IM Mastery Academy is a company that offers online, self-paced courses on how to invest in the stock market. With an investment of $1,000 or less and no experience necessary, anyone can start investing in stocks today. Let’s see if IM Mastery Academy lives up to its promises by looking at their reviews from around the web:
“The im mastery academy lawsuit” is a review of the company that sold an online course promising to teach people how to use Instagram. The company has since been sued for fraud and deceptive practices.
Are you looking for a review of IM Mastery Academy? Is the IM Mastery Academy a rip-off?
Perhaps you’re familiar with iMarketsLive. It’s not unexpected, given that this organization was previously known as iMarketsLive before becoming IM Mastery Academy.
During their most recent convention, which took place in Dallas on September 14-15, 2019, their branding name was altered. They also incorporated additional features to their trading platform.
Trading is difficult labor that not everyone is capable of doing. If traders are to succeed, they must have a fascinating intellect. The IM Mastery Academy offers to give traders with tools and training to help them make more money.
I’ve spent years reviewing hundreds of comparable online programs like IM Mastery Academy because I’m passionate about assisting others in discovering the finest money-making possibilities online.
I’ve spent the last week researching the IM Mastery Academy so that I can tell you everything you need to know about it.
As a disclosure, I am not involved with IM Mastery Academy and have not been compensated to write this review. As a result, you can rest assured that my opinions are unbiased.
In this review of IM Mastery Academy, I’ll go through the following topics:
What is the Internet Marketing Mastery Academy?
The IM Mastery Academy offers users the tools and training they need to become successful Forex traders.
However, after doing some research, I realized that this firm is an MLM/pyramid scheme that is all about recruiting individuals.
Multi-level marketing and pyramid scams have very little in common.
A pyramid scheme has no product or service to give; its primary purpose is to attract new members into a downline. In contrast, multi-level marketing provides both products and services.
MLM is a genuine business, but pyramid schemes are a fraud. They are not to be confused with affiliate marketing.
Affiliate marketing has no downline and is a totally legal and profitable business concept.
Despite the fact that IM Mastery Academy provides Forex information and tools, I can’t seem to get past all of the negative evaluations.
Before enrolling in IM Mastery Academy, you should research the company’s history.
IM Mastery Academy was previously known as iMarkets Live. iMarkets Live had developed a poor image over the years, so they decided to rebrand everything to start again.
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Who is the IM Mastery Academy founder?
IM Mastery Academy was founded by Christopher Terry.
I was startled to see that there is very little information about him, including no Wikipedia entry. We know that as soon as something new is released, a wiki page will appear. However, there is nothing there concerning Christopher Terry.
Fortunately, I discovered several public domain publications that indicated Christopher worked in the construction industry. To put it another way, he was an ordinary Joe.
He came upon Forex one day and decided to make a career in it. He worked for a few years before earning enough money to quit his job and focus solely on Forex.
After a few years of working in Forex, he apparently decided to teach others what he had learned. He’s been giving talks at conferences and to small groups of traders since 2001.
He established iMarketsLive in 2013. I’ve discovered no information regarding why he formed this company, but my question is: why develop an MLM company if he’s already been imparting his knowledge since 2001? Obviously, to make more money. What is MLM? Maybe to make even more cash?
Furthermore, I recently found that he holds weekly live conferences on Sunday nights. Being involved in the business and demonstrating that he cares is a great thing for the entrepreneur to do.
In general, his history looks to be that of a regular guy who decided to establish an MLM after seeing the rewards. There is no evidence that Christopher Terry is a thief or a criminal.
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What Does IM Mastery Academy Include?
All of the tools supplied by IM Mastery Academy, as well as a few additional ones, were kept when the company changed its name to iMarketsLive.
I’ll go over the tools offered inside IM Mastery Academy in more detail.
IM Mastery Academy’s Resources
Delorean
Let’s start with Delorean. “An algorithm that places you in the right place at the right time with hundreds of market opportunities to assist you in discovering your own personal style.”
I understand that this tool assists you in learning about various tactics and selecting one that best suits your needs. It costs $21.95 as an add-on.
Steady
This tool looks for long-term swing trading ideas that you can forget about. This tool could be useful if you don’t feel like trading every day or every hour. However, as an add-on, it costs $21.95.
Vibrata
“With this program, you can identify trade ideas using numerous techniques without doing any investigation.”
It was stated. It is available as an add-on for $9.95.
Levels
In the markets, an algorithm that finds entry points, stop losses, and grab profits one level at a time. A $21.95 add-on is available.
Goldcup
“This is a set of methods that work together to find high-probability trading opportunities.” As an added feature, it costs $21.95.
Bounceback
“This tool will assist you in locating and identifying the optimal market entrance options.” As an add-on, it costs $21.95.
Pivots
“By detecting significant reversal zones on several timeframes, this system streamlines the process of discovering market opportunities.” As an add-on, it costs $21.95.
Liberty
A useful tool for finding high-speed Binary Options trade ideas. The monthly fee for the add-on is $21.95.
All of these tools are intriguing, yet some of them appear to be redundant.
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What is the Compensation Plan for the IM Master Academy?
IM Master Academy is an MLM company, as previously stated. So, how will you be rewarded for enlisting others in the scheme?
To earn money, you must first become an affiliate member of IM Master Academy.
At IM Master Academy, you can earn money by:
- Recurring commissions
- Commissions on hiring
- Bonuses that were linked to promotions and sales
Recurring commissions
These commissions are determined by the team member’s rank and the amount of people they recruit.
The Affiliate program at IM Mastery Academy has the following ranks and qualifications:
- The Platinum 150 Rank is earned by generating at least 435 GV (group volume) per month and having at least 3 subscribers in your downline.
- The Platinum 600 Rank is earned by generating at least 1740 GV every month and having at least 12 subscribers in your downline.
- The Platinum 1000 Rank is earned by generating at least 4350 GV every month and having at least 30 subscribers in your downline.
- The Platinum 2000 Rank is earned by generating at least 10,875 GV every month and having at least 75 subscribers in your downline.
- The Platinum 5000 Rank is earned by generating at least 32,625 GV every month and having at least 225 subscribers in your downline.
- The Chairman 10 Rank – Generate at least 72,500 GV every month and have at least 500 subscribers in your downline.
- The Chairman 25 Rank – Generate at least 181,250 GV every month and have at least 1250 subscribers in your downline.
- The Chairman 50 Rank – Generate at least 362,500 GV every month and have at least 2500 subscribers in your downline.
- The Chairman 100 Rank – Generate at least 725,000 GV every month and have at least 5000 subscribers in your downline.
- Chairman 250 Rank – Generate at least 2,175,000 GV each month and have at least 15,000 subscribers in your downline.
- The Chairman 500 Rank – Generate 3,350,000 GV every month and have at least 30,000 subscribers in your downline.
A eligible subscriber must purchase the company’s package and cannot be a retail client, affiliate member, or both. Only 40% of the qualifying volume can come from a single unilevel downline.
Referral Commission for a Quick Start
The compensation scheme at IM Master Academy is built on affiliate and retail sales.
You can also profit from the company’s rapid start commissions on two more levels, which are tracked and paid to you through the unilevel compensation plan.
Bonuses
You’ll get a bonus every time you’re promoted. The higher your rank and the bigger your benefits are, the more individuals you attract and the more sales you make.
You may discover more about their compensation plan in the video below:
Pricing for the IM Mastery Academy
If you’re looking for a cost-effective solution, IM Mastery Academy offers numerous options. Different courses are available.
You can also buy them all together in one package, which will save you money.
The following are the costs of the IM Mastery Academy programs:
- FRX Academy $174.95 monthly + $234.95 enrollment
- $234.95 enrollment fee + $174.95 monthly fee
- $234.95 enrollment fee + $174.95 monthly fee
- Elite School (FRX, HFX, DCX bundle) $324.94 for enrollment plus $274.95 each month
This seems like a lot of money for online courses to me. I’ve seen high-quality classes for far less on the internet. There are even free online courses available.
Why would I spend so much money to learn about FX makes no sense to me. According to my views, the platform’s costs are excessive due to the MLM component.
You must pay more to gain access to the tools and tactics, as shown below:
- $21.95 Harmonics
- $21.95 SwipeTraders
- $21.95 SwipeCoin
- $9.95 Vibrata
- $21.95 GoldCup
- $21.95 for levels
- $21.95 Pivots
- $21.95 Liberty
- $21.95 per month
- $21.95 Delorean
- $21.95 BounceBack
Each of these methods and tools is said to help you take your trading to the next level.
Nonetheless, the entire idea appears to me to be overpriced at the end of the day. As a result, I do not suggest IM Mastery Academy to anyone looking to improve their trading skills.
How Can IM Mastery Academy Help You Make Money?
IM Mastery Academy first and foremost teaches you how to trade forex. In other words, buying and selling currencies might earn you money.
Many evaluations appear to indicate that there is a great emphasis on recruiting every new client to become a sales representative within the members’ area.
The owner of IM Mastery Academy recognizes that MLM is significantly more lucrative.
As a result, the notion is straightforward. When you join, you gain access to promotional tools, links, and resources, among other things.
You may then utilize them to find new members. With each new recruit, your downline expands.
Then, once your first tier hires someone, you build a new level beneath you. You have the ability to create several levels underneath you.
When you think at it like this, it’s easy to see why this approach is termed a pyramid scheme.
IM Mastery Academy isn’t exactly a pyramid scheme because it sells items. This is a multilevel marketing firm. The authorities make no distinction between the two.
In terms of earning money with IM Mastery Academy, you will be paid a commission each time you bring on a new customer, based on the terms of your agreement with IM Mastery Academy.
You are additionally compensated for each paying customer that your recommendations bring in by following the same procedure.
As you can see, multilevel marketing has a lot of potential for profit, especially if the compensation plan is generous.
Please keep in mind, however, that only about 2% of people who join MLMs and pyramid scams make any money.
To make money at IM Mastery Academy, you’ll need a lot of marketing abilities.
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Pros of the IM Mastery Academy
1. Having a reasonable compensation package
To make money, IM Master Academy has a reasonable compensation scheme. You may earn a thousand dollars every year if you work hard enough. It is actually superior to the majority of MLM organizations.
Furthermore, you can make money by trading currency.
2. The Product Quality Is Better
IM Master Academy has improved IMarketsLive’s offerings.
The tools should be sufficient for affiliates to gain a competitive start in trading.
Cons and Complaints about IM Mastery Academy
1. Forex Is Difficult
As we all know, forex trading is a difficult way to make money online. Even if you complete training classes, this does not guarantee that you will be able to earn money.
The promise is that if you know how to do it correctly, you can make substantial money. Regrettably, success is not always assured.
2. Only a small percentage of the population is interested in forex trading.
As I have stated, forex is not for everyone. As a result, marketing to people who are not interested in Forex Trading will be difficult because you will have to appeal to them.
3. MLM Stress
Not to disparage MLMs, but being an MLM is already difficult because you must recruit and encourage your downlines to succeed in sales and recruiting in order to advance in rank and make more money.
I really dislike MLM models since they appear to be highly shady.
4. IM Mastery Academy has a lot of negative feedback online.
When I looked into IM Mastery Academy on Trustpilot, I noticed a lot of negative feedback. Before you join, please read the following:
For Whom Is IM Mastery Academy Intended?
IM Mastery Academy is a technical trading academy for people who wish to learn how to trade on the Forex Market.
The organization offers training programs and resources to assist with this in the upper portions of the site.
Because it’s an MLM that focuses on recruiting members to earn commissions, it’s also a marketing opportunity. However, only a small percentage of persons succeed in doing so.
Real User IM Mastery Academy Positive and Negative Feedback
Positive Reactions to the IM Mastery Academy
- Through live webinars, you may learn how to trade from several skilled traders.
- Residual income is distributed weekly under the compensation scheme.
- Tools and information are provided.
- Webinars and events in real time
Negative Comments on IM Mastery Academy
- The IM Mastery Academy is quite costly.
- IM Mastery Academy’s business model is multilevel marketing, which makes it a scam.
- Many tools appear to provide the same service, so keep that in mind to avoid paying twice.
- The ideal location to learn how to trade is not on the forex market.
- Negative reviews account for more than 30% of all online reviews.
- It is quite tough to become a successful trader with only IM Mastery Academy courses.
Is the Internet Marketing Mastery Academy a Scam?
As an MLM firm, we may be tempted to instantly dismiss IM Mastery Academy as a scam, yet this conclusion may not be correct. The explanation is simple: they offer real things, such as trading classes.
MLMs, on the other hand, are considered scams by authorities such as the FTC. Because their company is focused on recruiting new members and creating downlines, IM Mastery Academy is technically a scam.
You can become a trader by becoming a customer and purchasing their trading tools and courses.
If you’re interested in learning more about trading, you can join their first aim of selling courses. The nicest aspect is that you may give it a month to see whether you enjoy it and then leave if you don’t.
There isn’t a lot of information about Christopher Terry online, but he appears to be a motivated individual who wants people to succeed.
As a new trader, I recommend learning the fundamentals of trading online for free on sites like YouTube. Although this will not make you a successful trader, it will give you a better understanding of what it takes to become a true trader.
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Is the Internet Marketing Mastery Academy a Pyramid Scheme?
iMarkets Live was the previous name for IM Mastery Academy. It was all about recruiting additional individuals and teaching them how to do the same thing at the time. If you haven’t noticed, this business strategy is illegal and labeled as a scam.
As a result, iMarkets Live has evolved into IM Mastery Academy in the present day. A fresh strategy comes with the rebranding.
A variety of tools and coaching programs were designed to disguise the pyramid scheme and shift to the legal side of the business.
We can no longer call IM Mastery Academy a pyramid scheme because it sells things “in-store.”
Their business approach, on the other hand, hasn’t changed.
Even though you can purchase things on the official website, you will be asked to become a promoter and earn money by referring others to IM Mastery Academy.
Final Verdict on IM Mastery Academy
IM Mastery Academy’s main focus is on recruiting new members into their MLM scheme, which has resulted in a lot of negative feedback from previous and current users.
They do, however, provide forex trading training. To improve your trading skills, you will learn about FX trading, different methods, and how to use analysis tools.
However, because there are so many alternative ways to make money online, I do not recommend IM Mastery Academy.
Also, the company’s significant emphasis on recruiting individuals into its own MLM program makes me uneasy. I’m still thinking about those unfavorable reviews, and I’m not sure I want to be a part of IM Mastery Academy.
Rather to putting your money into dubious websites, MLMs, or pyramid schemes, I have a recommendation for you that has allowed me to earn a full-time income using a completely legal technique.
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Make Passive Income Online as an Alternative to IM Mastery Academy
Whether you don’t want to waste your time or money on IM Mastery Academy, you could question if there is a better business model that doesn’t require Facebook ads and can be done on the side.
Yes, I recommend that you begin with affiliate marketing. You won’t have to deal with customer service, which makes it much easier and less time consuming.
Affiliate marketing allows you to run your business for absolutely little money. Most importantly, you won’t have to spend any money on product development.
However, how much money can you make with affiliate marketing?
A 21-year-old student from my #1 recommended affiliate marketing training platform earned $7,395 in only one week, or more than $1000 per day…all while using free traffic strategies and affiliate marketing.
Wealthy Affiliate has been around for almost ten years and has a long list of success stories.
Here are some more inspiring success stories from Wealthy Affiliate members to give you more examples.
You may also check out Wealthy Affiliate’s 4.8/5 rating on Trustpilot.
What is the location of Wealthy Affiliate?
Wealthy Affiliate has a very straightforward pricing structure. It offers both free and premium membership options.
You can sign up for the beginner membership here to get a feel for Wealthy Affiliate (no credit card required). You can choose to be a free member for an indefinite period of time.
As a starting member, you’ll have immediate access to the community, live chat, over 500 training courses, two classrooms, networking, comments, one free website, and the keyword tool.
All of these benefits are available without cost.
So I strongly urge you to create a free account and check it out for yourself.
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