The Nova Star App is a new online auto trader that has further infected the binary options industry with a nasty and malicious reputation. Created by a fake entity known as Michael Newberry, naturally the claims of never losing a single trade arouses suspicion into whether or not these claims are true or false. Serving as the leading authority and WatchDog of the online financial investment industry, we’ve decided it was time to further investigate into the legitimacy of the Nova Star system found at nova-star.co.
According to Alexa, Nova Star is currently quite popular in Nigeria, India, Egypt, Bangladesh and Indonesia.
Perhaps the most dangerous and deceptive element of the Nova Star scam would be the promotional video that is used to lure you in. Michael Newberry, the alleged creator behind Nova App, is a fictitious entity serving as the scapegoat of this ridiculous binary options scam. This isn’t the first time that we have seen this strategy utilized by scam marketers, in fact, this is a fairly common characteristic that we come across with the majority of scams we expose.
Now, just like with hundreds of other scams that we have exposed, the Nova Star pitch video starts off with luxurious vehicles, yachts and promises that are too good to be true. Claiming to be “easier to use than Facebook” while generating a 100% success rate we feel fairly confident in confiding with you that all these claims asserted by Michael Newberry are nothing more than falsehoods and empty promises. To put it bluntly, the scam marketers are essentially spoon feeding you bullshit with the hopes of earning your trust and deceiving you out of your hard-earned money.
One of the most absurd claims that we came across while we were painfully tolerating the promotional video would be how Michael Newberry claims that his software has “proven time and time again to make at least $5,250 for over 840 people around the globe in profits every single day!” Well, first off, the financial markets are closed during the weekend so how is it that the Nova Star app is able to place investments during the weekend? We know their list of so-called “recommended brokers” are complete garbage and don’t offer OTC investments during the weekend like IQ Option does so there is another lie.
Furthermore, no third party trading results or proof of these claims are ever presented to us throughout the whole duration of the pitch video. Now, let’s use some common sense here… you would think that if “everyday” that over 840 people are generating over $5,250 that the scammers behind this system would have showcased and documented some proof to legitimize their claims. However, as you can insinuate for yourself, no proof is ever presented to us leaving us with nothing more than the word of Michael Newberry, who, in case you forgot or are zoning out right now, is the alleged creator of this binary options trading scam. So unless you prefer trusting the word of a fictitious entity, we are advising all traders to avoid this scam!
As you can see in the image above, the Nova Star App website was found just over a week ago on May 30th, 2017, which makes us wonder how Michael Newberry can claim how the Nova Star system has generated over at least $5,000 per day for hundreds of traders for the past 6 months. This is just another example of why you should always exercise caution prior to signing up with a binary options auto trader or any investment system. If the system is not WatchDog approved then make an inquiry with us and we’ll investigate to let you know whether or not the system is trustworthy.
Review Verdict: Nova Star App is a SCAM!
Blacklisted Website: nova-star.co
Do you think you have been cheated or scammed? For free help reach out to WatchDog and we’ll do everything in our power to get your hard-earned money back! We have resolved thousands of online trading disputes while helping traders recoup their losses by getting started on more profitable and proven investment routes! To learn about trustworthy and proven investment services, make sure to visit WatchDog’s Tested Binary Option Service Providers to learn about the most reliable trading software for online trading!
If you have been cheated by the Nova Star scam or have an online day-trading experience to share, we encourage you to share your feedback in the form of a comment below. To learn about other scams to avoid, make sure to visit WatchDog’s binary options and Forex Blacklist.