Looking to trade foreign currencies to make a living online? There’s a possibility you’ve come across a platform named IM Mastery Academy.
Formerly known as International Markets Live Ltd. and iMarketsLive, it’s a company that claims to get you up to speed with trading. According to the company, if you’re looking to master foreign exchange markets, you don’t need to look any further.
Now is it legitimate or a scam you should be wary of? It never hurts to do some research before you let go of your hard-earned dollars. Some research can help you avoid scams and find legit business opportunities that don’t disappoint.
With that said, lets’ get started.
IM Mastery Academy is a multi-level marketing company that was founded in 2013 by Christopher Terry. The company offers various programs that teach the ins and outs of Forex trading.
In Forex or Foreign exchange markets, you will watch the relative value of two different currencies and enter a trade with a higher probability of profit. Even with a 50% success rate, you’ll make more than what you lose if you use a proper stop-loss strategy.
Terry used to work in the construction business, and then realized it was not from him and got started in Forex instead. After becoming a full-time trader, he launched the company iMarketsLive, which was all about recruiting people.
As per the IMMA website, you get:
To avoid a lawsuit, the company was (probably) re-branded as IM Mastery Academy. They introduced a few Forex trading courses that a member can re-sell to make money.
As a distributor, you can sell their courses and get 50% commissions on all sales you bring. The program previously shared characteristics of a scam since there was no actual product.
No, IM Mastery Academy is not a pyramid scheme. However, its predecessor, iMarketsLive sure was one. It focused solely on recruiting, and behind the scenes, there was no actual product. The founder probably changed his strategy to ensure his product’s longevity.
In case you’re interested, here’s a quick video that shows how to spot pyramid schemes.
IM Mastery Academy offers four subscription plans:
Here’s a quick overview of the four packages:
You can get started with any plan and upgrade/downgrade as required. With the platform, there’s also a Prime pack with which you can buy a subscription for multiple months and save money:
There’s also an option to partner up with the company and become a distributor. They use the term Independent Business Owner (IBO) as a fancy term to address their affiliates.
The company uses an MLM structure, and it can be a bit tricky at times to get referrals. Unfortunately, most network marketers resort to unethical practices to sign people up, and the referred people have wrong expectations.
This is not true with all network marketers, of course, but most of them.
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You can resell the above-mentioned plans as a distributor, more specifically as an IBO. You can also sell the following products as add-ons:
Yes, you can. There are two ways to make money with the system:
The website does offer trading courses, but for the most part, they are all about recruiting people onto the platform. You have to recruit people under you and build a team.
There are 11 levels that you can climb depending on your performance as an IBO. You need to have a certain number of people under you, and have a few of them buy the starter pack.
There’s nothing wrong with recruiting; it’s just that it isn’t the best way to make a living working online. Not many people are huge fans of chasing their friends/family and other connections to join a platform.
As an ‘Independent Business Owner,’ you’re also entitled to receiving a few bonuses if someone in your team makes a starter pack purchase.
If you’re interested in joining this platform just for the sake of learning to trade, you need to reconsider. There are far better options to learn trading online, with some being free.
Master the fundamentals of trading from websites like Udemy or YouTube, and test out your newfound skills on a Forex demo account. This way, you can play with it for as long as possible without risking real money.
No matter what trading style suits you, make sure you use a decent take profit-stop loss ratio. The 2:1 ratio works best for most people, and it will help you get to profitability faster.
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See Related: Is 4Life a Scam or a Legit Business Opportunity?
No, IM Mastery Academy is not a scam. They are a legit MLM company that offers Forex trading courses. Even though their courses are mediocre, they are legitimate regardless.
That being said, if you’re looking to make a quick buck, there are better options. Not only are their courses overpriced, but they also utilize an MLM structure for recruiting people onto the system. For the many reasons mentioned in this review, we cannot recommend the platform to our readers.
There’s nothing wrong with MLM programs except that 90% plus of the distributors struggle to make $100 per month with them, let alone make a full-time living. If it’s trading that you’re interested in, you can start with free courses on platforms like Udemy or, better, check out YT.
We got your back. If you’re looking to work from home, we can help you get started in the right direction. Affiliate marketing is one of our favorite business models, and for a good reason. It can help you achieve financial, location, and time-freedom in time.
It’s one of the fastest-growing business models out there and is among the best ones as well. The benefits, if you may ask? You don’t have to own a product, nor do you have to deal with the hurdles you’d face promoting a physical, tangible product.
Simply select a product of your choice (the one you like), and get some sales. Moreover, unlike most multi-level marketing programs that have pay-to-play characteristics, you don’t have to pay a dime to be an affiliate for a product. At least not to legitimate affiliate marketing programs.
You’re also never married to a product in any way. Since you don’t have to pay to promote the system, you can always switch between different products. You can even ditch the ones you don’t want to promote at any point, as there’s no risk involved.
Our top recommendation has helped hundreds of people escape their 9-5 day jobs and has helped them earn a realistic 4-5 figure per month online. It has been going strong for more than a decade now, and the strategies have stood the test of time.
It will ask for some investment of your time and efforts, though. If you’re ready to start your own profitable online business and finally increase the monthly cash flow your businesses generate, we highly recommend you give it a shot. If you ask us, it’s totally worth it.
Definitely check it out if this piques your interest.
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Last updated: November 10, 2022
