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.
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. Reading down the page, we arrive at:
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 too, but they haven't actually explained what the trades will be between. If it is between different cryptocurrencies then will we be looking at making huge gains from the volatility of some of the coins?
Carrying on across the website we see:
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 foir CFD trading which is very dangerous.
So the verdict is....
VERDICT: IMMEDIATE BITCOIN IS A: SCAM !!
They will not get you any bitcoins and so the scam is in their name...