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An Honest The News Spy Review in 2022

Last updated 30th Sep 2022
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If you have been thinking about investing in cryptocurrency and gaining a foothold in the digital currency market, you may be considering the services of cryptocurrency robots like The News Spy. Within this News Spy review, we’ll be covering this auto trading platform in-depth, covering every essential feature and giving you all the information you need to make an informed decision about the legitimacy of the service. So, is The News Spy a trustworthy auto trader? Or are you going to lose your investment as soon as you pay into your account?

What Is the News Spy?

The News Spy is an auto trading system through which you deposit funds and make investments in the Bitcoin market to earn a profit.

The platform claims to use AI trading bots to make trades on your behalf. These bots reportedly analyze the market and purchase cryptocurrency when it is at a low price. The bots will then hold your funds until the prices go back up, selling them for a profit. So, according to that short description, you barely have to do anything!

However, you need to remember that the cryptocurrency market is highly volatile, so you need to cautiously approach auto trading services like The News Spy. These sites encourage users to take a chance on the market, relying on their efficiency and potential ability to earn users passive income.

You may feel like you don’t need to be a cryptocurrency expert to begin making money with Bitcoin and other currencies utilizing automated trading robots like The News Spy. However, you need to keep in mind that this form of trading comes with many risks. Therefore, in this News Spy review, we recommend that you remain careful and make sure you understand the service thoroughly before handing over any money.

The News Spy Overview

🤖 Robot Type:Bitcoin Robot
🔑 Official The News Spy Website?https://the-newsspy.org/
💸 Minimum Deposit:$250
✅ Is It a Scam or Legit?Legit
🚀 Claimed Win Rate:85%
💰 Trading Fees:None
💰 Account Fees:None
💰 Deposit/Withdrawal Fees:None
💰 Software Cost:Free
⌛ Withdrawal Timeframe:24 Hours
💱 Supported Cryptocurrencies:BTC, EOS, DASH
💲 Supported Fiats:USD, EUR, GBP, JPY
📊 Leverage:1000:1
📱 Native Mobile App:No
🖥️ Free Demo Account:Yes
🎧 Customer Support:Email
✅ Verification Required:KYC
🔁 Automated Trading:Yes
📈 CFD AvailableYes
Visit The News Spy

Pros and Cons of Using the News Spy

Pros

Access to up to 65 cryptocurrencies.
Automation can access markets and execute trades while you sleep or are at work.
The company is aligned with reputable brokers.
A claimed win rate of 85%.
Ten free withdrawals per month.

Cons

TrustPilot reviews are mixed and there are not enough to make a decision.
There are limits on what you can deposit, alongside minimums to withdraw.
There is some false information suggesting celebrity endorsements.

Who Is the News Spy Owner?

The News Spy robot was created by a team consisting of professional traders and software developers. Their knowledge and experience in various fields made them develop superior software to help traders make money from the cryptocurrency space with minimal effort. All you have to do is customize and activate the app to get started.

Keep in mind that The News Spy was tested and approved before being released to traders. It has become one of the go-to platforms for trade automation, and its excellent services have earned strong testimonials from users globally.

To ensure The News Spy robot remains efficient and reliable, the owners constantly update it based on advancing technology and developing trends. The robot is highly encrypted and complies with KYC policies to safeguard your data and emails. The owners also integrate it with regulated brokers to secure your funds and allow you to enjoy the best trading platforms.

Getting Started With The News Spy

Although The News Spy is user-friendly, it is crucial to understand the procedures for getting started with the robot. This helps you decide whether to automate your activities using it and prepare accordingly. Here is a brief overview of getting started with The News Spy robot.

  • Step 1: Create a trading account

  • Step 2 :Deposit funds

  • Step 3 :Activate the News Spy and trade

Remember, The News Spy automates your trades, and this can maximize your current strategies. If you do not strategize well and track its performance, you might end up losing your money in an activity. Therefore, analyze markets, develop trading strategies, and ensure you remain in control of your activities by monitoring active positions.

The News Spy Markets, Assets, and Options

What Cryptocurrencies and Products Can You Trade Using The News Spy?

You can only use The News Spy to trade cryptocurrencies. Luckily, there is a wide range of supported cryptocurrencies. Therefore, you can consider diversifying your trading portfolio with crypto assets via The News Spy app. If you want to explore additional assets, there are other robot trading platforms that will serve those markets. However, such assets cannot be automated using this software.

What Leverage Trading Options Are There With the News Spy?

When it comes to leverage trading options, you can guarantee an auto-trader like The News Spy will offer some high margins. After some research, we can confirm that The News Spy offers users 1000:1 leverage on their funds, and sometimes even higher. At first glance, this looks like an excellent way to increase your profit and make some serious investments. However, we have found that only unregulated exchanges will offer this type of leverage, which calls into question their authenticity. Additionally, when you take these high leverage options, you can easily make a massive loss and end up in financial trouble. Therefore, we suggest staying away from any leverage that is over 100:1.

But what does leverage mean?

When a broker offers leverage on your investment, they give you a loan to buy more cryptocurrency. For example, if you take a 1000:1 leverage on your minimum $250 investment, you’ll be able to invest $250K. However, this means you’ll be borrowing a massive amount of money with no guarantee that you will make a profit. Remember: auto trading is a risky practice, and there is a likelihood that you will fail with your investment. You should only invest what you can afford to lose.

Register with The News Spy

What Are the Spreads?

As we have already mentioned, the cryptocurrency market is wholly unpredictable and the buying and selling price of cryptocurrency will inevitably fluctuate. You can expect varying pip values for different exchanges on this platform.

If you want to know more, take a look at our guides to:

Fees, Limits, and Payment Options on the News Spy

How Much Does The News Spy Cost?

Additionally, The News Spy offers free trading and transaction services. There are also no subscription or inactivity fees, making it a viable option for low-budget cryptocurrency traders. All you have to do is test it via its risk-free demo account and decide whether it suits your cryptocurrency trading requirements.

Do not be quick to trade using The News Spy without confirming the charges imposed by the brokers it partners with. Testing the platform first will allow you to gauge the frequency of trades and the resulting costs. Although The News Spy minimum deposit may be considered high, you will enjoy deposit bonuses occasionally to maximize your profitability.

💸 Minimum Deposit:USD 250
💰 Trading Fees:Zero
💰 Account Fees:Zero
💰 Deposit/Withdrawal Fees:Zero
💰 Software Cost:zero
💰 Subscription Cost:Zero

What Are the Payment Methods Accepted by the News Spy?

There are several payment methods available on The News Spy. These include:

  • PayPal

  • Mastercard

  • Visa

  • And more

Does The News Spy Also Charge Fees and Commissions?

You’ll be happy to hear that The News Spy does not offer any service charges when you deposit funds into your account. However, they do charge a commission whenever you make a profit on your trades.

The News Spy Trade Sizes and Limits

The News Spy has a minimum trade size of $250, which is also the minimum deposit required to complete your registration. In addition, we couldn’t find any information regarding the maximum limit. As such, we assume the platform lets you invest as much as you want. That being said, we suggest you remain cautious if you want to use an auto trading site. This is an unreliable method for trading cryptocurrency. You should limit your trade size as much as possible or take your funds somewhere where the brokers’ regulatory status can be confirmed.

Sign up to The News Spy

The News Spy Platform

How Does the News Spy Work?

The News Spy is an automated trading platform that claims to use artificial intelligence to invest your deposited funds into the cryptocurrency market.

The News Spy looks for low-priced cryptocurrencies and purchases them. The brokers will then hold your cryptocurrency until they can sell them for a profit later, waiting for the right time to sell your crypto. While this may sound like an easy way to make a passive income, auto trading usually results in somebody losing a lot of money. Sure, The News Spy makes trading sound simple. However, there are many risks involved in this process. If you want to continue with this service, you need to prepare to make a loss.

That being said, The News Spy does implore users to trade with caution and broaden their knowledge on cryptocurrency before investing their money.

What Devices can I Use the News Spy on?

You can use The News Spy on any device that can connect to the internet and has an accessible browser. This includes:

  • Smartphones

  • Tablets

  • Desktop Browsers

Which Exchanges and Brokers Does the News Spy Partner With?

Unfortunately, we had difficulty finding any concrete information regarding the exchanges and brokers who partner with The News Spy. However, if you look at the leverage rates on offer, you can assume some of these brokers are unregulated, which reduces your chances of earning a profit.

Can I Use the News Spy in My Country?

You can use The News Spy in any location where CFD trading is legal. These countries include:

  • United Kingdom

  • Australia

  • Canada

  • France

Unfortunately, this means The News Spy is restricted for investors in the United States.

CountryIs The News Spy Available?
Can I Use The News Spy in the UKNo
Can I Use The News Spy in CanadaYes
Can I Use The News Spy in AustraliaYes
Can I Use The News Spy in USANo
Can I Use The News Spy in South AfricaNo
Can I Use The News Spy in New ZealandYes
Can I Use The News Spy in PhilippinesYes
Can I Use The News Spy in UAEYes
Can I Use The News Spy in SingaporeYes
Can I Use The News Spy in FranceYes
Can I Use The News Spy in SpainYes
Can I Use The News Spy in ItalyYes
Can I Use The News Spy in GermanyYes
Can I Use The News Spy in NigeriaYes
Can I Use The News Spy in MexicoYes

Is the News Spy Available in My Language?

Unfortunately, The News Spy is only available in three languages selected for a dropdown menu at the top of the page. These include:

  • English

  • German

  • Spanish

How Easy Is It to Use the News Spy?

While auto trading is a dubious way to invest in the cryptocurrency market, The News Spy does offer a very intuitive user interface that is easy to navigate. In addition, the platform also gives you a demo account so you can play around with all the tools and features without risking any real money.

Register with The News Spy

How Much Profit Can You Make Using the News Spy?

The News Spy opens up your trading to potential profits because the automation can work when you are asleep or at work. By managing positions on your behalf using cutting-edge technology, you also have a higher chance of earning profits even if you are a new trader with zero experience in cryptocurrency.

Many users earning profit with this robot claim to make as much as USD 1,500 daily. However, you must be dedicated to your activities to achieve this goal since there is also a chance of losing money automating trades with The News Spy. The app provides the automation, but the user still needs to track its progress and adjust the strategies.

All in all, the profit you make depends on your approach to your trading activities and how much you invest as capital. Most importantly, have a plan and calculate your potential returns while factoring in tax deductions to your tax authorities, whether its the IRS, HMRC, etc.

The News Spy Key Features

Some of the most prominent features on The News Spy include:

  • Customer Support: We noted that The News Spy’s efforts aim to acquire new investors and keep them on their service during our research. As such, their customer support is attentive, particularly when you first sign up to the platform. When you create your account, you will be contacted by a team member to verify your account. If you miss this call, they will continually ring you to finish the verification process. The News Spy also has a contact form that can be accessed on their website.

  • Low Deposit: Like many other auto traders, The News Spy Review offers a low minimum deposit of $250.

  • Demo Account: The News Spy Review gives you a demo account that lets you figure out how to live trade on their service. This helps users understand the platform before risking their money.

The News Spy Security and Regulation

Is the News Spy legit?

While there are many reviews online about The News Spy, we had our doubts over its authenticity. Many reviews seemed too positive, a typical ploy to attract new users to the site. Also, the massive leverage rates raise some questions about the reputability of The News Spy’s partnered brokers.

Is the News Spy Legal?

Yes. The News Spy is a legal robot since the cryptocurrency market has not been fully regulated by the relevant financial authorities in each country. In addition, the robot has taken measures to secure your data, money, and emails by partnering with regulated brokers and having its platform highly encrypted. These moves can give traders peace of mind that the company will collaborate with any new regulations.

Is the News Spy safe?

The News Spy is safe in that your personal information is encrypted and won’t be sold to third parties. However, the numerous fake reviews, extreme leverage rates, and low deposit are worth noting and exercising caution over.

Are My Money, and I Protected?

By partnering with regulated brokers, the News Spy ensures that your funds are protected by using legitimate investment firms. Plus, The News Spy is highly encrypted and complies with the KYC policies to ensure your emails and data are safe.

Is the News Spy Regulated?

We could not find much information regarding The News Spy’s regulated status. However, the high leverage rates indicate that some of their brokers may be unregulated. If you are in any doubt, look for exchanges regulated by CySec, FCA, ASIC, and FSB.

Do I Have to Verify My Account With the News Spy?

Yes, when you create an account with The News Spy, you need to give evidence in KYC documents to prove your address and identity.

How Does the News Spy Work? Trading Strategies and Algorithms

The News Spy customers highly rate this robot on various platforms like Reddit and Trustpilot. They report satisfaction, efficiency, and ease of use. Below are the top strategies and algorithms that make The News Spy one of the best trading robots to consider.

  • Automated Trading Tools

  • Arbitrage Trading

  • News Trading

  • Price Trend Analysis

Extra Information About the News Spy

Educational Resources

Besides the bot’s demo account and the FAQs section, you can also access learning resources via the brokers connected to the robot. These include articles, guides, seminars, webinars, recorded videos, etc. There are also website blogs, youtube videos, and podcasts to build your skill level with.

Tools and Charting

On their homepage, The News Spy states that they prefer to hide all their charts. However, all this information is available if you look for it, but it is not provided upfront.

Customer Support

The News Spy customer support team can be reached around the clock and contacted via email.

The News Spy Customer SupportDetails
The News Spy Support EmailAvailable Upon Registration
The News Spy Support Contact NumberNot Available
The News Spy Live Chat OptionNot Available
The News Spy Other Support Options…Not Available

Demo Account

The News Spy robot has a demo account which you can use to test the app and gauge your skill level before using it in the live market. The demo account is risk-free and funded with virtual funds so you can use it for as long as possible.

Get Started today with The News Spy

Get Started With the News Spy in 3 Steps

Step 1: Registration
Step 2: Make a deposit
Step 3: Begin to live trade
The News Spy - Visit Now

How to Delete the News Spy Account?

For some reason, you might find yourself wanting to delete your The News Spy trading account. You can do so via its platform on the settings page or through the broker it partners with. Remember, when you delete your account via a broker, expect to lose all data, pending trades and earnings. That is why you should contact the bot’s support service for guidance if you are unsure how to delete your The News Spy account.

How to Withdraw Money From the News Spy?

If you want to withdraw your money from The News Spy, you must log into your broker account and go through the required process. Here is how to withdraw your money from The News Spy.

Step 1: Log in
Step 2: Click withdraw
Step 3: Enter the amount
Step 4: Click confirm

Remember that many brokers partnering with The News Spy robot do not allow payouts in cryptocurrencies. This means you must convert your crypto assets into any supported fiat currency convenient for you before initiating the withdrawal process. Please read the terms and conditions beforehand as you may not be able to withdraw funds under a certain limit.

The News Spy Celebrity/ Company Endorsements

The News Spy is one of the robots claimed to be endorsed by top companies or celebrities. Note that the financial market is full of scammers, and since we aim to offer you accurate information, we did our own investigations on the ongoing rumors. Here are our thoughts based on our findings.

Is Tesla Related to The News Spy?

No. Tesla is a well known electric car manufacturer led by Elon Musk. The company invests in Bitcoin, but we couldn't find proof that it is related to The News Spy. Bear in mind that many investors see Musk’s name as a seal of approval and it is often used by bad players to sell products.

Is Daniel Ek Related to The News Spy?

No. Daniel Ek is a Swedish businessman and the CEO and co-founder of Spotify — a music streaming service. Unfortunately, Ek has no relationship with The News Spy and has never mentioned it on any media channel or TV show.

Is David Koch Related to The News Spy?

No. David Koch was an American businessman, chemical engineer, and political activist. Before his death, Koch had no relationship with The News Spy and never invested in cryptocurrency.

Is David Kochie Related to The News Spy?

No. David Kochie is an Australian television presenter popularly known as the host of the Seven Network's breakfast program, Sunrise. Kochie doesn't use The News Spy to invest and has never endorsed the robot on any channel or platform.

Is Alexander Bard Related to The News Spy?

No. Alexander Bard is a Swedish musician, and there is no information linking him to The News Spy. Therefore, all the online rumors claiming he is related to the robot are false.

The News Spy In the News

Is Good Morning Related to The News Spy?

No. This British TV show has aired so many episodes, but after thorough analysis, we couldn't find an episode with The News Spy mentioned. This leaves us to believe that the rumors are false and misleading.

Is Dragons Den Related to The News Spy?

No. Dragons Den is a TV reality show featuring entrepreneurs pitching their business ideas to gain funding from top investors. While rumors state that The News Spy was featured on Dragons Den, we couldn't find information backing such claims. The Dragons Den invetors would likely shy away from hosting cryptocurrency pitches due to the regulatory issues.

Other The News Spy Reviews & User Testimonials

To ensure you make the best trading decisions, you must understand what other users say regarding their experience with The News Spy. Below are the top reviews and testimonials from users on Reddit and Trustpilot.

What Are the Top the News Spy Reviews on Forums and Reddit?

From our thorough analysis, it is no surprise that many users highly recommend The News Spy. While some claim that its minimum deposit is high, they consider the robot affordable and the best for low-budget traders since it offers free trade automation services. The robot also gained excellent testimonials for being user-friendly, fast in identifying trends, executing positions, and highly encrypted to secure traders’ data.

How Are the News Spy Reviews on Trustpilot?

The News Spy only has seven reviews on Trustpilot with an average score of 3.5 out of 5. Some are positive about the automation and its ability to maximize time. Others are disappointed by the performance and also say that they received many cold calls regarding different investments.

Is There a News Spy Alternative?

Yes, there are many more crypto robots available. If you don't want to use News Spy, check out some of our other reviews:

Crypto RobotMinimum DepositRead Our Review
Immediate Edge$250Read our Immediate Edge review
Centobot$250Read our Centobot review
Bitcoin Up$250Read our Bitcoin Up review

Conclusions of the News Spy Review. Scam or Legit?

In conclusion, while The News Spy may seem like a good opportunity, we urge caution on whether this site can actually help you make money. With high leverage rates and a low minimum deposit, you may be tempted to give auto trading sites like The News Spy a try, but they are far too unpredictable to be trusted. If you do intend to invest in the cryptocurrency market, we suggest an alternative solution that gives you more control over your funds.

FAQs

Do I need any crypto trading knowledge to get started with The News Spy?
Are there any risks of using The News Spy?
Does Elon Musk or any large corporations use The News Spy?
The News Spy celebrity and media endorsements, is it all true?
What to do if you're losing money with The News Spy?
How to stop receiving The News Spy spam emails?
Is The News Spy a scam and a pyramid scheme?
Can The News Spy be trusted?
What are crypto robots?
Khashayar Abbasi

Khashayar Abbasi

Khashayar discovered Bitcoin back in 2014 and has since spent countless hours researching the different use cases of cryptocurrencies. He has a bachelor's degree in International Relations and has been a writer in the financial services industry for nearly half a decade. In his spare time, Khashayar enjoys photography, cycling, and ice skating.