iMarketslive Review 2022 Edition (IM Academy):
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?
And while I am a big fan of Robo Advisors, there’s nothing like really growing your money quickly.
NOTE: I am no longer involved with iMarketsLive or IM Academy as there are numerous shady things that I have heard about and seen.
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. (I use this platform to trade my own individual 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 in 2022 since it was originally written as iMarketsLive has made some changes and added several products to their company.]
Some of the big changes are product expansion into the cryptocurrency space with cryptocurrency education and the brand new SwipeCoin app, and some other significant changes. I’ll lay out the changes as clearly as I can. If you have questions, feel free to shoot me off a text at 813-324-6199, and I’ll get back to you personally.
NOTE: I am not one of those big hype people. This is a straightforward review and if you have questions, I’ll answer them directly and honestly. You find that with everyone associated with iMarketslive.
In fact, that’s one of the major problems with iMarketsLive being such a low-cost option. It allows inexperienced investors to get into the FOREX and crypto markets – without understanding proper investing protocol and risk management. So if you see negative reviews, typically this is because you have uninformed people coming into the market without the proper re-education.
This is one of the major reasons why I partnered with a professional options trader and why I take the time to make sure any new iMarketsLive customers are setup the right way.
This post will explain some of my own results with iMarketslive and by SwipeTrades results. I’ve been very happy using this service, particularly SwipeTrades, and SwipeCoin, which just saw a 30% ROI in its maiden week. This is documented as part of my iMarketsLive review in 2018.
So, what is iMarketsLive?
iMarketsLive is a 6-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 (and now cryptocurrency) markets and professional traders. (FOREX has the added distinction of being a leveraged instrument.)
NOTE: In regards to the crypto, you can use leveraged or non-leveraged ways to trade crypto. Since Crypto is so volatile, I recommend using un-leveraged accounts in crypto.
iMarketsLive was founded by a professional trader, Christopher Terry.
iMarketsLive Founder: Meet 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!)
Can you trust Chris Terry?
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.
In my iMarketsLive Review, this is one of the main issues and it continues to be an issue with iMarketslive in 2018.
The Big Problem With Chris Terry As iMarketsLive Owner
For example, he had one trader, Nader “The Pip Master” go rogue and deviate from the guidelines he was supposed to trade under. Nader 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 a”almost-too-late” business decisions.
That being said, the opportunity for average people to leverage the trading minds of experienced traders is an incredible opportunity. You just have to understand proper risk management first.
So before going forward, you are advised to watch this video from iMarketsLive/SwipeTrades Trader Justin Adams on Risk Management in FOREX:
The iMarketsLive Products:
There are 8 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 hands-on 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.
New Product: SwipeCoin
Check out the new SwipeCoin trailer:
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.
NOTE: The mirro trader has been discontinued temporarily, as it had some issues that could not be worked out with several regulatory bodies.
A note about broker accounts: 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.
However, some brokers are better than others. There are A book and B book brokers. A book brokers provide liquidity and don’t bet against their clients. B Book brokers take the opposing side of a trade against their client. As you can imagine, this creates a serious conflict of interest.
Here’s a video on one of the brokers I use personally that explains a bit about the distinction between A-Book and B-book FOREX brokers:
That’s why I like to guide my customers of iMarketsLive to pick a suitable broker when I get them started. I’m happy to provide recommendations of what I use personally.
I also give them some extra education on FOREX, which I believe is key to a lifetime of success as an investor.
Which Brokers Can I Use With iMarketsLive?
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:
UPDATE: I also opened an account with JAFX because they also trade cryptocurrencies, which I have started to put a lot of my portfolio into. If you’re interested in what I’m picking up, reach out to me on my blog and ask. I closed my account at Capital City Markets as this was my smallest account and I wanted to centralize my portfolio more.
(FX Choice gives you a signup 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.
I have closed my account with Capital City Markets – this was not for any reason other than consolidating my trading accounts.
Once you set up your FOREX account and fund it, you can start using SwipeTrades, which is the recommended starting point in iMarketsLive if plan on trading FOREX.
So let’s pretend you start following the specific trade signals provided by SwipeTrades. Whenever one of the SwipeTrades traders makes a trade, the same trade happens automatically and simultaneously in your account. Now professional traders are conservative. They rarely trade more than 1-2% of their entire account on any one trade. However, you can increase the ratio and risk in your trading account if you want to.
So now, every time Steady Freddie makes a trade, you take one with him.
This gets even better with full automation.
We have software you can use to take all the trades – no matter if you are busy or sleeping.
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.
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 in 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 and CryptoPicasso.
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?
UPDATE: iMarketsLive TV has a native iPhone app so you can access these live training easier on your mobile device!
UPDATE: iMarketsLive now has several Crypto trading sessions per week. Learn to trade cryptocurrencies from real traders in a 24-7 non-stop crypto boom marketplace.
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.)
Here’s how to Enroll as a customer with our team (the largest and best supported) in iMarketsLive:
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.
UPDATE: SwipeTrades now has 2 other traders so you can make even more profits using the iMarketsLive Swipe Trades Alerts.
Note: We do have a solution to automate SwipeTrades that is only available with our team. If you are interested in the details, please let me know.
Product 5: Daily Swing Trading Signals
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 session 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 through the IML Academy and understand the basics.
They also have some of the training in Spanish.
iMarketsLive has also started to roll out training specifically on how to trade and profit from the cryptocurrency markets. This is huge boom opportunity, particularly if you want to leverage the crypto markets which are prime for swing trading.
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.
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
FusionTrader has been discontinued in part to inconsistent results. It’s better to use SwipeTrades which has proven to be a consistent winner.
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 several ways to get started. So here’s what I recommend:
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 does not have a perfect BBB rating. Keep in mind that iMarketslive is over-hyped by many distributors, and many people join who have ZERO experience trading – which is not an ideal combo.
When you add in that FOREX is a leveraged instrument where you hold a contract, not an actual asset, and people who don’t understand risk management, it can produce some problems. This is why I consider it very important to make sure my new customers understand fully what risk management is and why it’s important not to risk too much in any single trade… even though you are getting a 65%+ win rate at minimum using the service.
Here is the iMarketslive BBB profile.
UPDATE: SwipeTrades Results: NEW SwipeTrades 3.0
Swipetrades is going through changes again in Nov 2018. They are breaking it into different options.
There is going to be a SwipeTradesPLUS account, which is traders that have a better track record of profits and higher pips and percentage wins, and the regular SwipeTrades.
You can choose to do any or all of taking Position, Swing or Intraday Trades. You can also take only trades in certain sessions – avoiding the problem of trades coming in at 3am. So you can choose to toggle on or off the London Session (12-8 UTC), US Session (8-4 UTC) and/or the Asian Session (4-midnight UTC)
There is also going to be a rolling membership of traders keeping up certain results to maintain in SwipeTrades and a pool of traders ready to take their place who are currently under “tests” with iMarketsLive.
There is also a 2 minute minimum time that the IML user can place their own trade BEFORE the trader – which allows for better accountability.
A lot of the changes are to bring about better accountability and transparency with the results of SwipeTrades.
So while this is all a little more complex, it should bring in consistently better rewards for our iMarketsLive users of SwipeTrades.
You can also get notifications via email, SMS or neither.
There is also a searchable trade database which should bring a lot better accountability and transparency. it will include, pending, canceled, active, stopped out, etc.
Please watch the new UPDATES on SWIPETRADES 3.0:
If you are looking at SwipeTrades, and SwipeTrades Results, it’s very important you watch this video about the new changes. NOTE: The profits last month were atypically low. Most months are significantly stronger. But keep in mind, winning is not guaranteed.
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 through. 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 explains 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 explains 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 could 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.
UPDATED: Bonus #7: Crypto Training
I give you my own crypto trading formula that has produced incredible results. Just last week I made a 430% gain my crypto portfolio.
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. I know traders and know how to help you pick the right portfolio mix for your trading style.
Ready to Join My IML Team?
Call or text me at: 813-324-6199
I no longer endorse iMarketsLive
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 set up and using the best products for their needs and wants.
Consider how important this is when getting started with iMarketsLive.
Hey, I’m Andrew. I’m passionate about cryptocurrency, YouTube Ads, soccer and music. I run a private newsletter where I help you pick the right coins.
I also happen to run a SAAS that helps marketers give their shared links superpowers. Check out Linkalytics here.
Got a marketing question? Need some direction? Book a call with me.
OK, let the games begin. If you have questions, fire away.
HI,this bukunmi from Nigeria,is imarketslive a fxbroker or just forex education and signal service provider with subscription you talked about .thanks
It is not a broker. Always have an independent broker. Did you read my review? I tried to make that clear. Did you have any questions before trying out imarketslive?
That, Andrew, was perhaps one of THEE best explanations of an opp (or just about anything else) that i’ve ever read. Clear, concise, and to-the-point. Simply put, you join, get others underneath you, fund your account, and have it mirror-traded while you learn or perhaps get in on the called trades, or use their harmonic scanner to place trades. So judging from what you wrote, people who join under you will get our own site to promote, with our own links, and a webinar video explanation of IML to promote? Or are you going to do the promoting and “stacking” people underneath us? Or both? Like what I’m seeing here. Thanx for sharing (y)
Thanks Tim. I really appreciate it. As you can tell I’m totally in alignment with this and passionate about it.
Anyone that joins my team will get custom marketing tools. I am going to be promoting this and stacking people – but others are welcome to do the same. it’s going to be a win-win with iMarketsLive!
I couldn’t work today, and ended up looking at your emails today and the YT webinars you’ve been doing with Jeremy. The eCom thing I’m doing is being drip-fed (not a bad thing, though), and I even set up a quick IML fanpage, believe it or not. I can understand the free marketing explanation of commenting on the sites with network marketing guru’s, but I won’t hit my “warm” market just yet; have my reasons. Now I see you’re still doing the stacking thing, but just wondering how it goes with paid marketing. How much should I have budgeted at first? What link would I drive traffic to? Are there things to put on a fanpage and boost the post? Are u doing co-ops or using a rotator to stack signups for us? And with the trial period, am I charged $150 after 30 days, or on May 4th? I just keep kicking this whole thing around in my head as possibly a way to earn while I’m doing the eCom thing and my regular job, though I don’t want to spread myself too thin without making some ROI I’d appreciate your feedback, but will stay away from the warm market thing for now
We have a webinar that works on a replicated link, and 2 stand-alone pages that work on a replicated link.
I don’t have costs on the cold market, but next week Jeremy and I are going to be hitting it hard. This is the kind of product you can sell in the cold market, and I’m really excited about helping people with this product. I’m passionate about it – and how it can help average people.
You can come in as a customer and refer other customers. 3 referrals and your entire subscription to all products is FREE!
Honestly, I don’t know why anyone would not put money into this and watch their profits grow passively in the background. I’m around to talk by phone if you want to discuss anything in further detail, Tim.
I’m in, let’s rock this.
Sounds like a plan, Marc!
Hey, what if I don’t want to bring more people in? What if I only want to make money myself?
Perfect. Join as a customer. You can keep it a secret. In fact, I recommend people join as a customer first. The iMarketLive products are incredible and you should put your focus at first into using them successfully in my opinion.
I’m here to help you with anything you need as a customer.
I am not a fan of anything network marketing, however the platform is intriguing. If your not a recruiter the monthly fees get a little steep, it seems that would eat into your overall gains rater quickly. How much money would you suggest trading with to offset that?
Hi JM. Costs are high with a very small balance. You are correct, that just to break even you would need to earn $150 approximately a month to cover the subscription and access to the products.
Keep in mind that many people don’t understand how the fees even in mutual funds for example can eat into profits.
You would need about $500 account using SwipeTrades or $1000 using the mirror trader to start making a profit.
Keep in mind, the ROI of making $150/mo from seed capital of only $500 or $1000 would not even be possible using the ROI on traditional investments.
I would recommend starting with around $500-$1000 – even if you are just breaking even. Prove it works to yourself, then if you feel comfortable, you can increase your account size. We do have real traders on our team who can help you get started and answer your questions as you learn this new skill.
If you decide to take a leap, you can join here as a customer: https://andrewmurrayhq.com
Or if you have any other questions, I’d be happy to help.
Hi Andrew — Is joining IML still
$200 up front, then $150/month thereafter ?
There are now 2 levels of membership. I need to update my blog post about iMarketsLive.
Platinum package is $195 for the first month followed by $145/mo.
You get access to: Harmonic Scanner, IML Academy, IML TV, and Daily Swing Trades.
Platinum Plus package: $235 first month followed by $185/mo.
You get access to: Harmonic Scanner, IML Academy, IML TV, and Daily Swing Trades, as well as FXSignalsLive, SwipeTrades and FusionTrader.
So I recommend you start with Platinum Plus if you want passive growth.
As long as any customer has 2 referrals, you will have free access.
Compare these fees to what you would typically pay a broker (about 2.5%) to manage your money. (And get a change of earning ~10% ROI in a good year in traditional stocks.)
I’d be happy to answer any questions you have personally if you need more detail.
Hey Andrew. I just found out about this and i’ve been reading these comments, and here you say “So I recommend you start with Platinum Plus if you want passive growth. As long as any customer has 2 referrals, you will have free access.” What does it mean? please elaborate
Sure. I really like the Platinum Plus because you get access to SwipeTrades. Take a few seconds and look at the results history of SwipeTrades: https://andrewmurrayhq.com/imarketslive-review
But iMarketsLive has so many products, some people are drawn to different ones. Some like to learn FOREX, and some don’t want to learn FOREX. Either way you can win and generate revenue with iMarketsLive.
For customers, if they have 2 active referrals, their own membership is free. This means that once you decide to try iMarketsLive out and become a customer, you can, if you want, refer other customers. Once you have 2 customers, your $185 membership is free – meaning you simply are not charged and you get access to the product just the same. Some people choose to take advantage of that and others don’t. It’s simply a way of saving $2000 approx per year that you can re-invest into your trading account.
Does that make it clearer? I’d be happy to discuss this over the phone if you still have questions or need clarification.
Do you have to verify your age and when i join do i have to add more money to start trading or no?
I believe all brokers will ask for verification. iMarketsLive does not verify your age if I recall correctly. If you are too young to trade, it’s in your best interest not to find a loophole.
You don’t need to start with any money to trade, and you could treat it like an education, but keep in mind you would be trading on a demo account.
You can open an account with $100 or $200 in real money after trading on the demo and start from there. However, you would need to start in the live trading rooms or in swipetrades. With proper money management, which we teach, you could slowly work your way into real profits in the FOREX markets.
Did that answer your question?
How much does it cost per month just be a customer ?
Hi Joseph. The same price. $145/mo. We have many people who are just customers.
is there a way to be free if you are just a customer?
Absolutely. You just refer 2 other customers. As long as you have 2 current active customers, your account is completely free, and you would save approximately $2000 per year. So it’s worth setting that target if you become a customer. You would be able to re-invest that instead of having it spent in tax-deductible fees.
Hey Andrew! Since your broker above no longer accepts Canadians, which one would you recommend for use with IML? AvaTrade sounds good but I thought you might have an idea or two. 🙂
I’m using FXChoice. If you open an account through this link you get a 15% bonus on your first deposit:
FXChoice also has the added benefit (mostly for Americans) that it syncs up with PersonalCapital, which is kind of like a Mint 2.0
Any particular reason other than the above that you picked them?
Yes. I have a trader friend in iMarketsLive who has just traded full time. He did a lot of research on the different brokers, and he told me after thorough research that FX Choice was the place to be. This is somebody I trust. But you are free to use any number of different brokers.
Andrew, with the mirror trader pairing your broker account with the IML product, what about broker fees? Do they charge a transaction fee, monthly fee, etc?
Hi Josh. The broker does charge a fee. This is minimal. The fee is less than a few cents. Fees depend on the broker and type of FOREX account you setup. So after joining, I get on the phone and help give you my advice as I help you get setup correctly.
Then it operates automatically.
It’s a fantastic product.
hey Andrew murray, if i join under the platinum package and i dont have any referals, can my profits at the end of the month be able to cater for the monthly 185$ charge and leave me with alittle profit?
That depends on how much you have invested. It certainly cannot be guaranteed in any capacity, but it certainly can be achieved with the correct risk management and gameplan.
I do give a custom gameplan to all my new customers who try out iMarketsLive through my link:
I have been a member for 1 year, lost $10,000 on auto trading. The figures and screen shots are not what the appear. They are the masters profits, do not expect to get the same. While he may enter a trade at x time and y position and close at x time and close at y position YOUR trades will not. This means a profit of $10 for the master may be $2 for you or even a $10 loss ! At worse hundreds to a thousand difference to the masters trade due to it not going in at the exact time.
The pictures of the above trades are a “good time” which quickly ended and many trades get fired , there bad results (-4000 pips as an example) get deleted. I have not had one trader make more than the month fee which is actually $180 when you pay extra for the auto trading make more than that with a $5000+ account let alone the $500-$1000 you suggest..
Maybe if you traded by yourself and used the other parts of the program you may benefit but 100% not the auto trading. The company ignores your emails and lies about issues and makes excuses. Not a reputable company at all.
Hi, i’m recently looking to join Imarketlive but i need someone to get me in. I have close to 0 knowledge about trading but i want to give it a try. can you please give some advice how much do i need to invest and how do i join this program. If anything happen, am i able to cancel my membership? i only looking to make some extra cash.
hi i am Louisa kindly go to whatisiml.com for the presentation. i am based in South Africa and i joined Imarketslive with $200 and in 3 weeks time i made $70 profit. i am also new, know nothing but i am learning through their webinars. to join u need to use Imarkets member login details. yes u are allowed to cancel anytime.
Thanks for sharing your results, Louisa. I think it’s good for people to understand this ACTUALLY works for non-professional traders and everyday people across the globe.
Hi Andrew…sorry I’m lost a bit. What’s the difference between starting with about 500 or 1000 and subscribing with 235 for plat. plus
Hi Mercedes. You need only join as a customer. If you want to use SwipeTrades, which I highly recommend my new customers start with, then you will need to join at platinum plus, which is $235 for the first month and $185 for each subsequent month. You can, of course, cancel anytime. But most customers who get setup with my team do not – because of the consistent profits.
Also is the 2 referrals one off or monthly
As long as you have 2 active referrals, your own membership is free. Look at the results people are having: https://andrewmurrayhq.com/imarketslive-review
hi Andrew what would be a good amount to start off with for a beginner
I would recommend starting with $1000. You can start with less, but your risk is a bit higher. $300 would be the lowest I would recommend.