Want to grow your wealth? Minimizing the risk of losing to investment companies can be hard. Due to inflation or any other reason, it becomes like you’re constantly risking investments that can make you lose cash very quickly. You have stumbled upon the right article. As we will discuss every necessary thing, we will proceed with the NovatechFx.
What is NovatechFx?
Novatech Forex, or NovatechFx, is a large and rapidly growing financial company founded by John Smith. This technology specializes in forex trading. The lack of proper regulation in the forex market puts traders in danger.
Furthermore, NovatechFx announced that they would stop giving commissions, which made the investors doubt that the company might be a scam. However, some investors were quick to realize that this is because it would make it harder for them to withdraw their money.
Is NovatechFx Legit or Fake?
NovatechFx lacks transparency and does not support visitors’ access. As mentioned above, people have different experiences of using this platform. However, Global Fraud Protection Experts declared it as a Fraudulent platform that involves a lot of risks, which also include identity theft and financial losses.
Furthermore, we have gathered some proof that might make you question its authenticity if you consider it a legitimate website.
1. Missing trading activities:
There should be enough proof to show that people investing money are not paying the old members; hence, there must be a piece of evidence that trading activities are happening now in NovatechFx.
2. No authority body:
The NovatechFx company should at least be registered with an authority like the Security and Exchange Commission (SEC).
3. Drastically Earning Double:
Some platforms claim an average return on investment is 3%, whereas NovatechFx claims that if you reinvest your money, you can double it in 5 months, which is hard to believe as it sounds so surreal.
Indecisiveness and Doubts
There are many red flags, which makes it hard to believe whether this company is legit. As it is not registered or certified by any authority, as mentioned above, there are no signs of actual trading. Even some people have faced trouble logging into their NovatechFx account.
However, if you have sadly invested money in the trading app, then you will have to face the odds of this. Well, there is a possibility of avoiding the risks of losing money, as some investors have claimed that there is a possibility of withdrawing your funds.
How to Minimize the Risk of Losing Your Money to Such Companies?
Here are some of the ways that can help an individual minimize the risk of losing their money when they are investing in any financial company.
- Always be sure of what you are putting yourself into before investing money.
- Make sure to search and find about the legit trading platforms.
- Find the reviews and suggestions from people already investing and trading.
These 3 simple and easy safety measures can help an investor a lot in saving their money by not risking it at any illegal or fraudulent site.