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Is Binary Capital Markets a Scam or Legit?

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Welcome in My Insured Binary Profits Review. Is Insured Binary Profits Scam Or Legit? Is Insured Binary Profits Software Can Help Really To Cash It With Binary Option Trading? The Truth Revealed in My Honest Insured Binary Profits Review

When it comes to trading and making real, sustained profits, then we could all do with a little helping hand. So when we came across Insured Binary Profits, an options signal software that promises huge results, we have to admit that our interest was piqued.

But it has to be said that when something appears to be too good to be true, then we’ve learned through bitter experience that it usually isn’t the case. Hence a down and dirty look at exactly what this software is all about. And whether it’s worth you splashing out your hard earned cash on the program, or if you should simply look elsewhere.

What do you get for your money?

Right then. So what Insured Binary Profits actually is, is a clever program that provides you with a live feed on 100-120 signals per day. It provides you with community reporting that shows the percentages of wins and losses in trades and outcomes on trades that cover the whole spectrum.

Not only that, but it also gives you information on the investment amount, asset, execution date, rate, type, expiry date, expiry rate and payout. And for this information the company charges you, the user, one cent for each signal received.
When you sign up, you get the following benefits:

Over 140 signals per day: these are distributed throughout the three major trading sessions of European, US and Asian
Personal account representative: (if you choose this additional option). Here you get exactly what it suggests in the title – a personal representative to advise and help you with your trading.
SMS notification: this is a free service that endeavors to provide you with the most important notifications via SMS. You can opt in or out for this service, as well as deciding how often you’d like to receive the text messages.
Insured Binary Profits Software updates: it makes sense that the software is updated on a regular basis to ensure that you get the very best signals possible. These updates are provided for free, and automatically each and every time they’re available.

10th Jun 2020, 08:19 AM #1
10th Jun 2020, 10:51 AM #2
11th Jun 2020, 11:31 AM #3

Insured Binary Profits is Works!

18th Jun 2020, 05:35 AM #4

If Insured Profits is given away for free, how do they make money? It seems they have deals with brokers. If all the customers were making money from the system, I am not sure the brokers would be too impressed?

But, if the customers lose from Insured Profits . that’s a whole different proposition.

I am just putting the obvious across here? Has anyone (which isn’t offering a ref. link) used it ?

29th Jul 2020, 06:15 AM #5
29th Jul 2020, 06:16 AM #6

This review is FAKE and the user “Rach X” is yet another liar praying to take your money or convince you to WASTE your money and earn his commissions from Insured Binary Profits Broker.

In comparison with this review in warrior forums too:

From another liar , the review is true. BUT he is working to put negative reviews to promote other CRAP systems. Usually they are taking advantage to post negative reviews to promote other CRAPPY systems. All we already know ALL BINARY OPTIONS systems are SCAMS and we do not need to confirm that by suggesting us to try other SCAM systems. Who ever will put a positive review without making money from the broker? or put a negative review, making money from the system they suggested.
In both cases they will make money.
In fact, no one cares if you make or loose money at all, if they are making money there is no difference if the review is positive or negative.
What I suggest? NOTHING. Save your money.

31st Jul 2020, 10:06 AM #7

Free Money System is Works!

2nd Aug 2020, 05:23 AM #8

This is not your money, this is the money of the vendor’s website.
This is the Broker’s money and the stolen money from people who lost in binary options in all of these years.
Do not post FAKE citibank accounts with millions inside , people do not care and do not believe or convinced just show them pictures with millions.
All binary options peddlers are scams for me.
STAY AWAY.
If all of these people make so much money why do they care to bring more victims? why? have you ever wondered?
Why care to give you their holly grails for free , why?

He just present’s you , your stolen monies. Monies which have been lost in binary option altar all of these years.

Look the mess , how much monies have been lost.
PUT THOSE BINARY OPTION SHARKS OUT OF BUSINESS.

A bunch of bullshits:
Insured Profits
Binary Matrix Pro
Binary Cash Creator
Binary this
Binary that
Binary bot this
Binary bot that
Super duper binary this

Give a cheap laptop to African people and make them all millionaires by investing binary options.
Why whole planet not became rich yet?
Why is there economy crisis in most countries in Europe and the half population of the planet lives in poverty and starving?
Why don’t they play Binary Options to become all rich too?
Why stupid binary peddlers?
You say in your stupid sales pitches , even a 5 years old kid can make those kinds of money.
Teach all Unicef children to invest with binary options then.

Why binary brokers are appearing every day like mushrooms from nowhere?
Ask all of these members here in warrior forum, to present their bank accounts!
Who among of you have any account with millions from binary options?
Do not present the affiliate commission earnings which I doubt if you have even and this kind of account too.
Do not re chew over the sales pages.

Its a complete ridiculous , the guy above “Rach X” , continues his scam peddling J.O.B and this guy in contrary post this review for the same product on the same forum:

Insured Binary Profit is a SCAM and try the Free Money system which is another SCAM.
HAHA , This is a complete mess and ridiculous. Also the mess is going deeper , if you see what system the other guy suggest instead of binary options scam.
The greediness and the stupidity is infinity.
Bye.

2nd Aug 2020, 07:22 AM #9
The Following 2 Users Say Thank You to takis76 For This Useful Post:

This review is FAKE and the user “Rach X” is yet another liar praying to take your money or convince you to WASTE your money and earn his commissions from Insured Binary Profits Broker.

In comparison with this review in warrior forums too:

From another liar , the review is true. BUT he is working to put negative reviews to promote other CRAP systems. Usually they are taking advantage to post negative reviews to promote other CRAPPY systems. All we already know ALL BINARY OPTIONS systems are SCAMS and we do not need to confirm that by suggesting us to try other SCAM systems. Who ever will put a positive review without making money from the broker? or put a negative review, making money from the system they suggested.
In both cases they will make money.
In fact, no one cares if you make or loose money at all, if they are making money there is no difference if the review is positive or negative.
What I suggest? NOTHING. Save your money.

That’s a pretty bold statement. Being the CEO of SignalPush, who has a marketplace of third party signal providers, we validate our providers performance and guarantee it is legitimate. If a provider is bad, you’ll see how bad they are on their performance. We only make money if a provider is good and people want to subscribe and stick around.

That said, I AGREE with you that the MAJORITY of binary option systems are scams. They only want affiliate money. That’s why we created SignalPush, to provide third party validation of providers performance claims.

2nd Aug 2020, 09:12 AM #10

These boys have put in some work to this funnel.

Quote:
STEP ONE:
The first thing that your leads see when they visit us is something unlike anything else that’s been done before. Seriously! The only way to capture someone’s attention these days is to do the unexpected. show them something new. You have to be different and set yourself apart from the crowd to be noticed. So here’s what we did:

We hired an indie studio to shoot a video featuring some of the finest stage actors around AND it was scripted by a brilliant up-and-coming new screenwriter!

We spent a small fortune to get the look and feel of this video just right! A 6 minute monologue with no teleprompter. Come on! Not even Marlan Brando could pull that off! But WE put together a crew that did!

We’re meshing marketing and storytelling in a fantastic new way that ups the WOW factor and leaves your prospects with one hell of an itchy trigger finger! In this video they get to meet Dave, Ginny and Steve. co-creators of a revolutionary new software that they’re giving away for FREE! This isn’t one of those robotic performances that you look at and go “could this video BE anymore fake?” Your leads are going to be so swallowed up by this that they’re going to want to MEET Dave and Ginny!

Now, what follows that segment is an irresistibly hard-hitting pitch! We break down the consumer’s built-in defense mechanisms using every psychological trigger point you can think of. Let’s face it, you have to be unique, exciting and daring to CONVERT leads these days. We’ve been doing this for 8 years and we’ve never built a loser. because each and every time we come out to play. we play to win. we up the ante and go all in!

But what happens after that? One visit is surely not enough? It can’t be just the one sales page can it? OF COURSE IT ISN’T!

5th Aug 2020, 07:07 AM #11

That’s a pretty bold statement. Being the CEO of SignalPush, who has a marketplace of third party signal providers, we validate our providers performance and guarantee it is legitimate. If a provider is bad, you’ll see how bad they are on their performance. We only make money if a provider is good and people want to subscribe and stick around.

That said, I AGREE with you that the MAJORITY of binary option systems are scams. They only want affiliate money. That’s why we created SignalPush, to provide third party validation of providers performance claims.

7th Aug 2020, 09:13 AM #12

Free Money System is Works!

8th Aug 2020, 12:53 PM #13

Two things are happening here:
1: You are insulting our intelligence.
2: You are a ******* liar and peddler of those scam binary options bots.
To remove the asterisks type (F.U.C.K.I.N.G).

I was customer of Binary Matrix Pro and is worst scam of the millennium. People do not get convinced easily anymore and they have realize it.
Is very difficult to find another victim so they are creating different websites with different bots names, continuing rotten your mind and brainwash you to catch some customer with hope. There are not hopes, they don’t care , they want your money.
They are cold, unscrupulous professional scams , like the serial killer.

Show us your list of live transactions you made, not from your FAKE bank but from your broker directly. AND DO NOT POST YOUR AFFILIATE LINK.

Binary Matrix Pro CLONE SCAMS or the same with different name:

Binary Matrix Pro
Hercules Profit Pro
The Covert Society
Oz Robot
Golden Goose Method
Insured Profits
Tokyo Bot
Wealthy Trader
Legal Insider Bot
Millionaires Club
Safe Trader App
The $100K Club
The 1 Percent Club
Daily Binary Profits v7
Binary Chaos
And there are more to come.

Do not follow their signals and fight against them and the worst is , their marketers earn lots of money from commissions, the investors all are doomed to loose , because they know nothing about forex and binary options so the brokers will definitely will make money and give very high commissions to peddlers like YOU.

Another one scam trend is, they claim they cover your loses in a period of time , usually is 7 days to 30 days. Do not believe them, they recover nothing, the recovery amount is funded after the end of the period as bonus so you are bounded to special contract that you are unable to withdraw your initial (remain) capital until do trades 10x – 30x times of the recovered value.
So you are doomed to loose your money and I will continue to fight against the binary options fake bots.
Scam Binary Bot Peddlers and marketers if you are offended press the red triangle.

11th Sep 2020, 11:35 AM #14

Hi,
actually I am not a marketing-type but a (forex and options) trader with 5 years experience. I bought a lot of stuff which was SCAM and decided to set up my own blog where I provide ethical and honest tips and products on trading. (But the most is just blogging on trading related topics for newbies.)
I summarized my knowledge in a free ebook on how to detect (trading) SCAM which you can download here. It may be useful for users of this forum since I can see lots of scam offerings here – unfortunately!!

Hope this helps!

I believe it doesn’t needs to read any book to recognize the scam systems.
All are scams. The bots use the brokers API which we know nothing about what API they use. So this means the bots was created by the brokers. There are no information about how to access the platform and how to send orders directly from the program to broker’s platform too.
The broker’s platform is not like meta trader or ninja trader or trade station which we have a lots of information and the public is able to create open code or create expert advisers. (Like a programming language).

All broker’s platforms are similar but we know nothing, because all are embedded in the broker’s website and this is not some separated application to download (I said. Again, like meta trader , ninja trader , trade station) so these embedded website integrated platforms are controlled by the broker themselves and only the webmasters of the broker, knows how these platforms working. I doubt even if the brokers salesmen knows how to work them. (Only the advanced programmers.) who they are taking advantage of the monopoly and no knowledge how these platforms work. So as there are no public information how these platforms, can be accessible and how to program them (This API mean- Application Programming Interface) we are in the mercy of the stupid marketer or programmer who created the bot. In fact none of those programmers and marketers ever written a single line of code to access those platforms. So everything you see in stupid sale pages and stupid spam e-mails you receive everyday are bullshits from the brokers. There are not anyone who ever created any bot, because the public doesn’t knows how to program the broker’s platform. Also all of those platforms are encrypted or locked and you can’t send orders. So everything are constructs of brokers. No one knows , what algorithm do they use to predict the future market moves. As usually know or already seen in the brokers platform, the charts are very short and we don’t have long historic data for binary options. You need external historic data analyzing program, for example the meta trader and the meta trader can’t access binary options platforms. All of those bots are FAKE, can’t be programmed , all marketers say bullshits about they have programmed and discovered ways to analyze the market and I have seen and other bullshits arriving to my e-mail telling about 100% winning trades or things about never loosing trade bots.
What stupid are the people who believe all of those assholes.
So how recognize the scams? I don’t think so you need anything special to recognize them.
I just told you, all are scams. All bots are created from broker’s (Webmaster – Programmer) even the broker salesmen don’t know how to work them.
Have a nice day.

Magnus Capital Center Review – Scam or Legit? Compensation Plan Breakdown

One of the questions that we need to take a look at before joining any opportunity is to find out if it is a scam or not.

We are going to take a look at the information about the company, the products, and the compensation plan to see if it is a legitimate program that is in compliance.

We wouldn’t want to waste a bunch of time and money to learn later on it was a scam, to begin with.

What we’ve done is analyze all of the information and ready to publish our results in this unbiased review on the Magnus Capital Center opportunity.

The reason why I decided to take a closer look at this opportunity was that I started to see more and more promotions on the internet about it and wanted to learn more about it.

With that said, let’s dive in and see what we found out.

Table of Contents

Magnus Capital Center Company Overview

In this section of the review, we are going to take a look at the Magnus Capital Center company information.

One of the things that we like to see is who owns the opportunity we are thinking about joining.

We like to see what kind of experience and knowledge the owner has in the industry to give us a good idea on what type of business owner he or she will be.

We also like to see that the company owner is transparent and proud of the company they are running.

This is not a definite sign that a company or program is a scam, but it doesn’t help.

With that said, the Magnus Capital Center company website does not offer any information on who owns or runs it.

We dug a little deeper and checked out the domain name whois information and this is what we’ve found:

  • The domain name “magnuscapitalcenter.com” was registered on 9-12th-2020.
  • The domain name was privately registered.

Since the domain name was registered privately, no further information was found doing a domain name lookup.

Much of the marketing material that the company uses is in French, not sure if this means that the company is operating out of France, but I do know there are many places that the population speaks French.

What Is Magnus Capital Center?

Magnus Capital Center is an MLM company that offers the ability to earn money with the promised ROI and through referring others to the program.

The company offers several levels of compensation that you can earn from when you build a team of affiliate members.

Either way, that is all I have on the company information, let’s move on to the next section.

Magnus Capital Center Products Review

In this section of the review, we are going to take a look at the Magnus Capital Center products that they offer.

When dealing with an MLM company, or any company that offers many levels of compensation when you refer members into the company the company needs retail products offered for sale.

This is to be in compliance with the MLM law.

When this is not offered, then there is an issue that we will get into later on in this review.

Unfortunately, Magnus Capital Center offers no retail products or services for customer purchase.

You can, however, join the opportunity that the company offers to earn money with the compensation plan.

Magnus Capital Center Compensation Plan Breakdown

In this section of the review, we are going to take a look at the Magnus Capital Center compensation plan and how you make money with it.

To get started with the compensation plan and start earning money you will need to make an investment.

When you make an investment you are promised an ROI percentage on the investment made.

Here is a breakdown of what you can earn depending on the investment package you start out on:

  • The $25 and $50 Tier – When you make an investment on this tier you are promised a 120% ROI in six months.
  • The $125, $250 and $500 Tier – When you make an investment on this tier you are promised a 160% ROI in 8 months.
  • The $1000, $2500 and $5000 Tier – When you make an investment on this tier you are promised a 200% ROI in 10 months.
  • The $10,000 and $25,000 Tier – When you make an investment on this tier you are promised a 240% ROI in 12 months.

Referral Commissions

When you personally sponsor affiliate members that make an investment you will earn 10% of the investment made by them.

Magnus Capital Center Ranks

Magnus Capital Center has 10 ranks that you can qualify for that will offer more commissions that you can earn in the residual commission’s compensation plan.

The way to qualify for each rank is broken down here:

  • Starter Rank – To qualify for this rank all you have to do is join as a Magnus Capital Center affiliate.
  • Supervisor Rank – To qualify for this rank you will need to invest at least $500, refer 3 affiliates and generate 25,000 in the binary leg that has lesser sales volume.
  • Pro Rank – To qualify for this rank you will need to invest at least $1000, refer and maintain at least 3 Supervisor ranked affiliates and generate $75,000 in the binary leg that has lesser sales volume.
  • Leader Rank – To qualify for this rank you will need to invest at least $2500, refer and maintain at least 3 Pro ranked affiliates and generate 150,000 in the binary leg that has lesser sales volume.
  • Manager Rank – To qualify for this rank you will need to invest at least $5000, refer and maintain at least 3 Leader ranked affiliates and generate 350,000 in the binary leg that has lesser sales volume.
  • Team Manager Rank – To qualify for this rank you will need to make a $5000 investment, refer and maintain at least 3 Manager ranked affiliates and generate 750,000 in the binary leg that has lesser sales volume.
  • Director Rank – To qualify for this rank you will need to invest at least $10,000, refer and maintain at least 3 Team Manager ranked affiliates and generate 1,500,000 in the binary leg that has lesser sales volume.
  • Executive Rank – To qualify for this rank you will need to make a $10,000 investment, refer and maintain at least 3 Director ranked affiliates and generate 5,000,000 in the binary leg that has lesser sales volume.
  • President Rank – To qualify for this rank you will need to invest at least $25,000, refer and maintain at least 3 Executive ranked affiliates and generate 10,000,000 in the binary leg that has fewer lesser volume.
  • Diamond Rank – To qualify for this rank you will need to make a $25,000 investment, refer and maintain at least 3 President ranked affiliates and generate 25,000,000 in the binary leg that has fewer lesser volume.

Residual Commissions

The residual commissions that Magnus Capital Center offers are paid out using the MLM binary compensation plan structure.

The binary pay structure, for those that are not familiar with it, has only 2 legs.

The 2 legs can have unlimited levels down, but you qualify by maintaining an active affiliate member on either leg at all times.

The levels on either leg can be filled by personal referrals and through indirect sponsoring through your team members and uplines, uplines can only really help with one of the legs.

Commissions are paid out on the leg that has lesser sales volume and in this plan is calculated by a 1 to 1 match on both legs and pays out 10% from the lesser leg sales volume.

For example, if you have 1000 on one leg and 3000 on the other, you will get paid on the 1000 sales volume which would be $100.

The commissions in this plan are capped by the rank that you qualified for which is mentioned in the prior section.

Here is a breakdown of the residual commissions that you can earn according to your qualified rank:

  • Starter Level – At this rank, you can earn up to $500 per day.
  • Supervisor Level – At this rank, you can earn up to $750 a day.
  • Pro Level – At this rank, you can earn up to $1000 a day.
  • Leader Level – At this rank, you can earn up to $1250 a day.
  • Manager Level – At this rank, you can earn up to $1000 a day.
  • Team Manager Level – At this rank, you can earn up to $1500 a day.
  • Director Level – At this rank, you can earn up to $2000 a day.
  • Executive Level – At this rank, you can earn up to $2500 a day.
  • President Level – At this rank, you can earn up to $3500 a day.
  • Diamond Level – At this rank, you can earn up to $5000 a day.

These commissions are paid out daily.

The volume that is not counted is flushed and every day the commission runs for both legs will start from zero.

Pool Bonus

The bonus pool that Magnus Capital Center offers is a company-wide profit pool that you can participate in.

Unfortunately, this is mentioned but the details are not disclosed on how it works.

Rank Bonus

The company also offers a one-time rank advancement bonus.

These are “rewards” and commission that is awarded or paid to you when you qualify for the next rank up and higher starting at the Supervisor rank.

Here is a breakdown on the commissions you can earn when you qualify for these ranks:

  • Supervisor Rank – When you qualify for this rank you will earn a Mont Blanc pen.
  • Pro Rank – When you qualify for this rank you will earn an iPhone.
  • Leader Rank – When you qualify for this rank you will earn a MacBook.
  • Manager Rank – When you qualify for this rank you will earn a “luxury trip”.
  • Team Manager Rank – When you qualify for this rank you will earn a Rolex watch.
  • Director Rank – When you qualify for this rank you will earn $50,000.
  • Executive Rank – When you qualify for this rank you will earn a “Mercedes or BMW” car.
  • President Rank – When you qualify for this rank you will earn a “Lamborghini or Ferrari” car.
  • Diamond Rank – When you qualify for this rank you will earn a “villa”.

That is all I have on the compensation plan details and how you make money with it, let’s move on to the next section.

Magnus Capital Center FAQ

In this section of the review, we are going to answer some of the questions people may have when thinking about joining the Magnus Capital Center opportunity.

Is Magnus Capital Center BBB Accredited?

No, the Magnus Capital Center is not accredited with the Better Business Bureau.

This is not a definite way to determine whether or not a company is a scam or even legitimate.

The BBB has been proven to have manipulated reviews, and ratings that 3rd party companies offer which makes it not the best source to determine legitimacy.

However, I do refer to the BBB for additional company information and to compare reviews and testimonials from other sources.

How Much Does It Cost To Join Magnus Capital Center?

The cost to join the Magnus Capital Center is free to join but you won’t get much of anything.

You will need to pay $10 per month when you earn at least $100 in commissions.

To join the investment opportunity to earn the promised ROI, then you will need to make an investment of at least $25.

Now, the next section of the review will discuss what many people are here to learn which is…

Is Magnus Capital Center A Scam or Legit Opportunity?

In my opinion, yes, Magnus Capital Center is a scam.

The more accurate description, in my opinion, would be a Ponzi Scheme and here is why:

  • No retail product when clearly an MLM opportunity.
  • Promis of ROI for doing nothing other than making an investment.

These 2 issues alone make the company, not in compliance, and what makes it worse is that the owner does not disclose who they are.

My Final Magnus Capital Center Review and Thoughts

In this final section of the review, I am going to share my final thoughts on the Magnus Capital Center opportunity.

As you can see, there are many issues that I found with the Magnus Capital Center program.

The 2 biggest issues are that they offer no retail products and that they offer a promised ROI.

The ROI that is promised is claimed to be sustainable by an “AI Intelligence” software that makes all of the trades for the company that produces incredible results.

A 240% ROI annually is what the company claims which makes it even harder to believe this program is legit.

First of all, there is no proof of these ROI’s percentages and second of all, why would the company even share these type of results with anyone?

Why would they take a huge cut in profit by sharing the results with many others?

It just doesn’t make sense unless you are a saint, but being a saint doesn’t make you a good in business.

Either way, the bottom line is that there is not proof.

The way that I see that they are sustaining these ROI’s are through new members investments which are typical in these types of programs.

Once they have the first sense of something is up, or they are getting looked at, the company usually shuts down and all the affiliate members lose all the investment, ROI, and referral money that they’ve made.

But here is the questions…

Would I recommend or join Magnus Capital Center?

I definitely would not recommend this opportunity nor would I join it.

I hope you enjoyed my Magnus Capital Center review.

Make sure to click on the social share buttons on this page and share it with others so that people can know exactly what the Magnus Capital Center opportunity is really all about.

iMarketsLive MLM Review (2020): Scam, Wolf, or King of Wall Street?

Table of Contents

It’s All About The Benjamins

So you wanna get rich from Forex trading, huh?

I know the feeling.

But you might wanna think twice about joining iMarketsLive.

Like it or not, most MLMs like iMarketsLive are dressed up sales jobs.

Whether it’s selling “the dream” to your friends and family to convince ’em to sign up for your new Forex trading program…

Or just buying and selling currencies in the Forex market yourself.

Either way, you better enjoy hustlin’ and grindin’ if you’re gonna make it in this game.

Let me break it down for you:

iMarketsLive – short for International Markets Live – is a unique multi-level marketing company that’s all about Forex trading.

That’s short for foreign exchange trading, also known as currency trading.

It’s just like the stock market but instead of buying and selling shares of companies, you buy and sell currencies like the U.S. and Canadian dollar.

And unlike a regular 9-to-5 job, skilled currency traders can make (or lose) serious bank.

BONUS : Realistic Passive Income for Smart People (FREE Guide) >>

In fact, the Forex market is the largest financial market on the planet — doing 5 TRILLION (with a “t”) a day in trade volume.

That’s over 200 times larger than the New York Stock Exchange!

Now you can see why there’s an absolute sh*tload of Benjamins to be made in Forex.

And iMarketsLive is doing exactly that:

By 2020, they were pulling in over $6 million per month.

They’ve also experienced a tremendous amount of growth and momentum in 2020 and 2020.

But there’s a fair amount of controversy surrounding this network marketing phenom.

If you’ve noticed that too, you’re probably interested in a lil’ more info about ’em, right?

You’ve come to the right place, brotato chip.

iMarketsLive Company Overview

First things first:

iMarketsLive is a Forex trading MLM that offers various trading educational products and services to a global audience.

They currently appear in over 120 countries and have training available in 8 major languages.

As you’d expect, their headquarters is located in the center of the financial universe:

New York City, New York.

They also have a staff of over 60 educators who have a single job: Teach peeps like you and me about the joys of Forex and cryptocurrency trading.

Oh, did I not mention they do cryptocurrency markets like Bitcoin as well?

The company’s vision, according to their website, is to “Educate, Enrich, and Empower One Million Students by 2020.”

Admittedly, also according to their website:

Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing financial security or life style.

To be fair, that could be said about any investment opportunity (e.g. financial services from Primerica, binary options, etc), but Forex trading is notoriously difficult — I know from personal experience.

Risks aside for now, let’s talk about how iMarketsLive came into being in the first place.

When Was iMarketsLive Founded?

What’s the real story behind iMarketsLive?

Well, for starters:

International Markets Live, Inc. was founded back in 2020 by CEO Christopher Terry.

But you know what’s weird?

iMarketsLive’s corporate website is surprisingly thin when it comes to offering information.

Most companies, even most MLM companies, have at least a little history of the company along with a small biography of the founder/CEO.

iMarketsLive.com has no such information on their site and seems to prefer to remain as mysterious as possible.

But I did manage to find this page, which appears to be an older bio of the company’s founder Chris Terry.

Here’s an excerpt:

Mr. Christopher Terry began this journey in construction, both as a worker and eventually as an owner, for nearly 12 years. In 1995, he discovered commodities trading and began to immerse himself in the markets.

In just 3 years, he was confident enough to walk away from his Construction Business, which had generated sales in excess of $40 million that same year, in order to become a full time trader.

Over the years he applied and effectively utilized this winning strategy of gaining the necessary learning and experience through the proper Mentors and then imitating the strategies of successful people.

While doing so he realized the same process of following success step by step, could bring average people everywhere to the same level of success that he himself had achieved.

Mr. Terry began to realize that at this point in his life it was his calling to help change people’s lives on a massive Global scale through a marriage of Network Marketing with Professional Trading.

This is why, in August 2020, Mr. Terry made the decision it was time to act on this Philosophy, and International Markets Live, Inc. was born.

One thing that’s missing from that bio of Chris Terry is his long history with MLMs and network marketing.

Terry came up in Amway, and although by his own admission he didn’t actually make any money, he said it gave him a “mindset of wealth”.

In other words, he probably realized the folks who made the most money in an MLM were the ones at the top and who recruited the largest downlines.

This also might explain why Chris Terry was reportedly a big promoter of Zeek Rewards*, which got busted by the SEC in 2020 for being a ponzi scheme.

(*In this interview with Denise Martino, Terry refers to Denise as his “downline member” and she clearly appears to be in Zeek at the time.)

Despite these failed business attempts, Chris Terry persisted and while the idea of iMarketsLive was spawned in 2020, it officially launched in 2020.

The new Forex trading MLM grew quickly and by 2020, iMarketsLive reached 55,000 members.

Unfortunately, that same year brokers began locking the accounts of many iMarketsLive customers for using an unregulated “expert advisor”.

Here’s what happened:

iMarketsLive had a special little automated trading program called “FX Signals Live”.

The program automatically mirrored the trades of Chris Terry himself, so members could essentially play the Forex market without actually understanding it.

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However, one of the main reasons there are regulations in the investment world is to prevent exactly that.

And when legitimate brokers like FXCM decided they wouldn’t allow it anymore, FX Signals Live was discontinued in 2020.

As a replacement, iMarketsLive released their new online “Harmonic Scanner” designed to help follow market trends.

It’s a little technical but here’s a basic video that explains what it does:

It’s basically an online tool that scans the market in real-time and gives you alerts for different price patterns and trading opportunities.

But now you actually have to know what’s going on and make the trades yourself.

What Are iMarketsLive Products?

iMarketsLive sells you on the ability to become a successful currency trader.

Sure, you could try to learn it all by yourself.

After all, how hard could it be to click a few buttons and place a few trades?

Buy low, sell high.

Easy peasy, right?

Well, despite what you may have heard, day trading is MUCH harder than it sounds.

That’s why iMarketsLive offers a full suite of support and trading education.

Over 100 training videos and modules offer basic and advanced strategies on both Forex trading and cryptocurrency investing.

You can also access live trading rooms and watch experienced staff members place trades and talk about the secrets of their success (in 8 different languages).

Here’s a good overview video that explains the iMarketsLive opportunity:

Obviously that’s a company sponsored video, so take it with a grain of salt (don’t drink the Kool-Aid).

But I will say that iMarketsLive seems to provide a ton of help for their members, which is always a big plus.

Even CEO Chris Terry himself gets in on the action, holding Sunday night webinars that you can sit in on.

Additionally, iMarketsLive gives you access to their proprietary financial trading software.

As mentioned earlier, their Harmonic Scanner searches the market for harmonic patterns to exploit and profit from.

Their Web Analyzer does the same with cryptocurrency, for an additional fee.

And even though their trade-mirroring service is gone, iMarketsLive still provides other ways for you to copy what their experts are doing.

Swipe Trades will alert you to “Forex trade ideas” including risk management and expert guidance for an extra $17 per month.

Swipe Coin does the same but for Crypto trade ideas and info, for an extra $100 per month fee.

While that may seem pricey, keep in mind that it allows you to get solid trade ideas sent right to your phone without having to do any of the legwork.

Because let’s be honest: If you knew what you were doing when it comes to trading, you wouldn’t be paying this company $165 a month or more for the privilege.

Long story short: The more you pay iMarketsLive, the more training and tools you get.

Speaking of which, here are your membership options if you wanna join:

iMarketsLive Membership Options

*Mobile users: scroll left/right on table if last column is not fully visible

11th Sep 2020, 01:30 PM #15
iMarketsLive Membership Options
DIGITAL CURRENCY MONTHLY HFFX MONTHLY PLATINUM PACKAGE ELITE PACKAGE
INITIAL PAYMENT INITIAL PAYMENT INITIAL PAYMENT INITIAL PAYMENT
$189.95 $189.95 $225.00 $325.00
MONTHLY PAYMENT MONTHLY PAYMENT MONTHLY PAYMENT MONTHLY PAYMENT
$179.95 $179.95 $164.95 $274.95
WHAT YOU GET WHAT YOU GET WHAT YOU GET WHAT YOU GET
DC Academy HFF Academy IML Forex and Crypto Academy’s IML Forex and Crypto Academy’s
DC Scanner HFF TV IML TV (All Sessions) IML TV (All Sessions)
SwipeCoin App PipTalk Harmonic Scanner Harmonic Scanner
IMLTV Sessions High Frequency Forex Swing Trades & Night Owl Sessions Swing Trades & Night Owl Sessions
Pip Talk (Basic) Pip Talk (Basic)
Swipe Trades
Web Analyzer
Bounce Back
Gold Cup
SwipeCoin
High Frequency Forex
PIVOTS
LEVELS

Hey, nobody said day trading was cheap.

To be fair, iMarketsLive does offer a 7 day, 100% money back guarantee to all of its subscribers.

If you’re dissatisfied with their service in any way, you can get a full refund of your membership fee within a week of signing up.

iMarketsLive gives their Customers a “2 & FREE” option as well — if you personally refer 2 people into buying a monthly membership, your membership is free.

So: If you can convince a couple people that Forex trading is awesome…

You don’t have to pay anything to get the iMarketsLive training and support.

Sounds good, but here’s something you should know from a guy who’s been in the trenches:

My Forex Trading Experience

The risk factor in Forex trading is something we shouldn’t just gloss over.

As mentioned in iMarketsLive’s disclaimer, you can easily lose all your invested money in addition to the monthly fees.

I should know — years ago, I was heavily into Forex trading and learned everything I could about it.

Technical analysis, risk management, chart indicators — you name it, I tried it.

And that’s not all:

I kept daily trading journals, learned how to read candlesticks, recognize trends, and was a particular fan of using 2ATR for a trailing stop loss.

Along the way, I traded almost every currency pair, chart timeframe, and read every trading strategy book I could find.

(Here’s my personal favorite, along with this one originally published in 1930.)

I should also mention that I paid a small fortune for different trading systems, tools, and “secret” strategies from so-called experts.

I’m FAR from the smartest guy in the room — but I’m not a complete Muppet either.

I wasn’t just gambling (only risked 2-3% max per trade) and I gave Forex trading everything I had for almost 3 years straight while I was still driving truck.

And even though I had periods of profitability, in the end I always lost money.

Not to mention I also got sick of the highs and lows of trading — feeling like a God one week, damn near suicidal the next.

Out of desperation, I finally resorted to following a mirror-trading service which ultimately blew up and reduced my trading account to almost nothing.

It was my own dumbass fault, but that’s when I decided to hang up my Forex trading gloves and look for something else.

Also contributing to that decision was realizing that after being on countless online trading forums — I wasn’t alone in my frustration and misery.

The only ones who seemed to be making any consistent money in Forex (besides the banks and hedge funds), were the guys selling me the tools and systems.

Just like during the gold rush back in the 1800’s, the real money wasn’t in digging for gold — it was selling the pickaxes and shovels to the desperate and hopeful.

Now obviously, there ARE successful Forex traders out there.

So just because this ex-truck driver with a GED couldn’t do it, doesn’t mean that you can’t make it work.

Like any other form of retail trading, some folks make money and some folks lose money.

All I’m saying is that Forex trading is hard as hell.

As a general rule, if you enter a gambling game against a lotta peeps who are more experienced and skilled than you are…

It’s a safe bet that the odds aren’t in your favor.

Don’t say I didn’t warn ya.

Pros: Why Join iMarketsLive?

Potential for serious income without recruitment.

Almost every MLM in existence requires you to recruit and grow a huge downline if you wanna make the big money.

The reason is simple:

Your time is limited and there’s only so many hours in a week that you can use to sell products to people you know.

Forex trading is different in the sense that you could gain (or lose) a lot of money all by yourself, without ever having to recruit anyone.

No pants required.

While most MLMs involve you dragging around a box of products to various houses, iMarketsLive is something you do from your desk or smartphone.

This is a very modern MLM and the entire thing (training + products + support) is all available online.

Never having to leave your house to run your business is a definite advantage.

For example, go try selling Amway products with no pants — I’m guessing it wouldn’t turn out so well.

Plenty of training materials.

Between all the videos, training modules, tutorials, and live help sessions, iMarketsLive probably offers more actual product support than most other MLMs.

If you’re willing to invest in your education and want a crash course in Forex trading, there’s a vast bucket of knowledge here waiting for you.

Cons: Is iMarketsLive a Scam?

First off: Solid trading advice don’t come cheap.

Around $200 up front plus $170 a month is what it’s gonna cost you for the most basic level of membership.

That’s over $2000 per year.

But if that trading advice makes you ten times that, it might be worth it.

You could lose a lot more than your monthly fees.

Yes, plenty of people lose money in MLMs (most do).

But they generally lose money from not being able to recoup their minimum purchase requirements and monthly fees.

With iMarketsLive, in addition to your membership fees, you’ll also have to risk your own trading capital to play the currency markets.

And you might lose all of that money too.

In fact, thanks to the way that leveraged trades work, you can actually lose even MORE than the full amount of your Forex trading account.

A strong fishy odor.

Can you trust iMarketsLive?

Well, sometimes the best way to predict the future is to look at the past (or just Google the present):

• iMarketsLive CEO Chris Terry has a previous connection with Zeek Rewards which the SEC had to shut down for fraud in 2020.

• The VP Alex Morton has a long history with MLM companies like Vemma Nutrition that had to settle for hundreds of millions of dollars with the FTC for being a pyramid scheme. You should check out this revealing article on Morton that shows the reality of being a professional MLMer when he was with his last company.

• iMarketsLive is banned as unauthorized in Belgium, and also received warnings from other countries like France.

• When I first published this article, iMarketsLive had an F rating (very bad) from the Better Business Bureau due to having so many complaints.

Then all of sudden they had an BBB rating of “A”, mostly thanks to a bunch of positive reviews that showed up around the same time (many on the same day).

Coincidence? Yeah, right.

As another reviewer pointed out, prob’ly because IML asked their members to spam their BBB page with positive reviews to drown out the negative ones.

Nice try fellas. Not shady at all.

Also can’t forget that iMarketsLive is an MLM which means recruiting other members is highly encouraged.

Here’s one of IML’s top earners explaining in detail how it’s done:

Ask yourself: If it was just about forex trading, why teach people how to recruit at all? Why not just trade forex and make a ton of money?

I dunno… maybe cuz:

Most retail traders lose money in the long run, so the real money is made by getting other people to join.

Is it really, though?

  • 87% of all IBOs make an average of $4.30 per month (you read that right, less than $5/mo).
  • 98% of all IBOs make less than $115 per month.
  • Only 0.3% of all IBOs earn more than $30k per year.

Not exactly what I’d call a high-probability trade.

But if that doesn’t make you puke in your mouth a lil’, this industry might be for you.

If, however, you’re looking for a more legit and reputable business model… my two cents?

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