By Immediate Fortune Review – Scam or Legitimate Trading Software
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content
Immediate Fortune is a cryptocurrency trading platform that claims to offer a form of autonomous trading software. If accurate, that would mean 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 explore whether or not Immediate Fortune is legitimate – based on our general research. Prospective traders should also do their own due diligence.
Immediate Fortune Summary
Before delving into our Immediate Fortune review, check out our key findings below:
| Supported Crypto | Bitcoin, Ethereum, Litecoin, Ripple, and other leading cryptocurrencies |
| Claimed Success Rate | Not Specified |
| Available on Mobile? | Yes, via standard mobile web browsers |
| Fees | No mention of its fee model structure |
| Customer Support | 24/7; but only for those who register |
| Withdrawal Speed | Not stated |
| Minimum deposit | $250 |
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection
What is Immediate Fortune?
Immediate Fortune claims to offer automated software that can trade cryptocurrencies like Bitcoin and Ethereum. The software allegedly trades based on the user’s predefined settings.
The Immediate Fortune website describes itself as a trading platform that offers exposure to cryptocurrencies.
That includes Bitcoin (BTC), and some of the best altcoins. For example, Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).
Immediate Fortune claims to have built proprietary software that can automate the buying and selling process. Our Immediate Fortune review found that the software is backed by artificial intelligence and machine learning – two of the hottest emerging technologies.
That said, the Immediate Fortune software is not open source, so we were unable to verify the specific technological framework. Nonetheless, the main concept is that the software will trade cryptocurrencies on behalf of users.
But first, users are required to set up their trading parameters. This helps the Immediate Fortune software understand the user’s appetite for risk and their long-term trading objectives. It is important to note that Immediate Fortune does not directly execute cryptocurrency trades.
Instead, it reportedly is compatible with crypto exchanges via an API, which depending on the trader’s location may include platforms that offer contracts-for-differences (CFDs). This would enable Immediate Fortune users to trade cryptocurrencies with leverage.
But do remember that cryptocurrency CFDs are not available in all locations – including the US and Hong Kong. Our Immediate Fortune review also found that the registration process is fast and hassle-free. That said, there is a minimum deposit requirement of $250 – which may not appeal to all users.
Immediate Fortune Pros and Cons
Here’s a summary of our Immediate Fortune review, covering its key pros and cons:
Pros
- Gain exposure to the trillion-dollar cryptocurrency markets
- No prior experience is necessary, according to the Immediate Fortune site
- 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 enables 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
Cons
- Lack of information about the platform’s fees
- A minimum deposit of $250 is required
- Does not publish which exchanges it is compatible with
- Some markets are traded via CFDs – which are not permitted in some countries
How Does Immediate Fortune Work?
Put simply, Immediate Fortune is a cryptocurrency trading platform that offers automated software. This means that users can trade cryptocurrencies without manually entering or exiting positions.
The platform states that its automated software is backed by artificial intelligence and machine learning. These technologies will scan the cryptocurrency markets around the clock looking for trading opportunities.
When the software identifies a suitable trade, it will enter orders on behalf of Immediate Fortune users. That said, our Immediate Fortune review found that the software does offer a one-size-fits-all solution. On the contrary, users are required to input their trading parameters.
This might include which specific coins to trade and how much risk users are comfortable taking. Our Immediate Fortune review also found that the platform offers a demo facility. This enables users to backtest the software with risk-free funds.
Like most demo accounts, this should reflect actual cryptocurrency trading conditions. Users can activate the automated software at any time, but this means risking their own trading balance. As such, Immediate Fortune users should consider the risk of losing money before proceeding.
As noted earlier, a minimum deposit of $250 needs to be made when registering. This provides access to the Immediate Fortune software and demo accounts. Another option offered by Immediate Fortune is manual trading. This allows users to enter their own trading positions.
Ultimately, relying on automated trading software does not guarantee profits from the cryptocurrency markets. Users should make full use of the backtesting facility and only proceed with money they can realistically afford to use.
Immediate Fortune Key Features
One of the key features of Immediate Fortune is its backtesting tool. This enables users to test their automated software in real crypto market conditions – but without risking funds.
In this section of our Immediate Fortune review, we cover the platform’s core features.
Analysis Tools
Although the Immediate Fortune website advertises automated software, it also provides access to technical analysis (TA) tools. This enables users to independently research the markets through pricing charts and technical indicators.
Backtesting Facility
One of the most notable features offered by Immediate Fortune is its backtesting facility. This should mirror live cryptocurrency trading conditions. For example, real-time pricing and order book data.
The idea here is that users can test the automated software without risking any money. The user can assess the software’s performance, in terms of profit and loss. At any time, users can adjust their Immediate Fortune software to improve its capabilities.
Access to Leverage
Eligible Immediate Fortune users will have access to leverage. This enables users to enter larger trades than their exchange account balance allows.
However, leverage limits will vary depending on various factors, such as the user’s location and the cryptocurrency pairs being traded.
Automation
Once the user has set up their preferred settings, the Immediate Fortune software can trade automatically. The Immediate Fortune website states that the software will enter positions based on the user’s predefined strategy.
This comes with both pros and cons. On the one hand, the platform claims its software operates 24/7. This enables users to trade cryptocurrencies around the clock without needing to manually watch the markets.
But equally, allowing software to trade from the user’s balance is fraught with risk. Crucially, if the Immediate Fortune software goes on a prolonged losing streak, it could wipe out the user’s balance.
This is why setting up sufficient risk-management tools is essential, such as stop-loss orders.
Supports Various Cryptocurrencies
Immediate Fortune claims to support various cryptocurrency markets. In addition to Bitcoin, this covers some of the best utility tokens. For example, Ethereum and Ripple.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection
Immediate Fortune Account fees
Our Immediate Fortune review found that the platform does not publish its fee structure. This could be because Immediate Fortune connects via API to crypto exchanges, each with its own pricing schedule.
| Trading Fee | Not stated |
| Account Fee | Not stated |
| Commission | Not stated |
| Withdrawal/Deposit Fee | Not stated |
During the registration process, users can reportedly decide which exchange to use Immediate Fortune on. This will enable users to assess what commissions, spreads, and other fees are applicable.
Immediate Fortune Minimum Deposit
A key requirement for accessing the Immediate Fortune software is making a minimum deposit of $250. The platform states it accepts a “variety of payment methods”. But the specific deposit types are not published.
The likelihood is that payment methods depend on which exchange the trader opts to use.
Is Immediate Fortune a Scam?
It remains to be seen whether Immediate Fortune is legit or a scam. While it doesn’t make bold claims like other cryptocurrency platforms, reviews in the public domain are mixed. Ultimately, users should do their own research.
The cryptocurrency trading markets are awash with scams, so it’s important to evaluate whether or not Immediate Fortune is legit. In our view, this is difficult to assess, considering the limited data published by the platform.
- For example, Immediate Fortune does not state its historical win rate or past performance.
- Nor does it publish its trading history.
- This could be because its automated software only makes trades based on the user’s predefined settings.
- As such, the performance of the software can vary from one user to the next.
Another potential issue is with the anonymity of the Immediate Fortune team. It remains to be seen who owns or operates the platform – so this risk should be taken into account.
That said, some of the most successful cryptocurrency projects were created by anonymous developers. This includes Bitcoin – the world’s largest cryptocurrency by market capitalization.
Ultimately, users will 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.
But to access the demo facility, users still need to deposit a minimum of $250. Users should assess whether they can afford to lose their deposit amount, considering the volatile and risky nature of cryptocurrency trading.
Also see our reviews of the best crypto trading bots for some possible alternatives to Immediate Fortune.
Immediate Fortune Customer Support
According to the Immediate Fortune website, the platform offers support 24 hours per day, 7 days per week.
This is offered via telephone support and email. Immediate Fortune also notes that registered users are partnered with their own account manager.
How to use Immediate Fortune?
At this point of our Immediate Fortune review, we have covered the platform’s key features, benefits, and risks.
Now let’s explore how to use Immediate Fortune for the first time.
Step 1 – Register an Immediate Fortune Account
The first step is to visit the Immediate Fortune website and register an account.
The registration box requires users to enter their first and last name, telephone number, and email address.
Step 2 – Deposit Funds
The next step is to meet the minimum deposit requirement of $250.
Payment methods will vary depending on the country of residence, but often include debit/credit cards, bank wires, and e-wallets.
Step 3 – Choose Settings and Backtest the Strategy
Next, the user will need to set up their automated software. This requires users to specify their preferred settings surrounding risk and other metrics.
Then, backtest the software in demo mode. The software will buy and sell cryptocurrencies on behalf of the user with paper funds. This means the demo account doesn’t invite any risk.
Evaluate the results of the backtesting stage regularly. Adjust the software’s settings as and when needed.
Step 4 – Activate Software
Immediate Fortune will continue trading in demo mode until the user activates the software. In doing so, the software will buy and sell cryptocurrencies with the user’s balance.
This option should only be selected after carefully considering the risk of loss.
How to Delete an Immediate Fortune Account?
Immediate Fortune does not provide any information on the account deletion process.
Either way, just make sure that the balance is withdrawn in full before asking for the account to be deleted.
Does Jeff Bezos Use Immediate Fortune?
No, Amazon founder Jeff Bezos does not have any affiliation with Immediate Fortune. Any rumors about Bezos using Immediate Fortune are simply not true.
Does Elon Musk Use Immediate Fortune?
Although Elon Musk is a strong proponent of cryptocurrencies, the Tesla CEO does not use or endorse Immediate Fortune.
Does Martin Lewis Use Immediate Fortune?
Martin Lewis, the founder of the UK’s MoneySavingExpert website, is often linked with cryptocurrency platforms.
However, Lewis has confirmed many times that these rumors are fraudulent. As such, Martin Lewis has no affiliation with Immediate Fortune.
Who is the Founder of Immediate Fortune?
As noted earlier, our Immediate Fortune review was unable to verify the owner of the platform. This information is not readily available in the public domain.
The platform simply states the Immediate Fortune team consists of “passionate, driven, and experienced young entrepreneurs“. While anonymity is common in the cryptocurrency arena, users should still tread with caution.
Immediate Fortune Payment Methods
Immediate Fortune does not list the payment methods that it accepts.
However, considering that payments are likely processed by the cryptocurrency exchanges users make use of the Immediate Fortune software on, this could include debit/credit cards, bank wires, and/or e-wallets.
The Verdict
This Immediate Fortune review has explored how the Immediate Fortune platform claims to work and the risks to consider.
Immediate Fortune will likely appeal to beginners seeking exposure to cryptocurrencies – considering its automated software. Users reportedly simply need to choose their preferred trading settings, and the software will buy and sell cryptocurrencies on their behalf.
Before activating the software, users can backtest it in demo mode. This gives users the opportunity to tweak their settings when needed, according to the Immediate Fortune Website.
However, whether or not this will yield 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.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection
References
- https://www.ibm.com/topics/artificial-intelligence
- https://www.ibm.com/topics/machine-learning
- https://uk.finecobank.com/newsroom/cfd-legal/
- https://coinmarketcap.com/
- https://coinmarketcap.com/currencies/bitcoin/
Immediate Fortune FAQs
What is Immediate Fortune?
Immediate Fortune claims to be a cryptocurrency trading platform with proprietary automated software, backed by artificial intelligence and machine learning. It offers little information as to how they work exactly.
Does Elon Musk endorse Immediate Fortune?
No, Tesla founder and now Twitter owner Elon Musk does not endorse Immediate Fortune – nor does the platform claim this is the case. The billionaire has only ever mentioned Bitcoin and Dogecoin, but no specific trading platforms that he used to invest in cryptocurrency.
