Review of Immediate Edge
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Immediate Edge is an online trading robot that uses algorithms and technology to facilitate automatic trading in the forex and cryptocurrency markets. There is no information on the platform’s website as to who founded Immediate Edge and when, so it is hard to give any details about the history of the service or software.
It’s similarly hard to judge how effective the robot is in terms of generating profits, as the Immediate Edge website features testimonials of people who have made huge amounts of money almost overnight, and these seem hard to believe.
In this review, we are going to analyse such claims and also research on the functionality and features supported by this robot so you can decide if it’s the right platform for you.
Pros & Cons
Pros:
Cons:
What is Immediate Edge and what can I do with it?
Immediate Edge is an automatic robot that uses Artificial Intelligence (A.I.) and algorithms in order to place automatic cryptocurrency and auto forex trades with a variety of brokers. Essentially, the robot scrapes through historical data to derive optimum entry and exit points for trades, and then places trades according to those calculations automatically in order to deliver maximum profits. It is similar to other auto trading software such as Bitcoin Code, Bitcoin Era, Bitcoin Profit and Bitcoin Revolution.
Immediate Edge also provides the option of manual trading to its users. Any seasoned trader can manually specify the exact conditions at which they wish to open and close trades, and the robot will then enact these instructions as the market fluctuates. The robot monitors and scans the market 24/7, and once any of the conditions are triggered it will automatically place the specific trade.
Is Immediate Edge legit?
Yes, Immediate Edge is a legit robot, but users should proceed with caution when using it. Our research suggests that users are satisfied and have benefited from the services of this robot, but claims on the website of massive profits with little to no effort seem implausible. Additionally, any news of endorsements made by famous personalities pertaining to the robot are very likely to be completely fake.
Even if you’re an experienced trader and want to use a sophisticated tool for the purpose of trading, it’s always best to do your research. In the cryptocurrency market there is no guarantee for profits and market fluctuations can often be quite large, putting your capital at risk – especially if using a robot service that automatically executes trades.
How does Immediate Edge work?
According to its website, Immediate Edge has integrated its platform with other prominent cryptocurrency exchanges and brokers, to which it connects by using an API. Upon extracting data and selecting the trades it wants to make, the robot sends trading signals to these platforms which then buy or sell the amount of cryptocurrency specified.
While its website claims that the robot has an accuracy rate of 99%, this strikes us as too good to be true and isn’t backed up with clear evidence. Some external resources that have experimented with this platform have predicted the real figure to be 82% – but again this is hard to verify.
Immediate Edge key questions, answered!
Which brokers can I use with Immediate Edge?
As per the robot’s website, it has partnered with prominent cryptocurrency exchanges such as Binance, Coinbase, Poloniex, Kraken, and Bittrex. It also enables forex trading using brokers like 24option and UFX.
What cryptocurrencies are supported on Immediate Edge?
Since Immediate Edge has partnered with popular crypto exchanges, the robot should be able to handle almost any cryptocurrency trades. However, the following four cryptos are all that are listed on the platform:
Can I use Immediate Edge on mobile and desktop?
Yes. The trading bot can be used on any desktop or mobile operating system. A mobile app is unavailable, but as long as you have a browser and an internet connection you can access Immediate Edge’s services.
Can I trade assets with leverage?
Yes, some brokers or exchanges associated with Immediate Edge offer leveraged trading so this should be possible – although the platform doesn’t directly list any parameters as to the leverage it offers traders. External resources suggest that leverage of 1:1000 is offered by brokers partnered with Immediate Edge.
Please note that leverage trading in cryptocurrency is highly risky as markets are highly volatile and should only be done by expert traders. Trading with leverage can create large losses very quickly if the market goes down, and this can pose a severe threat to your capital.
Can I open long and short positions with Immediate Edge?
Yes. As Immediate Edge facilitates margin trading, a trader can open long and short positions in a trade.
If you’re new to trading, taking a long position is when you bet on the price of an asset or currency increasing, and a short position is the opposite: you think the market will fall.
What are the payment methods and withdrawal/deposit limits?
To start trading on Immediate Edge, you need to deposit a minimum of $250 in your account. You can do this in a variety of ways, with the available methods including credit card, debit card, bank transfers, Skrill, and Klarna.
There are no limits to withdrawals that occur through your broker’s account, but the process takes up to 48 hours for the money to arrive in your bank account.
Are there any costs and fees involved?
Immediate Edge says it does not levy any fees or commission on using services of the robot.
How do I withdraw money from Immediate Edge?
Immediate Edge allows users to withdraw money whenever they want, including on a daily basis. In order to do so, a user needs to fill a withdrawal form on the robot’s fund management page. The withdrawal amount will directly be reflected in your given bank account within 48 hours.
What is the registration and verification process?
Registration requires filling your name, email address, contact number, and setting a password. Once you have applied for registration, an email is sent to your inbox for verification. The process is completed when you click on the link they send you in order to verify your account.
At the stage of registration, you do not need to submit any identification documents, but please note that registering and accessing this robot’s services is only possible if partner brokers provide services in your country.
What is Immediate Edge customer service like?
Prior to registration, there are no available means to contact the robot or its support team. After registration, you can access their customer service 24/7 via live chat and phone calls.
How to trade with Immediate Edge
Immediate Edge offers traders an intuitive dashboard that is user-friendly on a computer or laptop’s browser – it works on mobile, but is not optimised for use on smaller screens. Any trader can access their open or live trades from the trading history tab.
In addition to this, a trader can also set parameters like daily limit and stop limit for any cryptocurrency asset traded by the robot. The entire track record of profits and losses over time are also available from the dashboard.
A trader can also use demo trading in order to acquaint with the robot’s dashboard. However, the option of demo trading depends upon the broker you are connected to on Immediate Edge.
How to open an account with Immediate Edge
- Step 1: Registration – The first step is to register by providing your basic details, such as email address and phone number. At this point, you are not required to provide any proof of your identification or residence. Once the robot has verified your account, you can simply log in to Immediate Edge in order to access the dashboard.
- Step 2: Deposit Funds – Now a trader needs to fund a minimum deposit of $250 in order to activate options for auto trading or manual trading. You can also use the demo account depending upon its availability in reference to the broker you are connected to.
- Step 3: Trade – A trader can now select the option for auto trading, in which case the entire control remains in the hands of the robot. Alternatively, an experienced trader can enable manual trading that allows them to place trades as per the specified criteria.
Our top robot trading tips for beginners
People should familiarise themselves with knowledge of both trading and cryptocurrencies before signing up for services such as Immediate Edge. Trading cryptocurrencies is complicated, and these are the five steps our experts recommend should be followed.
- Learn about trading before you use a robot. If you are a beginner, make sure that you understand the basic schematics of cryptocurrency trading before choosing to use any robot. An expert can use this as a tool to fine-tune their trading strategy, but just because the service is automated it doesn’t mean you should use it with no knowledge.
- Learn more about cryptocurrencies. Before trading a cryptocurrency, such as Bitcoin, you should make sure you have a good knowledge of it and its value.
- Use the demo account to practice. It is advisable that whenever you sign up to a new platform you use their demo account to familiarise yourself with the services offered. This way you can set up trades and assess your trading performance before putting your hard-earned cash into the system.
- Try with small amounts and build up gradually. Always start trading in a small amount and gradually build your trading portfolio. Take out a certain percentage of profit each time so as to lower the risks. Trading success doesn’t happen overnight, and by keeping an eye on the long term you’ll have a better chance at maximising the growth of your investments.
- Only invest what you can afford to lose. The first and the last rule of trading is only invest what you can afford to lose. The market of cryptocurrency is extremely volatile and money can be made and lost quickly, so ensure you don’t take unnecessary risks.
Conclusion
Immediate Edge’s automatic trading robot makes a variety of impressive claims about the effectiveness of its trading software and the success it has brought to its users, but we couldn’t find any hard evidence to back up these assertions. It’s always a good idea to be sceptical of a service that tells you that it’s possible to make $1,000s a day with an investment of just $250 and no additional work.
That being said, experienced traders can find Immediate Edge’s software useful as part of a broader trading strategy – as it is possible to programme the robot to scan the market and only enact specific trades. By setting up the robot in this way, a trader can ensure that their strategy is working 24/7.
Any trader should never completely rely on the robot completely as a way of generating profits from cryptocurrency trading. If you are new to trading cryptocurrency, this becomes all the more relevant, and it’s always good to have a diverse range of crypto investments so as to protect yourself from market volatility. This becomes especially true if you are considering leveraged trading, which is something that should only be attempted by experienced traders.
FAQs
Immediate Edge does indeed offer automated cryptocurrency trading services, but at the same time makes some bold and unverified claims about the effectiveness of the robot. The platform uses technology like AI to facilitate automated trading in the cryptocurrency industry, scanning a vast amount of data to identify profitable trades in the market. Once it finds a suitable trade, the robot automatically places that trade using a partnered broker platform.
The way it markets itself, however, is very misleading. Its website showcases famous personalities like Bill Gates as an effort to lure users, but in reality no such celebrities have endorsed Immediate Edge. The platform also professes to generate thousands of dollars in profits with cryptocurrency trading in short spaces of time, but each trader should conduct their own due diligence instead of believing such claims – which sound too good to be true.
Yes, the process of account registration and verification on Immediate Edge is easy and quick. On their form you are required to submit your details including name, contact number, and email address. The verification of your account is done within 30 minutes, and you’re able to start trading as soon as this is complete. Please note that some countries are excluded from using this robot, and you will receive an error message if this is the case for the country in which you live.
No, withdrawals happen in fiat currency. The process of withdrawals is not carried out from the robot’s platform, but from the broker with which Immediate Edge is partnered. Users need to withdraw their funds from the partnered broker’s account, and as these brokers trade crypto using CFDs, the payouts are made via fiat currencies transferred into your bank account.
Immediate Edge allows users to access automated cryptocurrency trading, but does indulge in marketing practices that overstate its effectiveness. Also, please note that there are no famous personalities associated with Immediate Edge directly or indirectly, despite the claims made on the website.
In terms of it functioning as an automated trading robot, yes. However, it is highly unlikely that Immediate Edge is as effective as it claims in generating profits. Its website claims the robot has a success rate of 98.9%, but this sounds too good to be true and is not verified.
There are no fees or commission for using services of Immediate Edge. This being said, a fee is generally levied through the broker food executing cryptocurrency trades on its platform, so you might find there are broker fees to pay when withdrawing your funds.
Before deleting your Immediate Edge account, you first need to withdraw your money from the broker’s platform into your bank account. Once the funds have been deposited in your bank account, you can place a request to delete your account on both the broker’s platform and the Immediate Edge website.
It isn’t clear who owns Immediate Edge. External websites have numerous theories on the team operating behind the Immediate Edge robot, but its official website does not have any information pertaining to its founders or team members. We were also unable to gather sufficient data on who owns the robot.
