BanklessTimes
Home Robot Review Hub Immediate Aspect Review 2024: Scam or Legit?

Immediate Aspect Review 2024: Scam or Legit?

Staff Writer
Staff Writer
September 26th, 2024

Immediate Aspect is a new automated trading platform, that promises AI-driven trading, automated portfolio management, and 24/7 customer support. But is it worth using in 2024? In this Immediate Aspect review, we’ll take an in-depth look at Immediate Aspect to see whether it’s legit or a scam.

Our Take on Immediate Aspect

Our team spent time assessing the Immediate Aspect official website, reading through user reviews and watching video reviews to determine whether or not Immediate Aspect is worth using in 2024. It is important to note that our review is based on research and live experiences of the platform may be different.

However, we found no reason to believe that Immediate Aspect is a scam. The platform is a charting tool that can be used alongside a brokerage account to implement automated trading. When you sign up to Immediate Aspect, you are connected to a third-party broker who will assist you with setting up your account and managing trades.

The tool is relatively basic compared to fully-fledged cryptocurrency brokers. You can use Immediate Aspect to conduct technical analysis, set up price alerts and implement automated trading strategies. However, does not offer extra features such as swapping or staking. This is largely because Immediate Aspect is a CFD trading platform, which means that you cannot buy cryptos directly. Instead, you can use the tool to speculate of the price of underlying crypto assets.

Overall, Immediate Aspect stands out as a reputable Bitcoin robot to consider. However, for traders who are looking to use extra features and buy cryptocurrency directly, we recommend checking out the best cryptocurrency exchanges.

Cryptocurrency CFD trading is prohibited in the US.

What is Immediate Aspect?

immediate aspect logo

Immediate Aspect is an AI-powered trading platform designed to help you trade cryptocurrencies and other financial assets. By leveraging automated strategies and machine learning, the platform claims to assist users in making more informed decisions.

The platform is primarily a charting tool and must be used alongside a brokerage to fulfil trades. Your funds are not stored with Immediate Aspect. Instead, a brokerage acts as a middleman between your funds and the charting platform to manage trades on your behalf.

Immediate Aspect is a charting system that is designed to support complex automated trading strategies. Through the platform, you can access a wide range of technical indicators, alerts and analysis tools that can be used to build active trading strategies.

You may hear Immediate Aspect, and similar crypto trading bots, being referred to as ‘robots’. This is due to the automated nature of the tools which is similar to having a robot place trades on your behalf.

Judging by the official website, Immediate Aspect places a strong focus on education. The platform provides a range of tools and resources to help you make informed trading decisions.

How Does Immediate Aspect Work?

Immediate Aspect uses AI algorithms to analyze market trends and provide real-time trading recommendations. You can either trade manually or opt for automated portfolio management, where the system trades on your behalf.

If you choose to trade manually, Immediate Aspect provides an extensive range of educational materials that are designed to help you make informed trading decisions.

For passive traders, Immediate Aspect offers advanced signal systems and automated services that will execute trades according to your desired strategy. Going by other automated platforms that we have reviewed, you will be able to discuss and set up your trading strategy through the partner broker that you will be assigned to after signing up for the platform.

Pros and Cons of Immediate Aspect

  • A large library of educational guides and resources to help you make informed decisions
  • Automated portfolio management
  • User-friendly interface
  • Immediate Aspect isn’t a broker which means that it can’t be used as a standalone platform
  • It is not regulated in any jurisdiction

What Features Does Immediate Aspect Offer?

If you have ever used platforms such as Quantum AI or Immediate Edge, you may already be familiar with the Immediate Aspect charting tool. In the next section, we will take a look at the key features of the platform to understand what it has to offer.

AI-driven trading platform

The AI trading platform uses algorithms and machine learning to analyze large amounts of market data. This system continuously scans for patterns, trends, and signals that could indicate profitable trading opportunities. The AI can process vast amounts of data faster and more accurately than humans, making real-time, data-driven decisions.

Users can choose to let the AI execute trades automatically based on pre-set parameters, or they can use the AI’s suggestions to make manual trades.

Automated portfolio management

When you sign up for Immediate Aspect, you are connected to a partner broker who manages your account on your behalf. This means that you do not need to monitor your account around the clock, which is appealing if you want to implement active trading without sacrificing your lifestyle.

During our Immediate Aspect review, we could not find any information about the brokers that are connected to the platform. If you would like to trade cryptocurrency CFDs through a regulated brokerage, take a look at our list of the best Bitcoin CFD brokers in 2024.

Educational resources

Immediate Aspect provides tutorials and articles to help users understand the platform and the basics of trading, which is especially beneficial for beginners.

You cannot access the educational resources without signing up. However, the website claims that it offers everything you need to make informed trading decisions. It is likely that the educational resources are supplied by the partner brokers so the exact materials available depend on the brokerage that you are connected to.

24/7 customer support

You can contact the support team at any time by filling out the contact form. However, the contact options are limited and there is no live support available.

Immediate Aspect Fees

Now that you understand what Immediate Aspect is, here is a rundown of the fees and trading costs that you may encounter.

What is the minimum deposit for Immediate Aspect?

The minimum deposit required to start trading with Immediate Aspect is $250, which is relatively standard compared to other automated trading tools.

However, it is much higher than the deposit for many regulated exchanges such as Coinbase and Robinhood. If you are looking to trade crypto with a smaller amount of funds, it might be worth considering other options.

Does Immediate Aspect charge trading fees?

Immediate Aspect does not charge commission on trades but may apply spreads. The exact costs of trading will depend on which brokerage you are connected to.

It is worth asking about spreads and trading costs during your phone call verification with the broker.

How much does it cost to deposit and withdraw funds on Immediate Aspect?

Deposits are free, but withdrawal fees may apply, depending on the method used and your bank’s policies.

It is important to note that we could not find any information about the platform’s withdrawal policies. Some crypto trading robots have withdrawal limits that prevent you from withdrawing your funds under a certain amount. This is something to ask about during your phone call verification.

Other fees to be aware of

Depending on the brokerage that you use, you may need to pay:

  • Account management fees
  • Inactivity fees
  • Overnight trading fees
  • Subscription fees

It is a good idea to verify the fees that you will need to pay when you initially contact the brokerage.

Immediate Aspect User Reviews

We found that Immediate Aspect user reviews are mixed. Some users praise the platform’s simplicity and automated features, while others express concerns about the lack of regulation and lack of transparency.

We could not find the platform on TrustPilot however, you can find a handful of user reviews on Reddit. We also noticed that several other review sites have assessed the platform and given it positive reviews.

We recommend carefully comparing reviews before putting any money at risk.

Is Immediate Aspect Safe?

Immediate Aspect uses SSL encryption to protect user data, but its lack of regulation raises questions about the platform’s overall safety. Users should be cautious and only invest what they can afford to lose.

We could not find any further information about the safety protocols that are used by Immediate Aspect. It is normal for trading platforms to implement 2FA and KYC to comply with anti-money laundering laws.

Immediate Aspect Regulation and Security

Immediate Aspect is currently unregulated, which may deter some investors. While it offers security features like encryption and two-factor authentication, the lack of oversight could be a potential red flag.

As a basic charting tool, Immediate Aspect does not need to have any regulation. This is because the platform does not store your funds. Instead, it acts as a research and analysis tool that must be connected to a third-party brokerage if you want to place trades.

How to Use Immediate Aspect

If Immediate Aspect seems like a good tool for your trading, here’s how to get started with the platform in 2024.

Step 1: Register for an account

Visit the Immediate Aspect website and fill out the registration form with your personal details.

immediate aspect trading platform

Step 2: Complete phone call verification

You’ll need to verify your account through a phone call, where a representative will guide you through the next steps. During the call, you can ask any questions that you might have about the platform.

Step 3: Fund your account

Deposit a minimum of $250 to start trading. The platform accepts various payment methods including credit cards and wire transfers. Be aware of extra fees that may be charged for depositing funds.

Step 4: Set trading parameters

Before trading, you can set risk levels, choose which assets to trade, and let the AI-driven system handle the rest.

Immediate Aspect Availability

The availability of cryptocurrency CFD trading isn’t straightforward. In some countries, it is illegal to trade crypto derivatives whereas in others, you can trade CFDs in a restricted environment.

It might be a good idea to familiarise yourself with cryptocurrency regulations before you start trading.

In the following section, we will look at where Immediate Aspect is available and which devices you can access the platform on.

In what countries is Immediate Aspect available?

Immediate Aspect is available in several countries, including the UK, Australia, and parts of Europe. However, it may not be accessible in all regions due to regulatory restrictions.

You cannot access crypto CFD trading, including the Immediate Aspect crypto robot, in the US.

Is Immediate Aspect suitable for beginners?

Yes, the platform is user-friendly and comes with educational resources to guide beginners through the process of trading.

However, CFD trading is complex and not suitable for people who have a low-risk tolerance. If you are looking to build a stable portfolio, we recommend looking into investment platforms instead.

Does Immediate Aspect have a mobile app?

Currently, there is no dedicated mobile app, but the platform is accessible via mobile browsers.

The charting interface may be tricky to use on mobile so, it is a good idea to access Immediate Aspect through your browser.

Final Verdict

While Immediate Aspect offers some promising features like AI-driven trading and a wide selection of educational resources, its lack of transparency and regulation means that you should proceed with caution.

If you’re willing to take on the risk, the platform could be a useful tool, especially for beginners looking for a way to deploy active trading strategies without needing to monitor the markets 24/7.

Although we have no reason to believe that Immediate Aspect is a scam, you should conduct further research before putting any money at risk.

FAQs

Is Immediate Aspect a scam?

No, Immediate Aspect is not a scam. It is a charting platform that can be used to analyze price charts and create custom trading strategies.

Is Immediate Aspect legal?

Immediate Aspect is legal in most countries. However, it is not legal to use in the US due to the current ban on crypto CFDs.

Can you withdraw funds from Immediate Aspect?

Funds are not held by the Immediate Aspect platform. Instead, your funds with be held by a third-party broker. Withdrawal limits will depend on the brokerage that you use.

Contributors