Day Trade SPY Review: 5% Per Day Magical Trading Scam?

Day Trade SPY Review: 5% Per Day Magical Trading Scam?

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Day Trade Spy claims that you only need to trade one hour in a day for you to attain the unimaginable amount of returns. They allegedly have a unique strategy that they are utilizing in executing trades. The founder of the platform is known as Hugh.

The company brags that it is different from all other ventures in the market. The platform state that what sets them apart is their transparency and honest nature. The platform goes ahead to claim it is using unique, simple to learn the strategy and a stock spy to generate their high returns.

They will ensure that their customers have consistent profits. The company will teach you all their tricks. The platform was inspired by close friends and family who asked Hugh how he can be successful in the market.

He started sharing his strategy and outcome online with other traders. He also offered to train individuals, which was known as the inner circle. More clients were willing to be prepared. As the company expanded, they now started a winner’s circle Trading room.

Day Trade Spy Review, Platform

The platform claims that this is the 11th largest Forex training company online in the world. The platform state that they post all their result be it the bad or the good ones. If you are willing to become the next big trade, now is the chance of joining them.

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Day Trade Spy Review

We have some doubts about this training facility. For starters, the founder of this entity does not publish his financial results for every interested trader to attest; they are trusting the best trader in the universe.

Additionally, the company is not reputable even after being in the industry for several years. Day Trade Spy has free consultation whereby you can contact them just in case you have any queries.

They believe that each trader is not the same as the rest. The company wants to know the experience you have and expectations before signing you up in their program.

To join the higher inner circle, you need to deposit $79 per month. You will get the founder’s daily market analysis and an evening follow up. The company also holds a meeting every Thursday to discuss the event of the day.

The next package is the pick of the day, which costs $89 every week. You can enter the market with the least analysis. It is ideal for those who have a busy schedule and do not have the time to keep track of what is happening.

The high trading room is the most expensive of all the plans. It requires a deposit of $99 and will allow you to see the founder placing trade live. However, we would not recommend this platform to traders as there are no available trading results.

It would be best to use legit Forex trading software in the market that is proven to be profitable. There are more transparent in its dealing, and you will also be assured of your safety.

Trading Results

The platform features its trading room results on its website. The average yield of their past 20 trade is 5.3%. The firm also has an average ROI of 5.9 annually.

You can join Hugh and Alex in the trading room. We still think it would have been best of the platform features their live trading results instead of showing us numbers. It would create more trust knowing a reputable 3rd party verifies the result.

The trading room of the founder is meant to track your success. Investors are guaranteed that they will be trading along with expert traders like Hugh. It will help to take your trading game to the next level. We trust in the process; however, we cannot only rely on mere words.

We need to see background data of the founder as well as Alex for us to believe they are indeed expert traders. They haven’t given us anything to an individual their claims. The live training session will take an approximate duration of 45 minutes.

Traders will learn and earn as they imitate the two individuals. The firm also assures you won’t be distracted by anyone, and you can interact with the founder. The company also guarantees that you will enjoy high privacy as it is only your first name, which they need.

Investors will also learn in any market condition. However, you need to deposit $99 every week. We find the amount very huge, especially when we do not know the quality of information that you are getting.

The company keeps the bragging of Alex and High experience in the market. Unfortunately, we are only interested in seeing their results. All this is nothing but a bluff until they verify their results.

Customer Support and Regulation

Day Trade Spy is a company that claims to be located at Niagara Falls, 1623 Military Road, New York, USA, 14304-1745.  The platform prefers to be contacted via email by their clients.

They also feature a telephone number; (716)381-4221, and their email address is [email protected] We could not verify if this is the actual location of this entity. However, given that they prefer to be reached via email, it creates some suspicion.

The platform is allegedly located in the USA, and knowing the strict measures that the country has in regards to investment firms, we find this hard to believe. The company does not feature any license on their website.

They also are not featured on the list of regulated entities by FCA, NFA, FTA, CySEC, and ASIC. Venturing with them does not come with any security, and you will be exposed to multiple risks.

Clients Testimonials

Day Trade Spy features several testimonials form their alleged clients. During our finding, we did not come across any review from third party websites. The company seems not very reputable in the industry. We cannot depend solely on the data the firm avail.

It is because the review is cherry-picked. Additionally, there is no social media profile that is linked to these statements. It is just named. Therefore, we cannot verify if the info is coming from real traders.

The reviews indicate that the company has helped the clients. Traders are making profits, and they additionally praise the firm for availing both the win rates as well as drawdowns. The individuals claim that they have become better traders by following Alex and Hugh’s strategy.

There is one client who states he made over $2100 in a single day. Well, we do not doubt the statement, but a screenshot would serve much good than relying on empty words. The Forex niche is not predictable, but we find clients who claim they can easily predict the market.

Final Verdict

Day Trade Spy is a company that has been in the market since  October 2015. The platform is privately registered; hence the information regarding the founder is not accessible to the public. We do not know the qualification that Hugh has about finance.

We have some doubts about him. Since he also fails to provide financial results or personal statements that can prove he is an expert trader. Until this company keeps its house in order, we would recommend you try some of the best Forex trading software in the market.

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2 Replies to “Day Trade SPY Review: 5% Per Day Magical Trading Scam?”

  1. I have lost a fair chunk of money with Daytrading Spy but I would have a hard time calling Hugh a snake oil salesman. I think he could be more forthcoming on how much difference there is between the paper money platform vs real money. It is quite easy to make the 5% per day on the simulated trades.

  2. I have just had a big loss trading the Day Trading SPY system, and I would like to share my experience with anyone who is interested in my perspective.

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