The News Spy Review 2021: Is it Legit, or a Scam?

The News Spy is a powerful artificial intelligence-driven automated trading system for bitcoin that trades in real-time. The use of this trading platform is incredibly straightforward.

This method of trading bitcoin has been reported to be twenty times more profitable than the conventional methods of doing so. The News Spy UK employs Artificial Intelligence (AI) algorithms to make educated guesses about the impact of news on cryptocurrency prices.  Because this bot automates everything, you don’t have to be concerned about your trading abilities. Are you wondering if The News Spy is a reliable automatic trading system?

Are there any concrete evidence of the aforementioned profitability to back up the claim? Our comprehensive and unbiased review will provide you with the answers you seek. It would be best if you read the entire guide before registering on The News Spy platform.

 

Table of Contents

The News Spy at a Glance

Type Bitcoin Robot
Minimum Deposit $250
Win Rate 90%
Withdrawal Duration 24 Hours
Mobile App No
Supported Cryptocurrencies BTC, ETH, XRP

 

The News Spy Review: What is The News Spy?

The News Spy is an automated cryptocurrency trading platform that is compatible with all of the major cryptocurrencies, including Bitcoin, Litecoin, and Ripple, amongst others. This Bitcoin robot was created by a group of traders and software developers who have a lot of experience in the cryptocurrency and software development fields. They merged years of accumulated data and trends from the cryptocurrency market with trading systems and a smart trading algorithm to create a new trading algorithm that is more profitable. The outcome of their initiatives was The News Spy, a system that analyzes the markets continuously identifies the best deals, and executes the transactions automatically, without the need for any human intervention or oversight.

 

Is the News Spy Legal? The affiliation with a regulated broker indicates it is. In order to properly evaluate the various features and functionality of this trading platform, it is necessary to consider several different factors.

Is the News Spy Legit?

The News Spy trading platform appears to be legit, but inexperienced traders should proceed with caution when using it for the first time. Testimonials on the platform claim that traders have made fortunes in very short periods, but we were unable to find any evidence to support this claim, and it appears to be highly unlikely to be true.

Consider The News Spy’s robot as a tool that you can use to implement your trading strategy by imposing strict parameters on the trades that the robot will execute, rather than simply blindly putting your trust in it and losing all of your money in the process. Since the software it employs is not open source and that we were unable to discover who developed it, it is impossible to verify any claims made about the 90% accuracy of its trades made by this bot.

Please remember that the cryptocurrency market is extremely volatile and that you should only begin trading after conducting thorough research – even if you are using a robot. Profits are possible, but, as with any endeavour, they can only be realized through the development of a sound strategy and the implementation of that strategy.

The News Spy Features

Payouts

According to the News Spy team, the average minimum profit that members can make while using the software is $1,500 per day on an average. Although this is a bold claim, however, the amount of money you make will ultimately be determined by your initial investment and how well you set your trading parameters. Note that the website’s testimonials section is chock full of accounts from people who claim to be making significantly more than the said amount

Verification

You will be required to provide some information to verify your identity before you can open a trading account. This is under anti-money laundering legislation and is necessary to protect the security of your account. Fortunately, the registration procedure is extremely simple. Registration is as simple as entering your full name, email address, and telephone number into the boxes provided on the homepage.

Withdrawal

The News Spy team is more aware than most of the fact that, in the world of cryptocurrency, things can change in an instant. A trader’s need for flexibility includes the ability to deposit and withdraw funds with relative ease.

Testimonials

There are a plethora of testimonials that reflect people’s overall satisfaction with the software. The majority of people appear to be extremely impressed, and some of the profits claimed are mind-boggling. Regardless of how encouraging they are, it is always important to practice proper risk management.

Customer Service

An important advantage of The News Spy UK is the presence of a knowledgeable team dedicated to processing market news and assisting traders through the Help Desk. Questions will inevitably arise when using any trading software, and being able to contact the team is a huge advantage. It was possible to contact the team via phone and email, but the live chat feature proved to be the most convenient.

Fees

The News Spy does not require any proprietary software to function properly. There are no transaction fees, and the software will connect you to a broker who will not charge you a referral fee if you use their services. This broker connects the software to the cryptocurrency market, allowing it to trade on it. Ensure that you understand the terms and conditions of any leverage or spreads you are considering using.

Affiliated Brokers

Some traders may consider the fact that you are unable to select your broker to be a disadvantage. The system was created with absolute simplicity in mind, and as a result, it will automatically refer you to a broker when necessary. Our trial period resulted in several referrals to brokerage platforms, which we investigated further. Any brokerage platform that you are referred to should have a good reputation and comply with all applicable regulations.

How to Create The News Spy Account

STEP 1: Registration

To enjoy the services of The News Spy, Register on the platform. Registration is completely free of charge. There are no fees associated with signing up; all you need to do is complete the form below, which only requires your basic information, and an account manager will contact you shortly after.

 

STEP 2: Deposit Funds

Fortunately, the transactional process at News Spy is both quick and simple. This was particularly impressive to us. Simply depositing at least €250 will be sufficient to activate your account. This deposit will also serve as your very first investment because it will be your first deposit. A broker will keep an eye on your account to ensure that your funds are not being mismanaged in any way.

STEP 3: Demo Account

The demo account feature will allow you to see exactly how the algorithm identifies excellent trading opportunities and makes trading decisions on your behalf. Even better, you will not be required to use real money in order to begin demo trading.

STEP 4: Live Trading

Trade for real

Now, the robot begins analyzing indicators such as news articles in order to predict the direction of the market shortly. The use of such trends by an experienced trader can result in a profitable outcome when combined with their trading strategy. Auto trading also necessitates the establishment of fundamental trading parameters, such as a stop limit and a daily limit, by the investor.

The News Spy Features – Why Choose This Bitcoin Robot?

Security

The News Spy is a safe and dependable cryptocurrency. It is secure to use the software since it is encrypted, and the information about users is stored in The News Spy system.

There is no prior experience required

Getting started with The News Spy software does not necessitate any previous computer skills. Beginners and experienced traders alike will benefit from the software’s ability to meet their trading needs. Beginners can learn by using the demo option before making a financial commitment.

Flexibility

Because the software does not have a mobile application, it may be accessed from any internet-enabled device by using any web browser on any computer. And you wouldn’t need to worry about incessant app updating.

Seamless Withdrawal

You can withdraw your winnings at any time of day to protect yourself from further losses.

Pros Cons
 Easy to use, especially for beginner traders  Not risk-free
 News data feed and trading signals  No mobile app
 Easy and free sign up process
 Good customer support
 Trading settings and useful features
 Completely free to use

 

 

Which Countries is The News Spy in

United Kingdom: Orders for The News Spy are currently being accepted. This is especially true in the United Kingdom. Once traders have registered on the robot’s official website, they will be able to begin trading instantly.

United States: It is also possible for traders from the United States to use the services of this robot. The News Spy is an easy-to-use platform for all traders in the United States.

Canada: Canadians can also make use of the services provided by The News Spy. Registering for the platform is simple and can be done immediately by visiting the platform’s official website and filling out all of the relevant information.

Germany: Traders in Germany can also profit from the services provided by The News Spy.  The user-friendly design makes it simple for traders to sign up and begin trading right away.

Australia: Users in Australia may now sign up for The News Spy and take advantage of its capabilities by visiting the robot’s official website and creating an account with the service provider.

Sweden: Sweden is one of the countries that can take advantage of the services provided by The News Spy. The user design of The News Spy Sweden is simple and intuitive, making it easy to access all of the site’s features.

Poland: The process of opening a The News Spy account in Poland is quick and simple. Begin by registering on the robot’s official website, which is accessible here. Registration and verification will take less than 20 minutes, after which you will be able to begin trading in real-time.

Spain: The News Spy offers its services to investors in Spain, providing them with an easy-to-navigate user interface and a platform that is straightforward to use.

Uganda: The News Spy’s affiliated brokers accept payments from traders based in Uganda, according to the company’s website. This means that traders in Uganda will be able to take advantage of the services provided by The News Spy as well.

How Much Money Can I Make Using The News Spy?

According to the testimonials, some users are reportedly earning hundreds of thousands of dollars using the software. However, the amount of money you could make trading with The News Spy is highly dependent on the level of risk you are willing to take as well as your ability to adjust your trading settings.

When should I use Bitcoin Robots?

If you know that a particular trading strategy will outperform the market, you should consider using a crypto trading bot. Using a cryptocurrency trading bot does not guarantee that you will outperform the market. A trading bot simply executes trades on your behalf based on a set of rules established by an algorithm.

Using a cryptocurrency trading bot is also a good way to diversify your cryptocurrency holdings strategically.

The majority of cryptocurrency bots on the market trade 24 hours a day. If you trade cryptocurrency based on market indicators, you can automate the process by employing a cryptocurrency trading bot to handle the heavy lifting.

Is The News Spy Right for Me?

Using a cryptocurrency trading bot will save you time because the program will monitor the market and execute trades on your behalf, saving you valuable time. If you don’t want to spend your time constantly monitoring cryptocurrency markets, then The News Spy trading platform is right for you.

 

Worthy Tips for Beginners to Make Positive Returns Using Bitcoin Robots

Learn everything you can about trading first

It’s important to understand the fundamentals of cryptocurrency trading before getting started, as it’s a difficult process to learn on your own. Understanding trading, in general, will help you to better configure the trading robot so that it operates as efficiently as possible.

Learn more about cryptocurrency

Being well-versed in the crypto asset you are trading is important when making any trade, but it is especially important in a market with such a wide range of possibilities as cryptocurrency.

Begin by creating a demo account

Even though you can begin live trading immediately after setting up an account on a robot, we strongly recommend that you practice trading on a demo account first. This will allow you to become more familiar with the platform before putting any of your money at risk on it.

Begin with a small investment

The most effective strategy is, to begin with, a small sum of money and gradually increase your portfolio and profits over time. This will assist you in honing your trading abilities while keeping risk to a bare minimum.

Only put money into investments that you can afford to lose

This is a fundamental tenet of trading; it is always important to be fiscally responsible when making any type of investment decision. Markets can be volatile, and losses can occur just as frequently as gains, so don’t put money at risk that you can’t afford to lose.

Why are Bitcoin Robots Profitable?

Timing

Because crypto bots trade using software, they can buy and sell your cryptocurrency much more quickly than you could if you were trading it manually. In order to place more precise market orders when using a trading indicator, you should consider using a bot.

Consistency

The ability to operate nonstop and consistently execute trades based on specific indicators distinguishes bots from humans. Bots are much more consistent than humans in this regard. It can be difficult to maintain discipline when trading cryptocurrencies, so using a trading bot reduces the risk of engaging in trading with emotions.

Possible Risks when Trading with The News Spy

Even though this trading bot monitors the market for you, you are still responsible for keeping track of cryptocurrency prices. This is because cryptocurrencies are extremely volatile, and your trading strategy may not be in sync with the current market conditions, resulting in a significant loss.

Does The News Spy Have an App?

The News Spy is a web-based application that can be accessed from desktop computers and other mobile devices including smartphones and tablets.

 

Has The News Spy Been Featured on the Media or Endorsed by a Celebrity?

BBC - British Trade Platform

The News Spy BBC

Although we have made research online for indications that celebrities such as Bill Gates or Gordon Ramsay had endorsed this trading platform, we couldn’t come up with any evidence to support such claims.

Trustpilot

The News Spy Trustpilot

The News Spy has a large number of positive reviews on Trustpilot, with only a few bad reviews. The robot, on the other hand, receives a 4.5 out of 5 ratings, indicating that it is in an excellent position. It is a superb trading bot, according to the feedback provided by the reviewers.

British Bitcoin Profit - This Morning

The News Spy This Morning

According to rumours, The News Spy was just highlighted on This Morning. However, according to our research, The News Spy Robot has never been mentioned on the popular British morning show.

Gordon Ramsay - British Trade Platform

The News Spy Gordon Ramsay

Although we have made research online for indications that celebrities such as Gordon Ramsay had endorsed this trading platform, we couldn’t come up with any evidence to support such claims. Therefore such claims are not true.

Reddit - British Trade Platform

 

The News Spy Reddit

According to a viral rumour on Reddit, The News Spy was featured on This Morning in the first quarter of 2021.   According to the official website, This Morning is a popular television program broadcast on ITV and the hosts of This Morning have debunked such claims.

Martin Lewis - British Trade Platform

The News Spy Martin Lewis

Did Martin Lewis promote The News Spy? No. The News Spy Martin Lewis was spread by fraudsters who want to scam people, and we can confirm that these are false statements that are being circulated online. He spoke about it and said not to listen to such ads.

The News Spy Review: Our Conclusions

Registration, verification, and funds withdrawal are all easy that even new traders can complete in a short period thanks to the auto trading platform’s user-friendly design. It has received an overwhelming amount of positive feedback. Our attention was drawn specifically to the payout system of this robot because of one of some of The News Spy Reviews. These complaints claim that payouts are by far the most problematic aspect. It is necessary to create an account with News Spy and then complete a verification process to use the service. Even though this aspect contributes to the authenticity of the site, it should not be taken as a license to become complacent when it comes to avoiding copycats and other similar scams. It is best to start small, however, because cryptocurrencies are a high-risk investment.

 

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FAQs

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About James Diko PRO INVESTOR

James Diko is a content writer and also a Crypto enthusiast with years of experience as an investor/trader in the crypto market. James believes Cryptocurrency is the future of the Fintech industry, and it is his passion to enlighten people about it. As a result, James has written articles on many aspects of the Cryptoverse through thorough research and analysis, reviewing different trading platforms including crypto trading, forex, and stock trading. Now, James writes honest reviews about trading platforms and automated trading tools to guide inexperienced traders and help intending users make good choices.