Magical Star Illusion is a Normal Spell Card.
Spell Cards are usually activated from the hand on your turn unless their type gives another timing window.
On the current TCG and OCG Forbidden & Limited lists tracked here, Magical Star Illusion is Unlimited.
YGOPRODeck lists Magical Star Illusion for these formats: Duel Links, Common Charity, TCG, OCG, Master Duel.
A listed print of Magical Star Illusion appears in The New Challengers (NECH-EN058) at Common rarity.
Among markets shown on this page, the lowest listed snapshot for Magical Star Illusion is about $0.11 on TCGPlayer (prices change frequently).
