The News Spy is supposed to by a trading app for cryptocurrencies that will pick up trades based on news analysis. It is an automated solution allegedly backed by a team of analysts.
This trading software is allegedly capable of earning you at least $1,500 daily. For free, because The News Spy is free. Really?
The News Spy scam
Money is not free and The News Spy is of course a scam. It won’t make you any money. If anything, it will make you lose money.
As you can see on our picture, these people are paid actors who just said what they were paid for. They have never traded with this software, let alone made money with it. They are liars.
Illegal investment advice
You should know that any service that will say what trades you should open is considered to be investment advice. And this is a regulated activity that you need a licence for.
But The News Spy is completely anonymous, you won’t be able to find people who are behind it. And they of course are not licensed to provide any services related to investing.
How it really works
So, the first thing they will ask you to do is to deposit at least $250. If you do it, scammers who run The News Spy will get paid by the broker for referring you. And then their software will lose your money. That’s how it ends.
Note: The News Spy program never appeared in the Shark Tank, the article in the Financial Journal is fake!
The News Spy is a dirty scam that together with a shady broker will lose your money. Stay away from it!
If you want to make money with cryptocurrencies, start learning on a free demo with a regulated broker.
You have to build a profitable strategy and understand all the risks before you potentially start trading with real money.