Immediate Momentum is a crypto trading bot that leverages AI technology to automate the crypto trading process, which includes analysis, execution, and trade management, to help traders increase efficiency and profitability.
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The bot is one of many that have become popular for their ability to return significant gains to even the most novice traders. However, not all crypto trading bots live up to their claims. Is Immediate Momentum one of them?
Our Immediate Momentum review dives into the inner workings of the bot’s trading platform, exploring its pros and cons, factors to consider before using it, whether it is legit, and whether the Immediate Momentum platform is worth your time.
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.
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.
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Top 8 Key Features of Immediate Momentum
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
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.
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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.
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.
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