A global market where currencies of different countries are traded is known as Forex or Foreign Exchange market. This over the country market is of paramount importance as currencies is vital to most people around the world, whether they realise it or not. This is the most dynamic and liquid financial market in the world. A Forex is an ample networks system which connects various buyers and sellers of the world. Forex business is a huge financial system in which only those players with skills, diligent efforts and consistent attitude become master traders.
Many educational sites, companies and institutes are working to produce such master traders. One such Software company is International Markets Live Ltd, Imarketslive (IML) Company that is working to educate people about Forex and trading, especially about trading currencies of different countries. It was founded in 2013 as a forex trading company and offer tools and training related to forex trading. Imarketslive has trade instructors with more than 20 years of experience in forex trading, they teach their users market strategies and how to get the best deal in trading markets.
Details about the Imarketslive
Imarketslive also sold various products and also let their users promote its products. By sailing these products, Imarketslive users earn commission according to the work done by them. Customers also have to recruit others and captivate them to take Imarketslive membership. This company also claims that its users have the opportunity to earn thousands of dollars money and they will also get the best of marketing opportunities after registering in imarketslive.
But this company is not a forex broker even though it offers education trading and software for analysing the market. One can join imarketslive either as a customer or as an IBO. To become a customer in imarketslive one has to pay $195 to buy the platinum package, and $145 monthly and to become an IBO one has to pay $ 15monthly. For those who wanted market and business opportunities and huge profit then he has to take a platinum package.
Imarketslive Products to Buy
Imarketslive sells many forex trading related products which help its users to get utmost business opportunities. One such product is FX Signals which helps to buy signals in trading businesses. Harmonic Scanner helps to identified patterns in Forex Company. There is also a platform where there are lots of video games, articles by various famous traders and webinars to make one more aware of trading and about exchanges in forex trading.
Imarketslive Scam in 2020
Imarketslive is one of the highly multi-level marketing company that many times remain in news and has been a centre of controversies for its unprofessional policies and not fulfilling promising terms of the company. Many registered members of the company, complaint of the fraud and deceit behaviour by the imarketslive representatives.
The complaint that after taking their money for hiring training teachers and for getting good trading opportunities, they are asked to join a telegram group and even after many days of joining, no instructor contacted them to give training on marketing strategies and only asked them to recruit more and people for joining their company.
The imarketslive scam has made customers restless as they didn’t get any reply of their emails, phone calls, and not even they refund the amount when people asked for getting their money back. Imarketslive scam forex also results in the looting of customer’s money and making them fool by asking them to switch to more costly package.
Imarketslive Forex Scam and Warning
Imarketslive forex scam also takes place in the form of false captivation of its various products and charge extra amount for example they sell a product called IML Web Analyser for $22.95 for learning signals for trades, Swipe coin for $49.95 and many more. Many customers lost a huge amount of money and no one from the company takes responsibility for the concern of the customers. Imarketslive scam warning was issued by the Financial Services and Markets Authority (FSMA) to make public aware and to save them from frauds done by such financial companies.
Many countries have banned this company and even Belgium declared imarketslive as unauthorised to offer tools and training related to forex. Moreover, this company is a product of the International Markets Live that exhibits characteristics of a fraud called a pyramid scheme. In which company just focus on recruiting more and more employees and people get attracted towards the business opportunities provided by the IMR and this results in the formation of a pyramid in which the person who is at the top will get the most profit. This whole process is called a pyramid scheme, which is a new form of fraud in 2020.
Imarketslive Reviews 2020
Back in 2011 when it was launched it gained a lot of popularity, as for the first time an online financial company was sharing their recipes of success in forex trading markets and even educating them and sell products that will help to get a lot of business opportunities. A huge number of people started joining this company and even start making efforts to increase followers of the company. But soon the company faces lots of criticisms and was blamed for frauds and scams. This results in the blot on the name of the company.
In 2020, imarketslive scam took the form of a pyramid scheme and people blamed it for looting their money and for not fulfilling their promises. But recently, the company apologises its users for the inconvenience and even promise to return all their money.
They blamed bitcoins for this fraud and promised its users that they will honestly fulfil all its customer’s requirements. They also cleared that there was no such pyramid scheme type of fraud in the company but people just get confused with wrong marketing ideas because compensation plans, in the end, looks like a pyramid.
They just have to focus on making their pyramid structure that will be most beneficial for them. Along with criticism, imarketslive forex reviews get better with time and the company is working again to gain trusts of its customers.