Is NovaTech A Scam?(A Trading Bot Pyramid Scheme!?)(REVIEW)

It’s likely that you have come across NovaTech through an email list, on social media or got it recommended by a friend or family member.

Is NovaTech a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this NovaTech review.

First and foremost I must commend you for actually doing a bit of extra research before committing to joining NovaTech. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.

To be fully transparent with you, I am personally not a member of NovaTech so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.

What I will aim to do is provide you with an unbiased 3rd party look at NovaTech that will hopefully help you to make the best decision you can in the end.


PRODUCT NAME: NovaTech

OWNER/S: NovaTech Ltd

TYPE OF PRODUCT: trading based MLM

PRICE: starts at $500 (one time) or $35/month

SUMMARY: I personally don’t believe NovaTech is a legitimate company so yeah, I am leaning more towards it being a pyramid scheme and a scam.

The whole business model is completely reliant on you recruiting tons of people and having them buy into the system to succeed, it’s quite expensive to join, the lack of vital information regarding the company is another concerning matter and the fact that the majority of individuals are likely to fail due to its status as a MLM opportunity means I can’t recommend anyone join.

FINAL RATING: 0/5

RECOMMENDED: NO!!


WHAT IS NOVATECH?

NovaTech logo

Novatech is an investment and trading based MLM company that was only recently founded in mid 2019. The owner of NovaTech is listed as being NovaTech Ltd although it’s hard to say if it’s a legitimate entity due to how it has an incomplete address.

According to the website, it’s meant to be situated in USA, British Virgin Islands, and Estonia but, once again it’s hard to qualify any of this data so take it as you will.

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NOVATECH PRODUCTS

This is a very common red flag among MLM’s and it’s the fact NovaTech doesn’t offer an retailable or tangible products, all it offers is the opportunity to purchase stocks and the ability to trade these stocks with others using their trading bot.

This bot is powered using their proprietary AI system called “N-Tech Artificial Intelligence”. This AI is designed to maximize profits by sifting through thousands of trading possibilities.

Now, whether or not it’ll work in the real world is another matter entirely so, don’t expect any kind of guaranteed positive ROI’s. The reason I say this is because the stock and trading market is extremely volatile so there’s every chance that you may lose every penny you invest.


HOW WILL YOU MAKE MONEY WITH NOVATECH? ?

As is the case with pretty much all MLM businesses there are 2 ways to make money with them, NovaTech being no exception.

1. The first method is by directly selling the product to other individuals and in return make a commission for the sales

2. You make money through your recruits and downline, by getting residual income by following and meeting certain criteria as well as make money through bonuses and incentives due to meeting company set goals.


HOW TO GET STARTED

In order to become a member of NovaTech, I’m sure it won’t be surprising to hear that you’ll need to invest a decent chunk of money. This can be accomplished in 2 different ways (if you just want to become a normal active member). You can either invest $500 one time or pay $35/month.

If for some reason you’re extremely invested in NovaTech technology and really believe in its potential, you can also opt to increase your membership status to VIP however, to do so you will need to invest an insane amount of money. We’re talking $25k one time fee or $200/month.

As for how much all of the memberships levels cost, they are the following :

  • Bronze – $500 to $2499 plus $35 a month
  • Silver – $2500 to $4999 plus $30 a month
  • Gold – $5000 to $9999 plus $25 a month
  • Platinum – $10,000 to $24,999 plus $20 a month
  • VIP – $25,000 or more

I don’t know about you but in my eyes you have got to be insane to invest such a large chunk of money on something so volatile and new, then again not many would opt in to this offer if any but, it still is a ridiculous amount to pay to become a VIP member.

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COMPENSATION STRUCTURE

The compensation plan that NovaTech has is quite long and there is a lot to learn if you were to join, that’s why in this section I’ll briefly go over it.

Firstly, I want to go over the criteria and the number of ranks that NovaTech have within their system :

  • Associate – sign up as a NovaTech affiliate and invest
  • Junior Executive – invest at least $2500, recruit three Associates and generate $50,000 in downline investment volume
  • Executive – invest at least $5000, recruit two Junior Executives and generate $500,000 in downline investment volume
  • Senior Executive – invest at least $10,000, recruit two Executives and generate $2,000,000 in downline investment volume
  • Director – invest at least $50,000, recruit two Senior Executives and generate $10,000,000 in downline investment volume
  • Ambassador – invest at least $100,000, recruit two Directors and generate $50,000,000 in downline investment volume

Novatech doesn’t have a lot of ranks but, as you can see the criteria to achieve them isn’t going to be an easy feat and of course recruitment plays a huge part in deciding how much each affiliate will succeed as a NovaTech member.

Recruitment Bonus

The recruitment bonus is paid whenever an affiliate recruits an individual into their team. The amounts they can earn are the following :

  • recruit a new Bronze tier affiliate and earn $50
  • recruit a new Silver tier affiliate and earn $100
  • recruit a new Gold tier affiliate and earn $150
  • recruit a new Platinum tier affiliate sand earn $200
  • recruit a new VIP tier affiliate and earn $250

Furthermore, if an affiliate is able to recruit 3 bronze tier members within 45 days, they’ll earn a $100 fast start bonus. They’ll also earn a $300 Fast Start Bonus if 5 silver tier affiliates are recruited within 45 days.

ROI Match Bonus

This bonus is paid via a unilevel structure. This is basically a structure in which you can recruit infinitely horizontally but vertically the levels are capped. In this case the unilevel structure is capped at the 5th level.

The bonus pays its affiliates a percentage of the earnings generated within each of their 5 levels :

  • Associates earn a 5% ROI Match Bonus on level 1 (personally recruited affiliates)
  • Junior Executives earn a 5% ROI Match Bonus on level 1 and 2% on level 2
  • Executives earn a 5% ROI Match Bonus on level 1, 2% on level 2 and 1% on level 3
  • Senior Executives earn a 5% ROI Match Bonus on level 1, 2% on level 2 and 1% on levels 3 and 4
  • Directors and higher earn a 5% ROI Match Bonus on level 1, 2% on levels 2 and 1% on levels 3 to 5

Rank Bonus

If an affiliate reaches a specific rank within the company, they will be awarded with a bonus paycheck.

Th amounts an affiliate can earn include the following :

  • Qualify as a Junior Executive and receive $500
  • Qualify as an Executive and receive $2000
  • Qualify as a Senior Executive and receive $5000
  • Qualify as a Director and receive $10,000
  • Qualify as an Ambassador and receive $25,000

Profit Sharing

As NovaTech takes 10% of the company-wide investment volume and places it into three Profit Sharing pools, affiliates that have achieved a specific rank can benefit from the profit sharing bonus :

  • Senior Executive Pool – 2%
  • Director Pool – 3%
  • Ambassador Pool – 5%


THE NOT SO GOOD THINGS

NovaTech Focuses Heavily On Recruiting

The whole premise behind NovaTech is either to recruit tons of people who then buy into the trading bot stocks or you buy into it yourself. Now, buying in yourself doesn’t guarantee any kind of profits therefore, the only way to guarantee income is by recruiting others.

That’s also what NovaTech wants you to do so, it is actually very important that you know or learn how to recruit with NovaTech otherwise, you probably won’t make any kind of money with the system.

Generally speaking most MLM’s require that you be good at recruiting to succeed but, because NovaTech offers only  intangible products (this is another red flag by the way), the only way to make money is by getting people to buy into the system and ultimately become one of your recruits.

Lack Of Information On Owners

The fact that it’s hard to distinguish who the owners of NovaTech are and that there is lack of concrete evidence stating where they’re located, it’s hard to trust the company.

What’s to say they are following regulated procedures when running their business you know? That’s why the lack of solid info on who or what runs their company is a red flag.

Most People Fail Within MLM’s

This is simply the nature of MLM’s therefore I’m inclined to believe, even without any stats, that most people will fail with NovaTech.

In my time going over multiple different MLM’s and their income statements, generally speaking only around 5% make $1k/month and only around 1% make a full time income.

I personally expect these numbers to be even lower for NovaTech considering the volatility of the trading scene so, if for some reason you want to become an affiliate for the company, you should not expect to get great results.


THE GOOD THINGS

There is literally nothing positive I can find with NovaTech so, for me it is absolutely a system you should not join.

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IS NOVATECH A PYRAMID SCHEME/SCAM?

I personally don’t believe NovaTech is a legitimate company so yeah, I am leaning more towards it being a pyramid scheme and a scam.

The whole business model is completely reliant on you recruiting tons of people and having them buy into the system to succeed, it’s quite expensive to join, the lack of vital information regarding the company is another concerning matter and the fact that the majority of individuals are likely to fail due to its status as a MLM opportunity means I can’t recommend anyone join.


MY PERSONAL RECOMMENDATION

I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).

Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.

This method I’m talking about is affiliate marketing.

The reasons as to why I recommend it over MLM based structures are because

– there is no need to recruit constantly

– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products

– and because it is free to start up, no unnecessarily large start up funds needed.

The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.

If you have any questions that you would like to ask me regarding NovaTech, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about NovaTech and would like to talk about it, again feel free to do so in the comments below!

Thanks

Amhil

2 thoughts on “Is NovaTech A Scam?(A Trading Bot Pyramid Scheme!?)(REVIEW)”

  1. I’ve been investing with Novatech since 2019. So far I haven’t had any issues. Could be luck but I do believe the company is legit. If anyone is interested in joining you can message me on Instagram @:
    (removed)

    Reply
    • I appreciate your response but I’m still not a fan of the business model companies like NovaTech use. That’s why I’m still against recommending businesses like it even if members are making money.

      Reply

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