We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centers. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.
Immediate Edge aims to do what it says, and that is to give traders a significant advantage when approaching volatile crypto markets. This automated trading software, aka trading bot, could well be the weapon you need in your arsenal to snipe profits from the market and pave the way to consistent profits. But why use a bot at all?
The trouble with most inexperienced traders is that they have the tendency to get in the way of themselves. What does this mean? It means that they tend to trade on hunches, gut feel, and emotions. Allowing yourself to trade in this way is the antithesis of what seasoned and professional traders do.
The very best traders do whatever they can to circumvent their emotions and trade in a pragmatic way according to wider fundamentals, or macroeconomics, and the confluence of a number of important indicators. This is pretty much an art form that can take years to master. So what do you do if you’re a complete novice with little time to spare? This is when you might consider using an algorithmic cryptocurrency trader—a trading robot.
Robots are set up to act when certain parameters are met. If the price falls to a certain level and the RSI on multiple timeframes dips into oversold, a bot like Immediate Edge will automatically buy. Knowing these triggers are in place leaves the trader free to go about their business while their loyal bot hopefully mops up profits. In this review we have tested Immediate Edge and will delve more deeply into what it can do, how it could generate a passive income and point out the plusses and minuses so you can decide whether or not it’s right for you.
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 trading during 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 the 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 a scam or 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: What Sets it Apart from Competitors?
When comparing Immediate Edge to many other trading bots, such as Yuan Pay Group or Bitcoin Trader, it’s well worth a look, but not for the reasons you might expect. With high falutin claims of a 99.4 percent success rate on various review sites, we decided to put Immediate Edge through its paces to see what we would find. See our methodology below for a deeper dive into our processes.
What we discovered through testing was surprising: while Immediate Edge underperformed in most areas and didn’t get anywhere near the returns of its competitors in highly volatile markets, it did excel when markets were moving very slowly.
This was when Immediate Edge succeeded in living up to the lofty claims of some of its more enthusiastic reviewers. Outside of this, the bot was lacklustre delivering returns of between just 20 and 30 percent. But in a sluggish environment, typically during traditionally slow months or periods of macroeconomic uncertainty when both volume and volatility were very low Immediate Edge jumped into a league of its own.
Immediate Edge: Our Conclusion
Although Immediate Edge is pretty much bottom of the class when it comes to making profits in fast-moving markets, it outshone all of the competitors we tested when it came to low volume, low volatility environments.
For this reason alone, it’s well worth considering Immediate Edge as your bot of choice for those slow summer months when trading volumes fall off, or during times of uncertainty when institutional traders tend to sit on their hands.
Apart from having a bot that thrives in stolid conditions, owners of Immediate Edge also have the benefit of not having to spend much time in front of the screen during these generally dull times.
As a backup, in the event that volatility strikes and you don’t want to be caught asleep at the wheel, it might be worth using a more adaptable bot like Yuan Pay Group, which is a decent all-rounder. Having the two bots working side-by-side could be a good strategy for those looking to maximise profits when the markets are less than thrilling.
Methodology - How do we Review Autotrading Tools?
As pointed out earlier, we discovered that reviewer claims of a 99.4 percent return were exaggerated. The reason for this is most likely that the bot was tested in absolute optimum conditions giving overly positive results. This is not a fair way to check if a bot is any good or not.
While not an out and out lie, this stat was selective and therefore misleading. While Immediate Edge did hit this level of return, it was only within a narrow data set—ie when the markets were slow-moving.
To get clearer results, we, therefore, carried out our testing process on the bot over a period of weeks in uptrends, downtrends, and ranging markets. Overall, Immediate Edge performed above average, yielding around 55 percent when put to work in different market conditions.
However, it was unparalleled in its performance in slow-moving markets. This highlights the importance of stress-testing bots in different ways and avoiding the temptation of choosing narrow data sets to give a skewed impression. To find out more on how we ensure our content is accurate and well-researched, see our editorial policy.
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.