The News Spy Review: Is It Legit or Scam?
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The times when a trader should have been sitting in front of a PC to monitor the fluctuation on the financial market are gone. Today, there are automated solutions that fulfill the task. It means that you, as a trader, can work, chat with friends, or simply relax while your personal trading helper will do all the tedious work for you.Such robots aren’t limited to a traditional financial market with securities only. They are widely used for crypto trading as well. In this article, we will discuss one of such services – The News Spy.
What Is It? Who Does the Software Spy On?The News Spy is an automated trading robot that identifies the best deals on the market and sends a signal to a broker to execute it. The bot is backed-up with reliable software that spies on the latest market trends and, based on the historical data, determines the next move: what cryptocurrency to buy or sell. Speaking about crypto, the platform isn’t for those who want to deal in dozens of altcoins: besides Bitcoin, The News Spy supports Ethereum, Ripple, and Litecoin only.
However, if you look for these cryptos, you won’t experience any difficulties with The News Spy. The platform is highly user-friendly. You can easily sign up, make a first deposit via Visa, MasterCard, or PayPal, and start trading. By the way, you don’t need to chip in a lot: $250 is the acceptable minimum, which is rather affordable even for a beginner.
You can use the auto trading bot via any browser. The site is optimized for both PC and mobiles. However, the latter doesn't have an app, so don't bother surfing your app store. If you have any problems, you can reach customer support regardless of the platform. Besides, a user can also discuss the issues with a personal account manager assigned at the registration.
The last thing to mention about The News Spy is geography. The service is available in more than 100 countries but not globally. Therefore, if your country is out if the list, you won’t be able to proceed with the registration.
The eligible countries, though, are likely to enjoy many languages the website supports. The list goes far beyond traditional English, German, and Spanish. You will find even Danish, Finnish, Dutch, Polish, Italian, Russian, Filipino, Malay, Norwegian, and some others.
How Does the Auto Trading Bot Work?
The auto trading bot generates the optimum entry and exit positions for a trade. To do this, the software analyzes the market and, possibly, the sentiments around the media and decides what crypto pair to trade. Basically, we can conclude that the final decision is made based on the technical analysis.
Under such a scenario, a user is a mere investor who supplies the finance. However, an individual can take part in the decision-making process, as well. For example, the system allows setting up orders that the robot will execute. Suppose, you set “Buy Bitcoin if the price drops to $40,000”. When the value goes down to the predetermined number, the bot will buy Bitcoin.
It’s vital to note that the execution of any trade (both manual and automated) is a broker’s prerogative. The News Spy sends trade details to a broker via an API. The latter executes the trade as soon as he receives the signal. Later, he sends the details back to the bot.
Users can opt for a wide variety of trades thanks to an extensive network of brokers. For example, the service partners with CFD brokers, which allows you to open short and long positions. Moreover, you can make leverage trades.
Is The News Spy Legit?
The News Spy review wouldn’t be full if we didn’t discuss whether the service is a scam or not. We have carried out an in-depth analysis and determined that the platform is completely legit.It may seem like an allegation at first sight: the site has little information about its creation and founders. Nonetheless, we have found proof of credibility:
Advantages and Disadvantages of The News SpyAfter our analysis, we have created a table of the auto trading bot advantages and disadvantages:
Five Main Features of The News Spy
The News Spy, as well as any other automated bot, has some features that make it stand out from the array of similar services. We have highlighted five key distinctive characteristics:
Verification is a must if a trading site adheres to KYC and AML policies. This service implements the process in two stages: right after registration to activate an account and at the withdrawal to ensure the funds are transferred to the user.
Personalization plays a major role in user experience on the auto trading service. The site provides an opportunity to set up individual manual orders that are later executed by a bot. Moreover, a client can enjoy working with a personal broker who will execute various investment strategies on the user’s behalf.
Once a trade is made, a user receives the payout. It’s credited to an in-app account. After that, the withdrawal process can be initiated. Generally, the money is transferred to a bank account fast – no later than 24 hours after the withdrawal request is accepted.
With this auto trading bot, a user doesn’t need to worry about the safety of the provided data. The site boasts not only SSL encryption but also an antivirus software. The latter is an additional layer of protection against cybercriminals who target sensitive user data.
The customer support service operates 24/7. The representative is eager to resolve any technical issue that prevents you from a great user experience. Besides, you can enjoy a personal account manager. The specialist is always available to consult the client about particular trading specifics.
Can I Earn Money with The News Spy and How Much?
The official new spy website claims that users can gain about $5,000 daily. While it’s a real opportunity for crypto traders, there is no proof that the clients receive such payouts. That’s why to assess the site’s profitability; we paid attention to the success rate.
According to some data, it reaches 90%. It means that 9 out of 10 deals are successful. You can always test the statistics but don’t start with huge investments. Please, note that you can’t withdraw money in crypto, only in fiat.
How Can You Trade with The News Spy?
Here is a step-by-step guide on how to start trading with The News Spy.
Step 1 – Create an AccountTo register, you need to visit the official website. There, on the homepage, you will find the fill-in form. Provide your first and last name, a valid email and phone number, a country, and create a password. After all the data is accepted, you will be subject to a verification form to prove your identity.
Step 2 – Make a DepositOnce your account is set up, deposit the funds. You are obliged to credit your in-app wallet with a minimum of $250. You can do this via Visa, MasterCard, and several other methods.
Step 3 – Practice with a Demo Account
If you aren’t sure about your trading abilities, practice in a demo account first. It’s a good chance to examine the platform and test your skills in a simulation. You can always access the demo account, even if you start live trading.
Step 4 – Go for a Live TradingAs soon as you are sure of your skills and have money on your in-app account, you can start live trading. Choose whether you go an automated or manual way, specify the amount of trade and begin.
Has The News Spy Been Mentioned on TV and in Big Mass Media?
The News Spy is a rather popular service that offers an automated robot ready to carry out crypto trades. Nonetheless, it didn’t gain any public popularity either on mass media or TV. The fact, however, doesn’t affect the credibility of the platform.
Have Celebrities Discussed The News Spy Publicly?
The same as with the TV and mass media, there were no connections between famous people and The News Spy. Although there are many rumors that some celebrities mentioned the bot, there is no supporting proof.
What Do Real Customers Say?The situation with real customers is different. There are many testimonials that speak volumes about the trading site. Here are some examples worth examining:
“Guys! If you are new...”
– a trader claims that he started to use The News Spy because of a friend’s referral. He claims the site is highly user-friendly and ideal for beginners who look for simplicity.
“I first heard this from Richard…”
– a user says that he started to use the platform because it was featured by an English business magnate, Richard Branson. Although the user hesitated in the beginning, he likes the site now.
“I'm exchanging here for three months…”
– a lady has been trading for three months already. During this time, she managed to earn some money. She pays tribute to automated algorithms that do all the hard work.
If you are waiting for negative reviews, there are none. We have examined TrustPilot and found only positive ones. What is more, the majority of them have five stars. The overall rating of the platform on TrustPilot is 4.2. This is a rather high score that proves the reliability, supported by the opinions of real consumers.
Tips and Tricks for NewbiesBeing new to the world of crypto trading is hard. That’s why we have developed a list of tips and tricks that will help to navigate a new environment at the very beginning.
The News Spy vs. Regular Trading SystemsHere’s how an auto trading robot differs from a traditional trading service.
The News Spy
Regular Trading System
Fast. Simple. Free. It won’t take more than five minutes.
May require a lot of documents to submit. That’s why it may extend up to several hours.
24/7 customer support. A personal account manager is available.
Typically, it’s limited to customer support only.
Yes, a demo account is available for all registered users.
Usually, not available. The majority of platforms offer live trading only.
In The News Spy review, we have covered the main characteristics of an automated trading site. The website offers both manual and auto trading. Its ultimate advantages are outstanding security, enhanced verification, fast payouts, and constant support. Besides, the service boasts a wide network of reliable brokers.
All these contribute to the fact that The News Spy is legitimate and trustworthy. Even if a user is skeptical, there is always a chance to deposit little money to test the platform. It should deliver a positive outcome in nine out of ten deals.
Let’s freshen up your knowledge with these answers.
What Is The News Spy?
The News Spy is a trading site that features an auto trading robot. The bot analyses the crypto market in real-time and makes decisions on what trade to execute.
How Safe is The News Spy?
The service is safe: it implements an enhanced security system on a website. The site features SSL encryption. Moreover, it has anti-virus software. All these prevent any data leakage.
Is The News Spy Legitimate?
Yes, the site is 100% legitimate. It offers transparent payouts, outstanding security, and constant customer support. Moreover, the site has a wide network of reputable brokers.
How Do You Get The News Spy?
To register on the platform, you need to visit the main page and fill in the registration form. Provide your first and last name, email, phone number, country. After that, you will have to proceed with verification.
How Does The News Spy work?
The auto trading robot is based on the algorithms that analyze the crypto market and decide the entry and exit points of a trade. Later, the bot sends the data to a broker via an API.
Can You Make Money with The News Spy?
Yes, you can. The service is reliable and trustworthy. Some users claim to make money on a daily basis with the auto trading robot.