Is iMarketsLive a Scam?

The following link was submitted by fellow blogger The BU household felt compelled to share – in the public interest – with the BU family given the high interest shown by Barbadians in the iMarketslive product. The blogmaster aligns with the view that venturing into the complex forex world requires a level of expertise.

– David, blogmaster

WARNING: This is a lengthy article, but if you care about your money, you should read it. iMarketsLive recently held events in Barbados and Trinidad. From what I understand the Barbados event had a huge attendance (several hundred, possibly thousands from what I remember hearing).

This piqued my interest in iMarketsLive itself. Was this a potential scam in the making? In this post I will refrain from answering that with a simple ‘yes’ or ‘no.’ Rather, the objective of this post is to help you to arrive at your own definitive answer, or at the very least, to provide you with another opinion to help decide for/against the opinions that you already have.

Please refer to the References section at the end of this article for direct links to various sources cited. The referencing system used is the Harvard system (Author Surname, Year of publication). If you see “n.d.” it means that I could not find a publication date.

First things first, who/what is iMarketsLive? According to their website (iMarketsLive, n.d.-a):

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