TheNewsSpy Review – Watch Out For These Cheesy Tricks

If you look at the company’s website, you will find very few details about them. Yet traders should expect their technology to be trusted and reliable. In reality, that’s not often the case after such a presentation.

On the other hand, if you compare this company to similar ones, you will quickly realize the pattern. To save you a ton of time, simply read this TheNewsSpy review until the end. Especially because of the bonus tips at the end.

Legal Information

With zero transparency about founders, registered addresses, and contacts, it’s hard to believe this firm is legit. In some way, inexperienced traders might think the company is harmless. They are only offering sophisticated trading software for free. So, what could go wrong there? The answer is everything.

This is primarily because this software doesn’t require regulation. They are not offering any kind of money business service. They are not even charging for their software, and that clearly shows you they are operating as an affiliate. However, you better close your account immediately if an affiliated broker doesn’t have licenses such as FCA, BaFin, ASIC, or CFTC. 

What Do Traders Think About This Program?

Overall, everything will be cleared out when you read TheNewsSpy reviews on Trustpilot. More than 60% of the ones who shared their opinion had negative experiences. Primarily because they continuously received dozens of calls daily. To make it even worse, from different companies.

The starting deposit traders report is from £200, and the amount most likely depends on the broker. However, the key problem with such brokers is their aggressiveness and unprofessional attitude. They bite like beasts once they get you in the line until you surrender or hang up. That’s why funded programs by Funded Trading Plus can be a huge relief for any trader.

Where Is TheNewsSpy AI Available?

According to the domain age, it looks like this campaign has been around since 2020. For these few years, they were mainly hunting traders from: 

• France
• Mexico 
• Poland
• United Kingdom

With this in mind, traders should remember what regulation brokers are required to have. Only that way, they can stay safe before depositing any money. Anyway, to learn more about the trading world, we suggest you also check our Stock Market Game review.

Compatibility With Trading Platforms

As can be seen, TheNewsSpy bot is an internet-based solution. Or simply a web-based platform. Therefore, you can expect brokers to tell you the platform is most likely integrated with their proprietary ones. After all, that’s the only way those swindlers can make any software work and be profitable. Simply, they will manipulate market data, profits, and leverage to make it look like traders are winning.

Nevertheless, there’s an easy way to avoid that. Once you start trading with top-tier regulated firms that offer cTrader or MetaTrader, you can sleep tight. With these quick money schemes, you can only end up losing.

What Assets Can You Trade?

One of the most advertised options is TheNewsSpy’s crypto trading features. Apparently, the software is also used for stocks, forex, and commodities trading. Thus, you will only know exactly what to expect once you get assigned to a broker.

Is Mobile Trading Available?

In some way, traders can use this bot on their mobile devices. However, once they complete the TheNewsSpy login process, they will realize it’s not what it is expected to be. 

Instead of trusted downloadable apps, you can only hope this AI is integrated into a web-based platform. But if you trust it, it’s up to you.

How Much Can It Cost You To Use TheNewsSpy App?

Surprisingly, all these campaigns rarely require any payments for the software. Practically, you just have to sign up to get access for free. However, the moment you sign up someone calls you to assist you in making a deposit. But to be fair, that’s kind of logical. If you want to invest money in the market, you need to make a deposit.

The problem is the aggressive approach agents have. Simply because they know if they don’t get you on board, some other company will. That’s why you won’t know any trading costs until you start with a broker.

Most importantly, you should monitor the company’s regulations. Avoid offshore and Tier-3 regulated companies, and you should be fine. You can also try the Funded Trading Plus program with up to $200k funded on your trading account. In the final stage, you get a profit share of up to 90% while trading someone else’s money.

What Are Withdrawal Chances?

Like everything else with this campaign, the TheNewsSpy withdrawal procedure completely depends on the broker you work with. According to the presentation, the payment and withdrawal options available are cards, PayPal, and wire transfers.

Thus, you might be offered to transfer crypto very often. That was one of the ways to anonymously transfer money and simply disappear while taking everything. With all this in mind and numerous negative reviews, you can consider all withdrawal practically impossible. Unless the broker you work with has regulations like FCA or CFTC. Farily, such companies would never advertise through this campaign.

Final Conclusion – Keeping The Funds Safe

Obviously, the TheNewsSpy scam campaign is designed to feed unregulated and untrusted brokerages. That’s already a sign to stay away from it especially after many people shared their bad experiences after registration. 

To avoid such problems, go around it step-by-step. For instance, you can develop your strategies and use a wide range of AI tools in Funded Trading Plus programs. Most importantly, without exposing your money to the market and risking it. But once you get to a certain level, you can get a fully funded account and monetize your knowledge and experience. Generally, a way better option than a demo account.

Therefore, don’t wait for a second. Check the Funded Trading Plus offers and reviews and experience the best out of trading. Forget about scam brokers who prey on your crypto wallets and bank accounts. Sign up today to explore the world of unlimited possibilities and start trading safely.

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