iGenius (formerly iMarketsLive) Review - Cryptocurrency & Forex MLM

Founded2012

HeadquartersTampa, Florida

Trust Score65/100

About iGenius (formerly iMarketsLive)

iGenius (formerly iMarketsLive) is a fintech company based in Tampa, Florida, focused on financial education and trading tools since 2012.

The company offers a range of products, including courses on forex, cryptocurrency, and stock trading, all designed to help individuals navigate financial markets.

Operating as a network marketing MLM, iGenius (formerly iMarketsLive) relies on subscription sales and recruitment for income, but its BBB rating is a C, and it has a 2.0/5 rating on Trustpilot, raising some red flags.

Pros and Cons

✓ Pros

Potential for recurring income
If you build a solid team, you could earn monthly commissions from active subscriptions.
Access to trading education resources
iGenius offers various tools and training for those interested in forex and crypto trading.
Binary compensation structure
The binary model can lead to quicker earnings if you manage to grow both legs of your team.
Low entry cost
Getting started with iGenius generally requires a smaller investment compared to some other MLMs.

✗ Cons

Regulatory concerns
iGenius has faced scrutiny in multiple countries for operating without proper investment licensing.
Low Trustpilot rating
With a score of 2.0/5, many users express dissatisfaction with their experiences.
Recruitment-focused model
Success largely hinges on recruiting others rather than just selling products, which can be a red flag.
C rating from BBB
A C rating suggests mixed reviews and unresolved complaints, which isn't a great sign for potential members.

Verdict: iGenius has some appealing aspects like education resources and the potential for passive income. However, the regulatory issues and low satisfaction ratings make it a risky choice. I'd recommend doing thorough research before jumping in.

Best for: This might suit someone who's already experienced in trading and recruitment. If you’re not comfortable with regulatory gray areas or aggressive sales tactics, it’s best to steer clear.

Risk Analysis

iGenius operates in the forex and crypto education space with a compensation model that leans heavily on recruitment. There are moderate risks tied to regulatory concerns and the company's C rating with the BBB.

Key Concerns

Regulatory concerns in multiple countries high
iGenius has faced scrutiny over its business practices and the legality of its investment advice without proper licensing.
Recruitment-focused model moderate
The compensation plan emphasizes recruitment and binary commissions, which can lead to a focus on bringing in new members rather than product sales.
Low Trustpilot rating moderate
With a Trustpilot score of 2.0/5, many users report dissatisfaction, indicating potential issues with service or support.

Positive Indicators

Retail commission structure
iGenius offers a retail commission of 20-30% on new subscriptions, which can provide some incentive for product sales.

Consumer Advice: If you're considering joining iGenius, be cautious about the regulatory concerns and the focus on recruitment. Make sure to research both the products and the compensation plan thoroughly before diving in.

Frequently Asked Questions About iGenius (formerly iMarketsLive)

Is iGenius (formerly iMarketsLive) a legitimate MLM company?

Yes, iGenius (formerly iMarketsLive) is a legitimate MLM company, but it comes with some risks. Founded in 2012 and based in Tampa, Florida, it has faced regulatory concerns in multiple countries regarding investment advice without proper licensing.

What products does iGenius (formerly iMarketsLive) sell?

iGenius (formerly iMarketsLive) offers trading education tools and resources focused on forex and cryptocurrency. Their subscription-based model includes access to various educational materials and trading signals.

How much can you make with iGenius (formerly iMarketsLive)?

Earnings with iGenius (formerly iMarketsLive) vary widely. Independent Business Owners can earn through a 20-30% retail commission on subscriptions, a 10% binary commission, and a 20% Fast Start Bonus on new subscriptions, but actual income can depend heavily on recruitment and personal sales.

Are there complaints about iGenius (formerly iMarketsLive)?

Yes, there are complaints about iGenius (formerly iMarketsLive). With a BBB rating of C and a Trustpilot score of 2.0 out of 5, many users voice concerns about the effectiveness of the education provided and the focus on recruitment over actual trading results.

What is the compensation plan for iGenius (formerly iMarketsLive)?

iGenius (formerly iMarketsLive) operates on a binary compensation plan. This means you earn through retail sales, monthly commissions from active subscribers, and bonuses from the lesser leg subscription volume, which can get complicated depending on your team structure.

How much does it cost to join iGenius (formerly iMarketsLive)?

To join iGenius (formerly iMarketsLive), you'll need to pay a monthly subscription fee, which currently starts at $174.95. This fee gives you access to their educational resources, but remember, you'll also need to recruit others to maximize your potential earnings.

What is the BBB rating for iGenius (formerly iMarketsLive)?

iGenius (formerly iMarketsLive) has a BBB rating of C. This indicates a mix of positive and negative customer feedback, so it's worth considering what other users have experienced before deciding to join.

Are there alternatives to iGenius (formerly iMarketsLive)?

Yes, there are several alternatives to iGenius (formerly iMarketsLive) if you’re looking for trading education. Companies like Forex.com or even platforms like Udemy offer courses without the MLM structure, which might be a better fit if you want to focus solely on learning.

Compensation Plan

Plan Type

This is a binary compensation plan. That means you build two teams (or "legs") and earn commissions based on the sales from the weaker one.

How Earnings Work

Retail Commission (20-30%): You earn this from selling subscriptions to trading education tools. The more you sell, the more you earn.
Residual Income: You get monthly commissions from active subscriptions in your team. As long as they stay subscribed, you keep earning.
Binary Commission (10%): Every week, you earn 10% of the sales from the weaker leg of your team. It encourages you to balance both teams.
Fast Start Bonus (20%): When someone you bring in subscribes, you get a 20% bonus on their initial purchase.
Check Match (5-10%): You can earn a percentage of the binary commissions from people you personally recruited.
Rank Achievement Bonus: You get a one-time bonus whenever you move up in rank.
Car Bonus: If you reach certain ranks, you can get a monthly allowance for a car.

Qualification Requirements

You need to have an active subscription to participate.
To earn binary commissions, you must have active subscribers on both legs.
You’ll need to maintain a minimum number of personally enrolled active subscribers to keep your rank.