iMarketsLive (IM Mastery Academy) Review - Cryptocurrency & Forex MLM

Founded2013

HeadquartersNew York, New York, USA

Trust Score63/100

About iMarketsLive (IM Mastery Academy)

iMarketsLive (IM Mastery Academy) is a network marketing company specializing in cryptocurrency and forex education, founded in 2013 and based in New York City.

The company offers a range of products aimed at helping individuals learn about trading in the forex and crypto markets. Their compensation plan rewards independent distributors with retail profits, bonuses based on sales volume, and leadership incentives.

However, iMarketsLive (IM Mastery Academy) has faced regulatory warnings in several countries and has a trust score of 63/100, indicating potential concerns. With a high attrition rate and misleading income claims, it’s worth doing thorough research before diving in.

Pros and Cons

✓ Pros

Potential for high commission
You can earn 20-40% on direct product sales, which can add up if you have a solid customer base.
Training resources
IM Mastery Academy offers educational resources that can help you learn about trading and financial markets.
Community support
There’s a strong community of members who often share tips and strategies, making it easier to stay motivated.
Multiple income streams
You can earn through personal sales, team commissions, and bonuses, giving you various ways to make money.

✗ Cons

High attrition rate
Many people join but drop out quickly, which suggests that long-term success is hard to achieve.
Misleading income claims
Some marketing materials have been criticized for promising unrealistic earnings, which can set false expectations.
Regulatory warnings
iMarketsLive has faced scrutiny and warnings in multiple countries, raising red flags about their business practices.
Moderate trust score
With a trust score of 63/100, there are concerns about the company's reputation and reliability.

Verdict: iMarketsLive has some appealing features, especially for those interested in trading, but the regulatory issues and high drop-out rates are serious concerns. Proceed with caution and do your homework before diving in.

Best for: This opportunity may suit those eager to learn about trading and willing to invest time in building a network. However, if you’re looking for a guaranteed income or dislike high-pressure sales tactics, it might be best to steer clear.

Risk Analysis

iMarketsLive (IM Mastery Academy) has a moderate risk profile due to regulatory concerns and misleading income claims. While potential rewards exist, the high attrition rate and warnings from various countries warrant caution.

Key Concerns

Regulatory warnings in multiple countries high
The company has faced scrutiny from regulators in countries like Canada and the UK, raising red flags about its business practices.
Misleading income claims high
Promotional materials often highlight high earnings, which aren't typical for most distributors, leading to potential false expectations.
High attrition rate moderate
Many distributors leave the program within the first year, indicating that sustained income is difficult to achieve.

Positive Indicators

Established since 2013
Being in operation for over a decade shows some level of stability in a competitive market.

Consumer Advice: If you're considering joining iMarketsLive, do your homework and think carefully about the risks. The potential for income is there, but the high turnover and regulatory warnings suggest you should tread lightly.

Frequently Asked Questions About iMarketsLive (IM Mastery Academy)

Is iMarketsLive (IM Mastery Academy) a legitimate MLM company?

Yes, iMarketsLive (IM Mastery Academy) is a legitimate MLM company founded in 2013. However, they've faced regulatory warnings in multiple countries, which is something to keep in mind.

What products does iMarketsLive (IM Mastery Academy) sell?

iMarketsLive (IM Mastery Academy) primarily offers educational resources for forex trading and cryptocurrency. Their products include training videos, live sessions, and trading tools aimed at helping members learn how to trade.

How much can you make with iMarketsLive (IM Mastery Academy)?

Earnings with iMarketsLive (IM Mastery Academy) can vary widely. They have a multi-level compensation plan that includes retail profits and team commissions, but many members report income that's quite low, especially considering the high attrition rate.

What complaints are associated with iMarketsLive (IM Mastery Academy)?

Common complaints about iMarketsLive (IM Mastery Academy) include misleading income claims and the pressure to recruit new members. Many former members also mention dissatisfaction with the value of the training relative to the costs.

How does the compensation plan work for iMarketsLive (IM Mastery Academy)?

iMarketsLive (IM Mastery Academy) has a multi-level compensation plan that rewards both personal sales and team development. You can earn through retail profits, personal volume bonuses, and team commissions, but keep in mind that the earnings can be inconsistent.

What is the cost to join iMarketsLive (IM Mastery Academy)?

Joining iMarketsLive (IM Mastery Academy) typically costs around $225 for the first month, followed by a monthly fee of about $175. This can add up quickly, especially if you're unsure about the value you'll receive.

What is iMarketsLive (IM Mastery Academy)'s BBB rating?

As of now, iMarketsLive (IM Mastery Academy) does not have a rating from the Better Business Bureau (BBB). It's worth checking their site for any updates if you're considering joining.

Is iMarketsLive (IM Mastery Academy) worth joining?

Whether iMarketsLive (IM Mastery Academy) is worth joining depends on your goals. If you're serious about learning how to trade and like the MLM structure, it might be a fit. But be wary of the risk factors and high dropout rates.

What are some alternatives to iMarketsLive (IM Mastery Academy)?

Some alternatives to iMarketsLive (IM Mastery Academy) include other trading education platforms like Forex.com or online courses on sites like Udemy. These options can provide valuable information without the MLM structure.

Compensation Plan

Plan Type

This is a multi-level compensation plan. Basically, that means you earn money not just from your own sales but also from the sales made by people you recruit into the business.

How Earnings Work

Retail Profit (20-40%): You can earn a margin on products you sell directly to customers. This is your profit from those sales.
Personal Volume Bonus: Each month, you can earn a bonus based on how much you sell. The more you sell, the bigger your bonus.
Team Commission: You also earn commission from the sales made by your team. This can come from multiple levels of people you’ve recruited.
Leadership Bonus: If you reach certain leadership ranks, you can earn extra bonuses for maintaining those ranks.
Fast Start Bonus: You can get a one-time bonus for enrolling new distributors who hit their sales targets quickly.

Qualification Requirements

You need to meet monthly sales minimums to qualify for bonuses.
As you build your team and reach higher ranks (like Consultant, Manager, etc.), you unlock more ways to earn.