Hi, and welcome to my iMarketslive review. 🙂
Are you wondering whether iMarketslive is a scam or not? 🤔
Gorjan here, and in today’s review, we’ll talk about what Imarketslive is, mention a few of the pros and cons of the company, and ultimately answer whether it’s a legit organization or just another pyramid scheme.
Before we dive in, let me just make clear that I’m not affiliated with the company, nor will I be compensated in any way if you decide to try out their courses.
I’m only writing this because I want to help you make an informed decision by providing you with all the latest details about this institution and its operations.
At the end of this post, I’ll also show you how I make a living online and let you decide whether you want to give my business line a chance or settle with what IM has to offer.
I sincerely hope you enjoy my review, and by all means, please don’t hesitate to share your thoughts with me on how I can improve it for future readers.
Hi, my name is Gorjan, and I’m making a full-time income working from home. Feel free to read my about page if you wish to learn more about my story, past experiences, and how I can help you set up your first actual source of passive income online.
If there’s one specific skill that could dramatically change your life for the better and open doors to new opportunities, then that would be trading.
Understanding that there’s so much to learn before one can become an actual trade, Imarketslive (also known as IM Academy, International Markets Live, and IM Mastery Academy) developed five major courses to give you a structured path towards becoming a master trader.
You can choose between:
- ECX – focused on the U.S
- DCX – for digital currencies
- HFX – for commodities, indices, bonds, metals, and currencies
- FRX – foreign exchange
- Elite – for the complete course
Given that it offers comprehensive courses, Imarketslive is one of the leading institutions in the financial education space and is very popular online, especially for threads related to investing and trading.
Instead of just providing you with a course, you are also paying for an exclusive copy of trading software that guarantees to show the exact patterns and trends in the market in real-time.
Such software can seriously help beginners as it also shows the best entry prices, target selling prices, and cut loss prices.
But as a word of advice, don’t follow it blindly.
Remember that this computer-generated data is only provided for the sake of guiding you and that the prices presented may still change from time to time depending on sudden market conditions and news.
At the end of the day, no one can predict the market.
To ensure that you will not just rely on the software alone, the company is continually upgrading the content of its courses and adding lessons on specific techniques that you can choose to master.
They also have compiled everything into a mobile application so that you feel free to learn anytime, from anywhere, just by using your smartphone.
Considering all the support and the contents’ quality, it doesn’t come as a surprise to me that the company has such a huge social media following with about:
- 129k followers on Instagram
- 73k on Facebook
- …and about 3k on Twitter.
They have also been featured in:
- Yahoo Finance
- America Daily Post
- The Print
- Institutional Investor
…and one of their students is one of the top forex coaches to follow in 2022.
I also wasn’t surprised to learn that the company has a 4.0-star Trustpilot rating with all that media backing. What shocked me the most, though, is that it has a very dissatisfactory C rating on BBB with about 516 complaints in the last three years alone!
Additionally, it shows that the Commodity Futures Trading Commission sued the company back in 2018 due to its unregistered services related to forex.
From where I’m standing, this is why the company has so many different names and websites, like this one and this one).
It’s impossible to find information regarding their lawsuits if you just type in IM Mastery Academy or IMarketsLive on Google.
BBB even filed an inquiry in 2020 as a response to the pattern of complaints they are receiving from the company’s customers.
Upon checking the whole website and their affiliations, I also find it a bit suspicious that their educational products are not recognized or regulated by any institution.
Knowing this, no one can really guarantee that their content is helpful or just an advertisement for the sake of growing their MLM business.
(I’ll discuss more this in the next part).
How Does Imarketslive Work?
If ever you decide to join, you can choose from 5 different plans:
- Elite ($324.94 enrollment fee and $274.95 monthly)
- FRX ($234.95 enrollment fee and $174.95 monthly)
- HFX ($234.95 enrollment fee and $174.95 monthly)
- DCX ($234.95 enrollment fee and $174.95 monthly)
- ECX ($234.95 enrollment fee and $174.95 monthly)
There is also a promotional subscription known as the IBO academy, around $16 for the enrollment fee and $16.71 per month after that.
This type of membership allows you to use some of their products and be given a chance to be part of the company’s MLM compensation plan.
Once you subscribe to any of their courses, you’ll get connected with one of their full-time educators and get 1-on-1 coaching in your spare time.
This coach will help you set up your software and teach you exactly how to interpret patterns depending on your chosen route. Your subscription also gives you:
- Live Forex signal
- Scheduled webinars
- Video materials and other relevant resources
- Live online classes
- Training on how to apply techniques
- Training on how to adapt strategy based on market trends
- Software that automatically scans and monitors data
The company also makes money with network marketing.
Just like how Amway, Worldwide Dream Builder, or FES work, your membership automatically allows you to earn commissions every time you successfully sell the company’s educational products or a subscription to any of the courses.
They basically give you the chance to learn more about trading and earn a little bit of extra money in the meantime.
I like their compensation plan because it is not as complicated as what others have. They have four levels as the following:
- Level 1: 30%
- Level 2: 10%
- Level 3: 5%
- Level 4: 5%
To get to the first level, all you have to do is personally sponsor around 12 people and encourage them to support three more under their name.
Once you have that finalized, you will earn around $500+ per month.
Going up a level is pretty straightforward: make sure you recruit people and have these people recruit even more until you reach the Chairman status. Once you do, you can qualify for more bonuses for you and your team.
Here’s an article explaining why iMarketslive is a modern-day pyramid scheme that gets your attention by making you worry that you’ll miss out.
Is Imarketslive a Scam?
You can now loosen up knowing that Imarketslive is not a scam, as they deliver legit courses and have functional software.
However, I don’t necessarily recommend this company because their 2018 lawsuit kind of worries me, along with their marketing strategy and the fact that they’re way too hard to mask their multi-level marketing operations.
I agree that having solid media backing is essential, but that doesn’t mean that the quality of their educational products is up to par.
Even countries like Belgium, France, and Spain have expressed warnings and concerns over its credibility and deem their entire systems inconsistent and illegal.
easily the best way to make money online!
I also find their website misleading because it forces people to think that they can effortlessly become traders just by purchasing their educational products.
Out of the hundreds of courses I’ve reviewed on this site, this is the first to ask for an upfront enrollment fee! It seems a bit sketchy if you ask me.
With all things considered, I don’t think that it’s a smart move to learn or earn from this company, and that’s why I suggest you skip this one and explore somewhere else until you find the appropriate strategies that will help you trade with confidence.
Day Trading Academy and Warrior Trading would be a good starting point, but please be aware that their price is higher. Still, at least you’ll feel confident knowing that they’re %100 legit and, to top things off, they’ve even been nominated as two of the best education providers in the United States.
How I Make a Living Online
As you reach the end of this post, perhaps you wonder if there really is that much potential and money to be made in trading.
Well, I won’t lie to you that there are lots of possibilities and that you can indeed make a lot of money in a short while. (if you’re skilled at it, of course.)
However, mastering trading takes time and money, and as you may or may not know, you have no choice but to learn from your own mistakes as you go.
If you’re still unsure whether the risks are worth getting involved in, I highly suggest considering giving my business line a chance instead.
I want to introduce you to the business model responsible for my success and tell you that you, too, can step in my shoes and achieve the same if not better results.
I’ve made thousands of dollars doing this throughout the years, but like any other business, there’s no guarantee that you will too.
I’ll gladly show you everything there is to know about it, but I can only do so much at the end of the day, and the rest is up to you and your work ethic.
It’s significantly less complicated than trading, and once you earn enough from it, you can go ahead and try to double your profits through investing.
This type of business applies to anyone looking for a flexible business opportunity that doesn’t require a huge startup cost or upfront expertise.
I first came upon it a few years ago, invested a ton of time and effort into perfecting it, and nowadays, I steadily earn around $5k each month just by doing this.
It was a turning point for me, and I’m forever grateful for discovering it since it freed me from the corporate world, A.K.A the lousy 9 to 5 rat race.
Feel free to go through my money guide if you wish to learn more about it, how it works, and how it can ultimately change your life for the better with time.
I believe it’s about time I put a stop to this iMarketslive review, so hopefully, I was able to provide you with a clear answer to whether it’s a legit or a scam company.
If there’s anything, you’d like to ask me, comment below.
I have tried a few times to learn more about trading; every time I found the whole thing too complicated for me, I always gave up.
I think trading is more for those who already know their way around it and surely is not for people who have no idea about it and are looking for a way to make money online. For those, as you mention, there are far better ways to follow.
Trading is not for everyone, and unfortunately, many people have a hard time understanding that. Most people who get involved in it are doing it because of how it will make them look in front of family, friends, etc., and that’s the last reason you would want to get interested.
There’s a lot of money to be made in the stock market, and I’m absolutely sure that anyone, regardless of their age and background, can become a trader.
Just don’t get curious about it just for the sake of bragging.
Thank you, Gorjan, for digging deep and really pulling back the curtain on this company iMarketslive.
While you conclude that the company is not a scam, severe red flags pull the brakes for me to move forward.
The lawsuits are worrisome, but many large companies do have these, and the details are often masked.
But when you add that Belgium, France, and Spain have all put out warnings on the company, it does not reassure me.
Added to which the enrollment fee is not refundable from what I can gauge. I think that while the courses appear robust to learn training for these reasons I would seek out an alternative company.
Although legit, I still don’t recommend it. I believe there are many unique ways to gain control over your life, and iMarketslive is not one of them.
Hi Gorjan, this is a very informative article.
I personally have not tried using iMarketslive, but there are lots of these types of companies that turn out to be a scam, and it is best if you do not follow them blindly but to go and do your own thorough research on them as you did and then decide if it will be beneficial to you or not.
Thank you for sharing your article; it was very helpful, especially for someone like me that is rather new to the online trading world.
I’m glad you found my review constructive. Whatever you’re planning on doing, just take your time and let things fall into place.