School of Financial Freedom

Is IM Mastery Academy a Scam – An In-Depth Review

Is IM Mastery Academy a Scam

Maybe you’ve heard about iMarketsLive before? Well, it’s not a surprise because iMarketsLive was the name of this company before IM Mastery Academy. They changed their branding name during the last convention that happened in Dallas on the weekend of September 14-15th, 2019. By the same time, they decided to add new features in their trading program.

According to IM Mastery Academy, it has never been so easy to become a trader in 2019 with all the tools and training they provide. Still, trading stays a tough job and not meant for everyone. Only the ones with a compelling mind will be able to succeed as a trader. 

Now, after some more research on the web about this company, SOFF is asking one question: Is IM Mastery Academy a Scam? Since iMarketsLive has been reviewed in the past, in this review, I want to highlight the new features of this company and some other information that could help us tell if IM Mastery Academy is a scam. Without any further due, let’s dive in!

General Information


Name: IM Mastery Academy
Founder: Christopher Terry
Website: www.imarketslive.com (it is still under the old name, but its website has changed)
Price: $225 for the first month and $165 after (platinum package)
Rating: 3.2/5

About The Founder: Christopher Terry


I have to admit that when I’m looking for a new company that promise I will make money, I need to know what is going on at the top. I need to know that it is safe and where it comes from. That’s why I wanted to take a more in-depth look at the founder Christopher Terry. He has a bad reputation on the web, and I thought that exploring on him would be maybe an answer to say if IM Mastery Academy is a scam. I don’t mean he would be the only reason if so, but let’s say that having a corrupt CEO is not suitable for the reputation of a company…

After doing some research, I was surprised to see that there is not much information about him, not even a Wikipedia page! And we know how it is not long before a wiki page appears on something when it comes out. So this was my first little light on ”hum that is weird”. 

Still, I continued searching, and I found a website dedicated to him: whoischristerry.com. There I could find some information on his past career such as he’s been in the construction world, in the beginning, owning his company and when he decided that he wanted a life with more freedom, he got into Forex. It took him three years before making enough money to quit his company and work full-time as a trader; he had mastered his skills to become a professional trader. Until now, it all makes sense.

If this information is legitimate, after being into Forex for a couple of years, he decided to teach what he had learned to others. He started in 2001 to speak at conferences and for small private groups that were interested in learning to trade.

It’s in 2013 that he founded iMarketsLive. I didn’t find any other information about WHY he decided to start this company, but my wonder is: if he was already teaching his knowledge since 2001, why create an MLM company? My answer is: to make more money? But why, MLM? Maybe to make even more money?

 

So, he doesn’t seem to be a bad person; in fact, I think we can all learn from him. Also, I learned recently that he’s giving live conference on Sunday night every week. I think it is a cool thing from the founder to be active in the company and show he cares. 

What bugs me is the MLM thing, but I think I can overcome this with the experience and knowledge this person has. 

What IM Mastery Academy Has To Offer


Is IM Mastery Academy a Scam

Since iMarketsLive has only changed its branding name to IM Mastery Academy, many tools offered are still there, and a couple more were added. In this present review, I will take a look at the new tools provided. If you are interested in knowing more about what already existed before in more detail, you can take a look at my review about iMarketsLive where I describe them. Since I didn’t test these tools if you don’t mind the explanation given is the one you can find on their website. Also, if you don’t care about their products and you want to know if this is a scam you can jump to the next chapter about their business model.

Let’s start with the first tool called Delorean. ”An algorithm that gets you in the right place at the right time with hundreds of market opportunities to help you find your own style.” I understand that this tool helps you find out about the different strategies that exist and choose the right one for you. – It costs $21.95 as an add-on.

Another one is called Steady. ”This algorithm looks for long term, swing trade ideas that you’ll be able to set and forget.” If you don’t feel like trading every day or every hour, I guess this tool could be helpful. – It costs $21.95 as an add-on.

Vibrata. ”This tool provides multiple strategies that look for trade ideas for you – no analysis needed on your end, ever.” They said it; trading has never been so secure. – It costs $9.95 as an add-on.

Levels. ”An algorithm that identifies entry points, stop loss and take profits one level at a time in the markets.” Interesting. – It costs $21.95 as an add-on.

Goldcup. ”This is a combination of strategies that correlate with one another and look for high probability trade ideas.” – It costs $21.95 as an add-on.

Bounceback. ”This tool searches for and identifies the best entry points for you to get into the markets.” – It costs $21.95 as an add-on.

Pivots. ”This algorithm takes the guess out of finding market opportunities by identifying key reversal zones on many time frames.” – It costs $21.95 as an add-on.

Liberty. ”This tool focuses on finding high pace trade ideas for Binary Options.” Useful. – It costs $21.95 as an add-on.

All these tools are exciting, but it seems like a couple tools feel redundant. Maybe it’s just a feeling and it is not the case. If you have experience these tools, please feel free to leave me a comment at the end of this review. 🙂

I wanted to learn trading because I wanted to be my own boss. I wanted to make money when I want and where I want. I wanted FINANCIAL FREEDOM.

Unfortunately, trading was very risky for a beginner like me. I would have had to put a lot of money in to win a single penny even with a excellent training like the one IM Mastery Academy  provides.

Fortunately, I found a unique training to teach me how to make money. Right now, I’m on the path to success. It’s the best training I could find to learn how to make money.

IM Mastery Academy Business Model


Is IM Mastery Academy a Scam

Their business model did not change with their new branding name. It stays an MLM company with a product to offer: a trading school. Since it didn’t change, I won’t go too deep into it, but still, I can do a quick definition of what is an MLM company for those who don’t know (if you want to learn more about the MLM business model, check out my complete beginner guide here).

As Wikipedia defines it, ”an MLM or Multi-level marketing, also called pyramid sellingnetwork marketing, and referral marketing, is a marketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company’s products/services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system.

So if you didn’t know, IM Mastery Academy works under this business model. Although, you don’t have the obligation to share the company to others. You will only be rewarded through their compensation plan if you do. The main reason people use their services is to learn how to trade, and if they can share it with friends or family then they’ll benefit a compensation. That’s pretty cool. Does that make IM Mastery Academy a scam? No. 

They did not change their compensation plan so if you didn’t know, with three referrals under you earn $150/month, with 12 you earn $600/month, with 30 you earn $1000/month, etc. (they pay weekly so $37.50, $150 and $250 respectively). They are one of the only company paying weekly. 

The Pros And Cons


Pros And Cons - Is IM Mastery Academy a Scam

Let’s take a quick look at some Pros and Cons now so that it can help us to have a better idea of what is going on with IM Mastery Academy and if we can answer is IM Mastery Academy a Scam?

Pros :

  1. Many tools to learn how to trade
  2. Many professional traders to teach you through live webinars how to trade
  3. Team building
  4. Weekly residual income with the compensation plan

Cons :

  1. Expensive for a beginner
  2. MLM business model
  3. Many tools seem to offer the same thing, be aware of that to not pay in double

Is IM Mastery Academy a Scam


Is IM Mastery Academy a Scam

Now the big question: is it a scam

As an MLM company, we could be tempted to define it as a scam immediately, but I would not go on too fast with this conclusion. The reason is simple; they have legit selling products which are the trading courses. 

Their first goal is to sell these courses so if you are interested in knowing more about trading, you can subscribe as a customer and buy their trading tools and courses to become a trader. Talking for myself, I’m really interested in learning trading because I want to add another source of income to my wallet so definitely this course is on my list. What is interesting is that you can try it for one month and then leave if you don’t like it.

Next, about Christopher Terry there isn’t many information, but he seems like a dedicated guy who wants everyone to succeed (I hope so). Since the company is still young, we’ll see in the next years how it will go and if it continue to grow as fast as it does right now.

Important thing I’d like to point out!

If you are a beginner in trading and you’re not ready to invest $225 for one month (and I totally understand that), I suggest you to learn the basics of trading online via free websites (for example, Babypips). IT WON’T MAKE YOU A GOOD TRADER, but at least you’ll have a better idea of what it is and then, you could buy a course to become a real trader! 

Another thing you can do is to read Trading in the Zone from Mark Douglas. Amazing book, I loved it! Again, it is not the ONLY tool you need to become a good trader but it is one of them. The more you know, the more you can become a unique trader. 🙂

So is it a scam? I suggest you to watch this video if you are really wondering what’s going on inside. This guy tried it for a couple months and he talks about his experience.

BUY TRADING IN THE ZONE ON 

Alternative to Make Money


Why are you interested in IM Mastery Academy? To learn how to become a trader or to make money
 
If the answer is to make money then I want to share with you an alternative which is affiliate marketing. This is personally what I decided to do since trading involves a good amount of money depending on the course you take and if you go live quickly. With affiliate marketing, you can start your business for $0.
 
I took a course on affiliate marketing called the Online Entrepreneur Certification, because I knew nothing at all about this and it taught me many things. It changed my life and now, making money has never been so accessible to me. This course is given by the platform Wealthy Affiliate and the first lesson is completely free. It gives you the chance to see if you can like it! But it also gives you the opportunity to see how much money can be made online and this is completely insane.
 
It changed my life and it can change yours too.

If you have any comments, experiences or questions, feel free to leave them below! 🙂

Your friend,

Audrey

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19 thoughts on “Is IM Mastery Academy a Scam – An In-Depth Review

  1. Thanks for a very thorough review of IM Master Academy. I hope that anyone planning to join them would read this first. I think it is not a good place to put your money because MLM business model is often means that you end up spending more money than you earn. I agree that Wealthy Affiliate is a much better option.

    Regards,
    Joonas

    1. Hi Joonas,

      Glad you appreciated my review. You hit a good point, with MLM companies it can be very long or even impossible to see your money back. Wealthy Affiliate gives you a different opportunity that goes with your own rhythm and help you discover all the secrets of online marketing. Possibilities to make money are infinite!

      Thanks for sharing 🙂

  2. I had never heard of this man or his company. Just as well, since it’s WAY out of my price range! It was a fascinating read, anyway. It makes me wonder why someone so successful would be so difficult to find? The companies I’m willing to get involved with have owners that are so easy to find that they’re impossible to miss! Thank you for sharing this!

    1. Hi Cathy,

      You are right, when people are successful, usually we can’t miss them! Well that’s not the case for Christopher Terry…

      $165 EACH MONTH is wayyyy to expensive since you can find many information on the web FOR FREE (I know because I am interested in Forex and I made my research 😉 )

      Thank you for sharing!

  3. Hi Audrey,

    I must say that I think the MLM model, has proven to people times without number, that this model has become obsolete, I mean traders are not supposed to charge students a pre-determined amount and then have upsells in their trading program, what Christopher is doing is completely unethical…

    We all know that legit & successful traders, teach proven techniques that they themselves use, and they would usually only have a single app and then teach their students how to successfully leverage the app to get the most out of their courses.

    However, it seems Christopher reshaped this aspect of trading a bit, by offering a lot of tools, some of which(like you said) perform the same function, just so he can get to add more upsells to his funnel, then brand it with a new name(a classic scammer move)! this technique never gets tired because it seems to work so well…which is quite sad!

    Anyway, thanks for publishing this post I really hope it reaches the right people, I’m talking about that are looking for legit ways to make money online, because I also think that wealthy affiliate is definitely a step in the right direction.

    -Kay

    1. Hi Kay,

      I absolutely love what you’re adding here! I’m glad to read that I’m not the only one who thinks Christopher is not a ”god”. People let themselves be softened by the bigger public personality without truly knowing where they come from and what their purpose is.

      I thank you for this informative comment, stay tuned for more! 🙂

    2. Thanks for the info . They are scammers . By the way I’m still searching for a good trading mentor , if you know of any please forward them to me thanks.

  4. Thank you for honest review. I am tempted by this IM mastery and they keep focusing on MLM in other words bring people in.
    I am focused on forex itself.
    Is their software good? How much do we pay?
    To do forex we need computer internet software and coach. We need forex account.
    Where does IM mastery come in ?
    Watching many videos really does not Help.
    Thanks again
    Singh
    Ps. I been scammed by investments by other programs like ACN and Saivian

    1. Hi Sibfh,

      To be honest with you, I didn’t try their software. Although, I have friends who are currently working with IM Mastery Academy, and they really like their tools and software. The fees are about $225 for the first month and $165 for the next months for the platinum package (it contains the basic to learn Forex).

      I agree with you, to do forex it’s better to have a computer, software (e.g. MetaTrader) and coaches. IM Mastery comes in to give you tools and support through your learning journey so that you can become a professional trader. As you have read in my review, there are many tools that you can use to help you understand how the market moves so that you make the right decisions. Definitely, only watching videos might not be the best solution, but it can surely be used as a complement for your learning. In IM Mastery Academy, you will find many live webinars and recorded videos made by professional traders, this can truly be helpful.

      The only thing I could say to “warn” you about IM Mastery Academy is that they focus a lot on their compensation plan which includes the MLM business model. Other than that, if you are only looking for their products, it might be interesting for you to try it for one month and see if you like it. Who knows, maybe it will suit you and you’ll recommend it to your friends and start to make money with their compensation plan! Oh and, come back here to let me know how you like it if you try it 🙂

      I hope it answered your questions and do not hesitate if you have more. 🙂

  5. This whole article makes me cringe. All that talk about MLM, when IM Mastery Academy isn’t even an MLM but an affiliate marketing company. So this is the concept: you are looking for clients for an online educational platform, when you find people that want to join, you get a commission based on your sale. You don’t own a product which you have bought from an upline or whatever. You just send your affiliate link to someone that wants to join and the company sees who made the sale so that’s why you get compensated. I do really recommend people reading and editing this page to do some more research about the difference between MLM and affiliate marketing.

    I can see from this article that the people that are behind this page just want to manipulate others in turning down opportunities just to join their own shitty system.

    Trading is not a game. You CAN’T learn the art of trading (how banks trade) FOR FREE!!! Why do you think 95% of retail traders fail? Because shitty websites like this one tell tem to go to Babypips and start learning for free! This has to stop guys. I hope your conscience starts working because the way you are doing business is unethical and unsustainable.

    I wish everyone who read this page good luck in seeing the truth, you most certainly succeeded in creating doubt in the heads of people who have no experience in business. Well done SOFF…

    1. Hi Hovhannes,

      In my research and understanding, an MLM company has “multi-level rankings” and that explains the name “multi-level marketing”. The reason why I qualify IM Mastery Academy as an MLM company is due to their compensation plan where, depending on your recruitment, you will be ranked. In other words, the more recruitment you have, the higher your rank will be. In my sense, this is a multi-level concept.

      I don’t know what you base your argument on regarding manipulation, but that was definitely not my goal. IM Mastery Academy isn’t a bad company, in fact, I know people working with them and they love it a lot. Simply, I think that for anyone looking to make money it is a good idea to stay open-minded and see all the opportunities you can have. If you think Wealthy Affiliate is a “shitty system” you have the right to think what you want, but while you think that, I’ll continue to work on my thing and make money.

      Trading is definitely not a game. I’m myself interested in trading and I know how hard it is. This is one of the reasons I recommended one of the books I read about trading which I think can be very good for a trader to read that. Babypips is a website where you can learn the basics for free. I think that if someone is interested in trading, it is a good start to know if it’s something that truly interests him/her or not instead of paying a big amount of money. If this person is still interested, definitely it would be better to buy a course to learn the technics and everything that goes with it. One sure thing is that I DON’T SAY TRADING IS EASY. Trading is not for everyone and must be taken seriously. When you’re not prepared, it is way easier to lose money than win.

    2. In fairness to IML, they do have a complete education in your back office, and they have weekly live training to back this up. They also have live trading sessions you can view, but those doing it were not very theorhetical, because one of these people named Jay Pips was the first Fusion Trader, and he lost 50% of everyone’s funds within 2 weeks. Here is Jay Pips before the began doing the handsfree Fusion Trading; https://www.youtube.com/watch?v=6NuBp8pqc7U . So you wonder how much Trading he really knew. Go on You Tube and look him up. Whatever you call it, MLM or affiliate, the idea of this Company is that you learn to trade, and use the Trading Tools to make money. All that would be good if the tools worked; they did not. They were selling these tools to us for 2-3 years and it boiled down to one tool, the Harmonic Scanner which has a degree of success. The tools that did not work which you were charged for such as Swipe Trades and Handsfree Trading known as Fusion were a disaster because they wiped out your Trading account, all while IML colled your almost $200/month subscription for these periods. The introduced many many Traders for Fusion which all failed. The least of the failures was one named Optimus Prime, and he had 60% drawdown. When IML discontinued Fusion, all those trades lost.

      The IML Model is good, but the tools failed and owners and Executive of the Company would not be reached, and if Customer Serive passed on the complaints, they did nothing about it. Had the Trading Tools worked, it would have been great, becuase the prediction was to make money from Trading using the Tools you paid for, and recruit others to duplicate what you did. The MLM or affiliate Commissions are very aggressive, and you will make lots of money from that which you are encouraged to invest into trading. However because the Tools failed, the enitre programme is considered a failure to the greater extent. I say that because there is some degree of success with the Harmoic Scanner once you invest the time to learn it well. As in all MLM programmes, you as members are NEVER allowed to discuss failures of the programme, so you sit in the weekly meetings listening to the hype and the recruitment with no venue to discuss the failures or weakness in the programme. Total waste of money

  6. This is a Company that was built on broken promises and bad results. You are encouraged to stick with it and learn Trading and the Company’s techniques and you end up staying for 6 months or longer before you realise the Trading Tools are useless.

    FX Signals is a tool that offered Handsfree Trading which although they stopped Trading, was still being advertised and you were still being billed. Then they had another “aggressive” Handsfree Trading tool called Fusion which wiped out everyone’s accounts before they discontinued it with everyone’s Trade still open which ultimately resulted in losses. It seems they just found a bunch of people who said they could Trade and just unleashed them on the Membership; because they all resulted in losses – ALL.

    Then there was Swipe Trades which is a signal outlining the key numbers in a Trade that you copy and paste to your MT4 Account. It never made any money, but in fairness, it didn’t lose much if any; but you had to pay extra for it, so what was the point?

    The leaders who were travelling and recruiting were touting the thousands and millions they were making, but many thought it was from Trading and didn’t understand that it was from the MLM commissions.

    The one tool that seems to work is their Harmonic Scanner, but be prepared to be a Trader to use it because the ordinary persons won’t be able to understand it. Many of the leaders developed their own trading skills and sometimes they said they incorporated it in their analysis.

    The nightmare goes on. What I found extremely disheartening is that when there were serious concerns especially with the trend in losses of the Fusion and Swipe Trades, none of the Upper Management was reachable because they were shielded by the Customer Service people, and the highest you could go to the top was the CS Supervisor.

    Then we discovered that IML didn’t have the right to be offering automatic hands-free trading by the US Regulators. This was after the fact that they had wiped out everyone’s hard invested Trading money, and paying months if not years of subscriptions.

    1. Hi Joe, I take in great consideration what you are saying. I have to admit I’m not that surprised since the company doesn’t seem to have a nice reputation. I’ll take a deeper look at the facts you are emitting here. What I understand is that they want more people to join than people buying their “fanstastic” products. Plus, if the only product that makes sense is not user-friendly then how is it even interesting.

      Thank you for sharing this information with us.

  7. ¿Realmente crees que mencionando a IM es buena forma de compartir tu forma de hacer negocios por internet?.

    Actualmente soy parte de IM, no hago la red y ganó muy bien diariamente.

    La parte de recomendar va evocado más para las personas que no tienen algún capital para empezar a comerciar.

    Los profesores que tengo son muy buenos, y no lo digo yo, pueden entrar a la página a nivel mundial de trading tradingview y veanlo por sus propios ojos.

    Muchas personas se dejan llevar por este tipo de blog o comentarios de gente que ni siquiera ha estado adentro.

    Dime, es coherente que yo te diga que bueno un auto de marca Ferrari bueno si es malo en algunas cosas, cuando ni siquiera he tenido uno?.

    Es la enésima vez que veo un blog o página que habla mal de IM.

    Y saben que tienen en común?.

    Simple promocionan algo.

    Pregúntenle a cualquier profesional de marketing si lo que hacen es ético.
    Saben que al hablar mal de IM , al contrario le hacen más publicidad?.

    Ser Trader no lo es cualquiera.

    Tienes no solo que tener la teoría básica intermedia y avanzada, sino también tener la mentalidad, saber que esto no es un casino.

    La mitad de persona que están en IM solo nos dedicamos a comerciar.

    La otra mitad hace ambas, y a veces los que solamente comercian, se terminan haciendo publicidad indirecta con sus resultados.

    Es muy cierto que existe personas que entran a la academia pensando que con la inscripción ya van a ganar dinero, estas personas muchas veces nunca le dieron clic a una clase, nunca se conectaron a una clase en vivo.

    Lo que me encanta es que puedes ganar si siquiera saber mucho de trading, ya que puedes empezar a copiando al inicio y encima ganas.

    Hablaría Miles de cosas sobre IM, pero la verdad ustedes tienen que vivirlo por dentro, es una experiencia inolvidable.

    Todo persona que quiere ser Trader profesional necesita desarrollar una mentalidad superior a la de una persona normal, que mira tv todos los días que piensa negativamente, etc.

    En conclusión el ser Trader no es para todos, tienes que empezar a cambiar tu mismo.

    Y como toda inversión siempre hay un riesgo.

    Me encanta que la academia desarrolle talleres presenciales de trading y de liderazgo, es lo mejor , lo que te ayuda a qué te empieces a educar en este mundo de las inversiones y el emprendimiento.

    Duplique mi capital en 15 días, esto no es un juego
    Sino estudias no obtendrás resultados.

    Sino te enfocas solo serás un perdedor más.

    Te hablo como alumno de esta gran academia, no quiero convencerte absolutamente de nada, solo informarte que mientras hay demasiados haters que hablan y hablan, hay personas adentro que con operaciones, con maratones de trading se andan forrando en dinero.

    Seamos más sensatos no podemos guiarnos de personas que cuelgan un post como este y dan a entender ” No he estado nunca pero a mí opinión”.

    Y lo que más me sorprende son las personas que creen en estos post.

    Te dejo un dato amigo el Ceo de la compañía da la cara , y está en más 7 libros de trading.

    Aléjate un poquito del internet antes de averiguar ciertos datos, acuérdate que antes de toda la revolución informática existían los libros.

    Muchos al inicio no creían , y cuando entraron cambiaron sus vidas, si es que tenían capital solo son alumnos y algunos ya apunto de ser Master Traders.
    Otros entraron y a las justas tenías para la inscripción, actualmente tienen buenos rangos por el marketing y también multiplican ese dinero en los mercados financieros.

    IM es un vehículo creado para todos, solo depende de la persona que entre, si realmente quieres progresar y cambiar al menos entrarás a las clases aprenderás y ganarás y sino tiene capital al inicio pues promocionará y luego entrará con capital a los mercados financieros.

    Vuelvo a repetir no desarrollo la red.

    Pdt: varios de los profesores top Traders que figuran en el ranking se formaron en esta academia.

    Y sino sabes el Ceo Christopher , da clase los domingos.

    Saludos amigos, espero les haya servido mi comentario y no se dejen guiar por todo lo que ven en internet.

    1. Hola Jorge,

      Estoy muy feliz de que un miembro de IM me dé su opinión sobre la compañía. De hecho, me dio la idea que estaba buscando ya que estoy interesado en el comercio.

      Sin embargo, lo que me molesta es el precio que cobran mensualmente. Me resulta costoso para un novato como yo y no puedo decir si realmente valdrá la pena, ya que todos los que hablan de esta compañía son solo redes y realmente no hablan de los productos.

      Dado que mi primer objetivo era desarrollar una forma de ganar dinero, esta es la razón por la que fui con el marketing de afiliación. Definitivamente es más seguro y menos costoso.

      ¡Y esta es la razón por la que decidí compartirlo con otras personas que leen mi reseña! ¿Por qué no compartir algo que funciona para mí?

      Los bloggers son personas que comparten opiniones e intentan ayudar a las personas a ver cosas que tal vez no vieron. No estamos allí para dar el camino absoluto. No somos perfectos Estamos allí para ayudar a las personas con nuestras opiniones. Aún así, no somos nosotros los que tomamos la decisión final, los lectores lo hacen y son libres de hacer lo que quieran.

      Gracias por compartir tu opinión con nosotros.

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