A iMarketsLive Review – Is It A Legit Forex Or BBB Nightmare?

Company: iMarketsLive

Website: imarketslive.com

You were probably searching for some information on iMarketsLive and found my review.

This company has been around a few years and has created a lot of buzz, especially in the trading niche.

I want to take the time to commend you on doing your homework before jumping in head first.

MLMs are not easy to be successful with and you have to plan & set goals in order to make it work.

One of the biggest issues I see with people joining MLMs is that they don’t do very well and then complain about them.

In some cases, the complaints are warranted.

Other times, the fault lies in the fact that people do not get the training that they need and join a MLM without doing any research.

Meaning, you may be unprepared.

This is where I come in.

I do 3rd party reviews that provide all of the information you need to make a more educated decision.

In this review you will see the basic information and then links to provide support for my claims.

Let’s get started.

An iMarketsLive Overview

A man named Christopher Terry is the CEO of International Markets Live.

Their story goes a little something like this.

A small group of traders was struggling and they decided to create this company in hopes of helping other people to succeed in the financial markets.

Although it sounds like a touching story, I’m sure the opportunity to start an MLM and make millions on people joining the affiliate program had nothing to do with the creation of iMarketsLive.

Terry was also involved in other MLMs and was successful with Amway during the latter half of the 90s.

We now move on to the product and services section of the review.

Products & Services

This is one of the most important sections of any review because a company does not have a legit product or service then we have problems.

As you may have gathered already, iMarketsLive provides live trading and education training programs in the Forex business model.

Sounds great right?

Let’s take a closer look.

You really only have two options to join iMarketLive and take advantage of their membership program.

1. Platinum Package – $195 One Time Fee & $145 Per Month
2. IBO Platinum Package – $200 One Time Fee & $150 Per Month

Here is what you get with the member ship programs:

• FX Signal Live
• Live Training Room
• Harmonic Scanner
• Trading Education

I saved the best for last.

The only way to get the IBO Kit and Compensation plan, you have to purchase the IBO Platinum Package.

This is one of the most frustrating parts of iMarketsLive so far.

You have to spend more money just to try your luck with the recruitment side of the business.

Sigh…I mean come on.

Compensation Plan

Let’s take a look at a few of the ways to earn with iMarketsLive.

Recruitment Commissions Payout

There is a 4 level Fast Start Payou:

• Tier 1: 30% via Personal Recruitments
• Tier2: 10%
• Tier3: 5%
• Tier4: 5%

Here is a breakdown of the recruitment requirements.

1. Unlock 1-4 Tiers of the matrix: Recruit 2 members
2. Unlock 5&6 Tiers of the matrix: Recruit 6 members
3. Unlock Tier 7 of the matrix: Recruit 9 members
4. Unlock Tier 8 of the matrix: Recruit 12 members

Although there are 8 different ways of making money through the compensation plan, there is a lot of recruiting involved and I’m not a big fan.

Compensation plans that revolve around recruiting seem to end up failing miserably; unless of course you have been trained in said skills.

If you have any questions after reading this section you should take a look at the iMarketsLive Compensation Plan pdf.

Things I Liked

• Strong compensation plan if you have been trained in recruitment and lead generating skills.
• Relatively transparent, which usually doesn’t happen with trading niche MLMs.

Things I Didn’t Like

• There are many negative reviews calling Terry the latest Forex scam artist.
• So many stock marketing and trading MLMs have failed in the past or shunned by government authorities.
• There are lots of risks when trying to play the stock market.
• You only make money through recruitment, at least from the MLM side of things.
• Their affiliate program is not very newbie friendly.

SCAM CLAIM LINKS:
RipOff Report Article: The author is claiming scam and to get out now because the business will be shut down by government authorities.

BBB Link: The Better Business Bureau only has an address link to their name and has not provided anything else.