Certainly! Here’s a more engaging introduction for your IM Mastery Academy review:
“Unlocking the Secrets of Forex Trading: IM Mastery Academy Review | Can You Truly Master Forex and Reap Massive Profits?
In the world of investments, where risks often come hand in hand with potential rewards, there’s a bold claim circulating the market. IM Mastery Academy is shaking things up with promises of extraordinary profit gains through their revolutionary Forex trading courses and strategies.
But, in this IM Mastery Academy review, we’ll dive deep to answer the burning question: Is IM Academy the golden ticket to mastering Forex and making your financial dreams a reality?”
IM Academy Full Overview
My IM Academy full overview review is going to uncover the truth about this educational forex market platform whether it’s really true to its promises, or what has it been hiding for years. Let’s find out.
- Product Name: IM Mastery Academy
- Founder: Christopher Terry and Isis De La Torre
- Product Type: MLM and Forex trading educational programs
- $234.95 FRX Mastery Academy
- $284.90 DCX Mastery Academy
- $234.95 ECX Mastery Academy
- $234.95 HFX Mastery Academy
- $324.94 ELITE Master Academy
Plus 18+ monthly subscription optional add-ons or strategies with prices ranging from $10 up to $109.95. These prices are updated as of this writing and they are subject to change.
- Best For Mid to advanced forex traders and network marketers
- Ratings 3.5
Please keep in mind as you read my IM Mastery Academy Review, that I am not a member or an affiliate of IM Mastery Academy. This review is based on research and information available online in the public domain. Any opinions and conclusions may not apply to all persons or situations. So read this review in its entirety and you make your own decision. It might even be helpful to read other IM Mastery Academy Reviews.
What is IM Academy?
IM Academy is an MLM company that offers educational courses and tools for Forex trading. It also offers a compensation plan for members to earn commissions for inviting other people to join. On the surface, IM Academy seemed to be a good platform where you can improve your trading skills in the financial market and potentially earn profit from investing in the Forex marketplace.
However, their membership plans are expensive compared to similar platforms. There are also claims that their supposedly member-exclusive Forex trading lessons could be found free on other platforms. IM Academy is also heavily focused on recruiting more members.
This gives us the impression that it could be a pyramid scheme in disguise. But before we pass any judgment, let’s talk more about IM Academy. It is up to you to decide if it’s worth your valuable time and hard-earned money.
Forex trading is the act of buying and selling currencies in the global market. It is one of the most popular and accessible forms of trading, as it offers many benefits such as high liquidity, low barriers to entry, and 24/7 availability.
However, forex trading also involves significant risks, such as volatility, leverage, and fraud. Therefore, mastering forex trading requires a lot of knowledge, experience, and discipline.
IM Academy: How Do You Master Forex
Are you looking to delve into the world of Forex trading and wondering how to master it effectively? IM Academy might be your answer. In this comprehensive guide, I’ll take you through the ins and outs of IM Academy and how it can help you become a Forex expert.
Can You Master Forex with IM Academy?
Experience is the first and foremost factor that determines your success in forex trading. Experience means having firsthand or life experience on the topic you are trading. For example, if you are trading the EUR/USD pair, you should have a good understanding of the economic and political factors that affect both the Eurozone and the United States.
To gain experience in forex trading, you need to practice regularly on a demo account before risking real money. A demo account allows you to trade with virtual funds and test your strategies in a realistic market environment. You can also learn from other experienced traders by following their blogs, podcasts, or social media accounts.
Expertise is the level of skill and knowledge you have on forex trading. Expertise means being able to analyze the market using various tools and techniques, such as technical and fundamental analysis. Technical analysis involves using charts, indicators, and patterns to identify trends and signals. Fundamental analysis involves using economic data, news, and events to assess the strengths and weaknesses of a currency.
To develop expertise in forex trading, you need to educate yourself constantly on the latest market developments and trends. You can use various sources of information, such as books, courses, webinars, or forums. You can also use trading platforms that offer advanced features and resources, such as charting tools, news feeds, or signals.
Authoritativeness is the degree of trust and recognition you have in the forex trading community. Authoritativeness means being able to demonstrate your credibility and reputation as a forex trader. For example, if you have a website or a blog where you share your trading insights and results, you should have positive reviews and feedback from your readers and followers.
To establish authoritativeness in forex trading, you need to build your online presence and network with other traders. You can create your own website or blog where you showcase your trading portfolio and performance. You can also join online communities and forums where you can interact with other traders and exchange ideas and opinions.
Trustworthiness is the most important component, as it affects your overall quality and reliability as a forex trader. Trustworthiness means being able to avoid or minimize the risks and challenges that come with forex trading. For example, if you are using a broker or a platform to execute your trades, you should ensure that they are licensed and regulated by reputable authorities.
To ensure trustworthiness in forex trading, you need to follow the best practices of risk management and security. You should always use appropriate position sizing, leverage, and stop-loss, and take-profit orders to control your losses and protect your profits. You should also use secure passwords, encryption, and antivirus software to safeguard your personal and financial information.
Understanding IM Academy
IM Academy is a leading educational platform in the Forex industry. It provides a range of courses and resources designed to equip both beginners and experienced traders with the knowledge and skills needed to excel in the Forex market.
Getting Started with IM Academy
IM Academy is an online educational platform company founded by Christopher Terry and his wife Isis De La Torre in 2013. Its office is currently based in New York, NY, US but they also operate in the UK.
To kickstart your journey to becoming a Forex pro with IM Academy, you first need to sign up. The process is straightforward, and there are no stringent prerequisites, making it accessible for beginners.
The platform teaches Forex trading, digital currency, and e-commerce, and offers forex trading tools and high-frequency techniques.
Let’s talk about the founder, Christopher Terry. He has been known as a Forex trading expert since the early 1990s. But before he started with Forex trading, he joined Amway, a well-known MLM company, while working in a construction company. Although joining Amway did not earn him a lot of money, he gained the skills he needed to start his own network marketing company.
Fast forward to 2013, he founded iMarketslive which immediately dominated the direct selling industry and attained a global reach in over 120 countries. He later started IM Academy together with his wife. And now his net worth is reportedly around $2.62 million.
IM Academy is formerly known as iMarketslive or International Markets Live, Inc. If you have been interested in Forex trading for a while, you may have heard a lot of things about iMarkets-live, both the good and the bad.
The iMarketslive is known for being a Forex MLM and is oftentimes called a pyramid scheme and a scam. IM Academy has the same mechanism just like its predecessor. This background gives it a shady reputation and it could also be a potential scam.
How does the IM Academy work?
IM Academy works like any other online education platform, except, for one thing, you need to recruit other people. If you want to join, you can visit their website, and then choose a membership, and then checkout. You can also take advantage of the free membership by recruiting two other people.
You can choose to be a customer, an IBO (Independent Business Owner), or both. You can think of IBO as a full-time recruiter instead of learning about Forex trading. The more people you recruit to join IM Academy, the more commission you can make monthly. Do you see where this is going?
IM Academy has a uni-level compensation plan. The highest ranking is the Chairman 500 rank which can net you $500,000 per month. To reach this ranking, you need to recruit 30,000 people to join IM Academy. To put it simply, you need to recruit more people to climb up the rankings and earn better commissions per month.
is iM Academy a good side hustle?
The short answer is yes. If you’re looking for a side hustle that will help you build wealth, IM Academy might be what you’re looking for. But there are some red flags here. First, it’s a very competitive market out there. So how do you stand out from all the competition? By offering something unique.
Perhaps you can or can’t make money with IM Mastery Academy. Forex trading is a high-risk investment. Even if IM Academy provides trading signals on when and where to invest your money according to their “experts”, there is no guarantee that you will be successful.
Also, IM Academy will not be held liable for any financial loss or damage incurred after your investment. This is clearly stated in their terms. Therefore, you can only treat them as your guide but whether to invest or not, will be entirely your decision to make.
How To Make Money With the IM Academy?
Since IM Academy is an MLM company, the best way to earn money with them is through recruiting. But to do that, you need to invest time and money to convince other people to join.
You can start with your family and friends, and then start marketing IM Academy to other people.
Social media is a good platform to promote IM Academy for free. But there are times when you have to go out and meet other people in person. So be ready to spend money on travel expenses and food. Since you want them to sign up, it’s going to be your treat.
Recruiting other people is easier said than done. It can be really difficult, especially for those new to networking. You should also be ready to lose some friends along the way since not everyone welcomes this idea. It’s best if you have a group of friends or acquaintances who are networkers as well. Generally, they are supportive of each other’s MLM business.
The Pros & Cons of IM Academy Mastery
Despite IM Academy’s promises and testaments, it still has its pros and cons. Here are some of them that you need to know before you know.
- A good platform to learn about Forex trading
- Learn from trading coaches at live events and seminars
- Access to analysis tools to help improve your trading strategies
- Lucrative compensaion plan
- 7-day money-back guarantee
- Plenty of negative complaints and a low trust rating
- Heavily focused on member recruitment
- Expensive membership plans
- Overhyped marketing
- Reports claiming that educational videos can be found on other platforms for free
- Possible pyramid scheme
Any Negatives? Any Lawsuits against IM Academy?
There’s a notable lawsuit connected with IM Academy. Its other platform, fx signal-slive, was found to have violated the Commodity Exchange Act by the CFTC or the Commodity Futures Trading Commission between March 2017 and March 2018. The fx signals-live is owned by International Markets Live, Inc. It provided a platform that allowed its customers to automatically mirror forex trades from IML’s website by their traders.
Actual forex trades were made from around 500 customers’ accounts without their discretion. Therefore, fx signals-live acted as a commodity trading advisory or CTA and violated the Commodity Exchange Act.
It was also found that the owners never registered with the CFTC. And because of this violation, the fx signal-slive was shut down in Sept 2018. Christopher Terry was also involved with Zeek Rewards, a now-defunct pyramid scheme shut down by the FTC for fraud in 2012.
IM Acadamy received warnings in Spain and France and was banned in Belgium. It is also rated F on the BBB website with more than 1000+ complaints in the last 3 years. Most of the complaints were about losing a lot of money during the time that they were with IM Academy.
Some former members have also complained about not receiving their refund despite numerous attempts and despite the 7-day refund policy. Up until today, many of them are still waiting for their refund.
Is the IM Mastery Academy Legitimate?
IM Academy is a legitimate company. Its platform offers educational courses that teach forex. And it also offers an MLM scheme for you to earn money from recruiting others.
Some people said IM Academy helped them increase their profit from trading. But the negative experiences of many people outnumber the good ones. So it makes you doubt whether the good reviews were authentic or paid ones.
Can You Really Master Forex Trading with IM Academy?
The truth is that there is no way to master forex unless you learn from someone who has done it before. If you want to become successful in forex trading, you need to join a reputable academy like IM Academy.
IM Academy’s Forex Courses
In the basic level courses, you’ll gain a solid understanding of the fundamentals of Forex trading. Topics include currency pairs, market analysis, and risk management. Building a strong foundation is crucial for success.
Moving on to the intermediate level, you’ll dive deeper into technical analysis. You’ll learn about chart patterns, indicators, and trading strategies to enhance your trading skills and decision-making.
At the advanced level, IM Academy focuses on risk management and advanced trading strategies. These courses prepare you for real-world trading challenges and help you minimize risks.
IM Academy offers a plethora of resources to aid your learning journey. Webinars, videos, tutorials, and live trading sessions are available to enhance your knowledge continuously.
IM Academy Community
Being part of the IM Academy community offers networking opportunities and support from fellow traders. Interacting with others can provide valuable insights and motivation.
Real-Life Trading Experience
IM Academy bridges the gap between theory and practice by offering demo accounts and simulated trading. These tools allow you to apply what you’ve learned in a risk-free environment.
The success stories of individuals who have mastered Forex through IM Academy are inspiring. They showcase the potential for financial success with dedication and education.
Troubleshooting and Common Challenges
In your journey to mastering Forex, you might encounter challenges. Common issues include emotional trading and lack of discipline. Stay focused and stick to your strategy to overcome these obstacles.
You will be taught how to trade using different strategies such as trend following, swing trading, day trading, scalping, etc. These strategies are proven to work in real life.
IM Academy Membership Options
IM Academy offers various membership levels with different costs. Choose the one that aligns with your goals and commitment. Investing in education is an investment in your future.
IM Academy is a valuable resource for those aspiring to master Forex trading. It provides a structured learning path, a supportive community, and real-world trading experience. Whether you’re a beginner or an experienced trader, IM Academy can help you sharpen your skills and achieve financial success.
I don’t have anything against MLM companies but I do not personally recommend them. MLM schemes provide a lot of risks and with Forex trading, it’s a deadly combination.
There’s a high chance that you could experience massive losses with little to zero gains. So if you don’t have the money you’re ready to lose, maybe it is better to stay away from it.
If you would like to make money from any investment or trade, it’s best to seek advice from an independent professional. Forex trading is not something you can learn overnight, as you would see in other IM Academy reviews. It takes several months to years to finally master it. It’s the most volatile market, so even the most experienced traders can lose.
And if you’re someone who has networking experience, maybe joining an MLM company is for you. Otherwise, you can find money-earning opportunities online that have low risk and do not require you to recruit people.
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