iMarketsLive review: Is iMarketsLive a scam

Is iMarketsLive A Scam Or Legit? iMarketsLive Review For 2021

Welcome to my iMarketsLive review for 2021.

Is iMarketsLive a scam? Is “X” or “Y” a scam? These are the kinds of questions we ask ourselves when we discover a new opportunity for which we do not have enough information about it.

So, if you have heard about iMarketsLive known as IM Mastery Academy and you are wondering if it is a legitimate company that you can join and make extra money on the side of your day job, you are in the right place.

Because throughout this IM Mastery Academy review, I will delve deeper into the following points:

  • What iMarketsLive is about?
  • What products or services it offers,
  • How much does it cost?
  • ImarketsLive compensation plan,
  • The pros, and cons, and my honest point of view.

iMarketsLive review summary: company’s overview

Company name: International Markets Live, Inc (IM Mastery Academy

Founder & CEO: ChrisTerry

Company website: https://www.imarketslive.com/

Company products & service: trading software, trading course

Cost: IBO – 15$/month; Platinium – 225$ up-front + 174,95$/month; Elite – 325$ up-front + 274,95$/month and upsells

SOW YOUR SEED TODAY rating: 5/10

Recommended?: NO – keep reading to discover “why?”

Want to know how previous struggle internet marketers are making consistent $100 a day online?

Check out this link!

What is IM Mastery Academy aka iMarketsLive about?

iMarketsLive is an MLM company founded in 2013 by a man called Chris Terry, a Network Marketer who worked for Amway, another MLM company in the 90s.

It is a New York-based company that offers FOREX training and Live streaming education classes to beginners and advanced traders who want to enter into this field.

And their training is available in 9 different language.

In a recent interview on Forbe, Terry claims that the IM Mastery Academy has educated hundreds of thousands of people trading and also drop shipping business.

Their educational portal can found at the following internet address: golive.im.

They also offer weekly webinars.

As a customer, you have the opportunity to not only learn from experts in this industry through their Live Trading & Educational Room platform but also to sell ImarketsLive’s products and services to other people and make money.

Before we move on, let’s find out who is behind the IM Mastery Academy platform. And what is his business track record.

About the IM Mastery Academy owner, Chris Terry

Chris Terry known as Christopher Terry

Christopher Terry is Founder & CEO IM Mastery Academy aka ImarketLive.

He is a well-known and successful trader who is making a swoopy eight-figure income with his business. He has been in this industry

He is a well-known and successful trader who is making a swoopy eight-figure income with his business. He has been in this industry

He is a well-known and successful trader who is making a swoopy eight-figure income with his business. He has been in this industry still trades and educates other people on how to trade FOREX, Futures, and Equity markets since 1994. That is over 20 years of experience. ImarketLives released to IM Mastery Academy is born to educate and empower aspiring traders how to trade FOREX, Futures, and Equity markets to make money online with trading..

Christ Terry’s Net Worth has estimated at $2.61 Million dollars as of 24 April 2020.

He is also known as a speaker and his name features in several books and magazines.

You can learn learn more about him here.

IM Mastery Academy review – company’s products and services

FOREX and Cryptocurrency education – IMARKETSLIVE ACADEMY

IMARKETSLIVE Academy is the training portal of the iMarketsLive platform. They offer video courses about FOREX (The Foreign Exchange market) and cryptocurrency trading.

Terry claims that whatever your level in trading (beginner, intermediate or advanced trader) he and his team can give you the skills and knowledge you need to build real wealth no matter where you live in this world.

Sound great?

But before you get excited and jump in, let me ask you a question: can you handle losing money?

In other words, are you a risk-averse person?

If yes, trading is not for you because Forex trading a high-risk activity, and even the experts in this industry lose money for the following reasons:

  • Fast-changing market conditions,
  • high volatility, and leverage.

Keep reading!! You will be surprised.

IMARKETSLIVE TV

This is like another training session where members can copy the professionals trades so that they can get the same results they get.

Throughout this live session of training, subscribers can see how professional traders (Chris Terry, CEO of iMarketsLive and his team) trade in their way in Live, how they analyze the market,…

It is also through these live training sessions subscribers get mindset and mentorship education they claim can help you build real wealth and freedom. For example the

Also, read Affiliate lab review – build a six-figure niche site faster

IML harmonics scanner: financial data and pattern recognition software

It is software that scans the market to provide you financial data that will help you increase your chances of success in your trading operations. This software is available to all level membership.

IML Web Analyze

Like the previous, this is another trade scanner that iMarketLive provides to its users. And, as its name suggests, it is a web analyzer (Mobil App) that scans markets while providing FOREX and Cryptocurrencies market data to help you make the right decisions in your trade transactions.

Only available to Elite members. As a Platinum member, you need to pay an extra fee to get it.

Trade ideas

This is another service that Chris Terry has put in place to charge members even more money. Even if it is not mandatory for members to pay for this service, it remains one of his strategists to make more money from members.

Let’s see what is it? 

Trading ideas. You read it right! Ideas. It is still a form of additional education + trading ideas that you get directly into your mobile phone via their mobile App.

According to them, these are ideas that will allow you to have additional confirmation in your trading timeframe.

Do you now wondering what education they provide at the first level? I mean on the IM Mastery Academy & IML TV level. That’s the question I’m asking myself too.

It’s like a master who educates his students while keeping some information (let’s say the most precious) for later statements: “Pay me more money to discover the secrets that will lead you to have more success!”.

Let’s move into the next section of my ImarketsLive review to find out how much it cost to get started.

IMARKETSLIVE membership plan

There are two membership plans at IML and an affiliate program called Independent Business Owner (IBO).

And guess what?

To share their service and earn a commission (to enroll in their affiliate program), you need to pay $16.71 per month.

As for their 2 membership plans, here are their prices and services associated with each one:

  • Elite Academy costs $324.94 upfront fee then $274.95 per month,
  • FRX Academy costs $234.95 upfront fee then $174.95 per month,
  • HFX Academy costs $234.95 upfront fee then $174.95 per month,
  • DCX Academy costs $234.95 upfront fee then $174.95 per month,
  • IBO Academy costs a $16.71 upfront fee then $16.71 per month.

Each membership package gives you access to features based on the package you have purchased.
This gives you access to their educational portal, Harmonic Scanner + access to some of their trade ideas service.

If you want to unlock most of all the product and service iMarketsLive platform provides you need to buy the Elite Academy membership package.

iMarketslive compensation plan

As announced very early, IMARKETSLIVE’s (IM Mastery Academy) company is an MLM company. Chris Terry, to build his empire, combined an MLM concept with his business. And here is the reason he argues to explain this. 

Chris Terry

I was involved in Amway many years ago and have always loved the idea of working in a team environment, building a culture of excellence, and of course creating a steady residual income stream. I knew that if we added a network marketing compensation plan to our affiliate model, we could allow people to take their residual income and put it into the markets… that’s a powerful concept.

Really?

IMARKETSLIVE’s compensation plan is 3 levels with a residual income (starting just after your 3rd level) that goes up to 8 deep levels (a 3×8 matrix).

– You earn a 30% commission on your direct referrals’ subscription,

– 10% commission on your level 2,

– 5% on levels 3 to 4.

However, it should be noted that to earn your residual income and bonus that goes with it you will need to have and maintain a platinum 150 rank minimum, and that requires that you have 3 active members. That means 3 members who have registered as platinum members.

And the levels range from Platinum 150 to Chairman 500. The higher your rank, the higher your bonus and residual earnings are.

Also, read Entre Institute review – learn how to build a passive income online.

iMarketsLive complaints

There are several complaints against iMarketsLive. But well before I show you these complaints, let me tell you that this company is not accredited by the Better Business Bureau (BBB). And as the picture below shows us, there are 515 complaints (previously 44 in 2019 when I first writing this IM Mastery Academy review) on the BBB website with up to 310 in the last 12 months (previously 39 in 2019).

ImarketsLive review on BBB

This means the company is not doing well these recent years. Does it make sense?

So, keep reading!

IMARKETSLIVE claims that there is a refund for all those who are not satisfied with their service. Yes, we cannot deny that. Maybe members who ask to be refunded are refunded – maybe not!

But the image below shows us that to get a refund, you have to get up early and put on your shoes very well.

And what is surprising and strange, in response to a customer’s complaint on the BBB website he states that: “Depending on the number of requests, and availability of supply, and times of transfer from supplier the process can take a little longer than intended.”

There is no need to blame me!! See the image below or check out this link to see it yourself.

ImarketsLive BBB reviews
a customer complaint

This is another complaint!!

customers complaints against IM Mastery Academy
customer complaint

What other users said about iMarketsLive on TrustPilot:

Customer review of imarketslive company: bad review
IM Mastery Academy review - members' complaints

And…

If there are some bad reviews, maybe there are some good reviews – sure!!

Let’s see what users say:

Some say it is a perfect program for beginners who want to learn FOREX trading as Chris Terry himself claims it, while others say it is not for beginners.

And you know what?

Some users recommend going with the elite package (325$ up-front + 274,95$/month) because the other membership packages don’t have enough info for beginners.

What?? Then who is right?

Help me!! I am completely confused!!

Take a look at the image below.

Imarketslive review: customers' complaintes

Still, wondering if iMarketsLive is a scam or not?

And what the hell is that?

Some review is not accurate and seems to be promotional (just to get sign-ups).

Is imarketslive a scam: bad review, then positive review

He’s disappointed!!! He doesn’t even know where to promote his business anymore! And it’s on Trustpilot he’s trying to promote his business.

There are even ImarketsLive Reddit reviews you can find yourself here.

Does all this mean iMarketsLive is a scam?

The straightforward answer is no. IMarketsLive is not a scam per se. This is a FOREX and digital trading educational platform and the owner Christopher Terry is an expert and a leader in this industry.

Plus you get access to services and products that can be useful for a trading career.

The downside is that there are many IM Mastery Academy complaints out there. That means most people end up losing their money than making profits.

Let’s take a loot these complaints.

However, the Financial Services and Markets Authority (FSMA) warm us against this company. You can read them here.

Is ImarketsLive (IM Mastery Academy) a pyramid scheme?

Most people consider any MLM oppportunity as a pyramid scheme.

However there are difference between both concept.

If the IM Mastery Academy aka ImarketsLive generate its income throughout recruiting new members and not selling retails products, that way ImarketsLive would be a pyramid scheme.

But if members or affiliates can join and promote retails products and make a commission (even from their downlines work), in this case, the IM Mastery Academy is not a pyramid scheme.

And as long as there is a product behind this company, and users pay for a service or product, in no way they can not be considered as a pyramid scheme or a Ponzi.

So this company is not a pyramid scheme.

The fact, most people make money from recruiting new members than trading.

Also, read Legendary Marketers review – best high ticket program?

IMARKETSLIVE Pros & cons

The Good

✔Training materials provided,

✔ Opportunity to learn from an expert in the industry,

✔ Trading tools available,

The bad

❌ You can lose more money than you make,

❌ IMarketsLive membership plan is expensive and may not be a good fit for starters,

❌ Has poor rating from the Beter Business Bureau (BBB) and restrictions operations from The Financial Services and Markets Authority (FSMA),

How I make money online (and you can too)?

Trading is another way to make money online by working part-time and from the comfort of your home. You can even do it at any time and wherever you are.

This is a great point. Where this business model is is not a good fit for everyone is that it involves high risk.

And with the IM Mastery Academy, you need not only to pay hundreds of money every month, build a network team, but you also need to invest thousands of money in trading. And there is no guarantee you will make profits.

Here is how I make money online. I do what I like, I choose the product I want and like to promote. I promote the product and I get paid a commission. This is called affiliate marketing.

And the best part, I don’t chase people because I have put a system in place that does all the hard work for me.

If you are new to this business model, I recommend you check out this post to learn more about it.

Do I recommend iMarketsLive as a way to make money online?

No! I don’t recommend this program to my audience and that for several reasons:

  • There are many complaints and this is no a good sign. Over 300 complaints for the last 12 months.
  • The company has a low rating from customers,
  • Trading involve a high-risk – you can lose all your hard-cash without any results,
  • The membership fee expensive and you will still need to spend money on trading. That is a lot of money while there are other business models out there you can try for zero dollars.

As you yourself have seen above, many of these people are trapped and instead of giving up, they are trying to get other people into it. And if you are not good at recruiting, you will earn absolutely nothing.

If this is what you want and you are ready to go for it, make sure you check out my guide on how to recruit in MLM like a pro to learn how to build your network marketing team fast.

IM Mastery Academy review – final thoughts…

I did my part. I told you what I think about this company while showing you other safer ways to make money online.

So the decision you take is yours. After reading this review, if you still want to join IML, then do so at your own risk.

If you are looking for a proven and genuine way to make money online, I recommend you check out this company.

If you have questions about this post: “is iMarketsLive a scam”, don’t hesitate to write it down in the comment section.

Are you a member or at least have you been a member of iMarketsLive? Share your experiences with us. Tell us what you think about this company.

If you like this ImarketsLive review don’t forget to share it with your friends.

Be ACTION taker, SOW YOUR SEED TODAY!!

To your success!!!

sebastian

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14 thoughts on “Is iMarketsLive A Scam Or Legit? iMarketsLive Review For 2021”

  1. Terrible service. I became a victim of a fraudulent trading company. I lost more than 50 k USD. I thought I had no chance to get back what I lost.

    1. Hi, Jake

      Thank you for stopping and sorry to hear you lost such money on this company.

      Though this will help other people to stay away from this company or any trading platform I found very risky.

      In short, thank you for sharing your experience.

      Best wishes!

  2. Thanks, Sebastian for your thorough review of imarketslive. This program is definitely not for beginners. The company is more focused on recruiting than actually selling their educational programs. thanks for the heads up and hopefully your review will keep people from making that move.

    Much appreciated,
    Madison

  3. Great tips! While I believe making $1k a day is possible for many people.

    The truth is that it takes hard work, the right hustle, and a mentor.

    This is where I found someone to help me plus I was able to join a mastermind of users for free:

    1. Hi, Jenny
      Thank you for stopping by.

      Agree. There is no shortcut to success.
      We need to work hard to accomplish our goals.

      Best wishes!

  4. Hey Sebastian

    Thank you for this review. It was very informative. I had a friend who used Imarkertslive for trading and was recruiting me.
    Although I was a trader I couldn’t join because I believed that a company that is a forex broker and also has an MLM program is dodgy so I never went.
    You have made it very clear that they are not a truly legit company you can use although it is not a scam.

  5. There are so many scams and schemes out there and so many people looking to get rich quick. Reviews such as yours are valuable tools so that people are informed and educated that these scams and schemes are out there.

    Thank you for sharing.

    1. Hi Geri,
      Thank you for stopping by!
      ImarketsLive is not a scam at the moment. But there are too many complaints against the company. Besides, it’s too expensive with a well organized upsell system.
      Thank you for your comment!
      All the best!

  6. Hi Sebastian,

    Thank you for the thorough review of Imarketlive. I don’t know much about Forex trading and I didn’t know that there was even a such thing as an MLM for it, but I’m glad I came across this. While it may not be a scam, it definitely seems like it’s designed to separate customers from their money. That’s a very pricey service per month. It’s upsetting to think that a lot of people may be falling for it and not getting much in return. I am sure that there are some people who are having great success with it, but that seems like a ton of complaints to get in a short period of time. This is one program I will definitely stay away from. Thanks again!

    1. Hello Dan,
      Thank you for stopping bye!!!
      Yes, there are certainly people who have been successful with iMarketLive. There are even testimonies here and there.

      But the real question and the most important one: Have they been successful through FOREX trading with Terry’s training? Or it is through recruitment that these people have been successful?

      Because for me, what is important and valuable is the knowledge acquired that can allow me to earn money in trading and be independent. And if I have to recruit, let it be because I have benefited from something valuable and that needs to be shared. And not because “if someone joins me I’ll earn a commission”!

      I have been in the MLM industry and I know how things work.
      We must be recognized that people, including the company itself, often focus on recruiting new members while forgetting about the usability (for members) or improvement of the product/service (for the company itself).
      And as I said when in a short period of time, they record tons of complaints, it only confirms what I said above – no focus on product/service.
      Even if the company is legit, my advice is to stay away from it. What to say if you are a beginner in trading?

  7. My younger bro is analyzing brokers all over the net. He got a crack with Forex trading and he’s really getting the whole thing. Many companies offer free tools and platforms for trading, but when it comes to actually pay an online broker, well, that’s a different pair of sous. He’s bee interested in Imarketslive but backed down because they were too expensive. Thanks for sharing this review. I’ll show him if he wants to reassure that he’s made the right decision.

    1. Hello, my brother,
      Thank you for your comment.
      iMarketsLive is expensive – yes but the problem is that there are too many complaints about the company these days.
      And the complaints are not only limited to the refund but also to the quality of the training. And what I don’t understand: Why does iMarketsLive refuse to go through the different regulatory bodies of certain countries such as Belgium, France, Spanish?

      Stay blessed!

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