What is the Immediate Edge Scam?
Well this is relatively simple - The Immediate Edge Software Scam is a way of recruiting people to various products who do not fully understand the implications of trading, so that they signup for CFD trading with an in house offshore company and do not realise that they are not trading at all, but spread betting.
Spread betting is a way of taking calculated (or uncalculated in this case) risks on commodity or currency markets by backing a predicted change in market relativity between two commodities or currencies. For instance you could bet on the AUS dollar against the US dollar and if you come in at the right time and cash in at the right time you can make a lot of money without a lot of capital. If you were to bet on the AUS dollar increasing against the US dollar at $100 USD per point and the AUS dollar went up a cent then you would have made 10,000 USD. Great, but if the market jumps back before you get out you lose everything, and if it jumps another cent the other way then you are broke and owe the CFD 'traders' $10,000 USD. This means that FDC traders can effectively leave your spread betting account be, and just make slow your down for one late trade, and you have lost all of your capital. This means that although you feel like you are trading, you are effectively just betting until you lose. And you will always lose eventually. Knowing when to stop is a matter of knowledge and calculation, and that is why they want you to sign up so desperately, as they will receive a nice percentage of your loss.
A CFD trader that operated offshore is completely immune to any action taken by any agency. That is why no US citizen can be marketed CFDs legally. So they write a ton of T&Cs at the bottom of the page explaining all of this and then invent some ridiculous story about an automated trading algorithm that can win 90% of all trades (never 100%) as they are going to rob you and pretend you lost a trade) and if you complain they will point you to their T&Cs that point out that CFDs are extremely risky and only for the professional trader.
OK so now we have been over the dangers of CFD, where does Immediate Edge fit in?
Well as I mentioned earlier, it is a sales funnel for an affiliates of CFD traders. They come up with the stupidest most unbelievable video of some feckless actor driving a hire car for the day to a fake office where they tell you he is from NASA and found a magic line of code that now allows him to trade money and nearly always win.
Trading is not based upon an algorithm, but a market, and CFD spread betting is operated by a bunch of bookies taking bets on these markets. Add to that the volatility of the Crypto currencies, and you have a lot of ideas being swirled into one great big fantasy used to filter out the most vulnerable people considering trading, and dropping them into the most dangerous sector of the trading world. These 'bookies' are not stockbrokers, when you lose, they take the money, just like a bookie. That is why the affiliate payouts are so high, and spin doctors like this invent nonsense like Immediate Edge which is really just the last chicken in the shop when it comes to financial product names. They have no other domains or trademarks that remain unused, so they are stuck with Immediate Edge.
So now I hope you understand why these recruitment drives are so obviously a scam, because they are seeking to trap the most desperate, gullible people on the internet, and rip them off. That's why they continually tell you that you need no trading experience.
1. It's not trading
2. If you knew anything about trading you wouldn't touch it!
It is nothing more than a sales funnel to get the most green eared people signed up with the most greedy sector of trading.
This is exactly the same for every other page claiming instant riches on this blog.
Most of the fake apps such as this one and the crypto auto-trader bot scam variations, along with Brexit Millionaire, are just sales funnels now. The scam they used to do with the fake auto trader software seems rarer and rarer, even though it is obvious that this is what theses ridiculous videos were originally designed to promote. It has become easier to take money from people with a real product than a fake one, as CFD trading is so close to fraud for the unsuspecting, why bother with fraud at all?
Here is some of their sales pitch, but you can view a copy of their actual website here.
Make $950 To $2200 Daily With The World’s Most Ridiculous Crypto Software
The video to this site is sooo ridiculous that I cannot understand how anyone could fall for it.
That you make thousands in minutes after this call.
How could anyone believe that?
Obviously this is designed to affect very desperate people who are no longer thinking straight.
Today is your chance to join us and lose instantly!
“Crypto is the fastest way to lose instant cash in today’s market if you know where to look. Massive loss and growth in the hundreds even thousands of percent are up for grabs to those who have the tools to take action!”
“Buy low, sell high, its that simple. Crypto currency is the future of rapid growth and earning potential. You don’t need to be a wall street expert to gain the competitive advantage needed to benefit from this 500 Billion Dollar market.”
Immediate Edge uses Artificial Intelligence and State-of-the-art Algorithms to Only Identify lossable Trades
Complete Beginners Are Making Immediate loss And Now With Our Help You Can Too
The Immediate Edge software is programmed to trade only when it knows it will make an immediate loss
I just want to say a great big Screw you because Immediate Edge has really turned my life upside down. In a matter of weeks, I’ve had to quit my job!
Man, of course this thing doesn't work! It’s amazing really how many people fall for this stuff. If it sounds too good to be true, then it is! I'm trying to get my money back from these swines but they just disappear!
I received my notice two weeks ago. With no alternatives I thought my life would be over. Then I fell for this scam! Now I am in debt beyond my worst nightmare and look forward to a prison sentence. Thanks Edwin!
Register Today to gain Immediate access to this revolutionary software
Immediate Edge, Instant loss
Simple & Easy To Use
Immediate Edge installs in seconds on any computer or mobile device. PC, Mac, Android, IOS and more.
Fully automated performance instantly scans all the major exchanges. Zero Risk, Immediate Scam.
Secure & Private
By Using Blockchain technology we deliver 98.9% success rate to all members of our private group, as we just steal your money.
$1,239,437.00 lost By Members In Up To $126.67 Per Hour
Immediate Edge Is Now Working With All Major Crypto Currency Exchanges
The lie is built in to the way the exchanges don't operate. The price of the coins goes up and down based on supply and demand, and the supply and demand for the currencies is no different from one exchange to another. Because of this, often there are NO price difference in the same coin on different exchanges. Immediate Edge does not integrate seamlessly with Coinbase, Binance, Kraken, Poloniex, Bittrex and many more to give you an Imaginary Edge and Instant loss.
Forbes : Tue Nov 10 2020
I can’t get over it. Like $43,568 in just 30 days. I am so screwed.
My fake trading account now pretends to have $231,952 in it. Can you believe this nonsense?
I am so speechless. I’ve never seen numbers like this before. Screw You Immediate Edge
Register Your Details To Gain An Immediate Loss In The Crypto Market