NovaTech Review – Investment Scam MLM? Compensation Plan Details

Welcome to my NovaTech Review.

One of the things that we are going to take a look at today is if NovaTech is a scam or not.

We don’t want to join a company that ends up shutting down in a few months due to bad business decisions or non-compliance reasons.

I am going to take the time to research and review the information about the company, the products, and the compensation plan to see exactly how this company works.

I am also going to share my final thoughts about what I found out as well.

Additionally, just for visiting us today, I am going to give you access to a couple of bonuses that will help you make more money online.

You will be able to find my free bonuses below.

With that said, let’s dig in and see what we can learn about NovaTech.

What Is NovaTech – Review Intro

NovaTech is an online MLM opportunity that offers you the ability to earn money through their trading bot technology and through referring others and building a team.

The niche that I would say that the company is in would be the crypto and forex trading MLM niche.

Company Information

One of the things that we like to see when taking a look at any online money-making opportunity is who runs or owns that company on the company website.

This gives us the ability to learn more about the background and the experience that the owner has and also gives a sense of trust due to the transparency it offers.

Unfortunately, NovaTech does not have any information about who owns or runs the company on its company pages at this time.

We took the time to research the information about the domain name and here is what we found:

• The domain name “navatechfx.io” was registered on 6-17-2019.
• The listed owner is NovaTech LTD
• The address is listed in Vatican City (incomplete, seems fake)

When taking a look at the company website, the claim is that they are registered in the USA, Estonia, and the British Virgin Islands.

If they are registered in the USA to offer what they offer as far as an ROI, then it would take a ton of money and certain passes by the SEC to do so.

It is highly unlikely that they are registered “completely” in the USA in my opinion.

With that said, let’s get to our first free bonus.

Another great review: Power Lead System Review – The Best Tools For Building Your Business Online? Full Details

What Products Does NovaTech Offer?

In this section of the review, we are going to take a look at the products that NovaTech offers.

When you are offering an MLM structured business model like NovaTech offers, you need to offer retail products as well to be compliant with the MLM law in the USA at least.

Unfortunately, the company does not offer any retail products at this time.

The main thing that the company offers is a trading bot that is supposed to trade in crypto and fiat currencies to generate a ton of profit through trading these currencies.

The name of their software is called “N-Tech” artificial intelligence.

It is supposed to maximize all of the trading possibilities to maximize profits.

That is how the company claims that it can sustain the ROI profits that they are going to pay you.

That is all of the information that we have on the products that NovaTech offers, let’s move on to the next section.

Another great review: Tava Lifestyle Review – Scam or Legit? Compensation Plan Breakdown

How Does The NovaTech Compensation Plan Work?

In this section of the review, we are going to take a look at how the compensation plan works and how you can make money with the NovaTech opportunity.

There are 2 ways that you can make money in NovaTech which are:

• Some type of promised ROI
• Referral Commissions

Getting Started and ROI Commissions

The first thing that you need to do to get started is to invest in one of the packages that the company offers.

The company does say that you will earn a return for your investment but does not specify the percentage amount or frequency.

The only mention of any ROI percentage amount is the 1% additional that VIP members will earn per month on top of all other package levels.

Here is a breakdown of the packages that the company offers with the investment cost to join:

• Bronze Package – This package will require an investment of $500 – $2499 with a $35 per month fee to maintain your qualifications and benefits at this level.
• Silver Package – This package will require an investment of $2500 – $4999 with a $30 per month fee to maintain your qualifications and benefits at this level.
• Gold Package – This package will require an investment of $5000 – $9999 with a $25 per month fee to maintain your qualifications and benefits at this level.
• Platinum Package – This package will require an investment of $10,000 – $24,999 with a $20 per month fee to maintain your qualifications and benefits at this level.
• VIP Package – This package will require an investment of $25,000 or more.

When you are going to want to withdraw your funds, the company does state that there will be withdrawal fees.

There is also an additional fee when you withdraw your funds early as well.

Here is a breakdown of the fees per level:

• Bronze Package Level – This level has a 35% withdrawal fee.
• Silver through Platinum Package Levels – These levels have a 30% withdrawal fee.
• VIP Package Level – This level has a 25% withdrawal fee.

NovaTech Ranks and Qualifications

NovaTech offers ranks for its compensation plan.

The reason for this is to motivate their affiliate members to recruit and produce more income so that they can also profit more from their efforts.

The higher the rank that you can qualify for in the company will mean the more money you can earn with the compensation plan.

Here is a breakdown of all of the ranks and the qualifications needed to reach them:

• Associate Rank – To qualify for this rank you will need to join Nova-Tech as an investing affiliate member.
• Junior Executive Rank – To qualify for this rank will require you to invest at least $2500, recruit 3 Associate Ranked members, and generate $50,000 in total investment team downline volume.
• Executive Rank – To qualify for this rank will require you to invest at least $5000, recruit 2 Junior Executive Ranked members, and generate $500,000 in total investment team downline volume.
• Senior Executive Rank – To qualify for this rank will require you to invest at least $10,000, recruit 2 Executive Ranked members, and generate $2,000,000 in total investment team downline volume.
• Director Rank – To qualify for this rank will require you to invest at least $50,000, recruit 2 Senior Executive Ranked members, and generate $10,000,000 in total investment team downline volume.
• Ambassador Rank – To qualify for this rank will require you to invest at least $100,000, recruit 2 Director Ranked members, and generate $50,000,000 in total investment team downline volume.

One of the caps that the company has for qualifying for the higher ranks is that “no more” than 50% of the volume can come from any one of your unilevel pay plan legs.

Personal Recruitment Commissions

The Personal Recruitment Commissions that you can earn will be paid by the company when you recruit a new member that makes an investment to join one of the package levels.

Every level offers a specific fast-start commission amount that you can earn.

Here is a breakdown of what you can earn when you personally recruit a new investing member:

• When you personally recruit someone that purchases the Bronze Package, you will earn a $50 commission.
• When you personally recruit someone that purchases the Silver Package, you will earn a $100 commission.
• When you personally recruit someone that purchases the Gold Package, you will earn a $150 commission.
• When you personally recruit someone that purchases the Platinum Package, you will earn a $200 commission.
• When you personally recruit someone that purchases the VIP Package, you will earn a $250 commission.

There are 2 special promotions that Nova-Tech offers when you get started that apply to this section which is:

• When you recruit 3 Bronze Packages within 45 after you start, you will earn $100.
• When you recruit 5 Silver Packages within 45 days after you start, you will earn $300.

ROI Match Bonus Commissions

The company also pays you for your team member’s ROI commissions that they earn.

This is paid out using the unilevel compensation plan structure.

For those that are not familiar with how this works, here is a quick breakdown:

• 1st Level – The first level of your unilevel compensation plan will only have your personally recruited members on it.
• 2nd Level – The second level of your unilevel compensation plan will only have team members that your level 1 members personally recruited on it.
• 3rd Level – The third level of your unilevel compensation plan will only have team members that your level 2 members personally recruited on it.
• and so on…

Hopefully, this brief explanation gives you enough information on how it works for those that are unfamiliar with it.

There are a total of 5 levels of unilevel commissions that you can earn from.

The higher you are ranked in the company will mean, the more levels and higher commissions you can earn from your team member’s ROI earnings.

Here is a breakdown of what you will be able to earn from your team member’s ROI commissions based on the rank that you are qualified in the company:

• Associate Rank – When you are qualified at this rank, you will earn a 5% ROI Match on all of your Level 1 team members in your unilevel pay plan.
• Junior Executive Rank – When you are qualified at this rank, you will earn a 5% ROI Match on your level 1 and 2% on level 2 of your unilevel pay plan.
• Executive Rank – When you are qualified at this rank, you will earn a 5% ROI Match on your level 1, 2% on level 2, and 1% on level 3 of your unilevel pay plan.
• Senior Executive Rank – When you are qualified at this rank, you will earn a 5% ROI Match on your level 1, 2% on level 2, and 1% on levels 3 and 4 of your unilevel pay plan.
• Directors and higher Ranks – When you are qualified at these ranks, you will earn a 5% ROI Match on your level 1, 2% on levels 2, and 1% on levels 3 to 5 of your unilevel pay plan.

Rank Bonus Commissions

NovaTech also offers a one-time bonus commission when you finally qualify for certain ranks in the company.

Basically, when you are able to qualify for a new higher rank, you earn a one-time bonus commission for that rank.

Here is a breakdown of what you can earn when you qualify for the ranks below:

• Junior Executive Rank – When you qualify for this rank, you will get a one-time $500 bonus commission.
• Executive Rank – When you qualify for this rank, you will get a one-time $2000 bonus commission.
• Senior Executive Rank – When you qualify for this rank, you will get a one-time $5000 bonus commission.
• Director Rank – When you qualify for this rank, you will get a one-time $10,000 bonus commission.
• Ambassador Rank – When you qualify for this rank, you will get a one-time $25,000 bonus commission.

Profit-Sharing Bonus Pool Commissions

To earn this commission bonus, you will need to be qualified at the rank of Senior Executive or higher.

This bonus commission is a percentage that is taken from the company-wide profit that the company makes.

The percentage that is taken from the company-wide profit is 10% and is put towards 3 different pools that you can earn from.

When you reach the rank of Senior Executive and higher, you can start earning from these pools.

The pool of commissions is basically split up with everyone else that qualifies and split up evenly.

Here is a breakdown of what you can earn from these 3 pools:

• Senior Executive Rank – When you are qualified at this rank, you will be able to earn 2% from the Senior Executive Pool.
• Director Rank – When you are qualified at this rank, you will be able to earn 3% from the Director Pool.
• Ambassador Rank – When you are qualified at this rank, you will be able to earn 5% from the Ambassador Pool.

That is all the information about how the compensation plan works and how you can make money in the Nova-Tech opportunity.

Related review: Globallee Review – Scam or Legit MLM? Compensation Plan Exposed

My Nova-Tech Q and A Section

In this section of the review, I am going to answer some of the questions that people may have when thinking about joining the NovaTech opportunity.

Is Nova-Tech BBB Accredited?

No, NovaTech is not accredited with the Better Business Bureau at this time.

Not having accreditation with the BBB does not mean that a company is a scam or even legitimate, it just means that they are not listed.

We have run across a ton of companies that have been running for years that are not accredited with the BBB and are 100% legitimate.

We take the information that we gather to make our final opinion on whether or not a company is a scam or legit.

What’s The Cost To Join Nova-Tech?

The minimum cost to join NovaTech is $500 with at least a $20 per month membership fee.

The only package that doesn’t come with a monthly membership fee is the VIP Package which will run you $25,000.

The VIP Package will come with a yearly fee instead of $250.

Now, let’s answer the question that many of you have been waiting for which is…

Is Nova-Tech A Scam or a Legitimate Opportunity?

In my opinion, no, NovaTech is not a scam but I can see some issues with their business model.

When you go into a company that claims that it can sustain an ROI or any profit from trading you want to see some of the past numbers and records for this sustainability.

I mean, where else will they get their numbers from other than from past and proven results?

It shouldn’t be a mystery or protected information especially when to be in compliance you need to have these numbers available for the government to see.

Also, the fact that they are claiming that they are registered in the USA really brings up red flags because I personally dealt with companies that are legit by using a trading company that IS SEC-registered in certain countries and couldn’t get in the US due to the extremely high cost and the difficulty.

This would be my main concern.

The other concern is that the company doesn’t offer any retail products.

This is not in compliance with the US MLM laws which would make it illegal in the US.

Either way, this is what I think about this company at this time and my opinion could change in the future if they change up the business model they offer currently.

With that said, let’s finish up.

Related articles: MLM Reviews, Scams, and Compensation Plans

My Final NovaTech Review, Thoughts, and Bonus

In the final section of my review, I will share my final thoughts and closing statements about the NovaTech opportunity as a whole.

I have taken the time to research and review the information about the company, the products, and the compensation plan.

I have also discussed my concerns about the company’s business model.

At this point, you should have a clear idea about what Nova-Tech is, how it works, what they offer, and how you can make money with it.

What are your thoughts about it at this point?

But here is the important question…

Do I recommend the NovaTech opportunity?

Due to the issues that I found with the business model that I listed above, I cannot recommend Nova-Tech at this time.

With that said, I hope you enjoyed my Nova-Tech review.

If you found my review helpful, make sure to click on the social share buttons on this page and share it with others so that people can learn exactly what the NovaTech opportunity is really all about.

Thank you for your support!