Don’t waste your time watching the long Nova App scam video and certainly, don’t hope for someone to just hand over $3K a day, or as they say in the video $5K. Unrealistic is only the tip of the iceberg, these are straight up lies and theft. See, scams like these pray on people with little experience with making money online, are not acquainted with the way online scams work, and have no idea what binary options are. This is why they don’t go into detail about the dangers of investing with binary options and the fact that you will most likely lose your money. In fact, they do the exact opposite, they claim they have the impossible 100% win rate!
Product Name: Nova App Scam
Niche: Binary Options Software
There are hundreds of these types of scams out there. If you have seen one, you’ve seen them all. Though the names and the videos have changed, they are all nonetheless all identical. They all follow the same scheme. An auto play uncontrollable video, an actor claiming to be the CEO, unrealistic profits, claims of impossible win rates, and of course, empty promises and guarantees. Even the scripts follow the same flow.
What is the Nova App Scam?
As I said, when you’ve seen one binary options scam you’ve seen them all. In this binary options scam they claim that the system does all the trading on its own, all you have to do is invest $250. Once you invest this money it’s supposed to magically grow. The goal is to get you all wound up and ready to spend the millions before getting to the point that you have to pay up in order to see if this dream will really come true.
The video is a typical marketing video for binary options. You can watch the full Nova App scam video with controls and see for yourself. Still, you won’t find much use of it.
The fact that he claims that you will make $5700 every 24 hours, which of course, is not consistent with what the website says, is enough to convince me that this is a scam. With a $250 investment it is virtually impossible to make that kind of profit, period. Even with a 100% win rate, which is also impossible, those types of profits are unreachable.
You get a demo of the software, but actually see absolutely nothing. He makes one trade, where you get a 1 second glimpse of the actual software, and the rest of the time you are looking at the broker page. The reason is that the software really does absolutely nothing, it really does not necessarily exist. If you pause it just right, you will see that the times are all off, there is zero information in the software, and absolutely no way to connect the two as being associated with each other. He starts off with $250 and accepts a trade. In this case, the software does not do the trades for you, but rather you select which signals you want to accept.
Just minutes later he’s made a profit of $258.88. Now, this only proves that the people that developed this scam software and the promotional video that goes with it have absolutely no idea what they are talking about. Even if he did invest the full amount of $250 that was in his balance on this trade, a profit of $258.88 would be impossible! See, you can only double your money, not make more than you’ve invested. Not to mention that brokers keep anywhere between 15% to 25% of your profits as commission. So, the fact that he ended up with $508.88 in his balance only proves that this is just a Photoshop trick. Further proof can be seen when you look at the graph and the current strike rate, which, mind you, changes all the time especially with currency pairs. Even if by some random chance it’s the exact same, you can see that the graph is 100% identical without any further progress over the last couple of minutes. It’s just an image with a changed balance. This demo proves nothing other than that they are liars and scam artists.
You are then introduced to Michael Newberry who is claimed to be the CEO of Nova Holdings. First, I found no proof that Nova Holdings even exists. Second, there is absolutely no one by this name that fits this description. These days you cannot exist without leaving a trace of yourself online. From the looks of the video, quality of it, and general script, this is just another typical Portland production.
There is no way that this has a 100% accuracy considering that it is impossible. You will not get updates to a system that doesn’t seem to even be complete considering they have already released it, and I guarantee you will not get any support. AT ALL. Once you’ve invested your money with the broker you will never be able to reach them, you know why? Because, there is no contactinformation anywhere on the website.
There are no testimonials. They are all fake and stolen images from the internet.
Once I did get past the second step I was sent over to the third, and last step. Here you are supposed to invest your money and hopefully get redirected again to the system. Of course, I did not invest my money, and played around with the page a bit until I got rid of the annoying video window to give you a real glimpse of what the system is supposed to look like. There are no options, there is no information about the user, the signals are for different brokers and I am guessing you have to find the one that is yours. What I found odd is that in the Nova App scam video he says that you simply click on trade and that’s how the system works, while in the website they discuss that there is an auto trade option. Only, there is absolutely NOTHING here. The whole system is a scam and completely useless
Don’t waste your money on the Nova App scam and avoid similar scams as well, unless you’ve researched them in depth and are 100% certain.