RECYCLED SCAM: Novastar review

NovastarThis review contains proofs that Nova Star is a binary options scam. It is presented by Michael Newberry.

Newberry says that his Novastar app can make you more than five thousand dollars per day. It was created by Nova Holdings.

And guess what, Novastar is free, so you can allegedly get rich for free. Really? Of course not, because…

Novastar is a scam

Nova Star is just another binary options scam that was made to take your hard earned money and lose it trading with a crappy software.

Michael Newberry scam artist

Michael Newberry is a scammerYou see, Novastar is just a clone of Nova Trader, which is another scam that we have reviewed a few weeks ago. Scammers used the same video, they just rebranded the website to Nova Star.

Look at the picture and you will see that Newberry, who by the way is a paid actor and scammer, is at the center of both sites.

Fake results

testIn the Novastar video you can see Newberry showing his trading account growing, but all his results and balances are fake.

Look at the picture on the right. It shows two different screenshots of Newberry’s trading account. The balance is bigger on the second one, because it allegedly was taken later after some trades.

But when you look the chart, you see that it hasn’t changed at all, the price remained the same, which means that it is all fake, scammers just edited a static image.

Losing software

The robotNow it is not a surprise that Novastar uses also the same trading software as Nova. And not only that, it is an app made by scammers and it is used by many other scams, like Epix Trader or Elite Gold. Look at the picture and you will see the proof.

We get a lot of feedback from real users of this software and they all tell us that this trading software is losing money in real trading!

The truth

So how does Novastar really work? It is not a free program, the software won’t be activated until you deposit at least $250 with an unregulated broker that scammers are affiliated with.

The reason is that scammers are getting paid by this broker for referring new depositors. This is how they earn money, so they don’t want you to see that their software is losing money before they get their commission. Simple as that.


Nova Star is a recycled scam that abuses binary options to scam money out of your pocket. Stay away from it!

If you are interested in seeing how money can really be made in trading, try a free demo with a regulated broker.

You can start trading with real money only if you manage to build and verify a profitable strategy on the demo.

Review Date
Reviewed Item
Nova Star
Author Rating