Immediate Wealth Review
As the founder and operator of the successful crypto blog aescher-ai.ch, I share my in-depth knowledge of shares, ETFs, cryptocurrencies and much more. Thanks to my academic background in finance, my many years of professional experience in the investment sector and my practical expertise as an active trader, I combine the ideal prerequisites for competently analysing and evaluating the financial markets.
In today's article, I would like to introduce the Immediate Wealth trading platform and share my personal experiences in a detailed test report. This relatively new platform promises an easy introduction to algorithmic crypto trading and could therefore be of interest to beginners and experts alike.
Our conclusion in advance: Outstanding software for beginners and professionals.
To the Immediate Wealth website "
In the following, I will take a step-by-step look at the most important functions of Immediate Wealth: From registration and deposit to the automated trading bot and customer support. I will pay particular attention to the user-friendliness, reliability and general suitability for beginners. Finally, I summarise the advantages and disadvantages and give a personal assessment of the platform.
What is Immediate Wealth?
Immediate Wealth is a relatively new trading platform that specialises in the algorithmic trading of cryptocurrencies. Its unique selling point is the integrated AI algorithm, which generates trading signals fully automatically and executes transactions on behalf of the user.
Overview of the trading platform
The Immediate Wealth platform is aimed at both beginners with no prior knowledge and experienced traders. The user interface is clearly laid out and makes it easy to get started. In addition to German, other languages such as English are also available.
An account can be opened, deposits made and the automatic trading bot configured via the website or the mobile web app. This then trades completely autonomously with the deposited capital. This may allow you to make profits without having to take action yourself.
A special feature of Immediate Wealth is the free demo account. Here, even complete beginners can familiarise themselves with how the platform works and the algorithm logic risk-free before investing any real money.
Overall, Immediate Wealth makes a solid impression on me. The transparency of costs and fees is exemplary and the multilingual support makes the platform stand out from the crowd. I will go into these aspects in more detail later in my detailed experience report.
Registration and login
As already mentioned, Immediate Wealth is aimed specifically at beginners with no prior knowledge of finance or crypto. Accordingly, an account can be created quickly and easily.
Steps for registration
Registration takes place directly on the Immediate Wealth website and only requires a few details such as e-mail address, password and telephone number. The process is completed in just a few minutes.
It should be emphasised that no documents or identification procedures are required. All you receive is an e-mail to verify the address you provided. After clicking on the link, registration is complete.
No other trading platform is faster to log in to. You just need to be patient when logging in for the first time after registration. In my test, I had to wait about 5 minutes until the access actually worked.
Tips for beginners when registering
For beginners without experience with other brokers or platforms, my advice is: Don't be afraid to register with Immediate Wealth! No great technical knowledge or documentation is required.
Here are the most important tips:
- Enter real data when registering (especially e-mail and telephone number)
- Choose a simple password and save it separately
- Patience when logging in for the first time (it can take up to 5 minutes)
- Contact multilingual customer support if you have any queries
If you follow these tips, you should be able to get started with Immediate Wealth with ease.
To the Immediate Wealth website "
The importance of seriousness
Whether you are a beginner trader or a professional investor, the most important requirement for a trading platform is that it is trustworthy. At the end of the day, nobody wants to be stuck with a dubious provider or even fall victim to fraud. That's why I paid particular attention to the reliability and security of Immediate Wealth in my test.
Trustworthiness of Immediate Wealth
First of all, the platform does a lot right in terms of transparency. There are virtually no hidden fees and the costs for trades and transactions are clearly visible. In addition, the support by email, telephone and live chat is exemplary. For me, all of this points to a reputable provider.
The SSL encryption for logging in and the option for two-factor authentication should also be emphasised. This means that accounts are well protected against unauthorised access. All in all, I would rate the platform's trustworthiness as high.
Immediate Wealth - Scam or safe?
Despite the positive aspects, it should be mentioned critically that Immediate Wealth is not regulated or licensed by a supervisory authority. There is therefore no external controlling body.
This does not necessarily mean something bad, but in my opinion it increases the already existing risk component of crypto trading even further. In my opinion, extreme caution is required here, as there is no real guarantee against a possible Immediate Wealth scam or rip-off.
On the other hand, my own research does not reveal any concrete evidence of a classic scam. At least I personally did not come across a clear Immediate Wealth fake site during my extensive search.
Conclusion: A residual risk remains, even if the platform seems reputable to me. Personally, after weighing up all the pros and cons, I decided to register, but I consider it essential to only invest capital that I can cope with losing in an "extreme case".
Deposit and capital investment
Anyone who has registered as a trader with Immediate Wealth will naturally want to invest real money at some point. Here you can find out more about the deposit options and my personal tips for a considered approach.
Minimum deposit and payment methods
You can join Immediate Wealth and use the services with a minimum of just 250 euros. This relatively low hurdle also allows newcomers without a high initial budget to get started.
Payments can be made by credit card, bank transfer or even cryptocurrencies such as Bitcoin. Payments are processed via reputable payment service providers and went smoothly in my test. A positive aspect is that there are no fees for deposits - the setup is therefore completely free of charge.
Advice on responsible investing
As we all know, crypto and general stock market trading is about opportunities, but there are always risks too. My recommendations for beginners are therefore as follows:
- Do not invest too much at once
- Wait for uncertain times on the market
- Use a stop loss to limit losses
- Use a demo account for your first steps
If you take these rules to heart, you minimise certain risks and can still benefit from any profit opportunities. After all, these naturally also exist when trading in volatile markets.
By the way: In my experience, the Immediate Wealth algorithm is particularly suitable for hedging. Clever parameters can be used to clearly define the stop loss or take profit, which I will discuss in more detail later in the "Automation" section.
The role of automation
A core feature of the Immediate Wealth platform is undoubtedly the algorithmic trading bot, which makes fully automated purchases and sales based on market signals. Artificial intelligence takes the helm, so to speak, while the human trader can sit back and relax. But how exactly does this system work?
Function of the algorithmic trading bot
In principle, the bot is based on complex algorithms and market indicators that identify buy or sell signals. These can be of a technical nature (trend reversal formations, moving averages, etc.) or fundamental (company news, central bank decisions, etc.).
A major advantage of the automated system is that it operates independently around the clock - even when the human trader is asleep or the main job does not leave time for manual analyses.
The AI was able to deliver solid results in my baking tests during the preparation for this field report. However, it remains to be seen how it will perform in practice in the long term.
Setting the algorithm for optimum results
Although the software comes with default settings, experienced users can customise the bot to their own trading strategy using various parameters.
Simple sliders are used, for example, to set the maximum open positions, preferences for long or short trades, take profit and stop loss, investment level or different risk settings.
Once all the parameters have been set to personal requirements, the human trader only has to track the performance and fine-tune it if necessary. This takes considerably less time and leaves room for other things!
For beginners, I recommend starting with the basic AI settings and carefully making possible modifications. A test phase in the demo account is advisable.
To the Immediate Wealth website "
Trading and strategies
After setting up the automated trading bot, the question naturally arises: What exactly does trading on Immediate Wealth look like? Which cryptocurrencies are available and which strategies can be implemented?
Trading opportunities on the platform
First of all, Immediate Wealth has a considerable selection of tradable coins. In addition to the usual suspects such as Bitcoin, Ethereum or Litecoin, niche currencies (altcoins) such as Cardano, Polkadot or Dogecoin can also be traded.
The software itself scans the crypto market for possible opportunities and independently implements corresponding buy or sell signals. Certain predefined trading strategies are then used here, which I will discuss in more detail in the next section.
As a user, you can view the status quo of your portfolio, open orders or the history of trades at any time via the dashboard. A transparent insight is therefore provided in full.
Development of effective trading strategies
In principle, beginners should start with the robot's preset strategies, as these are based on broad data and market experience.
However, advanced traders can select or combine their own indicators or customise parameters such as take profit, stop loss, leverage products and investment share.
Examples of possible strategies are trend-following models, counter-trend or anti-cyclical trading, technical formations, quantitative indicators, etc. There are no limits to creativity here. There are no limits to creativity here, although I would advise caution with theories that are too outlandish.
At the end of the day, the algorithms have to work in practice and not just "on paper". I can therefore only recommend that every strategy, no matter how innovative, should first be extensively backtested and optimised if necessary.
Risks and opportunities
Every reasonably experienced investor knows that the stock market, and the crypto market in particular, harbours other risks in addition to losses due to strong price fluctuations. This experience report therefore naturally also takes a critical look at the downsides and ways of counteracting them.
Potential gains and losses
First of all: trading cryptocurrencies always harbours the opportunity for high profits, but also the risk of significant losses. As an active investor for many years, I must urge caution and a realistic view at this point. Yes, you can win a lot - but the opposite is just as possible. This volatility must be factored into every investment decision. To a certain extent, it is the price you pay for the lure of high returns.
In my opinion, stop-loss concepts are helpful here in order to at least secure profits that have already been realised or to maximise losses. The Immediate Wealth algorithm also allows such hedging.
Risk management in crypto trading
In addition to volatility, there are of course other dangers lurking when trading Bitcoin & Co: Hacker attacks on digital exchanges or wallets are just as much a part of this as the risk of fraud by dubious providers.
To minimise this, you should therefore not only operate the bot with caution and technical understanding, but also pay attention to the following aspects:
- Careful selection of the trading platform (as described in this article)
- Activate two-factor authentication
- Secure storage of coins in cold wallets
- Continuous training on current developments
- Defensive money management
- Compliance with legal requirements
Those who act according to these principles will never minimise all risks, but they can do a lot to improve security, at least on a personal level. The aforementioned points of two-factor login, cold storage and defensive money management are particularly worth emphasising here.
In the end, of course, it remains a balancing act between risk and reward - even with the best preparation, this can never be completely ruled out.
Use of the demo account
A demo account or training mode for risk-free testing is common with most brokers but still not a matter of course with crypto platforms. Immediate Wealth scores points here with an unlimited simulation account.
Advantages of the demo account for beginners
The demo account is worth its weight in gold, especially for beginners without much experience. Here they can explore the trading platform and the algorithm under real conditions, but without investing their own capital.
Ideal for testing initial trading strategies, experimenting with indicators or parameters and getting a feel for potential profits and losses. This not only trains the handling of Immediate Wealth, but also sharpens the eye for concrete opportunities and pitfalls on the volatile crypto markets.
Transition from demo to real money account
Once you are familiar with the simulation account, I recommend that beginners start with a small amount of capital. Here you can gain your first trading experience - of course now with the chance of real profits, but also with a real risk of loss.
If successful, the investment can be gradually increased. In addition to automation, it remains important to make your own observations, adapt strategies if necessary and build up a technical understanding.
Because as good as the algorithm may be, without control and certain knowledge there is a risk of errors or nasty surprises. Hence my advice to keep an eye on the market even with a bot.
Customer support and user experience
What use is the best trading software if you as a user encounter problems or questions and don't receive proper support? For me, the quality of customer support is an important differentiator between good and bad brokers.
Access to customer service
Here, Immediate Wealth is convincing across the board. Support is available at all times via email, telephone and live chat. All my requests during the test were answered expertly by competent staff within a few minutes at the latest.
I even received detailed answers to complex questions about algorithmic trading. In my opinion, this gives the platform great credibility.
Importance of user opinions and ratings
In addition to my own experiences, it is of course also worth taking a look at reports from other traders. Initial impressions can already be found in forums or on Google. However, the database is still quite thin due to the novelty of Immediate Wealth.
I was unable to find any particularly positive testimonials or seriously negative user opinions. However, the tendency is in a positive direction. The fact is, however, that more practical experience over a longer observation period is needed to make a final judgement.
The coming weeks and months will show whether the initial positive impression in the community will materialise.
The app and mobile trading
Even though modern trading platforms should enable mobile use: Not every provider has its own app right from the start. What does Immediate Wealth look like in this respect? Is trading also possible via smartphone or tablet?
Mobile optimisation of the platform
Although the still young company does not offer a separate iOS or Android app for download, the Immediate Wealth website is fully optimised for mobile devices.
All functions and menus are responsive and allow unrestricted access on the move - both for trading and account management.
Differences between web and mobile version
During my test, I was unable to identify any notable limitations or differences to the desktop website.
Only a few additional charting tools are available in the browser version, which cannot be used on the smartphone. Otherwise identical functionality and full range of functions.
All in all, the mobile trading platform fully fulfils its purpose - a separate app would be more of a "nice-to-have" here.
To the Immediate Wealth website "
Conclusion and outlook
After putting the Immediate Wealth trading platform through its paces over the last few weeks, I would now like to draw a final conclusion and venture an outlook.
Summary of the Immediate Wealth experience
Overall, the still very young broker leaves a predominantly positive impression, which still has room for improvement, but already represents a solid basis, especially for beginners.
The transparency of costs and fees, user-friendliness and multilingual support by email, chat and telephone are definitely positive. The integration of a demo account is also anything but a matter of course.
I am somewhat sceptical about the lack of regulation - at least some additional information would be desirable here. Otherwise, the design and functionality of the platform make me want more.
As a regulated financial services provider, I always advise you to only invest amounts that would not jeopardise your existence. Under this premise, however, risk-conscious trading activities can definitely be promising.
Future updates and developments
As the trading software is still in the early stages of development, various improvements and updates can of course be expected in the future.
For example, a native app for iOS and Android for more convenient mobile use would be conceivable. Even more granular customisation of the algorithm also seems possible. Various strategies can already be mapped and automated using individual parameters.
I also find the limited use of AI exciting. Deep learning and neural networks could potentially lead to even more accurate prediction models in the future and therefore more profitable trades.
Of course, it remains to be seen whether these ideas will actually be implemented - but one thing is certain for me: I will definitely be keeping an eye on the development of Immediate Wealth.
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.