Immediate Bitcoin Review
This new website appears to be a mix between two other products: Immediate Edge and Bitcoin Code. And so we have arrived at: the Immediate Bitcoin Scam.
Now we are calling this out as a scam without even reading the site, which seems rather unfair, so let's have a look at the site and see what's what.
What Is Immediate Bitcoin?
OK so we are immediately informed that all trading carries risk - this is a good thing as it is most definitely true. You cannot make money without either work or risk. Let's continue reading down the page:
There are no bitter surprises with us. We deliver what we say! Our fee criteria mechanism is published on the trading conditions page. Immediate Bitcoin doesn’t charge any license fees. However, a commission of up to 2% applies to all profitable trades. We do not charge any fees for unprofitable trades.
This seems reasonable, but then they haven't actually explained what these trades will be of. Is it trading of different cryptocurrencies where we are allegedly making huge gains from the volatility of some of the coins? The whole website seems vague and deceptive.
Further down the page they write:
We offer a wide range of CFDs in crypto. Popular pairs on our platform include BTC/USD, BTC/GBP, ETH/USD, and XRP/USD. Our powerful algorithm identifies the pairs with the biggest potential and gives them a priority. The system can place up to 15 trades per minute.
OK, so in actuality we are not actually trading crypto at all, this is actually just a website for recruiting MT5 traders for MT5 brokers houses which is a fast moving and highly speculative form of trading and not for the novice. If you are not familiar with MT4 trading or CFDs you should not get involved with this type of trading.
This website is generally more honest than most of the scams, but it has very little to do with Bitcoin, it is just recruiting MT5 traders for CFD trading which is very dangerous. This is a big red flag!
Is Immediate Bitcoin Safe?
There are quite a few ridiculous claims on the Immediate Bitcoin website, such as:
PROVEN PERFORMANCE: We are widely reviewed by both our users and experts across the globe. Our system is top ranking in a highly competitive environment with hundreds of participants across the globe, including leading Wall Street hedge funds.
Now this appears to be complete nonsense. There are no positive expert reviews of this product anywhere online that we could find. Not only because no expert would ever use a software making such ridiculous claims, but also that as far as we can tell, it does not actually exist. There is nothing online in any app store that suggests there is any software linked to these highly suspicious sites and there is no evidence to suggest that you can download software for your PC or Mac called immediate Bitcoin.
Is Immediate Bitcoin a Real App?
If we do a search on Google for Immediate Bitcoin, Google returns many fraudulent results, and the same fake review sites being the only source for information, which confirms the notion that this product does not actually exist:
Trustpedia, Economywatch, Easy-to-Read.eu are all sites we have confirmed as belonging to the same parties rec