Welcome to my IM Mastery Academy review.
According to the official website, IM Mastery Academy is a company that empowers people to build better lives. They give purpose and meaning and help to find that happiness that starts within you.
At first sight, you get a feeling that it’s about personal development, am I right?
But upon a closer look, the platform is actually about Forex or Foreign Exchange Market.
In other words, they provide courses and tools for trading currencies. Who would’ve said?
However, one of the main ideas behind IM Mastery Academy is to recruit new members into the MLM scheme. Basically, you can sell high-ticket products to others to earn commissions.
So after discovering this agenda, I wanted to answer a few questions such as:
- Is IM Mastery Academy a scam or legit?
- What are the dangers and benefits of joining?
- Is IM Mastery Academy a pyramid scheme or MLM?
- How much could it cost you to join?
- What are the pros and cons?
After a few hours of detailed analysis of this website, I wrote this IM Mastery Academy review to help you to find the answers to all those questions.
The last thing you want to do is waste your time and money on a scam, right?
It seems like this company simply uses Forex trading services as a disguise for a large recruiting pyramid scheme and therefore, could be and probably is a scam.
But let’s not judge yet! Let’s dive into my IM Mastery Academy review to learn more first before passing any judgment.
IM Mastery Academy Review – Overview
- Product Type: Forex Trading/MLM Scheme
- Price: $225 to $325 per month + extra cost
- Product Owner: Christopher Terry
- Money-Back Guarantee: unavailable
- Recommended?: Legit. But not recommended
Overview: Based on my findings, IM Mastery Academy is an MLM company that sells educational programs and tools for learning about and improving your existing Forex trading skills.
So is it a scam or legit?
✅ IM Mastery Academy PROS
The first thing I really like about IM Mastery Academy is the quantity of the education. The platform is indeed a good place to learn about trading forex and making money online.
They provide their users with coaching, live events, seminars, and more!
In addition to the education, the IMMA platform sells a set of tools for trading forex. In a nutshell, you can access tons of analysis tools that are designed to improve your startegies.
Another good thing about this platform is the compensation plan. If you decide to follow the MLM route and promote IMMA to others, you can earn nice commissions down the road.
🛑 IM Mastery Academy CONS
One of the major problems with IM Mastery Academy is the number of user complaints. It looks like a lot of people have had a negative experience with this platform.
As for me, I didn’t have a negative experience like the rest of the users. However, I was not satisfied with the service nor was I interested in their program.
I don’t like the fact that the whole thing is heavily focused on multi-level marketing.
Moreover, when I got the part with packages and prices, I was shocked by the numbers! Just for comparison, you can buy high-quality forex courses for less than $100 one time.
So by the end, I realized that the forex part is overhyped and overpriced for the reason that people who promote this company could earn massive commissions.
👎👍 Scam or Legit? – Verdict
In a nutshell, IMMA is heavily focused on recruiting new members into their MLM scheme which caused a lot of negative reviews from past and current users to pop up.
You can see some of them in this post as well.
The bottom line is, IM Mastery Academy is not a scam. It’s a legitimate platform where you can learn about forex and enroll in an MLM scheme to make money promoting the same platform to others.
However, IMMA is my honest recommendation. I don’t like Multi-Level Marketing schemes and I tend to stay away from them. There are much better ways to make money online!
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What Is IM Mastery Academy?
IM Mastery Academy is a company that provides tools and services such as training with which they help people to become successful Forex traders.
Or at least that’s what it seems to be at first sight.
However, as soon as I started researching this company, I discovered a ton of reviews and complaints from users that claim that IM Mastery Academy is all about recruiting people into an MLM/pyramid scheme business.
The difference between a pyramid scheme and MLM is minor.
The pyramid scheme focuses solely on recruiting new members into a downline and has no product or services to offer. On the other hand, multi-level marketing uses the same model but also offers products and services.
So out of those two, MLMs are actually legitimate and pyramid schemes are scams. Just don’t confuse these two with affiliate marketing.
Affiliate marketing has no downlines (multi-levels) and is a 100% legitimate business model.
It Is an MLM Scheme in Disguise
After a detailed analysis, it seems that IM Mastery Academy falls into the MLM category.
However, despite the fact that they offer Forex education and tools, I still can’t escape all those negative reviews that I will show you by the end of this review.
Let’s first check out the background of the company before we make any conclusions, shall we?
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Who Owns The Company?
One of the first things that I look for in any make-money-online opportunity is who owns the company.
If there are no names, I can be sure that we have a scam. And if there are some names behind it, well, in most cases, their past reveals the nature of the present operation.
IM Mastery Academy was founded by Christopher Terry. According to some resources available in the public domain, Christopher was a construction worker.
In other words, he was just an average Joe.
Then one day, he discovers Forex and decided to pursue this new career. As usual, it took him a few years before he was able to earn enough money to quit his job and devote his time to Forex.
So far, his story seems legitimate. But that does not answer the question is IM Mastery Academy a scam?
So let’s keep digging to find out more.
So Is Christopher Terry Legit?
After becoming a profitable and successful Forex trader, Christopher decided to share his skills with the world. In 2001, he started to teach small groups of people how to trade forex instead of trading their time for money.
Then, in 2013, he founded a company called iMarketsLive.
According to my research iMarketsLive was and still is an MLM company. In other words, the main idea behind it was recruiting new members and teaching them to promote the same opportunity to others.
Fast forward to the present moment, iMarkets Live has become IM Mastery Academy. It seems that iMarkets Live has got some bad reputation over the years so they had to rebrand the whole scheme to get a “clean slate.”
But what’s the difference? I mean, if iMarkets Live was a bad MLM, then IM Mastery Academy is too, right? Well, we’ll find it out in the next sections of my review.
All in all, there are no signs that Christopher Terry is a crook or a criminal.
Overall, his background story checks and he seems like a normal person who saw the benefits of starting an MLM so he did exactly that.
What Products Does IM Mastery Academy Offer?
IM Mastery Academy offers two sets of products on the official website. One is education, the second set is tools.
Both sets of products are geared toward helping new and advanced forex traders to improve their skills and income.
So it’s becoming clearer that this is not really a pyramid scheme.
Since there are some products on offer, and since the company recruits marketers to promote these products and services, and since their compensation plan is going in the downline, we can say that IM Mastery Academy is a full breed MLM.
Here’s the overview of products available through this company.
IM Mastey Academy Programs
All these programs below are educational products that teach forex trading.
- FRX Academy – learn how to understand currency movements, the different types of chart analysis, how foreign markets operate, & the best strategies to enter into trades in the forex market.
- HFX Academy – mastering the fast-paced, high-frequency markets consisting of different currencies, indices, bonds, metals, & stocks.
- DCX Academy – take advantage of the digital currencies market. Learn how this market operates, the different types of digital currencies, and how to gain a solid working knowledge of using digital currencies.
- Elite Academy – gives you access to the FRX, DCX & HFX academy at the lowest possible rate.
IM Mastery Trading Tools & Strategies
The tools and strategies below are also designed to help you to develop and upgrade your trading skills.
- Harmonics – exclusive education for harmonic patterns in the forex markets helping you identify potential reversals in the market, giving you powerful insight & analysis for opportunities to earn.
- SwipeTraders – access real-time forex trade ideas and market analysis & education sent straight to your phone.
- SwipeCoin – access real-time trade ideas, market analysis, and simplified education sent straight to your phone from an educator with over 11 years of experience in the digital currency markets.
- Vibrata – exclusive education providing multiple strategies that look for trade ideas for you – no analysis needed on your end, ever.
- GoldCup – this is 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 – this simple yet powerful strategy takes the guess out of finding market opportunities by identifying key reversal zones on many time frames.
- Liberty – this proprietary strategy focuses on finding high pace trade ideas for Binary Options.
- Steady – this exclusive strategy looks for the long-term, swing trade ideas that you’ll be able to set and forget.
- Delorean – a proprietary strategy that gets you in the right place at the right time with hundreds of market opportunities to help you find your own style.
- BounceBack – this unique strategy searches for and identifies the best entry points for you to get into the markets.
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What Is The Price To Join IM Mastery Academy?
IM Mastery Academy has several options when it comes to price packages. You can buy separate courses.
Or you can buy them all in a bundle which lowers the price significantly.
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
Those are the price of training courses and educational programs available.
In my opinion, this is a lot of money for online courses. I mean, I like Forex and I’ve seen high-quality courses online that go for far less money. Moreover, you can find high-quality courses for free as well.
I don’ see why I would pay this much money to learn about forex. It seems to me that the prices are high because of the MLM aspect of the platform.
Price of Trading Tools & Strategies
Now, if you want to get access to tools and strategies, you’ll have to pay more.
- 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
Each of these tools and strategies is designed to help you to take your trading to the next level. I can personally see some value in these features.
But still, at the end of the day, the entire scheme seems overpriced to me!
Who Is IM Mastery Academy For?
Technically speaking, IM Mastery Academy is for people interested in learning how to trade on Forex Market. As you can see from the top sections, the company offers a set of training programs and tools that help to do so.
However, as you’re about to see in the next section of my review, there’s an intense focus on MLM and recruiting, which means that it’s also an opportunity for marketers as well.
How Can You Make Money With IM Mastery Academy?
The idea behind IM Mastery Academy is, first and foremost, to teach you how to trade Forex. In other words, you can make money buying and selling currencies based on their current market value.
However, according to a LOT of reviews out there, there’s a strong focus inside the members’ area on recruiting every new customer to become a sales representative as well.
In other words, there’s much more money in MLM and the owner of IM Mastery Academy knows it.
So the idea is simple. You become a member and get access to promotional tools, links, resources, etc.
You can then use these to recruit new members. Each new member that you recruit becomes a part of your downline.
Each time your 1st tier recruits a new member, you create another level below you. This can go down through multiple levels.
So as you picture it, you can see why they call this model a pyramid scheme.
However, since IM Mastery Academy has products in offer, it’s not technically speaking a pyramid scheme. It’s an MLM.
Although authorities make no difference between those two. You can read this post from FTC’s blog about multi-level-marketing businesses and pyramid schemes.
To get back to how you make money with IM Mastery Academy.
Each time you recruit a new customer, you receive a commission based on the agreement between you and IM Mastery Academy.
And as your referrals start to follow the same line of action, you get compensated for each new paying customer they bring in.
So as you can see, the earning potential with MLM is huge, especially if the compensation plan is generous.
However, make no mistake.
Only about 2% of the people that join various MLMs and pyramid schemes really make money. In other words, you need some serious marketing skills to make money with schemes like IM Mastery Academy.
Is IM Mastery Academy A Scam?
IM Mastery Academy is not a scam. Objectively speaking, there are no signs of a scam or any other fraudulent activity.
But the problem is that authorities like FTC consider MLMs as scams as well.
So technically speaking, IM Mastery Academy could be considered a scam since their business is structured to recruit new members and build downlines.
I personally don’t think of MLMs as scams because those companies always have some products in the backend.
In this case, you can buy tons of tools for trading Forex and such.
However, there are some indications that it might be a pyramid scheme, so let’s close that one as well.
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Is IM Mastery Academy A Pyramid Scheme?
In the past, IM Mastery Academy was focused solely on recruiting new members into a pyramid scheme. That was back in the day when IM Mastery Academy was known as iMarkets Live.
The whole idea behind it was to recruit more and more people and show them how to do the same. If you’re not aware of it yet, the pyramid scheme is illegal and this business model is classified as a scam.
In the meantime, and fast forward to the present moment, iMarkets Live has become IM Mastery Academy. With this rebranding came the new game plan.
They introduced a series of tools and coaching programs to mask the pyramid scheme and jump to the legitimate side of the business.
So since IM Mastery Academy has products “in-store” we can’t say that it’s a pyramid scheme anymore.
However, the main focus of their business model has remained the same.
This scheme reminds me of Perpetual Income 365, which is constructed in the same way as all these MLMs that offer some products or services.
Despite the fact that you can buy products on the official site, they will still try to recruit you to become a promote and earn money online by recommending IM Mastery Academy to other people.
Speaking of which, let’s see the next section of my review to see what other people have to say, shall we?
IM Mastery Academy Online Reviews
I always do a deep background check before writing my reviews. One of the points on my list is finding what other users and customers have to say about the company so I’ve done the same here.
I was actually not so surprised to see so many negative IM Mastery Academy reviews online. According to Trustpilot.com, out of 100 reviews, 63% of users left a positive experience, while 30% said that it’s a scam.
Others were neither here nor there.
Here’s what people have to say about this company.
Positive IM Mastery Academy Online Reviews
Negative IM Mastery Academy Online Reviews
I have a lot of experience with online reviews. My experience taught me to pay closer attention to those red ones because those are 100% real people with real experience.
See, a lot of internet companies these days have a practice of faking positive reviews to appear legitimate. I mean, just read a few of those IM Mastery Academy reviews and you’ll see what I mean.
In any case, it seems that most people who wrote those negative reviews have one thing in common.
They all came to learn how to trade Forex with IM Mastery Academy and were disappointed because the company was aggressively promoting their MLM scheme.
Do you have an IM Mastery Academy review? Want to share your experience with it? Do you think it’s a scam? Please, feel free to share your thoughts in the comments section below!
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What I Like About IM Mastery Academy
- Offers tools and education
- Webinars and live events
- Generous compensation plan
What I Don’t Like About It
- Not the best place to learn how to trade forex
- Focused on recruiting new members into MLM
- Expensive packages
- Over 30% of online reviews are negative
Is IM Mastery Academy Recommended?
My final conclusion in this IM Mastery Academy review depends on your needs.
If you’re looking to learn about trading Forex, learn about different strategies and use analysis tools and signals to improve your trading skills, then I would probably recommend it.
However, there’s a flip side to this coin, which is the reason why I honestly don’t recommend this company. That reason is the fact that the company is heavily focused on recruiting members into their own MLM scheme.
Before writing my own review, I’ve read all that I could find in the public domain about this company.
Those negative reviews still ring in my ears and tell me that I personally don’t want to have anything to do with IM Mastery Academy.
Even if I focus my attention on those courses and tools, I would still not be comfortable recommending this company. It’s too expensive.
You can learn a lot for free these days just by watching YouTube videos.
Plus, there are a lot of professional Forex traders that have their own courses that cost far less.
As always, the final choice is yours. I hope my IM Mastery Academy review was helpful. Once again, if you have any comments or experiences, feel free to drop them in the comment section below.
Legit & Recommended Make Money Online Courses
If you feel the same way about this program, I have a list of tried and tested courses for making money online that I recommend above all others.
Here’s the list:
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