Immediate Elegance Review 2024: It’s A Scam (Confirmed)

Last Updated on November 26, 2024 by Stephan Lindburg

Immediate Elegance is a new cryptocurrency investment scheme. It’s marketed as an automated crypto trading robot, but that is merely a facade. Its true purpose is far more nefarious and well-concealed. Immediate Elegance was designed for the sole purpose of collecting personal information such as name, email, or phone number from recently-registered customers. In marketing terms this type of website is referred to as a landing page AKA “lander”.

The Immediate Elegance scam operates by impersonating celebrities, wealth gurus, or high-profile individuals. These celebrities are featured on fake news articles or advertorial-type web pages that use highly deceptive sales tactics. In many cases viewers are exposed to these types of fake news ads on social media like, YouTube, TikTok, or Facebook.

Once registered, victims are almost instantly contacted by aggressive sales reps who instruct them to deposit money. Initially the sums start off as low, but very quickly customers are asked to invest significant amounts of money. In many cases seasoned sales reps use a variety of pressure tactics designed to elicit more funds. It’s no secret that many victims have fallen prey to schemes like Immediate Elegance and ended up losing their life savings.

This leads us to the precarious issue of CFD or contracts for difference brokers and their dubious nature. When we signed up to conduct our £250 deposit test the broker we ended up with was named “Global CFD Partners”. According to our investigation, this broker is not licensed to manage customer portfolios or financial assets of any kind.

To make matters worse, we were not able to find any type of legal documentation regarding this broker. We checked the CySec, ASIC, and BaFin archives and were not able to find anything pertaining to Immediate Elegance. There were no records of any kind to be found, so we messaged the support staff. Our staff hit a brick wall there as well, so we started doing reverse IP checks using our systems. The researchers found a company with a registered business address in Belize. Belize is on the EU’s list of “non cooperative tax jurisdictions” and considered to be a “high-risk” country.

This is a huge red flag, and that’s when we realized Immediate Elegance is a scam. Global CFD Partners are operating illegally in cooperation with the affiliate networks and media agencies who are promoting this fraudulent service. In marketing terms this type of joint venture is commonly referred to as a revenue or profit share scheme. Similar to a travel agent that receives commissions after making reservations for hotels or flights, the affiliates receive compensation for referring paying customers.

Immediate Elegance is very much real and being heavily promoted by scammers and illegal offshore brokers. The charlatans behind this get-rich-quick scheme are extremely motivated and have hefty budgets. So if you plan on investing, please take a minute and read our Immediate Elegance review. It’s critical you conduct proper research before risking your money. This is doubly true when it comes to cryptocurrencies, investments, or financial schemes.

Official Immediate Elegance Website, Login Page, and Members Area: There are at least 5 (Five) websites claiming to be the official platform and trading app. None of them are legit or trustworthy.

Documented Evidence of Scam

So, if you take a look at the image below, you can see the Immediate Elegance homepage. There are many sites claiming to be the official one, however we have decided to focus on one of them for reasons related to efficiency.

And here you can see a screenshot of another scheme we exposed recently right here on ScamCryptoRobots.com. You don’t need to be a Professor to see that the two sites are identical.

This means Immediate Elegance is simply a part of a network of websites that are reproduced and recycled in a way which is suitable for, or designed to meet certain marketing requirements.

Fake Immediate Elegance Reviews

We have spotted over a dozen fake Immediate Elegance reviews. Most of these reviews are a part of the same affiliate network which we have exposed many times before in our previous reviews. We urge you to take a more critical approach when searching for independent reviews, and always look for multiple sources of information.

Immediate Elegance Fake News

Our research staff was able to find a fake news article featuring Seema Jaswal hosted by Ben Shephard on “This Morning”. This means that UK residents are specifically targeted in this marketing campaign.

We were also able to spot fake news campaigns that feature Prince William and Sir Keir Starmer. We are sure that other campaigns will surface and will update our Immediate Elegance review accordingly.

Immediate Elegance: Deceptive Marketing Tactics

Below you will see a “live profit results” chart we found in one of the Immediate Elegance scam websites. If you notice the dates are static and very old. The names are always the same and this information is anything but “live”.

This is just one example of deceptive activity these charlatans are using to lure victims into their fraudulent scheme. Believe us when we tell you there are many more.

Immediate Elegance Fake Testimonials

There are also some cases where we found documented evidence of fake testimonials (see below). The use of fake testimonials for promotional purposes is particularly sleezy since people tend to believe them.

In this case we have “Eduardo” saying he still can’t believe how lucky he was to access this system and generate thousands of dollars in passive income.

What Is Immediate Elegance, Who Are The People Behind It And How Does It Work?

As previously mentioned, Immediate Elegance is an investment scheme. It’s advertised as a kind of cryptocurrency trading robot, which if used correctly can turn you into a wealthy person overnight. The system supposedly utilizes coding scripts such as Haskell and Prolog, which is a programming language specifically designed for AI applications. However, we found this to be a lie after going through the various front end coding languages and integration specifications. The people who are behind this hoax are affiliate networks that operate in collusion with unlicensed CFD (contract for different brokers).

RESTful API Integration And Data Transfer

RESTful API integration and data transfer is the process of enabling two systems or applications to communicate with each other over the internet using REST (Representational State Transfer) principles. The RESTful APIs are widely used because they are lightweight, stateless, and use standard HTTP methods for communication.

CFD brokers integrate with Immediate Elegance by using a RESTful API setup. This communication format represents the industry standard for integrations and information relay. Based on this fact, one can infer that there is some degree of technical savviness on the promoters’ side. Unfortunately it is used to defraud newly-registered clients.

Immediate Elegance Review: Red Flags, Flaws, And Slow Loading Times

When it comes to scams we’ve seen it all, or at least we thought we did. Immediate Elegance takes it to a new level by combining highly deceptive advertising tactics with a streamlined technical integration. This means that the process is nailed down in a very effective manner and new customers are provided very professionally.

The level of sophistication is higher than the usual get-rich-quick scheme. Unethical promoters are using advanced optimization tools that rotate advertising campaigns and landing pages based of efficacy levels. This means that customer data is tracked from the second users are exposed to the fake ads, followed by clicks, registrations, and finally deposits.

Originally we received several complaint emails regarding the Immediate Elegance scam. This is actually the main reason we decided to conduct our investigation. Margaret, our subscriber from Birmingham in the United Kingdom told us she joined the program and lost over £5,300. Of course this got our blood boiling so we decided to do something about it and expose the thieves behind this fraudulent investment scheme.

Risk Management: What Is It Really?

Risk management in Contract for Difference (CFD) trading is essential to protect your capital and ensure long-term trading success. CFD trading involves leverage, meaning you can control a large position with a smaller amount of capital, but this also increases potential losses. Effective risk management strategies help mitigate the risks associated with this highly speculative market.

Immediate Elegance does not offer any risk management strategies and does not address the complexities of leverage and margin requirements. Leverage allows you to trade with borrowed funds, amplifying both gains and losses. We recommend you don’t use it at all but if you must use leverage conservatively. Margin requirements are designed to maintain sufficient funds in your account to avoid margin calls or automatic liquidation of your positions.

Other aspects such as stop-loss orders and position sizing are not addressed as well. By incorporating strategies like these and additional tools, you can significantly reduce the risks involved in CFD trading while maximizing your opportunities for profit. However, the Immediate Elegance scam trading app does not provide any type of access to these types of strategies or tools.

Liquidity Providers

Liquidity providers (LPs) in CFD trading are financial institutions or entities that supply the liquidity needed for brokers to execute trades. They play a crucial role in ensuring that traders can open and close positions efficiently without significant price slippage, even in volatile markets. Providers provide market access, price feeds, and order execution.

There are 3 types of liquidity providers. The first are institutional and well-known or recognized financial entities such as bank or even big insurance companies. The second ones are lesser known and consist of hedge funds or proprietary trading firms. These entities often specialize in specific asset classes or markets. The third one is referred to as aggregated liquidity providers. These are less credible and for that reason provide more competitive rates.

Immediate Elegance refuses to divulge any information regarding it’s liquidity provider. We suspect they simply don’t have one or alternatively have a provider with an extremely problematic reputation. Either way, this is another humungous red flag and a serious warning.

Our £250 Deposit Test And Impressions

When we started conducting our live deposit test the first thing that became evident was the constant barrage of incessant phone calls. It happened almost immediately, and the calls started arriving from different numbers and geographical locations. When we answered the phone a person by the name of Alex Beckerman was on the other side to formally greet us.

Alex sounded like he just had 5 cups of coffee and and an adrenaline shot. We could barely understand what he was saying, but he was extremely energized and very enthusiastic about getting us to invest more money. How much more? Well, if it was up to him it would be at least 50K. Thankfully, we are not the classic victim so our staff brushed him off politely and much to his dislike deposited the minimum amount.

We were asked to fund our account using cryptocurrencies. While it seemed a bit odd at first it made total sense since crypto is hard to trace and anonymous. So after being bounced around to different crypto wallet providers, we made the deposit and waited for the amount to be reflected in our trading account.

That was when we were called up again and asked to open another account in a different broker. Alex told us that the balance will be reflected in the second account, and if we wanted to continue with Global CFD Partners we had to deposit an additional £1,000 for starters. Right there we started to get very angry and asked for our money back.

When Things Start Going Downhill Fast

In CFD trading, when things go downhill fast, it usually means that market conditions, trading errors, or external factors have caused rapid and significant losses. This can be especially dangerous in leveraged trading, where small price movements are magnified. In a nutshell, this best describes what happened to us. Additionally, our losses were compounded by by an endless stream of phone calls and spam emails originating from various IP’s.

Testing Methodology

When we conduct an investigation our staff of researchers uses scientific testing methodologies in order to derive insights. The chart below represents a partial list of the parameters we use for sampling and analyzing results.

Summary	Synthesis
The Main Arguments	What are the main arguments. Either for or against.
Facts Versus Opinion	Basing assumptions on facts rather than supposition or previous experience.
Sources	Validating multiple sources of information.
Critical Analysis	An numerical approach to problem solving.
Organizing the information	Organizing the information in a clear and transparent manner .

It’s important to know that there is a full list of over 100 parameters. However, in order to simplify matters we have chosen to provide a select few just to get the point across.

What Others Are Saying

Our staff searched for some genuine Immediate Elegance reviews. Here are a few excerpts taken from a few dubious affiliate websites making fake claims about this new service.

• A “top choice for crypto enthusiasts” around the world.
• Here’s one superb “web-based platform” designed to help new or amateur investors trade successfully.
• An “automated trading system” that excels in purchasing cryptocurrency contracts at optimal rates.
• This signals app makes online trading “more accessible” and in that way more profitable for many new traders.

You can be sure there are additional reviews and they are all basically spewing the same lies. That’s because they are affiliate websites that receive referral commissions for paying clients.

Strategies And Backtesting

In CFD trading, developing a robust trading strategy and rigorously backtesting it is essential for long-term success. Strategies define your approach to the market, while backtesting ensures their viability based on historical data before applying them in live trading. Immediate Elegance does not offer even the most basic

Pros And Cons

We put together a small chart outlining the pros and cons associated with Immediate Elegance. The staff intentionally made it small and condensed just to get the main points across.

Pros	Cons
No Pros!	Fake News Unlicensed Losing App

If you want to see a more robust chart please let us know and we shall send you a link to our PDF or excel sheet.

Regulation and Legal

Regulation is crucial for maintaining market integrity, protecting traders, and ensuring a transparent and fair trading environment. CFDs are high-risk financial instruments, and regulation provides safeguards to minimize malpractice and excessive risks.

Regulation in CFD trading provides a safety net for traders by enforcing transparency, fair practices, and risk management protocols. Always trade with a regulated broker and familiarize yourself with the specific regulations in your jurisdiction to ensure a secure trading experience.

Compliance And Anti-Money Laundering

Compliance and Anti-Money Laundering (AML) are crucial aspects of CFD trading, ensuring that brokers operate transparently and adhere to legal and ethical standards. These measures help prevent financial crimes such as money laundering, terrorist financing, and fraud, which can undermine market integrity and expose brokers and traders to legal risks.

Compliance and AML practices in CFD trading are non-negotiable for brokers and traders alike. They ensure the safety of financial markets, protect traders from fraud, and uphold the integrity of the financial system. Traders should always verify that their broker adheres to stringent compliance and AML standards before engaging in CFD trading.

Confidentiality and Personal Information

Confidentiality and personal information protection are critical aspects of CFD trading, ensuring that traders’ sensitive data is secure and brokers operate transparently. Regulatory frameworks and ethical practices govern how brokers handle client data to prevent misuse and build trust. For example, protection of sensitive data, KYC documentation, data encryption, and prevention of identity theft are just a few of these aspects.

Safety and Security

Simply having a padlock and an SSL certificate does not mean you are trading in a secure environment. Let’s not forget that security is an amalgamation of different factors, some of which are usually overlooked. For example, once you fund your trading account, where is your money stored and is the actual transaction encrypted?

Another question which is not usually asked has to do with the actual people who are handling your account and how they behave. To explain, is your account manager is behaving rudely and constantly demanding you reinvest additional funds? If this is true it may cause customers to feel insecure (and rightfully so).

Leverage

Leverage is a powerful feature that allows traders to control large positions with a relatively small amount of capital. While leverage can amplify potential profits, it also significantly increases the risk of losses, making it a critical concept for traders to understand and manage effectively.

Leverage is expressed as a ratio (e.g., 10:1, 30:1, or 100:1) and represents the multiplier effect on your capital. For example:

• 10:1 leverage means you can control a position worth 10 times your deposit.
• If you deposit £1,000 and use 10:1 leverage, you can trade positions up to £10,000.

Immediate Elegance brokers allow an insane leverage ratio of up to 100:1. This means investors are borrowing money with a huge risk factor. We already know that most of these borrowers will not be able to return their loans and end up losing more money than they can afford to.

Is Immediate Elegance Compatible With Crypto Exchanges?

Some review sites will have you believe that you can use the app with popular exchanges like Binance or Kraken. But that is a lie which is intended to legitimize what is obviously a fraudulent software. The websites are trying to make the website seem “Kosher” so they can sell it in a more effective manner.

Immediate Elegance On Trustpilot, Reddit, Social Media, and Forums

There are multiple fake profiles on Trustpilot as well as Reddit that are associated with Immediate Elegance. We also spotted a fake news or advertorial-style campaign on Facebook. In the image you can see Cat Deeley from ITV’s “This Morning” show explaining how this “new method allows her to make extra income” with ease. Regrettably, this is a well-known marketing tactic designed to cheat and mislead viewers or potential investors. Make sure to be extra careful when looking at reviews from these profiles. They are almost all fake.

Bonuses, Free Gifts, And Comps

When it comes to bonuses or any complementary gift it’s best to avoid. That’s because these little presents always come with strings attached. Our staff was offered a bonus, and when we started asking about trading requirements things got a bit stressful. We found out that in order to qualify for withdrawals, the bonus had to be traded 35 times the original investment amount plus the bonus. In other words, there was no way we were going to cash out at any time. At best we could keep trading, and that is exactly what bonuses are designed to do.

Tested Alternatives

Had enough? Well, our staff is also warn out and penniless at this point. That’s why we have a few systems that keep generating profits for our members on a consistent basis. If you are in the market and want to check them out feel free to do so. We never recommend a system before trying it out ourselves and seeing it works.

Verdict

Immediate Elegance is not a trusted trading software. After testing this fraudulent signals platform we have reached the conclusion that it is a scam. Similar to other services that operate it the same way, it was designed to illegally elicit personal information such as email and phone number from new clients. For that reason, we recommend you refrain from joining this program and save your money for more genuine trading apps.