The Definitive 2017 iMarketsLive Review AKA IML Review
The big idea with iMarketsLive is this: Professional traders can trade your brokerage account for you and get significantly higher returns over time than
a) if you were doing it yourself and
b) your current investment plan
As you read this review, consider where your own investment are. Do you have 401Ks (or RRSPs)? Do you have Certificates of Deposit or money sitting in a savings account earning a tiny amount of interest annually?
There are alternatives. And this is one of the things you might want to consider.
(Just for sake of context, I have traded my own portfolio before. In 2008, I took a year off of my internet marketing business to learn the art of investing in stocks. So I have experience in buying and selling stocks, and shorting stocks. I'd be happy to answer any specific questions you have that are related to trading or your own portfolio. I love talking about this stuff!)
[This review has been updated since it was originally written as iMarketsLive has made some changes and added several products to their company.]
So, what is iMarketsLive?
iMarketsLive is a 4-year old debt-free company founded in 2013 that has started to catch momentum in 2016.
They are in over 120 countries currently, and are reportedly working on a deal with China. The entire corporate team has over 100+ years of corporate experience.
It is essentially a suite of products and services that allow you to compound your income faster and more reliably using the FOREX markets and professional traders. (FOREX has the added distinction of being a leveraged instrument.)
iMarketsLive was founded by a professional trader, Christopher Terry.
The iMarketsLive Founder… Christopher Terry!
Christopher Terry has the friendly bark of somebody who has spent years in the financial industry in New York and Chicago. What I like about Christopher Terry is that he is so committed to the IML community. He doesn't need the money. He has already mastered the art of growing and compounding money for himself – and has managed accounts with over $50 million dollars in funds.
Based on my impression of Christopher Terry, he seems like a jovial workaholic who loves trading and loves sharing his love of trading.
I think his main motivation is really (and this might sound corny, but it's true) helping average people win in the FOREX market. And he is spending his time in the trenches – helping ANYONE who attends the iMarketsLive Live Trading Room Sessions (IML TV). You can tell he feeds off the success people are having and he loves that. And his motivation to really help the average person win financially fit very in-line with my own personal vision, which is one of the reasons why IML is such a compelling opportunity for me. (Just scroll up and read the tagline on my blog!)
He has been a featured speaker at NYC and Las Vegas Traders Expo's. He has been a weekly contributor to Moneyshow.com. And he has been published in various books and periodicals in the trading industry.
To delve more into Christopher Terry, you can read his interview here.
You can also watch Troy Dooly interview Christopher Terry on YouTube:
But Christopher Terry is not perfect. What I don't like about Christopher Terry is that he does not think like a business owner. He also likes to surround himself with young people (read: hip millennials) and can be influenced by them a little too much.
So what do I mean by that? Well, he doesn't think strategically as much as he could.
For example, he had one trader, Nader “The Pip Master” go rogue and deviate from the guidelines he was supposed to trade under. He basically refused to enter a stoploss and let the market move against him, drawing down everyone's account significantly that was attached to him. Not good. After he was fired and removed from the mirror trading options, Christopher Terry added a couple things.
ONE – After Nader, iMarketsLive added that you can set a maximum drawdown amount, so if hit, you will exit your trades automatically. This is an excellent thing – as risk management is the one thing new traders don't recognize the value of.
TWO – After Nader, iMarketsLive started to follow the open trades of traders to make sure they were not “going rogue.”
Both of those are key improvements to the iMarketsLive suite. But both of those should have been implemented earlier on by a “business-minded” owner in my opinion.
Another example is that announcements often feel “last-minute,” for example you will get an email that the Harmonic Scanner is going offline for maintenance without warning. Now I understand that these products might need to tweaks and updates, but the weakest link of iMarketsLive is these sorts of business decisions.
The iMarketsLive Products:
There are 7 products in iMarketsLive (up from 5).
I will take some time discussing all of them.
The cool thing about it there is a variety of hands on and hands off products. Meaning, if you want to look at charts and learn the art of FOREX trading, you're in luck. And if you don't want to look at charts and don't want to manage trades (or don't have the time to manage trades) you're in luck too! Keep in mind that since you're probably in one camp or the other, some of the products will have less interest for you. You will not be using all of the iMarketsLive products at the same time.
The one that commanded my attention at first was the mirror trader.
Product #1: iMarketsLive Mirror Trader
You can see the currently there are 5 different mirror traders. Each with a different style and risk tolerance. And amazingly you can see the documented results of EVERY trade at FXSIGNALSLIVE.com
Now, currently, all of the traders except for Steady Freddie have lost at least one trade. But all are extremely profitable. Just look at this image:
You can see the Pips and growth for each trader and the # of weeks they have been trading.
These range from 37.58% gain over 29 weeks (about 6 months) up to 157.24% gains over 48 weeks (about 11 months.) As you can see, all are profitable and have a graph that points to increased profits.
You can see ALL closed trades from any of the master traders on the FX Signals Live website. So you can see past history and how they perform over time. This is very important in terms of being able to prove that these traders are very, very profitable.
Disclaimer: Past performance is no guarantee of future results. Your own results may vary, and you are responsible for making your own financial decisions.
You can actually go to the site and see ALL of their trades and a huge number of statistics. There is also an income projection calculator. This is one for “Crosses Pairs and Pips:”
Now this mirror trader thing needs a bit of explanation. Firstly, you set up your own FOREX account at your FOREX broker. There is no connection between IML and your broker. You are in charge of your own FOREX account. IML does not endorse or recommend any specific broker and they do not get kickbacks.
Personally, I have multiple broker accounts open, as I like to keep my trades separate so I can easily know the performance of each trader and service I am using.
Currently I have an account with:
(FX Choice gives you a a bonus of 15% above your deposit that is actually withdrawable after a certain number of trades have been done through your account. You also therefore have a slightly larger trading account as I recommend you only start the Mirror Traders if you have close to a minimum of $1000.) There are several other brokers you can use, and I'm happy to discuss these with you if you have questions.
Once you set up your FOREX account and fund it, you can decide to have a mirror trader trade it for you.
So let's pretend you chose Steady Freddie. Whenever he makes a trade, the same trade happens automatically and simultaneously in your account. Now professional traders are conservative. They rarely trade more then 1-2% of their entire account on any one trade. However, you can increase the ratio and risk in your mirror trade account if you want to.
So now, every time Steady Freddie makes a trade, you take one with him.
There is no involvement of time. No need to check signals and log in and take the trade too. It happens without your involvement.
This is revolutionary on a number of levels.
First, I believe that people that are the best-in-class at what they do far outperform the competition. So I believe that people that are awesome traders can consistently outperform the market by a wide margin. To me, this is like getting one of the top forex traders in the world to trade your account for virtually nothing. (I'll get to costs after explaining the other products.)
Secondly, I believe that you need to get money working for you…otherwise you will always have to work for money.
Thirdly, I believe that patterns and reversal patterns can lead to increased gains in the market.
So count me in as a fan.
This is the first “network marketing” product I actually would have bought even if there were no referral system attached to it. I believe every person – regardless of what company you are currently promoting – should become at least a customer.
Spend some time playing with the income calculator and projections on some of the different charts over at FXSignalsLive.
Product #2: Harmonic Scanner
The Harmonic Scanner scans for patterns and reversal patterns. It can do scans for multiple time periods, which is critical for a tool like this.
You have to go in and take the trade. It works on PC (natively) and MAC.
It tells you when to get in, what the target is to sell and take your profits, and it tells you where to place your stop loss. (And having a stop loss is very important because you will not win every trade.)
So the iMarketsLive Harmonic Scanner is exclusive to iMarketsLive. It would best be compared to purchasing “signals” from FOREX signals sites.
So some time is required.
However, when using the mirror trader, it is advisable to have at least $500 in the account to start ($1000 or more is better.) You can start with less when you are doing your own trading. Be careful not to over-leverage yourself.
This is a good product for those investors looking at honing their own skills and getting hands-on knowledge.
Product #3: IML TV
This is where Christopher Terry comes back into the story.
You can actually jump in a live trading room with him, and he calls out trades as he sees the markets move. He does this live for the US open and the London open session which is about 2am EST, so it works great for international members.
The camaraderie of the group is apparent and tangible. You can see a chat box so you can ask questions live. He also asks people how much they have made with him in the live room – so you can see people win. You can participate with a demo account also.
At first, I thought this was quite strange, as the mirror trader could command a several thousand dollar price tag along easily. But Christopher Terry wants to make this achievable for everybody. He's kind of like the Robin Hood of the FOREX market.
UPDATE: The IML TV has expanded significantly and there are a series of trainers that are live and show you good setups and trading opportunities on the calls. Some of these are highly profitable because you can get in at market execution. Christopher Terry has been doing less of these live training on IML TV, which is a good thing so he can focus on the big picture of running the company as it expands.
Here are some of the current trainers on IML TV:
I really like Chris Derrick, Justin Adams and Adaeze Duncan.
Obviously, this is a product for people that want to learn and master FOREX trading. The education is top-notch.
Are you getting excited about iMarketsLive yet?
Product 4: Swipe Trades
SwipeTrades is a new hybrid product.
These come through the App Store/Android Store with an app that gives real time notifications about trades.
All the detail to take the trade is available in the signal.
So with these iMarketsLive Swipe Trades, you actually take the trade yourself on your phone.
To familiarize yourself with how this works, download this PDF that walks you through how to set this up. (Of course, this only works if you are a customer. You can become a customer here if you are not already. We do have some bonuses exclusively for customers on our team that you won't get anywhere else.)
Short Swipe Trades Video Tutorial:
How well are members doing on these trades?
You can download this iMarkets-Live Swipe Trades Results PDF that documents all the trades taken in January 2017. As you can see, they are very, very profitable – and only available for iMarketsLive customers.
There is also a brand new setup guide.
Here is a longer tutorial and walkthrough of some of the more detailed aspects of SwipeTrades by iMarketsLive trader, Jay Adams.
The SwipeTrades product has not had a losing week since it's inception in July 2016. So if you take all the trades, you can expect to profit from some consistent pips.
This is the one product that is the bridge between passive and active. And honestly, I wish I had started using this one when it first came out. The confidence it gives you – because you actually take the trades – is enormous. If you have a desire to learn more, take SwipeTrades.
Product 5: Daily Swing Trading Signals
It's essentially signals that are manually selected by our professional traders like Justin Adams or more often, the man Christopher Terry himself.
They select each trading day, the ONE strongest signal and explain in a short video why they chose that signals and what they are looking for in terms of places to take profit, where to place your stop loss, and a secondary profit target.
This allows you to to get some good trades – but more importantly to learn with real live charts in a short condensed period of time for those who don't have the time to sit through an entire trading sessions live.
Product 6: IML Academy
IML Academy (iMarketsLive Academy) is the foundational course in FOREX you wish you had taken in high school.
It will lead you from absolute beginner to FOREX mastery over a series of videos.
Some of the early ones I found a bit dry. But stick with it, because the way they teach the information has a habit of sticking in your head so you get it. I would highly recommend ANY customer of mine to go though the IML Academy and understand the basics.
They also have some of the training in Spanish.
Product 7: iMarketsLive Fusion Traders
iMarketsLive Fusion Traders is a product that grew out of a need for speed.
The mirror traders only take trades that are profitable. If they don't have a significant chance of earning a profit, they don't take the trade. It makes sense, but some customers wanted to see more transactions per day. Often in the mirror trader, you could go a day or two with no open trades. Fusion Traders are more geared towards taking multiple smaller, shorter term trades per day.
I'm really happy with Laser Focus.
This product essentially parallels the Mirror Traders. And you can see the iMarketsLive results and performance and all the closed trade history of the Fusion Traders over at IMLFusionTrader.com
The iMarketsLive Compensation Plan:
Let's be honest. Compensation plans are hard to explain and hard to understand. Every company says they have the best one. I'll post a video so you can hear all the details about the compensation plan visually (which is the ideal way to communicate how the IML Comp Plan works.)
But I want to highlight the key things about it.
It's good for the little guy.
First: One you have 2 people, your income covers your own membership fees. This means that all of your trading profits can now grow and compound. I think this should be the goal for anyone joining my team in the next 72 hours. It's easy because everyone out there wants to make more money easier.
I highly recommend joining as a customer first.
Second: Once you have 3 personal recruits and 12 total in your organization, you hit Platinum 600. At this level, you're earning $600/mo. Now this is probably the lowest amount of personal recruits to hit $600 of any network marketing company I know of. And an extra $600 is a level that can literally change people's lives.
Third: Deeper into the compensation plan, you are given a nice sum of money in a trading account and that account is traded for you – with you keeping 70% of the profits. Pretty awesome!
Are you excited? I am all over again. Check out the IML Compensation Plan:
How To Join iMarketsLive:
There are 2 price points to get started at.
Option #1: Platinum Package: $195 as a customer ($200 as an IBO) and $145/mo as a customer ($150/mo as an IBO). IBO = independent business owner. This gives you access to the Harmonic Scanner, IML Academy, IML TV, and Daily Swing Trades. (This used to be the only level you could join at.)
Options #2 Platinum Plus Package: $235 as a customer and $185 per month. Plus $15 if you want to pay the additional IBO fee. This gives you access to the Harmonic Scanner, IML Academy, IML TV, and Daily Swing Trades, as well as FXSignalsLive, SwipeTrades and FusionTrader.
The IBO/Independent Business Owner is an important legal distinction to have different pricing for customers and business owners. However, again you can see that iMarketsLive is not interested in gauging the distributors for extra money. That is the lowest spread that I think I have ever seen.
But again, I would highly recommend you join as a customer, refer 2 other customers and get free access – and then consider upgrading to an IBO for just $15/mo. You can add the IBO on at any time.
iMarketsLive IML Bonuses:
Yes! I think iMarketsLive is a fantastic product and don't need any bonuses, however, I have created some value-added products for customers who join my team. I should mention that these bonuses you are welcome to give your customers as long as they are part of my group. I want you to understand how this can benefit you for the long-term.
Bonus #1: Custom Webinar
As you may or may not know, I'm one of the best in the world at creating compelling webinars. I have created a presentation webinar that appeals to people who are NOT in the MLM industry. I think that this is the only product in the MLM-space that is worthy of marketing as a stand-alone product – and I'm good at communicating this to business owners and people that are afraid about the volatility of their net-worth as it gets beaten up by the bulls and bears of Wall Street.
This webinar and presentation (including autoresponder followup) are exclusive to my team – and is truly a gamechanger.
Bonus #2: Habits of the Wealthy
Also as a member of our team, you'll get access to my 75+ minute presentation, Habits of the Wealthy, which I encourage all members to carefully go though. It explains some of the counter-intuitive things that wealthy people do. Highly recommended.
Bonus #3: Dividend Investing Formula
This is my own personal investment plan for investing in Dividend paying stocks. Now you won't have the same kind of capital return, but nevertheless, I believe in diversification and owning some individual dividend stocks. This training video will show you how to pick ones that outperform the market.
Bonus #4: Big Picture Financial Overview
This video explain some key elements of a fantastic chart that goes over the most important markers in modern monetary history. (Sounds boring, I know!) But seriously, this is a short video that will give you some ah-ha moments as you look at your own personal finances.
Bonus #5: How I Make 18% ROI
This gem of a video explain a little-known investment asset class that quietly makes me 18%+ ROI per year. Again, this may not rival the gains you see in iMarketsLive, but you'll be glad to learn about it. These bonuses are ONLY available if you are in my group.
Bonus #6: Additional Training Resources
You will also get access to our complete training website with training, tutorials, presentation tools, graphics, and so much more available at IMLTrain that walks you through everything you would possibly need to know.
Lastly, I am a master of paid traffic, and know that this can sell in cold market traffic.
I have also recently achieved the Bing Adcenter Certification as a top Bing Adcenter marketer. So if you (or you know people) who have a budget, I can help you get extremely targeted cold market leads. This is completely optional, and I love working with customers also.
Why Join My iMarketsLive Team:
We are working directly with Chairman 25 Brandon Boyd. And my upline, who has been close to Brandon for years, is a professional options trader. These are great people to have for 3-ways in addition to myself.
Ready to Join My IML Team?
Call or text me at: (617) 340-2920
Ready to lock in right now? Click here to grab the next spot in my matrix.
I hope you got some clarity and value out of this iMarketsLive review. I'm happy to answer any of your questions. And I take the time to make sure each new customer I am getting them setup and using the best products for their needs and wants.