The News Spy is an autotrader which claims to earn its users an average income of at least $1,500 per day. There is no assurance about the reliability of the software. While we were investigating this service we found a lot of misleading factors which makes us more suspicious about their service. Read our full review to find out why we recommend everyone to stay away from this scam.
The News Spy Scam Warning-
There is no information about the creators or developers behind this software. The lack of transparency and the level of mysteriousness covering this firm makes us believe that we are dealing with a fraudulent software.
The News Spy provides investment advice. While we were trying to validate their operation we were unable to find any certificates confirming licenses which they must lawfully hold. Since we could not find any licenses we recommend all our readers to use extreme caution while dealing with this service.
The News Spy does not talk anything about how the signals are generated by their software. We do not know which indicators or parameters it considers before executing a trade. The accuracy rate of the software is not mentioned anywhere on their website. There is no option to switch between aggressive and passive risk management techniques depending up on the various market conditions. How can they expect the investors to trust their software without telling them the win rate and draw down of the trading system it follows?
The News Spy claims to earn its users an average income of $1,500 by just clicking few buttons. High income claims is an effective trick used by scams to attract newbie investors and convince them to invest into their software. Ask yourself if this software could really generate these type of returns on a consistent basis why would they offer it to the public for free?
The News Spy does not offer a demo account. There is no way to test this software without having to risk your hard earned money. There is no sort of educational outlet on their website. If you face any problem on their platform there is absolutely nothing you can do about it as there is no customer support team to assist you.
The News Spy requires a minimum deposit of $250 in order to get started with their autotrader. The platform features a list of broker synced with their software out of which most are unregulated. Always make sure that you are dealing only with regulated brokers. The News Spy is affiliated with the brokers it features on their list which means they get a commission for every client they refer.
The News Spy features a lot of testimonies on their website where in the early users share their thoughts about this software. Isn’t it strange that all of the comments and testimonies are extremely favorable towards them? There is no way to verify that the comments are from actual users. However, note that the testimonies are from paid actors from fiverr.com. Ask yourself why would they put up fake testimonies unless they are deliberately trying to hide something from us?
The News Spy Review Conclusion-
The News Spy is not a reliable automated trading solutions. If you ever decide to try out this software despite our warning use extreme caution.
Review Date: 2018/05/31
Author Rating: 1/5
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