Regulars to this site will know that I spend a lot of time investing in the stock markets around the world – it’s a passion of mine that I regularly dive into whenever I have some spare cash!
These days, I stick to the relatively steady ‘big’ company stocks, but when I first started out, I got drawn in by the volatile and exciting Forex markets!
Now, I have nothing against the Forex markets (also known as the currency markets) – but they are extremely volatile and dangerous places to invest, no matter what ‘new’ software you have in place to help you.
This brings us to the Forex product we will be covering today – iMarketsLive.
So, is iMarketsLive a scam or legit? Can it really help you improve your Forex trading and bring in profits on autopilot?
Let’s take a closer look…
The iMarketsLive Review
What is iMarketsLive?
The ‘full’ name of the product is International Markets Live and it was put together back in 2013 by a guy named Christopher Terry. Their physical address is listed at being in New York.
The product is a little bit of a trading and marketing mish-mash really – they offer training and software for trading, and they also provide a MLM setup if you are looking to market the product yourself.
The training side of the product is made up of the following sections:
- Live Trading Room – A place where killer Forex traders pass on their tricks and routines to teach you how to be as successful as they are.
- Harmonic Scanner – The main International Markets Live software. Designed to scan the markets and point out various trends and signals, to help you pick successful trades.
- Training Room – An obvious one really – an archive of video tutorials and articles linked to successful Forex trading.
- FX Signal Live – Another piece of software. This setup is able to trade for you whenever a signal pops up in the Harmonic Scanner.
The iMarketsLive Compensation Plan
Okay, time to move onto the dreaded MLM side of the product…
You can earn money through this marketing system by taking on the simplest option out of the lot – the First Order Bonus. This option is setup to pay you 50% commission on the first order (for the first month of their membership).
If this is not lucrative enough for you, try looking at the Fast Start Payout or the Earning Residual Income systems.
I could spend all day trying to decipher and go into detail on each of these MLM systems, but, as most of you know by now – they are devilishly confusing and even harder to explain in text format.
They’re MLM – that’s all you need to know!
All this sound a little too much for you? Looking to make some quick and simple money online instead? Check out our Clixsense Review and start earning from mini jobs TODAY!
iMarketsLive Training Prices
So how much does it cost to get your foot through the door with this bunch?
Well, for the Platinum Package you are going to have to fork out $195 initially, then pay a $145 per month fee after that. For the IBO Platinum Package you are going to have to pay $200 up front, and $150 a month after that.
That’s a lot of money per year guys and gals – if you are looking for a free option to build something sustainable online then maybe you’d fancy checking out our #1 recommendation HERE.
I’ll level with you here – I’ve not come across many Forex-related products that DON’T have a tidal wave of complaints following them online, iMarketsLive is no different really…
The Better Business Bureau rating they carry at the time of writing this review is a rather poor F level – which is not good at all!
I’ve also encountered a lot of complaints around the complexities of using this software and trading the markets. If you are new to Forex then this could be a BIG stumbling block for you – one mistake could cost you A LOT of money!
A lot of past users are also a bit pissed at the earnings claims along with the autopilot claims. Apparently the whole setup is a lot more tricky than it’s made out on it’s sales page. Could this be down to the fact that the product owner, Christopher Terry, has had two other failed MLM companies in the past?
Not a good sign really, is it?
Is iMarketsLive Legit?
Well the training seems sound enough, but as for the trading software…I wouldn’t go near it with a shitty stick!
I have a number of years under my belt when it comes to trading (Forex and stocks) and I KNOW that there is no real way to game the system, especially with AI software. You see, the markets are continually changing, and so is the news – so many factors effect whether a currency rises or falls!
If this software really was that good, then why is the owner selling it?
Surely he would be a multi-millionaire by now through using this setup on the market?
Sorry, but I could NEVER recommend something like this. If you want to get into trading then it’s best you learn the ropes – get an education. Etoro is a great place for beginners to the subject to learn at their own pace, and even copy successful traders…