scamrisk logo

NovaTech Reviews (2024 Update): Is Novatech Legit Or A Scam?

By: JosiahDec 11, 2023Network Marketing
NovaTech Reviews ([year] Update): Is Novatech Legit Or A Scam?

Novatech is an Investment company that claims to help you discover a new way of trading without the hassle.

How do they do it?

Many other Novatech Trading reviews will try to paint a rosy picture, but we're going to keep it real.

Now before we get into all the details...


This Novatech review has been thoroughly researched with information and testimonials that are available to anyone in the public. Any conclusions drawn by myself are opinions.

  • Novatech claims to offer big gains
  • Tons of positive reviews
  • Your guide for trading platforms
  • There are claims of people having lost money
  • Trading is not for everyone
  • Initial investment too high

Why Listen To Us

My name is Josiah, and this is my Dad, Joel.why listen us

Together, we make up the team here at Scamrisk.

If you’ll let me bother you for two minutes, I’d like to quickly explain why I’m even here writing this review.

In early 2020, I had just graduated from college & had no real career prospects.

I knew I was destined for something more, but I had no clue how I was going to make it happen.

I had this sinking feeling in my gut all the time… like the “big man upstairs” had accidentally given me the version of life where I’d be mediocre forever, instead of the one where I was, ya know – happy & fulfilled.


I had fiddled around with some different online businesses in college:

Some random MLMs, a bit of affiliate marketing, a (failed) dropshipping store or two, all the usual suspects.

Even my dad had been involved in MLMs back in the day… selling knives & other random nonsense people (probably) didn’t need.

All I really wanted was to find something that was going to actually work for me.

Maybe those things had worked for others, but for me it all turned up a fat “0” in the bank account department.

So I searched! And searched… and searched… and searched…

And eventually, I somehow stumbled upon a program that promised to help me build an income online (read about it here if you’re curious).

I didn’t really want to be “rich”.

The thought of making a reliable $5K per month & not having to worry about clocking in to a 9-to-5 ever again was all I needed.

Sure, there were people in the program doing high-6 and low-7 figures per year… but that wasn’t what I was out for.

I just wanted to provide freedom for myself, and if I was lucky, take my family along for the ride.

Fast forward a few days and a few phone calls & I was enrolled!

Here’s the first “money making website” I put up:

why listen us gif

I built that site in 2020, and it still makes me $1,500 per month. It’s a basic 5 page website I built based on a template the program provides.

The best part to me? My dad and I get to do it all together!

So between the:

  1. Ease of reaching $5-$10K per month in income online

  2. Straightforward-ness of the system to do it

  3. Fact that I get to do it w/ my family

Is why I recommend local lead generation as my #1 business model for making money online.

Sure, it takes some work and dedication – but anyone that tells you that there’s a business out there that requires no work is selling you a lemon.

I’m not saying you need to sign up for the same program I did, but I would definitely recommend giving the business model a peek!

Chances are you heard about Novatech because someone – a friend or family member – introduced you to the company. Maybe you attended an online workshop or webinar, or maybe an in-person information session.

Your head’s probably spinning. This might be the first time you’ve heard about a real way to make money outside of a typical job. So first off, congratulations!

You’ve just entered a whole new world…the world of making money on your own terms.

However, you came in through the wrong door.

Because Novatech is – plain and simple – an MLM company. Throw whatever fancy name you want on it…multi-level marketing (MLM), network marketing (NWM), direct sales, or anything else, it’s the same concept: You pay some money upfront for the “opportunity” to sell products.

The products are typically low-quality but with high price tags (because fancy labels and stuff). You’re told that the key to building your own successful business is selling these products to friends and family, and getting them on a subscription (so you get “monthly recurring revenue”).

Unfortunately, like most people who get taken in by these types of schemes, you’ll quickly discover that the well runs dry faster than you imagined.

After all, they make it sound really simple. “Just get 5 people you know onto this magic widget, and things will just grow from there.”

And in your head, you think “How hard can it be? I know plenty of people, 5 will be easy.”

But then you do it, and you realize people look at you like you’ve joined a cult. You’ve become “that person”, who joined an MLM, and is now trying to sell questionable products or services to everyone they meet. It puts a strain on your relationships, and you end up stuck between two worlds.

But it’s not your fault. These companies spend millions of dollars each year figuring out exactly how to brainwash and recruit people. And that’s why we’re here.

To help you find a better way before it’s too late.

So, what if there was a way you could build a passive income stream that’s actually passive?

An income stream that doesn’t require:

  • Inventory
  • Selling to friends and family
  • Selling to strangers
  • Recruiting people
  • Dealing with questionable products that weigh on your conscience

An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)? An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?

If that sounds like something you’d be interested in, check out Digital Leasing. 

Still Getting Paid

This is nothing like MLM, and that’s probably a good thing.

However, if you’d still like to know more about Novatech, keep reading.

What Is NovaTech?

NovaTech What Is Novatech

NovaTech LTD, an investment company, offers a forex, stocks and crypto trading platform. Despite its claims of easy money through compound interest, it has received negative reviews for issues like high deposit fees and difficulties withdrawing funds. Be cautious, as some allege it operates like a pyramid scheme.

Their company offers you the online money-making opportunity of trading with the help of their trading bot technology and also by creating your very own team as an affiliate.

Although this company comes with some suspicious stuff in their business, for example, they claim to be an American company, but when you look into their registered address is not the same as what’s on their website. I mean, this makes you wonder if they’re one of those fraudulent companies who don’t want to be tracked down.

Founder and CEO Of NovaTech

NovaTech Cynthia Petion

With over 30 years of expertise in international business management and development, Cynthia Petion, CEO of Novatech Ltd, is responsible for formulating, planning, and executing the company’s strategic direction, managing and implementing the company’s research and development plans, as well as monitoring the company’s entire operations.

Marketing, brand recognition, economics, and remuneration are also all within Cynthia Petion’s jurisdiction. Additionally, she has co-founded a wealth management and consulting firm with her husband.

What NovaTech Offers?

NovaTech What NovaTech Offers

As an MLM company, you might be a bit curious as to how you would actually make money with them. Below, you will learn about some of their services, compensation plan and packages that you will get access to after signing up.

  • PAMM Accounts

    With a PAMM account, investors can profit without having to engage in any trading activities.

    Investing in NovaTech’s master accounts allows you to benefit from the expertise of their professional traders. When they trade with your money, they are paid a portion of the gains they make through your money.

  • Mobile Trading

    Installing the Android or iOS version of MetaTrader 5 on your smartphone or tablet allows you to trade on the financial markets in full.

    In addition to being able to check your trade history and keep track of your trading account status, the mobile apps provide all trading features.

  • MetaTrader 5 Platform

    All-in-one trading platform with powerful analytical capabilities for people who like to trade independently, including visual objects and in-depth quotation dynamics analysis.

    More than 80 technical indicators and analytical tools are available on this platform, which includes more than 100 Forex trading and crypto currency pairings.

  • Affiliate Marketing

    You can also make money through affiliate marketing. Basically, you promote their website and get paid a commission for each individual that signs up.

  • No Deposit Fees

    You may begin trading as soon as your account is opened, and there are NO costs associated with making deposits.

  • 24/7 Customer Service

    Contact them using their online chat service or send us an email if you need prompt responses to your questions.

NovaTech Compensation Plan

NovaTech Compensation Plan

As with any MLM business, the higher your rank, the greater potential you have to make more money through commissions.

This is how Novatech encourages its associates to keep on bringing in new customers.


    Earn a direct referral bonus for sponsoring new members. Receive additional level-up bonuses when they upgrade!


    Earn indirect referral bonuses when your direct downlines sponsor new members. Receive additional level-up bonuses when they upgrade!


    Qualify for $100 or $500 Fast Track Bonus for jump starting your business in the first 45 days of enrollment!


    Earn a matching bonus every time your direct downlines earn a trading bonus. As their income grows, so does yours!


    Earn monthly residual bonuses from services fees paid by your direct downlines.


    Get rewarded in cash and prize bonuses worth up to $100,000 in value as your team grows.


Higher ranks enjoy the privilege of sharing NovaTech Ltd's net profits every quarter by participating in our profit sharing pool.

NovaTech Packages

NovaTech Startup Packages

The first step is to get one of the company’s investment packages.

Although the company promises a return on your investment, it doesn’t specify how much or how often you’ll get it.

The sole mention of a return on investment percentage is the 1% bonus VIP members get each month on top of all other package levels.

  • Bronze Package

    Investment of $500 – $2499, $35 monthly fee

  • Silver Package

    Investment of $2500 – $4999, $30 monthly fee

  • Gold Package

    investment of $5000 – $9999, $25 monthly fee

  • Platinum Package

    investment of $10,000 – $24,999, $20 monthly fee

  • VIP Package

    investment of $25,000 or more

As noted below, to withdraw funds, there is a charge required and the amount of which varies according on your level:

  • Bronze Package Level

    35% withdrawal fee

  • Silver To Platinum Package Levels

    30% withdrawal fee

  • VIP Package Level

    25% withdrawal fee

Novatech Pricing

Novatech Pricing

There is a one-time fee of $49.95 and a monthly fee of $2.95 for the NovaTech affiliate membership.

In order to fully participate in the associated income opportunity, a $99 initial investment is required (affiliate fee waived).

You should be aware that NovaTech affiliates who sign up for a package will be charged $25 each month in addition to the $49.95 setup cost (VIP and President package tiers excluded).

Novatech Reviews: What Does The Internet Have To Say?

What Does The Internet Have To Say

Let's take a look at some Novatech reviews over on Reddit.

"It's like a day trading company. They've never had a negative return on investment but it just seems shady. The people who started used to be in a ponzi scheme but say they left because of that. Wondering if anyone else has heard of it." - Fit-Glass-7785

"'They've never had a negative return on investment but it just seems shady.'
That is a scam." - IAmAJellyDonut35

"'It just seems shady'
- Trust your gut.

'They've never had a negative return on investment'
- Oh, so, they are omniscient and can predict the future? Are they all billionaires/trillionaires themselves?

No? Why not? If they've never had a negative ROI, why are they still working for commission?
- This is 101% a scam." - memorex1150

Next, let's go over to Trustpilot for some insight...

"Been with Novatechfx almost a year, I have more than doubled my account size by compounding my earning my first 6-7 months with the company, and now make frequent withdraws. Like any investment company it has its ups and downs, but they continue to exceed my expectations and come through every time things get a little nerve wrecking. Don't buy into the negative reviews too much, they are just un educated. Novatech has been in business almost 4 years, and other than the occasional unexperienced un educated client, or even fake accounts, there is no reason to buy into this nonsense that novatech is scam. Get educated, find a good upline that will give it to you straight and Novatech will exceed your expectations." - Matthew Villani

"I would have rated Novatechfx 5 stars, because while I was a member I was happy with my experience. HOWEVER, since they pulled out of my area (to avoid securities regulations) and cancelled my account, I’ve not received my funds back. It’s been 30 days and 3 support tickets sent. Very disappointed at the lack of customer support and lack of concern once my region became restricted." - Krista Nenn

"Anyone have any ideas on any new ponzi scheme scams where one can get more money from others in their downline when they deposit? As this one is not paying out anymore :(
Some people are looking for a 50/50 ponzi where when someone deposits under them 50% of their deposit money goes to the upline that invited them and the other 50% goes to the owners. This one sent most of people's deposits directly to the owners and a very little small % to the upline who did all of the work to get the signups! Thats not fair!!! Some people are looking for better deals and better cuts on the ponzi!!! It's just not a fair cut!" - Trader Roger

As you can see from these remarks, the feelings about NovaTech Fx are fairly mixed.

NovaTech Texas State Securities Board

AWS was a cryptocurrency mining company that offered individuals investment opportunities. But as it turned out, they came under investigation by the Texas State House mainly for the fact that so many members had lost their money.

A securities fraud cease and desist order was ultimately issued accusing AWS of bad faith practices for their claims of 200% returns, only to renege on the claim later. In addition, they were also investigated for other illegal and deceptive crypto-related activities.

The connection with AWS is critical due to its connection with Cynthia Petion’s husband, Eddy Petion, who was the President of the company with Cynthia at his side as the Vice-president. Also, the investigation might have implications for the stock exchange in the Caribbean (specifically St. Vincent and The Grenadines) where similar issues may have taken place.

So Is Novatech Legit Or A Scam?

Scam or Legit

Well, this is a good question. On one hand, you might make money with NovaTech, but it’s definitely not as easy as Cynthia Petion makes it sound. And quite honestly, you could be better off rolling the dice somewhere else.

Again, with any kind of financial company (especially trading), you’re taking on a lot of risk.

Sure, you could hit it big and retire in Italy, but chances are you need the stomach and financial cushion to weather tons of losses before you get there...and it may never happen.

Most of the big gains numbers these companies use in their marketing (“xyz grew by 4,112% in 3 months” or “this option made 324% in just 2 days”) are cherry-picked.

They don’t tell you about the 10 100% losers that came before.

In other words, if you invested $100 into 11 recommendations, you’d lose $1,000, and make back $ you’d still be out almost $700.

So, is Novatech legit?

Honestly, I wouldn't roll the dice.

Most people don’t have the fortitude to stick it out through 3 straight months of losers in the hopes of landing one big winner.

What if, instead, you took those same 3 months, invested just a couple hours a day (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?

And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?

And what if you could double it next week?

Well, that’s the power of Digital Leasing.

It’s a true lifestyle business.

Your laptop and an internet connection is all you need.

Some of the most successful students in this program run their entire 6-figure businesses from:

  • A camper in the middle of the woods
  • A beach chair on the water in Mexico
  • A small villa in Greece

Saying Goodbye To Our Jobs

They’re able to travel around, living their lives first, and focusing on their income second.

Because even if they stop working for an extended period of time, the money keeps coming in.

So adventure, memories, and experience are the top priority.

And they never have to worry about how to pay for the next trip, or consider asking for time off.

If this sounds more like the type of life you want to lead, just click here to find out more about Digital Leasing.

Are There Alternatives After Reading Novatech Trading Reviews?


Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:

Our #1 Recommendation For Making Money Online From Home In 2024

Digital Leasing

Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs. While there may be no “perfect business”, the research IS conclusive:

Digital Leasing is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Leasing is for you.


1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Leasing business.

And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.

Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day. This is only possible if you have an income stream that’s not tied to your time.


2) You Own & Control EVERYTHING: With MLMs and Network Marketing, you don’t really own anything. You have no control over the quality of products. You don’t even own your “team”.

Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.

With Digital Leasing, you own the assets, which means you have all the power and all the control.

Feeling Blessed

3) Little To No Startup Costs: It’s possible to get into Digital Leasing with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.

Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.

Scott Lead Gen

4) No Inventory: Alright, so most MLMs don’t make you buy the products and fill your garage with them anymore (unlike the good ol’ days), but you’re still in a physical products business.

And physical products always have physical limitations. Even if you don’t have to manage the inventory, you still have to deal with supply chain shortages that cause major delays.

Imagine finally landing your first customer, and then losing them after one sale because they had to wait 6 weeks to get their order.

With Digital Leasing, a 100% online business, you never even have to think about that risk.

Done Deal

5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).

Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.

Because you have more knowledge, more experience, more results, and more momentum.

If you wanted to double your income with an MLM, you’d have to double your customers OR double the average order size of your existing customers. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.

Lance Lead Gen

6) Make Money Helping Real People: This part is what makes it all worth it. In an MLM, your “upline” might convince you that what you’re selling improves people’s lives, but deep down, you likely know that’s not true. Most of the time, you’re either selling a dream or a poor-quality, overpriced product with a fancy label. And that makes it pretty hard to sleep at night.

But with Digital Leasing, you’re actually helping people by solving your clients’ biggest problem: Small, local businesses need more customers, and with Digital Leasing, you are unleashing a flood of happy, paying customers for these businesses. You make money by helping them make money.

Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.

Once you see how Digital Leasing makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.


Now, the choice is yours.

You could continue browsing, looking at other companies similar to the Novatech business model which could one day make you money.

You could continue researching, never making a decision.

OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Leasing.

A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.

All while genuinely helping real people who are grateful and happy to pay for it.

If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Leasing.

0 Responses
Leave A Reply
Your email address will not be published. Required fields are marked *
Comment *
Name *
Email *
Save my name and email in this browser for the next time I comment.

All site content, links and resources are presented solely for informational purposes only and should not be considered as medical, legal, financial or tax advice. is free to use because we may earn a commission when you use a service listed on our site, however our editorial treatment of reviews, ratings and listings is equally impartial whether a link is paid or unpaid. Opinions expressed in reviews, commentary and articles are those of the author and are not necessarily shared by Scam Risk. Screenshots, logos, company names & styles are IP, copyright and trademarks of their respective owners, used on this site for their promotion or editorial illustration.

Continued use of is contingent on acceptance of Scam Risk's legal policies

scamrisk footer logo