iMarketsLive Review: Pyramid Scheme or Scam?

iMarketsLive Review: Pyramid Scheme or Scam?

Today we will be reviewing a company iMarketsLive. Is iMarketsLive the real deal? Find out in this iMarketsLive review.

Tensions have reached a new peak with today’s events. There’s the epidemic, and there’s an escalating danger to world peace. I wouldn’t be shocked if you’re now stressed because of your overthinking.

Many individuals are concerned about what the future may hold. This is why individuals put forth so much effort to retain their employment in order to maintain their financial stability.

After all, it seems that the only way to assure that you will be able to live in comfort in the event of a calamity is to have a solid financial foundation.

From the viral epidemic, I believe we learnt something significant. You should always be prepared for the worse since you never know what can happen.

However, despite our best efforts, things still happen that are out of scope of our control.

One of the reasons for the rise in popularity of side jobs in recent years is because of this. You can basically do anything you want and earn money doing it, whether it’s through investing in real estate, trading, or anything else.

What brought you to this iMarketsLive review is the prospect of making some money on the side. Luckily for you, I did my research, so I’ll be able to tell you whether this program can help you find your way to financial freedom.

Before you decide to commit to this, you should read this iMarketsLive review first. You should check if it is worth your time before you pay for it.

DISCLAIMER: This is a fully independent review. I’m not affiliated with the company in any shape or form whatsoever.

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iMarketsLive Review: Quick Details

  • Name: iMarketsLive (now IM Mastery Academy)
  • Website: https://im.academy/
  • Niche: FOREX Trading
  • Owner: Christopher Terry
  • Recommended?: No, there are better ways to make money that involve less risks than this one.

What is iMarketsLive?

iMarketsLive Review: Logo

iMarketsLive (a.k.a. International Markets Live), now rebranded as IM Mastery Academy is a FOREX (Foreign Exchange) trading network marketing firm. This trading program is intended to assist currency traders in making money by locating trading opportunities. However, if you are not cautious, you might lose a lot of money.

It’s really just another one of those earn money online schemes that revolves on selling a rudimentary membership that claims to make you money by betting on with fellow crypto/stock bros.

iMarketsLive claims that it can teach you how to become a six-figure day trader. However, for most people who are bound by finances and school debts, it is absolutely out of reach.

That’s the sad truth, unfortunately. Turns out that pursuing the next big thing you can find on the internet isn’t going to make you wealthy.

On the hand, as soon as I began researching this organization, I uncovered a slew of user reviews and concerns alleging that IM Mastery Academy is primarily concerned with recruiting individuals into an MLM/pyramid scheme-type of business.

The distinction between a pyramid scheme and multi-level marketing is relatively small.

A pyramid scheme has no product or service to sell and is primarily focused on recruiting new members into a downline. Multi-level marketing companies, on the other hand, follows the similar approach but peddles goods and services.

iMarketsLive was founded in 2013 by Christopher Terry. He currently serves as the CEO.

Who is Christopher Terry?

iMarketsLive Review: Christopher Terry

Christopher Terry is the President and CEO of iMarketsLive.

When it comes to discussing how he rose through the ranks of Forex trading, he is more than willing to tell you his life story. Looks like he has made a lot of big, successful trades in his career.

Christopher Terry has a net worth of about $2.5 million dollars.
That’s not bad, actually.

When I went looking for information about him, I was startled to discover very little information. Fortunately, I discovered multiple public domain materials suggesting Christopher’s occupation as a builder. To put it another way, he was an ordinary joe before.

He came upon Forex one day and decided to make it his profession. He worked for a few years before earning enough money to leave his job and focus only on Forex.

He began to teach others what he had learnt after a few years of working in Forex, according to reports. He’s been giving talks on trading at conferences and to small groups of traders since 2001.

In addition, I just found that he hosts live conferences for the company every week on Sunday evenings. The founder should be involved in the firm and demonstrate that he cares.

In general, he looks to be a regular guy who chose to create an MLM since he realized the advantages of doing so.

How Do MLMs Work?

MLM stats

I feel like I’ll be leaving you in the dark if I don’t include this section in the review. After all, this may be your first encounter with a multilevel marketing company. It would be unfair not to explain how a multilevel marketing company operates.

I suggest reading the full article if you’re inexperienced with MLMs. This section is effectively a crash course on multi-level marketing, so as you read on, you can put what you’ve learned thus far to good use.

You may also pass on your newly learned information to people in need, which makes for an excellent conversation subject.

MLMs are fully aware of their lack of exposure. One of their marketing methods is to do just that.

Individuals are enticed to join by providing incentives, such as a permanent discount on merchandise being sold, and then encouraging then to do free advertising labor.

They entice them by convincing them that the products they’ll be selling are revolutionary, and that people would rush to purchase them. This misleads people into believing that product sales would come easily to them.

Because gullibility is not a crime, those who trusted MLMs are not to blame. At some point in our lives, we’ve all believed something that turned out to be wrong.

What we should concentrate on are the businesses that jeopardize people’s financial circumstances. They seem to be just thinking about themselves. As long as gullible people give them money, the cycle of deception will continue.

Please help spread the word. MLMs aren’t worth anyone’s money and attention.

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IM Mastery Academy Overview

In this section of the iMarketsLive review, we will be looking at the educational products that the company is offering.

FRX Academy

In this package, you will learn how to interpret currency fluctuations, various forms of chart analysis, how international markets work, and the best techniques for entering forex transactions.

Elite Academy

This package will provide you with the most affordable access to the FRX, DCX, and HFX courses.

HFX Academy

HFX Academy will guide you with mastering the concepts of indexes, bonds, stocks, as well as currencies.

DCX Academy

This is all about usingthe digital currency market to your advantage. In here, you learn about how the market works, the many sorts of digital currencies, and how to get a firm grasp on how to use them.

ECX Academy

ECX Academy will teach you all about eCommerce, and includes live sessions with coaches as well as curated strategies to help you master it.

How Can You Make Money in IM Mastery Academy?

On this portion of the iMarketsLive review, you will be learning about the ways  you can utilize to make money in the company.

The primary goal of IM Mastery Academy is to educate you how to do Forex trading. To put it another way, you may profit by buying and selling currencies at their current market value.

However, according to several reviews about the company, the members’ area places a great emphasis on recruiting every new client to work as a sales representative.

In other words, being an MLM company proves to be more lucrative, and the Christopher Terry is well aware of this.

As a result, the concept is straightforward. You join and get access to promotional tools, connections, and other resources.

These may then be used to find new members. Your downline grows with each new member you recruit in the company.

You construct a new level below you every time your first tier acquires a new member. This may happen on numerous levels.

iMarkets Live was the name of the IM Mastery Academy. At the time, it was all about enlisting as many people as possible and teaching others how to do the same. If you aren’t aware, this business strategy is unlawful and labeled as a fraud.

As a consequence, iMarkets Live decided to rebrand into IM Mastery Academy. This rebranding is accompanied by a new marketing approach.

A variety of tools and coaching programs were designed to disguise the pyramid scheme and shift to the legal side of the business.

However, their business strategy hasn’t changed at all.

Even though you may purchase things on the official website, you will be still be asked to become a promoter and potentially make money by referring people to IM Mastery Academy.

IM Mastery Academy Compensation Plan

There are three ways to make money in this company. I will be explaining them to you in this section of the iMarketsLive review.

Residual Commissions

These commissions are calculated depending on the team member’s position and the amount of individuals they recruit.

Fast Start Referral Commissions

The compensation plan of IM Master Academy is built on affiliate and retail sales.

You may also benefit from the company’s so-called fast start commissions on two more levels. These are monitored and paid to you via the unilevel compensation plan.

Other Bonuses

You’ll earn a bonus every time you’re promoted. The higher your level and the bigger your benefits are, the more individuals you can attract.

Is IM Mastery Academy a Pyramid Scheme?

So, I think you now understand why this business is can be likened to a pyramid scheme.

However, while IM Mastery Academy sells digital goods, it isn’t really a pyramid scheme. It’s a multi-level marketing scheme, which is basically just a fancier term.

Authorities, on the other hand, draw no distinction between the two.

You earn a commission each time you bring on a new client, according to the terms of your agreement with IM Mastery Academy. You’ll get reimbursed for each new paying client brought in by your recruits as they start to follow the same path.

As you can see, an MLM has a lot of earning potential, particularly if the compensation plan is quite generous.

I still do not recommend joining it, though.

99% of people who join MLMs do not make any money. To put it another way, to earn money with programs like IM Mastery Academy, you’ll need some significant marketing talents.

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Is IM Mastery Academy a Scam?

In this section of the iMarketsLive review, you will learn whether the company is a scam or not.

MLMs, on the other hand, are considered as scams by authorities such as the Federal Trade Commission (FTC). Because their company is focused on recruiting new members and creating downlines, IM Mastery Academy is technically a scam.

You may enroll as a client and purchase their trading tools and training to become a trader.

If you’re interested in learning more about trading, you may join their initial aim of selling courses. The nicest aspect is that you may give it a month to see whether you enjoy it and then leave if you don’t.

There isn’t a lot of information on Christopher Terry, but he seems to be a devoted man who wants to see people thrive.

However, I suggest learning the fundamentals of trading online for free on sites like YouTube. Although this will not make you a skilled trader, it will give you a better understanding of what trading is, and you can then buy a course to learn how to trade properly.

10 Shocking MLM Statistics That You Need to Know!

MLM stats

  • Almost 99% participants of all multi-level marketing companies lose money, according to the FTC.
  • There are 38% more chances of you profiting from your own any kind of small business than joining these MLMs.
  • Success rate of an online business, which will give you financial and time freedom, is 20% more than joining MLMs for making money.
  • The odds of you winning a lottery worth $10k among 10,000 people is 300 times higher than actually making money from MLMs.
  • According to the AARP foundation, 47% distributors of all MLMs lose their money. Apart from this, 27% do not make a single penny.
  • In the remaining 26% that actually make money, 53% of them make less than $5000/year.
  • 39% of those 53%, who are making $5000/year quit because recruiting and selling crappy products to friends and family members jeopardized their relationships.
  • Forget about building a long term business with MLMs, because 50% of all MLMs participants quit within one year.
  • 75% people that joined MLMs say that they will never again join any kind of MLM.
  • A poll was conducted in 2018 among 1050 MLM distributors and it was concluded that most of them made 70 cents an hour and 20% of them did not make a sale. 60% of them made less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their MLM involvements.

SOURCES:

Final Verdict – IM Mastery Academy

Before I end this iMarketsLive review, I would like to share a few more insights that could help you.

IM Mastery Academy’s main goal is to  recruit new members into their MLM scheme. This has garnered a lot of bad feedback from previous and current users.

However, they do provide some decent training on Forex trading. To enhance your trading abilities, you’ll learn about all about the basics of trading, various methods, and how to utilize analytical tools.

However, I do not recommend joining IM Mastery Academy since there are so many other online money-making opportunities that are better than this.

Also, the company’s significant concentration on recruiting individuals into its own MLM scheme makes me uneasy.

Rather to risking your money on scam websites, MLMs, or pyramid schemes, I suggest you seek other opportunities.

In fact, I have a great opportunity waiting for you just in the next section. It is fairly easy to learn, and is less risky than Forex trading.

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See you on the other side.

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