I have been involved with an organization called Tradehouse that is affiliated with the popular MLM IML/IM MASTERY ACADEMY/whatever name they go by now... sadly for a few months now. If you have any friends or family that are involved with either of these entities - please get them out if you can. They have probably already been roped in and indoctrinated with the language that the community uses (which often includes every clap back and argument in the book) but please try anyways. They get you in by leveraging the higher ups in their organization ("chairman") and showing them live their lavish lifestyles.. and imply that you can too. As soon as you're welcomed in you're lovebombed and called "family" by everyone in this massive telegram group chat. And then it's radio silence right after. You're assumed to learn everything that you can about trading on your own. And soon you realize it's impossible because retail trading involves SO much risk.. which is exactly why many DON'T... lmao. You're literally trading against big banks and hedge funds. And if you don't know anything about trading let me tell you something that you might not know yet - for every winner or winning trade there is a loser. Banks can afford to trade because they are going in trades from both positions and skimming off the top of the profits. Retail traders? Yeah we aren't so lucky lol. So you realize that trading isn't as easy as it seems.. but your monthly payment is coming up and you have to do something. Here is where they get you - once you sign up (RECRUIT) two people you get your monthly fee waived (mind you.. JUST FOR THAT MONTH). The pressure is then on you to flex a lifestyle you don't have yet, in order to sell people a dream you aren't even living. All to avoid a monthly charge that they are going to have to handle unless they start the same cycle.. It's honestly horrible. The whole thing is just slimly. Everyone that is brought in is indoctrinated and taught to say the exact same things, just mindless robots. "Its all about the mindset if you're losing it's on you" "Forex isn't a scam" "broke mindset" just the dumbest stuff.. I’m making this post to anyone on here that was like me, just looking for all the information that they could about what they think or thought seemed like a good idea, but suddenly doesnt.. your conscience knows. It’s okay to get roped into these things, they are marketers after all. You aren’t stupid for joining or inquiring, and if you’re in it already like me you can make it out. You’ve already done the first step and that’s look outside of the bubble.. time to pop it. Anyone that has any questions about the above groups, advice or stuff you’d like to hear about my experience please drop it in the comments. I’m not sure how reddit works still lol but I’m always free to help.
First time I hear of this MLM called iMarketsLive or IML or IM Academy (their branding seems to be all over the place). They claim to teach people how to trade Forex – a completely legitimate form of investing – but a quick Google search exposes a lot about them real quick.
I follow a bunch of them Instagram for giggles and I am baffled by their lifestyles. There are 19 and 22 years olds claiming to be millionaires and making $100,000 a month. If this is true I feel so bad for the people that are paying to be apart of this MLM. The wealthy ones seems so busy shopping, going out to eat, penthouse shopping, and traveling that it’s hard to believe they actually trade. The members of the MLM seem to pay $235 to join and also pay some monthly fee. One woman said she had over 60 people on her “team” smh. They are so sly and/or aggressive in their marketing tactics. Are any of you aware of this MLM or know of anyone involved?
Can someone explain to me the relationship between Forex and IM Academy (IML, MLM)? Can it be trusted?
My boyfriend (23) has recently began Forex trading and IM Academy. I honestly have a feeling that something does not seem right about it. I just can’t put my finger on it. Apparently for IM Academy, you’re basically recruiting other people. My boyfriend paid $235 to access the courses on IM academy that assist with Forex trading. However, he has a monthly fee of $170 until he gets 2 people to join his team. Once he gets 2 people to sign up his $170 monthly fee is waived. Therefore, the 2 people he recruited now has to find 2 individuals themselves so they can have their monthly fee waived. He mentioned about a having a mentors and how he helps/guides him in the business of recruiting and Forex. My boyfriend said it’s basically an easy come up and you’re basically making money by using like a “copy paste”method. I’ve also seen things like “Chairman 50”, what is that? I just need clarification of really what it is and how it all works. I personally feel skeptical about the situation. My boyfriend is insisting that by me asking him about how legit it is means I don’t support him at all. He also says how this might be a good opportunity for him to grow and be a better person. I just don’t want him to f**k himself over that’s all and loose all his money. No matter what the outcome of this is I’ll always be there to support no matter what. But hey, he is a grown man and it’s his money not mine. Also, if it makes him happy and he feels positive about it I’m going to let him do his thing. I’ll just keep my thoughts to myself.
IML overcharges for basic signals so y’all can join my telegram. I will post all IML signals as soon as they are given in the telegram chat. You must cash app me $30 to join and I will send the telegram link - $icejack3
Hello, I was completely blind to the idea of Forex until I was introduced to IML. After some googling, I understand that people see IML as a scam. Mainly because of how it is a MLM company but also a source of education- although the education is arguably bad in comparison to free education such as from babypips. I know a lot of people are saying that the education is not worth the money you pay, and if you're doing the MLM portion you're bad person for introducing them to other people, but I would just like some feedback on IML themselves and if it really is as bad as people say, regardless of the MLM perspective. A lot of reviews discussed their "Autotrader" which they have by now removed and also discussed other add-ons, I just want feedback about their main features, such as the "Harmonic Scanner" and also about their community. As when you join you get bombarded with invites to several different forex chat rooms. They also market their education as infamously offering "earning while you're learning", I was curious if their ForEx mentors, Harmonic Scanner and community are worth it? Thanks :)
Forex and iml - saw this post on my feed and had no idea what it was but thanks to this sub I know to steer clear and sent her some links to let her know what she’s gotten herself into .. I hope it works!
(IML) Be careful from this forex trading program. You will see people post graphs and bank account but its all a show.
With International Market Live (IML) you need to pay 200 a month for a program to "predict" foreign exchange and crypto. But the profit doesnt cover the cost and they tell you to get 2 people under you then it should cover it. I havent seen any post about it here so just want to spread the word.
Want to earn a second income in the worlds largest currency trading market? Iml and Forex gives you that opportunity to pick at that 5.7 trillion dollar market through your phone . Opportunity is open to all men and woman.
I recently joined an IML group and soon realized that half the people promoting don’t even trade themselves. I know this reddit is full of some experts any tips on how I should continue? I mostly use swipe trades and know the basics but overall I just don’t see IML being what it’s meant out to be.
Forex & IML = make money as fast as sending a text
You ever try trading foreign exchange? Honestly I though it was too difficult to start to start as well and especially as a 22 year old premed living at college I understand BROKE. It wasn't until I went home and talked to a friend that began to invest a few years ago. He opened my eye to this, you can make money from your phone and with all the meetings and group chats I've been invited to. I can't help but taking them on the daily. It's as easy as sending a text at this point. Message me to set up a video chat and get involved! http://whatisiml.com/index_enter.html
Hello reddit, this is my first time posting in this sub and it's because i am at my wits end. A familiy member has recently joined IM mastery academy and since then eveyone has been trying to save her from this apparently pretty shitty scheme. It's more concerning that she is not doing any trading (or whatever this company claims to teach you) and i just doing the recruitement part. I have been doing a lot of research but there is one thing that bothers me way more than this being a pyramid scheme. When she first joined she claimed that she had to go to their office in a bigger city that's over an hour away. They also claimed that the office/school/whatever is open 24/7 and she had to be there asap. That meant at 9pm. She was there the entire night and was being taught "how to build her business" and since there are no trains back home at that time of day her "mentor" drove her home at 6am with his ridiculously expensive car. We assumed that it's just another trick to convince her that's it's this amazing opportunity and to show her how rich you can become doing this. But now she started going there for over 24h at a time and it's suspicious as hell. Do you guys know if this is a IM thing or if there might be going on more? It just doesn't sit right with me but i have no way of finding out more. I just don't know what to do anymore
Reserve Bank of India has released a list of 34 forex brokers; which has been declared illegal
List of unauthorized forex trading apps and websites - RBI
Friends, recently the Reserve Bank of India has released a list of 34 forex brokers; which has been declared illegal. https://preview.redd.it/dc1l0ca388o91.jpg?width=637&format=pjpg&auto=webp&s=1a865302fede2fd22985b27c767481ecb4219204 Before releasing this list, RBI had done all checks regarding all transactions of all those forex brokers since February this year. Maybe this doesn't matter to you; Nevertheless, you should definitely check this list once. So see if your forex broker is not on this list! 👉 Here's a full list of unauthorized forex trading apps and websites
Alpari
AnyFX
Ava Trade
Binomo
e Toro
Exness
Expert Option
FBS
FinFxPro
Forex.com
Forex4money
Foxorex
FTMO
FVP Trade
FXPrimus
FXStreet
FXCm
FxNice
FXTM
HotFores
ibell Markets
IC Markets
iFOREX
IG Markets
IQ Option
NTS Forex Trading
Octa FX
Olymp Trade
TD Ameritrade
TP Global FX
Trade Sight FX
Urban Forex
Xm
XTB
Thanks for Reading. Please share your take on this.
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