If you’ve been exploring trading options, you may have come across IM Mastery Academy. You may also be familiar with their previous name, iMarketsLive, which they changed during their last convention in Dallas on September 14-15th, 2019.
The company claims to provide traders with the necessary tools and training to increase their profits. However, there’s a catch – IM Mastery Academy is an MLM scheme.
As someone who has reviewed countless programs, software, and MLMs as an internet entrepreneur, I’m in a unique position to provide you with an unbiased review of IM Mastery Academy. Let me be clear that I’m not affiliated with the company in any way, so you can trust that my words are objective.
In this review, I’ll dive into the features of IM Mastery Academy and give you an honest assessment of whether it’s worth your time and money.
Key Takeaways: IM Mastery Academy
- Name: IM Mastery Academy
- Owners: Christopher Terry
- Overall Ranking: ⅕
- Pros: Webinars and live events; decent compensation plan; tools and resources
- Cons: Expensive; MLM scheme; forex trading is risky
- Verdict: An MLM scheme that only benefits the owner.
In this IM Mastery Academy review, I’m going to cover the following in this review:
Table of Contents
- What is IM Mastery Academy?
- Who is the Creator of IM Mastery Academy?
- How does IM Mastery Academy help you make money?
- Is IM Mastery Academy a pyramid scheme?
- IM Mastery Academy Tools
- IM Master Academy Compensation Plan
- How much does IM Mastery Academy cost?
- Who is IM Mastery Academy for?
- IM Mastery Academy Customer Reviews
- Praise for IM Mastery Academy
- Criticism of IM Mastery Academy
- Is IM Mastery Academy a scam or legit?
- Should you join IM Mastery Academy?
- Is there a better way to make money online?
What is IM Mastery Academy?
IM Mastery Academy claims to offer training and tools to help you become a successful Forex trader. However, when I started to dig deeper, I found out that it’s actually an MLM/pyramid scheme company that focuses heavily on recruiting new members.
Now, let’s get one thing straight: pyramid schemes and multi-level marketing are not the same thing. Pyramid schemes don’t have any real products or services to offer, and they’re all about recruiting new members into a downline. On the other hand, multi-level marketing companies offer both products and services.
MLM is a legitimate business, while pyramid schemes are scams. For more information on the difference, check out my article “Multi-Level Marketing Businesses vs. Pyramid Schemes“.
While IM Mastery Academy does provide Forex education and tools, I couldn’t help but notice all the negative reviews about the company.
It’s worth noting that the program used to be called iMarkets Live, and it’s gained a bad reputation over the years. They decided to rebrand everything to get a “clean slate.” So, it’s definitely a good idea to look into the company’s background before joining IM Mastery Academy.
Who is the Creator of IM Mastery Academy?
Christopher Terry is the founder of IM Mastery Academy.
He used to work in construction before he discovered Forex and pursued a career in it. After a few years of hard work, he was able to quit his day job and focus on Forex trading full-time. He then started sharing his knowledge and experience with others by speaking at conferences and for small groups interested in trading.
In 2013, he founded iMarketsLive, but I couldn’t find any information on why he started this MLM company. But hey, I’m guessing he saw the potential for earning more money by teaching others through an MLM structure.
What’s cool is that Christopher Terry still actively participates in the company by holding live conferences on Sunday nights each week. It shows that he really cares about his company and the people in it.
Overall, Christopher Terry’s background is that of a regular person who saw an opportunity and went for it. And there’s no indication that he’s a criminal or a crook.
How does IM Mastery Academy help you make money?
IM Mastery Academy is a platform that teaches you how to trade forex, which means you can make money by buying and selling currencies. But that’s not all, as a member of IM Mastery Academy, you also have the opportunity to earn money through multilevel marketing (MLM).
Some reviews suggest that there’s a strong emphasis on recruiting every new customer to become a sales representative. That’s because the owner of IM Mastery Academy understands that there is much more money in MLM. Here’s how it works:
As a member, you have access to promotional tools, links, resources, etc. that you can use to recruit new members. With each new recruit, your downline grows, and you create a new level below you. You can even create multiple levels below you.
While this model may seem like a pyramid scheme, it’s technically a multilevel marketing company since IM Mastery Academy offers products. Authorities do not differentiate between the two.
So, how can you make money with IM Mastery Academy? You will receive a commission each time you recruit a new customer based on the agreement between you and IM Mastery Academy. Additionally, you’ll get paid for each paying customer your referrals bring in as they follow the same path.
It’s important to note that MLM offers a huge earning potential, but it requires a lot of marketing skills for you to earn money. However, keep in mind that only about 2% of people who join various MLMs and pyramid schemes make any money.
Is IM Mastery Academy a pyramid scheme?
IM Mastery Academy has a controversial history, and its previous incarnation, iMarkets Live, was known for its pyramid scheme-like business practices.
However, IM Mastery Academy has undergone a rebranding and claims to have moved away from its shady past. But is that really the case?
The truth is that IM Mastery Academy still operates on a similar business model to iMarkets Live. They focus on recruiting new members and teaching them how to recruit others to join the program. This is a classic pyramid scheme tactic that’s illegal and often referred to as a scam.
But, IM Mastery Academy has introduced new products and coaching programs to mask their pyramid scheme-like business practices. These products are available to purchase on their official website, which makes it harder to classify them as a pyramid scheme.
However, if you join IM Mastery Academy, you’ll still be encouraged to become a promoter and earn money by recruiting others to the program. This is where things get tricky. While they do have products for sale, the primary focus of the program is still on recruiting new members.
So, is IM Mastery Academy a pyramid scheme? Technically, no, because they offer products for sale. But their business model and focus on recruitment are still similar to pyramid schemes.
In conclusion, while IM Mastery Academy has tried to distance itself from its past, it’s still operating in a gray area. It’s up to you to decide whether you want to be involved with a company that has a questionable business model.
IM Mastery Academy Tools
With only a name change, all the tools provided by IM Mastery Academy remained, along with a few new ones.
Here is a detailed look at the tools that are available inside IM Mastery Academy:
According to the company, this is “an algorithm that puts you in the right place at the right time with hundreds of market opportunities to help you find your own style.”
In other words, this tool allows you to discover different strategies and choose one that works for you. It costs $21.95.
Using this tool, you can find long-term, swing trade ideas that you can set and forget. It may be useful for those who do not wish to trade every day or every hour. It costs $21.95.
According to IM Mastery Academy, this tool provides multiple strategies that find trade ideas – no analysis necessary on your part.
A trading algorithm that identifies entry points, stop losses, and take profits one level at a time. This add-on costs $21.95.
”This is a combination of strategies that correlate with one another and look for high probability trade ideas.” It costs $21.95.
”This tool will help you find and identify the best entry points into the market.” It costs $21.95.
”This algorithm simplifies the process of finding market opportunities by identifying key reversal zones on multiple timeframes.” It costs $21.95.
This tool is useful for finding high-speed Binary Options trade ideas. It costs $21.95 per month.
IM Master Academy Compensation Plan
To make money with IM Master Academy, you must become an affiliate member.
You can make money at IM Master Academy by:
- Residual commissions
- Recruitment commissions
- Bonuses correlated with promotion and sales
Here is an in-depth look at the compensation:
The commissions are based on the rank of the team member and the number of recruits they bring on board.
IM Mastery Academy’s Affiliate program has the following ranks and qualifications:
- The Platinum 150 Rank – Generate at least 435 GV (group volume) monthly and maintain a downline team of at least 3 subscribers.
- The Platinum 600 Rank – Generate at least 1740 GV monthly and maintain a downline team of at least 12 subscribers.
- The Platinum 1000 Rank – Generate at least 4350 GV monthly and maintain a downline team of at least 30 subscribers.
- The Platinum 2000 Rank – Generate at least 10,875 GV monthly and maintain a downline team of at least 75 subscribers.
- The Platinum 5000 Rank – Generate at least 32,625 GV monthly and maintain a downline team of at least 225 subscribers.
- The Chairman 10 Rank – Generate at least 72,500 GV monthly and maintain a downline team of at least 500 subscribers.
- The Chairman 25 Rank – Generate at least 181,250 GV monthly and maintain a downline team of at least 1250 subscribers.
- The Chairman 50 Rank – Generate at least 362,500 GV monthly and maintain a downline team of at least 2500 subscribers.
- The Chairman 100 Rank – Generate at least 725,000 GV monthly and maintain a downline team of at least 5000 subscribers.
- Chairman 250 Rank – Generate at least 2,175,000 GV monthly and maintain a downline team of at least 15,000 subscribers.
- The Chairman 500 Rank – Generate 3,350,000 GV monthly and maintain a downline team of at least 30,000 subscribers.
To qualify, a subscriber must purchase the company’s package and cannot be a retail customer or affiliate member. In one unilevel downline, 40% of the qualifying volume can be accumulated.
Fast Start Referral Commission
In IM Master Academy’s compensation plan, affiliate sales and retail sales are the foundation.
The company’s fast start commissions offer you the opportunity to earn money on two more levels, which are tracked and paid to you.
Every time you get promoted, you’ll receive a bonus. The more sales you make and the more people you recruit, the higher your rank and the higher your bonus.
How much does IM Mastery Academy cost?
If you’re looking for a pricing package, IM Mastery Academy offers several options. A variety of courses are available.
There is also an option to purchase all courses in one package, which lowers the price significantly.
Here are the prices of the IM Mastery Academy programs:
- FRX Academy $234.95 enrollment + $174.95 monthly
- HFX Academy $234.95 enrollment + $174.95 monthly
- DCX Academy $234.95 enrollment + $174.95 monthly
- Elite Academy (FRX, HFX, DCX bundle) $324.94 enrollment + $274.95 monthly
For online courses, I think this is a lot of money. There are similar high quality online courses for much less money and some are even free.
It makes no sense to me why I should pay so much money to learn about foreign exchange. From my observations, the prices are high because of the MLM aspect of the platform.
Access to the tools and strategies will cost you more as follows:
- Harmonics $21.95
- SwipeTraders $21.95
- SwipeCoin $21.95
- Vibrata $9.95
- GoldCup $21.95
- Levels $21.95
- Pivots $21.95
- Liberty $21.95
- Steady $21.95
- Delorean $21.95
- BounceBack $21.95
It’s claimed that you can use each of these strategies and tools to take your trading to the next level.
Nevertheless, the whole scheme seems overpriced to me at the end of the day. So I don’t recommend IM Mastery Academy to anyone who wants to improve trading performance.
Who is IM Mastery Academy for?
If you’re interested in learning how to trade on the Forex Market, then IM Mastery Academy might be the perfect fit for you. This technical trading academy offers a variety of training programs and tools to help you learn the ins and outs of trading.
But IM Mastery Academy isn’t just for traders. If you’re a marketer looking for a new opportunity, you might also find what you’re looking for here. IM Mastery Academy is an MLM that allows members to earn commissions by recruiting others to the program.
However, it’s important to note that success in this area is rare and requires a lot of hard work.
This video explains why some students leave IM Mastery Academy:
IM Mastery Academy Customer Reviews
When I search on Trustpilot, I found so many bad reviews about IM Mastery Academy. You should read these comments before joining the program.
For example, this customer Frederick is calling it a pyramid scheme that doesn’t teach you anything about trading.
This customer Carla said the program is a money trap that only encourages you to recruit members.
Here’s another customer calling it a scam.
This customer Shane said her wife lost $1000 to IM Academy.
Praise for IM Mastery Academy
1. Decent Compensation Plan
One of the big draws of IM Mastery Academy is its compensation plan. If you work hard and play your cards right, you could earn up to $1,000 a year. Not too shabby, right? What’s more, compared to other MLM companies, IM Mastery Academy’s compensation plan is actually pretty good. And if that’s not enough for you, there’s also the potential to earn income through forex trading.
2. Earn Income Through Forex Trading
Speaking of forex trading, that’s another way to earn income through IM Mastery Academy. The company offers a range of tools and resources to help you get started in the world of trading. So even if you’re new to the game, you’ll have access to everything you need to start making money.
3. Improved Products
Another benefit of IM Mastery Academy is that it’s constantly improving its products. In fact, its parent company, IMarketsLive, has recently been rebranded as IM Mastery Academy to better reflect its focus on education and training. As an affiliate, you’ll have access to comprehensive tools and resources to help you succeed in trading. And with the company’s ongoing commitment to innovation, you can rest assured that you’ll always have the latest and greatest at your fingertips.
Criticism of IM Mastery Academy
1. Forex Trading is Not a Guaranteed Way to Make Money
Let’s be real, Forex trading is not an easy or guaranteed way to earn money online. Even if you complete training courses, it doesn’t mean you’ll make money. The promise is that you can earn lucrative profits if you do it right, but unfortunately, success is not always guaranteed. There’s a lot of risk involved, and it’s important to keep that in mind.
2. IM Mastery Academy is an MLM
IM Mastery Academy is an MLM, which means you’ll be required to recruit and encourage your downlines to do well in sales and recruiting to increase your rank and earn more money. While MLMs are not inherently bad, they do have a reputation for being scammy.
3. Expensive Upsells
One thing you should know about IM Mastery Academy is that they have a lot of upsells. If you’re not careful, you might end up spending a lot of money just to become an affiliate member and sell their products. The cost can add up quickly, and before you know it, you could be out thousands of dollars.
4. Lots of Negative Reviews
When I searched for IM Mastery Academy on Trustpilot, I found a lot of negative reviews. Some people are calling it a scam, and others have had a bad experience with the company. It’s always a good idea to read reviews before joining any program or service, especially if it requires a significant investment of time and money.
Is IM Mastery Academy a scam or legit?
When it comes to MLM companies, it’s natural to wonder if they’re all scams, but that’s not necessarily the case with IM Mastery Academy. One reason is that they offer legitimate products in the form of trade courses.
Although some people may still view MLMs negatively, it’s worth noting that authorities like the FTC don’t consider them outright scams. This means that IM Mastery Academy is technically a legitimate business, albeit one that focuses heavily on recruiting new members and building downlines.
If you’re interested in becoming a trader, you can sign up as a client and purchase their trading tools and courses. The company’s main goal is to sell these courses, so if you’re serious about learning more about trading, this could be a good option to consider. Plus, you can test the waters for a month and then decide whether to stay or not.
Christopher Terry, the founder of IM Mastery Academy, doesn’t have a ton of information available online, but he appears to be genuinely invested in helping his members succeed.
As a beginner trader, it’s always a good idea to start with the basics of online trading, which you can learn for free on websites like YouTube. While this won’t make you an expert trader, it can help you better understand the world of trading, and then you can decide if purchasing a course from IM Mastery Academy is the right move for you.
Should you join IM Mastery Academy?
If you’ve been looking into IM Mastery Academy, you’ve probably come across a lot of mixed reviews. Some people swear by it, while others have had negative experiences. So, what’s the deal?
Let’s start with the positives. IM Mastery Academy does offer training on forex trading. You’ll learn about different strategies, get to use analysis tools, and improve your skills. If you’re interested in trading, this could be a valuable resource.
However, I personally do not recommend joining IM Mastery Academy. The company has a heavy focus on recruiting members into their MLM program. This has led to a lot of negative reviews from past and present users. I don’t feel comfortable being a part of a company that puts so much emphasis on recruiting rather than actually teaching and training.
Additionally, there are many other ways to earn money online that don’t involve MLMs or pyramid schemes. You don’t need to risk your money on a potentially scammy program. In fact, I have a recommendation for you that has allowed me to make a full-time income using a 100% legitimate method.
Let me tell you about the all-in-one platform I use in the next section.
Is there a better way to make money online?
If you don’t want to waste your time or risk your hard-earned money on IM Mastery Academy, you might wonder if there is a better business model that doesn’t need Facebook ads and can do it as a side hustle.
Yes, I would suggest you get started with affiliate marketing. It is far easier and less time-consuming as you don’t even need to handle customer service.
In affiliate marketing, you can run your business almost with zero cost. Most importantly, you don’t need to invest in creating and developing any products.
But How Much Can You Earn in Affiliate Marketing?
A 21-year-old student from my #1 recommended training platform of affiliate marketing was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods and affiliate marketing.
Wealthy Affiliate has existed for more than 10 years and there are many success stories over the years.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
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