IM Mastery Academy Review (2024) – Is It a Forex Scam Or Legit MLM?

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IM Mastery Academy Review

Welcome to my IM Mastery Academy review.

Christopher Terry, the owner of the IMMA program, claims to show you how to build a better life through his platform.

If you are keen to know:

  • Is IM Mastery Academy legit
  • Who is Christopher Terry
  • What’s inside the platform
  • The real cost to start
  • Whether students say
  • Can you get a refund
  • And more!

You’ve come to the best website!

I’ve dedicated a few days to analyzing the IM website, taking notes, uncovering all sorts of hidden info, and thoroughly going over the program so that I can provide you with the most helpful IM Mastery Academy review.

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I Want To Know…

About the Reviewer

Hey, I’m Ivan Brozincevic!

Since 2018, I’ve been making a full-time income online, which allowed me to quit my old job (about me).

Initially, I struggled to identify legit courses and avoid ones that were just out for my money.

That’s why I created this website – my main goal is to help you steer clear of pitfalls and discover the top online business courses.

Every week, I invest hours reviewing online courses and writing reviews based on my fact-driven review guidelines to assist you in making an informed choice.

Related: Check out my FREE training program for making money online.

Is IM Mastery Academy A Scam?

Right off the bat, I have to say that IM Mastery Academy is not a scam; it is a legitimate platform where you can learn about forex and participate in an MLM scheme to earn money by promoting the platform to others.

However, I personally do not like MLM schemes and prefer to avoid them. There are better methods available to earn money online!

Furthermore, I highly recommend checking out the rest of my IM Mastery Academy review to hear different perspectives and opinions on the platform.

What Is IM Mastery Academy?

IM Mastery Academy, according to its official website, aims to empower individuals to build better lives. Upon closer examination, the platform revolves around Forex or the Foreign Exchange Market.

More specifically, IM Mastery Academy is a company that offers tools and services to help individuals succeed in Forex trading.

However, it’s important to say that IM Mastery Academy is primarily focused on recruiting new members into their MLM scheme, which has resulted in numerous negative reviews from both past and current users.

Essentially, individuals can earn commissions by selling high-ticket products to others, similar to MLM companies like Herbalife and Amway.

And this is not perceived well among users. Further research reveals a multitude of user reviews and complaints alleging that IM Mastery Academy is involved in MLM/pyramid scheme practices.

Before moving on, it is important to understand the difference between these two models. A pyramid scheme solely focuses on recruiting new members without offering any products or services.

On the other hand, multi-level marketing (MLM) follows a similar structure but also provides tangible products and services.

That being said, IM Mastery Academy has been analyzed and falls under the MLM category.

You need to pay large sums of money to gain access to training tools and rights to promote the same opportunity to others in return for a part of their sales.

It reminds me of Entre Institute, another scheme that utilizes similar tactics to grow and generate revenue. There is also Four Percent Gourp as well which does the same things under the disguise of an affiliate marketing platform.

There is a positive aspect, though. You can utilize the platform to learn about forex and even begin trading using their tools and courses.

However, the presence of numerous negative reviews that I will share by the end of this IM Mastery Academy review lingers despite their offer of forex education and tools.

To dive deeper into the scheme, let’s start with the owner.

Who Created IM Mastery Academy?

When considering any make-money-online opportunity, the first thing I look for is the ownership of the company. If no names are provided, it is likely a scam.

On the other hand, if there are individuals associated with it, their past can often reveal the true nature of the current operation.

For instance, IM Mastery Academy was founded by Christopher Terry, who, according to public resources, previously worked as a construction worker.

IM Mastery Academy Review - Christopher Terry

He started off as an average Joe.

However, one day, he stumbled upon Forex and made the bold decision to embark on a new career. Like most people, it took him a few years to earn enough money to quit his job and fully dedicate himself to Forex.

Up until this point, his story appears to be authentic. However, this raises the question: is IM Mastery Academy a scam?

Let’s continue investigating to uncover more information.

So Is Christopher Terry Legit?

Christopher, a profitable and successful Forex trader, decided to share his skills with the world. In 2001, he started teaching small groups of people how to trade Forex, instead of trading their time for money.

Later, in 2013, he founded a company called iMarketsLive. However, my research suggests that iMarketsLive was, and still is, an MLM company. In other words, the primary concept behind it was to recruit new members and train them to promote the same opportunity to others.

Fast forward to the present moment, iMarketsLive has undergone a rebranding and is now known as IM Mastery Academy. It appears that iMarketsLive garnered a negative reputation over the years, leading to this complete overhaul to start afresh.

But what sets IM Mastery Academy apart? Does it differ from its predecessor, iMarketsLive, in terms of being an MLM? Let’s find out in the next sections of my review.

Before you proceed, I recommend watching this video about IM:

Overall, there are several signs indicating that this company and its owner may not be legitimate. The article presents compelling evidence suggesting that Chris Terry is running a scam.

However, it is important to note that Terry’s background appears to be legitimate, as he recognized the advantages of starting a Multi-Level Marketing (MLM) business and pursued that path. Nonetheless, I do not endorse his scheme.

Before concluding my review of IM Mastery Academy and the story of Chris Terry, allow me to provide an overview of what you can expect if you decide to give it a try.

What Products Does IM Mastery Academy Offer?

IM Mastery Academy offers two sets of products on their official website.

The first set focuses on education, while the second set consists of tools. Both sets aim to help forex traders, whether they are beginners or experienced, in enhancing their skills and income.

Considering the presence of actual products, the recruitment of marketers for promotion, and the compensation plan following a downline structure, it is clear that IM Mastery Academy operates as a full-fledged MLM.

Here’s an overview of the available products offered by this company.

IM Mastey Academy Programs

Below are educational products that teach forex trading:

  • FRX Academy: Learn how to understand currency movements, different types of chart analysis, how foreign markets operate, and the best strategies to enter trades in the forex market.
  • HFX Academy: Master the fast-paced, high-frequency markets comprising of different currencies, indices, bonds, metals, and stocks.
  • DCX Academy: Take advantage of the digital currencies market. Learn how this market operates, different types of digital currencies, and gain a solid working knowledge of using digital currencies.
  • Elite Academy: Gain access to the FRX, DCX, and HFX academy at the lowest possible rate.

IM Mastery Trading Tools & Strategies

Below, you’ll find tools and strategies designed to assist in developing and upgrading your trading skills.

  • Harmonics: Exclusive education for harmonic patterns in the forex markets. It helps you identify potential market reversals, providing powerful insights and analysis for earning opportunities.
  • SwipeTraders: Access real-time forex trade ideas and market analysis sent straight to your phone.
  • SwipeCoin: Access real-time trade ideas, market analysis, and simplified education from a digital currency market educator with over 11 years of experience, sent straight to your phone.
  • Vibrata: Exclusive education providing multiple strategies to look for trade ideas. No analysis needed on your end.
  • GoldCup: A combination of strategies that correlate with one another and look for high-probability trade ideas.
  • Levels: A proven strategy that identifies entry points, stop-loss, and take-profits one level at a time in the markets.
  • Pivots: A simple yet powerful strategy that identifies key reversal zones in many time frames, eliminating the guesswork in finding market opportunities.
  • Liberty: A proprietary strategy that focuses on finding high-paced trade ideas for Binary Options.
  • Steady: An exclusive strategy that looks for long-term swing trade ideas, allowing you to set and forget.
  • Delorean: A proprietary strategy that gets you in the right place at the right time, offering hundreds of market opportunities to help you find your own style.
  • BounceBack: A unique strategy that searches for and identifies the best entry points for you to enter the markets.

How Much Does IM Mastery Academy Cost?

IM Mastery Academy offers different price packages. You have the option to purchase individual courses or a bundled package, which significantly reduces the price.

Price of 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

These are the prices of training courses and educational programs available.

In my opinion, the cost of online courses seems quite steep. Personally, I enjoy Forex and have come across high-quality online courses that are much more affordable. Additionally, there are also free courses available that offer excellent quality.

I fail to see the justification for paying such exorbitant prices to learn about forex. It appears that the prices are inflated due to the MLM aspect of the platform.

Price of Trading Tools & Strategies

To gain access to tools and strategies, additional payment is required.

  • 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

I can personally see some value in these features, as each of these tools and strategies is designed to help you take your trading to the next level.

However, at the end of the day, the entire scheme seems overpriced to me!

Does IM Mastery Academy Offer a Refund?

IM Mastery Academy offers a 7-day satisfaction guarantee. This means that if you’re not happy with our courses, you can request a full refund.

However, it’s important to note that this guarantee is only applicable within the first 7 days of starting the course. To ensure a refund, their team will review and approve all requests. Additionally, it is required to destroy any materials related to the course if a refund is issued.

Please be aware that after the initial 7-day window, refunds will not be available.

Who Is IM Mastery Academy For?

IM Mastery Academy is designed for individuals interested in learning how to trade on the Forex Market. The company provides a range of training programs and tools to support this goal.

However, as you’ll discover in the next section of my review, there is a strong emphasis on MLM and recruiting, making it an opportunity for marketers too.

Can You Make Money With IM Mastery Academy?

IM Mastery Academy’s main objective is to educate individuals on Forex trading. Essentially, it involves making profitable transactions by buying and selling currencies based on their market values.

However, numerous reviews highlight a predominant emphasis in the members’ area on recruiting new customers to become sales representatives.

In other words, there is a greater potential for earnings in multi-level marketing (MLM), as acknowledged by the owner of IM Mastery Academy.

To break it down, as a member, you gain access to a range of promotional tools, resources, and links. Utilizing these materials, you can actively recruit new members, and each recruited member becomes a part of your downline.

Additionally, whenever your first-tier recruits new members, it creates an additional level below you, which can extend to multiple levels.

IM Mastery Academy Multi Level Marketing

When you imagine it, you can understand why this model is called a pyramid scheme. However, since IM Mastery Academy offers products, it technically falls under the category of MLM rather than a pyramid scheme.

Although authorities often treat them as the same thing. You can check out this post from the FTC’s blog, which discusses multi-level marketing businesses and pyramid schemes.

Now, let’s talk about how you can earn money with IM Mastery Academy. Every time you recruit a new customer, you receive a commission based on your agreement with IM Mastery Academy.

Additionally, as your referrals also bring in paying customers, you get compensated for each one.

As you can see, there is tremendous earning potential with MLM, especially if the compensation plan is generous. However, it’s important to note that only around 2% of people who join MLMs or pyramid schemes actually make money.

In other words, making money with schemes like IM Mastery Academy requires significant marketing skills.

How Do You Get Paid From IM Mastery Academy?

The compensation plan at IM Mastery Academy is structured as a uni-level compensation plan. Under this structure, all your referrals will be placed on your 1st level. You can learn more about it here.

However, this compensation plan includes a holding tank, which allows you to stack your referrals and focus on specific legs according to your preference.

It is important to note that even though it is traditionally a uni-level plan, you are encouraged to concentrate on building only 3 legs at the beginning.

The Platinum Bonus

The Platinum Bonus is paid weekly and is considered a fast-start bonus compared to other MLM companies. It is paid out when you refer people to this company and they upgrade to the Platinum Level.

These commissions are also paid out weekly.

  • If you refer someone and they upgrade to the Platinum Level, you earn a $25 commission payout. If they upgrade to the Elite Level, you earn $50.
  • If you refer 10 people at the Platinum Level, you earn $250. Similarly, if you refer 10 people at the Elite level, you earn $500. These payouts are also paid out weekly.

Weekly Residual Income

The amount of your weekly residual will depend on your rank in the business. The range for residuals varies from as little as $37.50 per week to an impressive $125,000 per week, based on your rank qualification.

  • If you are a Platinum 150 you can be earning up to $150 per month or $37.50 per week.
  • For a Platinum 600, you can earn up to $600 per month or $150 per week.

As you climb higher in rank, your earning potential per week also increases.

Chairman Infinity Bonus

Once you reach the Chairman’s rank, you will start receiving bonuses. These bonus commissions are paid on top of your residual commissions.

In simple terms, as a Chairman, you can earn up to 2% of your total volume per leg down to the first matching rank.

Rank Achievement Bonus

This bonus is a reward for your dedication and commitment to building a successful business in the long run.

The first half of the bonuses is paid out once you reach and maintain these ranks for three consecutive months.

The other half requires you to maintain the rank for three months, but will be paid out for multiple months.

Is IM Mastery Academy A Pyramid Scheme?

In the past, IM Mastery Academy (formerly known as iMarkets Live) solely focused on recruiting new members into a pyramid scheme.

The objective was to continuously expand by teaching others to do the same. It’s important to note that pyramid schemes are illegal and considered scams.

Fast forward to the present, iMarkets Live rebranded as IM Mastery Academy, bringing along a new game plan.

They introduced a range of tools and coaching programs to conceal the pyramid scheme and present a legitimate business model. With actual products now available, it can no longer be classified as a pyramid scheme.

Nevertheless, the primary emphasis of their business model has remained unchanged.

This scheme reminds me of Perpetual Income 365, which is structured similarly to other MLMs that offer products or services.

Although you can purchase products on the official site, they will still attempt to recruit you as a promoter to earn online money by recommending IM Mastery Academy to others.

Speaking of which, let’s move on to the next section of my review to hear what others have to say, shall we?

Are IM Mastery Academy Users Seeing Success?

Before writing my reviews, I always conduct thorough background checks. One important aspect is assessing the opinions of other users and customers, which I have done in this case as well.

Looking at the online feedback for IM Mastery Academy, I wasn’t particularly surprised to find numerous negative reviews. Based on Trustpilot.com, out of 100 reviews, 63% of users had a positive experience, while 30% claimed it was a scam.

Some had mixed feelings.

Let’s take a look at what people are saying about this company.

Positive IM Mastery Academy Online Reviews

Here are a few positive reviews of IM Mastery Academy that were found online. Please note that some reviewers may have been overly biased in their feedback.

IM Mastery Academy Positive Reviews
IM Mastery Academy Positive Reviews
IM Mastery Academy Positive Reviews

These individuals are recommending the platform for various reasons, such as its assistance in learning how to trade, provision of tools and coaching, and more.

These reviews clearly demonstrate that the company is doing something good. However,…

Negative IM Mastery Academy Online Reviews

During my own review of IM Mastery Academy, I came across numerous negative reviews and complaints. I have already shared those YouTube clips with you, and now, you can also read these testimonials.

IM Mastery Academy Negative Reviews
IM Mastery Academy Negative Reviews
IM Mastery Academy Negative Reviews

I have a lot of experience with online reviews, and this has taught me the importance of paying closer attention to the red ones. These reviews are 100% genuine, coming from real people with real experiences.

Nowadays, many internet companies engage in the practice of fabricating positive reviews to create an illusion of authenticity. Take, for example, the IM Mastery Academy reviews; after reading a few, you’ll understand what I mean.

Interestingly, most of the individuals who wrote negative reviews share a common experience—they came to IM Mastery Academy to learn how to trade Forex but were disappointed by the aggressive promotion of the company’s MLM scheme.

If you have any thoughts or would like to share your own IM Mastery Academy review, please feel free to do so in the comments section below!

Related: Global MoneyLine Review

Is IM Mastery Academy Legit?

IM Mastery Academy is a legitimate online training platform that offers forex trading tools, training, and a lucrative MLM program.

However, many online reviews claim that the only way to make money with the Academy is through the MLM program, which is why I won’t be recommending it.

I don’t lean towards MLMs as they are not my cup of tea.

But it’s important to note that being an MLM scheme doesn’t automatically make IM Mastery Academy illegitimate.

IM Mastery Academy: Pros

When I first discovered IM Mastery Academy, I was amazed by the wide range of tools and resources they provide. From webinars to live events, they offer access to a wealth of knowledge.

It’s a legitimate platform for learning about Forex trading, making it an excellent place to start.

Moreover, you have the opportunity to earn money while learning by joining the lucrative MLM program. Simply recommend people to the platform and start earning.

  • Offers tools and education.
  • Webinars and live events.
  • Generous compensation plan.
  • Large and active community.

IM Mastery Academy: Cons

The IM Mastery Academy is a legitimate place to start learning about forex trading. However, in my opinion, it may not be the best option due to its high cost and lack of specificity.

Instead, many certified brokers like AvaTrade or FX Choice offer training programs directly on their broker sites, and the best part is that these programs are accessible at no additional cost.

Furthermore, it appears that the IM Mastery Academy places significant emphasis on its MLM program. This is reflected in the expensive packages they offer, as the platform rewards those who promote it with high-ticket commissions.

If you look up reviews of the IM Mastery Academy online, you will notice that many individuals express their dissatisfaction with the platform.

  • Not the best place to learn how to trade Forex.
  • Focused on recruiting new members into MLM.
  • Expensive packages.
  • Recurring monthly costs to remain active.
  • Over 30% of online reviews are negative.
  • Lack of significant user success stories.

My IM Mastery Academy YouTube Review

In case you are interested in watching my review from YouTube, feel free to hit the play button below!

IM Mastery Academy Review – Conclusion

IM Mastery Academy is a platform that provides a wide range of training and tools for learning forex trading. Additionally, you have the option to become a distributor and earn commissions through their MLM scheme.

After conducting extensive research and considering various factors, my final review of IM Mastery Academy ultimately depends on your individual needs.

If your primary goal is to gain knowledge about trading forex, learn different strategies, and utilize analysis tools and signals to enhance your trading skills, then I would likely recommend it.

However, it is important to note that the pricing of the courses is quite high compared to other alternatives such as courses on Udemy that are significantly more affordable.

Nevertheless, there is another aspect that should be taken into consideration, which is the company’s heavy focus on recruiting members for its MLM scheme.

This aspect personally contributes to my decision not to recommend IM Mastery Academy, as indicated by the negative reviews that I came across during my research.

Even with a focus solely on the courses and tools, I still find it difficult to recommend the company due to its high cost.

Nowadays, you can find valuable educational resources for free through platforms like YouTube, or opt for affordable courses offered by professional forex traders.

Ultimately, the choice is yours to make. I hope my IM Mastery Academy review has been helpful. If you have any comments or personal experiences, please feel free to share them in the comment section below.

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