iMarketsLive Review: MLM scam Or Legit Money Making Platform?

imarketslive reviewIf you need an objective review to decide whether iMarketsLive can truly help you become rich from Forex trading, then you want to read my iMarketsLive review to the end.

In this review, I’m going to show you exactly how the company operates, and provide detailed information that will help you make an informed decision. I’m not one of their affiliates, so you can rest assured you’re reading an unbiased, objective and accurate review.

What Is iMarketsLive About?

iMarketsLive, short form for International Markets Live is a financial trading software company with Forex and cryptocurrency education platforms. Forex trading, also known as currency trading is where people trade by buying and selling real currencies like the U.S. and Canadian dollar.

  • The company was founded in 2013 by Christopher Terry with a mission to train people, regardless of their level of experience, how to make money through Forex trading. The company has a number of proprietary software that helps traders to make the right decision in addition to iMarketsLive Trading room which is hosted every Monday through to Friday. The Trading room is where you see what experts are doing to win markets so that you can replicate their strategy.

But that’s not all about iMarketsLive. The company also has a multi-level marketing scheme where you can promote the trading software to others and earn commission.

How Does Forex Trading Work?

  • forex tradingThe forex markets are some of the most traded, and by far the largest financial market worldwide. The markets record an average of daily trading volume of $5 trillion. Transactions in Forex trading do not occur on a single exchange, but in a global computer network of large banks and brokers from around the globe.
  • Interestingly, barriers to entry to trading currencies are significantly low. To get started, all that you need is a computer, internet connection to access your online trading platforms, trading capital, and most importantly the trading knowledge (which is why you may need iMarketsLive).

Heads on

Forex trading could be profitable, yet inherently risky, volatile and unpredictable. I’m happy iMarketsLive acknowledges that fact. According to their official website, it is clearly stated that “Trading contains substantial risk and it is not for every investor. An investor could potentially lose all or more than the initial investment…”

If Forex is what you would like to do, then it is advisable that you invest with only risk capital for trading. Risk capital is money that can be lost without jeopardizing your financial security or lifestyle. In fact, forex trading may not be the right investment to venture into if you’re a complete newbie, and looking for a sustainable and secure way to make online.

But trust me, I’m not here to impose an opinion on you. I have no doubt in your ability to make the right decision after reading this review. So, I’m only going to furnish you with objective information and leave you to make your decision by the time you’re done reading.

Learn more about my #1 recommendation to grow an online lead gen business
here.

Who Is Christopher Terry?

  • Christopher Terry is the CEO of iMarketsLive. But unlike most companies, there is no information about him on the company’s official website. But trust me, I dug up the rabbit hole, and I came out with some useful piece of information about him that may help us set the basis upon which the integrity of the company could be judged.

According to this page, Christopher Terry started out in the construction industry. From a worker, he rose to become an owner and maintained this position for nearly 12 years. In 1995, he discovered commodities trading and began to learn about the operation of the markets.

After three years of active trading, he became confident enough to quit his construction business which according to a report generated sales in excess of $40 million that same year.

He was able to apply and utilize his winning strategy which he learned through mentorship and by imitating the strategy of successful traders.

Some years later, Terry decided to help change people’s lives on a massive global scale through the combination of network marketing and professional trading.

In 2013, Terry finally launched his iMarketsLive after surmounting a number of challenges.

Meanwhile, further findings have revealed that Mr. Terry had a background back in MLM, Amway to be precise although he claimed he didn’t make any money from the company. But he said the platform gave him a “mindset of wealth”

iMarketsLive Company Overview

  • iMarketsLive is a Forex trading MLM company that offers various trading products and services. They have a presence in over 120 countries. Their training is available in 8 major languages. The company is headquartered in New York City, New York.
  • iMarketsLive also trades the top cryptocurrencies such as Bitcoin, ethereum and litecoin. This is just another market that is susceptible to volatility and uncertainties. Bitcoin, the most valuable cryptocurrency has never maintained stability since the worst plunge of 2017. So, you have to think twice before delving into crypto trading.

According to the company’s official website, their vision is to educate, enrich and empower one million students by 2020.

The company does a number of things, but the entire platform can be categorized into the following:

  • Learning Academics: The learning academics are designed to help you gain mastery over markets that empower you to be more self-sufficient while pursuing a passionate, fulfilling and purpose-driven life.
  • The platform has over 100 videos and modules that teach you basic and advanced strategies on how to trade Forex and make profit from cryptocurrency investing.

Live Mentorship: This is aimed at helping you to accelerate your growth and achieve excellence with exclusive goLIVE training from a team of master educators. The company has over 60 educators whose job is to teach you how to trade Forex and make money from cryptocurrency.

Strategies: This is key to the overall existence of the company. It is claimed that you can expand your learning and mentorship with “simple unique strategies” that can make it much easier to understand the markets.

Learn more about my #1 recommendation to grow an online lead gen business
here.

iMarketsLive Tools

FX Signals Live

  • Until 2016, iMarketsLive had an automated training program called “FX signals Live”.
  • The program was designed to replicate Terry’s trading strategy so that members could play the Forex market with or without understanding how it works.

But such an approach was considered as a breach of standard practice by legitimate brokers like FXCM. As a result, FX Signals Live was disconnected. Consequently, thousands of customers’ accounts were locked for using an unregulated “expert advisor”

Harmonic Scanner

  • FX Signals Live was soon replaced by another tool called “Harmonic Scanner”. This online tool is designed to scan the market in real-time and give you updates for different price patterns and trading opportunities. The idea is to tell you to buy when the rate is low and sell when the rate goes up. With the software, you can monitor the markets and trade independently.

Web Analyzer

  • The company’s Web Analyzer is designed to search the market for opportunities in the cryptocurrency market to give you the leverage to make profits.

Swipe Trades

  • This tool updates you on Forex trade ideas including risk management and expert guidance for monthly subscription of $17.

Swipe Coin

  • Like Web Analyzer, this tool is specifically designed to provide cryptocurrency market insights. It alerts you to Crypto trade ideas and information. To use this tool, you have to pay a $100 monthly fee.

iMarketsLive Membership Options – What Does It Cost?

Digital Currency Monthly

To join at this level, you will have to make an initial payment of $189.95 and monthly fee of $179.95 which gives access to:

  • DC Academy
  • DC Scanner
  • Swipe Coin App
  • IMLTV Sessions

 

HFFX Monthly Cost

Members pay initial payment of $189.95 and monthly fee of $179.95 to have access to:

  • HFF Academy
  • HFF TV
  • Pip Talk
  • High Frequency and Forex

Platinum Package Cost

Members pay initial payment of $225.00 and monthly fee of $164.95 which grant them access to:

  • IML Forex and Crypto Academy’s IML TV
  • Harmonic Scanner
  • Swing Trades & Night Owl Sessions
  • Pip Talk (Basic)

Elite Package Cost

To join this group, you will pay an initial payment of $325.00 and monthly fee of $274.95. You get access to:

  • IML Forex and Crypto Academy’s IML TV (all sessions)
  • Gold Cup
  • Swipe Coin
  • High Frequency Forex
  • Harmonic Scanner
  • Swing Trades & Night Owl Sessions
  • Pip Talk (Basic)
  • Swipe Trades
  • Web Analyzer
  • Bounce Back
  • Levels
  • Pivots

The more you pay, the more access you have to iMarketsLive’s products and services.

In case you’re dissatisfied with their product or service, the company offers a 7 days money back guarantee to all their subscribers. Also, you can become a member for free if you are able to refer two people to subscribe to their monthly membership.

Learn more about my #1 recommendation to grow an online lead gen business
here.

Is iMarketsLive Legit or Just Another Scam?

  • I wouldn’t say iMarketsLive is a scam. But as they say, the past can give us a clue into what the future holds. It was public knowledge that the iMarketsLive CEO, Christopher Terry allegedly had connection with Zeek Rewards which was later shut down by SEC for fraud in 2012.
  • Also, the VP Alex Morton was enmeshed in a fraud allegation following his business involvement with MLM companies like Vemma Nutrition that had to settle for hundreds of millions of dollars with the FTC for being a pyramid scheme.

iMarketsLive had also been fined once by the Commodity Futures Trading Commission for operating illegally.

Can iMarketsLive Truly Help You Make Money with Forex?

  • The answer is, I doubt it.
  • For one, Forex is insanely hard especially if you’re a newbie. Also, it is extremely risky and I doubt if the mirror-trading services offered by the company can shield you from loss. There is no guarantee of success and I commend the company’s honesty for including a caveat on their website:

Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is no guarantee of future results.”

Although the awareness of the company’s products is growing exponentially on the web, the MLM business model attached to it casts a shadow of doubt on their integrity as one isn’t sure if the explosive brand awareness is due to the effectiveness and accuracy of the software or because people are being paid for promoting it.

What Are the Pros and Cons of iMarketsLive?

Pros:

  • There’s access to many training materials
  • There’s potential to earn without referral or recruitment

Cons:

  • Forex is generally hard and risky
  • You can lose more than your monthly fees

The monthly fees are a little steep given that the products and services do not shield you from the inherent risks in Forex

Since iMarketsLive is an MLM company, recruitment is strongly encouraged. However, convincing people to buy Forex trading tools can be really challenging

Do I Recommend iMarketsLive?

  • Nope, I don’t advise that you invest in the company’s offerings because Forex and cryptocurrency trading is risky and you may end up losing lots of money in the process. Also, the company’s reputation is in question given the controversies assailing its heads.

iMarketsLive doesn’t offer you an option to make consistent income. I don’t believe making money online has to be that difficult. I bet you can make regular income online without making yourself vulnerable to heart attack and disappointment that characterize Forex trading.

Is There An Easier Way To Make Money Online?

  • Yes, you have an option of making consistent, substantial and long-term income online that doesn’t involve any risk whatsoever.
  • I’ve been an internet entrepreneur since 2006 starting out with Search Engine Optimization which paid me $20-20k monthly back then alongside my regular 9-5 job. But it wasn’t long enough before this income stopped coming. As a result, I had to venture into several other online business opportunities including affiliate marketing.

I spent thousands of dollars buying courses and attending seminars that promised to help me skyrocket my earnings. But most of them were sheer garbage while only a few got me results that didn’t last beyond 3-6 months.

In 2017, I came about the Lead Generation business through a program called the Local Marketing Vault. This program walked me through the process of creating and running successful ads to generate leads for local companies and businesses. Three years down the line, I’ve been able to create my 6-figure online business with 4-5 figures in monthly retainer.

What is the Local Marketing Vault (LMV)?

  • The Local Marketing Vault is a training platform that shows you how to generate qualified leads for local businesses using easy to replicate funnels. You will learn the easiest and most effective way to run successful Facebook and/or Google ads to generate leads for many clients which can get you 4-5 figures every month.

Better than most businesses out there, lead generation is an on-demand skill which empowers you to solve problems for others and get paid handsomely. Most of your clients will be local companies looking for more customers to skyrocket profit and expand their businesses. LMV will equip you with the skills you need, and share expert tips to find niches that pay well after your training.

You should check out LMV if you want to start making 4-5 figures monthly. To learn more about exactly how LMV works, click HERE

Leave a Comment


Check All That Apply

Want To See my best online Business Pick for 2020 & Beyond?