On 11 Oct 2022, the British Columbia Securities Commission (BCSC) issued a warning that NovaTech was not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2022/novatech-ltd
NovaTech claims to be registered in Saint Vincent and the Grenadines with registration number 25614 BC 2019. We searched Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) and found a company named Nova Tech Ltd. However, SVG FSA is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services.
Moreoover, the British Columbia Securities Commission (BCSC) issued a warning that NovaTech was not registered to trade in, or advise on, securities or derivatives in BC.
The truth is that NovaTech is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, NovaTech is a scam.
On 13 Dec 2022, the Ontario Securities Commission (OSC) issued a warning that NovaTech was not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/novatech-ltd
As the old domain novatechfx.com turned nonfunctional, Novatech has introduced a new domain novatechfx.uk.com to solicit investors. Please beware of the risks involved and avoid this scam broker.