Overview
Table of Contents
Report status: Unverified Risk
Risk level: High
Last reviewed: April 2024
Category: Fake trading platform
High-Risk Signals Identified
- Shared layout: same design identified on Yuan Pay and Immediate Bitcoin — both reviewed by ScammerWatch
- FOMO interface: countdown timer found on registration page — documented manipulation pattern used to pressure quick registration decisions
- Company information: not found — no operator name, address, or responsible entity disclosed on any identified domain
- Operator identity: not found
- Registered legal entity: not found
- Trading license: not found
- Minimum deposit: $250 stated on platform — required before live trading access
- Performance claims: “high returns” advertised — no audited proof found
- Trustpilot: reviewed — issues identified, see section below
- Withdrawal process: not documented — elevated withdrawal risk
Do not deposit before completing independent verification.
Verified Fact>Verified Facts
trong>Minimum deposit: $250 — explicitly stated on platform
The News Spy is an automated cryptocurrency trading platform. ScammerWatch reviewed publicly available information including domain structure, shared layout connections, FOMO interface elements, company information, and Trustpilot data.
Platform Claims and Int>Platform Claims and Interface
From the first glance, it is clear that money was put into the site’s professional look. The better the design, the more legitimate it will seem.
According to the website, the core 7 features of The News Spy are
- Free registration with bonuses
- Free demo account
- Ease of use with full automatization
- The minimum deposit is $250
- Support and payouts work 24/7
- The software support trades
- High returns.
A countdown timer was found on the registration page — this FOMO element is a documented pattern used to pressure quick registration decisions. The banner with the countdown timer is meant to fool you and hasten your decision. This is a documented pattern among unverified trading platforms to raise more money in a short period of time.
Risk Factors — What to Chec>Risk Factors — What to Check Before Registering
First of all, let’s delve deeper and outline the core peculiarities of what investors look for. When registering with a crypto trading robot, you should consider:Effectiveness – the full automatization starting from investments to payouts with minimum human interference;
Ease of use – the crypto trading bot should have a user-friendly interface; nobody wants to spend time reading huge guides or user manuals
Free bonuses, demo accounts, and other perks – the more free features the bot includes, the better and more pleasant the whole investment and trading process will be.
Shared Layout — Yuan Pay and Immedi>Shared Layout — Yuan Pay and Immediate Bitcoin Connection
layout was identified on at least two other platforms reviewed by ScammerWatch. There are at least other two websites with the same layout in the same industry.
If that is not enough, there are many sites on the Internet offering registration with The News Spy. This makes it hard to tell which one is the original, legitimate software; if there is one.
Company Information — Not Found
<>Company Information — Not Foundportrays itself as a get-rich-quick scheme. All such algorithms should be very carefully examined before investing your finances into them! Actually, trading bot exploits exactly the same fake strategy as applied by a number of other scam crypto bots we have been warning about:On one website they say the initial deposit can be as high or low as the users want, on the other, it is $250.
Another discrepancy we have found on multiple websites is about it being free. On one it is completely free of charge, on another, there is a 2% commission fee for the brokers.
Furthermore, we have not found a phone app. It is very suspicious that they haven’t developed one. The same contradictive information have other bots of a well-known scam network:
Nowadays, most aspects of our lives happen via a mobile phone and there is an app for almost anything. If they spent so much money developing the algorithm, why not invest in a mobile, more approachable version of it?
Trustpilot Reviews — Issues Identified
>Trustpilot Reviews — Issues Identifiedindividual user reports. The following reflects publicly available Trustpilot data at the time of the original investigation.It is always sound advice to check what other users have to say about a service. So we searched on Trustpilot and found multiple accounts. We have taken a look at the one with the most posts.
First of all, there is a notice from Trustpilot itself, calling to attention the misuse on the page. They have noticed suspicious activity and removed all comments deemed fake. Some remain, still.
These comments always have one common thread: praise the company, saying they have made money, but do not explain how. These posts do not offer any insights into how the platform works either.
The same tactics apply several scam crypto bots we have been warning about:
On the other hand, there are negative comments. These commenters usually have more than one review posted on Trustpilot. And there is a commonality there too: they have been harassed by phone from various numbers.
FAQ on Checking Is The News Spy a Scam
FAQ on Checking Is The News Spy a Scam{"questions":[{"id":"faq-question-1667057551838","question":[{"type":"strong","props":{"children":["Should I use crypto trading bots?"]}}],"answer":["The solid answer to this question is yes. But you should pay attention to the major and obvious facts to avoid losing your money and time."],"jsonQuestion":"\u003cstrong\u003eShould I use crypto trading bots?\u003c/strong\u003e","jsonAnswer":"The solid answer to this question is yes. But you should pay attention to the major and obvious facts to avoid losing your money and time."},{"id":"faq-question-1667057563764","question":[{"type":"strong","props":{"children":["How do I spot a crypto scam?"]}}],"answer":["Huge payouts with guaranteed big returns should be a red flag for you. Free money offerings: whether it is in cash or any of the popular cryptocurrencies, promises of free money are always fake. Be very skeptical about all these claims."],"jsonQuestion":"\u003cstrong\u003eHow do I spot a crypto scam?\u003c/strong\u003e","jsonAnswer":"Huge payouts with guaranteed big returns should be a red flag for you. Free money offerings: whether it is in cash or any of the popular cryptocurrencies, promises of free money are always fake. Be very skeptical about all these claims."},{"id":"faq-question-1667057580500","question":[{"type":"strong","props":{"children":["Is it safe to use The News Spy?"]}}],"answer":["No, it isn’t. The News Spy crypto bot is a scam. They lure customers with promises and harass them over the phone for more and more money."],"jsonQuestion":"\u003cstrong\u003eIs it safe to use The News Spy?\u003c/strong\u003e","jsonAnswer":"No, it isn’t. The News Spy crypto bot is a scam. They lure customers with promises and harass them over the phone for more and more money."},{"id":"faq-question-1667057596110","question":[{"type":"strong","props":{"children":["Is The News Spy a scam?"]}}],"answer":["Yes, it is. In this article, there is plenty of evidence to show how they operate and why it is a scam."],"jsonQuestion":"\u003cstrong\u003eIs The News Spy a scam?\u003c/strong\u003e","jsonAnswer":"Yes, it is. In this article, there is plenty of evidence to show how they operate and why it is a scam."},{"id":"faq-question-1667057611171","question":[{"type":"strong","props":{"children":["Is The News Spy safe?"]}}],"answer":["No, it isn’t. There are multiple websites, none of them are real and they only want to take away people’s money."],"jsonQuestion":"\u003cstrong\u003eIs The News Spy safe?\u003c/strong\u003e","jsonAnswer":"No, it isn’t. There are multiple websites, none of them are real and they only want to take away people’s money."},{"id":"faq-question-1667057627507","question":[{"type":"strong","props":{"children":["How much can I make with The News Spy?"]}}],"answer":["You can’t make money with the News Spy. It is a scam. They operate under the assumption that the professionally designed will fool users. They fish for people’s personal information and harass them into giving more money."],"jsonQuestion":"\u003cstrong\u003eHow much can I make with The News Spy?\u003c/strong\u003e","jsonAnswer":"You can’t make money with the News Spy. It is a scam. They operate under the assumption that the professionally designed will fool users. They fish for people’s personal information and harass them into giving more money."}]} -->The solid answer to this question is yes. But you should pay attention to the major and obvious facts to avoid losing your money and time.
Huge payouts with guaranteed big returns should be a red flag for you. Free money offerings: whether it is in cash or any of the popular cryptocurrencies, promises of free money are always fake. Be very skeptical about all these claims.
No, it isn’t. The News Spy crypto bot is a scam. They lure customers with promises and harass them over the phone for more and more money.
Yes, it is. In this article, there is plenty of evidence to show how they operate and why it is a scam.
No, it isn’t. There are multiple websites, none of them are real and they only want to take away people’s money.
You can’t make money with the News Spy. It is a scam. They operate under the assumption that the professionally designed will fool users. They fish for people’s personal information and harass them into giving more money.
Verification Status
Risk level: High. The same layout was identified o>Verification StatusBitcoin — all reviewed by ScammerWatch. A FOMO countdown timer was documented on the registration page. No company information, operator identity, or trading license was found. A minimum deposit of $250 is stated on the platform. Performance claims including “high returns” could not be independently verified. Trustpilot data reviewed — issues identified. Withdrawal process not documented.
This assessment is based on documented evidence including screenshots and publicly available information. It does not constitute a legal determination of fraud. If you have used The News Spy and experienced withdrawal difficulties, deposit loss, or have screenshots, transaction records, or communication logs related to this platform, submit them at scammerwatch.com/report-a-scam .
Reviews
I tried using The News Spy for a week or two, only to find out I couldn’t withdraw the deposits. Then tried to contact the support, but got no reply. It’s definitely true, this is a fraud.
I fell for the promises of easy money with The News Spy. The bot made terrible trades that resulted in consistent losses, and the customer support was non-existent. It is clear that The News Spy is just a way for scammers to steal your money – stay away.
Author
