News Spy Review
Today everyone knows about cryptocurrencies as a popular investment asset class that offers huge upside potential but is also extremely volatile. Over the last years, the cryptocurrency market attracted many individual investors thanks to the opportunity to generate consistent profit returns. In this News Spy review, we are going to show you how how to do it.
Cryptocurrency trading, and any market activity for that matter, requires previous investment experience and understanding of the markets. While it is impossible to predict the long-term price of Bitcoin or Ethereum, many investors make money just by betting on price moves and can make a profit regardless of the price is going up or down.
While such active trading might require your constant attention, cryptocurrency trading robots such as we are going to show you in this News Spy review, can help to automate your trading operations and make passive income on autopilot. For example, the News Spy trading robot allows you to invest in Bitcoin, Ethereum, Dogecoin and Ripple with as little as $25 and no previous investment experience.
Many investors report that they can generate $2,000-3,000 in passive income per month by investing in cryptocurrencies with the News Spy trading robot. Other similar trading robots are Bitcoin Evolution, Bitcoin Revolution, Bitcoin Code and 1K Daily Profit. We have completed this News Spy review to share our experience investing with the News Spy trading robot, test its trading strategy, and share our trading results with you.
The News Spy Review – Trading Robot Features
The News Spy is an automated trading system or so-called trading robot that allows you to run trading operations with the help of a computer program. The News Spy trading strategy is designed to analyse cryptocurrency prices and predict short-term price moves based on its signals.
Trading robots such as we cover in this News Spy review, usually make a vast number of small trades daily. As soon as the profit target is achieved, the trading position is closed. The goal of News Spy’s trading strategy is not to make a large profit on each trade but to make more winning trades on average consistently. Thus, while the profit per trade might be small, they all add up to a substantial amount at the end of the month.
With the News Spy trading robot, you can invest in Bitcoin, Ethereum, Ripple and Dogecoin and trade against USD or EUR. Also, the minimum investment amount per trade is only $25 with a $100 minimum deposit. With the News Spy, you invest in cryptocurrencies via CFDs or Contract for Difference which means that a specialist cryptocurrency broker will handle your trades.
You don’t have to buy an underlying asset when investing with CFDs, therefore paying the full price. Instead, you only need to put enough money to cover the difference in a price move or so-called spread. In addition, thanks to CFDs, you won’t be exposed to the security risk of your digital assets being hacked and stolen.
You also can invest with as little as $25 but still benefit from the full price upside. But, of course, you can also lose money if the trade goes against you. That is why the News Spy trading robot allows you to set stop loss targets.
As you could have guessed, the News Spy trading robot allows you to invest in cryptocurrencies via a CFD broker. News Spy works with several brokers and, depending on your geographical location, upon registration, it will connect you to the best available trading platform in your region.
As we wrote this News Spy review from the UK, we connected to the Olympia Markets, a specialist cryptocurrency CFD broker registered and operating out of Tallinn, Estonia.
Olympia Markets operate a cutting-edge trading platform where you can invest in Bitcoin, Ethereum and other major cryptos alongside professional traders. It offers fast execution speed and advanced technical tools. It also allows connectivity of third-part trading applications such as the News Spy so that you can run your trading strategy on autopilot.
How to Start Investing with the News Spy Trading Robot
One of the key advantages we want to mention in this News Spy review is its intuitive and user-friendly trading platform. It is straightforward to open an account and start trading, and you can be up and running in 3 easy steps.
Step 1 – Open Account
First, you need to register an account with News Spy by providing your full name, email address and telephone number. News Spy will also automatically open an account with the broker, so you don’t have to go through the process twice.
Also, upon registration, a News Spy’s customer service representative will contact you to finalise the account set-up. We found this to be very helpful as we have also been guided through the main platform features/
Once you verify your email address, you can log into the News Spy trading dashboard. As you can see, its user-friendly design allows you to stay in control with all key indicators being in front of you.
Step 2 – Deposit Funds
Once you register an account with News Spy, you will need to deposit funds to start trading. After that, you can transfer money using debit or credit card, bank wire or other popular payment methods. You will also need to complete the Know Your Client (KYC) process to comply with regulations. But once you provide a copy of your passport and proof of address, this process is swift.
Step 3 – Adjust Settings and Start Autotrading
With money on the account, you are ready to make your first investment. But before that, you might want to adjust your trading strategy by changing parameters such as Trade Amount, Take Profit, Daily Stopp Loss and Take Profit, Maximum Number of Daily and Concurrent trades.
You can also choose which currency pairs you want to trade – USD or EUR against Bitcoin, Ripple, Ethereum or Dogecoin. Once you are happy with the settings, you have to press the Start Autotrading button.
If the News Spy trading system looks attractive, you might still want to test it before committing real money. News Spy offers an initial deposit of $1,500 in virtual cash for new users, which you can trade in a real-time market environment. We ran our strategy for about 45 minutes and achieved a $475 profit with 83% trade accuracy.
Can I Make Money with News Spy Trading Robot?
Of course, you can not expect cryptocurrency trading robots such as News Spy to make money 100% of the time, but the effective automated trading strategy can generate a consistent profit. Ordinary investors report that they can achieve 2-4% in daily profits with the News Spy trading robot, and many taking up to $4,000-5,000 in passive income per month.
But please remember that when investing, you put your money at risk and should not invest more than you are prepared to lose, as your investment can also go down in value. So trade responsibly, and if you don’t have any experience in trading, start with a smaller trade size to get more confidence.
Is News Spy Trading Robot Scam or Legit? Our Verdict
After completing this News Spy review, we can say that it is a legitimate trading robot. We have not seen any negative or scam reports, and its users were generally happy with their trading results. Of course, now and then, you might read about a customer who might have experienced some minor technical glitches and was unhappy, but overall we have not heard about any major issues with this broker.
The fact that usually, a CFD broker that News Spy connects you to would be unregulated. They would be specialist crypto brokers, and this overall market is not regulated at all. However, if you have any information that can help our readers to learn more about the News Spy trading platform and business practice, please share your feedback in the comments section below.
The News Spy Review – Conclusion
We have test-driven News Spy trading robot for about 4-5 hours and were satisfied with the results. Overall user experience was positive, and the account opening process took no more than 15 minutes. In addition, a customer service representative who reached out to us on the phone was accommodating and helped to finalise the formalities quickly.
With News Spy, you can invest in 4 major cryptocurrencies only. Still, they are the most liquid and popular ones. We achieved $475 profit in 45 minutes with 83% trade accuracy during our trading session. Therefore, we think that the $3,000-4,000 profit target per month is reasonably achievable, providing there are no stressful market events.
Another News Spy’s distinct feature it’s a user-friendly trading platform. Even if you don’t have any previous investment experience with News Spy, you will be able to trade very quickly. With a minimum deposit of $100 and $25 per trade, News Spy allows ordinary people to invest in this new popular digital asset class with very minimal capital commitment.
Of course, News Spy review is not perfect, and we think there is room for improvement. For example, we think a mobile trading app could be useful for those who are constantly on the go. It would also be good to have a broader investment universe, but at the moment, investors are given the option to trade only 4 major cryptos.
So, let us know how your experience with News Spy was and what trading results you have achieved. Please send us a message or leave your feedback here. We would love to hear from you!
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