iMarketsLive Review v2.0: Retail addressed, securities still a problem
International Markets Live, more commonly known as iMarketsLive, was first reviewed on BehindMLM back in 2013.
What I found was an MLM opportunity offering investment trading advice with zero retail. The company was so out of compliance it was comical.
As per an August 6th Facebook post, in mid 2016 CEO Christopher Terry told Alex Morton that ‘he had been through hell and back and his company at the time was barely surviving.‘
Having split with Vemma just before the FTC shut it down, Morton had been promoting Jeunesse for about a year or so at the time.
Morton claims Terry (right) told him
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 went on to sign as iMarketLive’s Vice-President of Sales.
All things aside, if there’s one thing Alex Morton is good at it’s generating affiliate recruitment for MLM companies.
While he might not be the only factor, Morton has obviously contributed to iMarketLive’s renewed growth over the past ten months.
That growth has corresponded with reader requests for an updated BehindMLM review.
Today we revisit the iMarketsLive MLM opportunity and suss out what’s changed.
iMarketsLive market Platinum Package membership, which provides access to FX Signals Live, a Live Trading Room, Harmonic Scanner and training education.
As per the iMarketsLive website, FX Signals provides access to automated forex returns;
Whether you’re sleeping, partying, working, or all three, your trading account will automatically mirror the trades our experts make.
The Live Trading Room provides webinar access to live trading with CEO Christopher Terry.
The Harmonic Scanner ‘accurately identifies key harmonic patterns‘, which users can then act on through third-party MT4 trading software.
The IML Harmonic Scanner automatically draws and labels different harmonic patterns in the forex market right on your MT4 platform.
Trading Education is “hands on education everyday” from Christopher Terry.
We also offer a full trading library, stacked with videos, articles, and webinars for you to view anytime on various topics.
iMarketsLive’s Platinum Package retails for $195 and then $145 a month.
The iMarketsLive Compensation Plan
The iMarketsLive compensation plan pays affiliates to sell Platinum Packages.
Retail volume is mandatory, with commissions paid out weekly based on rank and residually via an infinity bonus.
iMarketsLive Affiliate Ranks
There are ten affiliate ranks within the iMarketsLive compensation plan.
Along with their respective qualification criteria they are as follows:
- Affiliate – sign up as an iMarketsLive affiliate ($15)
- Platinum 150 – recruit and maintain at least three affiliates and have a total downline volume of 435 PV a month
- Platinum 600 – recruit and maintain at least twelve affiliates, generate 290 PV a month in retail sales and have a total downline volume of at least 1740 GV a month
- Platinum 1000 – recruit and maintain at least thirty affiliates, maintain 290 PV a month in retail sales and have a total downline volume of at least 4350 GV a month
- Platinum 2000 – recruit and maintain at least seventy-five affiliates, maintain 435 PV a month in retail sales and have a total downline volume of at least 10,875 GV a month
- Platinum 5000 – recruit and maintain at least two hundred and twenty-five affiliates, maintain 435 PV a month in retail sales and have a total downline volume of at least 32,625 GV a month
- Chairman 10 – recruit and maintain at least five hundred affiliates, maintain 435 PV a month in retail sales and have a total downline volume of at least 72,500 GV a month
- Chairman 25 – recruit and maintain at least one thousand two hundred and fifty affiliates, maintain 435 PV a month in retail sales and have a total downline volume of at least 181,250 GV a month
- Chairman 50 – recruit and maintain at least two thousand five hundred affiliates, maintain 435 PV a month in retail sales and have a total downline volume of at least 362,500 GV a month
- Chairman 100 – recruit and maintain at least five thousand affiliates, maintain 435 PV a month in retail sales and have a total downline volume of at least 725,000 GV a month
Note that no more than 40% of required monthly GV can be sourced from any one unilevel leg.
Also unless a unilevel leg’s volume is made up of at least 55% retail GV, non-retail GV counted from that leg is reduced until the retail GV equals 55%.
PV stands for “Personal Volume” and is sales volume generated by retail Platinum Package sales and an affiliate own package purchase (retail volume requirements exclude affiliate purchases).
GV stands for “Group Volume” and is PV generated 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 recruited affiliates.
- Platinum Directors earn $35 on level 1 (personally referred customers and recruited 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
iMarketsLive pay Platinum 150 and higher ranked 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
Chairman 10 and higher ranked iMarketsLive affiliates receive a percentage match on downline volume.
Sales volume in iMarketsLive is calculated at a rate of 145 GV per 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 iMarketsLive compensation plan documentation doesn’t state whether the above leg caps are weekly or monthly.
Note that the Chairman Infinity Bonus is paid down each unilevel leg up until an affiliate of the same or higher rank is found.
Rank Achievement Bonus
iMarketsLive rewards affiliates with a one-time bonus when they qualify at the Platinum 2000 and higher ranks for three consecutive months.
- Platinum 2000 – $500
- Platinum 5000 – $1500
- Chairman 10 – $5000 over two months
- Chairman 25 – $10,000 over two months
- Chairman 50 – $25,000 over six months
- Chairman 100 – $100,000 over twelve months
- Chairman 250 – $150,000 over twenty-four months
- Chairman 500 – $200,000 over twenty-four months
iMarketsLive affiliate membership is $15 a month.
When I saw “guaranteed income” in iMarketsLive’s compensation plan, I immediately envisioned affiliates recruiting affiliates, paying a fee and collecting a fixed monthly income based on recruitment.
That’s typically how guaranteed income works in MLM, however in iMarketsLive it’s instead used to gimp affiliates out of commissions between rank levels.
The biggest change hands down between iMarketsLive in 2013 and iMarketsLive today is the inclusion of retail sales.
I don’t know if Alex Morton had anything to do with it, but the 55% retail volume requirement per unilevel leg (and thus entire downline) is awfully similar to what the FTC required Vemma have before affiliates were paid (in Vemma it was 51%).
Simply put, unless 55% of an iMarketsLive affiliate’s paid volume is generated via retail sales, they aren’t getting paid.
Within that framework, I don’t have a problem with guaranteed monthly commissions. Reason being that they’re tied to retail sales and affiliate downline purchases. And ideally you’re probably going to see more than 55% because an affiliate only needs one Platinum Package.
Having retail customers market Platinum Package membership in exchange for their own being free is a great incentive to further drive retail sales.
What should be of concern to affiliates though is the money they’re missing out on between affiliate ranks.
Residual commission rates only change when an affiliate qualifies at a higher rank. Between ranks the only income that changes is the infinity bonus, meaning an affiliate can potentially generate thousands of dollars in sales revenue and not see another dollar until they meet specific rank requirements.
That in turn could potentially see an iMarketsLive affiliate leave a lot of money on the table.
Not an issue from a regulatory compliance standpoint, but definitely a turn-off when evaluating iMarketsLive as an MLM opportunity.
What is a regulatory compliance issue is iMarketsLive’s FX Signals. Sold as part of the Platinum Package, the FX Signals are quite clearly a securities offering.
iMarketsLive retail customers and affiliates access FX Signals through iMarketsLive. This services provides a completely automated and passive ROI, constituting a securities offering.
With Alex Morton constantly updating his Facebook feed with events all across the country, iMarketsLive is obviously being promoted in the US. In fact as I type this, the US is the largest source of traffic to the iMarketsLive website.
iMarketsLive CEO Christopher Terry operates out of New York. but in what I can only assume is a half-assed attempt to appear offshore, iMarketsLive provide a corporate address in the UK.
Other than a shell company registration and rented virtual office, iMarketsLive doesn’t appear to have any operational connections to the UK.
In any event, the offer of a security to US residents requires SEC registration, regardless of where a company pretends it’s run from.
Since I last checked in 2013, iMarketsLive or International Markets Live is still not registered with the SEC.
That makes the FX Signals service illegal in the US, which drags down rest of the iMarketsLive MLM offering.
Shame really, as they’ve done good work getting their compensation plan compliant. Should the SEC open an investigation into iMarketsLive’s FX Signals offering however, it’s likely to be identified as a security and that’ll be the end of that.
I’d strongly advise not signing up as an affiliate or customer until iMarketsLive have registered their passive forex trading offer with the SEC.
Update 23rd December 2019 – iMarketsLive rebooted as IM Mastery Academy in September 2019.
ah well. i guess like vemma, all potential recruits will sign up as customers and buy a package, and when they recruit themselves – voila they become affiliates.
i’m betting imarketsive will beat its own targets of a piddly 55% and have 75-80% ‘retail’ and become the FTC’s favorite girlfriend!
this is just the same ol’ recruitment game disguised as retail, IMO.
well hopefully, even if imarketslive gets away with it’s fake retail, it’ll get into trouble with the SEC! no harm hoping!!
That might work for the instant commission (single-level), but the residuals are tied to 55% retail (a month per unilevel leg).
If Brandon Boyd and Alex Morton are in it you can be assured of 2 things:
1. It’s a scam.
2. Collapse is coming.
I don’t agree with everything you say but I respect how you breakdown comp plans.
You are wrong though about signal services being a securities offering.
I’ve never seen that on the SEC or Finra sites.
Offering illegal unregistered securities is not the same as FOREX trading and/or education.
In fact “securities” are stocks.
I was in IML when the company was on shaky ground for various reasons.
The company has made commendable improvements in all areas and is helping a lot of people put their money to work for them.
I am re-engage the movement and am certain that many more people will benefit.
My opinion is based on experience and facts.
I’ve traded the capital markets successfully for decades so I don’t have to do this.
How many other opportunities are out there where people with a modest investment can earn while they earn as well as gaining from FOREX profits and a residual income?
P.S. Excuse me, securities are classified as debt, equitities, and derivatives.
Not FOREX related at all.
Americans face more economic risk from derivatives that banks trade than from IML educating and assisting people with FOREX.
Nope. Automated passive ROI by any means is a security and requires registration with the SEC.
No it isn’t. But we’re not talking about forex trading and/or education, we’re talking about affiliates dumping money in iMarketsLive and receiving a completely passive ROI.
You’re best keeping alternative facts to yourself. The definition of a security is nothing new.
Post the SEC and FINRA links that back up your claim. (Ozedit: Snip, see below.)
I’ve bolded what typically applies to MLM securities offerings.
TLDR: Any passive ROI obtained through an MLM company requires that company to register with the SEC.
Back in ya box sunshine.
OZ, educate yourself. It’s all laid out here by someone who did the research.
Generic advice that’s not specific to individual clients, and where the signal provider has no direct control over the account is not illegal. In FOREX that would be the CFTC regulators. IML provides copy and mirror trading which doesn’t require a CTA designation.
And, IML certainly hasn’t and isn’t offering securities for sale.
SEC > Signal Magician.
The issue isn’t forex, the issue is me dumping money in iMarketsLive and collecting a passive ROI.
How iMarketsLive generate that ROI is irrelevant. As an affiliate I collect a passive ROI and that makes the investment offering a security.
That is the only fact relevant to regulatory compliance. Got a problem with it? Take it up with the SEC.
If I had a dollar for every dumbass who comes on here with new definitions for laws that are almost 100 years old…
LOL, somehow you think tossing about “insults” makes you “right” in an argument where you are clearly wrong. FX is (Ozedit: If you wish to discuss FX regulation, do it elsewhere.)
What part of iMarketsLive being an MLM company are you not understanding?
Any passive investment offering by an MLM company is a security. Offering a security in the US requires SEC registration.
If you want to blab on about forex regulation do it somewhere else. Nobody cares.
You’ve clearly got no idea when it comes to MLM companies and securities regulation in the US, otherwise we wouldn’t be having this conversation.
The SEC doesn’t regulate FOREX, the CFTC does.
People in IML actively trade their own accounts using generic signals from copy trader and mirror trader providers.
Nobody is managing their accounts for them. Nobody is dumping money into a regulated or non-regulated accounts, nor are they receiving a passive ROI. The people decide independently whether to follow the signal or not and if they choose to, THEY place the trade themselves in their own account.
That is called ACTIVE trading. There is no “passive” ROI nor anything illegal about it.
The more you are proven wrong the more belligerent you get.
BTW, I have hedge fund experience too as in training to start one, but I kept trading for myself instead.
Nobody will convince you that you are ever wrong even when the facts are presented clearly to you. You didn’t bother reading the regulations; you just copied and pasted a block of verbiage that you THINK proves your claim when in fact it proves the fallacies in your false claims.
Keep up the good work name calling, ranting and trying to “insult” me.
Good day I say, Mr. WRONG.
Cool. iMarketsLive isn’t a forex company, it’s an MLM company.
This is the last time I’m going to state this.
iMarketsLive offer passive ROIs through an automated investment program. They have since day 1.
Yes there is an active trading component but the company also offers passive investment, which delivers a passive ROI.
That passive offering is the problem and has been since day 1. Your inability to comprehend this is not my problem.
It doesn’t MATTER whether they are a MLM company or not. (Ozedit: Offtopic derail attempts removed)
Not within the context of offering unregistered securities, no. Any company that offers unregistered securities in the US does so illegally.
You keep bringing up forex regulation like it matters though. I’ve marked it as offtopic because iMarketsLive is an MLM company.
Passive investment offering by an MLM company = security
No SEC registration = unregistered securities offering = illegal in the US
If you want to discuss forex companies and regulation do it elsewhere.
FOREX is what IML offers so FX regulation is appropriate to discuss “here”…..
(Ozedit: Not within the context of an unregistered securities offering, which is and always has been the issue with iMarketsLive. Offtopic derail attempts removed.)
IML offers a passive investment opportunity. How they deliver a passive ROI is irrelevant with respect to it constituting a securities offering.
Unfortunately that penny hasn’t dropped for you yet. I suspect at this stage it never will.
(Ozedit: Offtopic derail attempts removed)
IML is in compliance in that they are not violating and regulations.
(Yes, clearly I know “nothing” about the issue that you’re “the expert” in. I could bring a securities attorney here and you’d still fall on the sword of your b.s. inaccurate “expertise.”)
A company can’t offer unregistered securities in the US and still be in compliance. Offering unregistered securities places iMarketsLive in violation of the Securities Act.
If you find a securities attorney willing to front offering unregistered securities in the US is legal, time to find a new attorney.
(Ozedit: Offtopic forex derail attempts removed. Future comments about forex and forex regulation will be spambinned.)
Say it with me… iMarketsLive is an MLM company.
Unregistered securities are regulated by the SEC and have nothing to do with forex specific regulation.
They are NOT offering SECURITIES…..
(Ozedit: Snip, see below.)
Mate, this is taken directly from the iMarketsLive website:
Passive investment opportunity = securities offering.
Feel free to address how iMarketsLive’s passive investment opportunity isn’t a securities offering. I’ll be marking anything else as spam.
MLM has nothing to do with it, (Ozedit: Aaaand we’re done here. Cheers.)
so is it a ponzi or not @ OZ?
all the people say they make money through the investment and not because of the mlm scheme. I bet the only money they make is because of the mlm scheme. MLM is really awesome but only with physically products.
The word “Ponzi” doesn’t appear anywhere in the review, so not sure where you got that from.
By Chris Terry’s own admission, iMarketsLive was on the verge of collapse prior to Alex Morton signing on.
From Vemma to Jeunesse to iMarketsLive, pyramid recruitment seems to follow Morton everywhere he goes. Not withstanding iMarketsLive’s attempt to address the lack of retail sales in their latest compensation plan.
With respect to the Ponzi question though, one can only wonder why iMarketsLive have not registered themselves with the SEC yet. Marketing copy on their website clearly identifies it as a passive investment opportunity.
thanks for answering @OZ.
I’ve searched my butt of about this company and the whole internet says it’s the same scam as wake up now, then wealth generators and now imarketslive. All the top leaders of wakeupnow and wealth generators switched to imarketslive…
I cannot believe that you can really earn on autopilot with such a company without even recruiting a lot of people into this scheme.
Randy Gage often says why forex mlm is a scam.
Looks like it’s Time for an update on your IML posting. I am a new Imarketslive Customer, the FX Signals Mirror Trader has been discontinued as of mid March.
I never thought of the SEC angle – but I have experienced that other companies Auto Traders tend to have bigger losses than wins and even though they may win higher percentage – they lost us customers money elsewhere- no clue as to how people did with it in IML.
As an IML customer, I feel I am getting more than my moneys worth, I was trading forex unsuccessfully before IML.
I have made IML friends with many IML customers that are now successful traders who receive all their income from Forex Trading.
Their Success is as a direct result of IML Academy and IML TV live training. I like that when 2 of my friends become customers- my subscription is free.
I heard they are going for 75% Customer base. I thought that was a great reason to trust IML to be a safe place to place my future, learn to trade Forex, earn from trading and build a team.
Nope. FX Signals Live is still on the iMarketsLive website, complete with description of passive earnings (unregistered securities).
Doesn’t matter how many customers you have when you’re operating illegally.
Nah – you are wrong- I am inside IML- are you ? I took a proof pic from inside my back office- but can’t submit to this response.
The imarketslive website is not updated obviously – so you can argue on the side of old information as your proof, if you need to argue- play by yourself.
Wrong about what? I said the website hadn’t been updated and you confirmed it hadn’t. #dumbass
Must be a lot going on if iMarketsLive can’t be bothered updating their website hey.
Imarketsjive has 30days… get out if you can because THEY ARE OFFERING SECURITIES AND DEFRAUDING INVESTOR ACCOUNTS!
Any one who denies these facts are either ignorant or receiving money thru this scheme.
The US Government does not screw around. I will check back in 30days, as this will be public information by then – CNBC, Bloomberg, et al!
Or you could just make the information public now?
Check back in the next 30-60 days. Website will be updated to reflect the new products and services, including the removal of FxSignalsLive and the Fusion Trader.
All automated services have been discontinued as of March 13, 2018.
The full focus of the company is education within the forex and cryptocurrency market, and helping new and experienced traders become consistently profitable.
80+ recorded education videos, 180+ hours per week of live education from 50+ educators, and other services that assist with trade analysis.
I encourage you to do your research and review again once the new website comes up, or simply watch an updated presentation video from the last 60 days on youtube that covers all available products and services.
30 to 60 days to update the website, on top of the month that has already passed?
Seeing as there’s only 168 hours in the week, I’m calling BS.
Complete waste of time and effort putting more hours of video than anyone can watch 24/7 in a week.
With the completion of the full release of the crypto products, the website will be revamped. Everything in due time.
And 180 hours+ combined between 50 educators’ 1 hour+ sessions, multiple times per week, with each session being recorded if someone misses or wants to rewatch.
Variety of topics, different trading styles and skill levels taught, languages, etc.
I understand you have a skeptical and negative view of the company based on past products and comp plans, and I also believe if you understood the mission behind the company and saw the results from the education in the customers, you’d respect it a bit more.
Much love Oz.
Imarkets live SEC charges $500,000 for promoting security.
Unless I’m missing something – that’s a regulatory warning from the Bahamas Security Commission from 2017. Nothing about a $500,000 fine or SEC.
IML seems pretty desperate. screencast.com/t/TW5ZGpIMCIKO
Mack Mills doesn’t do retail, he does recruitment-driven pyramid schemes.
So how’s that going to work with iMarketsLive’s compensation plan? (or is this another “rules don’t apply” secret backroom deal?)
Well if you check out the screen shot screencast.com/t/TW5ZGpIMCIKO you will see that is a default for a lawsuit filed by Chris Terry against Mack Mills for defamation. Soooo he tucked his tail and put on a show…
Funny thing is IML doesn’t know that there are big wigs backing the others they named in the bogus defamation suit, and IML is gonna get hit alot harder then they expected.
Going through the lawsuit now. Article up in a few.
Chris Terry just hosted a call with 17 of their top leaders with Mack Mills online where Mr. Zidan announced he was going to make a system for IML.
Wonder why they are so desperate?
Truth in Advertising has just published an article on their website about iMarketslive’s recently released income disclosure statement.
The income statement shows that more than 95% of participants lose money. This hasn’t stopped some of the so-called top earners from making untruthful income claims including one Austin Godsey who has apparently signed his 5 year old son up as a distributor and who is now making loadsamoney at Chairman 10 level.
I like how in the video Dooly states “it doesn’t mean the company’s bad…”
How can a company have “unethical principles” and not “be bad”?
“Hay guys check out this great new company I found. What makes them especially good are their unethical principles”.
How far we’ve fallen since those American flag videos.