What is IMarketsLive?
iMarketsLive, also known as International Markets Live, is a Network Marketing company that focuses on FOREX Trading (shorthand for Foreign Exchange). This software is intended to help a currency trading make more money by finding trading opportunities. However, they can lose a lot of money if they aren't careful.
It's just another one of the making money online program that is focused on selling a clapped-out membership that supposedly earns you money by playing with stock bros/pump and dump crypto.
You don't have to risk your life savings for something worthwhile, Elon could even fuck up with tweets
You can create yet another mess that your parents make about you, but we won't stop you.
This book is supposed to teach you how to become 6-figure day traders, but it's really out of reach for many people with limited budgets and student loan debt.
It's not true. You won't make a lot of money chasing the latest trend on reddit.
We have to be truthful in this review...
IMarketsLive provides some great information that will help you make money online and to land huge trade profits.
It's outdated!
The end of this article will answer many frequently asked questions about IMarketsLive, and cheap trades generally.
Because it employs some of the same skills, but in a more powerful and lucrative way, this system made me swear by Crypto and Stocks!
Let's get to the IMarketsLive stuff for now!
Who is Christopher Terry?
Christopher Terry is the CEO of International Markets Live. He founded it in 2013.
What's really troubling is that you won't be able to find basic information on iMarketsLive.
When we ask them for more information on the website, I don't think that we are asking too much.
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.
You won't get this 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 taking some time to look around, our team was able to locate a bio about Chris on their website.
"Mr. Christopher Terry started his journey in construction as both a worker and later as an owner. This lasted for almost 12 years. In 1995, he discovered commodities trading and began to immerse himself in the markets.
He was able to leave his Construction Business that had been generating sales of over $40 million in the same year in 3 years to be a full-time trader.
He successfully applied this winning strategy over the years, gaining the required learning and experience from the right Mentors, and then copying the strategies of successful people.
He realized that the same method of following his success, step by step, could lead average people to the same success he had.
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.
In August 2012, Terry decided it was time for him to take action on his Philosophy, and International Markets Live, Inc. was created.
What isn't said about Terry in this little biography?
His extensive history in network marketing and MLM's! This is what we think!
Terry claimed that he started with Amway but didn't make any money.
It's a shocker, but very few people do.
He said that it gave him the "Mindset Of Wealth."
Translation:
The men at the top make the most money. I needed to find a way to build a huge downline.
It was a little bit of a guess here...but it could also have something to do Chris Terry also promoting Zeek Rewards...the Ponzi scheme that the SEC busted back 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.
He was able launch his company in 2013!
The forex trading MLM reached 55,000 members in 2016. The community was growing nicely.
However, the happiness did not last long. Because they were receiving advice from unregulated advisors, brokers began closing many iMarketsLive customer account.
Here is where we have to intervene. Brokers should not interfere with accounts. These brokers are making a lot because they have paid a lot to make a lot.
What's the scoop?
It turned out that iMarketsLive used an automated trading program called FX Signals Live.
The program actually mirrors Terry's trades so you don't need to be a genius day trader. You can simply follow the program.
This is the point where the line gets drawn. There are regulations in place to stop that. It is possible to imagine that if there were 50,000+ people making the same trading decisions, it would likely sway the market.
At this point, legitimate brokers stopped allowing FX signals Live to exist. Perhaps one of the most noteworthy brokers involved was FXCM.
FX signals Live was discontinued after 2016, due to these new rules.
People were down...but not out.
They created the Harmonic Scanner to replace FX signals Live. This tool was at most able to help investors track 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.
It does require some knowledge about what is happening and what it all means. The tool can be thought of as a simplified FX signal Live.
Full iMarketsLive Review
Steady Calls is aware that IML is a hot topic right at the moment with all things cryptocurrency and bitcoin.
We are also aware that many people wonder "Is iMarketsLive a fraud?"
We wants to let you know that we are here for you.
We are not affiliated with iMarketsLive in any way and will not be making any sort of profit if you decide to join.
We will give you an honest, upfront review that answers the age-old question:
Is iMarketsLive a fraud?
What are IMarketLive Products?
Let's start by discussing what they offer. And what better way than to check out their products?
As you can see from the picture you've got basically two different education options and two trading software products.
What are you supposed to get from these 4 products?
iMarketsLive claims that you can become a forex trading expert.
You could also learn this information yourself.
There are many videos on YouTube and Google that will teach you everything you need to know about forex markets and why.
You don't even have to buy high and sell low, right?
Nope.
There are many more details!
We're talking about lots of math and algorithms that nobody quite understands.
That's when IML makes their entrance and presents their offer.
They have over 100 videos in their educational platform going over anything from basic strategies to advance day trading strategies.
You would be a great point...
YouTube could have the same content...
iMarketsLive gives you all the information you need, organized.
We believe that what you really pay for is the opportunity to have live access to trading rooms, where experienced traders make money online, and chat back and forth about their process.
That's why people should care.
They are trained by the best people.
No one really cares about the product if you don't like who you're getting that product from.
We can see that certain people are really having success and making money by looking at it from the inside.
Chris isn't content to just leave you after your training.
Every Sunday, he takes part in live webinars.
Beyond mentorship and education, iMarketslive actually gives you their very own proprietary financial trading software.
It's not the FX Signal Live anymore, but the Harmonic scanner.
This tool is great because it scans the marketplace for harmonic patterns from which you can make good money.
Their Web Analyzer tool actually does the same thing, except it's for cryptocurrency...and you have to pay per month for it.
Even though you are probably disappointed that you cannot get the exact same trades from FX Signal Live, there is still an option to find out what 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. This one is $100 per month! What is the point of such a huge difference? It's absurd, we don't believe it.
Even if they do all the legwork and send it directly to your phone,
Let's be very blunt for a moment.
You wouldn't need to pay $165 to learn what trading is all about if you had the right knowledge. They are earning a nice recurring income by doing this.
Here are some options and prices for iMarketsLive
DIGITAL CURRENCY MONTHLY: Initial payment $189.95 Monthly payment $179.95
Products: DC Academy and DC Scanner, SwipeCoin App, and IMLTV Sessions
HFFX MONTHLY Initial payment $189.95 Monthly payment $179.95
Products: HFF Academy and HFF Scanner.
PLATINUM PACKAGE Initial payment: $225.00 Monthly payment: $164.95
Products: IML Forex & Crypto Academy's (All Sessions), Harmonic Sccanner, Swing Trades and Night Owl Sessions, IML TV (All Sessions), IML TV (All Sessions), IML TV (All Sessions), IML TV (All Sessions), IML TV (All Sessions), IML TV (All Sessions), IML TV (All Sessions), IML TV (All Sessions), IML TV (All Sessions), IML TV (All Sessions), IML TV (All Sessions), IML TV (All Sessions), Pip Talk (Basic),
ELITE PACKAGE Initial payment $325.00 Monthly payment: $274.95
Products: IML Forex & 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.
Yes, we get it...
"MAN, THAT'S NOT CHAP!"
You'd be right to believe that the best things in life can come at a high price.
This course/MLM is not for you!
We can't totally throw them under the bus though.
IML is kind enough to issue a full refund within seven days of becoming a subscriber
You can also get 2&free from them.
Let's say that you see value in what they provide...but don't necessarily want to foot the bill for the monthly payment.
Referring two people to a monthly plan would work. They will waive your monthly payments if you are able to do this.
It sounds great, right?
Is it really that simple?
Not quite...
One of our employees was asked to share their forex trading experience and explain why they chose to change. We'll continue to expand on this later.
Trading is a risky business.
They stated that even if Tai Lopez was in your corner, things could still go south. There's no guarantee that your trades will be profitable.
They then began to discuss how lucrative Forex trading can be as a way to get rich quickly. They are not saying forex trading is a scheme to get rich fast, but they do mean that it is.
They say, "They really baited you in good you know?" Talking about how quickly you can make money, and turn your financial situation around in a matter of minutes. It's hard to believe in, but it was hard for me to refuse.
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 stated that "When I started out, I believed I could just buy low and sell high. It seemed simple enough, but it wasn't. It's not as simple as it seems. There are so many details involved, such as all the math and flipping things on a dime. 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 as it did me. "I wish I had just doubled down on digital real estate, and not given it the chance."
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.
They are doing better now that their focus is on something more lucrative.
What does IML pay?
Let's get to the compensation plan!
As we said, you can refer up to two people after you have obtained a monthly membership. You no longer need to pay your monthly fee if they sign up and pay the fee.
Other people also decide to become an independent business owners. It costs only $17 per month.
Uh...The IBO sound familiar...isn’t it network marketing?
YUP!
iMarketsLive allows you to make money by signing up others and earning a commission. It is structured in a similar way to other MLMs, as you might imagine.
If you're curious about how it's broken down and what this compensation plan looks like... you wait about to end!
What does all this mean?
Your group volume is the total amount of money that you have in your downline, minus a monthly fee or membership fee.
The minimum number of people who have to sign up for you is your number of subscribers.
The weekly and monthly pays are easy to understand. They show how much you earn per week and month at this rank.
What does a simpler explanation of all this look like?
Let's suppose you want to become a Chairman 10 because you really want the 10k per month mark at home. You will need 500 people to sign up for your group to reach $72,500. (500 x145 = 72,500).
We hope this helps you to understand the concept a bit better.
Your residual income will rise as you attain each rank. The hard part is...
How difficult is it to get that many people to sign-up under you? It is much more difficult than most people think.
IMarketsLive: Can You Do It?
You, or anyone else, can make money with and iMarketsLive.
The answer is yes. Many people have done it. It's not as common, however, as you might think.
You cannot "get rich" in MLM Companies like these unless you are at the top...or have a great trading account.
Although it sounds sexist, you can make some serious money if you are willing to put in the hard work required to become a Forex trader or MLM IBO.
Is IMarketsLive a Scam?
iMarketsLive does not scam. This FOREX Trading Software was created by Chris Terry. It uses the Network Marketing model to sell software to FOREX traders looking for trading opportunities. This isn't a quick money scheme.
Is IMarketsLive Legitimate?
iMarketsLive is legitimate. But only barely. You'll see very little difference between MLM and pyramid schemes if you do any deep research about the model.
What is the difference?
MLMs are not a pyramid scheme. They sell products and services.
In this instance iMarketsLive sells their course and offers applications for rent.
They discovered the loophole.
Is IMarketsLive Illegal?
iMarketsLive does not violate any laws. Although it is a legitimate course/program/MLM, Chris Terry, its CEO, has been subject to some investigations over the years.
What happened to IMarketsLive?
iMarketsLive had to pull their application Forex Signal Live in 2016 because it allowed people to mirror the exact trades of another person. All brokers claimed that clients were receiving advice from an unlicensed advisor.
This is actually a testament to its success at a point...but it was eventually shut down, and now there's a simpler version called the Harmonic Scanner.
Is IM Mastery Academy a Pyramid Scheme?
No IM Live is not a Pyramid scheme…at least legally.
It sells actual products to consumers in the form of training and applications.
Many people who have taken the course say that being a currency trader is only the beginning. Over time, it becomes clear that those who have other people in their downline are the ones who make the most money.
It shouldn't surprise anyone!
Chris Terry was aware that other MLM's were bringing in real money, so he had to figure out a way to make his own.
How can I get my money back from IM Academy?
To get your money back, all you need to do is contact their support and have your information ready. They will process your refund.
However, if you want a refund, you have to request one within 7 days of joining.
You cannot cancel your monthly payments for the following month beyond that.
Pros
You can make a lot of money without selling or recruiting.
The best way to make a lot of money in MLM is to recruit others to sell your products.
Why?
Selling is a time-consuming task.
Forex can help you make money without the need to hire people.
PJ's All Day!
Contrary to most MLM's, where you must go door to door and to many houses parties to talk about your business opportunity, this MLM is different.
Forex lets you do everything at home, as you can trade on your smartphone!
There are many training opportunities!
They have everything you need, plus more!
Cons
Not cheap
Add in the monthly fee for membership and the software fee and you'll quickly see that it can easily cost you more than $2,000 per year.
Potential for big losses.
It is extremely difficult to navigate the FX market without losing your money, despite what every trader will tell you.
This program is especially risky because you may lose more than your monthly fees. You could also lose your investment capital.
Sketchy Behavior
An old Ponzi scheme is connected to a CEO.
They are prohibited in Belgium.
They were operating illegally and were fined by the CFTC.
Better Business Bureau started out as an F but was quickly elevated to an A by a flood of positive reviews.
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.
It has not been legalized as a scam in America. However, anyone can look at how other countries have dealt with it to gain a wider view and understand that it is probably not the best thing to get involved.
Is that your answer?
It is entirely possible to build a profitable, successful online business.
It is also a real example of success, unlike iMarketsLive. This was just a few days ago.
FAQ
We know that besides this course, you probably have questions about Forex Trading in general. These are our hopes!
Is Forex Trading Illegal?
It is legal! But because of how it makes some people feel...it might be soon!
How do you become a Forex trader?
You are looking for an inexpensive way to make money investing? It doesn't take a lot of cash.
It takes only $300 to open a forex trading accounts
Why do people hate MLM companies?
Most people hate MLM companies because they borderline preach that you can "get rich quick." These things are rarely avoided unless someone has had a bad experience, or is witness to something terrible happen to them.
People also don't like the "occult" vibes most MLM's give off, almost treating it like a religion.
The biggest reason MLMs are so hated is the fact that almost no one makes the money they advertise and promote.
They feel lied to at worst and misled at best.
What's the solution ...??
What is the #1 Recommendation for Making Money Online in 2022?
Our review team discovered a program that is top-notch in the real estate industry!
It's digital, but not real estate.
IMarketsLive falls short in scalability.
You have a limited amount of time and you only have so many people to reach.
MLM companies understand this! MLM companies know this and will push you to recruit others for your downline. You won't make it big as a one-man/woman show.
What if you could make more money from your local websites? Without spending hundreds of dollars on expensive products or spending a lot of time recruiting people who will sell under your brand?
This digital property program will allow you to make a recurring monthly income with no sales to friends or constant recruiting!
Does it sound too good to be true It does, of course! It isn't, in fact, many business owners wish they had this skill.
You can simply build and rank a local website, and then forward the jobs to a business owner.
This applies to any service-based business such as tree service, plumbing, or towing.
What are the best ways to get paid?
It's simple, once you have sent the jobs to a business owner, he makes some money from them, you just ask for mutual benefit.
Based on the industry, a fair price per lead is between 10-20 %... let's take the tree service industry as an example and use the worst-case scenario.
Let's suppose you rank the site, and that only 10 jobs per month are received. Tree service jobs can range from $500 to $2000.
This means that you should have at least $500 per month in assets!
It's digital real estate, which is why they call it now. This is a rent payment.
It is easy to scale. There are no worries about:
You only get what you can afford if your monthly quota is met.
You can actually get huge FLAT RATE DEALS by taking the course that we recommend. This is truly passive income!
This training program will take making money online to another level.
You will be guided by the owner of the program, who will also share his screen and occasionally speak to you.
Learn the importance of keywords and website names, how to send calls notifications via email, backlinking and more.
After the training program is complete, you will have access to a Facebook Group that we think is better than the group. This group is more active.
Contrary to IMarketsLive where you only get $10 per sale, you could get 10-20X that.
Businesses will always need more leads and another job. It doesn't matter if the job isn’t coming from their website. They see it as it is...expanding their digital real estate.
IMarketsLive has seen more people leave their 9-5 jobs than any other.
You can have passive income from digital real estate, but most of your time will be spent with your friends and not selling to them.
You probably have a lot of questions.