You may have come across iMarketsLive if you are searching for forex and digital currency trading.
iMarketsLive’s brand awareness is quite high because there are many people promoting it.
However, most of the positive reviews are written by its affiliates who would receive a commission if you join iMarketsLive through them. So their words are not trustworthy.
I have a passion for reviewing and exploring money-making opportunities, so I have done thorough research about iMarketsLive in the past week. I can tell you everything you need to know about it.
As a disclaimer, I’m not affiliated with iMarketsLive. That means I’m not paid to write this review. So you can be sure that my opinions about iMarketsLive are not biased.
At the end of this article, I’ll also introduce a much better alternative that enables me to build a 4-5 figure online business.
Here’s what I will cover in this iMarketsLive review.
What is iMarketsLive?
iMarketsLive was founded in 2013. It is a financial trading software company. It also has a FOREX education platform which teaches people how to trade. Some experts there have over 20 years of trading experience, so you can learn from them.
On the platform of iMarketsLive, you can see how the experts trade and you can follow them live. You will have an idea of when and where to trade. That’s why it is called iMarketsLive. However, they are not responsible if you lose money.
iMarketsLive claims that the software is very valuable as it can help you make money. You can also become their affiliate and promote it to others to earn a commission. It is based on a multi-level marketing structure.
Who is Christoper Terry?
Christopher Terry is the CEO of iMarketsLive, which is also known as IM Mastery Academy. It is estimated that Christopher Terry has a net worth of over $2.5 Million.
At the time of writing, he has around 88k Instagram followers. But he is not very active on YouTube. I cannot find his YouTube channel.
Christopher Terry said that the best time to trade forex is when the marketing crashes.
iMarketsLive Products Review
You may ask if iMarketsLive’s product is good or not. Are people joining because they love the product or for other reasons?
As mentioned, iMarketsLive is a trading software. It has various products:
FX Signals Live
It is a trading service that claims to be a create and go system. That means you can just follow the gurus to do forex trading.
Live Trading Room
This live trading room allows you to see the move of experts doing forex trading. You can follow them if you want but it doesn’t guarantee success.
The Harmonic Scanner is a tool that will give you a signal automatically when it’s time to do forex trading. It will identify patterns in the FOREX markets and help you find trading opportunities.
This is the flagship product of iMarketsLive. You can learn forex trading from scratch. There are coaching videos, webinars and articles you can go through and learn about trading.
There are two packages. You have to pay at least $195 to get started.
Customer Platinum Package
This package costs $195 for the first month. After that, you have to pay $145 every month.
IBO Platinum Package
This package costs $210 for the first month. After that, you have to pay $160 every month.
Personally, I think iMarketsLive is overpriced. You might lose money after paying so much money for the membership fee.
Is iMarketsLive a Scam?
iMarketsLive is not a scam. At least, I don’t have sufficient evidence to prove it. However, that doesn’t mean I recommend iMarketsLive. Personally, I think iMarketsLive is not worth time and money.
Actually, I’m quite suspicious about iMarketsLive because I don’t see any verified success stories. I reckon many people actually lose money after joining it.
Also, iMarketsLive operates in the way like a pyramid scheme. You can find quite a lot of typical features of pyramid schemes on iMarketsLive.
Pyramid schemes have a characteristic that people do not make money from the program itself, but by recruiting people into the program. Only people at the top of the pyramid make money.
While iMarketsLive provides forex training on the platform, most people are making money by recruiting people into the platform.
Like most MLM companies, they have a very complicated and complex compensation plan for recruiting new members.
I reckon only 1% of people are making money, a majority of them actually lose money. This is common for most MLM programs.
Actually, iMarketsLive has been warned by FTC, UK’s FCA, AMF in France, Belgium’s FSMA for doing unauthorized activities. So this should give you red flags.
Therefore, I don’t recommend anyone to take the risk to invest in iMarketsLive if you really want to make more money. I don’t want you to lose money at the end of the day.
Actually, I have a much better recommendation for you, which I have joined for a year and have been making a consistent 4-5 figure monthly income.
You will learn how to build a legit digital asset from scratch and make a steady stream of passive income. It’s the easiest but sustainable business model.
I will tell you more about this great alternative in detail in the next section.
Is There Any Better Alternative To iMarketsLive to Make Money?
Although investing is one of the most popular ways to grow your wealth and give you some passive income, forex trading is unpredictable.
Even if you have the tips or insights from the so-called experts on iMarketsLive, it doesn’t guarantee you will win. Only God knows when the market price will rise or plunge. You may be able to make some money in a few attempts, but lose it all in the other attempts.
So if you really want to make a stable and secure stream of passive income, I would suggest you start an affiliate marketing business online instead.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has a free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.