NovaTech (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I had a dispute with NovaTech (Imposter) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Regular updates|Fast support response
Cons: Email notifications too frequent|Spreads widen during volatile periods
I wanted to transfer my portfolio from another broker to NovaTech (Imposter). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Easy withdrawals|Real-time alerts|Good analytical tools|Responsive team
Cons: Research section could be deeper
My withdrawal from NovaTech (Imposter) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for a few weeks now of being strung along.
Pros: Good mobile app|Easy withdrawals
Cons: Search feature is basic
The platform itself is okay, but the customer service at NovaTech (Imposter) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Transparent fees|Regular updates|Multiple order types|Comprehensive tools
Cons: Live chat only during business hours
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that NovaTech (Imposter) has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database