iMarketsLive “scammers” warning issued by FCA
As I write this Alexa cite the UK as the fourth largest source of traffic to the iMarketsLive website (5.8%).
This seems to have caught the attention of the Financial Conduct Authority, who back in May issued an iMarketsLive warning.
The FCA identify iMarketsLive as a company that provides “financial services or products”.
This would require iMarketsLive to register with the FCA for compliance, which they had not done.
As per the FCA’s May 21st warning;
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.
However, some firms act without our authorisation and some knowingly run investment scams.
This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.
BehindMLM first reviewed iMarketsLive in 2013. We took issue with the company’s focus on pyramid recruitment and FX Signals automated signals platform, which we identified as an unregistered securities offering.
In 2017 we published an updated iMarketsLive review. Since our 2013 review iMarketsLive had introduced retail sales but the FX Signals securities issue remained.
Following regulatory warnings issued by Colombia and Curaçao and Sint Maarten, earlier this year iMarketsLive quietly dropped their FX Signals offering.
DAVID IMONITIE
Alex Morton
Jason…
Top scammers
Ivan tapia
Just a thought about imarketslive, I believe they have removed the fx signals automated trading system from their company entirely.
That removes the securities issue that I’ve seen you write about. I’m wondering how that would change your opinion on the company.
As for certain countries that have their regulations, I cannot say with any degree of certainty, but getting that kind of authorization has been a priority for corporate. I know they are working on it for multiple countries.
I’m not sure how long the process could take or what some of the results have been so far. Just wanted to add my thoughts and information.
I’ve only been with the company for 7 months and noticed that some of the info you had was incorrect in my opinion.
The auto-income component was removed yes. Since then we’ve seen unauthorized warnings from financial regulators and a pyramid scheme warning out of Curaçao and Sint Maarten.
iMarketsLive isn’t a new company, they shouldn’t have been operating illegally from the get go.
Jason brown earning 600,000USD/per month with IML?
Highly doubt it! maybe one month but not every single month…
suddenly earn more than Holton buggs.. those numbers dont match up.