The News Spy is an algorithm-based automatic trading bot that determines the optimal time to purchase or sell a bitcoin asset by analysing the most recent news and market signals. Although it doesn’t provide any information about the people behind the project, its website makes a variety of claims regarding the success customers have found when using the software to trade bitcoins.
To determine whether the bot lives up to its claims, we extensively analysed and examined it for this review.
Our Verdict
Profit from the market by trading with the simple trading bot The News Spy. According to the service’s creators, its backtested success rate is 85%. Numerous people have also appreciated the service’s effectiveness and security.
Regarding The News Spy’s authenticity, we are unable to give a conclusive response. But the bot appears to have the qualities of a dependable platform.
But given the turbulence in the cryptocurrency market, we encourage you to only invest money you’re prepared to lose. When trading, be careful how you use your stop loss and take profit orders. Start out slowly, avoid being overly greedy, and then withdraw a small amount as a test.
The News Spy Overview
| 🤖 Robot Name: | The News Spy |
| 👾 Robot Type: | Crypto Trading Robot |
| 💸 Minimum Deposit: | $250 |
| ✅ Is It a Scam or Legit? | Legit |
| 🚀 Claimed Win Rate: | 84% |
| 💰 Trading Fees: | None |
| 💰 Account Fees: | None |
| 💰 Deposit/Withdrawal Fees: | None |
| 💰 Software cost: | Free |
| ⌛ Withdrawal Timeframe: | 24 hours |
| #️⃣ Number of Cryptocurrencies Supported: | 50 |
| 💱 Supported Cryptocurrencies: | BTC, ETH, LTC, XRP |
| 💲 Supported Fiats: | USD, EUR, GBP |
| 📊 Leverage: | 5000:1 |
| 👩🏫 Social Trading: | Yes |
| 📋 Copy Trading: | Yes |
| 📱 Native Mobile App: | No |
| 🖥️ Free Demo Account: | Yes |
| 🎧 Customer Support: | Live Chat |
| ✅ Verification required: | Introductory Phone Call / KYC |
News Spy Pros and Cons
Pros
- Low deposit of $250
- Demo account available
- No service charges
- Available in countries that allow Bitcoin contract for difference (CFD) trading
- Straightforward user interface
Cons
- Not many languages are available
- Auto trading bots are always risky
- Some testimonials are fake
Is News Spy a Scam?
The News Spy is legitimate, but novice traders should still exercise caution while using it. The platform tries to entice users with testimonials that claim traders have gained enormous sums of money in a short period of time, however, we were unable to locate any supporting documentation for this and believe it is highly improbable.
Instead of naively trusting the robot with your money, it is advisable to view The News Spy’s robot as a tool you can use to implement your own trading strategy by placing strong restrictions on the transactions the robot will execute. It is hard to verify any claims on the accuracy of its trades because the software it employs is not open source and we were unable to discover any information regarding its creator.
Please remember that the cryptocurrency market is unstable, and even with a robot, you should only begin trading after doing some study. It is feasible to turn a profit, but as with anything else, this only occurs when you have a solid plan and stick to it.
What Is News Spy?
With the help of The News Spy, an automated trading platform, you can invest money to make money in the Bitcoin market.
According to the platform, trades will be executed on your behalf by AI trading bots. According to reports, these bots research the market and buy cryptocurrencies when it is available for a low price. When prices start to rise again, the bots will hold onto your money and sell it for a profit. Thus, based on that brief summary, you essentially need to do nothing!
The bitcoin market is, however, very volatile, therefore you should proceed with caution when using auto trading programmes like The News Spy. These websites encourage users to gamble on the market by highlighting their effectiveness and potential to generate passive money for consumers.
The hazards associated with this type of trading must be kept in mind, though. Therefore, in our News Spy review, we advise you to exercise caution and make certain you fully comprehend the service before disbursing any money.
How Does News Spy Work?
An automated trading platform called The News Spy makes the claim that it would utilise artificial intelligence to invest the money you deposit in the cryptocurrency market.
In search of cheap cryptocurrencies, The News Spy makes purchases. When the time is ripe to sell your bitcoin, the brokers will hang onto it until they can sell it for a profit. Auto trading frequently leads in someone losing a lot of money, despite the fact that it may seem like a simple way to generate passive income. The News Spy does indeed make trading seem easy. But this technique comes with a lot of dangers. You must be ready to lose money if you want to keep providing this service.
News Spy Overview
Supported Crypto CFDs 75 BTC CFD pairs
Claimed Success Rate 85%
Fees and Commissions 2% on profitable accounts only
Minimum Deposit $250
Mobile App No
Withdrawal Time 24 hours
Demo Account Yes
Withdrawal fees Up to 10 free withdrawals per calendar month.
Key Features of News Spy Trading Platform
Payout system: The News Spy system’s payout system is correct and therefore, as far as the payout system of this software is concerned, traders won’t ever experience any issues. The system is more transparent because traders may see their profits at the conclusion of each live trading session.
Deposits and Withdrawals: The News Spy cryptocurrency trading platform’s withdrawal procedure is superior to the majority of other auto trading platforms now in use. After the details are validated, withdrawal requests from platform traders are typically processed within 24 hours.
Verification System: The News Spy double-checks each and every piece of information that new users submit while registering on the News Spy platform. This is a crucial step in the verification process because it helps prevent later problems with incorrect payments or slowly processed withdrawal requests.
Charges: The News Spy bitcoin trading platform has no hidden fees of any kind. However, News Spy levies a set percentage of the profits made by users during live trading as a commission. Only after the live trading session has ended is this deduction made.
User Testimonials: The official News Spy website has hundreds of user reviews that were left by happy customers. Many users of the platform claimed to make significant daily income using it.
Brokers: The News Spy auto trading platform’s brokers play a crucial role and are in charge of overseeing trading activities. Some of these also include well-known forex brokers who study stock quotes, just like in Bitcoin Rush. The likelihood of making more money increases dramatically when brokers are involved in the management of the trading processes.
Service to customers: The customer service crew behind the News Spy is affable on the outside. No matter where a crypto trader is located, he or she can access the customer care site, which is available 24/7. Traders can reach the customer service team at any time by phone, email, online chat, or their account name.
How to Use News Spy – Step-by-Step Guide
Step 1: Open an account
To access the automatic trading software through the form above, you must first register on The News Spy’s website. You will now also need to provide information such your name, email address, and phone number as well as create a password.
Step 2: Verify your Account
You can immediately access the trading program after confirming your account by clicking the email link that will be sent to you right away.
Step 3: Make a Deposit
Before you can begin using the auto trading feature, you must deposit a minimum of $250 into your account.
Step4: Monitor Trading Bot
You can start using your News Spy account for auto trading once you have made the required minimum funding deposit. Setting up trading settings like stop-loss orders, daily take profits, daily risks, etc. will help you do this. In accordance with their own strategy, a manual trader can also establish criteria for when to begin and close trades.
News Spy vs other Trading Robots
Minimum Deposit: $250 (compared to other platforms with higher deposit requirements)
Success Rate: 85% (compared to 80% for Bitindex AI, 99% for Immediate Edge)
Simple KYC process (compared to other platforms with massive amounts of information required).
Can you make money with News Spy?
Making money by buying and selling cryptocurrencies is not a simple task due to the market’s volatility. Understanding just how much may be earned by trading on this News Spy trading programme might be challenging at times when dealing in cryptocurrencies. Your prospects of beginning to earn a sizable income will increase as you invest more. Due to the volatility of the cryptocurrency market, there are also a lot of dangers involved with your significant investment, and you run the risk of losing a lot of money.
As a result, it’s always a good idea to follow the crowd and only invest money that you can afford to lose. Before playing for more, start out little with the smallest deposits and learn the methods.
Tips for new traders
There are numerous things you need to be aware of while employing a robot to trade cryptocurrency. Although it may seem as though all you have to do is deposit the money and the robot will take care of the rest, it’s crucial to read the following advice from our team of experts before getting started:
- Discover trading first. Before you start trading cryptocurrencies, it’s crucial to understand the fundamentals because the process is complicated. You will be able to configure the trading robot to operate most successfully if you get more knowledgeable about trading in general.
- Study up on cryptocurrencies. Any deal you make should be based on an understanding of the asset you are trading, but this is truer than ever in the complex world of cryptocurrencies.
- Begin with a practise account. Even though you can begin live trading right away after creating an account with a robot, we strongly suggest that you first trade on a demo account. This will let you become familiar with the platform before putting any of your money in danger.
- Begin modestly. The ideal course of action is, to begin with, a little sum of money and gradually increase both your portfolio and your profits. You may minimise risk and improve your trade by doing this.
- Do not invest more money than you can afford to lose. One of the fundamental principles of trading is that you should always invest responsibly. Don’t gamble with money you couldn’t live without because markets may be unpredictable and losses can happen just as easily as wins.
Has News Spy Been Endorsed by Celebrities?
Dragons Den – Peter Jones, Deborah Meaden
Dragons Den has been known for endorsing crypto projects every now and then. However, to the best of our knowledge, it does not look like they have ever endorsed The News Spy.
Elon Musk
Elon Musk is also very active in the cryptocurrency space, frequently endorsing coins and projects. However, we were unable to find any instances of him doing the same with The News Spy.
Jeremy Clarkson
Jeremey Clarkson has been known for endorsing crypto projects every now and then. However, to the best of our knowledge, it does not look like they have ever endorsed The News Spy.
Holly Marie Willoughby
Holly Marie Willoughby has been known for endorsing crypto projects every now and then. However, to the best of our knowledge, it does not look like they have ever endorsed The News Spy.
Idris Elba
Idris Elba has been known for endorsing crypto projects every now and then. However, to the best of our knowledge, it does not look like they have ever endorsed The News Spy.
Ant McPartlin
Ant McPartlin has been known for endorsing crypto projects every now and then. However, to the best of our knowledge, it does not look like they have ever endorsed The News Spy.
Nicole Kidman
Nicole Kidman has been known for endorsing crypto projects every now and then. However, to the best of our knowledge, it does not look like they have ever endorsed The News Spy.
Trevor Noah
Trevor Noah has been known for endorsing crypto projects every now and then. However, to the best of our knowledge, it does not look like they have ever endorsed The News Spy.
Gordon Ramsey
Gordon Ramsey has been known for endorsing crypto projects every now and then. However, to the best of our knowledge, it does not look like they have ever endorsed The News Spy.
Is It Possible to Withdraw Earnings?
A trader must first complete the withdrawal form on the robot’s page. This initiates the withdrawal procedure because the robot must now get in touch with the broker with whom it executed the trades.
There are no withdrawal restrictions, and you can choose daily withdrawals if you’d like, but you’ll need to present identification.
What are the fees for News Spy?
The News Spy account signup process is completely free. As a result, our auto trading method is free of any additional fees. By providing your name, email address, and phone number on the account registration form, you can create a News Spy account. All you need to do to start using the live trading option offered by this platform is to make a minimal deposit after your account name and other details have been confirmed and approved.
FAQs
Yes, creating an account with The News Spy is simple, as are the required verification steps. The signup form only requires users to enter their name, email address, and phone number. In most cases, accounts are validated in less than 30 minutes. Robot’s services aren’t offered everywhere, though, and if The News Spy isn’t available where you are, an error notice will appear on your screen.
The News Spy runs a robot that enables automatic bitcoin trading, however, investors should be wary of some of the assertive claims made on the website about the robot’s efficiency. The News Spy robot uses this information to conduct trades on the cryptocurrency markets by analysing the most recent news trends and other variables that could have an impact on cryptocurrency values.
It also offers the choice of manually setting the trading parameters that the robot will adhere to when trading, which is a fantastic option for traders who are unable to continuously monitor the markets. However, the website features endorsements from customers who become billionaires overnight. These claims appear too good to be true, even while the cryptocurrency market does have the ability to yield returns but does not instantly turn investors into billionaires.
The News Spy robot’s services, according to its official website, are completely free to use. Because of this, you could have to pay a fee to the broker platform both to execute your trades and to withdraw money.
