Last Updated on December 13, 2023 by Alex
Welcome to our Immediate Momentum review and scam investigation. Immediate Momentum is advertised as an automated “custom-made” trading app for cryptocurrencies such as Bitcoin and Ethereum. This signals software is supposed to utilize cutting edge technologies in order to execute successful trades. However, curious minds want to know if this is the truth or if Immediate Momentum is simply another scam. We conducted a series of tests designed to measure the credibility of this new system. The results indicate with a high degree of certainty (98%) that Immediate Momentum is a scam.
Immediate Connect Broker Check: When we registered to conduct our €250 deposit test, the broker which was assigned to us was named “Interlink CFDs”. This broker has a registered business address in Seychelles. Seychelles is a beautiful island with pristine beaches and incredible scenery. It also happens to be the preferred destination for tax evaders and scammers who wish to keep their stash hidden from the authorities.
Immediate Connect Official Website, Login Page, and Members Area: So far, we have spotted 5 (Five) Immediate Momentum websites. They all claim to be official and they are all equally fraudulent.
Table of Contents
Here we can see one version of the Immediate Momentum scam trading app. We kindly ask that you take a closer look at the registration form and graphic design.
And here we can see the same exact website, only it uses a different logo and name. From this we can deduce that Immediate Momentum is a kind of template which is recycled and rebranded according to specified marketing requirements.
We are very much familiar with these types of “production line” scams and view them to be of a particularly dubious nature.
Immediate Momentum Fake Testimonials
So here we can see the testimonial section taken from one of the Immediate Momentum websites. A quick image check reveals that all of the testimonials are forged and used without consent. This actually makes perfect sense since no one in their right mind would actually provide a genuine positive testimonial after using this fake app.
This actually makes perfect sense since no one in their right mind would actually provide a genuine positive testimonial after using this fake app.
Immediate Momentum Fake News
We searched the internet and found a fake celebrity endorsement related to Immediate Momentum. This time we noticed the scammers are using Swedish journalist Tilde de Paula Eby to target Swedish residents. We have also noticed similar campaigns in the United Kingdom, Australia, and Canada.
In these marketing campaigns the scammers are using celebrities and wealth gurus like Tesla CEO Elon Musk, Amazon Chairman Jeff Bezos, and British journalist Martin Lewis. The purpose of these fake ads is to attract unwitting viewers and entice them in a way which enables the brokers to solicit more funds out of them.
Fake Immediate Momentum Reviews
We have already spotted multiple fake reviews. Viewers searching for a genuine Immediate Momentum review will see a selection of websites that are endorsing this latest get-rich-quick scheme. To the naked eye these review websites may seem unrelated, but in reality they are all connected to the same fraudulent affiliate network named Finixio. This company has gained a notorious reputation for using highly deceptive techniques designed to entice unsuspecting victims.
What Is Immediate Momentum, How Does It Work, and Who Is Behind It?
Immediate Momentum is supposed to be an automated trading app for cryptocurrencies. There are many websites claiming to be the official app. All of them promise users huge returns with little or no risk. These are lies designed to cheat and defraud uneducated investors who simply wish to generate some money trading online. There is no mention of who is behind this software. Some websites have an “about us” section that use AI-manipulated images that attempt to depict to the management and development team. Very crafty.
Immediate Momentum Review: Don’t Believe The Hype!
Here’s a new trading app that generates thousands of dollars at the click of a mouse! Does this sound realistic to you? Well, if it does than you are a prime target for for professional scammers and con artists. As we have previously stated, the promoters of this scheme are using deepfake technology and various AI tools like thispersondoesnotexist.com in order to lend a more professional touch to their con.
It’s also important to point out that when we took this fake app for a “test drive” we immediately noticed that there is no software. It appears that Immediate Momentum is yet another over-glorified landing page with no real benefits. This assertion is based on the fact that upon registration we were simply redirected to a third party (i.e the broker) and instructed to fund our account.
It’s also quite evident that the charts we saw on our broker’s account were totally rigged. After a quick check we found out that the contract rates and orders were both latent as well as looped. That means the data which is presented to users is fake, just like everything else we have seen so far.
Our £250 Deposit Test: Our Impressions and Customer Relations
It’s not every day we get to meet a pushy sales rep like Chris Danzig. Chris was our so called “account manager” and the man responsible for pestering and irritating us by calling our number during awkward hours. All of these phone calls arrived after we funded our trading account. Chris wanted us to keep investing and used a variety of pressure tactics designed to pick our pocket. When that didn’t help Chris literally went berserk and started threatening us.
It was literally like dealing with Dr. Jekyll and Mr. Hyde. This was a nerve-wrecking ordeal we don’t wish on our worst enemies. Eventually Chris realized we were not about to risk more money before seeing some returns. That’s when our account was frozen and our ability to access our funds was denied. We received an email saying that our account is locked due to conflicting IP logins and that was it. This is truly a case where the expression “the pot calling the kettle black” applies. Instead of the thieving broker, we were labeled as fraudsters and had our accounts frozen.
Immediate Momentum At A Glance
So here we have a small table which outlines the basic flaws or pieces of information we consider to be important.
|The app does not perform.
|Minimum Deposit Amount
|Zero. Totally fraudulent system.
|Immediate Momentum an anonymous app.
|Horrendous . No response at all.
Backtesting And Strategies
Immediate Momentum does not offer access to any type of back testing, strategies, or historical data. We usually look for access to any type of technical indicator like stochastics or Bollinger Bands. There is nothing like that to be found. Comparative data or statistics related to performance was also missing. This is a very strong indicator of a scam.
Regulation And Patenting
Immediate Momentum is not patented or licensed in any legal jurisdiction. We checked CySec, ASIC, BaFin, and AFM. There is no mention of Immediate Momentum in any of these regulating authorities. Our staff also messaged the Immediate Momentum customer support in regards to patenting. No response was provided.
High Risk Investment Warning And Disclosure
According to the FCA there are 3 levels of risks related to investments.
1. Readily Realisable Securities (RRS): These are listed or traded securities that are traded on recognized or well-known stock exchanges like the LSE or NYSE.
2. Non-Readily Realisable Securities (NRSS): These are unlisted securities like private company shares or peer-to-peer (P2P) loans.
3. Non-Mainstream Pooled Investments (NMPI): Unregulated pooled investments with a highly speculative nature such as CFD’s or Cryptocurrencies.
Number three on the list above is considered the riskiest and prone to overly-hyped promotions. In other words, those are the instances where we see sales pitches like “no-risk investments” or “guaranteed winnings”. This is also the case where the fraudulent Immediate Momentum scheme is concerned. It’s speculative nature and highly deceptive promotional content places this fake app in the highest risk bracket. Now try to add the fact that the disclosure clause and terms and conditions are pretty much invisible and see what conclusions you reach.
Safety and Security
Immediate Momentum security has more holes in it than Swiss cheese. We checked for socket vulnerabilities and found out that the code had some serious flaws. A simple override program in Python can bypass the default settings and a allow new users to create a password and login as an administrator. A also had a security expert do some penetration testing and again, anyone with minimal knowledge in basic hacking can instigate an attack and inject a virus or trojan horse.
PCI Compliance: A PCI Compliant website is a site that implements data security standards, protocols, and resources for safe payments. The people operating the Immediate Momentum scam could care less about storing financial data on separate servers or encryption keys. In fact, having lax security servers their interest. These crooks have built a system where they can replicate credit card information and use it according to their needs. There is a word for that; it’s called fraud.
Leverage is the broker offering you a type of loan. Now, as everyone knows different loans offer different types of interest. Regulated Forex brokers offer a leverage of 100:1 more or less. The Immediate Momentum scammers are offering new clients a ratio of 5000:1. This fact alone should set off some serious alarm bells. No one can actually accept this “loan” and keep trading until the interest is paid off.
Is Immediate Momentum Compatible With The Various Exchanges?
The short answer is no. This fake app is not compatible with any of the popular exchanges like Kraken or Coinbase. There are a few fake review websites who insist the opposite, but that is a lie. They are doing it to make their narrative seem more believable. We are not falling for it!
Immediate Momentum: Deposits And Withdrawals
New members wanting to try out this latest farce will have no issues funding their account. They can use a variety of depositing methods like Visa or even cryptocurrencies in some cases. But try cashing out and see what happens. When we tried to do it the phone call arrived and someone named Evan tried to get us to cancel the request and invest more. After a while our account was frozen and we were not able to access it.
Immediate Momentum On Trustpilot, Reddit, And Other Forums
We have already spotted more than a couple of fake or unverified Trustpilot profiles endorsing Immediate Momentum. We encourage our viewers and subscribers to take a more critical approach when conducting research. So as that old saying talks about a “grain of salt”, we recommend a whole bag full of it before risking your money.
Bonuses And Free Gifts
Remember that saying “there is no such thing as a free lunch”? Well, the same is true in this case. When we funded our Immediate Momentum account one of the first things we were offered was a bonus. However, the person who tried peddling this perk neglected to mention that that are strings attached.
Specifically 35 times the initial deposit amount plus the bonus have to be traded in order to qualify for withdrawals. You stand a better chance of winning the New Jersey Lottery.
Some of the more frequent questions we have received are as follows:
- Can I make money using Immediate Momentum?
- Is Immediate Momentum a scam?
- What is the official Immediate Momentum website?
- Are there any fees?
In all cases please assume the worst. So yes it’s a scam, you can’t generate any money using this fake app, there are about 10 sites now claiming to be official and they are all bogus, and fees are irrelevant since they just steal all your money.
Have no fear. You will not be required to pay any taxes related to Immediate Momentum. That’s because taxes are levied on profits. Since we already know Immediate Momentum is a losing app you can remain calm.
So it’s true that most of the systems that are launched these days are worthless. They are designed for the sole purpose of generating money for promoters and brokers. The actual users are the ones who pay the price for the lack of knowledge or understanding. Still, once in a while a new software is launched and actually performs. That’s when we test it. If it does the job we add it to our recommended section and make it available for our members. So go ahead and check it out!
Immediate Momentum: Review Summary
Now that you basically know everything you should, the only choice you have is whether to invest or not. After testing this fraudulent software it’s quite easy to conclude that this automated trading bot is complete scam which should be avoided at all costs.
Immediate Momentum has nothing to do with AI or algorithmic trading. The promises of so called “benefits” or money you stand to gain are totally deceptive. There are no advantages for anyone choosing to join or invest. The owners or developers behind this project are totally anonymous.
The financial authorities in the UK, Canada, and Australia have banned the app. They warnings clearly stat that the promotions offer promises of ridiculously high returns without providing viable proof. In short, keep your distance and hold on to your wallet since we have officially blacklisted the Immediate Momentum scam trading app.