Hello there. Welcome to my IM Mastery Academy review.
Many people are curious about the Forex market and a lot are asking how to go into it. It is definitely one of the largest financial markets so far, doing 5 trillion trade volumes daily.
With that much money involved, you can just imagine how lucrative the business really is and how you will be able to earn so much out of it.
The downside is that this business may be complicated for some people especially to those who don’t know how it is being done.
And here is where IM Mastery Academy comes in.
It is said that it offers you the chance to earn through Forex trade markets through the courses and tools it provides.
What’s even more attractive is that it also gives you an opportunity to earn while you go into Forex trading by making the business your own and sharing it to people you know.
Let’s check it out and see if it really is a good opportunity for you.
By the time you’ve finished reading this article, you’ll know all the important details such as:
- What is IM Mastery Academy About?
- What does IM Mastery Academy Promise you?
- ….And The truth: How Does IM Mastery Academy work
- How much does it cost to Join IM Mastery Academy?
- Can You Really Make Money With IM Mastery Academy?
- Who can benefit from IM Mastery Academy?
- Disappointing facts about IM Mastery Academy
- Things I like about IM Mastery Academy
- Is IM Mastery Academy a Scam?
- ===>>> A Much Better Way To Make Money – by the time we get to the bottom of this review, you will definitely know more about IM Mastery Academy and you probably have made your mind whether or not this opportunity is good for you. Whatever decision you make, I hope that this review provided you with the enlightenment that you need. If you are still going to look for other means to earn money online, you can check out my #1. Recommended business opportunity that’s helped me build a 6-figure online business.
IM Mastery Academy Review - Quick Summary
Product Name: IM Mastery Academy
Product Type: MLM company selling Forex Trading courses and tools
Founder: Christopher Terry & Isis De La Torre
Best for: Those who want to deal with Forex and Cryptocurrency trading
Price: $16.71 monthly + different starter packs up to $325
...and you can do it too without having to recruit people or risking your money!
What is IM Mastery Academy About?
IM Mastery Academy is a multi-level marketing company that operates in the Forex and Cryptocurrency trading niche.
The company aims to educate, empower, and enrich people by teaching them how currency trading is done. It offers different courses and provides tools that will help you understand how the Forex market works.
Before it became IM Mastery Academy, it used to be iMarketsLive.
iMarketsLive was founded in 2013 as an outright MLM company that built its business primarily by recruiting members.
In 2018, the CFTC (Commodity Futures Trading Commission), a US government independent agency that regulates the US derivatives markets that include futures, swaps, and certain kinds of options, declared iMarketsLive as an illegal operation as it failed to register its offering.
It was also declared illegal because its operation was strongly focused on recruitment.
In 2019, the company revised its compensation plan to strengthen its retail activity. They also brought into the team, self-made millionaire and one of the highest-earning network marketers, Alex Morton to improve their operations.
The revamp paved way to IM Master Academy.
IMMA has now trading courses to offer as the foundation of its business, with recruitment as the secondary activity.
Christopher Terry, Founder & CEO
A multiple 8-figure trader and educator in the Forex, Futures, and Equity markets for over 25 years, he has been invited to speak in different derivative conferences, and was mentioned in marketing books and multiple magazine articles.
His passion for network marketing began when he became involved in Amway, also an MLM company.
Isis De La Torre, Founder & CFO
An advocate of empowered women with over 30 years of experience in finance, her mission is to develop values and morals in the world by teaching financial principles that will provide solution to the financial problems that every common person is facing in the world.
Being a Latina, her vision is also to empower people outside of the US, especially the third world countries who are not given the same privileges and opportunities.
What does IM Mastery Academy Promise you?
The basic starter packs that IMMA offers includes tools that you can use in the trading market but if you choose a pack that is within your budget, you can still purchase these tools at $21.95 each as an add on depending on what you think is more beneficial to you.
- Harmonics – helps identify potential reversal in the market and gives powerful insight and analysis for opportunities to earn.
- Vibrata – this will help you save time in finding trade ideas and skip the analysis.
- Levels – an algorithm that identifies entry points, stop loss, and take profits one level at a time in the markets.
- Delorean – gives you the right timing and right place on market opportunities.
- Steady – looks for long term, swing ideas.
- Goldcup – combination of strategies that correlate with one another and look for high probability trade ideas.
- Bounceback – searches for and identifies the best entry points to get into the markets.
- Pivots – identifies the key reversal zones on different time frames.
- Liberty – finds high pace trade ideas for Binary Options.
- Swipetrades – access to real-time Forex trade ideas and market analysis & education sent directly to your phone.
- Swipecoin – access to real-time digital currency trade ideas and market analysis and education sent to your phone.
….And The truth: How Does IM Mastery Academy work
IM Mastery Academy guarantees a simple and easy to understand compensation plan for its subscribers. They also add that they pay generously. Let’s see if there’s some truth to that.
IMMA has a unilevel compensation plan. All your personal referrals are placed directly under you, they will be your 1st level but you can opt to place your referrals on any leg you deem fit because your commission focuses on building 3 legs that will perform complimentary with one another. It will all boil down to your placement strategy.
You can either join as a customer, as an Independent Business Owner (IBO), or as both.
Here is IMMA’s compensation plan:
The Platinum Bonus
This is a fast start bonus amounting to $25, which is paid to you when any of your referrals upgrade to Platinum Level. $50 if they upgrade to the Elite Level.
Weekly Residual Income
Residual bonuses are paid weekly. Residual income ranges from as little as $37.50 to as much as $125,000 depending on your rank in the business.
There are 5 ranks on the Platinum level and 6 ranks on the Chairman level. These ranks are determined by the qualified Group Volume (GV), the number of active personally sponsored Platinum level associates (Aktive Kunden), and corresponding recruits on all 3 legs.
Chairman Infinity Bonus
This bonus is given to associates who have reached the Chairman rank and paid on top of the residual income.
Once you reach this rank, you will get up to 2% of your total volume per leg on your first matching rank.
Rank Achievement Bonus
This is a reward for an associate’s commitment to the business by continuously building a strong and large group.
How much does it cost to Join IM Mastery Academy?
If you want to join as an Independent Business Owner (IBO), the cost will be $16.71, with monthly renewals of $16.71. You have to renew your membership every month to keep your business active.
As an IBO, you will already be able to share IMMA products and take part in the compensation plan.
You are not required to purchase any of the starter packs but as usual, just like in any MLM businesses, you will be highly encouraged to.
There are 4 Starter Packs that you can choose to purchase with your IBO subscription.
These packs differ in the tools that are included.
Platinum Starter Pack: $225
Gives you 145PV and includes Master Academy, goLive, Harmonics, Swipecoin Scalper.
Elite Starter Pack: $325
Gives you 195PV and includes the complete IMMA packages, which are: Master Academy, goLive, Harmonics, Swipecoin Scalper, Vibrata, Goldcup, Swipecoin, Swipetrades, Liberty, Pivots, Bounceback, Levels, Delorean, and Steady.
High-Frequency Starter Pack: $179.95
Gives you 145PV and includes Master Academy, goLive and Liberty tools.
Digital Currency: $179.95
Gives you 145PV and includes Master Academy, goLive, Harmonics, Swipecoin, and Swipecoin Scalper
Can You Really Make Money With IM Mastery Academy?
The reason why I am never a fan of multi-level marketing businesses is that I have not seen any companies on this platform that actually created more successful associates than unsuccessful ones.
I have reviewed seemingly good MLM businesses with exceptional compensation plans and one-of-a-kind products, but the bottomline is that they still fail to deliver to their associates their promised income.
Because this is the natural flaw of an MLM business.
MLM is basically designed for the very few that can rise up the ranks, while the rest will have to share with the crumbs.
Let us look at IMMA’s 2018 Income Disclosure Statement:
This shows that 87% of IMMA associates only earn an average of $52 a year. 5% earned a 4 to 5 digit income, 0.1% earned more than $100,000, and only 4 or 0.007% were able to reach the millionaire status.
While we want to put the millionaires on the limelight, we can’t just disregard that whopping 87% or the 95% that earned less than a thousand dollar in this business.
This earning is literally not even enough to give you your morning coffee every day, much less provide you the resources to conduct your business. So, if I were you, I will think it through before joining this business. It may sound lucrative but the results show otherwise.
Who can benefit from IM Mastery Academy?
People who are already into Forex Market may find the tools that IMMA offers useful to them.
I don’t see how this can actually help beginners to learn more about Forex trading because the tools they provide require that you already have certain understanding about how Forex trading is being done. So if you are totally new to this business, it may cause you more confusion if you just dive into the tools the moment you sign up.
It would have been helpful if there is actually a course outline of what its subscribers can benefit from it aside from earning commissions from referrals. The products that it offers would be more beneficial to its associates if they can understand the business that they are getting into. I mean the real business and not just the multilevel marketing part.
Disappointing facts about IM Mastery Academy
#1. Low success rate
MLM businesses are known for their low success rate. The ability to convince people to join in the business is actually not a walk in the park.
I have seen how MLM affiliate struggle on selling tangible products. It will be doubly hard to sell an opportunity that is not common to an ordinary Joe.
The IDS of IMMA shows that the business is not as easy as what its associates make you believe because if it is, then there will be more people earning a good 6 to 7 figure than a measly $52 a year.
#2. Complex business
Unless you have a background in Forex trading, I don’t think that you will be confident to invest in it just by using the tools that IMMA has to give. It will take a lot of experience, and probably money, to be able to get a hit on this investment opportunity.
Things I like about IM Mastery Academy
#1. Compensation plan that focuses on retail
55% of earning comes from retail activity, it is a big improvement from its previous compensation plan and will guarantee to avoid pyramiding activities.
Is IM Mastery Academy a Scam?
Compared to its predecessor, IM Mastery Academy has improved in terms of the legality of the business. It now offers quite good tools that can actually aid you if you would really want to go into Forex Trading.
So, I don’t think that IMMA is a scam.
It has potentially good products and services. It offers a decent enough compensation program.
However, I cannot vouch for the business to be good for you because as we can see on its Income Disclosure Statement, its success rate is still very slim.
A Much Better Way To Make Money
IM Mastery Academy may have improved the way they do their business as compared to when it was operating as iMarketsLive but the same thing remains, success may not come easy for this kind of opportunity.
Although IMMA offers a good tool, I cannot honestly say if these tools are enough to make you successful in Forex trading as this business can really be tricky and complicated especially if you are new to it.
The courses that IMMA promises to give you may not be sufficient to assure your success and even if it has made significant changes on how it operates its business, the fact remains that the motivating factor why anyone will join this business is because of the commissions they can get when they invite other people to join.
If you really want to try your hands on MLM, you may want to look into other more popular niches with products that are easier to sell.
If you’ll ask me, I will strongly discourage you from joining any MLM businesses because generally, success on this platform is rare.
Most MLM associates tell you that it is easy to do because like in the case of IMMA, you just need to refer at least 3 people and the rest will follow. You would think that it is easy to sign up 3 people compared to your network of friends but I am telling you that it will make you struggle to even make a pitch to 3 people who will be interested.
MLM has earned a repulsive reputation because of the poor success rate it possesses. Some even guarantees that you are more likely to lose money than earn on this kind of business model.
So, if you want a business that will not require you to recruit people, struggle to meet your sales target, and be responsible for the performance of your downlines, I recommend that you look into a different business model. Why don’t you try doing affiliate marketing?
Affiliate marketing is a classic business model where you don’t need to recruit and meet sales quota.
All you need to do is set up a system to promote a product or a program, not even sell it, you just need to make an endorsement, then you get to earn commissions with every sales that the product or program makes out of your promotion.
Consider it and if you want to know how I was able to build my business by being an affiliate marketer, check out my #1 Recommended Training Program. I am confident that you can learn a lot from this program because I did and believe me, you will learn the trades of affiliate marketing faster than forex trading market.