Think about your other experiences in life. If you are interested in seeing how much money you can make through recruitment, hereвЂ™s an old compensation structure to give you an idea.Д«y the way, did you know, before anyone signs up, you have to enter who referred you? It is not a coincidence. As of April 2019, it costs $16.71 a month. But first, you have to sign up as an IBO yourself. How does it work exactly? You make money through recruiting more people, typically from showing how rich you have become by posting on social media. After you signed up, you learn that being an independent business owner (IBO) is the true way to make money here. Before you signed up, you may have had the idea that you can make money through trading in your pajamas. Step 2: Once you have reached out to an IML person and signed up, they do a bait and switch. I have a section below to explain it in detail. The latter is absolutely true, but the former is not. The most common response strategy is to divert the question from вЂњ IML is not a scam'вЂњ to вЂњforeign exchange is not a scamвЂќ. I donвЂ™t know if вЂњscamвЂќ is the right word to accurately describe IML, but it is no doubt a pyramid scheme.

Why do they do that? Because it sure feels like one. Why IML is not a scam: A lot of posts are about defending why IML is not a scam. But they help build a persona of social good. None of them have any direct correlation to making money through trading. A few typical ones are on вЂwork hard, be gratefulвЂ™, вЂshowing respectвЂ™, or вЂњbeing a great leaderвЂќ. Inspirational Speech: The second type of posts is about some kind of life lesson or a generic inspirational speech. At this point, you are not thinking about how awesome these people are, instead you are thinking about how awesome it would be if you were in their shoes. You may see a screenshot of their profit from that day, or you may see a nice car, a nice pool, or a nice apartment in the background. Money Flash: Most of the posts you see are how IML traders are getting rich through trading. You typically see three types of posts: money flash, inspirational speeches, and why IML is not a scam. Step 1: Social media is their customer acquisition strategy. Social media posts that exploit your FOMO They do so through the following two simple, effective steps. IML is a modern day pyramid scheme that gets your attention through FOMO (fear of missing out). When it is too good to be true, 100% of the time, it is.

All of a sudden, we became interested, because they are telling us we can be filthy rich by quitting our day jobs, and trade in our pajamas, pretty much a typical dream for most millennials. Instead it showed someone making a lot of money in a nice car. That post/picture/video did not advertise the product. Think back about the first interaction you had with anything IML related. They did so by taking advantage of our greedy human nature via social media. It sounds fantastic and sophisticated, right? Usually, the combination of words like вЂњforeign exchangeвЂќ, вЂњharmonic scannerвЂќ, вЂњcurrency tradingвЂќ would intimate us.

On paper, IML is an online education platform that provides education products in the space of foreign exchange, with four pillars: tv, academy, harmonic scanner and web analyzer. Today I am going to give you my two cents on why it is a pyramid scheme, and why you should stay away, especially if your motivation is to make easy money through currency trading. Now you are wondering, is IML a foreign exchange platform, an education platform, a pyramid scheme, a recruiting firm, or your best chance to get rich? The chances are, all of them have come across your mind, but out of human nature, you make yourself buy into the belief - this is your chance to get rich quick with minimal effort. You probably have googled a little on your own, or even listened to a spiel from someone at IML. To their credit, they are able to capture your attention quickly, because they make you think you can make easy money fast. It may have been in your feed by now.ДЄt first glance, the nature of IML is murky at best. Since then, I kept on seeing more and more posts about IML in my feed across all social media platforms. Two years ago, I first heard about a company called iMarketsLive (IML), through social media posts from someone I know.

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