iMarketsLive Review – Legit Biz Op or Huge Scam 2019? Find Out Here…
Welcome to my iMarketsLive Review!
Recently here in cyberspace, I have heard some buzz about this business, so I thought this was a good opportunity to examine it for myself!
I always say that before of joining any business, it is always in your best interest to research it as much as possible.
Finding out all the facts you can about a business will only benefit you in making a well-informed decision.
In my review, I will provide you with needed info about the company, its products and the compensation plan.
Check out the rest of this review to learn more about iMarketsLive!
iMarketsLive Review – The Company
A Facebook post on the 6th of August, 2016 revealed that the acting CEO Christopher Terry mentioned to Alex Morton that ‘he had been through hell and back and his company at the time was barely surviving.‘
Having separated from a company called Vemma right before the FTC shut it down, Morton was promoting Jeunesse for almost 12 months at the time.
Morton alleges that Terry said
he knew it had the best products and services on the planet and that he had unwavering belief that he would take his company to the top one day no matter what.
Morton then continued on to sign as the company’s Vice-President of Sales.
Nonetheless, if there’s one skill Alex Morton has it’s generating affiliate sponsorship for MLM companies.
Whilst the company has experienced a renewal in growth over the past 10 months, you can count Morton as an obvious contributing factor in this as well as other aspects.
iMarketsLive Reviews – The Products
The company offers a Platinum Package membership, which opens the doors to FX Signals Live, a Live Trading Room, Harmonic Scanner and training education.
FX Signals grants access to automated Forex returns, and according to the company’s website:
Whether you’re sleeping, partying, working, or all three, your trading account will automatically mirror the trades our experts make.
Access to live trading with CEO Christopher Terry is offered in the Live Trading Room by webinar.
A Harmonic Scanner, a 3rd-party MT4 trading software that users can utilize, ‘accurately identifies key harmonic patterns’.
The IML Harmonic Scanner automatically draws and labels different harmonic patterns in the forex market right on your MT4 platform.
The Trading Education is provided by Christopher Terry and is a “hands on education everyday.”
We also offer a full trading library, stacked with videos, articles, and webinars for you to view anytime on various topics.
The company’s Platinum Package goes for $195 and later $145 monthly.
It’s main competition is SilverStar Live and Copy Profit Success Global.
The iMarketsLive Compensation Plan
Affiliates are paid to market and sell Platinum Packages
Retail volume is compulsory, with commissions paid out on a weekly timeline depending on rank and residually by an infinity bonus,
iMarketsLive Affiliate Ranks
The company compensation plan features 10 affiliate ranks, each with its own respective qualification criteria:
- Affiliate – Sign up as an iMarketsLive affiliate ($15)
- Platinum 150 – Sponsor and maintain at least 3 affiliates and have a total downline volume of 435 PV monthly
- Platinum 600 – Sponsor and maintain at least 12 affiliates, achieve 290 PV monthly in retail sales and have a total downline volume of at least 1740 GV monthly
- Platinum 1000 – Sponsor and maintain at least 30 affiliates, maintain 290 PV monthly in retail sales and have a total downline volume of at least 4350 GV monthly
- Platinum 2000 – Sponsor and maintain at least 75 affiliates, maintain 435 PV monthly in retail sales and have a total downline volume of at least 10,875 GV monthly
- Platinum 5000 – Sponsor and maintain at least 225 affiliates, maintain 435 PV monthly in retail sales and have a total downline volume of at least 32,625 GV monthly
- Chairman 10 – Sponsor and maintain at least 500 affiliates, maintain 435 PV monthly in retail sales and have a total downline volume of at least 72,500 GV monthly
- Chairman 25 – Sponsor and maintain at least 1250 affiliates, maintain 435 PV monthly in retail sales and have a total downline volume of at least 181,250 GV monthly
- Chairman 50 – Sponsor and maintain at least 2500 affiliates, maintain 435 PV monthly in retail sales and have a total downline volume of at least 362,500 GV monthly
- Chairman 100 – Sponsor and maintain at least 5000 affiliates, maintain 435 PV monthly in retail sales and have a total downline volume of at least 725,000 GV monthly
Note: No more than 40% of the compulsory monthly GV can be obtained from any one unilevel leg.
Another thing that should be noted is unless a unilevel leg’s quantity is formed by at least 55% retail GV, non-retail GV counted from that leg is decreased until the retail GV equals 55%.
PV is short for “Personal Volume” and is sales volume accumulated by retail Platinum Package transactions and affiliate personal package purchases (retail volume constraints exclude affiliate purchases).
GV is short for “Group Volume” and is PV accumulated by an affiliate and their downline.
Platinum Package Retail and Recruitment Commissions
iMarketsLive pay the same commission on all Platinum Package purchases, be it retail customer purchases or that of sponsored affiliates.
- Platinum Directors earn $35 on level 1 (personally referred customers and sponsored affiliates)
- Platinum 600s earn $35 on level 1 and $10 on level 2
- Platinum 1000s and higher earn $35 on level 1, $10 on level 2 and $5 on level 3
Guaranteed Monthly Income
The company pays Platinum 150 and higher positioned affiliates a guaranteed monthly income:
- Platinum 150 ranked affiliates receive $150
- Platinum 600 ranked affiliates receive $600
- Platinum 1000 ranked affiliates receive $1000
- Platinum 2000 ranked affiliates receive $2000
- Platinum 5000 ranked affiliates receive $5000
- Chairman 10 ranked affiliates receive $10,000
- Chairman 25 ranked affiliates receive $25,000
- Chairman 50 ranked affiliates receive $50,000
- Chairman 100 ranked affiliates receive $100,000
- Chairman 250 ranked affiliates receive $250,000
- Chairmain 500 ranked affiliates receive $500,000
Chairman Infinity Bonus
iMarketsLive affiliates at the Chairman 10 and higher ranks get a percentage match on downline volume.
Sales volume in the company works out to be a calculated rate of 145 GV of each Platinum Package sold (145 GV per subscription month).
- Chairman 10 affiliates earn a 1% bonus capped at $1000 per unilevel leg
- Chairman 25 affiliates earn a 1% bonus capped at $2500 per unilevel leg
- Chairman 50 affiliates earn a 1% bonus capped at $5000 per unilevel leg
- Chairman 100 affiliates earn a 1% bonus capped at $10,000 per unilevel leg
- Chairman 250 affiliates earn a 2% bonus capped at $20,000 per unilevel leg
- Chairman 500 affiliates earn a 2% bonus capped at $40,000 per unilevel leg
The company’s compensation plan does not reveal whether the above leg caps are weekly or monthly.
Note: The Chairman Infinity Bonus is paid down each unilevel leg up until an affiliate of the same or higher position is found.
Rank Achievement Bonus
The company honours affiliates with a 1-time bonus when they have reached the Platinum 2000 and higher positions for 3 consecutive months.
- Platinum 2000 – $500
- Platinum 5000 – $1500
- Chairman 10 – $5000 over 2 months
- Chairman 25 – $10,000 over 2 months
- Chairman 50 – $25,000 over 6 months
- Chairman 100 – $100,000 over 12 months
- Chairman 250 – $150,000 over 24 months
- Chairman 500 – $200,000 over 24 months
Cost To Join iMarketsLive
The cost to join iMarketsLive as an affiliate is a membership fee of $15 monthly.
iMarketsLive Review Video
Verdict on iMarketsLive
So does the iMarketsLive scam exist?
Well, it’s been going strong for a while now so I can’t call it a scam.
It is about Forex trading so there will always be risks there.
Personally, I think it’s a good business opportunity, but just don’t go crazy with the trading.
You can’t get greedy or you will get burned…
Anyway, I hope you enjoyed my iMarketsLive review and if you have any questions, please leave them in the comments below…
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