In this review, find out…can you really make a long term passive income with NovatechFX or if it’s just another ponzi scheme set up to scam you?
Let’s find out…
NovatechFX The Company:
Website and Domain: When they officially launched back in mid 2019, they were using the domain “novatechfx.io” that was registered using incomplete details on June 16, 2019. That domain was then later updated to ‘private’ registration on June 02, 2021 and then forwarded to “novatechfx.com”.
novatechfx.com was privately registered on June 06, 2016.
Even though this second domain appears to be an ‘aged’ domain, NovaTechFX was not in business back in 2016.
According to an Alexa search, most of the traffic going to novatechfx.com is from The US and South Africa. NovatechFX is not legally registered to offer the public a passive investment opportunity in these countries since they are not registered with the SEC or FSCA (Security Regulators).
NovatechFX is headed up by Cynthia Petion (CEO) and her husband Eddy Petion (COO). Cynthia is calling herself “The Reverend CEO”.
The good news is they are real people heading up this company. I have done many reviews in the past that were created around ‘anonymous’ owners or fake made up identities.
But the bad news is the founders have a history of promoting scams.
The duo are a Power couple that are very well known in the MLM Industry.
But for some reason they lost their way from promoting lotions, potions and pills to promoting investment scams (since it’s much easier to promote passive income opportunities to the marketplace).
And passive income MLM opportunities usually end in collapse and exit scam!
Back in 2018, they were promoting the AWS Mining Scam that collapsed in April 2019 after they got a ‘Cease and Desist Order’ from Texas Securities Board.
Another well known scam back in 2017 called USI Tech also collapsed and exit scammed after they got in trouble with Texas.
Up to this day, there is zero verifiable proof that AWS Mining had any mining facilities that ever existed.
AWS Mining Investors / Victims lost Millions upon Millions when it ended.
NovaTechFX 3 Ways To Make Money:
1- Customer (auto trading account). This is the passive income opportunity for investors who don’t want to recruit.
2- Affiliate (MLM / Network Marketing Recruitment). This is for the hard core marketers. Most of the income will be made by this group.
3- Trade On Your Own
NovaTechFX MLM Compensation Plan:
DIRECT REFERRAL BONUS
- Affiliate Package: $49.95, no trading deposit. Does NOT qualify Sponsor for Direct Referral bonus.
- Builder Tier: Enroll a builder package $99 – $499 USD and qualify for a $10 bonus.
- Bronze Tier: Enroll a bronze package $500 – $2,499 USD and qualify for a $50 bonus.
- Silver Tier: Enroll a silver package $2500 – $4,999 USD and qualify for a $125 bonus.
- Gold Tier: Enroll a gold package $5,000 – $9,999 USD and qualify for a $250 bonus.
- Platinum Tier: Enroll a platinum package $10,000 – $24,999 USD and qualify for a $500 bonus.
- VIP Tier: Enroll a VIP package $25,000 – $99,999 USD and qualify for a $1250 bonus.
- President Tier: Enroll a President package $100,000 USD or more and qualify for a $5000 bonus.
INDIRECT REFERRAL BONUS
- First Level – Receive 5% of all Direct Referral Bonuses paid to 1st level Sponsor Tree.
- Second Level – Receive 2% of all Direct Referral Bonuses paid to 2nd level Sponsor Tree.
- Third Level – Receive 1% of all Direct Referral Bonuses paid to 3rd level Sponsor Tree.
- Fourth Level – Receive 1% of all Direct Referral Bonuses paid to 4th level Sponsor Tree.
- Fifth Level – Receive 1% of all Direct Referral Bonuses paid to 5th level Sponsor Tree.
- Sixth Level – Receive 0.5% of all Direct Referral Bonuses paid to the 6th level Sponsor Tree.
- Seventh Level – Receive 0.5% of all Direct Referral Bonuses paid to the 7th level Sponsor Tree.
Rank Achievements
Platinum Associate
Bonus = $100
PV Requirement = $500
GV Requirement = $25,000
Max leg volume = $15,000
Ranks in downline = 3 Associates
Junior Executive
Bonus = $500
PV Requirement = $2,500
GV Requirement = $50,000
Max leg volume = $30,000
Ranks in downline = 1 Platinum Associate
Executive
Bonus = $1,000
PV Requirement = $2,500
GV Requirement = $250,000
Max leg volume = $150,000
Ranks in downline = 1 Junior Executive or 3 Platinum Associates
Senior Executive
Bonus = $2,500
PV Requirement = $5,000
GV Requirement = $1,000,000
Max leg volume = $450,000
Ranks in downline = 1 Executive or 2 Junior Executives
Junior Director
Bonus = $5,000
Payable over 3 months. Member must maintain Junior Director rank in order to receive payment for that month.
Month 1 = $2,000
Month 2 = $2,000
Month 3 = $1,000
PV Requirement = $10,000
GV Requirement = $5,000,000
Max leg volume = $2,250,000
Ranks in downline = 1 Senior Executive or 2 Executives
Director
Bonus = $10,000
Payable over 3 months. Member must maintain Director rank in order to receive payment for that month.
Month 1 = $4,000
Month 2 = $4,000
Month 3 = $2,000
PV Requirement = $25,000
GV Requirement = $10,000,000
Max leg volume = $4,500,000
Ranks in downline = 1 Junior Director or 2 Senior Executives
Senior Director
Bonus = $25,000
Payable over 3 months. Member must maintain Senior Director rank in order to receive payment for that month.
Month 1 = $10,000
Month 2 = $10,000
Month 3 = $5,000
PV Requirement = $50,000
GV Requirement = $25,000,000
Max leg volume = $11,250,000
Ranks in downline = 1 Director or 2 Junior Directors
1-Star Ambassador
Bonus = $50,000
Payable over 3 months. Member must maintain 1-Star Ambassador rank in order to receive payment for that month.
Month 1 = $20,000
Month 2 = $20,000
Month 3 = $10,000
PV Requirement = $100,000
GV Requirement = $50,000,000
Max leg volume = $22,500,000
Ranks in downline = 1 Senior Director + Directors
2-Star Ambassador
Bonus = $100,000
Payable over 3 months. Member must maintain Senior Director rank in order to receive payment for that month.
Month 1 = $80,000
Month 2 = $80,000
Month 3 = $20,000
PV Requirement = $250,000
GV Requirement = $100,000,000
Max leg volume = $45,000,000
Ranks in downline = (2) 1-Star Ambassadors
Positive Trustpilot Reviews:
Usually when you have a network marketing passive systems being reviewed on Trustpilot, you see many reviews that are positive.
These ‘positive’ reviews are mostly created by affiliates / network marketers who understand that NovaTechFX will not last if ‘new’ investment isn’t acquired.
They have a lot of positive reviews!
But (and there is always a but)…
You must pay attention to the negative reviews as well since they tell a tale…
Here is one where someone had a bad experience and doesn’t recommend anyone invest with NovatechFX:
The Conclusion:
Does a NovatechFX Scam Exist?
Well let’s look at the facts:
1- Founders and Reverend CEO are known for promoting scams.
2- AWS Mining was a blatant ponzi with zero mining that was ruthlessly promoted by Cynthia and Eddy Petion.
3- NovaTechFX (alike AWS Mining) is not legally set up to offer the public an Investment Opportunity ‘outside’ St Vincent and The Grenadines.
More importantly…
They are not registered with the SEC, FSCA or any other Securities Regulator outside St Vincent and The Grenadines.
4- No Verifiable proof of any Forex Trading.
They show a video with trading bars, graphs and such, but sadly it is recorded and what makes things even worse, is the fact that most people calling themselves investors, don’t even understand it.
At most, it’s a ‘smoke and mirrors show’ to dazzle investors.
Lastly…
5- If the Petion’s (founders) could actually make 3 -5% ROI on their own, why would they need some random stranger like yourself?
Why would they need such a big mega MLM Comp Plan above?
If these NovaTechFX people could actually do what they claim they can do with FOREX, all they would have to do is go to the bank, take out a huge investors loan and silently make Billions of dollars by themselves!
My Prediction:
NovaTechFX has lasted a little more than 2 years so far.
Some affiliates will argue that this is proof of legitimacy.
I will argue that they have managed to fly under the Regulators / Authorities radar for now.
But if they acquire a bigger data base of affiliates promoting it down the road, they will start getting fraud warnings.
When network marketing recruitment runs dry (or if new investors are scared off), this scheme will collapse and exit scam just like AWS Mining did.
At that point, most of the Investors will lose most of their invested funds.
This concludes my NovaTechFX Review.
Rory Singh is a Home Business Development Coach, Blogger and You Tube Publisher
I have seen many people, companies and systems come and go in my years online. I have 3 decades of experience in the MLM industry (since the 80’s) and have been online since 2006 (as an affiliate marketer).
I have been doing Reviews since 2013.
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