The News Spy Review – A Deceptive Scam Trading Bot

The News Spy Review – A Deceptive Scam Trading Bot

The News Spy is supposed to be a Crypto currency trading app that picks signals based on news analysis. They are also claiming that this automated app is managed by a team of analysts who have immense experience in matters related to trading.

The News Spy is supposed to cost nothing and at the same time it makes $1500 per day. This is the claim that the News Spy website is making. As always, we are unable to verify that the app is making $1500 per day. We are also not able to identify the real owner of this corny website. Based on how they are promoting it, we are able to know that the News Spy is a useless piece of trading app that doesn’t add any value to your trading. If anything, it will only contribute to massive losses depending on how much you will invest.

Obviously we don’t trust the promise that if you subscribe to this app, you will make $1500 per day. That ROI is quite high and unrealistic. It suggests that the owner of this trading robot is only looking to persuade many victims into getting falling into their trap. Unless they can show us the trading performance of this robot, we cannot believe it. The good thing is that they haven’t produced this evidence so far, and this confirms what we were suspecting while going through the website.

Because the News Spy is ”free”,  it means that the vendor is looking to cash in on commissions that they will receive when they send you to their recommended broker. By the way, this broker is called KayaFX, and they are a scam and unregulated broker. Some people have even accused this broker of being arrogant. If that is where you will be depositing your money, you better think twice because Kayafx will definitely steal from you. If you want to make money, you must use well regulated and professional brokers too.

The News Spy Review

The News Spy must be a scam because money is not free. This means that it is only a money loser since it randomly opens and closes trades in losses. Moreover, you are working with a scam broker. So expect them to trade against you and even to refuse to process your withdrawal requests. They have been doing that for the longest time now, and it is not a surprise that they will keep stealing from traders in this manner.

The greatest problem with this alleged trading system is that it is not transparent and is instead using a misleading presentation to get people to sign up. As you can see, even fake testimonials are a part of the entire presentation. In the presentation video, we see a couple of guys claiming that the News Spy has enabled them to make a lot of money in trading. But obviously we have to doubt them because their claims are nonsensical. Their ROI is absurd and yet they claim that they have been able to make a lot of money. All we need is evidence and not stories.

The News Spy

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These people are liars and probably actors who were paid to sell this software in a positive light. As you can see, they are faking everything. You cannot make thousands of dollars with the News Spy. If it was that viable and profitable, the owner would never give it out for free. It would probably be the greatest secret in the world. So it is not very realistic to say that this robot is making $1500 per day and is being issued for free. That is the language of scammers and not a serious business.

If these people are actors, then it makes sense to say that they have never used this software before. They are just liars who have been paid to fool you. Do you believe their words? You probably deserve what’s coming to you. But if you don’t believe what they are telling you, then it means you are aware of the fact that they are trying to get you to sign up for a product that does not really generate any returns.

Is this considered an illegal investment advice?

Definitely. If they claim that The News Spy is managed by news analysts, then it’s reasonable to say that these people are giving investment advice. We know that giving investment advice without authorization from the regulators is a crime. Does the News Spy has any authorization in this area? No way. They do not have any license. This makes what they are offering illegal and unsuitable for public use.

Also, this scam is anonymous. That’s the greatest problem that it will ever face if it ever attempted to seek for a license. Regulars want transparency and one of the things that the News  Spy lacks is transparency.

Regulators want to know the people behind this product. But on the other hand, the News Spy is not willing to reveal the people behind this operation. They prefer to maintain anonymity because it gives them a false sense of comfort when intending to scam you. does not reveal the identity of the scammers because they have simply purchased a feature that masks their domain so that no one can see who that domain belongs to.

Generally, these are disturbing signs which must be taken seriously. They are considered serious red flags. If you ignore what you are seeing on this site, then it will come to bite you. The reality will always strike at some point. We are 100% sure of this..

Our best advice for you

If you want to avoid getting scammed, you have to rely on genuine brokers who have been licensed to provide brokerage services on the internet. Any supposed trading app that is leading you towards an unregulated broker is a scam operation. You should be aware of this. Just in case you didn’t sign up with reliable brokers in the aforementioned link, please do so here. You can avoid unnecessary heartache.

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