Did you hear the news?
iMarketsLive has rebranded and now it's being called IM Mastery Academy (the products and much of the company remains mostly the same).
If you're being approached to buy their trading courses or are being recruited by a distributor you're probably wondering if this company is a scam or not.
If so, this post is for you.
Below you'll learn everything you need to know about this company including background information, price to join, compensation plan overview, product review and more.
You'll be an IM Mastery Academy expert by the time you're done reading.
Let's get into it!
IM Mastery Academy Summary
Product: IM Mastery Academy
Price to join: $225 to $325 + monthly fees
Do I recommend? No
Summary: IM Mastery Academy is a rebrand of a forex and trading company called iMarketsLive. Much has stayed the same from the two companies and the change is more aesthetic than anything.
While there's a pretty strong product line up here and a push to make a lot of retail sales (and not solely focus on recruiting) I don't recommend that you join.
The main reason is most people will either lose money or make very little (the average person makes $52 a year with this company).
There's definitely better ways to make money.
Better opportunity: If you want to see how I learned to make over $100,000 online as a broke beginner, click below:
IM Mastery Academy FAQ'S
1) What is IM Mastery Academy? IM Mastery Academy is a reboot of another MLM/trading company called iMarketsLive.
This company originally was an outright pyramid scheme because there was not retail opportunity/money making opportunity outside of recruitment.
However, after the CEO apparently had enough of running a company like that, they made some pretty big changes.
They switched up their compensation plan and made retail sales more prevalent which is good to see. They brought on board MLM superstar Alex Morton and iMarketsLive was brought back from the grave.
In September 2019 this company switched its name to IM Mastery Academy. This is very common in the MLM world but always a good sign.
2) How do you make money here? IM Mastery Academy is a MLM which stands for Multi-Level Marketing.
With these companies you sign up for a fee to be able to sell their products for a commission.
Also, you get rewarded for recruiting and building a downline as well. You get a certain commission based on the sales of the people below you.
This is a very flawed way to make money which I'll address in the next section.
3) Are there any red flags? iMarketsLive at one point was basically only red flags. After cleaning things up there were still issues like not being registered with the SEC. They offer a passive income stream and not being registered with the SEC while offering a passive income opprountiy is securities fraud (this seems to have ben fixed now, though)
Also, Alex Morton had previously worked with a MLM which the FTC deemed as a pyramid scheme.
4) Are there any similar companies? There are many MLM's based around forex and trading. Melius would be an example of one.
Is IM Mastery Academy A Pyramid Scheme?
In the past this company was because of its compensation plan and how it rewarded recruitment.
However, IM Mastery Academy is not an outright pyramid scheme and instead just has elements of one.
Look at the picture below to understand what I mean:
In an illegal pyramid scheme the entire money making opportunity would look like the picture above. This happens when recruitment is the only way to make money because there's no product or the product is tied in with recruitment.
While you do make money recruiting in IM Mastery Academy you can make money without recruiting by selling the courses for a commission.
Additionally, the compensation requires a certain amount of retail sales to earn any money.
So if you just recruit, recruit, recruit you won't get paid.
Success Will Be Rare Here
MLM's get a lot of hate. In fact, there's entire online communities devoted to making fun of people that join them.
The reason so many people hate MLM's is the success rate is so low and most people know someone that's been ripped off by one. Or most people have been approached to join one which can be annoying.
Overall, across the entire MLM world, most people lose money when joining a MLM and many studies show up to 99% don't make more than they invest.
The lucky 1% that do make money usually make less than a couple hundred a month too.
IM Mastery Academy actually provides a income disclosure statement where they show how many people have joined and what percentage are making money and how much money.
Below is the chart with the information:
Total IBO are people that paid to make money by selling IM Mastery Academy courses and to be able to build a downline.
45,922 out of 52,706 make on average $52 a year. That's 87%.
The next group which makes up 7.5% of the distributors make on average $295 a year (less than a dollar a day).
So we're up to 94.5% of people that join this company making less than $1 a day.
Only .2% (2 out of every 1,000) people that join this company will make more than $33,542 on average for the year.
As you can see there's such a small chance of making money here and it's just not worth your time or effort.
Here's some even more eye opening stats about MLM's in general:
MLM's are just not a good way to make money.
How Much To Join?
In order to join IM Mastery Academy you have to purchase one of their two Starter Packs.
The two packs are:
- Platinum Starter Pack ($225): Comes with the Mastery Academy, goLIVE, and harmonics scanner and piptalk.
- Elite Starter Academy ($325): This comes with everything in the Platinum Starter Pack as well as more add ons.
In addition to buying a starter pack there's a few more requirements to be eligible to participate which includes being 18 or older, reside in countries where the company is licensed to operate (US, Canada, Australia), have a valid tax number, etc.
Previously this company didn't seem to be registered to operate in any country which means they were committing security fraud. It does, however, seem like they fixed that.
Want To Start An Online Business?
I've reviewed all the best courses that teach this.. to see my favorite, click below:
IM Mastery Academy Compensation Plan
I couldn't find IM Mastery Academy's compensation plan on their website which usually is a red flag. I did, however, piece together the plan after researching.
I don't think it's important to know every small detail and will instead summarize the most important parts:
At IM Mastery Academy there's 11 different IBO ranks that you can achieve and you move from one rank to another by hitting certain goals (recruitment and retail sales goals).
You also get bonuses for going from rank to another.
The graph below represents the different ranks you can achieve and what it takes to move up:
GV means group volume and is the total amount your downline sells. Qualified subscribers is the amount of retail customers you have.
So to go from rank one to rank two you'd have to go from 435 to 1740 GV and 3 subscribers to 12 subscribers.
Most people won't get past the first rank and basically nobody gets to the last one.
You get a commission every time you recruit someone into your downline and they buy on of the starter packs. You get $50 if someone gets the Elite Starter Pack and you get $35 if someone gets the Platinum Starter Pack.
You also get paid when a person you recruit recruits someone and they buy a pack. You even get paid when your recruit recruits someone and they go onto recruit someone that buys a pack.
The graph below shows how much you'll make:
Residual income is the money you earn passively and IM Mastery Academy rewards retail sales up to 3 generations.
You have to have 3 active customers that you personally referred into the program to be eligible for these commissions.
Once you get 3 customers you can make $150 per month.
Once you hit 12 customers (either personally referred or referred by someone in your downline) you can make up to $600 a month.
Once you hit 30 customers (either personally referred or referred by someone in your downline) you can make up to $1000 per month.
This goes on until you reach up to 30,000 subscribers where you can make $125,000 per week.
You aren't eligible for commissions unless 55% or more are retail commissions (this prevents a pyramid scheme from forming).
IM Mastery Academy Products
IM Mastery Academy products revolve around Forex trading which has to do with trading foreign currencies.
There's many products you can get here and you can either buy a bundled package (the Starter Packs) or get the main product (IM Mastery Academy) and pay add ons.
Here's what you get if you decide to get the bundled packages:
Here's a brief overview of each product:
IM Mastery Academy
This is the main course and comes with over 100 videos. It takes a newbie to an intermediate in forex training. There's other tools to help you out in trading as well.
Harmonics is a product that helps you get insights and analysis in forex markets.
This an algorithm that helps you make trades.
This is another algorithm but instead is geared towards long term trading.
This is a tool that helps develop trading strategies for you with analysis needed on your part.
This is an algorithm that helps find entry points, stop loss and take profits.
This is a product that helps correlate trade strategies.
This is a tool that searches for and identifies entry points for different markets.
This is a tool that shows you real time trade ideas and market analysis to your phone.
This is an algorithm that identifies reversal zones in different time frames.
This is another tool that sends trade ideas and market analysis to your phone.
This is a tool dedicated to finding trade ideas for binary options.
What I Like About IM Mastery Academy
There's a few things I like about this company including:
- Good products: I don't know anything about Forex but they do offer a lot of products and trainings. If you're into Forex I'm sure you'll find it all very helpful.
- Good compensation plan: Another thing that I like is the compensation plan has a good focus on retail sales and requires you to have 55% retail sales to be eligible for commissions. This may not seem important but it's is - it keeps a pyramid scheme from forming.
What I Don't Like About IM Mastery Academy
Overall there's more to dislike here than to like and the main things I like are:
- Low success rate: At the end of the day there's not a lot of money being made here. 87% of the people that join this company only make $52 for the entire year and basically no one makes a full time income here.
- Complicated market: Many MLM's sell health products or stuff like that. Forex is confusing and you'd have to find retail customers that are smart enough to trade currency and have the inclination to do it.
- Bothering friends and family: In order to make on average $30,000 a year you'd have to have 225 active retail sales. How are you going to make these sales? You can approach friends and family but that'll only get you so far (and annoy them). There's a reason most people don't make money here. It'll be very, very, difficult to find 225 people to sell to and to keep around.
Is IM Mastery Academy A Scam?
There's a difference between a scam and a bad business opportunity. Now at one point this company was a scam and would be considered a pyramid scheme.
However, in the last few years IM Mastery Academy (iMarketsLive) has done a good job fixing most of the major problems.
Now retail sales are absolutely necessary to make money and there's plenty of real products here to sell.
Also, it seems they are now registered with the proper regulatory bodies in the countries they operate in (or at least say they're registered with these bodies now).
But there's one inescapable fact about IM Mastery Academy - basically no one is making money.
And at the end of the day, isn't that what you're trying to do here? Aren't you looking for a way to make money?
Are you looking to make under a dollar a day?
Of course not.
But unfortunately that's most likely what's going to happen if you join this company.
Here's A Better Opportunity
Hopefully by now you've decided IM Mastery Academy isn't right for you.
However, there's still plenty of ways to make money from home and online.
I started making money online as a complete beginner and have made over $100,000 since.
To see how, click below:
this has got to be the worst review I have read so far. You’re giving an opinion on an academy you did not join so your review is not valid. Nor do you know anything about Forex. I on the other hand have joined IM as a STUDENT and not as a IBO. I make money trading forex with the skills I learned from the academy. In fact, I have gotten so good that now I teach people how to make money without selling or recruiting by becoming a forex trader. Reading your review made me want to vomit, especially after giving us a sales pitch. No one wants to buy your product if you don’t stand on honesty and integrity.
The main way to make money here is through recruitment.
That’s what I’m working to understand.
Seems like a sells pitch yet learning to trade. Has to make some type of money daily.