Immediate Fortune Review
Immediate Fortune is a cryptocurrency trading platform that purports to offer a form of automated trading software. If true, this means that the software trades cryptocurrencies on behalf of its registered users.
In this Immediate Fortune review, we outline how the platform works according to the website and what key features it offers. We also investigate whether Immediate Fortune is legitimate - based on our general research. Potential traders should also conduct their own due diligence.
Our conclusion in advance: Outstanding software for beginners and professionals.
To the Immediate Fortune website "
What is Immediate Fortune?
Immediate Fortune claims to offer automated software that can trade cryptocurrencies such as Bitcoin and Ethereum. The software allegedly trades based on the settings specified by the user.
The Immediate Fortune website describes itself as a trading platform that provides access to cryptocurrencies.
These include Bitcoin (BTC) and some of the best altcoins. For example Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).
Immediate Fortune claims to have developed proprietary software that can automate the buying and selling process. Our Immediate Fortune test revealed that the software is powered by artificial intelligence and machine learning - two of the hottest emerging technologies.
However, the Immediate Fortune software is not open source, so we were unable to verify the specific technological framework. Nevertheless, the main concept is that the software trades cryptocurrencies on behalf of users.
But first, users must define their trading parameters. This helps the Immediate Fortune software to understand the user's risk behaviour and long-term trading goals. Importantly, Immediate Fortune does not execute cryptocurrency trades directly.
Instead, it is reportedly compatible with cryptocurrency exchanges via an API, which may include platforms that offer contracts for difference (CFDs), depending on the trader's location. This would allow Immediate Fortune users to trade in cryptocurrencies with leverage.
But keep in mind that cryptocurrency CFDs are not available in all countries - including the US and Hong Kong. Our Immediate Fortune test also revealed that the registration process is quick and straightforward. However, there is a minimum deposit of 250 US dollars - which may not appeal to all users.
To the Immediate Fortune website "
Main features of the platform
Here is a summary of our Immediate Fortune test, which covers the most important advantages and disadvantages:
Advantages:
- Access to the trillion-dollar cryptocurrency markets
- No prior knowledge required, according to the Immediate Fortune website
- Automated software claims to trade cryptocurrencies on behalf of registered users
- Supports some of the best cryptocurrencies to buy - including Bitcoin and Ethereum
- Demo facility allows users to backtest their automated trading strategies risk-free
- Available on all device types - including desktops, smartphones and tablets
- Registered users have access to 24/7 customer support
Disadvantages:
- Lack of information about the platform's fee structure
- A minimum deposit of 250 US dollars is required
- Does not publish which exchanges it is compatible with
- Some markets are traded via CFDs - which are not permitted in some countries
Technology behind Immediate Fortune
Artificial intelligence and machine learning
The platform states that its automated software is supported by artificial intelligence and machine learning. These technologies scan the cryptocurrency markets around the clock for trading opportunities.
When the software identifies a suitable trading opportunity, it will execute orders on behalf of Immediate Fortune users. However, the Immediate Fortune software does not offer a universal solution. On the contrary, users must enter their trading parameters.
Non-open source software
The Immediate Fortune website advertises automated software, but the software itself is proprietary and not open source. This means we were unable to verify the specific technological framework. Nonetheless, the main concept remains that the software trades cryptocurrencies on behalf of users.
Users should take this into account when assessing the credibility of Immediate Fortune. After all, anonymity is common in the cryptocurrency space. Ultimately, users must conduct their own research to assess the credibility of Immediate Fortune.
To the Immediate Fortune website "
Trading parameters and settings
Customised trading settings
Once set up, the Immediate Fortune software can trade automatically. The Immediate Fortune website states that the software takes positions based on the strategy set by the user.
This has advantages and disadvantages. On the one hand, the platform claims that its software runs 24/7. This allows users to trade cryptocurrencies around the clock without having to monitor the markets manually.
On the other hand, there are risks involved in trading software from the user's credit balance. If the Immediate Fortune software has a prolonged losing streak, it could wipe out the user's credit balance.
For this reason, it is essential to set up sufficient risk management tools, such as stop-loss orders.
Connection to crypto exchanges
Our Immediate Fortune test showed that the platform is connected to cryptocurrency exchanges via an API. Depending on the trader's location, these may be platforms that offer contracts for difference (CFDs).
This would allow Immediate Fortune users to trade in cryptocurrencies with leverage. However, leverage limits vary depending on various factors such as the user's location and the cryptocurrency pairs traded.
Users should consider the risks involved and only invest capital that they can realistically afford to lose.
Advantages and disadvantages of Immediate Fortune
Main advantages
- Access to the huge cryptocurrency markets
- Automated software claims to trade cryptocurrencies on behalf of users - no prior experience required
- Supports some of the best cryptocurrencies such as Bitcoin and Ethereum
- Demo mode enables risk-free backtesting of strategies
- Compatible with desktop, smartphone and tablet
Main disadvantages
- Non-transparent fee structure
- Minimum deposit of 250 US dollars required
- Anonymous Immediate Fortune Team
- Some markets are traded via CFDs, which are not available everywhere
- No guarantee for profits
Functionality of Immediate Fortune
Automated trading
Once the user has defined their preferred settings, the Immediate Fortune software can trade automatically. The Immediate Fortune website states that the software takes positions based on the strategy set by the user.
This happens 24/7 so that users can trade cryptocurrencies without having to monitor the markets themselves. However, there are risks involved, as the software utilises the user's capital.
Manual trading
Another option that Immediate Fortune offers is manual trading. This allows users to enter and exit their own trading positions.
Ultimately, the use of automated trading software does not guarantee profits in the cryptocurrency markets. Users should make full use of the backtesting facility and only proceed with money that they can realistically stake.
To the Immediate Fortune website "
Core functions of Immediate Fortune
Analysis tools
Although the Immediate Fortune website advertises automated software, it also provides access to technical analysis (TA) tools. This allows users to analyse the markets independently using price charts and technical indicators.
Backtesting function
One of the most notable features that Immediate Fortune offers is the backtesting function. This is designed to reflect actual cryptocurrency trading conditions. For example, real-time pricing and order book data.
The idea is that users can test the automated software without risking money. The user can evaluate the performance of the software in terms of profit and loss. At any time, Immediate Fortune users can customise their software to improve its capabilities.
Access to leverage
Authorised Immediate Fortune users have access to leverage. This allows users to enter into larger trades than their trading account balance allows.
However, the leverage limits vary depending on various factors such as the user's location and the cryptocurrency pairs traded.
Supported cryptocurrencies
Immediate Fortune claims to support various cryptocurrency markets. In addition to Bitcoin, this includes some of the best utility tokens. For example, Ethereum and Ripple.
Fees and minimum deposit
Fee structure
Our Immediate Fortune test revealed that the platform does not publish its fee structure. This could be because Immediate Fortune is connected to crypto exchanges via an API, each of which has its own pricing plan.
During the registration process, users can supposedly decide which exchange they want to use with Immediate Fortune. This allows users to assess which commissions, spreads and other fees are applicable.
Minimum deposit requirement
A key requirement for access to the Immediate Fortune software is a minimum deposit of 250 US dollars. The platform states that it accepts "a variety of payment methods". However, the specific deposit types are not disclosed.
Most likely, the payment methods depend on which exchange the trader chooses to use the Immediate Fortune software.
Legitimacy of Immediate Fortune
Is Immediate Fortune a scam?
It remains to be seen whether Immediate Fortune is reputable or a scam. While it doesn't make the bold claims of other crypto platforms, reviews from the public are mixed. Ultimately, users will have to do their own research.
The cryptocurrency trading markets are full of scams, so it is important to assess whether Immediate Fortune is legitimate or not. From our point of view, this is difficult to assess as the platform only publishes limited data.
Anonymity of the Immediate Fortune team
As already mentioned, our Immediate Fortune test was unable to verify who owns or operates the platform. This information is not readily available to the public.
The platform merely states that the Immediate Fortune team consists of "passionate, dedicated and experienced young entrepreneurs". While anonymity is widespread in the cryptocurrency sector, users should still proceed with caution.
Ultimately, users need to do their own research to assess the credibility of Immediate Fortune. And in reality, the only way to do this is to test the software in demo mode before launching it in real market conditions.
Customer support
24/7 support
According to the Immediate Fortune website, the platform offers support around the clock, 7 days a week.
This is offered via telephone support and e-mail. Immediate Fortune also points out that registered users have their own account manager as a partner.
First steps with Immediate Fortune
Registration and deposit
The first step is to visit the Immediate Fortune website and register an account.
The registration form requires users to enter their first and last name, telephone number and e-mail address.
The next step is to reach the minimum deposit of 250 US dollars. Payment methods vary depending on the country of residence, but often include debit/credit cards, bank transfers and e-wallets.
Settings and backtesting
Next, the user must set up their automated software. This requires users to specify their preferred settings for risk and other metrics.
The software is then tested in demo mode. The software will buy and sell cryptocurrencies with play money on behalf of the user. This means that the demo account harbours no risk.
Evaluate the results of the backtesting phase regularly. Adjust the software settings as required.
Software activation
Immediate Fortune will continue to trade in demo mode until the user activates the software. Upon activation, the software will buy and sell cryptocurrencies with the user's balance.
This option should only be selected after carefully weighing up the risk of loss.
How do I delete a Immediate Fortune account?
Immediate Fortune does not provide any information on the account deletion process.
In any case, you should ensure that the balance is fully withdrawn before the account is cancelled.
Myths and rumours
Connections to celebrities
No, Amazon founder Jeff Bezos has no connection to Immediate Fortune. All the rumours about Bezos' use of Immediate Fortune are simply not true.
Even though Elon Musk is a strong advocate of cryptocurrencies, the Tesla CEO does not use or recommend Immediate Fortune.
Martin Lewis, the founder of the British website MoneySavingExpert, is often associated with crypto platforms. However, Lewis has confirmed many times that these rumours are fraudulent. Martin Lewis has no connection to Immediate Fortune.
To the Immediate Fortune website "
Conclusion
Final judgement and recommendations
This Immediate Fortune review has examined how the Immediate Fortune platform claims to work and highlighted the risks to consider.
Immediate Fortune is likely to appeal to newcomers looking for access to cryptocurrencies - given its automated software. Users supposedly only need to select their preferred trading settings and the software will buy and sell cryptocurrencies on their behalf.
Before activating the software, users can test it in demo mode. This gives users the opportunity to adjust their settings if necessary.
However, whether this will achieve profitable results remains to be seen. Users should consider the risk of losing some or all of their investment capital. And most importantly, users should do their own research before proceeding.
Overall, Immediate Fortune offers an easy introduction to cryptocurrency trading. However, interested parties should carefully weigh up the risks and test the software extensively before using real money.
Simone Aescher is the founder and operator of the successful crypto blog aescher-ai.ch.
After studying business administration at the Frankfurt School of Finance, she gained over 5 years of professional experience in the financial sector. However, her passion has always been the financial markets and investments.
In 2019, Simone Aescher finally turned her hobby into a career and founded her blog. She shares her in-depth knowledge of shares, ETFs, cryptocurrencies and much more.
As an active trader, Simone is constantly testing new brokers, robo advisors and trading apps. With her honest product reviews, she helps her readers to separate the wheat from the chaff.
With her academic background, many years of experience and practical expertise as an investor, Simone Aescher combines the ideal prerequisites for competently analysing and evaluating the financial markets.