Hello and welcome to my iMarketsLive Review and Compensation Plan Breakdown.
iMarketsLive is a company that offers Internet-based trading services to its customers.
It was founded in 2009 by Michael Freeman, a former Wall Street trader who became disillusioned with the industry after witnessing insider trading and market manipulation on his floor of the New York Stock Exchange.
It provides live market analysis and education for traders, as well as access to over 100 different markets across six continents.
They offer investors access to traditional currencies like US dollars or Euros; commodities such as gold or oil; stocks from around the world including emerging markets; indexes such as NASDAQ Composite Indexes; futures contracts on agricultural commodities or metals like gold, silver, platinum, and palladium just to name a few.
In this review, I am going to cover information about the company, the products, and the compensation plan, and share with you my final thoughts and recommendation.
With that said, let’s dig in and get started.
iMarketsLive (IML) Review – What Is It?
After a very thorough review and research process that I do with every company…
iMarketsLive (IML) has a very good business model but know that it will take time and patience to learn how to trade in cryptocurrency and with fiat currency.
There are a lot of factors that you must take into consideration when trading and even when you have a winning streak and you decide to get brave and make a big trade all of your money could be gone in an instant.
Many say that little trades with little risk are the way to go but this is what you will learn in the iMarketsLive training modules and live webinars that you will get if you decide to join.
Overall, the iMarketisLive opportunity has a fair compensation plan, the products they offer are well put together, and the company has some great leadership.
With that said, let’s dive down into the first section of the review.
iMarketsLive (IML) stands for “International Markets Live”.
Christopher Terry (interview video below) is the CEO and running the company and is also a professional Forex trader with 8 years of experience and multiple 8-figure earners in trading with Forex.
iMarketsLive (IML) launched back in July 2013 and is based in New York City.
The company does business in over 120 countries worldwide and is perfect for those that look for prospects online through Internet marketing and local or the traditional style of marketing.
iMarketsLive (IML) is a Multi-Level-Marketing company in combination with Forex trading.
Related: Top 15 Great MLM Companies In Utah
The iMarkets (IML) Review – Products Overview
The main products of iMarketsLive (IML) are financial trading software.
These products alone cost thousands of thousands of dollars if purchased separately and are used to make money with financial trading in Forex.
iMarketsLive (IML) consists of Forex training and software.
They have recently included Cryptocurrency trading within their platform.
iMarketsLive (IML) Training and Software
IML Academy – This is the training where you will learn everything from the basics to the advanced when it comes to trading in the financial markets with a ton of pre-recorded videos. For those that know how to trade already, there are advanced training modules as well.
Coin Academy – This is where you can find pre-recorded training on the basics of cryptocurrency. This section is dedicated to cryptocurrency and has a ton of video training on everything you will need to know about crypto trading before performing any trades done with cryptocurrency.
IML TV – Over 140 hours of live training per week on education about the platform and Forex trading in the form of webinars with chat and in-depth question-and-answer sessions with some of the best traders in the world.
Web Analyzer – Just like the Harmonic scanner, this software analyzes the algorithms of the money market to give you trade ideas. You can mix it with your own strategies or use the web analyzers provided strategies so that you will have a better opportunity to profit in the financial markets.
Harmonic Scanner – This is an advanced market scanner that gives trade ideas based upon the patterns thousands of traders use this software to earn money with trading.
Swipetrades – The tinder for trading. This is a phone app that will alert you when you should trade as an alert. All you have to do is copy and paste the results of the exact same trades that the trading experts get. No need for studying the markets with this app, all this is done for you with this app!
Daily Swing Trades – Imagine learning basketball from Lebron James or Michael Jordan. Get the most updated education week to week from one of the top traders in the industry Chris Terry on what to look for in the financial market when it comes to trading. He gives his personal top trading ideas in both the financial and cryptocurrency markets.
Binary Options – These are live trading rooms with updated content every single week from expert traders to help you profit with binary. When it comes to the cryptocurrency market this is huge. They teach you what to look for and what is going on in the markets with different trading ideas that present themselves.
Swipe Coin – This software is just like Swipetrades but with the cryptocurrency market. This phone app will give you the latest trade ideas on cryptocurrencies like Bitcoin, Litecoin, and Ethereum in the form of an alert directly to your phone.
Crypto Analyzer – This is software that analyzes the market with a sophisticated algorithm to give you the hottest crypto alerts with an easy-to-read and easy-to-execute format for crypto trading ideas.
How Does iMarketsLive Compensation Plan Work?
This compensation plan is both simple to understand and pays out generously with what I have found in my research.
I will go into more detail in a moment but you basically have 3 legs that your comp plan consists of with unlimited depth of earning potential.
You want to structure your pay structure as even as possible because you will not be able to earn off of just one runaway leg with a ton of volume and the other 2 empty.
There are people working for this company that has never made a dime online or with any other Network Marketing company making some incredible income with how this pay plan is structured and with the product that they offer in my findings.
The way it breaks down is that when you are able to sponsor just 12 people into your organization and have them balanced within 3 legs with no more than 40% of the commissionable volume coming from 1 leg, you will be making about $600 per month!
That is not too bad in my book when compared to other companies compensation plans.
How are the iMarketsLive Commissions Structured?
The compensation plan is structured as a unilevel compensation plan.
This means that all your personal referrals will be placed on your 1st level.
But with how this compensation plan is structured you will have a holding tank.
The holding tank basically holds your referrals for a short period of time and you will also have the ability to place those personal referrals under people on your team.
So even though the commission plan is structured as a unilevel which is traditionally 1 level for all your personals you can actually stack them to just concentrate on a certain amount of legs of your choosing.
Now with that said, the compensation plan is structured in a way that when you are starting out you will want to concentrate on building only 3 legs.
As I mentioned above you can earn $600 per month with just 12 people on your team in 3 legs whether they are your personals or referrals from one of your personal referrals or team members on those 3 legs.
Commission Plan Breakdown
As I mentioned before, there are 2 ways to join but you will have huge advantages with where the compensation plan is concerned.
The first section of the Platinum Level would be…
The Platinum Bonus
The Platinum Bonus is paid weekly and is considered a fast-start bonus when compared to most other MLM companies.
This is paid out when you refer people to this company and they upgrade to the Platinum Level.
These commissions are also paid out weekly.
So when you refer someone and they upgrade to the Platinum Level you earn a $35 commission payout.
So when you refer 10 at the Platinum Level you earn $350 which will also be paid out weekly.
These bonus commissions are always nice for companies to include especially for those that pay to advertise so that you can get some type of return on your paid adverts.
And to further increase your Platinum Bonus weekly commissions, when you reach the higher ranks you will open up more earning potential for example:
As a Platinum 600, you will be able to earn 2 levels deep so when your personal recruits enroll people you will also earn an additional $10 per new second-level member one time.
Here is a chart to get a visual of the Platinum Bonus levels:
Weekly Residual Income
Unlike other companies, these guys pay out the residuals weekly!
Their claim to fame in this area is to be the first company to bring weekly residual commission checks paid out to your bank account.
They have been around for over 5 years now and I’ve not found another company at that time to have weekly residuals, so that claim could possibly be very true unless I find out something I don’t know at this time but I will update this section if I am wrong.
So as far as residuals go, this depends on your rank.
The residuals consist of as little as $37.50 per week all the way to $125,000 per week depending on your rank qualification.
If you are a Platinum 100 you can be earning up to $150 per month or $37.50 per week.
For a Platinum 600, you can earn up to $600 per month or $150 per week.
This is the rank where when you sponsor just 12 people in 3 legs you will be earning $600 in commissions monthly which is a REALLY strong pay plan compared to ANY MLM company out on the market today.
Then the higher you go in rank the more money you can make per week.
I have included a compensation plan chart explaining the difference in levels of the commission pay structure you can earn when you reach certain ranks listed below.
**Please Note: These amounts represent monthly earnings even though the total amount shown is divided out per week (4) and paid out weekly.
**Also Note… as long as you maintain your rank each week, you will get paid out the amount shown every week in commissions shown reflecting the chart I have included above.
What’s not included in the monthly residual commission earnings are ANOTHER 2 levels which are Chairman 250 which earns $250,000 per month and Chairman 500 which earns $500,000 per month!
So you see with just the iMarketsLive (IML) residual compensation plan part of it can really be life-changing income when you reach certain ranks.
Chairman Infinity Bonus
According to iMarketsLive (IML), they are claiming this is the most powerful aspect of their commission plan structure to earn money.
I will beg to differ simply because I feel that the residual income aspect yields a strong enough return upfront that keeps members happy with weekly payouts.
The fact that you don’t need too many personal referrals to earn a decent income.
As a matter of fact, you only need 2 referrals to break even with your monthly requirement!
But let’s break down this part of the compensation plan and you can be the judge.
These bonuses start when you hit the Chairman rank.
These bonus commissions are also paid out ON TOP of your residual commissions.
So basically once you reach the rank of Chairman you will earn up to 2% of your total volume per leg down to the first matching rank.
So these percentages listed are per leg!
These are paid out down to total members also per leg unless there’s someone on that leg that has the same rank or higher than you.
In that case, that percentage will run down until it hits that person.
I’ve included a chart to include a visual understanding to help you understand this part of the commission plan.
Also, these commissions represent a max that you can earn per qualifying rank that you reach, and also are paid “up to” those commissions listed.
Some of the payouts listed are:
Chairman 10, which pays 1% per leg and “up to” $1000 per leg.
Chairman 25, which pays 1% per leg and “up to” $2,500 per leg.
All the way up to Chairman 500, which pays 2% per leg and “up to” $40,000 per leg!
Very substantial commissions can be earned here with this part of the compensation plan but it will take some work to get to these ranks, and for that reason alone is why I feel the residual commission part of the commission plan is where I feel it’s most powerful where people get excited to keep building and growing their teams to eventually get to the ranks listed here.
Rank Achievement Bonus
This bonus is a reward for staying in the business and staying committed to taking the time to build your business long-term and very large and strong.
When researching the compensation plan bonuses it is really clear that they are paying out a ton of money to those members that are really taking this opportunity seriously as you can see in the chart that I included below.
The first half of these bonuses are paid out one time for reaching these ranks and maintaining them for 3 consecutive months.
And the other half will still need you to maintain the rank for 3 months BUT will be paid out for multiple months.
Now most companies that I’ve encountered only have a rank achievement bonus that pays out, but usually only one time.
I don’t think I have come across a Network Marketing company that pays out a rank advancement bonus for consecutive months and that is why this part of the commission plan is very lucrative, innovative, and is very strong.
With that said, it is going to take a TON of work and of course time to get to these ranks but makes it that much more enticing to try to reach for what the company offers.
I’ve included a chart below that illustrates the amount earned when you reach the qualifying ranks that qualify you for this bonus.
And this final section is about how to achieve the lucrative task of moving up in rank.
By moving up in rank you can see the income potential that is possible with how this commission structure is laid out.
This compensation plan is structured as a unilevel meaning that you can have unlimited legs… But to maximize this comp plan it is best to only build 3 and you can do this due to their holding tank, which means that every new member that you personally sponsor will not be placed for a short amount of time until the system either places that member for you on your front line or when you manually place that member underneath another team member on any of your legs!
This is a really great tool for you to use to maximize this pay plan and help your team grow with downline members seeing momentum, and to help with recruiting leaders into the business as well.
Here is a list of the ranks and what you will need to do to qualify for each rank advancement:
**Note: You will need PSV (personal sponsored volume) and group or team overall volume to reach each ranking level which is illustrated on the chart, after Chairman 100 you will need additional ranking factors to hit the higher levels listed below. You cannot have any 1 leg producing 40% of all the group volume and there is also a customer rule as well (refer to chart). There may be acronyms for certain verbiage of what is being explained below like PSV (personal sponsored volume) that you might not understand but I will include a guide below to explain what each one means.
- Starting Point A (IBO/Customer) – At this lower-priced level you are qualified to participate in the compensation plan but you will not have access to the training or software. There is NO personal volume at this level that contributes to the compensation plan.
- Starting Point B (Platinum/Customer) – Simply join at the Platinum Level and have 0 personal members. (each Platinum Member on your team contributes to 145 PSV) You will have access to all the training and all the software.
- Platinum 150 – You are required to have 3 personally sponsored Platinum level referrals with a 435 PSV.
- Platinum 600 – You will need 12 Platinum members within 3 legs and a personal volume of 290 (at least 2 personals Platinum members) and a group volume of 1740 total, which includes your personal volume.
- Platinum 1000 – You will need 30 Platinum members within 3 legs and a personal volume of 290 (at least 2 personals Platinum members) which is the same as P600 but you will need a group volume of 4350 total, which also includes your personal volume.
- Platinum 2000 – You will need 75 Platinum members within 3 legs and a personal volume of 435 (at least 3 personals Platinum members) and a group volume of 10875 total, which includes your personal volume.
- Platinum 5000 – You will need 225 Platinum members within 3 legs and a personal volume of 435 (at least 3 personals Platinum members) and a group volume of 36625 total, which includes your personal volume.
- Chairman 10 – You will need 500 Platinum members within 3 legs and a personal volume of 435 PSV (at least 3 personals Platinum members) and a group volume of 72500 total, which includes your personal volume.
**Note: At the Chairman 25 Rank and above you will need additional requirements to qualify for these higher ranks in the form of having a certain amount of team members reaching a certain rank. (either your personally sponsored members or your downline members)
- Chairman 25 – You will need 1250 Platinum members within 3 legs and a personal volume of 435 PSV (at least 3 personals Platinum members) and a group volume of 18250 total, which includes your personal volume. (also needed: 2 “Platinum 2000” members within “2” different legs)
- Chairman 50 – You will need 2500 Platinum members within 3 legs and a personal volume of 435 PSV (at least 3 personals Platinum members) and a group volume of 362500 total, which includes your personal volume. (also needed: 1 “Platinum 2000” member and “1 Platinum 5000” member within “2” different legs)
- Chairman 100 – You will need 5000 Platinum members within 3 legs and a personal volume of 435 (at least 3 personals Platinum members) and a group volume of 725000 total, which includes your personal volume. (also needed: 2 “Chairman 10” members within “2” different legs)
**Note: Not included in the chart are Platinum 250 and Platinum 500 which I will describe here and you are also required to have 1 more personally sponsored Platinum level member from the prior rank levels or 580 PSV.
- Chairman 250 – At this level, you will need 2500 Platinum members within 3 legs and a personal volume of 580 (at least 4 personals Platinum members), and a group volume of 2,175,000 total, which includes your personal volume. (also needed: 2 “Chairman 25” members within “2” different legs)*Chairman 250’s will earn $250,000 per month in Weekly Residual Income!
- Chairman 500 – At this level, you will need 2500 Platinum members within 3 legs and a personal volume of 580 (at least 4 personals Platinum members), and a group volume of 4,350,000 total, which includes your personal volume. (also needed: 2 “Chairman 50” members within “2” different legs)*Chairman 500’s will earn $500,000 per month in Weekly Residual Income!
What’s The Cost To Join iMarketsLive (IML)?
When you are ready to join iMarketsLive there are 2 options that you will have when you join.
I will give you a brief overview of both the cost and what it entails.
- If you join as an IBO, the cost is $15 with a monthly renewal of $15 to keep your business active.
Being an IBO lets you share the IML products and services with others while taking part in the Compensation Plan.
There is no requirement to purchase the Platinum Package as an IBO, though we highly recommend it.
**There is NO volume that contributes to the compensation plan at the IBO level.
- If you decide to join with a Platinum Package as a Customer, the startup cost is $195 with a monthly renewal of $145.
**Your monthly Platinum Package generates 145 in volume each month subscribed which contributes to the compensation plan.
Note: A Platinum Package gives you access to all of the iMarketsLive products.
You can purchase the Platinum Package as just a retail customer or as an IBO.
So you see you have 2 options to join and both will let you earn commissions from sponsoring people into the company but as you can see through my commission plan breakdown you will have more benefits with option 2.
How Do You Make Money With iMarketsLive (IML)?
In this section, I will explain how you can make money with iMarketsLive (IML).
Just like any other Network Marketing company, you will want to invite people to see a presentation about iMarketsLive (IML) and hopefully, that presentation sells the opportunity enough to where they join right away or join later.
You can get a more detailed overview of what MLM is all about in the section I included below that is labeled “What is Network Marketing?”.
Can The New Person Make Money With iMarketsLive?
Can the new person with no experience with making money in iMarketsLive (IML)?
This is an interesting question because through my research I found it kind of refreshing that people that have been in the market trying to make money online but have not succeeded yet are actually making money.
Not just getting by a couple of hundred bucks per month in commissions, I mean thousands of dollars per month in commissions that can change a person’s life.
And not only that, MANY people that are using the tools and have not sponsored 1 single person are making money too!
These are people that I ran into in my research and that I know of that have had many struggles and never had any type of success but they all had one thing in common.
Which was never giving up!
It’s a simple concept and I’ve encountered many people through the years I’ve been marketing online who say that they are motivated and won’t let setbacks and struggles deter them from keeping them from moving forward.
Then eventually give up and never be heard from ever again.
Well, from the groups and circles that we had in common online of course.
But for those that didn’t have it in them to give up, I find that many of them eventually had success of some type.
With iMarketsLive (IML) it seems like the percentage of those that had little to no success online but never gave up are having success with this company in either the referral aspect of the trading or education part of it.
I was curious about why this was.
So that is why I wanted to dig deeper.
And so that is what I did.
I’m not 100% confident I can put my finger on any specific reason as to why this is, but I do have a theory.
What I am thinking is that those Bitcoin companies that keep getting shut down by the FTC gave those people more education about trading with currency and how powerful it can be to earn with the ever-changing trading markets.
I believe that those types of programs gave this program more fuel because iMarketsLive (IML) is in the Forex MLM niche that deals with world currencies like the US dollar, Euro, and Canadian Dollar.
So when the Bitcoin rev-share companies started popping up and getting shut down created more education on currency trading of all types as a byproduct.
So with the cryptocurrency companies leaving amazing experiences with regular people making money but horrible in the fact that they all kept getting shut down, it left people with mixed emotions.
And that is where iMarketsLive (IML) comes into the picture and shines in my opinion.
Taking almost all of the good aspects they had with the cryptocurrency companies minus the bad illegal sides to them.
So the answer to the question, “Can you make money with iMarketsLive (IML)?”…
Absolutely, you can!
In several ways, not just by recruiting and building the comp plan!
In the next section, I just want to quickly go over what Network Marketing is all about and how people make money online from home with it for those that are new to the industry.
Then I will share my thoughts and opinions about what I REALLY think about iMarketsLive (IML).
What is Network Marketing?
In this section, I just want to give a quick overview of what Network Marketing is all about and some of the benefits for those that are new to the industry.
I feel that this is beneficial for those that are just starting out with Multi-Level-Marketing simply for educational purposes.
And for those that have been in the industry for a while simply skip over this part to get to my final thoughts about my overall views and concerns about iMarketsLive (IML).
So let’s dive down.
A business model designed in which a distributor network is needed to build the business. Usually, such businesses are also multilevel marketing in nature in that payouts occur at multiple levels.
Network Marketing or MLM is a form of a business opportunity that has been very popular with individuals searching to supplement their income with something part-time with flexible hours. Some of the most well-known MLM companies in America include names like Primerica, Mary Kay, and Beachbody!
MLM opportunities usually have a low upfront investment, to participate in the compensation plan consisting of just under one hundred to a few hundred dollars to get started with the purchase of some sort of product, service, or kit.
Most MLM companies encourage their distributors and customers to recruit others by sharing the opportunity which is usually the main choice for the companies marketing efforts for the growth of their company.
The referrals constitute a rep’s “downline,” and their sales generate income for the ones that referred that person. the customer, and those above them in the program.
When companies have it set up where you can only refer others for the recruiting part of Network Marketing to make money and not for product purchases as well, then that is considered illegal and has a name called a pyramid scheme.
Network Marketing programs are usually exempt from business opportunity regulation and aren’t defined as franchises under state and federal franchise laws, so it’s best to do your research on any company you consider joining.
And this is exactly why I decided to do all the research for people and put it here because I understand how difficult it is to find good and thorough information on many of the MLM companies out there today.
Hope you enjoyed my quick overview of what Network Marketing is, let’s move on to the final section with my final thoughts about iMarketsLive (IML) and learn what my special bonus is for you when you decide to join me and for being part of my amazing team of experts.
Is iMarketsLive BBB Accredited?
iMarketsLive is not accredited with the Better Business Bureau but they do have a listing on the website.
Here is some of the information that we found on the BBB website:
- The company is registered under the name “International Markets Live, LLC
- The company has 44 customer reviews
- They have just over a 4-star rating
- The BBB has a rating of an “F” for the company
- The main issue for the complaints is problems with the product/service and the second is the billing.
For more information about the BBB rating or customer complaints, you can check here.
My Final iMarketsLive (IML) Review, Thoughts, and Bonus
I have to be honest.
At first glance and after researching the many aspects that IML has to offer, I found it very interesting.
When I first looked into this company I kept saying to myself that this is a really great platform for learning how to trade currencies with all the software and hands-on education platforms it offers, plus the realized how amazing of a Network Marketing company this is.
I found myself saying to myself “this is a great program”.
So What Are Some Pros?
- You can make a great amount of money without having to recruit a single person with the software, tools, and training that you will have full access to at the Platinum level, PLUS, as a personal team member, you will receive our extra special bonus listed below!
- Another pro would be that you can participate in the compensation plan at the $15 dollar IBO level and have no limitations for earning commissions with no limitations other than the qualifying requirements!
- You will be joining a solid and long-term company (over 5 years) that has created financial freedom for many of the members through both the education and software with trading currency and also through the commission plan!
What Are Some Cons?
There are actually 2 cons that I’ve found if you really want to call them cons which are:
- You will have to upgrade to the Platinum “Customer” level in order to receive all of the software and training available (including my special bonus).
Either way, these are not real cons in my opinion.
Is iMarketsLive (IML) Recommended?
You now have all of the information that you would need to make an educated decision on whether or not iMarketsLive is right for you or not.
If you were to ask me if I would join, I would have to say no, not at this time.
With that said…
I hope you enjoyed reading my iMarketsLive (IML) review on the compensation plan, the company, and the products as much as I’ve enjoyed researching and putting this article together for you!
Make sure to click on the social share buttons on this page to share it with others so that people can learn exactly what the iMarketsLive (IML) opportunity is really all about.
Thank you for your support!