iMarketsLive Review – Is Investing in iMarketsLive Safe?
iMarketsLive is a multi-layer marketing (MLM) company founded by Christopher Terry in 2013, which offers forex trading signals and educational programs. It is both an investment platform and a broker. Definite questions about the legitimacy of the company, given its business model and the history of founders, are already surfacing.
There is an official website: imarketslive.com; however, the website redirects to another domain. More uncertainties are revolving around the company.
iMarketsLive Business Model
iMarketsLive defines itself as a forex training site. It claims to have transformed traders of all sorts from zero experience to greatness with its trading tools and training programs. However, doubts arise due to its MLM approach.
How It Works
- Customers buy a subscription to receive live trading sessions and financial trading software.
- Subscribers earn commissions by bringing others to the platform.
- The company pushes its network marketing opportunity very hard as a supplemental income stream.
- Monthly subscription prices reach up to $165, making it hard for most users to make money.
Many critics argue that the focus on recruitment rather than actual trading success resembles a pyramid scheme.
Forex Signals in iMarketsLive
iMarketsLive gives forex signals which are trading signals based on indicators, chart patterns, and market trends. You can manually or automatically execute these signals.
Are Forex Signals Reliable?
- Signals are meant to forecast and predict the movements of the market for a trader.
- Such signals are purely based on technical analysis and do not guarantee profits.
- Users have reported a range of outcomes, with many consumers finding it difficult to consistently receive their money back.
Is iMarketsLive Legit?
A genuine forex broker needs to be regulated by financial authorities’ regulation. However, iMarketsLive does not register with any regulatory agency, thus making it a completely unregulated platform. Because there is no oversight, investors are not protected by the law.
Key Concerns:
- No regulatory approval – iMarketsLive does not hold any official forex trading licenses.
- Low earnings for affiliates – Reports indicate that most members earn less than $250 per year.
- High subscription costs – Users pay significant monthly fees but see minimal financial returns.
Due to these factors, many traders question, Is iMarketsLive a Legit Website? The absence of regulatory control and transparency raises the possibility that the platform is unreliable.
Background and Transparency
iMarketsLive has faced multiple legal and regulatory issues worldwide. Several financial authorities have either banned or issued warnings about the company.
Regulatory Actions:
- Belgium, France, and Spain – Authorities in these countries classified iMarketsLive as a potential pyramid scheme.
- Federal Trade Commission (FTC) – In 2018, the FTC fined iMarketsLive $85 million for compliance violations.
- Founder’s History – Christopher Terry was linked to Zeek Rewards, a company shut down by the SEC for fraudulent activities.
- VP’s Background – Alex Morton, the company’s Vice President, was previously associated with Vemma Nutrition, another MLM company deemed a pyramid scheme by the FTC.
These regulatory actions further question the legitimacy of iMarketsLive.
Final Thoughts on iMarketsLive
iMarketsLive presents itself as an educational forex trading platform, but its MLM structure and lack of regulation raise serious red flags. While some users may find value in its training resources, the majority struggle to make a profit.
Key Takeaways:
- Unregulated Broker – iMarketsLive is not licensed by any financial authority.
- MLM Business Model – More emphasis on recruitment than actual trading success.
- Expensive Subscription Fees – High costs with little financial return for members.
- Regulatory Warnings – Multiple global regulators have raised concerns about the company.
If you are considering joining iMarketsLive, it’s crucial to research thoroughly and explore safer, regulated alternatives in the forex trading industry.
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