section below.
Would I Recommend NovaTech?
After checking out all the information I gathered, I would recommend it based on several factors that I covered.
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With that said, I hope you enjoyed my article on what is NovaTech.
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