File a Complaint Against
Immediate Momentum
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Caution Investors Immediate Momentum – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Overview:
Immediate Momentum is a website that claims to offer online trading services in various markets, such as forex, stocks, commodities, and cryptocurrencies. However, the website is not authorized to operate in Austria and has been warned by the Austrian Financial Market Authority (FMA) for violating the banking law. In this review, we will examine the regulation and compliance, customer reviews, products and services, location, customer service, and the conclusion of Immediate Momentum.
Regulation and Compliance:
One of the most important aspects of choosing an online trading platform is regulation and compliance. This ensures that the platform is trustworthy, secure, and follows the rules and standards of the industry. Unfortunately, Immediate Momentum does not meet these criteria. According to the FMA, Immediate Momentum is not licensed to conduct banking transactions in Austria, such as trading on its own account or on behalf of others. This means that the website is operating illegally and may be involved in fraudulent or scam activities. The FMA has issued a public warning against Immediate Momentum on its website and advises potential customers to avoid dealing with this provider.
Customer Reviews:
Another way to assess the credibility and quality of an online trading platform is to look at the customer reviews. However, we could not find any reliable or independent customer reviews for Immediate Momentum on the internet. The only reviews we found were on the website itself, which are likely to be fake or biased. The reviews are very positive and praise the platform for its high returns, easy withdrawals, and excellent customer service. However, these reviews are not verified by any third-party source and may be fabricated by the website to lure unsuspecting customers. Therefore, we do not trust these reviews and suggest that you do not either.
Products and Services:
According to its website, Immediate Momentum offers a variety of products and services for online trading. These include access to over 250 assets, such as forex pairs, stocks, commodities, and cryptocurrencies; a web-based trading platform with advanced tools and features; a mobile app for iOS and Android devices; educational resources and market analysis; and various account types with different benefits and bonuses. However, these products and services are not backed by any proof or evidence of their performance or quality. Moreover, the website does not provide any information about the fees, commissions, spreads, leverage, or margin requirements that apply to its trading services. This makes it very difficult to evaluate the costs and risks involved in trading with Immediate Momentum.
Location:
The location of an online trading platform is another factor that affects its regulation and compliance. Ideally, the platform should be based in a reputable jurisdiction that has strict rules and oversight for financial services. However, Immediate Momentum does not disclose its location or contact details on its website. The only way to reach them is through an online form or an email address. This raises a red flag about their transparency and accountability. Furthermore, the website uses multiple domain names with different extensions (.de, .com, .io, .org, .info), which may indicate that they are trying to evade detection or regulation by authorities.
Customer Service:
Customer service is an essential aspect of any online trading platform, as it helps customers with their queries, issues, or complaints. However, Immediate Momentum does not seem to have a reliable or responsive customer service team. As mentioned earlier, the only way to contact them is through an online form or an email address. There is no phone number or live chat option available on the website. Moreover, the customer reviews on the website claim that the customer service is very helpful and friendly, but we doubt that these reviews are genuine or accurate.
Conclusion:
In conclusion, we do not recommend Immediate Momentum as an online trading platform for anyone who wants to trade safely and legally in Austria. The website is not authorized by the FMA to conduct banking transactions in Austria and may be involved in scams or fraud activities. The website also lacks transparency, credibility, and quality in its products and services, location, and customer service. Therefore, we advise you to stay away from Immediate Momentum and look for other regulated and reputable online trading platforms instead.
