The News Spy trading software review will analyze if you can use this platform to make enough money by trading commodities, crypto, etc., as the owners claim.
I will start by describing this system and how it works to help you understand it better.
We will then see its features, how to use them and how much it will cost you.
I will end this review by analyzing the News Spy advantages, disadvantages and giving you my opinions on whether it is trustworthy or a scam to avoid.
The General Overview
- The Name: News Spy.
- Owners: Not mentioned on the official website.
- Industry: Online trading.
- The cost: No subscription fees.
- Minimum Deposit: $250.
- Customer Ranking: 9 out of 10.
What Is The News Spy Trading System?
The information available on its official website show that this system was created by a team of passionate people in the trading industry.
However, there is no indication of the date of creation, the name of the founders, and the official address.
When creating this system, the founders say that the idea was to help ordinary people make a good living by trading commodities, cryptocurrencies, etc.
For them, only a few groups of individuals could invest and take advantage of these types of opportunities, while most others couldn’t or were not aware of them.
The survey concluded that the main reason for many people not investing in such operations was the high amount of capital or financial barriers.
Some other people didn’t know how online trading works and how profitable it is.
The following sections will show you how this platform works and what you need to get started.
How Does The News Spy Works?
This system works in the simple three following steps:
Step # 1. Opening an Account
You must first fill a form and open a News Spy trading account. It will not take long for the owners of this system to verify your request and accept it.
The verifying process is almost instant, unlike some other online trading platforms that take a long time to approve the demands of new traders.
You can also read a review of the eight best online stock trading systems for beginners.
Step # 2. Funding Your Account
Once your account is approved, you will need to fund it with at least $250.
This is a minimum deposit, but you can deposit more money if you can afford it.
The system will match you with a broker near you. The owners have partnered with at least 20 brokers in all its jurisdictions of operations.
The owners say that they will not require you to pay any other fee, hidden cost, or commissions on your earnings.
Step # 3. Trading
After the two previous steps, the owners of this system say that you will start trading and make profits even if you don’t have prior trading skills or experience.
They also advise all new traders to be financially stable before deciding to embark on these transactions.
Ensure only to invest the money you can afford to spend or lose, especially if you don’t have enough means to survive.
Otherwise, you may put yourself and your family in more financial trouble and find it challenging to get out of them.
What Can You Trade With This System?
This platform provides many trading forms to earn money, but crypto and commodities investing is most appropriate for beginners.
As a commodity trader, you can buy shares in alcohol, coffee, gold, silver, tobacco, etc., and resell them when their values increase to make profits.
You can use the same approach to trade cryptocurrencies that many investors worldwide take advantage of nowadays.
The difference between both trading forms is that commodities are tangible assets, while crypto is a digital coin without a physical denomination of value.
Cryptocurrencies are also highly volatile and riskier than commodities.
The choice is yours, but I advise you to think of the trading form you want to start with, especially if you don’t have enough capital to invest in both opportunities.
The News Spy Pros and Cons
- The system is easy to set up and use, but you must follow the settings instructions carefully to do everything correctly.
- A demo account with a virtual $5,000 will help you to get acquainted with this system before using the real money.
- There are many positive reviews from people who have used this platform successfuly.
- The starting capital is as low as $250, but you will need to invest more money to make good profits.
- Apart from the investment, there are no other fees or hidden costs, unlike other online trading systems.
- All the News Spy partner brokers are regulated, making this platform more trustworthy.
What I don’t like about this platform is the lack of helpful information on its official website.
It seems that the owners don’t want to divulge who they are and from where they operate, while such information can make potential investors more comfortable.
It is always better to know who you will deal with before investing your hard-earned money.
Also, stocks trading is risky because no one can accurately predict the financial markets’ direction day after day.
It is why you must only invest in these types of opportunities the money you don’t need immediately or that you can afford to lose.
It will also help if the News Spy owners provide training or educational resources on online trading to help newbies learn this industry before getting started.
Is The News Spy A Scam?
From the users’ testimonies, News Spy is not a scam and would be safe for people who want to make money in the online stock trading area.
These testimonies and independent review sites such as TrustPilot confirm that the News Spy trading system is profitable.
Most of the reviewers have rated this platform with five stars, which is rare because similar platforms get fewer ratings.
The News Spy UK would also have limited registration slots, but I have not checked this myself.
The claim may be accurate or a way to attract more new investors into the system.
Also, the owners promise to provide you with different strategies to make money.
These strategies include arbitrage trading that requires studying different cryptocurrencies’ prices and earning from the price differences.
The gathered information shows that News Spy can place up to fifty arbitrage trades in a single minute. Most of these trades would also be profitable.
You can use the link below to open an account and use the demo account packed with $5,000 virtual money to see how it works and decide if this system is appropriate for you.
The Final Thoughts
It is the end of the News Spy trading software review that, I hope, will be of great help to you.
Many people use stock trading to make a part or full-time income, and this platform owner says you don’t need prior stock trading or experience to use it.
The fact that there are many positive testimonials and reviews from users proves that this system works.
I also like that the people behind it are honest and advise future investors only to invest the money they don’t need to survive.
It is better to take the time to get used to how these types of opportunities work before trading real money. This system is not a get-rich-quick scheme.
I also advise you to read this review that answers whether you can make money with stock to get more educated before embarking on this industry.
Thank you for reading the News Spy review. Please leave a comment or ask questions at the bottom of this page. I will reply as soon as possible.