Immediate Momentum Review 2024 - Is it Legit or a Scam?

Our Investigation Result: Immediate Momentum Seems Legitimate!

After extensive investigations, we can say that the Immediate Momentum platform is a legitimate crypto trading platform.

If you are interested in setting up your free Immediate Momentum account, use the link below and an account manager will walk you through the simple steps to signing up.

Immediate Momentum Summary

What Is Immediate Momentum?

Immediate Momentum is a piece of software that runs a powerful algorithm trading system. This algorithm leverages artificial intelligence and deep learning technologies of market trends to execute trades on behalf of its users. The bot can be used to run different types of trading strategies of varying complexities.

The bot is suitable for beginners with little to no investment knowledge about the market and veterans who wish to improve accuracy or automate certain parts of their cryptocurrency trading processes.

Who Created Immediate Momentum?

Immediate Momentum’s website does not display information on the company’s founding members. This, while odd, is commonplace in various crypto trading system projects.

Several internet rumors have sprung up that speculate on the nature of the founders. A particularly popular rumor claims that the bot company was founded by a team of mathematicians, seasoned traders, and developers. Another claims that it was created by some celebrities.

Our investigation tilts towards the first one. While we do not know for sure, the pattern we’ve seen in the industry is that these types of trading platform products are usually created by a group with tech and math skills.

Nonetheless, we still advise caution with trading opportunities.

How Does Immediate Momentum Work?

Immediate Momentum leverages AI technology to collect market data, analyze it, and make predictions with a high probability of success based on historical data of market trends.

The bot analyses recurring patterns in previous market cycles and then listens for a repetition in the current cycle. Because market cycles display similar behaviors, the bot will be able to pick up on certain price formations and then predict how it will play out from previous market analysis reports.

You can set the bot to send updates when it makes a prediction or to execute trading opportunities. If you choose to execute trades, the bot will continue to monitor the trade until it reaches a predetermined exit price.

So far, the bot has reported a success rate of 85% which means that around 8 of every 10 trades are successful.

To execute trades, the bot uses financial derivatives called Contracts for Differences (CFDs) that track the prices of underlying assets like crypto. These CFDs mimic crypto’s price action, allowing traders to trade them like they would the actual cryptos.

However, unlike the underlying cryptos, they come with extra benefits like the ability to trade in both directions simultaneously and the availability of leverage which allows traders to increase the size of their positions without increasing their capital.

Immediate Momentum works with brokers worldwide to execute its trades. This is because the bot is an algorithm that is not connected to the live market, so it relies on third-party brokers to provide that connection and execute orders.

Top 8 Key Features of Immediate Momentum

1. Demo Account: The demo Immediate Momentum account provides a trading environment with no real risk or consequences. The cash used is virtual, but real-time market data is used. Hence, you can test strategies in real time with real market data without risking real cash. Most traders use the demo Immediate Momentum account to test their cryptocurrency trading strategies before moving to the live market.
2. Speedy Withdrawals: Immediate Momentum emphasizes quick withdrawals by processing requests between 24 – 48 hours, with the latter being an upper boundary as most withdrawals do not take up to 2 days.
3. Multiple Crypto Support: The Immediate Momentum trading platform supports up to 14 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP), Dash, Litecoin (LTC), Bitcoin Cash (BCH), Binance Coin (BNB), ZCash, Ethereum Classic (ETC), Bitcoin Gold (BTG), EOS, NEO, and IOTA. By using CFDs, the bot lists up to 50 trading pairs.
4. High Success Rate: Immediate Momentum claims a success rate of 85%. However, in our experience with trading tools, real accuracy levels are usually lower than claims and while the bot does not achieve this all the time, its average rate is still high enough to maintain sustainable profitability.
5. Easy Verification: Immediate Momentum’s KYC registration process is streamlined. Verification is relatively easy and fast, provided you possess the necessary documents, which are a valid ID and a proof of address document that clearly displays your resident address. Your documents will be reviewed and your account will be approved within an hour of submission.
6. Free Fee Structure: Immediate Momentum does not charge fees for use. There are no funding fees, trading commissions, or inactivity charges. The bot makes money from adding a markup to the spread. This has no effect on the price of trading for the end user, ensuring seamless trading.
7. Customer Service: Immediate Momentum runs a responsive customer service team that is always on hand to help resolve any issues you may have. The Immediate Momentum customer support team is also available to help you set up your account. You can reach them via live chat through your account dashboard or send an email. The live chat is quicker and great for smaller issues, while email is better for more technical problems.
8. Affiliated Brokers: Immediate Momentum works with top-tier brokers around the world to deliver its services to various countries. When opening an account, you’ll need to sign up with one of them. These brokers are secure with top-notch security measures and licensed in the various jurisdictions they operate.

Things to Keep in Mind Before Using Immediate Momentum

How does Immediate Momentum perform in a live cryptocurrency market environment? We analyzed important metrics that paint a realistic picture of how the bot works in action with its trading decisions. We assigned a score out of five for each category.

Deposit and Withdrawal Limits and Methods: 4/5

Immediate Momentum imposes a minimum deposit limit of $250. The platform supports funding through credit cards, PayPal, and bank transfers. Withdrawals are also free and are not subject to any limits.

Affiliated Brokers: 4/5

Immediate Momentum’s broker partners are top-tier with several years of strong service delivery. They are licensed in the regions they operate in and implement KYC procedures to verify their users’ authenticity. The brokers also implement industry-standard security measures to keep the platforms safe.

Customer Service: 5/5

Immediate Momentum’s customer service team is top-notch and available 24/5 via email and live chat. Representatives are usually on standby to help with any issues you may have to ensure you can make informed decisions.

Immediate Momentum is one of the best and cheapest trading bots on the market thanks to its zero fee policy. You do not pay for deposits, withdrawals, or trades. However, keep in mind that its broker partners may charge commissions on trading cryptocurrencies.

Verification System: 4/5

Immediate Momentum’s KYC process is quick and easy. New accounts can get verified in as little as under 24 hours provided ID documents like a driver’s license and a utility bill or bank statement are available.

User testimonials are a reliable way to gauge service delivery, and Immediate Momentum has several glowing reviews across various independent third-party sites.

How Does Immediate Momentum Compare to Other Automated Cryptocurrency Traders?

The Immediate Momentum trading platform isn’t the only crypto trading bot on the market. Other bots offer similar services and make various claims of profitability. However, Immediate Momentum holds its own against many of these competitors thanks to its pricing structure, crypto support, and success claim.

That being said, here are some alternatives to Immediate Momentum that are worth a look:

• Bit Index AI uses AI technology to spot and execute trades with a high-profit probability.
• Ethereum Code focuses on trading crypto tokens on the Ethereum blockchain.
• Immediate Edge is known for its wide range of cryptos.
• Qumas AI makes trading as easy as possible by providing advanced automation features.
• Bitcoin Prime focuses soley on Bitcoin CFDs.

Is Immediate Momentum a Legitimate Autotrader?

Platforms that promise high earnings with minimal effort are usually too good to be true, which is why we researched Immediate Momentum to ensure that the company is what it seems. We verified the legitimacy of the Immediate Momentum trading platform by testing it across two major verticals. Here are the results:

User Testimonials: We searched for user testimonials about Immediate Momentum and found several reviews by past and present users on their trading journey. We ensured the sources of the reviews were independent, so we didn’t include testimonials from the bot’s site. We also avoided reviews from companies that may have partnerships with the bots, like tech publications.

Customer Service: We contacted the company’s customer service team on various occasions and found their responses to be friendly, quick, and helpful. They were eager to help with our issues every time.

Is Immediate Momentum Safe?

Immediate Momentum implements SSL encryption on its web platform to ensure security. The company also uses several network and platform firewalls to secure its network. On the users’ end, the platform mandates KYC registration for new accounts to avoid identity theft.

From a financial standpoint, the bot leverages its partnerships with brokers to keep users’ funds secure when trading cryptocurrencies. It does not store capital or digital currencies on its site or servers but keeps it with brokers who are licensed and registered. This way, if the bot’s servers are ever attacked, user funds remain safe.

5 Reasons to Use Immediate Momentum for Trading

Regular Payouts

We came across some user reviews that claim that Immediate Momentum regularly generates about $1000 in profits. While we cannot verify that, we have tested and found that the platform processes withdrawals quickly.

Minimal Supervision

Immediate Momentum automates most of the trading process of crypto assets. Hence, it needs very little human supervision to generate profit. Its automated features also make it suitable for novices with very little trading experience. All you need to do is set up the initial live trading parameters and let the bot do its thing.

Trade Without Emotion

Immediate Momentum is not human, hence, it is not vulnerable to the factors that negatively affect traders like fatigue, fear, and greed. The bot will run set trading strategies as they are laid out. This also means that your strategy must be accurate to generate profit.

No Fees or Deductions

Immediate Momentum is free to use. The bot does not charge fees or commissions to execute trades and generate profit. Unlike several of its peers, this bot also doesn’t charge commission on profit. Everything you make on your trading experience is yours.

85% Success Rate

Immediate Momentum’s 85% success rate has drawn several users to the bot. While this number is high, even in the world of algorithmic trading, the bot consistently generates profit for its users.

What is the Best Way to Trade With Immediate Momentum?

Immediate Momentum is a trading tool whose efficiency depends on the way it is used. To maximize the bot’s potential, you may want to keep the following points in mind.

If you are an amateur trader, start with the demo account. The demo account not only allows you to familiarize yourself with the trading platform bot’s features, but it also provides an environment that can foster trading discipline and growth. Use the demo mode to build the investment education skills you need to succeed.

Unless you are a seasoned trader, stick with the automated mode. The auto mode is created to achieve the best possible outcomes given the current investment world market conditions and the quality of its inputs. New and intermediate traders will achieve more success if they spend more time improving the quality of the parameters they provide than trying to master the manual trading activities mode.

Lastly, keep up with current events in the crypto market. This will help in anticipating market moves and taking advantage of them using the bot’s sub-second execution speed.

Has Immediate Momentum Ever Appeared On TV?

Trading bots are usually surrounded by a cloud of rumors that speculate on their popularity and effectiveness. Several internet rumors arose that representatives from the bot’s parent company have appeared on popular television shows. We dismantle these claims below.

Dragons’ Den

Dragons’ Den is a business show that features businesses (including technology startups) that pitch ideas and business models for a chance to gain funding and support from established business moguls. The rumors alleged that people from Immediate Momentum appeared on the show to solicit funding.  However, our research shows that these rumours are false as we did not find any episodes featuring the bot.

This Morning

This Morning is a lifestyle show that includes food, fashion, business, and the latest trends. Its hosts feature guests who entertain and inspire with interesting conversations about life and business. Rumors surfaced that Immediate Momentum was discussed on the show. We checked the show’s archived but did not find any episodes with the bot.

Daily Mirror

The Daily Mirror is a tabloid publication with various business, politics, sports, and gossip columns. Businesses often feature in the publication to get in front of more potential customers. Rumors arose claiming that Immediate Momentum bought ad space on the publication to get more users. However, a look through past issues shows that the bot did not feature on any issue.

Has Immediate Momentum Ever Been Endorsed by a Celebrity?

Similar to rumors about Immediate Momentum appearing on TV shows, we came across claims that the bot has several running endorsement deals with various celebrities. We immediately began dismantling these claims.

Gordon Ramsay

Celebrity Chef, Restauranteur, and reality TV star, Gordon Ramsay is well known in many circles. This is why rumors spread that Immediate Momentum signed an endorsement deal with the Chef. However, after much research, we found those claims to be false.

Richard Branson

Richard Branson is the billionaire founder of the Virgin Galactic group. Rumors claimed that the business mogul invested in Immediate Momentum during the company’s early stages. However, our findings prove that this claim is also false.

The founder of forward-thinking startups like Tesla and SpaceX is known for his love for and support of cryptocurrencies like Dogecoin. Internet forums leveraged this known fact to post claims that Elon supported Immediate Momentum because it is a crypto trading bot. However, our research shows that these claims are false.

Mark Cuban is a billionaire businessman and investor known for his role as a panelist on Shark Tank. He owns a few crypto-related businesses and has shown support for the industry as a whole. As such, rumors arose that Immediate Momentum is one of the companies he invested in through the show. However, research through the show’s archives as well as his public portfolio shows that he never invested in the bot.

Jeff Bezos

Jeff Bezos is the founder of Amazon and an avid investor with an impressive portfolio of companies. He has expressed some interest in cryptos in the past but it has never moved to the forefront of his investing strategy.  Hence, all rumors about him endorsing Immediate Momentum are false.

Martin Lewis

Martin Lewis is the founder of the popular finance site, MoneySavingExpert.com. His personal finance tips and techniques have made him a popular name in the personal finance space. As such, rumors arose that he endorsed Immediate Momentum both personally and on his site. However, a look through his site and personal public statements did not reveal any endorsement.

Peter Jones

Peter Jones is a British billionaire and panelist on Dragon’s Den, a British business show. Being a tech billionaire, rumors arose that Immediate Momentum was one of his acquisitions. However, our research shows that this is simply not true.

5 Tips for Using Immediate Momentum Safely and Managing Risk

Looking to manage your risk effectively? The following tips can help you out a great deal.

Start Small

Do not risk more than you can afford to lose. You shouldn’t use a trading bot if you cannot afford to lose the minimum $250 deposit needed to start trading. The crypto market is volatile; even bots get liquidated due to wild price swings in trading decisions.

Always start with the minimum $250 deposit to start trading. Do not use all the capital on one trade. Take advantage of the leverage facility and use small portions at a time until you refine your strategy and build confidence.

Keep a Record for Tax Purposes

Countries have begun implementing crypto tax laws, so you’ll need to find out what your tax rate is, how to file, and document your trades so that you have accurate info and a reference.

Documenting your trades will also help you refine your strategies as you’ll be aware of your strengths and weaknesses.

Use Demo Account to Test Strategies

When signing up with a new trading bot, always use the demo account first. When implementing a new strategy, always use the demo account. When making changes to a new strategy, use the demo account. When trading a new market or pair, first use the demo account.

The demo account is a valuable trading tool to help you increase your likelihood of success.

Set Part of Your Profits Aside

Setting profits aside involves two aspects. The first is taking profit when trades become positive, and the second is taking profits away from your trading account. While growing your account is a good way to increase your margins, you may want to remove some to create a financial cushion in case unexpected events on your trading journey happen.

Follow Expert Advice

To be a successful trader, you must be in the know, and this involves finding more experienced people with trading skills in the investment world, reading research reports, and even listening to people with opposing views and analyses for investment education. Firstly, this will help you grow in your knowledge of the market and will allow you to absorb as much information as possible, which will help your analysis and make informed decisions.

How to Use Immediate Momentum - Step-by-Step Guide

To begin using Immediate Momentum:

1. Register for an account on Immediate Momentum

Navigate to the Immediate Momentum website and create an account by filling out the signup form with your email address, name, and phone number. You should receive a verification email or a phone call from a customer rep to walk you through the process of setting up your account.

2. Complete the registration form

Completing registration involves submitting KYC documents like an ID and proof of address. This process is not long and can be done within a few minutes. Next, sign up with a broker partner, preferably one within your region.

3. Decide on a trading strategy

If you’re unsure how to create a strategy, start with the most essential parameters, i.e. preferred entry zone, profit margins, and acceptable risk percentage (stop loss).

4. Practice using the demo account

Use the demo account to test your strategy with live market data to ensure it works properly.

5. Make a deposit

Deposit at least $250 to gain access to live market features. The platform supports USD, GBP, and EUR using either a credit card or Skrill.

6. Set up automatic trading

Activate the bot’s automatic trading mode to begin executing your strategy.

Immediate Momentum Assets, Market, and Options

What assets can you trade using Immediate Momentum?

Immediate Momentum supports 10+ cryptocurrencies, including majors like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA), EOS, and Ripple (XRP). However, the bot uses CFDs to trade them, and the crypto-fiat combinations allow it to create more than 20 pairs.

CFDs also allow traders to place long and short trades and use leverage facilities simultaneously.

What leverage trading options are there with Immediate Momentum?

Immediate Momentum offers a leverage facility of 5000:1, which means that traders can place trades that are 5000x more than their capital. In our experience, leverage this high is a recipe for disaster, especially in the hands of novice traders.

If you must use all the leverage, you may want to set tight stop losses. This leverage feeds into our ethos of not trading more than you can afford to lose.

What are the spreads on Immediate Momentum?

Immediate Momentum does not provide information on the spreads it charges. However, spreads are usually wider during volatile markets and narrower during more stable markets. They are also wider for more exotic cryptos and smaller for more popular coins.

Can I Use Immediate Momentum in my Country?

Our Overall Verdict of Immediate Momentum

Immediate Momentum is a good trading partner thanks to its AI-powered algorithm and automated trading mode. The bot has a claimed 85% success rate, and while we do not expect that to be an average, we’ve found that the bot generates enough profit to be sustainable.

The bot is also free to use as it does not charge deposit, withdrawal, or trading fees. It does add a makeup to the spread, but it doesn’t affect the cost of your trading.

To maximise the bot’s potential, you’ll need to develop some skills and disciplines, like inputting more effective trade strategies, managing risk, and starting small.

Also, be cautious about the leverage you use when trading, and remember not to put all your eggs in one basket (trade).

To open an account, sign up on the bot’s website, verify your account and deposit funds.

Review Methodology

We review crypto robots by aggregating various tests, reviews, and testimonies across the web, allowing us to give you a balanced view that accounts for multiple perspectives. Check out our why trust us and how we test pages for more information on our testing process.

We are aware that the internet is full of false testimonies: there are several purported trading robots out there that are, in fact, scams. For this reason, we find it important to compare information from across the internet in our Immediate Momentum review.