You are welcome to Mitrobe iMarketsLive Review, in this article you are going to find out whether iMarketsLive is a scam or legit Forex investment company.
Many people who have heard about iMarketsLive don’t know how it works or operates, but then they have seen a lot of testimonies on YouTube, just like the one below
Don’t worry, I present to you my iMarketsLive review, that will show you every single thing you need to know about iMarketsLive in the following sub heading below.:
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- What is iMarketsLive
- How Does iMarketsLive works
- How to make money from iMarketsLive
- iMarketsLive compensation plan
- Is iMarketsLive a scam or legit site.
For some days now, I have taken time to analyze what iMarketsLive is all about, their compensation plan, whether it’s a scam or legit Forec MLM.
Now, let’s dive into the world of expression and see what you can get from iMarketsLive.
Firstly, you need to understand that Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is no guarantee of future results
What is iMarketlive?
iMarketsLive is a company created to educate you, lead you, and guide you on how to make money from Forex trading.
It is also a company whereby with their various streams of income opportunities, you can earn money as well through its compensation plans.
I urge you to watch this short video that explain vividly what iMarketsLive is all about
iMarketsLive was founded in 2013 and its a financial trading software company with FOREX education platform designed to take anyone from complete newbie to learning straight from the experts that have over 20+ years experience. Inside the software you get to watch these guys’ every move. Every sale & trade and even have the software make the same trades as these experts on auto-pilot.
iMarketlive practically claim this software is worth thousands of dollars in its ability to make you money and they also have a network marketing opportunity attached to it as well, where you can promote the product to others and earn commission on whatever they make.
If you’re looking for the best online business opportunity then I this one takes the cake…
I also know bunch of traders that still don’t live that life of freedom and abundance so I really don’t know if this software could truly give you that life that you want?
Also is there even a big enough market to promote this kind of product to others?
However according to Google.com/trends, “iMarketsLive” is growing steadily in brand awareness
so they must be doing something right?
one the ways to make sure a network marketing company is legit is if their product is actually good and people are buying it just because they love the product not because they want to simply join in on the business opportunity.
iMarketsLive product is a financial trading software that helps a trader makes the right decisions with the assist of iMarketsLive Trading room which is hosted daily Monday through Friday. Everday you get to peep iMarketsLive traders as they show you exactly what they’re doing to win the market, where there is the most opportunities & what to look for. You’ll in real time what sets certain opportunities apart from others, what makes it good versus what makes it bad. The CEO Chris Terry aka “master trader” is in there often and you get to learn from him.
Also you receive FX signals which are buy & sell signals that the professional iML traders are making everyday. You can set it to automatic which means you can set it & forget it if you choose and you’ll be making the same buying/selling decisions as the expert iML traders.
Harmonic scanner is another product that identifies patterns in the FOREX markets and assists in finding for you the best trading opportunities.
There is also iMarketsLive’s own training platform filled with coaching videos, webinars, and articles that you can go over at your own leisure to learn more about the trading world.
iMarketsLive Company Overview
iMarketsLive is a Forex trading MLM that offers various trading educational products and services to a global audience.
They currently appear in over 120 countries and have training available in 8 major languages.
As you’d expect, their headquarters is located in the center of the financial universe:
New York City, New York.
They also have a staff of over 60 educators who have a single job: Teach peeps like you and me about the joys of Forex and cryptocurrency trading.
How much does it cost?
You can join as IBO or customer
IBO is $15 to purchase and $15 monthly, and you can share the product with others for commission
To become a customer its $195 to buy the platinum package and $145 monthly, and this unlocks the multi-level earning potential. Generates 145 in Group Volume per month.
If you want to treat iMarketsLive like a business opportunity, you need the platinum package.
new recruits get paid 4 levels down
- Level 1: 30% (Personally sponsored members)
- Level 2: 10%
- Level 3: 5%
- Level 4: 5%
after that residuals are paid out in 3×8 matrix, which means at level 1 you have 3 branches and each level down also has 3 branches till it goes down 8 levels. But you do not get 8 levels automatically, you need to advance in ranks by recruiting 12 affiliates. Then you have potential 9840 positions, at max level.
The company pays 8% commission per spot.
There’s also some bonuses, Platinum bonus $5-$35 for every platinum package you sell and Chairman Infinity Bonus $1000 to $4000 but you gotta be super high in the rankings to even qualify.
iMarketsLive Membership Options
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Hey, nobody said day trading was cheap.
To be fair, iMarketsLive does offer a 7 day, 100% money back guarantee to all of its subscribers.
If you’re dissatisfied with their service in any way, you can get a full refund of your membership fee within a week of signing up.
iMarketsLive gives their Customers a “2 & FREE” option as well — if you personally refer 2 people into buying a monthly membership, your membership is free.
Is It a Pyramid Scheme?
If the company generated its revenue mostly by recruiting people for the business opportunity without a real exchange of value then it would be considered a pyramid or ponzi scheme.
That’s people getting duped to spend their money for the opportunity to make money, and once they join they realize it only benefits the person at the top of the pyramid.
People often get confused with network marketing becaues the compensation plan ends up looking like a pyramid, but the main difference is that anyone that join a MLM can start his or her own pyramid structure. Also the primary focus is actually selling the product, so when you want to become an affiliate, you always have to purchase a product which gives you the opportunity to sell as affiliate not the other way around.
iMarketsLive is not a pyramid scheme or a scam, its simply a FOREX software & educational platform company that was created by the expert FOREX master in CEO Chris Terry.
Their proprietary software is what’s primarily being sold here, not a get rich quick scheme.
Just so happens they build a multi-level earning affiliate opportunity on the backend, which is just another form of marketing that allows your customers to do the marketing for you. Obviously helps to distribute your product much more rapidly & aggressively in the market.
What do I think about multi-level marketing?
I personally thinik if a product has a MLM business model attached around it then it slightly degrades the integrity of the product itself because now I don’t know if the rapid rise in popularity or someone telling me about the product is really due to the fact that the product is so damn good or if its just because that affiliate was trying to sell me something so they can make a quick buck?
If a product is so good, I feel like it should be able to stand on its own legs and attack the marketplace.
network marketing was invested in the early 1900’s and its for sure an ingenious way to distribute at scale at a rapid pace but one must do very thorough research & due dilligence to really see if the actual product is up to par.
Here’s a breakdown of what you’ll need to do to qualify for each rank:
iMarketsLive Compensation Plan
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- Group Volume is the total volume of monthly membership fees your downline must have.
- Number of Subscribers is the minimum amount of people you have to sign up below you.
- Weekly Pay is how much you can earn at that rank on a weekly basis.
- Monthly Pay is how much you can earn at that rank on a monthly basis.
So for example, to reach Platinum 150 level, you’ll need to sign up three other people who are paying an iMarketsLive membership fee.
Group Volume (GV) is calculated from back when the membership price was only $145 a month instead of $165+.
So for Platinum 150, you need a GV of 435 because 3 recruits x $145 = 435.
Platinum 600 requires you to have 12 people in your downline and a GV of 1,740, since 12 x $145 = 1,740.
Simply put: The more recruits you and your downline sign up, the higher your rank will climb and more residual income you’ll get paid every month.
Each rank is named for how much money it pays you per month.
For example, if you can reach Platinum 600 level, you’ll earn $600 per month. Platinum 5000 = $5k/mo.
Same goes for the higher ranks e.g. Chairman 25 = $25k/mo. Chairman 100 = $100k/mo. And so on.
Admittedly, it’s not very likely that you’ll be able to pull in those monthly numbers.
But there are a few folks banking some ridiculous amounts of passive income in this company.
iMarketsLive: Quick Summary
Bottom Line: Is This Forex Stuff For Real?
Well, just like any business opportunity whether it’s MLM, Forex, or affiliate marketing…
And if you’re looking to make money online with iMarketsLive, you really have to evaluate both sides of the equation:
Trading currencies and recruiting subscribers.
First, let’s talk about the trading:
Like it or not, Forex trading is like any form of retail trading in the sense that it’s extremely high risk and has a disgustingly low success rate.
For many people (like yours truly), it can also start to feel like gambling after a while.
Feeling unstoppable when you’re on a winning streak, and the self-loathing that accompanies losing your hard-earned cash on a stupid trade.
If you’re still looking for the best money making opportunity so that perhaps you can quit your job that you hate or just live a little bit more comfortably.
Network marketing opportunity like iMarketsLive might be the toughest way to go. Where are you going to find someone interested enough in FOREX trading to spend $145 per month?
The market place is very limited.
I also wouldn’t even recommend day trading as a great way to earn your livelihood to be honest, even though I know some guys that do that. Most of them don’t live the kind of lifestyle I would want anyway.
In 2015, I successfully built my first 6 figure online business and I was able to quit my 9 to 5 and never looked back.
I’ve been living life on my own terms being 100% self employed ever since.
Years later, I found a new mentor called Dan Lok that explains why I was able to reach success, which is to follow his model of financial success the Wealth Triangle.
Investing is the last piece of the triangle and you should only go into investing your money in the markets after you have so much stinkin’ money from your scalable businesses that you don’t know what to do with it.
If you’re still struggling to get by, then investing in yourself is the best form of investment according to Dan and I totally agree.
See most of us might have read self-development books and have the right mindset to succeed.
But if you don’t have any skills, you’re not gonna make it very far.
Making money or being an entrepreneur is very much like being an athlete. Mindset only goes so far. At some point, your gonna need to get your hands dirty, sweat a little and hone your skills.
Skills is what determines how much value you’re able to bring to the marketplace.
Skills gives your life stability because then you can always count on yourself to make money.
The skill I learned back in 2015 is how to generate leads for small businesses, I’ve utilized this skill to go from broke to over $50K per month and build this blog from scratch which I am now using to promote the coaching program that I believe so heavily in.