With the rise of popularity of online trading on forums and online in general, many see it as a way to escape an undesirable reality. It led to loads of memes and sentences related to the movie Matrix. Therefore, it was only a matter of time before someone used it to attract this crowd.
Our team has explored this platform, and today, you’ll learn why you shouldn’t swallow this pill.
This part sums up what our investigation showed about this platform. A red flag is a bad point, each category can receive up to 5 flags. You’ll also see a short analysis explaining the score.
| Category | Score | Analysis |
|---|---|---|
| Terms & Conditions | 🚩🚩🚩🚩🚩 — 5/5 | Generic T&Cs with tons of inconsistencies. Abusive data collection. |
| Licensing | 🚩🚩🚩🚩🚩 — 5/5 | Immediate Matrix isn’t licensed by any financial authority and has received warnings. It’s so bad, that Metamask’s extension blocks access to it. |
| Available Information and Transparency | 🚩🚩🚩🚩🚩 — 5/5 | Phony address, and a Singapore phone number. No registered company displayed clearly |
| Product Presentation | 🚩🚩🚩🚩🚩 — 4/5 | The same formula as every trading platform with Immediate in the name. Lack of concrete information, and made-up data all over. |
Immediate Matrix is an AI-powered trading bot on one domain, and a service connecting users to third parties that can supposedly provide trading expertise and educational tools on another. Establishing what Immediate Matrix actually is, turns out to be quite challenging.
However, in both cases, it’s clearly stated that you’ll be redirected to a third party that will have access to the information you provide when registering. The $250 minimum deposit is also a clear indication that you will be redirected to third-party brokers, likely unregulated ones.
Through this section, our experts will explain Immediate Matrix AI’s overall score, as seen in the Red Flag score table. You’ll learn more about the deciding factors behind this ImmediateMatrix review.
The CNMV (Spain’s financial authority) and the FCA (UK’s authority) both issued alerts about Immediate Matrix. Even though, the site pretends that it complies with UK laws, it’s located in Singapore where the FCA has zero authority.
While browsing every known Immediate Matrix domain, we haven’t seen any KYC/KYB procedure described, which is mandatory for a licensed authority. There wasn’t any licensing information or legal denomination of the company operating it, only a text that looks like it was generated online by an AI (probably the only part of the whole thing using AI, by the way).
On each page, the product, or service was different. However, they all have something in common: nothing is described precisely with reliable data.
A trading bot with 99.4% accuracy simply doesn’t exist, especially if there’s no app to download (OpenAI doesn’t have powerful enough servers to support that!). The domain offering third party services don’t fare much better. It clearly indicates that users data will be transmitted to unknown firms without providing their names, so you have to accept giving sensitive information to strangers.
As it’s often the case with anything related to trading and using the word “Immediate”, Immediate Matrix doesn’t disclose any company information that could help establish its legitimacy. Just like Immediate Definity AI and Immediate Lidex, the address is a WeWork office, and there’s a Singapore phone number along with email addresses provided to them when the domain was established.
The absence of a license number on the site also proves that it’s not obeying any laws or regulations.
Immediate Matrix is clearly the opposite of a legit service. It’s not regulated, it has been flagged by several authorities, and user reviews reveal some aggressive phone call tactics. In other words, don’t take the pill, this isn’t your way out of the Matrix, Neo!
It claims to be an AI trading bot or a service connecting users to third-party trading platforms, but its true nature is unclear.
No, it lacks any regulatory licenses and has been flagged by financial authorities.
Risk of data misuse, aggressive sales tactics, and potential financial loss.
Be cautious of any unsolicited communication and consider reporting the platform to the authorities in case of withdrawal issues.
At AlertoPedia, we rate companies based on several key factors including regulatory status, website status, geographical licensing, and historical data concerning any warnings or sanctions from financial authorities, reflecting the company's trustworthiness.
Regulatory Influence
The licensing status of a company plays a significant role in our review process. Companies regulated by reputable authorities typically receive a more favorable rating, reflecting their adherence to stringent financial standards and consumer protection laws.
Ongoing Monitoring
Ratings are initially established based on the most current data available and are subject to change based on new information or regulatory actions. We continuously monitor regulatory actions and company behavior to ensure our ratings remain current and accurate.