Is IM Mastery Academy a Scam? (Forex Trading Exposed!)

Hey, Welcome to my IM Mastery Academy Review!

Forex TradingYou found out about Forex and how much money you can make with it.

And someone told you about this company called iMarketsLive, where they can teach you about trading.

Don’t be confused, IM Mastery Academy is a rebrand of iMarketsLive and it happened just recently, on September 14th, 2019.

Why the rebrand? Is IM Mastery Academy a scam? Is iMarketsLive a scam?

Firstly, I am really proud of you for taking your valuable time to do your own research before purchasing or joining any course or services.

Secondly, that’s how you find the best-proven method to avoid scams and make money online instead!

I don’t want to be that guy that tells you that trading is not for you, but sadly I have to.

Forex trading may sound like a lucrative business, but if you have no idea what you are doing, you can say goodbye to your money in just a blink of an eye.

I will show you the new features of this company and what is all about now after the rebrand and after that, I will present to you my secret, how I managed to make money online.

Let’s get into it right now!

Overview

Name: IM Mastery Academy

IM Mastery AcademyWebsite: https://im.academy

Owners: Christopher Terry & Isis De La Torre (Founders)

Price: $225 (Platinum Starter Pack) & $325 (Elite Starter Pack)

Launched: September 2019

SAP Ratings: 40/100

Best Suited For: People who have decent knowledge and experience with Forex trading and are looking to learn more about this business.

Summary: IM Mastery Academy is a multi-level marketing and financial trading software company that teaches you how to be profitable as a trader, with the help of experts that have 20+ years of experience within this field.

Recommended: Definitely Not.

==>Click Here For My #1 Recommendation<==

IM Mastery Academy Packs

 

What is IM Mastery Academy?

Everything you know about iMarketsLive applies to this new name because they are basically the same company, but with some newer features, that’s all.

The company is founded in August 2013 by the CEO and Founder, Christopher Terry, and they are located in New York City.

Their branding name was changed in Dallas during a convention, from iMarketsLive to IM Mastery Academy.

The reason for that is still unknown…

What this company basically does is, it offers you (traders) half-decent Forex trade training, techniques and financial trading software in hopes that you can one day make money with trading.

But….

Whether you can make money or not, is completely up to you, this is not a magic course that will magically help you start trading and become a millionaire.

It’s far from that, but you can definitely make money with Forex trading if you know exactly what you are doing, otherwise, you will be wasting all your money.

Or, you can just recruit more people to join the game, that way you can earn commissions from IM Mastery Academy as well.

I think those who joined IM Mastery Academy and are actually making money, are those who joined their affiliate program, and not those who are actually trading.

Even inside IM Mastery Academy you are told or encouraged to become an IBO (Independent Business Owner) by joining their affiliate program.

 

What Is IM Mastery Academy’s Product?

The services, training, and techniques IM Mastery Academy offer, Mainly focus on Forex trading and trading in general.

Here are the products they offer, I will start with the ones before the re-brand.

Note: I haven’t tried any of their products, so the small explanation I am about to give you is mostly what’s on their website. I hope that’s cool with you.

1. Harmonic Scanner (FREE included in the Platinum Starter Pack)

A tool for scanning harmonic patterns, “harmonic patterns in the forex and digital currency markets help you identify potential reversals in the market, giving you powerful insight & analysis for opportunities to earn.” A pretty useful tool, this is not included in the platinum starter pack.

2. Web Analyser ($21.95)

This tool helps you analyze the whole web for the best trade to do and not to do, the market is big, so this can come in handy for an extra $21.95.

3. Swipe Trades ($21.95)

This tool is pretty convenient, it is a mobile app where you can practice trading. “Access real-time forex trade ideas and market analysis & education sent straight to your phone.”

4. Swipe Coins ($49.95)

Another amazing tool, this one is actually pretty similar to Swipe Trades, the difference being Cryptocurrency. And it’s a tad more expensive.

“Access real-time digital currency trade ideas and market analysis & education sent straight to your phone from an educator with 11 years of experience in the digital currency markets.”

IM Mastery Academy Products


And here are the new products since they changed their name into IM Mastery Academy.

1.Delorean ($21.95)

This is “an algorithm that gets you in the right place at the right time with hundreds of market opportunities to help you find your own style.” This is an add-on that you can pay for, and this helps you find the perfect trading opportunity for you.

2. Liberty ($21.95)

If you don’t the time to spend hours and hours waiting for a high pace trade, this tool will come in handy, “this tool focuses on finding high pace trade ideas for Binary Options.”

3. Pivots ($21.95)

With this tool you don’t need to guess as much as you used to, “this algorithm takes the guess out of finding market opportunities by identifying key reversal zones on many time frames.”

4. Bounceback

($21.95)

Having trouble getting into the market? “this tool searches for and identifies the best entry points for you to get into the markets.”

5. Goldcup ($21.95)

This tool will help you find the best trade ideas in no time, “this is a combination of strategies that correlate with one another and look for high probability trade ideas.”

6. Levels ($21.95)

This could be of great use, “an algorithm that identifies entry points, stop loss and take profits one level at a time in the markets.”

7. Vibrata ($9.95)

If you are unsure about your skill finding trade ideas, “this tool provides multiple strategies that look for trade ideas for you – no analysis needed on your end, ever.”

8. Steady ($21.95)

This tool will help you get ready and steady, “this algorithm looks for a long term, swing trade ideas that you’ll be able to set and forget.”

And there you have it, the newest products from the company.

 

How To Get Started With IM Mastery Academy?

There are two ways for you to do business with IM Mastery Academy, as a customer or as an IBO (Individual Business Owner).

If you want you to be eligible for their compensation plan, you need to be an IBO. The cost of being an IBO is $15 for the entrance fee and a monthly renewal fee of $15 every single month.

And if you are a customer, you can purchase the Platinum Starter Pack for $225 and $165 every other month.

The platinum starter pack has everything inside for you get started, it’s also available for IBO.

So as you can see, this will still cost you a lot of money if you just want to play around or try it out because it sounds like a lucrative business, y’know what I mean?

Sure, there are businesses that cost 100 times more, a simple brick and mortar business will probably cost you around $50k-$150k just to get started.

But the success rate is also that much higher to compensate for the cost.

Anyway, let’s talk about how you can make money with IM Mastery Academy besides trading.

IM Mastery Academy Compensation Plan

MLMs are known to have a complicated compensation plan, even though IM Mastery Academy is a trading company it is also a network marketing company.

I have reviewed MLM companies like Essante Organics, Zilis and Bonvera, so I know how complicated a compensation plan can be.

With that said, here’s how you can make money with them by promoting the company.

There are 2 ways you can make money with IM Mastery Academy.

  1. Help them recruit more and more people into the company.
  2. By earning bonuses.

Most MLMs either want you to help them find more people and have them enroll in the program or they want you to help them sell the products or services they’re providing.

1. Residual Commissions

IM Mastery Academy uses a 3 by 8 commission matrix to payout their commissions. What that means is that they go 8 levels deep.

On level 1, you will have 3 people under you, and that level also has 3 people under them each, and this goes all the way to the 8th level.

The max position you can reach is 9890th position, and for every position, IM Mastery Academy pays an 8% commission on every position in your downline.

2. Bonuses

1. First Order Bonus

The first order bonus is a 50% commission bonus given to you whenever you recruited someone and the person decides to purchase something.

2. Platinum Bonus

You will get this kind of bonus when you enroll a platinum package, for example, if you enrolled 100 platinum packages, you will receive $3.500 (100x$35).

But if you are a Platinum600 and somebody on your level 2 has been able to enroll 100 platinum packages then you will receive $1.000 (100x$10).

And if you are a platinum1000 and somebody from your level 3 enrolled 100 platinum packages, you will receive $500 (100x$5).

platinum bonus

 

3. Chairman Infinity Bonus

This bonus is only achievable if you reached the rank of Chairman. The Chairman Infinity Bonus is one of the best bonus you can get according to them.

With his bonus, you are eligible to earn up to a 2% commission from your downline’s total group volume.

Chairman Infinity Bonus Chart

4. Rank Achievement Bonus

Rank achievement bonus is a one-time bonus given to you when you have been able to stay a certain rank for at least 3 months.

For example, if you are able to maintain a platinum2000 rank for 3 months straight, you will receive a one-time bonus payment of $500.

Rank Achievement Bonus Chart

You can take a look here on the complete compensation plan, IM Mastery Academy is using the same compensation plan for IML (iMarketsLive).

Or you can watch this quick video about their compensation plan, it’s a bit more in-depth.

 

 

Is IM Mastery Academy a Pyramid Scheme?

I don’t think IM Mastery Academy is a pyramid scheme or Ponzi scheme for NOW, and I know some people might think it is, maybe even you.

But let me show you this picture first, take a look.

MLM Pyramid Scheme?

You can see that this structure looks exactly like a pyramid scheme, but this business structure of recruiting people to work under you is also a multi-level marketing structure.

Do you see where the confusion is?

Because both, a pyramid scheme and a multi-level marketing company use the same kind of structure when it comes to making money.

However, here’s the difference.

When you join a pyramid scheme, recruiting people and promising people that they can make a lot of money by just investing and recruiting is what you would have to do.

That is the only way to make money with a pyramid scheme because that’s exactly what you’ve been told and how you got into it in the first place.

With an MLM, that’s one of the few methods of making money, a real legit MLM company will put more emphasis on you selling their product, and not encourage you to recruit more people to make more money.

With that said, there are however pyramid schemes disguised in an MLM company.

Another thing they might have in common though is that only those on the top can actually make money, those on the bottom of the pyramid will most likely lose all their money.

Bottom line, IM Mastery Academy is not on the verge of being called a pyramid scheme just yet, I feel like they still care about helping other people achieve what they promised.

But nonetheless, I would not recommend this to you or anyone, it’s better to be safe than to be sorry.

They are definitely going down the path of being an actual pyramid scheme, I think it’s just a matter of time.

What I Like About IM Mastery Academy

1. Legit Training

I think the tools they provide are legitimate, you can definitely learn a lot of skills, especially if you are new to the trading world.

2. Live Webinars

This is also something I really like about IM Mastery Academy, the live training, it comes in handy. There is some stuff you might get stuck on and a live webinar can easily help you solve or fix the problem.

3. New Products

I really like how they provide you with even more tools to help you become a better trader in general. The 6 new products they now offer after the re-brand is very convenient.

What I Don’t Like About IM Mastery Academy

1. Their Intentions Are Vague

The thing that bothers me the most about IM Mastery Academy is whether they are 100% legit or not. Some of the stuff they offer make you think they are really there to help you succeed as a trader, and on the other hand, they just want you to help recruit more people.

2. Similar Products

Now, I did say that I like how they created newer tools, but some of the tools more or less do the same thing. I feel like it should be included in the starter pack and not separately where you have to pay for them again.

 

Is IM Mastery Academy a Scam?Is IM Mastery Academy a Scam?

Not completely, I refuse to say that they are a full-blown scam. Why?

Here’s why I think the products and tools they sell are still very usable and legit to help those who are really interested in trading.

If you take away the fact that they are also an MLM company, I can definitely tell you no, they are not a scam.

But because they put so much effort into their compensation plan and encourage you to become an IBO, it makes me shiver and in doubt.

So technically that does not make them a scam.

They are a legit Forex trading company that teaches you how to trade.

If you are really interested in Forex trading and want to become successful with trading, I would advise you to try FREE training first before joining any programs or services.

Go on YouTube and learn from there or from FREE Trading E-books.

You can check this article out, it will explain to you what Forex is.

And if you are very intrigued by the idea of making money like that, but don’t necessarily know how to get started here’s a guide.

 

My Final Thoughts On IM Mastery Academy

I don’t think IM Mastery Academy is worthless, but if your goal is to find the best money-making opportunity then forget about IM Mastery Academy.

Both, being a successful trader or being successful within an MLM company is extremely hard.

The market for trading is saturated, no one wants to spend hundreds of dollars every month on trading nowadays, it will take you years to become profitable.

Sure, there are people who are succeeding, but it wasn’t easy, I just don’t think anyone should suffer for years before making any profit.

Not the kind of business life I would want to live.

You just want to make money with a legit business opportunity that’s proven and has a very high success rate, right? It makes sense.

Just so you can quit that sh*t job already and live life on your own terms or buy the stuff you always wanted and not end up broke.

Thankfully, I found that business opportunity for myself, and I have been making a full-time income online ever since.

Making $3.000+ every single month while I still have the time of my life.

It wasn’t easy, I wasn’t rich within a day or a week, it’s not a get-rich-quick scheme.

What it is, however, is a proven system that works as long as you put in the work, and it was FREE to join, so I am really grateful for it.

100% of every successful people will tell you that getting rich overnight is not a doable business plan, the fact that you are looking for that means you already lost.

Your mindset is everything if you want what the 1% of people have, you gotta do what the 1% is not, and that is putting in the work.

The online business model that made me successful is affiliate marketing and I learned my skills at Wealthy Affiliate.

In simple terms, affiliate marketing is making money by promoting someone else’s stuff, you don’t need to buy anything or deal with any customers.

Wealthy Affiliate is the community that thought me how to be a successful affiliate marketer, and they are FREE to join, so you got nothing to lose.

==> Click Here & Learn More About Wealthy Affiliate<==

Don’t forget to leave me a comment on what you think about IM Mastery Academy and which business model you already found success with, I would love to hear from you 🙂

Stay Cool & Humble

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8 Replies to “Is IM Mastery Academy a Scam? (Forex Trading Exposed!)”

  1. Thanks for writing this review of the IM Mastery Academy and whether or not it is a scam. I was seriously looking into them when I stumbled upon your IMMA review. 

    I guess I should read your beginner articles on Forex Trading because this review made me realize I know a lot less than I thought I did. Thank you again, you saved me some hard earned money and a lot of time. Appreciate it.

    1. Hey!

      No man, you’re welcome, I appreciate it. 

      And I didn’t write the article about Forex trading, I just put a link on it so you guys can read it if necessary.

      I was scammed by MLM companies before, I know how it feels to see your hard-earned money going down a bottomless pit.

      So if I could help 1 out of 100 people to stop wasting their money on something they don’t really know, I am happy. 

      I can’t help them all, however, I will try my best to help as many of you as I can.

      Thanks for sharing your thoughts, it helps keep me motivated!

  2. Oh, very good review on this platform. Your review is a little biased, just a little, but I have to say that your review is very good with all the details. 

    It seems like the price to join is somewhat high. Whatever the case, I believe that a platform should always be straightforward and this one isn’t. 

    Goodbye to my interest in becoming a trader, I did check out your recommendation Wealthy Affiliate…looking forward to it 😀

    1. Hello Henderson,

      Well, I am sorry, not sorry. Trading is legit, people are actually making money with Forex trading, but I know all too well that 99% of people who are just interested in the money won’t make it very far.

      Especially those who think they can make a couple of thousand bucks within a month or so.

      And for those who are looking to start a legit online business, affiliate marketing is definitely my #1 recommendation. 

      I have people thanking me months after joining and are actually making a profit now, hopefully you will be one of them as well, I love being admired 🙂

      Good luck on your affiliate marketing journey, I believe in you, you can do it!

  3. I always wonder if online companies change their names because they have been busted as a scam under the previous scam … well, there might be different reasons, of course. That being said, what IM Mastery Academy offers looks pretty good, but – as you said – you probably need to know what you’re doing before you invest your money in this. I think it is better to learn first before spending money on the internet, and I like your alternative way of making money online. Wealthy Affiliate is a known company, and if the sign up is free, that’s even better. So, that looks much more attractive to me than IM Mastery Academy.

    1. Hi Christine,

      Yea, that’s definitely a possibility, I didn’t share the background of Christopher Terry, but his background isn’t something you expect from a CEO of a company.

      Maybe I will update this article when I have done more thorough research on Terry himself.

      Forex Trading and Affiliate marketing are 2 different business models though, don’t get it confused. I have never tried Forex trading before, but I know friends who did, and none of them had any success.

      I know friends who do affiliate marketing, myself included, and we’ve seen great success.

      So my choice is definitely affiliate marketing over trading because the success rate is that much higher and the platform where I learned my affiliate marketing skills is just absolutely amazing.

      Wealthy Affiliate is underrated, people should give more credit to them. It’s FREE to try, so why not? 🙂

  4. First of all, I am very proud of you for taking out your time out of your busy schedule in order to write this review. 😄 You are really doing a nice job.

    You’re absolutely correct when you said Forex Trading is not for me; it’s a very risky business. Before I was never interested in it but I found out that I began to fall in love with it recently. I guess I’d have to kill my feelings for this dangerous business model. Thanks for your advice.

    1. Hi Barry,

      Well, that’s not my intention, to kill your dreams. 

      But if it helped you realize whether it’s really something for you to try or not then I have done a fine job.

      I know Forex trading can be profitable, and if you are not 100% into it, and you just want to try something with a much higher success rate or you just want something to help you create an extra stream of income, affiliate marketing is the business model you should go after. 

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