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Cryptocurrency is living up to the hype that it could revolutionise the financial sector. Today, people are staking huge amounts of funds in the cryptocurrency market with the aim of generating a comfortable income, and Immediate Edge is one of the trading software helping traders to increase profitability via auto trading.
In this Immediate Edge review, we take you through how the auto trading system works, as well as what it takes to exploit its optimum performance. Most importantly, this review helps you to answer questions related to the authenticity and worth of the trading software.
What is Immediate Edge?
Immediate Edge is a fully automated trading software that integrates in trading platforms with the aim of facilitating a cryptocurrency trading experience that is not only exciting but also profitable. According to the Immediate Edge website, the software is a product of advanced programming techniques that borrow from a superior technology. As such, the website claims, the software has an edge in the market that makes it consistently ahead of competition.
Who’s Behind Immediate Edge?
Immediate was created by Edwin James in 2018. Edwin is a former professional forex trader who switched to cryptocurrency at the height of the Bitcoin rally in mid-2017. Having good software development experience, he undertook to create a trading system that would help users to exploit arbitrage opportunities in the cryptocurrency market.
Though Edwin James is a popular figure in cryptoverse, there is no information to indicate that he has worked on other similar projects. Suffice it to say, Immediate Edge is a product of an 18-man team with Edwin as the leader.
How to Use Immediate Edge
1. Account Registration
Registering an Immediate Edge account only requires a few details. You will provide your first and last name, a valid and verifiable email address, and an active phone number. We recommend that you supply true details to expedite the verification process. Once all boxes are filled, click “Register” and give the system a few seconds to verify the details. On verification, you will be handed over to a broker – usually one that the Edge software has determined as the most appropriate for the best trading experience.
2. Fund Your Account
Once the account is set up, you have the option of funding it so that you can go straight to live trading. However, there is always the option of trying the software and the trading platform out using the demo account before moving onto live trading. Note that you can only fund your account after you have been redirected to the most appropriate broker. The software pairs you up with a broker who is in the same jurisdiction as you are or has a license to operate in your location to streamline operations and customer support.
3. Demo Trading
The Edge app allows for demo trading. Users have the choice of opening a demo account before they fund their account. This is for the purpose of ensuring that one starts autotrading without the risk of losing money. During demo trading, you learn how to use the trading software as well as how to set up the trade in a way that minimizes risk while increasing profitability. Specifically, this session should help you to develop better risk management techniques with the help of tools such as stop loss and take profit.
4. Start Trading
Besides demo trading, Immediate Edge provides educational resources for further training. The reasoning here is that a better understanding of how the trading platform with an embedded trading software increases the chances of getting it right and utilising the platform to its potential. Having gained enough confidence, it is time to make your first trade. We advise that you start small, preferably with the smallest deposit permissible and grow slowly. The idea here is that when in your early stages of trading, it is important that you limit losses to small amounts that will not hurt your confidence too much.
Key Features of Immediate Edge
With an Edge account, you get the chance to experience the world of cryptocurrency auto trading at its best. But what are the features that make the software outstanding?
Prominently displayed on Immediate Edge website is information claiming that the software generated a daily profit between $950 and $2,200. This is a bold claim which we can't promise the trading robot will achieve as it's important that certain conditions are right. For instance, a user will need to have sufficient deposit to max out the leverage of each trade. Secondly, users must have used the software for long enough to understand how to minimise risk.
The moment you click on the “Register” button, the website automatically transfers you to an affiliated broker. In our case, the broker was a popular player dedicated to cryptocurrency trading from our region. Verification of details begins after you have entered all the required information into the trading platform. The kind of information required include physical address, city of residence, date of birth, and the country of residence. The information that you entered at the registration phase will be automatically copied into this new session. Verification takes just a few hours. Within that time, a customer service representative of the broker will call you to cross-check the details. At the same time, you can lodge any issues you have with the platform.
The Withdrawal Process for Immediate Edge
The withdrawal process begins from you putting in a request which is addressed in a matter of minutes. In the withdrawal request, you will specify the amount of money you would like to withdraw and in which currency. Edge allows withdrawal in cryptocurrency only if you have the right details entered on the system. It helps a lot if you funded your account using a payment provider who supports cryptocurrency transactions. Once you submit the request, a notification will be sent immediately to let you know that the team is working on the transaction. Users might receive the funds in the bank accounts at different times depending on the payment provider used. Nonetheless, the average wait time is under 24 hours. In addition, there are no fees on this transaction meaning you claim 100% of the funds in the account.
Costs and Fees
Edge is one of the most transparent trading platforms in our experience of reviewing automated trading systems. In the “My Account” section of the trading platform, you can view the financial statements of your activities meaning you can track your money quite easily. The platform records each loss and gain and because there are no deductions like commissions, your funds are untouched. Obviously, you would tell if you were being charged hidden fees, wouldn’t you?
Your first contact with the Immediate Edge customer service comes at the point when they call you to verify the details supplied. This happens immediately after you complete the registration process from the trading platform. Besides, the broker will send you an email with instructions on how to download the preferred trading platform (i.e. MT4 or MT5). Some just stick to the web-based trading platform. In our case, the affiliated broker’s website had a chat function through which we could communicate with the customer service. However, we found the telephone to be the quickest and clearest form of obtaining assistance.
Once we had registered, we were paired up with a broker whom we found to be reputable and regulated. We are certain that the broker you will work with has the same credentials because Edge states in its Terms and Conditions page, specifically under the section labelled “DESCRIPTION OF THE SERVICES”, that all of its affiliated brokers are regulated by reputable authorities from around the world. In our case, the broker had a valid license from the Malta Financial Services Authority (MFSA).
Is Immediate Edge a Scam?
Is Immediate Edge legit? We have no doubt that this is a lingering question from the moment you open the Immediate Edge website. But we understand your reservations because the cryptoverse is crawling with frauds masquerading as legit software vendors but whose real intent is to trick you into losing your hard-earned cash. For this reason, we dived into the internet where we spent hours searching for information that could indict Immediate Edge.
All we found were hundreds of testimonials lining in praise of Immediate Edge for giving them a positive experience in crypto trading. Some reviewers noted that the softwares’ winning rate is commendable, and that many users enjoyed the support of the affiliated brokers. Keep your eyes open though, we have also found online reviews of disappointed users.
5 Reasons to Use Immediate Edge for Trading
Immediate Edge claims various reasons that have convinced us to register with them immediately. Below, we address five reasons that we found to be outstanding.
1. Intuitive User Interface
The creators of the trading robot went above and beyond in terms of the experience you have when trading with Immediate Edge. Beginning from the user interface, one has the feeling that the platform was not merely created to take arduous work out of users’ hands but to ensure that they are comfortable to stay on the platform. The trading software integrates into the platform in that you just signal for its presence by way of clicking the “Activate” button.
2. Boasts Market-Leading Win Rate
Immediate Edge seem to have this firmly locked in place because they claim to have a win rate of 99.4%. It means the softwares’ users can rarely go wrong when it comes to taking profitable positions.
As we can't promise that the superior technology that underlies Edge’s algorithms is capable of this kind of success rate, we are of the opinion that users should first seek to gain experience with the platform before they can begin to have expectations of a 99.4% success rate. Among other reasons, this will help you to be more careful when specifying the parameters within which the software should operate to minimise risks.
3. Faster than Manual Trading
In addition to the advanced programming that went into creating the software, Immediate Edge developers claim that artificial intelligence is also a major foundation of the robot. For this reason, its capacity to collect and analyse massive data volumes is far ahead of humans. This means no human trading manually can ever compete with this trading software.
4. Smart Analytics
According to its website, the bot uses a combination of advanced programming and AI imply that Edge can interpret market information using clever and intricate techniques leading to the output of smart signals. Unlike manual trades which might sometimes rely on guesswork, trading with Immediate Edge ensures that every decision made is data driven and that it is based on actual information from the market.
5. Remove Human Error
Besides enabling smart analytics, bots potentially solve one of the most apposite problems of manual trading, which is human error. Human error arises when emotions overpower reason and insights from market analysis. This is common in volatile markets – which is the norm in the cryptocurrency market.
Oftentimes, human emotions lead to huge losses because they degrade objectivity leaving the trader to be susceptible to groupthink. Immediate Edge removes this problem by avoiding human intervention when entering and exiting the market. Human intervention is also not necessary when watching the market because the algorithms never tire.
Advantages and Disadvantages of Immediate Edge
Immediate Edge: Our Conclusion
Comfortable payouts, quick and limitless withdrawals, a user-friendly interface, a friendly and responsive customer service are some of the features that make Immediate Edge an attractive choice for cryptocurrency traders. The trading software partners with reputable and regulated brokers who guarantee security for users’ funds and personal details. Furthermore, the software is device friendly and has a mobile app for users who do not have access to a desktop.
Immediate Edge is a new addition to the giants in the cryptocurrency ecosystem.
Besides Immediate Edge, other robots that are deserving of mention include Profit Formula, BTC Robot, and Bitcoin Lifestyle.
Frequently Asked Questions
Some Immediate Edge reviews on the internet claim to have tested all aspects of the software and their verdict is that the software is legitimate.
The website alleges that Immediate Edge requires only one hour per day during which users input the right parameters to guide the software’s decision-making.
This question lacks a clear answer because various factors are at play, such as conditions in the crypto market, your experience in both crypto trading and use of trading robots, and your knowledge of cryptoassets.
Pay attention to the key features of the software and how they interact to power Immediate Edge, but this is not enough. Also follow developments in the market and adjust the robot’s parameters accordingly.
Trading robots rely on brokers to facilitate users’ crypto trading activities. The problem is that they do not guarantee that affiliated brokers are regulated, which calls for initiative on your part to make sure the affiliated brokers assigned have valid licenses from regulatory authorities.
No. Crypto markets undergo heavy undercurrents that shift market conditions every second making it difficult for trading robots to guarantee you income.
Yes. Many product review platforms have a list of these robots. You can visit our “robots” to view some of our already reviewed robots.
No. There are allegations associating Immediate Edge with celebrity endorsements but these remain allegations for lack of evidence.