A lot of people have probably heard of iMarketsLive and its potential to generate money for them from the comfort of their homes. Well, not all that glitters is gold, and a lot of people have got their hands burned when looking for online money making opportunities. So, you are here to find out about this program and answer of this question: is iMarketsLive a scam like several others or if it is a legit scheme…? Let’s find out!
The promoters of iMarketsLive tell you that you can make money with their automated trading system by doing almost nothing. In this review, you’ll find out more about the automated trading system and see if you can truly make money with it or not.
It’s good to read reviews like this before spending your valuable money on any scheme or program. There are several legit ways of making money online, and it doesn’t make any sense for you to lose money to a fraudulent one. Don’t worry. I’ll tell you all that you need to know about iMarketsLive in this review.
In this review, you’ll learn if iMarketsLive is worth the money, time and energy or not.
Product Name: iMarketsLive
Official Website: imarketslive.com
Owner: Christopher Terry
Type: Forex Trading
Cost to Join: $195 (One-time fee) + $145 monthly!
Recommended? Maybe (Read review to see why…)
Overall Rating: 5 Out Of 10
Background – What Is iMarketsLive All About?
iMarketslive is short for International Markets Live. iMarketslive is a Forex trading system founded by Christopher Terry in 2013. iMarketslive is available in over a hundred countries worldwide. Once you register with iMarketslive, they will help you open your Forex account with a brokerage firm. Then the professional traders will trade for you.
Their most popular product is their iMarketsLive Academy. They also offer other services like live mentor-ship, market setup indicator, harmonic pattern indicator, cryptocurrency training and Forex mobile apps. Once you learn from them, you can decide to branch out on your own or stick with them and use their mentor-ship and tools.
How iMarketsLive Works?
After you buy the program, you will receive the training education which is the major thing you are paying for. You will also get access to the trading education, live training room, FX signal live and harmonic scanner.
What You Will Get When You Joined?
- Trading Education
You get training information on Forex through their iMarketsLive Academy with over 60 tutors. Their training is available in several languages and offers basic to advanced Forex training.
- Live Training Room
The live training room allows you to watch how trades are carried out in real time. Everything is life, and you can monitor trades yourself and even imitate the trades. You can access the live trading room on weekly days.
- Harmonic Scanner
What the Harmonic Scanner does is that it draws and labels various harmonic patterns in the Forex right on the MetaTrader 4 platform that you are using.
- FX Signal Live
The FX Signal Live gives you various live signals. These live signals show you all the buy and sell signals sent by iMarketsLive Forex traders.
Can You Really Make Money Through iMarketslive?
You earn money through their affiliate program. The more the number of people that you can bring in, the higher your level and the more commission you get. You can also money when you trade, but they get a percentage of your winnings.
Here are all the earning levels available:
- Level 1 or personally sponsored affiliates: Level 1 affiliates earn 30%
- Level 2: Level 2 affiliates earn 10%
- Level 3: Level 3 affiliates earn 5%
- Level 4: Level 4 affiliates earn 5%
Another way of making money iMarketslive is their residual income scheme that allows you to make money through a 3 x 8 matrix. You get three branches through your Level 1 affiliate and so on.
You earn 8% of the monthly membership fee of each affiliate in your downline. To unlock all 8 levels and get to the top, you have to recruit at least 12 affiliates. Depending on how you rank in the membership structure, you can earn from $37 a week to $125,000 a week.
To unlock more levels, you need to invite more people. They offer some weekly bonuses like Platinum bonus for every Platinum package that you sell. The Chairman Infinity Bonus is one of the highest as you can earn up to $40,000. But your rank must be very high to earn this.
- For level 1 to level 4 of the matrix, you need to invite two affiliates
- For level 5 to level 6 of the matrix, you need to invite six affiliates
- For level 7 of the matrix, you need to invite nine affiliates
- For level 8 of the matrix, you need to invite twelve affiliates
How Much You Should Pay to Join iMarketslive?
You can join iMarketslive as a customer or as an IBO (Independent Business Owner). If you join as an IBO, you need to pay a start-up fee of $15 and a monthly compensation fee of $15. As an IBO, you get their products and some of the compensation plan.
Become a Customer
You must purchase the platinum package to become a customer. The start-up cost is $195, and you must also pay a monthly membership fee of $145.
You get the following:
- Trading education
- Harmonic scanner
- Live trading room
- Live Forex signals
- Become an Independent Business Owner (IBO)
Positive & Negative Points of iMarketsLive
- Christopher Terry, the owner of the platform, is an experienced Forex trader
- The platform offers you some money-making opportunities
- You get extra Forex trading tools and services with the platform
- iMarketsLive gives you access to live trading where you can monitor experience traders trading live.
- You will learn a lot about Forex trading
- There are no hidden upsells like several other programs and schemes
- iMarketsLive is costly compared to other alternatives
- They only offer a 7-day refund policy
- You need to recruit people to progress and make money
- Forex trading is risky, and you must be a risk taker to make any meaningful gains
- You can lose all your investments in iMarketsLive due to the risks involved
Should You Give iMarketslive a Try?
iMarketslive is designed for those that have a lot of people skill and are good at convincing people. They must also have a good budget. If you are good at recruiting people and you have some money to invest in, then this could be a good business opportunity for you.
Once you get into the program, you are likely going to spend a lot of time selling the system to others and persuading them to invest more money in the company so that you can earn more commissions.
If you don’t feel like spending time persuading people, then this program may not be for you. You must also have a good budget to invest in the program. This program is good for those that are willing to take a risk as your earnings are not guaranteed. What you earn is up to you and how much time and effort you can invest in the program.
If you are comfortable with this, then you can get started with iMarketslive. It’s your call to make.
Final Word – Is iMarketsLive a Scam?
Let me make you sure that you are facing with a 100% legit company. iMarketsLive has everything we expect to see in a legit Forex broker so it’s trustworthy. Of course this is not what all people agree with and with all facts available out there, there’re still people who insist iMarketsLive is a scam company.
It simply because not all people can get success with iMarketsLive so persons who get success recommend it as a reliable source while others who fail mark it as a big scam. It totally depends on you’re reading review of which group of those people.
Of course it’s clear that their affiliate program and referring people is the main source of income for many members of iMarketsLive but it does not mean they provide low quality service for real traders anyway people who don’t trust iMarketsLive believe that their service is something like cheating to attract new customers and receive membership’s fee,
Anyway if you don’t know what you’re looking for then not only iMarketsLive but any other programs CAN’T help you. If “making money online is as easy as anything” is still in your mind then you should remove it fast and Work Hard to build a successful online business otherwise you’ll fail like 90% of people who want to make easy money online.
However, iMarketsLive is still my recommendation IF you don’t have problem with their $145 monthly fee. The most important fact you should know about iMarketsLive is about their MLM business model. The truth is that there is not any money if you can’t bring new customers into the program constantly and you’ll also lose money because you’ll have to pay monthly fee. This is the main reason for people who are against iMarketsLive.
Finally this is only my own opinion about iMarketsLive and there are opinions as much as people who worked with this company so if you are one of them and want to share your opinion with others about iMarketsLive or Forex trading, feel free to leave it as a comment below. I personally read all comments and will answer them as soon as possible.
In the end, it must be said that with all positive points and features you will have access to in iMarketsLive and foreign exchange trading, Forex market is not my first recommendation to start making money online. There are options for earning online with very low or even zero risk so why you shouldn’t take advantage of them for building your own business online?
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