From it's Help file:

Omniquad AntiSpy is a Mal-ware detection and removal utility that will comprehensively scan your memory, registry, hard, and removable drives for known mal-wares ? aggressive ad-wares, data-mining scum-ware, parasites, key-loggers, trojans, premium number dialers, mal-ware, browser hijackers and tracking components. AntiSpy will provide you with the confidence to surf the Internet knowing that your privacy will remain intact.

Note: Free version will only detect spywares. Removal for spywares is not included in free version Sad