iMarketsLive Review 2021:
Forex Scam or Legit?
Scam Risk is here to help you protect yourself and fight back
By: Scam Risk - Expert Reviewer
What Is iMarketsLive?
iMarketsLive (a.k.a International Markets Live) is a Network Marketing company that zeros in on FOREX Trading (short for Foreign Exchange). This trading software is designed to help a currency trader make money by finding trading opportunities, but they could lose big time if they’re not careful.
It’s pretty much just another one of those making money online programs that is centered around selling a clapped out membership that supposedly makes you money by gambling with pump and dump crypto/stock bros.
But hey, if you wanna risk throwing your life savings away on something good ole’ Elon could fuck up with tweet…
Then hey, by all means, don’t let us stop you from creating yet another screw up your parents give you shit about.
It’s supposed to show you how to become a 6-figure day trader…but it’s truly out of reach for most people like you constrained by budgets and student loans.
That’s just the truth…you won’t get rich by chasing the next hot trend on reddit.
And while we have to be honest for this review…
IMarketsLive does come with some very helpful information to make money online and land some massive trade profits…
But it’s outdated AF!
At the end, I’ll answer some of the most frequently asked questions regarding IMarketsLive and pussy footin’ cheap trades in general.
And most importantly, I’ll show you the exact system I used to build my own internet marketing business to over $40,000 a month in mostly passive income.
This system made me swear off Crypto and Stocks for good, because it uses some of the same skills but in a much more powerful and profitable way!
But more on that later.
For now let’s hop into all things IMarketsLive!
Table of Contents
Who Is Christopher Terry?
Christopher Terry founded International Markets Live in 2013 and he is the current CEO.
You know what’s really sketchy though…as far as what they offer and other basic info…you can’t find that much on iMarketsLive corporate website.
I don’t think we’re asking a whole lot when we’re asking for them to share more info on the website…
Frankly, even your most basic MLM companies have a little history about the company, their mission, and a little rah rah statement from their CEO.
But nope…you don’t get that with IML.
iMarketsLivel.com doesn’t have much info on their site at all, and we’re not saying that they’re hiding anything…but come on…give us a little something to go off of you know?
After pausing and taking sometime to dig some things up, our team managed to find a little bio written about Chris on their website:
“Mr. Christopher Terry began this journey in construction, both as a worker and eventually as an owner, for nearly 12 years. In 1995, he discovered commodities trading and began to immerse himself in the markets.
In just 3 years, he was confident enough to walk away from his Construction Business, which had generated sales in excess of $40 million that same year, in order to become a full time trader.
Over the years he applied and effectively utilized this winning strategy of gaining the necessary learning and experience through the proper Mentors and then imitating the strategies of successful people.
While doing so he realized the same process of following success step by step, could bring average people everywhere to the same level of success that he himself had achieved.
Mr. Terry began to realize that at this point in his life it was his calling to help change people’s lives on a massive Global scale through a marriage of Network Marketing with Professional Trading.
This is why, in August 2012, Mr. Terry made the decision it was time to act on this Philosophy, and International Markets Live, Inc. was born.”
You know what isn’t mentioned about Terry in that little biography?
His long history with MLM’s and Network Marketing!!
Terry said he got his start with Amway, but he didn’t actually make any money…
Shocker, very few people do.
Anyway, he said it gave him the “Mindset Of Wealth”.
Translation:
The guys at the top are really the only ones that make all the money, so I had to figure out a way to create a massive downline.
Just kind of taking a shot in the dark here…but maybe it also had something to do with Chris Terry also promoting Zeek Rewards…the Ponzi scheme the SEC busted in 2012.
Despite his track record of failures in other businesses up to this point, he still fought the good fight and came up with the idea of iMarketsLive in 2012.
By 2013 he was able to launch!
In 2016 the amount of members inside the new forex trading MLM had hit 55,000. The community was growing nicely.
The happiness didn’t last too long though. Brokers began shutting down many of the iMarketsLive customer accounts because they were “getting advice from an unregulated advisor”.
We have to interject here. These brokers should not be interfering with accounts. These people are making a lot of money because they paid to make a lot of money.
So what’s the full scoop?
It turns out that iMarketslive was using an automated trading program called “FX Signals Live”.
This program actually mirrored Terry’s exact trades so, in a round about way, you didn’t have to be one of those genius day traders…you could essentially just follow the program.
That is where the line is drawn…there are regulations in the investment world to prevent exactly that. As you can imagine, if you had 50,000+ making the same trading selections…it would probably sway that area of the market.
It was at this time that legitimate brokers began to not allow FX Signals Live to be used. Perhaps one of the most noteworthy of brokers involved was FXCM.
Due to all these new rules and regulations…FX Signals Live was abandoned after 2016.
People were down…but not out.
To replace FX Signals Live, they came out with the Harmonic Scanner. This was a tool that at very least helped investors follow market trends.
The Harmonic Scanner actually scans the market in real time, letting the user know when there are different trading opportunities to capitalize on.
Unfortunately it does take some knowledge of what’s going on and what everything means. Think of the tool as a very watered down version of FX Signals Live.
Full iMarketsLive Review
Scam Risk knows that IML is a hot topic right now with everything cryptocurrency and bitcoin.
We also know that a lot of people are wondering “Is iMarketsLive a scam?“.
Scam Risk wants you to know that we have your back.
We are not affiliated with iMarketsLive in any way and will not be making any sort of profit if you decide to join.
We are going to provide you with an honest upfront review finally answering the age old question:
Is iMarketsLive a scam?
What Are IMarketLive Products?
Let’s first start off by talking about what they offer, and what better way to do that than by checking out some of their different products!
As you can see from the picture you’ve got basically two different education options and two trading software products.
So what are you supposed to get from all 4 of these products?
iMarketsLive claims that you will be able to become an forex trading expert.
But you could learn all this by yourself right?
Sure, there are plenty of videos all over YouTube and Google that can teach what you need to know about the forex market and why.
Besides…all you gotta do is buy low and sell high right?
Nope.
There is a bunch more of information that goes into play!
We’re talking about lots of math and algorithms that nobody quite understands.
And that’s when you see IML make their entrance and present their offering.
They have over 100 videos in their educational platform going over anything from basic strategies to advance day trading strategies.
And you would make a good point…
You could find equal content all over YouTube…
But iMarketsLive actually gives you everything you need in an organized manner.
What you’re really paying for, in our opinion, is the ability to access live trading rooms where the experienced traders are making money online and chatting back and forth with you about their process.
And that’s what people should really care about right?
The quality of the people training them…
No one really cares about the product if you don’t like who you’re getting that product from.
Looking from the inside out, it’s pretty clear to us that some people are having success and really making money with this.
On top of that, Chris doesn’t just abandon you after training…
He hops on live webinars every Sunday night.
Beyond mentorship and education, iMarketslive actually gives you their very own proprietary financial trading software.
Unfortunately it’s no longer the notorious FX Signal Live, but instead, the Harmonic Scanner.
This tool is cool because it scans the market for harmonic patterns that you can make some good money from.
Their Web Analyzer tool actually does the same thing, except it’s for cryptocurrency…and you have to pay per month for it.
Although you’re probably super bummed you can’t get the same exact trades as the experts from FX Signal Live anymore, there is still a way that you find out what the experts are doing…
Swipe Trades will send you alerts about the newest “Forex trading ideas” with guidance and risk management for just $17 per month
Swipe Coin does the same exact thing except it’s for cryptocurrency. The crazy thing though is this one costs $100 a month!! Why such a crazy difference? We don’t think it’s justified.
Even if they are doing all the legwork for you and sending it straight to your phone…
Can we just be extremely blunt here for a second?
If you really knew what you were doing when it comes to trading…you wouldn’t have to pay this company $165 or more to do it. By doing so though, they are getting some nice recurring income.
Here are some options and prices for iMarketsLive
DIGITAL CURRENCY MONTHLY: initial payment: $189.95 monthly payment: $179.95
Products: DC Academy, DC Scanner, SwipeCoin App, IMLTV Sessions
HFFX MONTHLY: initial payment: $189.95 monthly payment: $179.95
Products: HFF Academy, HFF Scanner, PipTalk, High Frequency Forex
PLATINUM PACKAGE: initial payment: $225.00 monthly payment: $164.95
Products: IML Forex and Crypto Academy’s, IML TV (All Sessions), Harmonic Scanner, Swing Trades & Night Owl Sessions, Pip Talk (Basic)
ELITE PACKAGE: initial payment: $325.00 monthly payment: $274.95
Products: IML Forex and Crypto Academy’s, IML TV (All Sessions), Harmonic Scanner, Swing Trades & Night Owl Sessions, Pip Talk (Basic), Swipe Trades, Web Analyzer, Bounce Back, Gold Cup, SwipeCoin, High Frequency Forex, PIVOTS, LEVELS
Yep, we know what you’re thinking…
“MAN THAT’S NOT CHEAP AT ALL!”
And you’d be right to think that, however, sometimes the best things in life do cost a lot of money.
But this course / MLM ain’t it!
We can’t totally throw them under the bus though.
IML is at least nice enough to offer a full refund within 7 days of being a subscriber
They’ve also got a pretty cool 2&free program.
Let’s say that you see value in what they provide…but don’t necessarily want to foot the bill for the monthly payment.
Your solution would be referring two people and getting them to join a monthly plan. If you can do that, then they waive your monthly payment!
Sounds good and stuff right?
Really simple?
Not quite…
We asked one of our employees to summarize their personal experience with forex trading and why they decided to move on to something different that we’ll elaborate on later…
They say that one of the things that you just can’t skip over is the risk associated with trading.
They said: “Look, you could even have Tai Lopez in your corner and things could still go south…there’s just no guarantee that your trades are going to be profitable”.
Next they began to bring up just how much of a get rich quick scheme forex trading is in general. Now they aren’t saying that forex trading is a get rich quick scheme, they’re simply mean that it’s marketed like that.
Their exact words: “They really bait you in good you know? Talking about just how quick you can make money and turn your financial life around overnight. It’s a very hard thing to turn down, and I tell ya what…they really had me believing in it at first…”
The issue with anything else though, as they explained, is that it quickly becomes evident that there is way more to forex than they let you know upfront.
They said: “When I first started, I was under the impression that all I had to do was buy low and sell high. I figured it was simple enough…I was wrong. There is so much more that goes into it, all this crazy math, things flipping on a dime, it’s just so much to keep up with. Don’t even get me started about the emotional commitment of thinking it will work eventually…it’ll just leave you broke in the end like it did me. I wish I would have just doubled down with digital real estate and not given it the time of day.”.
Clearly they didn’t think too highly of it, didn’t make much money, and they wish they would have just put more effort into something that was already making money for them.
Luckily, they’re doing much better now that they’ve regathered their focus on something more profitable.
How Does IML Pay?
Now for the compensation plan!
So as we mentioned earlier, after you have a monthly membership, you can refer two people. If those people join and pay the monthly fee, you no longer have to pay your fee!
Something other people decide to do as well is become an iMarketsLive independent business owner. This costs just $17 per month.
Huh…That IBO thing sounds familiar…isn’t that network marketing?
YUP!
You can make money with iMarketsLive by signing up people and earning a commission. It’s structured very similar to other MLM’s as you would imagine.
If you’re curious about how it’s broken down and what this compensation plan looks like…you’re waits about to end!
So what’s all that mean?
Well your group volume is the amount of money you have in your downline with a monthly fee / membership fee. (145×3 = 435)
Your number of subscribers is the minimum amount of people that have to sign up below you.
The monthly and weekly pays are self explanatory…that’s how much you make per month and per week at that rank.
So what does an even simpler breakdown of this all look like?
Let’s say that you want to be a Chairman 10 because you really want to break the 10k a month mark from home. To do this, you will need to have 500 people sign up under you so that your group volume will equate to $72,500. (500 x 145 = 72,500)
We hope that helps you understand a little bit better.
As you reach each one of those ranks, your residual income will increase accordingly. The tough part though…
Is getting that many people to sign up underneath you. It’s way more difficult than people would like it to be.
Can You Make It With IMarketsLive?
So can you, or anyone else for that matter, make money with iMarketsLive?
As always, the answer is yes, many people have done it. But here’s the thing…it’s not as common as you might think.
You can only “get rich” with MLM companies like these by being towards the top…or by having a great trading account in this case.
Yeah, that sounds like a dick thing to say, but if you’re gonna put in the amount of grueling work to become an MLM IBO or Forex Trader(which, trust me, isn’t easy), you might as well bring in some REAL money.
The program that helped skyrocket my online business to $50,000+ per month teaches some of the MLM skills, but shows you how to monetize them in a much, MUCH more profitable way.
Is iMarketsLive a Scam?
No, iMarketsLive is not a scam. It’s a FOREX Trading software designed by Chris Terry that uses the Network Marketing business model to sell software to thriving FOREX traders who are looking for trading opportunities. Those trading FOREX knows first hand that this is not a get rich quick scheme.
Is IMarketsLive Legitimate?
Yes iMarketsLive is legitimate, but just barely. If someone does any sort of deep research on the MLM model in general…you’ll find hardly any differences between that and a pyramid scheme.
So what is the difference?
The way MLM’s get away with not being a pure pyramid scheme is that they sell actual products or services.
In this case iMarketsLive sell their course and has applications for rent.
They found the loophole.
Is IMarketsLive Illegal?
iMarketsLive is not illegal. It is a perfectly legitimate course / program / MLM, but it, and its CEO Chris Terry have been involved in some investigations throughout the years.
What Happened To IMarketsLive?
In 2016 iMarketsLive was forced to remove their application Forex Signal Live because of how it helped people mirror exact trades of an individual. Brokers everywhere declared that people were getting advice from an illegal advisor.
That is actually a testimony to the success it was having at a certain point…however it got shut down and now a more watered down version exists called the Harmonic Scanner.
Is IM Mastery Academy A Pyramid Scheme?
No IM Live is not a Pyramid scheme…at least legally.
It does sell actual products, in the form of training and applications, to consumers.
However, many people in the course have said that becoming a currency trader is just the start. It becomes very apparent over time that the real people making money are the ones who have others in their downline.
It should come as no surprise either…Chris Terry knew that others at the top of these MLM’s brought in the real dough, he just had to find a way to create his own.
How Do I Get My Money Back From IM Academy?
All you have to do to get your money back is call up their support, have your information ready, and they will process your refund.
However, if you want a refund, you have to request one within 7 days of joining.
Beyond that, you can only cancel your monthly payment for the next month.
Pros
Big Income Without Selling Or Recruiting:
The only way you can make big money in the MLM space is typically by recruiting others to sell for you.
Why?
There’s only so much time in a day anyone can devote to selling.
With forex you can make income without ever having to recruit people.
PJ’s All Day!
Unlike most MLM’s where you have to go through the crappy experience of going door to door or to a bunch of house parties talking about your business opportunity…
Forex allows you to do everything from home since you can execute trades on your phone!
Plenty Of Training
They’ve got everything you need and more!
Cons
Not Cheap
After you factor in the monthly membership fee and the software fee, you’ll see it can easily run you over $2,000 a year!
Potential For Big Loss
Despite what any trader tells you, it is especially difficult to make your way through the FX world successfully without losing money.
With this program in particular, you could be losing more than just your monthly fees, you could lose your investment capital as well.
Sketchy Behavior
CEO has connections to an old Ponzi scheme.
They are banned in Belgium.
The CFTC fined them for operating illegally.
Better Business Bureau was an F then all of a sudden got flipped to an A thanks to a wave of massive positive reviews at the same time.
Conclusion: Is IMarketsLive A Pyramid Scheme?
In the USA it is not declared a Pyramid Scheme, but countries like Belgium have banned it and IM Live has received warnings from France as well.
The CFTC has fined IM Live as well.
So although it hasn’t been legally defined as a scam in America, all anyone would need to do is look around to how other countries have treated it for a broader view and understanding that it probably isn’t the best thing to get involved in.
Does that answer your question?
It is entirely possible to build a profitable, successful online business.
My #1 pick proves this. And unlike iMarketsLive, it actually provides real proof of real success from real people as recently as a few days ago.
FAQ's
We know that besides this course, you probably have questions about Forex Trading in general. We hope these help!
Is Forex Trading Illegal?
No it is not illegal! But because of how it makes some people feel…it might be soon!
How Do You Become A Forex Trader?
Looking for a cheap way to start making money with investing that doesn’t require crazy amounts of cash to start
All it takes to open a forex trading account is $300!
Why Do People Hate MLM Companies?
Most people hate MLM companies because they borderline preach that you can “get rich quick”. Very few people actually avoid these things until they have their own experience or see something bad happen to someone else…like losing a bunch of money.
People also don’t like the “occult” vibes most MLM’s give off, almost treating it like a religion.
Perhaps the biggest reason people hate MLM’s is that they almost never end up making the amount of money that’s advertised and promoted.
They feel lied too at worst and misled at best.
So what’s the solution…?
What Is Our Top Recommendation For Making Money Online In 2021?
Our review team has come across a program in the real estate industry that is next level!
Although it’s not real estate in the traditional sense, it’s all digital.
Where IMarketsLive falls short is in scalability.
There’s only so much time in a day and there’s only so many people you can reach to sell by yourself.
MLM companies know this! Which is why they push so hard for you to recruit for your downline…you can’t get rich with it as a one man/woman show.
But what if you could make even more money off of little local websites without having to spend hundreds of dollars on overpriced products and a bunch of time recruiting people to sell under you?
With this digital real estate program, you can make recurring monthly income without constant sales to your friends and constant recruitment!
Sound too good to be true? Of course it does! But it isn’t…in fact, business owners wish they had this skill!
All you have to do is build and rank a LOCAL website and forward the jobs off to a business owner in town, you could even email it to them!
This works for literally any service based business, tree service, plumbing, towing, etc.
How do you get paid and how much?
Simple, after you forward the jobs off to a business owner and he makes some money off of them, you simply ask to make the deal beneficial for each other.
A fair price to charge per lead, depending on the industry is 10-20%…let’s just use the tree service industry for example and go by worst case scenario.
Let’s say you build and rank the site and only 10 jobs a month come in. The average tree service job is anywhere from $500-$2000!
That means at bare minimum you have an asset worth $500 a month!
See why they call it digital real estate now? That’s a rent payment.
The great thing is how easy it is to scale. You don’t have to worry about:
- Your upline getting paid before you
- Begging your friends and family to buy from you
- Recruiting people all the time
But as it is with IMarketsLive… You only get what’s left of the pie if you meet a monthly quota…
The course we recommend actually allows you to collect HUGE FLAT RATE DEALS. Truly passive income!
The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice over when he is sharing his screen.
You will learn the importance of keywords, website name, how to send call notifications via email, backlinking, etc.
Once the training program is completed you will also have access to a Facebook group much better than the IMarketsLive group in our opinion. This group is much more active.
Unlike IMarketsLive, where you’re getting maybe $10 per sale, you could be getting 10-20X THAT.
A business will always want more leads and another job. In fact it doesn’t even matter that the job isn’t coming from their website name…they see it as it is…expanding digital real estate.
Unlike IMarketsLive, more people have been able to walk away from their 9-5 job as well.
Digital real estate allows you to have total passive income with most of your day being spent WITH your friends, NOT selling to them.
Now, I know you probably have tons of questions…
Things We Liked:
- Plenty of training
- 100% work from home
- Don't necessarily have to recruit
Things We Didn't Like:
- Sketch reputation
- Not cheap
- Could lose a lot of money
ScamRisk's #1 Online
Business Recommendation:
You know deep down what you're meant for. Now they will show you how to go get it.
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