Welcome to my IM Mastery Academy review for 2023.
If you heard about iMarketsLive known as IM Mastery Academy and you are wondering if it is a scam or a legit company that you can join and make money online, you are in the right place.
Because throughout this IM Mastery Academy review,…
I will delve deeper into the following points:
- The pros, and cons, and my honest point of view.
iMarketsLive is an MLM company founded in 2013 by a man called Chris Terry, a Network Marketer who worked for Amway, another MLM company in the 90s.
It is a New York-based company that offers FOREX training and Live streaming education classes to beginners and advanced traders who want to enter into this field.
And their training is available in 9 different languages.
In a recent interview on Forbe, Terry claims that the IM Mastery Academy has educated hundreds of thousands of people trading and also drop shipping business.
Their educational portal can found at the following internet address: golive.im.
They also offer weekly webinars.
As a customer, you have the opportunity to not only learn from experts in this industry through their Live Trading & Educational Room platform but also to sell ImarketsLive’s products and services to other people and make money.
Before we move on, let’s find out who is behind the IM Mastery Academy platform. And what is his business track record.
About the IM Mastery Academy owner, Chris Terry
Christopher Terry is Founder & CEO IM Mastery Academy aka ImarketLive.
He is a well-known and successful trader who is making a swoopy eight-figure income with his business. He has been in this industry
He is a well-known and successful trader who is making a swoopy eight-figure income with his business. He has been in this industry
He is a well-known and successful trader who is making a swoopy eight-figure income with his business. He has been in this industry still trades and educates other people on how to trade FOREX, Futures, and Equity markets since 1994. That is over 20 years of experience. ImarketLives released to IM Mastery Academy is born to educate and empower aspiring traders how to trade FOREX, Futures, and Equity markets to make money online with trading..
Christ Terry’s Net Worth has estimated at $2.61 Million dollars as of 24 April 2020.
He is also known as a speaker and his name features in several books and magazines.
You can learn learn more about him here.
IM Mastery Academy review – company’s products and services
FOREX and Cryptocurrency education – IMARKETSLIVE ACADEMY
IMARKETSLIVE Academy is the training portal of the iMarketsLive platform. They offer video courses about FOREX (The Foreign Exchange market) and cryptocurrency trading.
Terry claims that whatever your level in trading (beginner, intermediate or advanced trader) he and his team can give you the skills and knowledge you need to build real wealth no matter where you live in this world.
But before you get excited and jump in, let me ask you a question: can you handle losing money?
In other words, are you a risk-averse person?
If yes, trading is not for you because Forex trading a high-risk activity, and even the experts in this industry lose money for the following reasons:
- Fast-changing market conditions,
- high volatility, and leverage.
Keep reading!! You will be surprised.
This is like another training session where members can copy the professionals trades so that they can get the same results they get.
Throughout this live session of training, subscribers can see how professional traders (Chris Terry, CEO of iMarketsLive and his team) trade in their way in Live, how they analyze the market,…
It is also through these live training sessions subscribers get mindset and mentorship education they claim can help them build real wealth and freedom. For example the
Also, read Affiliate lab review – build a six-figure niche site faster
IML harmonics scanner: financial data and pattern recognition software
It is software that scans the market to provide you with financial data that will help you increase your chances of success in your trading operations. This software is available to all members.
IML Web Analyze
Like the previous, this is another trade scanner that iMarketLive provides to its users. And, as its name suggests, it is a web analyzer (Mobil App) that scans markets while providing FOREX and Cryptocurrencies market data to help you make the right decisions in your trade transactions.
Only available to Elite members. As a Platinum member, you need to pay an extra fee to get it.
This is another service that Chris Terry has put in place to charge members even more money. Even if it is not mandatory for members to pay for this service, it remains one of his strategists to make more money from members.
Let’s see what is it?
Trading ideas. You read it right! Ideas. It is still a form of additional education + trading ideas that you get directly into your mobile phone via their mobile App.
According to them, these are ideas that will allow you to have additional confirmation in your trading timeframe.
Do you now wondering what education they provide at the first level? I mean on the IM Mastery Academy & IML TV level. That’s the question I’m asking myself too.
It’s like a master who educates his students while keeping some information (let’s say the most precious) for later statements: “Pay me more money to discover the secrets that will lead you to have more success!”.
Let’s move into the next section of my ImarketsLive review to find out how much it cost to get started.
IMARKETSLIVE membership plan
There are two membership plans at IML and an affiliate program called Independent Business Owner (IBO).
And guess what?
To share their service and earn a commission (to enroll in their affiliate program), you need to pay $16.71 per month.
As for their 2 membership plans, here are their prices and services associated with each one:
- Elite Academy costs $324.94 upfront fee then $274.95 per month,
- FRX Academy costs $234.95 upfront fee then $174.95 per month,
- HFX Academy costs $234.95 upfront fee then $174.95 per month,
- DCX Academy costs $234.95 upfront fee then $174.95 per month,
- IBO Academy costs a $16.71 upfront fee then $16.71 per month.
Each membership package gives you access to features based on the package you have purchased.
This gives you access to their educational portal, Harmonic Scanner + access to some of their trade ideas service.
If you want to unlock most of all the product and service iMarketsLive platform provides you need to buy the Elite Academy membership package.
iMarketslive compensation plan
As announced very early, IMARKETSLIVE’s (IM Mastery Academy) company is an MLM company. Chris Terry, to build his empire, combined an MLM concept with his business. And here is the reason he argues to explain this.
Chris TerryI was involved in Amway many years ago and have always loved the idea of working in a team environment, building a culture of excellence, and of course creating a steady residual income stream. I knew that if we added a network marketing compensation plan to our affiliate model, we could allow people to take their residual income and put it into the markets… that’s a powerful concept.
IMARKETSLIVE’s compensation plan is 3 levels with a residual income (starting just after your 3rd level) that goes up to 8 deep levels (a 3×8 matrix).
– You earn a 30% commission on your direct referrals’ subscription,
– 10% commission on your level 2,
– 5% on levels 3 to 4.
However, it should be noted that to earn your residual income and bonus that goes with it you will need to have and maintain a platinum 150 rank minimum, and that requires that you have 3 active members. That means 3 members who have registered as platinum members.
And the levels range from Platinum 150 to Chairman 500. The higher your rank, the higher your bonus and residual earnings are.
Also, read Entre Institute review – learn how to build a passive income online.
There are several complaints against iMarketsLive. But well before I show you these complaints, let me tell you that this company is not accredited by the Better Business Bureau (BBB). And as the picture below shows us, there are 515 complaints (previously 44 in 2019 when I first writing this IM Mastery Academy review) on the BBB website with up to 310 in the last 12 months (previously 39 in 2019).
This means the company is not doing well these recent years. Does it make sense?
So, keep reading!
IMARKETSLIVE claims that there is a refund for all those who are not satisfied with their service. Yes, we cannot deny that. Maybe members who ask to be refunded are refunded – maybe not!
But the image below shows us that to get a refund, you have to get up early and put on your shoes very well.
And what is surprising and strange, in response to a customer’s complaint on the BBB website he states that: “Depending on the number of requests, and availability of supply, and times of transfer from supplier the process can take a little longer than intended.”
There is no need to blame me!! See the image below or check out this link to see it yourself.
This is another complaint!!
What other users said about iMarketsLive on TrustPilot:
If there are some bad reviews, maybe there are some good reviews – sure!!
Let’s see what users say:
Some say it is a perfect program for beginners who want to learn FOREX trading as Chris Terry himself claims it, while others say it is not for beginners.
And you know what?
Some users recommend going with the elite package (325$ up-front + 274,95$/month) because the other membership packages don’t have enough info for beginners.
What?? Then who is right?
Help me!! I am completely confused!!
Take a look at the image below.
Still, wondering if iMarketsLive is a scam or not?
And what the hell is that?
Some review is not accurate and seems to be promotional (just to get sign-ups).
He’s disappointed!!! He doesn’t even know where to promote his business anymore! And it’s on Trustpilot he’s trying to promote his business.
There are even ImarketsLive Reddit reviews you can find yourself here.
Does all this mean iMarketsLive is a scam?
The straightforward answer is no. IMarketsLive is not a scam per se. This is a FOREX and digital trading educational platform and the owner Christopher Terry is an expert and a leader in this industry.
Plus you get access to services and products that can be useful for a trading career.
The downside is that there are many IM Mastery Academy complaints out there. That means most people end up losing their money than making profits.
Let’s take a loot these complaints.
However, the Financial Services and Markets Authority (FSMA) warm us against this company. You can read them here.
Is ImarketsLive (IM Mastery Academy) a pyramid scheme?
Most people consider any MLM oppportunity as a pyramid scheme.
However there are difference between both concept.
If the IM Mastery Academy aka ImarketsLive generate its income throughout recruiting new members and not selling retails products, that way ImarketsLive would be a pyramid scheme.
But if members or affiliates can join and promote retails products and make a commission (even from their downlines work), in this case, the IM Mastery Academy is not a pyramid scheme.
And as long as there is a product behind this company, and users pay for a service or product, in no way they can not be considered as a pyramid scheme or a Ponzi.
So this company is not a pyramid scheme.
The fact, most people make money from recruiting new members than trading.
Also, read Legendary Marketers review – best high ticket program?
IMARKETSLIVE Pros & cons
✔Training materials provided,
✔ Opportunity to learn from an expert in the industry,
✔ Trading tools available,
❌ You can lose more money than you make,
❌ IMarketsLive membership plan is expensive and may not be a good fit for starters,
❌ Has poor rating from the Beter Business Bureau (BBB) and restrictions operations from The Financial Services and Markets Authority (FSMA),
How I make money online (and you can too)?
Trading is another way to make money online by working part-time and from the comfort of your home. You can even do it at any time and wherever you are.
This is a great point. Where this business model is is not a good fit for everyone is that it involves high risk.
And with the IM Mastery Academy, you need not only to pay hundreds of money every month, build a network team, but you also need to invest thousands of money in trading. And there is no guarantee you will make profits.
Here is how I make money online. I do what I like, I choose the product I want and like to promote. I promote the product and I get paid a commission. This is called affiliate marketing.
And the best part, I don’t chase people because I have put a system in place that does all the hard work for me.
If you are new to this business model, I recommend you check out this post to learn more about it.
Do I recommend iMarketsLive as a way to make money online?
No! I don’t recommend this program to my audience and that for several reasons:
- There are many complaints and this is no a good sign. Over 300 complaints for the last 12 months.
- The company has a low rating from customers,
- Trading involve a high-risk – you can lose all your hard-cash without any results,
- The membership fee expensive and you will still need to spend money on trading. That is a lot of money while there are other business models out there you can try for zero dollars.
As you yourself have seen above, many of these people are trapped and instead of giving up, they are trying to get other people into it. And if you are not good at recruiting, you will earn absolutely nothing.
If this is what you want and you are ready to go for it, make sure you check out my guide on how to recruit in MLM like a pro to learn how to build your network marketing team fast.
IM Mastery Academy review – final thoughts…
I did my part. I told you what I think about this company while showing you other safer ways to make money online.
So the decision you take is yours. After reading this review, if you still want to join IML, then do so at your own risk.
If you are looking for a proven and genuine way to make money online, I recommend you check out this company.
If you have questions about this post: “is iMarketsLive a scam”, don’t hesitate to write it down in the comment section.
Are you a member or at least have you been a member of iMarketsLive? Share your experiences with us. Tell us what you think about this company.
If you like this ImarketsLive review don’t forget to share it with your friends.
Be ACTION taker, SOW YOUR SEED TODAY!!
To your success!!!
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