How can I tell if a crypto trading company is really trading my money?
Check the warning signs the NovaTech case shows: fixed weekly or monthly profit promises, bonuses for recruiting others, claims of being registered or licensed that you cannot verify, and "withdraw anytime" promises. In NovaTech, more than $1 billion came in while less than $26 million was ever traded.
What to do now
- Verify any registration claim directly with the regulator named, not through links the company gives you.
- Test a small withdrawal early and stop depositing if it is delayed.
Who owns the resolution
You decide; report suspected schemes to your state attorney general.
Evidence to prepare
- Your account email or user ID
- Screenshots or a confirmation number for the specific order/booking/transaction
- Any messages you already exchanged with support about this
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Give another AI the facts it needs—not just “what should I do?”
I need practical help with a NovaTechFX (crypto fraud case) issue. The policy question: How can I tell if a crypto trading company is really trading my money? Useful context I found: Check the warning signs the NovaTech case shows: fixed weekly or monthly profit promises, bonuses for recruiting others, claims of being registered or licensed that you cannot verify, and "withdraw anytime" promises. In NovaTech, more than $1 billion came in while less than $26 million was ever traded. My specific situation: [Describe what happened, including dates and messages shown] The outcome I want: [Refund, verification, appeal, account recovery, explanation, etc.] Important constraints: [Country, deadline, booking/account status, documents already submitted, budget, or other limits] Please: 1. Identify any missing facts you need before reaching a conclusion. 2. Separate platform policy, local law, and your own inference. 3. Give me the safest next steps in priority order. 4. Use current official sources where possible and flag anything that may have changed. 5. Draft a concise message I can paste to customer support. 6. Do not invent account access, guarantees, refund rights, or legal conclusions.
Why this policy exists
These are the practices the New York AG describes in the NovaTech and AWS Mining case (2–4% weekly, 15–20% monthly, recruitment bonuses, false registration claims). Real trading returns vary and are not guaranteed; payouts funded by new deposits collapse when deposits slow.
- Attorney General James Secures Nearly $6 Million from Crypto Scammers (Oct 22, 2026) — New York State Attorney General
Last verified against the sources above on 2026-10-23. Policy and deadlines can change -- use the official support link below for the current rule.
Need to act on your account?
AMS explains the rule but cannot access your account, issue a refund or change a platform decision.