Novastar is a binary options signals software that went live on April 30th under the name Nova App. You probably want to know if you should use the Nova trading software, and will it make you a lot of money, like Rick promised on his website.
Novastar system is very much like many other binary options trading signals software. When you watch the video, the actors sound very convincing and genuine. They want you to believe that this is true; “The App that Made me $3,025 in 24 Hours!“, just by following the signals that NovaStar’s software generates.
We also received the email telling us this is the newest and greatest software to use.
Serious investors and traders of Forex and Binary Options already know that a trading signal is only as good, as the timing of the trade. If some tells you to buy the Euro against the US Dollar because it is going up, you will make money, only if you buy and sell at the correct time. If you buy to early or too late, especially when trading binary options you will lose money.
Compare this software with more popular trading systems.
WARNING… You must be aware that a “scam broker” will steal your money, read why.
Be Smart, and use a licensed and regulated broker, look here.
NovaStar Software Scam
There were a few problems we noticed during our review of NovaStar .
- You are not able to choose a legal regulated broker, they just connect you with a shady broker.
- We couldn’t tell what the signals are based on? Are they random or is there technical analysis data used.
- Which Expiry Time should I use on the binary option that I am buying. Is this signal good for 5 minutes or one month.
- They are making very large claims about potential for profits, which can lead to complaints.
If you look at the actual software, you will see that it only tells us the “Confidence Factor”, who knows what that really means. The website for Nova was at: nova-app.co, but they changed that too www.nova-star.co.
Warning – Use a Real Broker
The biggest problem with these free trading signals software or automated trading robot is that they always work with fake binary option companies. As we already said at the beginning of the review, if you want to see how you will lose your money, you should read how the binary options scam works.
Trading binary options can be profitable and fun, as long as you are using a licensed and regulated broker. Every country has their own government agency that gives licenses to brokers, including the CFTC which regulates Nadex, and ASIC in Australia which licenses the broker HighLow.net.
Go visit our best brokers page, and you will find local brokers that are licensed.
Popular Trading Robots
The alternative to using a binary option signals software, many people choose to use a binary options robot. There are so many systems to choose from, so go look at the list of popular robots, look here.