The company is registered in Saint Vincent and the Grenadines. This is an offshore zone for forex trading, and there is no official regulator for forex brokers. This means that Novatechfx is not licensed or regulated and therefore cannot guarantee the security of your funds. This means that if this broker decides to close the site, your money will be gone.
If you try to open a trading account with Novatechfx, you will find that the leverage offered by this broker is 1:100. This leverage is high and your funds will be at risk if your transactions fail, as high leverage increases the scale of financial losses.
You can find out more about NovaTechFX withdrawal issues and other information about this broker on the Global Fraud Protection website. Global Fraud Protection talks about well-known scam and fake investment scam so that you know more and can protect your money
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