Looking to actively trade cryptocurrencies but don’t have the required time or experience? If so, Immediate Fortune could be worth considering and is currently trending online in trading circles.
But is Immediate Fortune legitimate and safe to use?
In this Immediate Fortune review, we cover everything there is to know about this popular but as yet relatively under the radar trading platform.
Type of Platform | Manual and automated cryptocurrency trading |
Minimum Deposit | $250 |
Claimed Success Rate | Not stated |
Supported Cryptocurrencies | Bitcoin, Ethereum, Ripple, Litecoin, and more |
Mobile App | No, but offers a fully-optimized mobile website for smartphones and tablets |
Withdrawal or Deposit Fees | Not specified |
Customer Service | 24/7 |
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
What is Immediate Fortune?
Immediate Fortune is described as a more innovative form of online trading platform that specializes in cryptocurrencies. The platform offers two primary ways to trade. First, Immediate Fortune supports manual trading, enabling traders to take full control of their positions.
Alternatively, Immediate Fortune also supports automated trading. As per the Immediate Fortune website, the platform uses “sophisticated algorithms and machine learning capabilities“. In simple terms, this means that after setting up the preferred risk and reward settings, Immediate Fortune users can automate their cryptocurrency trading endeavors.
If reliable, these features could appeal to complete beginners who are yet to master technical analysis – a crucial requirement when day trading cryptocurrencies. Immediate Fortune claims to support a wide range of markets, including some of the best cryptos to buy today. This includes Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). Additionally, Immediate Fortune also enables traders to apply leverage to their positions.
Specific leverage limits may be determined by the trader’s country of residence and the exchange that Immediate Fortune tools are used on. Immediate Fortune notes that the minimum deposit is $250. The platform does not state its historical win rate. This is likely because the Immediate Fortune algorithm enters trades based on the user’s predefined settings.
Who Created Immediate Fortune?
The identity of the Immediate Fortune team is not publically available. While this might appear a red flag, it is important to remember that many cryptocurrencies operate in an anonymous market.
For instance, even Bitcoin – the world’s largest cryptocurrency, was launched by an anonymous developer.
Some of the best meme coins – like Shiba Inu, were also created anonymously.
Nonetheless, users should still consider Immediate Fortune’s lack of accountability before proceeding. Remember trading inherently involves risk, especially on lesser known platforms.
Immediate Fortune: Pros & Cons
Before continuing our Immediate Fortune review, let’s summarize the platform’s pros and cons:
Pros Cons
How Does Immediate Fortune Work?
In basic terms, Immediate Fortune is a trading platform that allows users to buy and sell cryptocurrencies. The platform is aimed at both beginners and experienced investors alike.
The first step is to open an account with Immediate Fortune, which requires some basic personal information. After that, Immediate Fortune will reportedly recommend the user a crypto exchange, depending on their country of residence.
The user will then need to decide whether they want to trade cryptocurrencies via a manual or automated strategy. If opting for the latter, users can select their preferred trading conditions. This will likely include the amount of risk the user is comfortable taking.
Before activating the automated strategy, Immediate Fortune notes that users can test it out in demo mode. This means that strategy will buy and sell cryptocurrencies with ‘paper funds’ but in live market conditions. This enables users to backtest the strategy before risking real money.
If the strategy isn’t performing as expected, users can make adjustments. According to Immediate Fortune, its automated strategy uses artificial intelligence, machine learning, and advanced algorithms. This enables the strategy to scan the cryptocurrency markets around the clock via technical indicators.
That said, there is no guarantee that the automated strategy generates profits. On the contrary, users should consider the risks of losing some or even all of their investment capital.
Which Devices Can be Used to Access Immediate Fortune?
Immediate Fortune claims that its trading platform is suitable for all device types. While it doesn’t offer a native mobile app, its website has been optimized for smartphones and tablets.
This enables users to keep tabs on their automated trading strategies in real-time. Users simply need to log into their Immediate Fortune account to access their trading dashboard.
Immediate Fortune Supported Countries
Immediate Fortune does not provide a list of eligible or ineligible countries. That said, the platform does make reference to contracts-for-differences (CFDs), which are not available in all jurisdictions.
What is the Success Rate of Immediate Fortune?
Our Immediate Fortune review found that the platform does not publish historical success rates. The reason for this is that users are required to set up their own trading parameters. As such, the success of the automated strategy will be dependent on the user’s risk and goals.
The best safeguard on offer is to initially use Immediate Fortune in demo mode. This allows users to assess whether or not their preferred settings are able to make consistent gains – without risking any capital.
But do remember that making gains in demo mode does not guarantee future success. Therefore, users should only risk what they can afford to lose when trading with real money.
Immediate Fortune Key Features
In this section of our Immediate Fortune review, we explore some of its key features.
Manual or Automated Trading
Immediate Fortune allows traders to choose from an automated or manual strategy. This gives users full control of their cryptocurrency trading endeavors.
- The manual option requires users to research the markets on a DIY basis. The user can then decide which cryptocurrencies to buy or sell.
- The automated option removes the need for users to manually place trades. When activated, the strategy will place trades on the user’s behalf – based on their preferred strategy.
As noted earlier, automated trading does not guarantee that positions will be profitable. This is why it’s crucial to backtest the strategy settings in demo mode.
Market Analysis
Immediate Fortune claims that it offers valuable insights into the cryptocurrency markets around the clock.
At the click of a button, this enables users to keep tabs on top trending cryptocurrencies.
24/7 Customer Support
We also found that Immediate Fortune offers customer support on a 24/7 basis. This is provided by email or phone, depending on the user’s preference.
Either way, having access to 24/7 support is crucial in the volatile cryptocurrency markets.
Emerging Technologies
Immediate Fortune claims to use emerging technologies to make smart trading decisions. This includes artificial intelligence and machine learning.
These technologies are associated with the platform’s automated strategy, removing the need to manually watch over the markets.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Is Immediate Fortune a Scam?
Although Immediate Fortune appears to be popular with cryptocurrency traders, it remains to be seen whether its platform is profitable. As noted earlier, Immediate Fortune does not publish historical trading data, making it challenging to know how successful its platform is.
Once again, this is likely because each automated trading strategy is tailored to the user’s risk-reward profile. That said, Immediate Fortune does advertise the ability to make “daily profits”.
But what this translates to in percentage terms is not stated. As always, users should do their own research before proceeding. Moreover, the only way of assessing the Immediate Fortune strategy is by testing it in demo mode.
We found few third party reviews on the usual platforms such as Trustpilot, Reddit, and Sitejabber – this may be due to the platform being relatively new.
What is the Minimum Deposit on Immediate Fortune
The minimum deposit at Immediate Fortune is $250. This needs to be paid before having access to its automated trading strategy. Therefore, even if opting to run the strategy in demo mode, the $250 minimum must first be covered.
That said, it appears that the deposit requirement is processed by the crypto exchange the user opts to trade on. This means that users will likely have various payment types to choose from – including debit/credit cards and e-wallets.
Immediate Fortune Customer Support
As we mentioned earlier, Immediate Fortune claims to offer customer support on a 24/7 basis. Support methods include email and phone.
We were unable to test out the Immediate Fortune support or its trading platform as most of its features are reserved for depositors.
How To Use Immediate Fortune?
Our Immediate Fortune review found that the platform is aimed at both newbies and experienced traders alike. This means the registration and trading processes are seamless.
Below, we explain how to use Immediate Fortune for the first time.
Step 1. Register on Immediate Fortune
First, visit the Immediate Fortune website. To the right-hand side of the homepage is the registration form.
Complete the form by entering a first and last name, email address, and phone number.
Step 2. Complete Registration
Next, based on the country of residence, Immediate Fortune will refer the user to a cryptocurrency exchange.
That exchange may collect some additional information, as per anti-money regulations.
Step 3. Meet the Minimum Deposit Requirement
Next, the user will need to meet the minimum deposit requirement of $250.
Choose a suitable payment method from the list of options presented. This usually includes debit/credit cards and a selection of e-wallets. But this will vary depending on the user’s nationality.
Step 4. Set up Trading Conditions
Now that the minimum deposit has been met, head back to the Immediate Fortune dashboard.
Choose the ‘Automated’ strategy and set up the risk-reward conditions accordingly.
Note: Although Immediate Fortune supports some of the best emerging cryptocurrencies, specific markets will be determined by the exchange that traders use Immediate Fortune on.
Step 5. Start With Demo Mode
Now it’s time to test the automated strategy in live market conditions via the demo platform.
The automated strategy will buy and sell cryptocurrencies on behalf of the user. Take as long as is needed to assess whether the strategy is profitable.
If it isn’t, the risk-reward settings will likely need to be adjusted.
At any time, users can switch from ‘Demo’ to ‘Real’ mode. In doing so, the automated strategy will trade with the user’s real account balance.
Once again, users should only risk what they can afford to lose.
Is Immediate Fortune Legit – The Verdict
In summary, our Immediate Fortune review has explored the pros and cons of this popular trading platform.
We found that traders can choose from a manual or automated trading strategy, with the latter often favored by beginners. Users simply need to set up their preferred trading parameters, including their risk tolerance.
Users can then test the automated strategy in demo mode using risk-free funds. But do note that users must meet a minimum deposit of $250 to access the Immediate Fortune platform.
Moreover, Immediate Fortune does not publish historical trading results. This makes it difficult to know whether or not Immediate Fortune is profitable.
Ultimately, users should do their own research before proceeding with Immediate Fortune. And most importantly, never risk more than one can afford to lose.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
References
https://www.finra.org/rules-guidance/key-topics/aml
https://moneysmart.gov.au/glossary/contracts-for-difference-cfd