Is iMarketsLive a Scam
Hello and welcome to the most detailed breakdown of the iMarketsLive review. I’ll be going through every aspects of the program “good and bad”. By the end of the article, you’ll for sure if iMarketsLive is for you.
I’ll also address some controversy which is why are a lot of people thinking the iMarketsLive is a scam or a pyramid scheme.
And why should you listen to me? First of all, I can give you a truly honest, unbiased review because I’m not an affiliate for iMarketsLive.
I’ve been doing trading online since 2007, so I know what I’m talking about when it comes to what it takes to make a killing trade online.
I know you are here to find out if iMarketsLive is a scam or not. There have been a lot of questions about the company, which I decide to answer from the research I did about the company.
If something is too good to be true, it probably is. This is the case with iMarketsLive where it assuredly claims that you can make money by their automated trading system with no or very little effort on your part.
I will have to say you did the right thing by trying to know what you will love to put your money into is all about. Not everybody does such research and they will end up claiming they have been scammed at the end of the day.
I dove deep into iMarketsLive’s platform to see if it really legit or viable for trading today in 2020. Not for 2012.
Within the following review, I’ll be showing whether iMarketsLive could potentially be worth your time and investment or if you’re better off exploring other options to Make Money Online.
Exactly What Is iMarketsLive All About?
iMarketsLive (International Markets Live) is a blend of trading products and services with a network marketing company. It was founded by Isis De La Torre and Christopher Terry in August 27, 2013 and is headquartered in 45 Rockfeller Plaza Suite 2000, New York, NY 10111 USA.
In addition to the headquartered in NY, the company also have an address in UK, located in 9 Chapel Place, London, EC2A 3DQ.
While it appears that iMarketsLive is a legitimate business, many iMarketsLive reviews call them a complete scam or pyramid scheme.
The domain name “imarketslive.com” was registered in January 29, 2013 and updated in February 6, 2016 and the registration will soon expire in 2020.
iMarketsLive was rebranded in September 14, 2019 as IM Mastery Academy. Last year, the company brings in a total $187 millions in revenue. IM Master Academy main services offered include:
- Live education mentorship in major 13 languages
- Trade scanners and algorithms
- Digital currencies trading
- Futures Market
As their affiliate, you are allows to earn a decent income by sharing their services with others and building a passive income through building a network of affiliates and customers. It is also a good place for people that want to profit in the Forex market trades.
Here’s Short Video IM Mastery Academy
Immediately you register with them, they will help you open your Forex account with one of their brokerage firms. The professional traders will start helping you do the trading.
You can allow them to do trades for you or you begin to trade on your own once you learn the tricks. You can learn from their live trading room on how the professional traders are trading. This gives you the insight to the trading options and they also offer other trading education tools as well.
One of the main reasons people are starting to as the question, ” is IM Mastery a scam or pyramid scheme?” is run and operated based on recruiting business model. Direct sales companies are don’t typically have a great reputation for quality or customer service.
What are IM Mastery Academy Products?
When purchasing the program, you will receive several things which include:
Harmonic ($21.95 a month)
This harmonic scanner shows you the patterns in the Forex markets. Laterally, it scan the newest currency pairs for you to place profitable trading.
The Harmonic Scanner will automatically draw and labels different harmonic patterns in the Forex right on your MT4 platform. When you sign in to the harmonic scanner, it looks this.
This scanner populates trades based on the one that are meeting the requirements for the harmonic pattern strategy.
Swipetrades ($21.95 a month)
Swipetrades is application for your smart phone that helps you access live Forex trade ideas and designated entry and risk management. This is an add on product and it include:
- risk points
- Guidance service
You get an easy to follow trade ideas for the markets on the go and a copy button to copy and paste value in to your MetaTrader4. So, you won’t miss the opportunities to take advantages of the market and make the profit.
Swipecoin ($49.95 a month)
Swipecoin is an iPhone and Android app with push notifications of trade ideas, updates and education. It is a 2 in 1 product that offers digital currency education while providing swing and scalping strategies. This is also an add on product.
You get risk points, notes, followups and guidance services. All these services are sent directly to you through smart phone from an educator with over 5+ years of experiences for the digital currency markets.
Vibrata ($21.95 a month)
Vibrata is an exclusive education provide multiple strategies that looks for trade ideas for you and no analysis is required on your end.
Vibrata is used to be called the “Web Analyzer”, however, due to the company rebranding, it’s now call Vibrata. This tool give you the potential setups on various pairs in a variety of ways.
Goldcup ($21.95 a month)
This is a combination of strategies that correlated with an another and look for high profitability trade
It scans the markets to seek out two strategies and the analysis on multiple time frame to fit your trading style. It also includes risk points, notes, followups and guidance.
It is a proven strategy that identifies entry points, stop loss and take profits one level at a time in the market.
The system will find key zones in the markets and allow you to set set pending orders.
Pivots ($21.95 per month)
It is power strategy that takes the guess work out of finding market opportunities by identifying the key reversal zones on many time frames.
In other words, it takes the guess work out of finding you stop loss and take profits. It also allows you to set pending orders.
Liberty ($21.95 a month)
This proprietary focus on finding high pace trade ideas for Binary Options. It gives you the options to find what trading style works best for you
Each strategy is backed by education with goLIVE sessions, scanners, web linger, simple scalper, pickpocket. When you sign in, it looks like this.
Steady ($21.95 per month)
This algorithm will find quality swing trades with risk to reward calculated for you. It is an exclusive strategy that looks for long terms swing trade ideas and allows you to set and forget
This tool gives you trade ideas full parameters and long term trades which allows you to set trade and forget about them. The main features include trade ideas with updated and private training goLIVE session.
Delorean ($21.95 a month)
This is a multiple timeframe algorithm that scans the market simultaneously to give you an alert of when to buy and sell any given currency.
The software scans the 15m, 30m, 1h, 4h and daily timeframe simutaneously to help you not missing a profitable opportunity in the markets. It cans up to 30 currency pairs at the same time and give you the newest opportunity to place a trade.
Bonceback ($21.95 per month)
It is an algorithm that search for and identifies the best entry points for you to get into the markets. This is a strategy that allows you to spend less time looking at charts, and more time doing whatever is you want to do.
The basic premise of this strategy is that you enter the trade as the trend on the higher time frame is turning around. You are provide with 4h time frames.
There are also other offers from IM Mastery Academy.
Elite Academy ( $324.95 Initial Payment and $274.95 monthly)
This is a way of saving some money when you join IM Mastery Academy. It is a cost saving option that will give you access to the FRX, HFR, DCX, goLIVE, and strategies at the lowest price.
FRX Academy ($234.95 Initial Payment and $174.95 monthly)
In the training course, you will learn how to get started with the forex trading. You will gain basic and intermediate level of skills related to forex trading.
After you have done this course, you will know how to analyze the currency for trading by using technical analysis and fundamental analysis. You will be good at reading chart and using technical indicator in order to buy and sell at optimal location.
HFX Academy ($234.95 Initial payment and $174.95 a month)
They will allow you to get full access to HFX academy, goLIVE mentorship and strategies. After you have done this course, you will gain knowledge on price movements in the high frequency, fast paced markets like commodities, indices, bonds, metals and currencies.
DCX Academy ($234.95 Initial Payment and $127.95 a month)
You learn both basic and advance trading techniques about Forex trades and gain in-depth knowledge how to make the right decision in the Forex and Futures market with the IM Mastery Academy products.
ECX Academy ( Price Not Disclosed)
IBO Academy ($16.71 Initial Payment and $16.71 a month)
This is not relate to retail products. This course is for those who want to join IM Mastery Academy for building a home- based business by promoting IM academy’s products and services.
How Do You Make Earn With iMarketsLive?
IM Mastery Academy is operated on Multi-level marketing system. You can join as an Independent Business Owner (IBO) or a customer.
Just like any other multilevel marketing company out there, iMarketsLive comes with the comp plan. You can make money as an affiliate by bringing in people onboard. With that being said, you will need to sign more people up to make more money. Make sense?
There are eleven levels and lines with IM Mastery Academy composition plan. They are:
- Platinum 150- 3 qualified downline recruits and generates 435 Group Volume (GV). Earns $37.50 weekly residuals income.
- Platinum 600- 12 qualified downline recruits and generates 1740 GV. Earns $150 weekly residuals income.
- Platinum 1000- 30 qualified downline recruits and generates 4350 GV. Earns $250 weekly residuals income.
- Platinum 2000- 75 qualified downline recruits and generates 10,375 GV. Earns $500 weekly residuals income.
- Platinum 5000- 225 qualified downline recruits and generates 32,625 GV. Earns $1250 weekly residuals income.
- Chairman 10- 500 qualified downline recruits and generates 72,500 GV. Earns $2500 weekly residuals income.
- Chairman 25- 1250 qualified downline recruits and generates 181,250 GV. Earns $6250 weekly residuals income.
- Chairman 50- 2500 qualified downline recruits and generates 362,500 GV. Earns $12500 weekly residuals income.
- Chairman 100- 5000 qualified downline recruits and generates 725,ooo GV. Earns $25000 weekly residuals income.
- Chairman 250- 1500 qualified downline recruits and generates 2,157,000 GV. Earns $62500 weekly residuals income.
- Chairman 500- 30000 qualified downline recruits and generates 3,350,ooo GV. Earns $125ooo weekly residuals income.
Here’s the Screenshot
You can also earn from products sales and recruiting others into the system.
As an IBO, you will earn $35 on the sales of a platinum stater pack and $50 on the sales of Elite Starter pack.
If you are a Platinum 600 ranked IBO, you will earn an additional residual $10 Platinum Starter pack and $12 on Elite Starter Pack commission on level 2.
If you are a Platinum 1000 IBO, you will earn additional residual $5 Platinum Starter Pack and $7 Elite Starter Pack commission on level down to level 3.
Here’s the Screenshot
The residual income pays out is anywhere from $ 37.00 per week to $ 125,000 per week depending on your rank in their membership’s structure.
For example, a platinum 600 would earn $ 150 per week and a chairman 100 would earn $ 25,000 per week. You get the residual earning by 3×8 matrix system. IMarketsLive pays up to 8% in every commission.
You unlock more levels by inviting more people. It is like this:
- Invite two affiliates – You earn from level 1 to four of the matrix.
- Invite six affiliates – You will be able to earn from the level 6 and 7 of the matrix.
- Invite nine affiliates – You earn from the level seven of the matrix.
- Invite twelve affiliates – You are entitled to earn on matrix 8
How Much Does iMarketsLive Cost?
There are two ways you can join iMarketsLive. You can join either as a customer or an IBO ( Independent Business Owner ).
IM Mastery Academy has two membership plan- Platinum and Elite Starter membership
Platinum Starter Pack ($225 )
You get access to services include Mastery Academy, goLIVE Session, Swipecoin Scalper.
Elite Stater Pack ($325)
With this membership, you get access all of their products and services.
Here’s the Screenshot
Become a customer
It is a good idea to get started with Platinum Starter Packs and Platinum monthly plan. Your initial payment is $225 and your first 30 days are included in this cost. After 30 day, you are required to select a monthly payment plan which with cost you $ 174.95 a month.
There are two way you can make pay for Platinum and Elite Starter packages- pay each month with an initial payment or save money by becoming a prime member.
As a prime member has three options payment to have save some money.
- 3 Month Plan $825.00 with 4 payments a year and you save $50.
- 6 Month Plan $1600.00 with 2 payments a year and you save $100.
- 12 Month Plan $3150.00 with 1 payment a year and you save $150.
Note: Prime accounts are accepted by BTC only at this time
You are not required to participate in compensation plan or IML opportunity.
Become an IBO ( Independent Business Owner)
The price of joining as an IBO is $16.71 and 16.71 a monthly fee. The package includes:
- IBO kit
- Compensation plan
- some training and tools
What I Liked About iMarketsLive
- You can make money.
- They offer highly effective tools and service.
- You can learn both basic and advance about Forex Trading.
- Live Trading.
- No upsells
- The owner is an experienced trader.
What I Didn’t Like About iMarketsLive
- Use recruiting based business model
- They have a very short ( 7 days ) refund period.
- Trading contains substantial risk and is not for everyone
- An investor could potentially lose all or more than the initial investment.
Who Is Exactly For iMarketsLive?
iMarketsLive is meant for those are good at people skill and have a decent size of a budget. If you have a decent size of a budget to invest and think that you are the next best recruiter, then this program may be for you.
Your goals once you get involved in the program is likely going to sell the system to others and push them forward to invest more in the company so you earn more commission.
If you don’t have decent sized budget and you don’t feel like selling the same services to other folks, then may not be the program for you.
This program is only good for those are willing to take a risk because there is no guarantee for any earning. You are totally in control of what you can earn.
Whether you believe this is the type of organization you want to get involved with is up to you. If you feel that iMarketsLive is better, by all means, go ahead. No one’s stopping you.
My Final Thought: Is iMarketsLive A Scam?
If you really want to be a good trader, then I will say that iMarketsLive is a good place to start from. iMarketsLive is somewhat legit though many are blowing the trumpet that the company is a complete scam.
The reason is due to the lack of knowledge of how to trade or how the company operates. Most people will say the business opportunity make them successful while others while claim otherwise. Even some claim their trading platform is only a trick that their interest is entering fee.
Since most of their members earn from their referrals, it’s clear that the company combines the word of the mouth with their trading option.
If you are looking for a way to make money online I think iMarketsLive is a good way to start if you can afford it.
However, if you are looking for an affordable alternative and a 100% risk-free to make money online, I recommend you to check out My #1 Recommendation resources.It is completely free to join. No credit card or bank details required.
Do you happen to have any previous experience with iMarketsLive that you would like to share with everyone else today? Tell me all about it in the comment box below! I love to hear about it.
Thanks for reading.
All the best!
iMarketsLive/ IM Mastery Academy at a Glance
Name: iMarketsLive/ IM Mastery Academy
Owner: Isis De La Torre & Christopher Terry
Price: $225 + $174.95 monthly
Overall Scam Rating: 4.8 Out Of 10
Recommended: NO, Killing Trade is Harder You’re Eating By a Shark or Strikes By Lightening