The News Spy review

The News Spy's automated software constantly scans the cryptocurrency markets and then uses this data to make automated trades on behalf of its users. Read this review to find out if the platform is reliable.
By: Pooja Kadia
Pooja Kadia
Pooja is a financial writer for Invezz. She has held the positions of Content Head at more than 7 companies. She… read more.
Updated: Sep 30, 2022
4.5/5 Star rating
22 min read
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This review looks at The News Spy trading robot to find out how it works and whether its claims of high success are true. Our experts have tested the trading software to help you decide if it’s a scam or legit. 

We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centres. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.

Pros & Cons

Pros:

Signing up is smooth and simple
There are no hidden charges or fees
Offers multiple payments method
A useful 24/7 customer support service

Cons:

What is The News Spy?

The News Spy is a crypto trading robot that analyses the latest news and various other indicators to make a profit by automatically buying and selling cryptocurrencies. It works similarly to other crypto robots such as Bitcoin Trader, Bitcoin Superstar, Bitcoin Revolution & Bitcoin Profit.

For instance, if a news piece is published saying that Google will ban all cryptocurrency advertising. The News Spy’s algorithm immediately takes note of this news that predicts a downward trend in the cryptocurrency market. It immediately executes trades to profit by staying ahead of the market.

The News Spy platform also enables traders to customise their trading settings in a manual trading mode. This allows an individual to trade 24/7 in the cryptocurrency market without having to enact the trades themselves – as they can set parameters for the robot to follow that align with what the trader wishes to do. The auto trading system will automatically carry out the manual trade as per instructions as the market fluctuates.

The News Spy summary

Feature The News Spy
Supported cryptocurrenciesBTC, ETH, LTC, XRP
FeesNo fees
Success rate94%
Minimum deposit$250
Mobile app?Yes
Withdrawal speed24 hours
Demo accountYes
Leverage available1000:1
Customer supportYes
Verification requiredYes
RegulationsKYC checks
More The News Spy features >

About The News Spy platform

How does The News Spy work?

The News Spy uses a custom-built algorithm to analyse the crypto market and the latest news before buying and selling at the most opportune time. The robot uses an API to send trading signals back and forth from a broker’s account. 

The News Spy auto trading platform partners with relevant brokers that offer cryptocurrency trading on their platform and uses this API to send trading signals to the broker after having decided the trades it wishes to make. The broker then executes the trade immediately. 

What assets and products can be traded on The News Spy?

Like many cryptocurrency robots, The News Spy account offers a relatively small number of coins for trading. The following cryptocurrencies are supported by The News Spy:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Ripple (XRP)

How much does The News Spy cost to use?

You can sign up for The News Spy platform for free. However, you need to register an account with one of its partner brokers and make a minimum deposit of $250 to access the trading software. 

While it is free to use The News Spy, you need to consider trading costs. These will usually come in the form of a commission in the region of 1% – 2% per transaction. 

What are the payment methods accepted by The News Spy?

The News Spy trading platform accepts several payment methods, including bank transfers and credit card payments. It is also possible to use third-party apps like PayPal or Skrill. Here’s a full list of available payment methods for The News Spy automated software. 

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Skrill
  • Wirex

Is there a The News Spy app for both mobile and laptop computers?

Yes, there is a News Spy app for desktop computers and mobile devices. The News Spy mobile app can access trading software on any smartphone or tablet. The News Spy trading platform can also be used on laptops and desktop computers by simply visiting its official website and loggin into your account. Below are the devices you can access The News Spy trading platform on. 

  • Desktop computer
  • Laptops
  • Smartphone
  • Tablet

The News Spy key features

Our experts tested all of The News Spy software tools and below you will find a selection of its most unique features

Trade with leverage

When using a News Spy partner broker, the robot will take trades using leverage. Its partner brokers offer leverage up to 1000:1, which means you only have to deposit a small amount of money to trade large positions. 

User-friendly software

The News Spy software has an extremely easy-to-use interface and its software requires little technical knowledge to set up. You can set up the robot’s trading parameters in less than half an hour and make adjustments whenever you like. 

Use CySEC-licensed brokers

All of the brokerage firms The News Spy is partnered with are licensed by CySEC. Strong regulation from one of Europe’s largest authorities means while you’re trading with the bot, you can be safe knowing you are protected if your broker were ever to go bust. 

The News Spy free demo account

One of The News Spy’s best features is its free demo account. Using the automated software while using virtual funds is the safest way to test its features without risking your own money. 

Which brokers can I use with The News Spy?

The News Spy’s robot works with regulated brokers from the industry. You won’t be able to see the full list of its partners until you register an account. When we tested the trading software, the brokers that were options for us included Europe FX and UFX. Although, online reviews suggest the list is much longer and includes some well-known names.

Can I trade assets with leverage?

Yes, The News Spy does offer leveraged trading to its users. It has partnered with brokers that offer the criteria for leverage trading, but we could not find the specific leverage criteria the robot offers. 

Only expert traders should involve themselves with leveraged trading. It is a risky way of trading, particularly when it comes to volatile markets like cryptocurrency, where sudden downward spikes can put your capital at risk. Alternatively to high leverage crypto trading, we’ve created a list of high leverage forex trading sites, in case you might be interested.

Can I open long and short positions with The News Spy?

Yes. The News Spy partners with CFD brokers who allow traders to take both long and short positions.

For the less experienced, a long position means a trader believes the price of an asset will rise, and a short position is when they believe it will fall. Through this, traders can make money whether an asset’s value rises or falls.

How do I get paid? What about payouts?

You can withdraw money from The News Spy trading account at any time. To submit a withdrawal request, you simply need to visit the trading dashboard and fill in the form. Your withdrawal will be processed within 24 – 48 hours and your money will be back in your bank account once it has been verified. 

What is The News Spy’s customer service like?

Before registration, you may contact The News Spy auto trading system through a contact form on the platform’s website. After you are a verified user, you can contact their customer service 24/7 through email and phone. Here is a full list of customer support functions on The News Spy official website

  • Email
  • Live chat
  • Phone
  • Online contact form

Safety and security

Is The News Spy safe to use?

Yes, during our testing of the trading platform, we found no issues with safety. The News Spy system doesn’t control any of your money and you instead deposit with its partner brokers. Its partner brokers are regulated firms and adhere to strict security rules. The News Spy website offers SSL encryption and also anti-virus and anti-phishing protection. 

Is The News Spy regulated?

The News Spy itself is not regulated, however, the brokers it is partnered with all are. CySEC is the regulatory body that provides licences to The News Spy’s partner brokers. CySEC is one of Europe’s largest and best-known regulators and also offers protection to clients depending on location. 

Is my money protected on The News Spy?

Yes, as you do not deposit funds with The News Spy, but rather with its partner brokers, your money is well protected. That’s because these brokers are licenced by CySEC, which offers compensation up to $20,000 if a broker goes out of business. 

Who owns The News Spy?

On the News Spy website, there is little information about its owners. Varous online forums have speculated that a well-known celebrity figure created The News Spy. However, our investigation into the trading software found no evidence to support these theories. 

Our experts discovered that The News Spy’s true owners are a team of cryptocurrency traders and software developers with many years of experience. As is common in crypto, their names remain hidden to protect their identities and privacy. 

What is the registration and verification process?

The first step to registration requires a user to fill in basic details, including name, email address, and contact number. At this point, you do not need to submit any ID proof. The verification takes a few minutes after which you can log in. 

How to start trading with The News Spy

Step 1. Create an account with The News Spy

Head over to The News Spy website and fill in the registration form on its home page. This is a very quick step that will only take a few minutes as you’re just required to provide your basic contact information.

Step 2. Make a minimum deposit of $250

To start trading with The News Spy you will need to make a deposit of $250 or more into one of its partner broker accounts. You’ll need to register an account with a broker before you do this and will need some identifying information with you to verify your account. 

Step 3. Set up your The News Spy trading system

Once you have your accounts up and running it’s time to set up The News Spy trading system. As we mentioned earlier, The News Spy is very user-friendly and adjusting settings is a simple task.

Step 4. Adjust risk management settings

It’s important to adjust The News Spy’s trading parameters, especially its risk settings. If you want to gamble with the software then keep the settings high, although we recommend you start off low and increase your risk as you gain more experience with the bot. 

Step 5. Start investing with The News Spy

Now you’re ready to start trading with The News Spy. Before you start, its a good idea to test out the trading platform on a demo account. This way you can practice with virtual money and make any adjustments before switching to a live trading account.

There are varios claims about celebrities endorsing The News Spy and big names are often thrown around. However, our investigations have revealed none of these celebrity endorsements appears to be true and below, we’ve put to bed some of the most common News Spy claims. 

Is it true that Mel Gibson endorsed The News Spy?

No, it is untrue that Mel Gibson is associated with The News Spy. Mel Gibson is one of the most well-known names in the film industry, having found success as an actor, screenwriter, and director. His most famous role was his portrayal of William Wallace in Braveheart, and his most discussed directorial contribution is the controversial 2004 film The Passion of the Christ.

Fact check: False. When researching, we could find no evidence to support the claim that Mel Gibson has endorsed this platform.

Does Daniel Craig use The News Spy website?

While many online news sites have speculated that this might be the case, we looked into it and discovered that it is untrue that Daniel Craig uses this crypto platform. Daniel Craig has portrayed James Bond in the last four films in the franchise, having replaced Piers Brosnan in the role of the British 00 agent.

Fact check: False. There is no truth to the rumours that Daniel Craig uses The News Spy.

Kate Garraway has never publicly spoken about The News Spy platform. Presenter of Smooth Radio’s Mid Mornings with Kate Garraway, and Friday co-anchor of ITV’s Good Morning Britain, Kate Garraway is a British broadcast journalist widely recognised across the media sector in the United Kingdom.

Fact check: False. Kate Garraway has never endorsed this crypto trading robot.

Is there a The News Spy alternative?

If you’re not convinced by The News Spy, there are a range of different Bitcoin robots you can try. Below we’ve provided 5 of the best crypto trading robots, just click on any of the links to go to their full review.

  • Immediate Edge is a crypto trading bot that offers automated crypto trading, forex trading, and stock trading. 
  • Bitcoin Motion trades lots of cryptocurrencies but has a particular focus on the price of Bitcoin. 
  • BitIQ can be used to trade over 50 crypto coins using advanced algorithms to pick the perfect time to buy and sell. 
  • Bit Index AI uses artificial intelligence to make a trade in the crypto market. Its software is super fast and executes trades in less than a second. 
  • Oil Profit takes a different approach and focuses on the commodities market, especially the movements in the price of oil 

Our top robot trading tips for beginners

  1. Familiarise yourself with trading. Trading cryptocurrencies is a complex process, and it’s important to have a grasp of the basics before you get involved. By learning about trading in general, you will be better able to set up the trading robot to work most effectively.
  2. Understand cryptocurrency space. Having more knowledge of the asset you are trading is important when making any trade, but especially so in such a wide-ranging environment as cryptocurrency.
  3. Practice with a demo account. Even though you can start live trading immediately upon setting up an account on a robot, we strongly advise you to trade on the demo account first. This will help you familiarise yourself with the platform before risking any of your capital. 
  4. Start small and build gradually.  The best strategy is to start with a small amount of money and grow your portfolio and profits over time. This will help you hone your trading skills and keep risk to a minimum.  
  5. Only invest what you can afford to lose. This is a central tenet of trading, it’s always important to be financially responsible when investing in anything. Markets can be volatile and losses can come as easy as profits, so don’t risk money you couldn’t live without.

Our final verdict on The News Spy

The News Spy software is a good addition to your trading strategy. Its ability to analyse news articles in real-time and predict market fluctuations can bring a new dimension to your overall trading portfolio. 

Traders who enter and exit the market based on technical analysis will especially find The News Spy a useful tool. Although, the crypto trading bot should be used in addition rather than as a replacement for any strategy. 

Trading cryptocurrencies should be treated like any other form of investment: you should always do your research before risking your capital. Even when using a robot, your chances of generating profits will be greatly enhanced by taking the time to learn both about cryptocurrency and trading more broadly before you start.

Methodology: how we scored this The News Spy review

Every cryptocurrency trading robot review on our website follows the same rules when evaluating the platform. In the case of The News Spy, we first created a free account and made an initial deposit of $250. We then connected the robot to its recommended trading platform before adjusting some settings and letting it trade. 

We combined our research and analysis with online reviews from trading software users during our review. We then scored the trading platform based on our findings and other users’ reviews. 

The final ranking is recorded as a score out of five stars. No platform can influence the score, but we may be paid a fee if you use one of the links on this page to sign up with a partner service. Learn more about how we make money and our review process

FAQs

Is The News Spy legitimate or not?
Is it easy to open a The News Spy account?
Can I withdraw cryptocurrency from The News Spy?
Is The News Spy an MLM or Affiliate scam?
Does The News Spy really work as described?
How much does it cost to use The News Spy?
How do I delete my The News Spy account?
Who owns The News Spy?


Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Pooja Kadia
Financial Writer
Pooja has worked with more than 120 crypto and blockchain companies along with being the founder of her educational blog, Cryptochain Sphere. When she is not… read more.