The News Spy Review 2024 - An Honest Review By a Trader

Our Investigation Result: The News Spy Seems Legitimate!

Our thorough review of The News Spy delves into its workings to uncover its features, benefits, and drawbacks.

We aim to help you determine whether this trading bot is worth your time. After conducting extensive research and investigations, we’ve concluded that The News Spy is a genuine crypto trading platform, as all its claims have been verified through our tests.

If you’re curious and want to try it, simply sign up for a free account using the link below. An account manager will be there to guide you through the process.

The News Spy Summary

What is The News Spy?

The News Spy is an automated cryptocurrency trading bot created to execute profitable trades on behalf of its users, saving them valuable time and effort.

It specifically caters to new traders who may require additional expertise to trade successfully. The bot operates 24/7, enabling users to take advantage of major trading sessions in various time zones even while they’re sleeping or off their trading apps.

Who Developed The News Spy?

The individuals behind The News Spy are primarily unknown. We know that creating such an algorithmic trading bot requires software development, mathematics, and finance expertise.

This suggests a team of finance traders, software developers, and mathematicians are behind this bot. While anonymity is expected in the crypto world, we advise caution when dealing with projects with undisclosed founders, even though our tests show the bot performs well.

How Does The News Spy Operate?

The functioning of The News Spy revolves around mathematical models that analyse the relationships between various market variables. The algorithm predicts how these numbers might change over time by studying them.

The bot continually scans the market, processes market data using statistical models, identifies market variable behaviours, and predicts price movements. Once predictions are made, the bot initiates trades with high-profit potential and closely monitors them until the profit targets are reached.

You can set profit and loss parameters, indicating your desired average profit per trade and the acceptable loss limit. The bot uses these parameters to filter potential trade opportunities.

The News Spy is linked to cryptocurrency brokers, acting as a repository for your funds. To execute trades, the bot utilizes Contracts for Differences (CFDs), derivatives that track crypto price movements, allowing trading without owning the actual cryptocurrencies.

This overview provides a general idea of how The News Spy might function, as most bots keep their inner workings confidential as trade secrets. The best-performing bots rely on their proprietary algorithms, which they safeguard to maintain a competitive advantage.

To start trading with The News Spy, you must deposit a minimum of $250 into your brokerage account. However, the bot also offers a demo mode, allowing you to explore its features without depositing funds.

5 Key Features of The News Spy

User-Friendly Interface

The News Spy aims to be user-friendly for traders of all levels. Its interface is simple, featuring easy-to-recognize icons and intuitive functions. However, beginners might need some time to grasp all aspects fully.

Demo Account

The News Spy provides a demo account for users to test its features without risking real money. This benefits both beginners and experts, as it allows them to familiarize themselves with the platform and evaluate strategies using actual market data.

Multi-Asset Support

Unlike other platforms focused solely on cryptocurrencies, The News Spy allows trading in stocks and currency pairs (Forex) using CFDs. This versatility enables users to explore additional markets if they lack trading opportunities.

24/7 Customer Support

The News Spy offers round-the-clock customer support to assist users with account setup, trading queries, and technical concerns. Support is available through email, live chat, and phone calls, with faster response times in the latter two channels for urgent matters.

Affordable Fees

While The News Spy claims to be free-to-use, there’s a small markup added to the bid-ask spread when trading CFDs to cover costs. Nevertheless, this approach allows users to access its services without direct charges.

Factors to Consider Before Using The News Spy

Deposit Methods And Limits: 4/5

The News Spy accepts various deposit methods in USD, GBP, and EUR, including bank transfers, credit cards, and electronic wallets like PayPal. They also welcome cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple.

The minimum deposit required is $250. Credit card payments are quick but have higher costs, while bank transfers are more economical, especially under favourable currency and location conditions. Electronic wallets are convenient for supported countries.

Customer Service: 4/5

The News Spy’s customer service is commendable, offering multiple support channels. Account holders can access live chat, phone, and email support, while non-account holders can use phone and email. The only minor limitation is the absence of live chat for non-account holders.

Withdrawal Process: 4.1/5

The News Spy allows unrestricted withdrawals, but payment providers may impose limits. The withdrawal process typically takes 24 hours, but the duration can vary depending on the withdrawal amount, transaction volume, and technical factors. Occasionally, identity verification may be requested for added security.

Verification System: 4.4/5

Signing up on The News Spy is straightforward, requiring a government-issued ID and proof of address for KYC verification. The process is quick, and they only ask for essential information, taking around 20 minutes to complete for both the platform and the associated broker.

Security: 5/5

The News Spy takes user security seriously, utilizing advanced information security technologies to safeguard personal and financial data. Their security features, including 2FA, have proven effective, with no reported breaches.

User Testimonials: 5/5

Most users have expressed positive feedback about The News Spy. We focused on unbiased sources and personal experiences to gauge satisfaction with the platform’s performance.

Affiliated Brokers: 5/5

The News Spy partners with reputable, regulated brokers, many of which are governed by CySEC. Due to the number of partners, we could only vet each one to some extent. Users should research the broker they plan to sign up with and ensure it is regulated and trustworthy.

Costs And Fees: 5/5

The News Spy is cost-effective and does not charge any service fees. The robot generates revenue by adding a markup to crypto bid-ask spreads, which doesn’t impact user trading. Our experience aligns with their claims, and we were not charged for using the robot.

Comparing The News Spy To Other Automated Cryptocurrency Traders

In the competitive cryptocurrency trading bot market, The News Spy offers similar features to some others while also highlighting unique qualities, which we’ll explore later. If you’re curious, here are a few alternative trading robots worth considering:

• BitIQ: is an excellent option for a diverse range of cryptocurrencies, supporting multiple assets.
• Ethereum Code: An ideal choice for traders focused on Ethereum trading.
• Bitcoin Prime: A popular choice specializing in Bitcoin CFD trading.
• Oil Profit: A recommended option for trading various assets, including oil.
• Bit Index AI: A top-notch option known for its high accuracy, utilizing AI and machine learning models.

Each platform has its strengths and weaknesses, making The News Spy better suited for specific traders based on their preferences and trading goals.

Is The News Spy a Legitimate Auto-Trading Platform?

While we can’t provide absolute certainty about The News Spy’s legitimacy, our research indicates that it is not fraudulent. The website showcases evidence of multiple successful traders using the bot, and we found several testimonials supporting its claims.

Moreover, the bot’s functionalities do not raise suspicions of fraud; it facilitates smooth deposits and withdrawals without engaging in practices seen in some untrustworthy brokers who trade against their users. As of now, we have not come across any illegitimate actions.

Is The News Spy Safe?

The safety of any online platform relies on its security measures, and The News Spy seems to have implemented standard safeguards. Our investigation revealed the use of SSL encryption to protect its website.

Additionally, our IT contacts confirmed the presence of network and platform firewalls, preventing malicious traffic and web packets from infiltrating the platform. Regarding regulation, The News Spy enforces KYC procedures to ensure users’ authenticity.

6 Convincing Reasons to Choose The News Spy For Trading

Customisable Features

The News Spy caters to both beginners and experienced traders, offering easy-to-use pre-configured features. However, it also allows experienced traders to customise features, use indicators, and even reprogram the bot to execute advanced strategies within certain limits.

High-Speed Trading

The News Spy executes trades at lightning-fast sub-second speeds, a feat unattainable by human traders, regardless of their experience. This speed is advantageous for arbitrage and news traders, and it protects against flash crashes by quickly hedging or closing positions to minimize losses.

High Availability

The crypto market operates 24/7, and so does The News Spy. Once activated, the bot diligently adheres to a set strategy, tirelessly scanning the market for profitable patterns and trends while executing trades.

Cost-Effective Trading

The News Spy is an affordable trading companion because it does not charge fees for its services. Users can also use the demo mode to test strategies before applying them in the live market. Additionally, unlike competitors who deduct a portion of profits as fees, The News Spy leaves your earnings untouched.

Automated Trading

Trading requires extensive research and constant monitoring, which can be challenging, especially for newcomers. With The News Spy’s automated features, users can engage in day trading without the physical and mental strain. Simply set the initial parameters, and the bot takes care of the rest, simultaneously applying risk management across multiple positions.

High Potential Returns

Thanks to its robust computational analysis, The News Spy achieves impressive levels of profitability that surpass those of many experienced traders. Though exact figures aren’t available, we estimate its success rate to be around 90% or even higher. While not infallible, the bot significantly increases the chances of profitable trading.

How to Improve Your Trading with The News Spy

Traders of all levels can make the most of The News Spy in various ways. Beginners often prefer simple features and strategies, while experienced traders opt for complex indicators and sophisticated approaches. Regardless of expertise, both newcomers and veterans can kick start their journey with a demo account.

For beginners, the demo mode is an excellent tool to gain familiarity with trading, practice strategy setting, and implement risk management techniques. Meanwhile, veterans can use the demo mode to refine existing strategies, test new indicators, and maximize profitability.

Once you’ve honed your skills in the demo mode, you can transition to the automated trading mode with a live account. This step might be optional for seasoned traders who can directly implement their proven strategies. However, newcomers can focus on utilizing the automated mode to enhance their trading experience. Simply configure your trading parameters and set them in motion.

During the initial days, closely monitor the bot’s execution. If everything goes smoothly, you can gradually reduce your monitoring and let the bot work its magic autonomously.

Has The News Spy Made TV Appearances?

Trading bots often become the subject of online rumours regarding their origin and operations. Recently, there were rumours suggesting that The News Spy sought funding from prominent business and entrepreneurial shows.

However, after conducting thorough research, we found no evidence to support these claims. Here are our findings:

Dragons’ Den

Dragons’ Den, a famous British entrepreneurial show, features entrepreneurs pitching their ventures to a panel of investors. While many technology company founders appeared on the show, none were associated with The News Spy.

Shark Tank

Shark Tank, the US version of Dragons’ Den, also showcases entrepreneurs seeking funding from investors. Despite rumours suggesting that representatives from The News Spy appeared on the show, our research revealed that these rumours are unfounded.

CNBC

CNBC, a television network focusing on finance and business, has various shows catering to these topics. Although there were rumours of The News Spy being featured on one of CNBC’s shows, our research proved otherwise, as no episodes with the bot were found in the network’s history.

Have Celebrities Endorsed The News Spy?

Online claims suggested that The News Spy collaborated with A-list celebrities to promote its services. However, we conducted thorough research to investigate these assertions. Here are our findings:

Elon Musk

Elon Musk, known for his involvement in the crypto industry, has been associated with influencing crypto markets through his tweets. Despite this, our research uncovered no connections between Elon Musk and The News Spy. It appears that he has not been involved with the platform.

Bill Gates

As the founder of Microsoft and a prominent philanthropist, Bill Gates has not expressed support for cryptocurrencies. He has openly criticized decentralized, encrypted networks. Our research did not find any links between Bill Gates and The News Spy.

Mark Cuban

Mark Cuban is well-known for his involvement in cryptocurrency, particularly NFTs, actively investing in NFT platforms, and advocating for the technology on various TV shows. While there were rumors of Mark Cuban endorsing The News Spy through a partnership, our research revealed that these rumors are false. There has been no official collaboration between Mark Cuban and The News Spy.

5 Guidelines for Safely Using The News Spy and Managing Risk

1. Start Small

As a new trader, it’s best to avoid going all-in with trading, even if you have accurate algorithms. New investors must avoid risking more than they can afford to lose. Markets can be unpredictable, and unexpected events may occur. Using funds you can afford to lose is crucial to avoiding getting into a difficult financial situation.

2. Learn About Cryptocurrency

Continuously educate yourself, especially when dealing with finances. Even when relying on a trading bot, staying updated with significant events, news reports, and market trends influencing prices is essential. Expanding your knowledge equips you to make informed decisions and develop strategies that consistently perform well.

3. Document Your Trades

Maintain a trading blotter to record your trades and transactions. This record helps you analyse your trading strategy and style, enabling you to make informed decisions and grow as a trader. Additionally, it serves as documentation for tax purposes, as many countries implement crypto reporting and tax frameworks.

4. Save Profits

Instead of reinvesting all profits, consider taking out a portion and investing it elsewhere. This approach creates a financial cushion, protecting your funds in case unforeseen events affect your trading account. If you prefer to focus on trading, you can place this portion in a savings account.

5. Follow Expert Advice

If you’re a novice trader, seeking guidance from financial or trading experts can be invaluable in navigating the markets. Experienced traders can benefit from a sparring partner for creative and strategic insights.

Follow prominent figures in the crypto space, but exercise caution and prioritize accuracy and a track record of making informed calls when selecting mentors. Twitter can be a good starting point for finding industry insights, but focus on substance rather than mere popularity to gain an advantage in trading.

How To Begin With The News Spy: A Step-By-Step Guide

Starting with The News Spy is straightforward. If you’ve decided to use this auto-trading bot, follow these simple steps:

1. Sign Up For An Account

Visit The News Spy website and complete the registration form with your name, email address, and phone number. Afterward, you’ll receive a confirmation email containing a verification link.

2. Complete The Registration Process

Click on the verification link to confirm your new account. Next, undergo KYC verification by submitting a government-issued ID and an official document displaying your name and address, like a bank statement or utility bill. Once successfully validated, choose a certified and legitimate broker. Create an account with the selected broker and complete the verification process.

3. Decide On Your Trading Strategy

Now, it’s time to choose your trading strategy. You can experiment with new approaches, use existing ones, or develop your own custom strategy. Remember, it doesn’t need to be perfect immediately; you can test it in the demo mode first.

4. Practice With The Demo Account

Test your chosen strategy using the demo account. If you’re a beginner, your initial strategy might yield different results than desired, and that’s completely normal. Use this phase to fine-tune and refine your approach.

5. Make A Deposit

Once ready, deposit funds into your account to access a live account. The minimum deposit required is $250. Make sure the available deposit methods suit your needs.

6. Set Up Automatic Trading

With your live account ready, activate the automatic mode to implement the refined trading strategy from the previous steps. Now, you can let The News Spy easily handle the trading on your behalf.

The News Spy: Assets, Markets, And Options

What Can You Trade Using The News Spy?

The News Spy supports trading in more than 14 cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH). Additionally, the platform provides access to equities and currency pairs. Through CFDs, you can explore over 30 crypto pairs, taking advantage of both rising and falling markets.

For example, let’s say a trader opens a $300 Bitcoin long position when BTC’s price is $20,000 per BTC, expecting it to rise. If the price increases to $23,000, the trader will make a $45 profit. However, if the price falls to $18,000 per BTC, the trader would incur a $30 loss.

What Leverage Options Are Available With The News Spy?

The News Spy offers leverage of up to 100:1 on CFD trades in certain jurisdictions like Cyprus, Malta, and the Seychelles. However, it’s crucial to note that this leverage is not permitted in the US.

Leverage enables traders to increase their position size and margins without adding extra capital. While leverage can be advantageous, it also comes with risks and the potential for significant financial losses. Effective risk management practices should be in place when using leverage to mitigate potential risks.

Can I Use The News Spy In My Country?

What Are the Spreads On The News Spy?

The exact spread on The News Spy varies depending on the specific crypto pairs, brokers, and platforms. For precise spread information, it’s best to refer to the brokers, as they typically provide this data on their websites. It’s essential to remember that crypto spreads can fluctuate based on market conditions.

Final Thoughts

The News Spy is an automated trading bot designed for cryptocurrency trading, including popular assets like Bitcoin and other digital currencies. The software utilizes data analytics to analyze market variables and predict future price movements based on historical patterns, enabling it to execute automated trades precisely.

The platform caters to both beginners and experienced traders, offering a wide range of features that appeal to newcomers and can be customized to meet the specific needs of seasoned traders.

To get started, you need to deposit a minimum of $250 into your trading account using various methods such as bank transfers, credit card payments, electronic wallets like PayPal, or cryptocurrencies like BTC, ETH, XRP, and LTC. Simply sign up on their registration page and complete the account verification process to begin trading.

Review Methodology

Our review process involves gathering information from multiple sources, including tests, reviews, and testimonials across the web. We aim to provide a balanced view of The News Spy’s performance by considering various perspectives.

As we understand the prevalence of false testimonies online, we rigorously compare information to offer an honest The News Spy review. For a deeper insight into our testing process, you can refer to our why trust us and how we test pages.