iMarketsLive Review

iMarketsLive by Christopher Terry is masqueraded as the ultimate service for Forex traders. However, the truth of the matter here is that this is simply a cover. One that is used to hide Mr. Terry’s real objective, which is to make money off of you. This objective iMarketsLive review reveals the complete picture, a picture every Forex trader needs to see.

What is iMarketsLive?

International Markets Live or IML, found at imarketslive.com, was founded by Mr. Terry in 2013 and offers a range of supposedly efficient services for forex traders. These include a Live Trading Room, where you can watch expert traders like Christopher Terry himself trading live in webinars. FXSignalsLive touted as an automatic software solution in which your account will mirror trades taken by iMarketsLive expert team of top traders.

Lastly, there is the Harmonic Scanner, this scanner and charting package identifies key harmonic patterns in the forex market and draws and labels the various harmonic patterns right inside your MT4 platform. iMarketsLive promotes its tools and services as exclusive, meaning you can only access them via an upfront paid membership. This membership costs $195 upfront, along with a recurring $145 monthly fee.

An interesting side note on the Harmonic Scanner. It is alleged that Christopher Terry collaborated with Scott Carney, a well-known Harmonic Trader, to create the IML Harmonic Pattern Scanner. However, we discovered that Mr. Carney has a very similar product of his own (also a Harmonic scanner) called the Formation Seeker. His product is sold at a much lower price of $99. Wouldn’t you prefer to buy from the creator himself at a lower price?

Christopher Terry Has a Dark Past!

This part of our iMarketsLive review is the most important. Christopher Terry claims to be a very well-known & respected trader who allegedly has been quoted in numerous books, published over a dozen magazine articles on trading, been featured on Bloomberg radio as well as having traded on both personal & corporate accounts for over $50 million. On top of all that, Mr. Terry claims to have made a substantial fortune of around $80 million from trading! The question is, did he really make his fortune from just trading the markets?

Unfortunately, while doing our investigations for this iMarketsLive review, we could find nothing to back up these claims. Surely, if he were a well-known trader who made millions, he would have been interviewed on news channels like NBC or Fox. In much the same way, other famous forex traders like George Soros or Warren Buffett have. No matter how deep or far we searched, we could not find a credible track record of his trading anywhere. This is where we started becoming a bit skeptical of Christopher Terry.

What we did find, though, was that it is most likely that Mr. Terry made the bulk of his fortune from peddling previous Ponzi schemes. It is a well-known fact that Christopher Terry was previously involved in Amway first, in which he was quite successful, and then Zeek Rewards. This can be confirmed by reading some excerpts provided below from an interview with him conducted by Denise A Martino in 2012.

I was actually in Amway for several years in the 1990s. I was fortunate to hit levels of success here in the United States in that company. I then went overseas as Amway opened up new markets, which gave me the opportunity to have an international business. I owe my “positive thinking” to that network marketing experience, since the leaders in Amway always recommended we read positive thinking books and listen to positive thinking tapes. At the time many considered it “brain washing.” Today it is called “Laws of Attraction.” So, l was into positive thinking and Laws of Attraction before it was a cool thing to do. That time period in my life gave me the foundation to grow both mentally and financially. I started a business outside of Amway, and then I went into the trading business.

I have seen MANY companies, products and services. When I saw the opportunity in the industry you and I are in together, I saw an industry that was young, dynamic, and that people loved. It has a place in the market because it meets people’s desires to find a bargain and/or make a deal. Also, it is VERY profitable, so I wanted to be a part of it. I got in first, and then I learned about it as I grew with it. I have not looked back. I have built an incredible team that’s growing in leaps and bounds. You are a part of that team, Denise, an amazing student and downline member.

Both Christopher and Denise conveniently do not mention Zeek Rewards directly. Even though shortly before the interview, she named three MLMs she was involved with in response to a Quora question, and Zeek Rewards was her most recent one. So it is quite evident that Zeek Rewards is the one they are talking about in the above interview.

This is the showstopper in our iMarketsLive review; Zeek Rewards was shut down by the SEC on 17th August 2012 for being an online Ponzi Scheme worth $600 million. Directly after this, Christopher Terry started iMarketsLive. Another concerning fact is that before the Zeek Rewards pyramid scheme was formed, Christopher was involved with Linda Raschke.

Somewhere in the early 90s, a book called Market Wizards by Jack Schwager was published. The book became highly popular with novice traders as the content aimed mostly at motivating people to start a career in trading. Although there have been no recent updates, rumor has it that Mr Schwager was bulldozed into believing that the successful traders he listed in his book, did, in fact, battle at the beginning of their journey.

One character named Linda Raschke, became the center of attention due to being hyped up more than most as an exceptionally wealthy and successful trader with a proven track record of making money, even though no actual proof was provided in the book. Naturally, she used this to her advantage and opened a live trading room where hundreds of people paid large sums of money to trade with her. The fact is, no one actually knows if she ever traded for a living, and the majority of people who joined her lost massive amounts of money. However, here is the interesting part; Christopher Terry was her partner in her trading room scam. It was after their demise, that Christopher started the Multi-Level Marketing (MLM) Scheme, also under the cover of being Forex related, that is now shut down Zeek Rewards!

iMarketsLive Is More for Network Marketers Than Traders

Now that this iMarketsLive review has shown you some of Christopher Terry’s not-so-appealing past, let’s get to the crux of the matter here. From what we have seen after conducting hours upon hours of research, iMarketsLive is more for marketers than traders. They have a whole other side to the company, which is Multi-Level-Marketing (MLM), otherwise known as Network Marketing. This is the company’s main objective.

This is evident via a few factors. Firstly, you cannot simply join iMarketsLive from their website; you must be referred by one of their Independent Business Owners or IBOs. The reason for this is that when you join and pay your upfront membership fee, you then fall in under the person that referred you. They will also earn commissions off your monthly membership fees. In short, you become part of that person’s team or “Downline.” This is a foundation for how pyramid schemes or Network Marketing works. The more people you add to your downline, the more you earn.

Once you join iMarketsLive and have made a little bit of profit off their tools and services, you are pressured into sales by becoming an IBO. You are required to network and sell by getting others to become members too. They even have a compensation plan on their website.

iMarketsLive Review Conclusion: Not advisable for Traders – Proceed with Caution

While we may not go as far as labeling this company a scam, what we will do is unequivocally state that we do not feel this is truly a service for forex traders. iMarketsLive is blatantly geared more towards Network Marketing, using forex-related tools and services as the products. Therefore, unless you want to earn money from marketing rather than trading, this is certainly not worth joining or the monthly membership fees required. That, coupled with the fact that the CEO Christopher Terry has been involved in shady Ponzi schemes, which have been shut down by the SEC, certainly does not lend him much credibility.

iMarketsLive Reviews

Thanks so much. I got myself with one of their IBO who said convincingly that it was not a pyramid scheme. He went on to lie that Christopher Terry helps billionaires like Warren Buffet and Richard Brason to trade.

SCOTT CARNEY HERE!
I have nothing to do with this company.
IT IS A PONZI AND CFTC IS TAKING IT DOWN!
I was the one who blew the whistle on the FXSignals and other site as illegal.
I HAVE A $100MIL CIVIL LAWSUIT VS IML. but they are suing me for 4mil for defamation – LOL!
BOTTOM LINE – I created HARMONIC PATTERNS and HARMONICS – this company knows nothing of my work. The story is not over! I will prevail!

there are many warnings against imarketslive in many countries

FSMA warning: fsma.be/en/warnings/fsma-warns-public-against-activities-international-markets-live-ltd-imarketslive

Securities Commission of Bahamas warning: scb.gov.bs/documents/Public%20Notice%20-%20Imarkets%20Live%20Draft.pdf

CNMV warning: cnmv.es/Portal/AdvertenciasListado.aspx?tipoAdv=1&inicial=I

AMF cease and desist order: lautorite.qc.ca/en/general-public/media-centre/news/fiche-dactualites/special-method-of-service-in-respect-of-maxime-robichaud-amf-intervenes-to-shut-down-network-targe-1/

AMF warning: amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee-2017?docId=workspace%3A%2F%2FSpacesStore%2Fd5589163-dec8-4d51-9ed2-626604b8cff3

Financial Superintendence of Colombia warning: m.superfinanciera.gov.co/jsp/loader.jsf?lServicio=Publicaciones&lTipo=publicaciones&lFuncion=loadContenidoPublicacion&id=10090545&reAncha=1

Global Investors Alert public warning: globalinvestoralerts.org/imarkets_live_iml.shtml

FCA UK: fca.org.uk/news/warnings/international-markets-live-limited