The News Spy Bot Review
The News Spy
|Broker||The News Spy|
|Support Types||Phone , Chat , Email|
|Minimum 1st Deposit||$100|
|Minimum Trade Amount||$25|
|Free Demo Account||Open Demo|
|Deposit Methods||Debit & Credit Card , Bank Transfer|
|Trading Currency||Bitcoin , Ethereum , Ripple , Litecoin|
|Account Currency||EUR , USD , GBP|
|US Traders Allowed|
- No Previous Experience Required
- Start Investing in 15 min
- Professional Trading Platform
- Small Investment Universe " No Mobile App
What is the News Spy Trading Robot?
Today everyone knows about cryptocurrencies as a popular investment asset class that offers huge upside potential but also extremely volatile. Over the last years, the cryptocurrency market attracted many individual investors and thanks to price volatility, active day-traders are able to generate consistent profit returns. Cryptocurrency trading, and as 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 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 the News Spy can help to automate your trading operations and make passive income on autopilot. The News Spy trading robot allows you to invest in Bitcoin, Ethereum, Litecoin and Ripple with as little as $25 and no previous investment experience.
Many investors report that they are able to generate $2,000-3,000 in passive income per month by investing in cryptocurrencies with the News Spy trading robot. Another 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 this trading robot, as well as test its trading strategy and share with you our trading results.
The News Spy Bot Review
The News Spy 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 run technical analysis on the cryptocurrency prices and based on its signals predict short-term price moves. Trading robots such as News Spy, usually make a very large number of small trades on a daily basis. 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. While the profit per each 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 Litecoin 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 all your investment will be made via specialist cryptocurrency broker. When investing with CFDs you don’t have to buy an underlying asset, 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. 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. Of course, you can also lose money if the trade goes against you, that is why 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 CFD broker. News Spy works with a number of brokers and, depending on your geographical location, upon registration, it will connect you to the best available trading platform in your region. As we have been writing this News Spy review from the UK, we have been 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 allower connectivity of third-part trading applications such as the News Spy, so you can run your trading strategy on autopilot.
How to Start Investing with the News Spy Trading Robot
One of the key advantages of News Spy is its intuitive and user-friendly trading platform. It is very easy to open an account and start trading and you can be up and running in 3 easy steps.
The News Spy Bot Review
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 been also guided through main platform features/
Once you verify your email address, you can log into the News Spy trading dashboard. As you can see, it’s 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 some funds to start trading. 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 very fast.
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 Litecoin. Once you are happy with the settings, all you have to do is to press Start Autotrading button.
If News Spy trading system looks attractive, you might still want to test it before committing real money. For new users, News Spy offers an initial deposit of $1,500 in virtual cash which you can trade in a real-time market environment. We have been running our strategy for about 45 minutes and managed to achieve $475 profit with 80% 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 are able to 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. Trade responsibly and if you don’t have any experience in trading start with a smaller trade size to get more confidence.
The News Spy Bot Review
Is News SpyTrading 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 it’s users were generally happy with their trading results. Of course, every now and then you might read about a customer who might have experienced some minor technical glitches and was not happy, 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 too 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 News Spy trading platform and business practice, please share your feedback in the comments section below.
The News SpyTrading Robot Review – Conclusion
We have test-driven News Spy trading robot for an 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. A customer service representative who reached out to us on a phone was very helpful and helped to finalise the formalities quickly.
With News Spy, you can invest in 4 major cryptocurrencies only but they are the most liquid and popular ones. during our trading session, we managed to achieve $475 profit in 45 minutes with 80% trade accuracy. We think that $3,000-4,000 profit target per month is reasonably achievable providing there are no stress 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 is not ideal and there are certain features we think could be improved. We think a mobile trading app could be useful for those who are constantly on the go. It would be also 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 was your experience with News Spy and what trading results have you achieved. Send us a message or leave your feedback here, we would love to hear from you!