Recently, a brand new trading tool entered the market, called The News Spy platform. It has been created by unknown people and it claims to generate signals based on news articles and assist traders with their investment decisions.
But honestly, I don’t find it to have much value. The problem I am having with this trading system is that it appears to be fake and the people operating it seem to be thirsty for others’ investment funds.
Frankly, it looked like a scam to me and just to confirm my suspicion, I decided to conduct a detailed investigation. My research is complete and I have already compiled a detailed review. Read on to learn the shocking truth that I have discovered about The News Spy.
A Brief Look at The News Spy
Whoever developed this software claims that it is your solution for financial freedom. This is not right because it is, in fact, a disaster that will ruin your investments.
News can have an influence on the market, but the formula for success in this industry is not dependent on the news only. These people say that they can help you save time and energy by taking care of the analytical part themselves. They will do it on your behalf absolutely free of charge.
Review Verdict: The News Spy Is Scam
The question is whether these people can provide you with the necessary quality. Their supposed analyses could be completely unauthentic and there is no viable proof of the opposite. I can confirm that the system doesn’t have the capability of assisting traders with their investment decisions. There is no evidence that it has worked efficiently.
How Does The News Spy Operate?
They haven’t provided much insight into how they work. But from the information available on their website, it can be assumed that their software collects news from different sources on the Internet. The news it collects is fresh and trending and it is spotted in under an hour from when it was first published on the channel.
They also claim to be having a team of analysts on standby. Once the software gathers the news, their team analyzes the info manually and ranks them based on their trend. Next, they make predictions about the movement of asset prices and send alerts to traders about when to execute trades.
So far, the signals they have sent to traders haven’t worked as effectively as they claim. This means that their claims and promises are false. There is also no evidence available anywhere which can prove that their trading system is advanced or incorporates state-of-the-art algorithms.
In fact, my findings suggest that The News Spy is just a simple random number generating machine. It randomizes trades so traders lose their funds. You may think why they are doing this when the system is available for free and there is no way they will get anything out of scamming people.
The truth is that when you register with a broker they assign you will have to make a deposit of $250. Now imagine if $250 is worth this crappy investment solution. It is certainly not because you are being lied to when they say that it is your investment capital. They will steal it the moment it appears in your account.
Find Something that Works
You should make sure the solution you choose has been proven to work. Otherwise, you risk losing your investments. I can recommend you to consider the Crypto CFD Trader platform if you want a working platform instead of this one.
The News Spy: The Scam Exposed
Many scamming factors came to my attention when I was reviewing this deceptive trading tool. The first one is anonymity. The developers have chosen to hide their identities because they have fear of being caught for running an illegal investment service. If they were truly genuine and if they had the potential to turn ordinary traders into millionaires, they would have revealed their identities.
The News Spy is a horrible scam because even their website is not fully secured. They lack SSL encryption which means that the information transferred through their website can be compromised. They don’t offer safety to their visitors, so I really doubt they must be having security measures in place for their users.
Another very disturbing thing that I am going to point out is their user testimonials. You will see some happy faces and statement on how they managed to make it big with this software. again, these are lies because those people are not even real traders. the pictures have been stolen from stock images websites and their names have also been changed to make them look genuine. But they cannot change the fact that the testimonials are fabricated and they have no truth in them.
Last but not least, they use pressure tactics to rush traders into signing up with them. They claim to offer a limited number of licenses and once the number runs out, no will be able to get access to their trading tool. This is a lie because no matter how many traders sign up, registrations will still be open.
The Bottom Line
If you are serious about becoming successful in the online trading field, you should look for a reliable and genuine trading solution. A system like The News Spy scam will only disappoint you because it doesn’t offer quality service. It will trick you into giving your investment to an unethical broker.
So if you want to save yourself a great deal of hassle and heartache, then stay away from this bogus creation. My review should act as a warning to you and deter you from falling victim to their trap.
Review Verdict: The News Spy Is Scam
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.