The News Spy review 2024

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.

Based on our research, The News Spy appears to be a genuine trading robot

We test every crypto robot extensively and only recommend software that looks legitimate. The results of our investigation suggest that The News Spy seems to be a genuine trading bot. To sign up for a free trial and test the software for yourself, follow the link below. Once you’ve done so, an account manager will call to explain how to create an account and set up the bot.

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.

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, and interprets that it 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 allows you 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 you can set parameters for the robot to follow that align with the trading strategy you want to follow. The auto trading system will then automatically execute the trade as per your instructions as the market fluctuates.

The News Spy summary

About The News Spy platform

How does The News Spy work?

The News Spy uses a custom-built software algorithm to analyse the crypto market and the latest news, then sends buy and sell orders to your broker at the most opportune time. The crypto robot uses an API to send trading signals back and forth from your broker 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 one of The News Spy’s partner brokers you can trade with leverage up to 1000:1, which means you only have to deposit a small amount of money to very 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

Has The News Spy been recommended by celebrities or appeared on TV?

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.

Has Kate Garraway publicly recommended the platform?

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?

The News Spy is just one of many Bitcoin bots that I’ve tried out over the last few months. The quality can vary dramatically – I’ve found some that suit me perfectly, and others that turned out to be very disappointing.

One of the ways I can help you is by distilling that experience down into actionable advice. Of all the crypto bots I’ve reviewed, there are a few that I would really recommend to anyone.

I’ve picked out these six because I trust them, they don’t cost a lot, and they provide a great selection of plug and play trading strategies. You don’t need loads of experience to start, but you can tweak these bots to your heart’s content.

So here are some The News Spy alternatives that I recommend you take a look at:

• Immediate Core is a trading bot that uses machine learning to trade Ethereum and other ERC-20 cryptocurrencies.
• Immediate Connect is a crypto auto trader with a trading system that’s easily adjustable to suit top cryptocurrencies and altcoins alike.
• Bitcoineer is a crypto bot that uses a combination of artificial intelligence, machine learning, and natural language processing to identify and place trades.
• Immediate Bitwave is a crypto auto trader with a trading system that’s easily adjustable to suit top cryptocurrencies and altcoins alike.
• Trader AI is a fully automated crypto robot that uses advanced technology to craft highly optimised trading strategies on crypto, stocks, and more.
• Neoprofit AI uses next-gen artificial intelligence to scan over 1000 crypto tokens and identify winning trades on your behalf.

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

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We test each crypto trading platform to provide clear, accessible guidance on the service it offers and how it compares to the 63+ other automated platforms we review. Testing is carried out by our panel of industry experts, analysts, and active traders who sign up to the platform, conduct research, and score the service.

To supplement our practical testing and experience, we research the service to gather any further relevant information and provide context to help you decide whether the platform is right for your investing needs. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

The automated platform is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with the individual brand to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process. 

FAQs