Is Nova App a SCAM or LEGIT Trading System?
Nova App by Michael Newberry of Nova Holdings declares a Trading System that never loses and potentially makes you $5,250 every single day! Furthermore, he adds that a small investment of $250 can grow to $500 in the first 80 minutes of usage. So what is this you may ask? It is essentially an auto trader that executes investment decisions on traders’ behalf. But can you make that amount and expect a $5,000 return in the next 24 hours? DEFINITELY not! Readers, before you invest into Nova App, please read our Review before doing so!
Nova Software Official Website: nova-app.co
Let’s get real, Nova App is offering unrealistic profits that can never be true in any form of trading be it binary options or Forex/stocks trading. Nova App Scam and many other Get Rich Quick Frauds would represent such a fantasy! Many of which prey on victims that hope to earn a quick buck online. The truth is binary trading or Forex trading can indeed make you an extra income online! However, you have to be concerned about which tools or method you are employing to execute the trades!
My investigation on Nova Trading System reveals several suspicious aspects prompting me that it’s a scam. Like many other scams I blacklisted (over 250 trading systems), Nova App inherits many misleading aspects. I shall share the details below! But before that, I would like to share what is a realistic expectation you should have in trading binary. So far, I was able to make $100 per day with a minimum $25 value per trade. As my account grew, a practical daily goal would be 10% to 30% account growth per day!
If you are seeking for a good investment tool, Nova Trading System is definitely a scam and will not be providing genuine service. I have tested both good and bad auto trader in the past! So, for a better alternative, do stick with approved trading systems!
Nova App Scam Elements!
One important thing you need to know is that there is no such thing as a No loss Trading System! It is part of the entire trading process where there is risk involved similar to any other investments! Nova Scam seemingly sells something that is impossible to make up for their poor performance (based on complaints received). Any experienced traders will be able to tell you that losses do happen and it is our job to manage losses and minimize them! Nova App surely isn’t a tool that helps you minimize bad trades but rather performs at best 30% to 40% win rate.
Hence, it is already suspicious enough that Matthew can represent such a fantasy in the trading world. Which is why I doubt Matthew is a real trader himself when there really no such thing in the world as no lose Nova Trading System. Judging by the actual win rate by Nova App scam, it is just not enough to generate good profits but worst, it drains your account over a period of time. For a good example of winning
Apart from the unreal profits expectation, many Get Rich Quick Frauds tend to hide their real identities with a false company! This is true in the case of Nova Holdings being a fake company along with Michael himself. Research shows no legitimate Nova Holdings record as a business entity and Michael Newberry is also a fictional CEO! When we checked out Nova Investments, Nova Capital, Nova Holdings or any other company, there is no Michael Newberry as CEO.
Fake Success from Nova Trading System?
Another characteristic gets rich quick scams use is false success stories in their presentation or website. Firstly, there were typically paid actors supporting the unbelievable $5,000 everyday payday. I often see actors from Fiverr.com where actors offer testimonies for $5. Nova App seems to use their services in their presentation as well. For example one of the actors appeared in old scams like Banker Profits, XTP App & Ten Fold Finance! We can then observe his partnership with much fraudulent software that doesn’t actually make money.
Additionally, efforts to showcase Nova Holdings’ conference quickly shows their dishonesty. The pictures clearly indicate the image edit works when I found the original source. Scam artist edited the photo and add Nova’s brand into the conference picture trying to look legit. But clearly, this gesture only put more distrust rather than actual achievement.
Nova App Review Conclusion!
Referring to a high number of complaints and scam elements within the offer, we can conclude Nova App is a SCAM! We can never earn $5,000 from $250 on the first day! It is such false promises that lure newbie traders to invest into low-quality trading solution. In reality, there are tools that can actually give good trading signals and executions. However, there are only a handful of such tools that can help you grow your account. Check out the Recommended Trading Software BELOW!
How to Earn income via trading?
You can either trade yourself manually or use an auto trading software! It depends entirely on your schedule and how much time you have to spare in managing your account. Both approaches to trading are viable to generate some profits online.
Auto Trading – This style is common among traders who has busy schedule whereby a trading software executes trades for them. Hence, with the help of an auto trader, it can execute trades for you. However, you will need to avoid scams that are Blacklisted due to poor performance scams! Should you be interested in using automatic trading tools, check out the ones I tested! Refer BELOW!
Manual Trading – This trading approach requires you to adopt a trading method or strategies in your analysis. However, you can also use Manual Trading Software for trading signals or recommendations! Which is a more suitable approach for new traders that want to practice basic analysis while referring to signals! This usually includes Call/ Put Recommendation along with expiry time as well. For an example of Manual Trading Software please refer BELOW!
Free Demo Account – Need a Free Demo Account to practice your trading skills? Check out the link below for a no deposit demo account! Usually, traders need to deposit some funds into a broker to gain access to a practice account. Except for the ones below!
|Essential Tools Traders Need to Have! 🙂
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