Welcome to my IM Mastery Academy review. What is it about? How does it work? And above all, is IM Mastery Academy a scam or a legit biz opp?
You’re in the best place to find out!
IM Mastery Academy is an online platform that offers extensive education on forex trading as well as a set of tools for new traders. It was established by Christopher Terry.
However, it also seems that 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!
Keep on reading my detailed IM Mastery review to learn more. But first, let me introduce myself…
Hi, I’m Ivan! I’m an online marketer who went from waiting tables in restaurants and bars to earning a five-figure income online with affiliate marketing.
That said, I will give you an answer to the following questions:
- 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?
Let’s dive into my IM Mastery Academy review to learn whether this is for you or now. By the way, I’m not associated with this program so there are no affiliate links in this article.
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: According to the official website, IM Mastery Academy 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.
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.
It works in the same way as many other companies that use MLM systems such as Herbalife and Amway.
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 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 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 strategies.
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.
The company offers a lucrative affiliate/MLM program to all new members.
🛑 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.
On top of it, you can see and read a ton of negative IM Mastery Academy reviews all across the net. I have included some of them in this review so that you can see that this platform has got some serious issues.
👎👍 Scam or Legit? – Verdict
In a nutshell, IM Mastery Academy 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 that IM Mastery Academy is not a scam. It’s a legitimate platform where you can learn about forex and enrol 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!
Moreover, I highly recommend seeing the rest of my IM Mastery Academy review to hear what other people have to say about it too!
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, IM Mastery Academy falls into the MLM category. Basically, the scheme has been designed to recruit you to start recruiting new members to earn an income.
And according to many reviews available in the public domain, this seems to be the main business model of IM Mastery Academy. It reminds me of Entre Institute, a scheme that uses the same tricks to grow and earn revenue.
On the bright side, you can leverage the platform to learn about forex and even start trading using their tools and courses.
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?
Related: Crowd1 Review
Who Created IM Mastery Academy?
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 created 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 to recruit new members and teach 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 a 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.
Before you move forward, I recommend watching this video about IM:
All in all, there are many signs that this is not a legitimate company, nor its owner. This article claims that Chris Terry is a scam and it got some interesting points to prove it!
Overall, Terry’s background story checks out. He seems like a person who saw the benefits of starting an MLM so he did exactly that. But that doesn’t mean that I support his scheme.
Before I conclude my IM Mastery Academy review and the story about Chris Terry, let me show you what you get if you decide to try it out.
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, 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 in 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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How Much Does IM Mastery Academy Cost?
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’t 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.
Related: Inbound Closer Review
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 on 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.
How Do You Get Paid From IM Mastery Academy?
The compensation plan is structured as a uni-level compensation plan. This means that all your personal referrals will be placed on your 1st level. You can read more here.
But with how this compensation plan is structured you will have a holding tank.
So even though the commission plan is structured as a uni-level which is traditionally 1 level for all your personals you can actually stack them to just concentrate on a certain amount of legs of your choosing.
Now with that said, the compensation plan is structured in a way that when you are starting out you will want to concentrate on building only 3 legs.
Below is the official compensation plan of IM Mastery Academy…
The Platinum Bonus
The Platinum Bonus is paid weekly and is considered a fast-start bonus when compared to most other MLM companies. This 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 Elite Level you earn $50.
- If you refer 10 at the Platinum Level you earn $250 and if you refer 10 at the Elite level you earn $500 which will also be paid out weekly.
Weekly Residual Income
Your weekly residual will depend on your rank in the business. The residuals consist of as little as $37.50 per week all the way to $125,000 per week depending 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.
Then the higher you go in rank the more money you can make per week.
Chairman Infinity Bonus
These bonuses start when you hit the Chairman’s rank. These bonus commissions are also paid out on top of your residual commissions.
So basically, once you reach the rank of Chairman you will 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 staying in the business and staying committed to taking the time to build your business long-term and very large and strong.
The first half of these bonuses are paid out one time for reaching these ranks and maintaining them for 3 consecutive months.
And the other half will still need you to maintain the rank for 3 months BUT will be paid out for multiple months.
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. It’s an MLM Forex platform.
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 its 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, while doing the research for my IM Mastery Academy review, I found a ton of negative YouTube reviews from people who claim that it is a scam after all.
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 promoter 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?
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Is IM Mastery Academy Legit?
IM Mastery Academy is a legit online training platform. Together with forex trading tools, and training, the company offers a lucrative MLM program as well.
The only problem is that a lot of reviews online claim that this is the only way to make money with the Academy…which is why I’m not going to be recommending it.
I personally don’t lead toward MLMs…it’s just not my cup of tea.
But once again, being an MLM scheme doesn’t necessarily mean that IM is not legit.
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 was a scam.
Others were neither here nor there.
Here’s what people have to say about this company.
Positive IM Mastery Academy Online Reviews
Below are some of the most positive IM Mastery Academy reviews found online. Keep in mind that these people might have been a bit too biased while posting their reviews.
As you can see, these people are recommending this platform for many reasons. They say it is helpful when it comes to learning how to trade, it provides tools and coaching, etc.
Based on these reviews, it is evident that the company is doing something good. However…
Negative IM Mastery Academy Online Reviews
While doing my own IM Mastery Academy review, I bumped into a ton of negative reviews and complaints. I’ve already shown you those YouTube clips. Now, you can also read these testimonials as well.
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!
Related: Global MoneyLine Review
What I Like About IM Mastery Academy
When I first got in touch with IM Mastery Academy, I was blown away by the number of tools and resources they offer. You get access even to webinars and live events.
It is definitely a legit place to start learning about Forex trading.
And if you choose to earn some money while you learn, you can join the lucrative MLM program and earn by recommending people to the platform.
- Offers tools and education
- Webinars and live events
- Generous compensation plan
What I Don’t Like About IMMA
Although the IM Mastery Academy is a legit place to start learning about forex trading, in my opinion, it is not the best place. It’s quite expensive and vague.
For example, lots of certified brokers such as AvaTrade or FX Choice offer training on their broker sites. Best of all, you don’t have to pay money to get access to their programs.
That said, it seems that this platform is heavily focused on its MLM program. Their packages are quite expensive and the reason is that people who promote the platform can earn high-ticket commissions.
And if you check out some IM Mastery Academy reviews online, you will notice that lots of people are not happy with this.
- 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
IM Mastery Academy Review – Conclusion
IM Mastery Academy is a platform where you can access a ton of training and tools for learning how to start trading forex. Also, you can become a distributor and earn commissions through their MLM scheme.
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.
Though I think it is overpriced for sure. You can find 10x cheaper courses on Udemy, for example.
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 its own MLM scheme.
Before writing my own review, I 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 was 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 of IM Mastery Academy Alternatives:
- Invincible Marketer
- Wealthy Affiliate
- Savage Affiliates
- Commission Academy
- The Super Affiliate Network
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And don’t forget to share this IM Mastery Academy review with your friends and family!
All the best, Ivan. Founder, and CEO @freeaffiliatemarketingbusiness.com
47 thoughts on “IM Mastery Academy Review (2023) – Scam Or Legit?”
Thank you for another great review, and looking at IM Mastery Academy, I found what you said to be very interesting. I am glad to see that this is legit, but the fact that there are so many people complaining about it, and that it does not offer a money back is a little concerning. I think that the product itself may not actually be that good in quality at this point and it’s not somehting I would want to pursue.
I don’t like that either. Too many complaints are never a good sign and that’s because the IM Mastery Academy is focusing strong on recruitment.
Thank you for this indebt look at IM mastery academy. Forex trading is another juicy way of making money but complex and very risky. The risk is too high. Learning about such high-risk ventures on a platform based on Multi-level marketing is to be avoided as much as possible. Affiliate marketing is preferable with low risk and high gain if one can be consistent
Thanks for your comment. I agree with it!
This is the first time I come across IM Mastery Academy, but the fact that their main focus is on recruiting more to the platform, makes me very skeptical about the legality of the platform. So you might be bale to learn about forex trading, but with a course that is more expensive than many better courses, one might find it difficult to not only sell the course, but also to recruit more member.
Thank you for this detailed review, I will be giving IM Mastery Academy a wide berth.
Thanks for your comment!
Which other platform do you know where i can invest?
Where can learn Forex trading?
I look forward to your response
You can learn how to trade forex for free and invest safely through Demo and real-cash accounts on legit platforms such as AvaTrade, AdmiralMarkets, HF Markets, eTorro, and more!
IM Mastery Academy is NOT FOR EVERYONE!
And in as much as it has an MLM business model it very seriously depends on who is enrolling you. I wasn’t put in any pressure of recruiting. I joined to learn how to trade and I am making money both trading and building. I have signed up people who have seen results in 4 months of joining. It all depends on your expectations when you join the academy. It’s good to be transparent with people about the subscription fees and how it is not a get- rich-quick- scheme. And I let everyone know that if you are not ready to learn the skill set(both trading and how to recruit) then please don’t waste your money. So, I’ve noticed most of the bad reviews are based on people not being transparent and not willing to help their sign ups with the Products that the platform provides.
So, one can always try it out and see how it goes. 1 thing is for sure, your down line can 100% surpass you. 3 of my down lines make 4x of what I make that has also helped them in the trading aspect too. So.. keep an open mind. People are actually making 5 to 6 figures trading here that’s for sure. So.. One man’s food is another man’s poison.
This was a fascinating article to read. IM Master Academy sounds like something I’d be interested in. However, trading and all of that sounds far too complicated for me. I got so lost reading the article that I said, “Yeah, no, thanks.” It’s not that I don’t want to invest; it’s just that I don’t know anything about it. If I want to learn about trading, I believe there are probably better programs available. My biggest issue with IM Mastery is the number of negative reviews I’ve seen. This tells me that something is wrong. Thank you for this review, as well as the others.
I come across your review of IM Mastery Academy and wanted to find out more information before I invest my money with the company. Would love to learn about Forex trading, but why pay for this offer is all about recruiting new members. I prefer to use courses where it’s actually teaching you not based on how many new recruits we can get to signup. I will be sharing your website with my social media followers.
I don’t know about other people but honestly if I wanted to learn stock trading..I would y’know..go to a real expert, one where I would have face to face conversations with. Someone who oh..I don’t know.. went to school for this kind of stuff. Someone who has a license to teach this kind of stuck, I think they’re called financial advisors, or stock brokers..lol!
Honestly some of these guys are so shady. They could literally make a movie on these kinds of people, because they’re not exactly criminals, but that’s how their mind works, and they take advantage of whoever they can!