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Shaw Academy Review: Is Shaw Academy A Scam Or A Legit Learning Platform?
Hi, I’m Simon and welcome to my Shaw Academy review where we’ll be taking a closer look at the training, the platform, the support and the pricing so you can decide whether this online learning platform is worth signing up to or not.
I must confess: I’m a serious self-development addict!
Whether it’s listening to audiobooks on leadership or attending property conferences, I’m a huge believer in investing the time and effort into educating and improving yourself.
And the beauty of the online world is that learning is no longer limited to the classroom. Whatever you want to learn, you can! In your own time and at your own pace, wherever you are.
Sure, you can learn a heck of a lot on YouTube, but sometimes you just can’t beat a step-by-step, well-structured training course where you can track your progress and get the sense of accomplishment when you’re done.
So what about Shaw Academy? Is it a scam you should stay away from or a legit learning platform that’s worth joining? Here’s what I found out.
Shaw Academy Review (Quick Overview)
Created by: James Egan & Adrian Murphy
Founded in: 2020
Free trial: 7 days
Regular price: $45/month (plus optional admin fees)
If you haven’t got time to read this review in full, here’s the bite-size version:
They offer a variety of comprehensive training modules packed with live classes, videos and tutorials. The whole system is set up to give you a flexible way of learning that fits around your schedule and they give you the option of receiving a diploma certificate on completion.
Right now they have around 50 courses on offer but they are adding new courses regularly.
They need to make their pricing structure a lot clearer so people are not caught off guard and while their qualifications are not widely recognised, this is a legitimate online platform that can definitely help you reach your learning goals.
Looking for a wider range of courses? Check out these alternatives.
Yes No, please see the comments
What We’ll Cover In This Review:
What Is ShawAcademy.com?
Shaw Academy is an online training platform that was founded by Dublin-based James Egan & Adrian Murphy in 2020. They have one clear mission statement:
“To deliver great education, accessibly and affordably to everyone”
They also have over 800,000 followers on their Facebook page and boast over 4 million graduates so far.
Here’s a quick overview video I think you’ll find helpful:
With a mission to equip the world with skills, they offer 42 courses organised into 10 different categories:
- Photography (8 courses)
- Finance (4 courses)
- Health and Wellness (4 courses)
- Marketing (5 courses)
- Technology (7 courses)
- Design (4 courses)
- Beauty (1 course)
- Music (2 courses)
- Business (5 courses)
- Language (1 course)
They’re updating their courses so they’re always current and adding new courses all the time. Whether you want to learn how to develop an app, trade on the stock market, improve your Photoshop skills or learn how to play the guitar, you can develop your skills here.
Each course comes with live webinars with Q&A sessions, interactive quizzes, video walkthroughs and optional assignments.
I really like the training area layout. It’s easy to find your way around and it looks great.
The number of modules and lessons will differ from course to course. Either you can work your way through the training at your own pace and develop your skills in your chosen area, or you can pay an additional fee to take the formal assessment.
Shaw Academy is accredited by the CPD Certification service which unfortunately is not very well known or recognised. This may be a turn off for some.
Support could be better. If you have any issues you’re told to email [email protected]
Support is available to paying premium members only.
I’ll be honest – it’s not easy to get a handle on exactly how much the training costs but after a failed attempt at contacting customer support (I’ll explain below) and a lot of digging around in the fine print, I think I’ve finally got to the bottom of it.
They have a 7 day free trial offer with one free 4 week course included, after that here’s a breakdown of the prices:
- $45 per month per course (can unsubscribe at any time)
- To take the final assignment – $49
- To get a hard copy of your certificate – $59
On top of that they also have a monthly premium membership which is either $22, $32 or $39 per month.
Who is Shaw Academy For?
If you’re looking to earn a widely recognised qualification like a Master’s or Bachelor’s degree then this training platform is not for you. Check out these alternatives instead.
Shaw Academy is ideal for people looking to acquire or develop their practical skills in a certain area.
Perhaps you’ve got to a certain level as a software developer watching random videos on YouTube but now you want to go to the next level. The Shaw Academy training will give you a well-defined, focused and structured learning program to follow.
You acquire practical, ‘sellable’ skills and become an expert in your chosen field which can open an infinite number doors for you going forward.
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The Pros And Cons Of Shaw Academy
1. High quality digestable training
The training courses are excellent. Rather than just listening to someone speak or watching them do something, it’s clear the trainers have gone to extra effort to make the lessons as interactive and practical as possible.
The modules are broken down into bitesize chunks and you can choose the dates you attend the live classes so it works with your schedule.
2. 7 day free trial
The free trial period gives you the opportunity to take your first course completely risk-free so you can find your way around the training area and see if it’s a good fit.
1. They need to be more upfront about their prices
Rather than displaying their full prices clearly, I had to dig around in the lengthy FAQ’s section to find how much it cost. Even after reading the full terms and conditions I wasn’t sure.
It seems I wasn’t the only one confused either…
As you’ll see here when we look at members’ feedback in a second, nearly all of the complaints are around billing issues – either they claim they were charged for something they were unaware of or didn’t realise they had to cancel their membership before the free trial period to avoid paying the monthly membership.
2. Support seems somewhat lacking
It seems like the billing department could do with a customer service course refresher.
Whenever issues arise (especially around billing), you need to be sure you can get help and support when you need it most. Sadly, the second biggest complaint from members is that they are either completely ignored or get a, let’s say ‘less than helpful’ response from support staff.
In researching and writing this review I was looking for confirmation of Shaw Academy’s pricing structure. The website recommended I contact the support team if I had any queries… so I did! And it bounced back!
All I got was this automated email saying I could only contact support if I upgraded my account!
Shaw Academy Reviews – What Students Say
Shaw Academy have a 4 out 5 star rating on TrustPilot.com out of a total of 1,905 reviews.
The vast majority of members are clearly very happy with the online training program with 85% rating the site ‘Excellent’ or ‘Great’.
And it seems that you’re assigned a personal learning advisor when you upgrade to the premium membership so you can get the support you need…
And here’s a positive review from another satisfied learner who has been a member now for a couple of years and even signed up to the lifetime membership:
On the flip side, some people accuse Shaw Academy of being a scam because they say their credit cards have been charged the monthly fee without their authorisation.
Here’s a complaint from the Better Business Bureau review site that confirms the need for clarification on membership costs:
Is Shaw Academy A Scam or Legit?
My biggest bone of contention is the (intentional?) lack of clarity surrounding course and administration fees…
It really can break trust and as we’ve seen, can cause people to call them a scam after being charged unexpectedly.
Sure, legally you can say they should’ve read the terms and conditions but we know in reality very few people do.
Shaw Academy would help their members and themselves by doing the right thing and displaying their prices clearly and prominently so people know exactly what they’re getting into.
Aside from that, the training is very well thought through and put together and they actually offer a great value option for learners looking to develop their skills in a particular area, at their own pace and in their own time.
The 7 day free trial gives you the opportunity to browse the courses and test out the whole platform with no money down so you can decide whether or not this is right for you.
In my opinion Shaw Academy, though certainly not perfect, is a legit training platform that offers high quality education at great rates.
3 Badass Shaw Academy Alternatives
1. Udemy – 100,000’s of courses
Udemy.com have over 100,000 video courses on almost any topic you can think of. Seriously.
From accounting to game design, from pet grooming to poker – they’ve got it all!
2. Open University – get a recognised degree
Pioneers of online learning, OpenUniversity.edu have a whole range of qualifications, from certificates and diplomas to Honours degrees and postgraduate qualifications.
If a formal qualification with flexible learning is what you’re after, this is the one for you.
3. Wealthy Affiliate – specialists in online business
Wealthy Affiliate.com have been helping aspiring entrepreneurs achieve online success since 2006.
Their step-by-step video training walks you through exactly how to build an income generating business from scratch.
I hope you’ve found this review of Shaw Academy helpful. I’d be really interested to hear from any former or current members on this one. Scroll down and share your experiences with us!
About Simon Crowe
Simon launched The Make Money Online Blog on a mission to help aspiring entrepreneurs kiss their bosses goodbye.
Get his free Affiliate Marketing Guide For Newbies to learn exactly how to make your dream business a reality.
I cant even delete my payment info from them and they keep charging me!
Its a big scam where they offer you a free class (thru tmobile tuesdays). They inundate you with course modules they want you to buy and then start disguising payment buttons as your coursework so that you inevitably click it thinking it the stuff you need for the free class. but then they charge you. its criminal, and i believe intentionally misleading.
I wanted to share my negative experience with Shaw academy. I subscribed to a free month to try some classes. Which I did not like, the content was too basic and I thought the whole thing was not user friendly.
Anyway, I tried to cancel while I was still in the free trial, but the cancel subscription page was always ending as “error” I have contacted so many times their customer service about it, they charge me for the next months …
Now, I have succeeded to cancel but they still don’t want to refund the money. Imagine if they do that to thousands of people… Nice profit, good scam.
This is such a bad customer experience Fauve. They NEED to make sure they give you a 100% refund. It should be no questions asked. Please let us know what happens… hoping for a good outcome.
I’m having the same issue as everyone else.
I signed up for the free 1 month trial before COVID19 started getting serious. I figured it was a good deal and I would continue classes if I liked them. Things started getting bad overnight. Colorado was one of the first places to declare a state of emergency, I lost my job, and I have no income. Yes, with everything going on I forgot to cancel. They sent me text messages and emails reminding me i missed classes, but those messages stopped a week before they took money out of my account. I spoke with an instructor and she said that they would send a reminder before the date for me to cancel if I still wanted to. Now, I have to dispute the charge, freeze my account, and get a new bank card. There is no easy way to get in contact with a customer service representative. You are instructed to cancel your membership through the website, it takes you through 3 or more pages of “offers”, only to give you a number to call. After you call the number, you listen to a 5-minute recording of more “offers”, and then they give you an email address to cancel your membership. That process could have been made easier by just providing the email address. This is a huge red flag. I would not recommend you giving information to this company.
Also, I work in social media marketing and I can tell that a lot of the positive reviews are fake. A lot of companies hire services to write fake positive reviews in order to boost their online reputation. You can pay extra for them to write convincing thorough positive reviews as well.
I am so sorry this has happened to you Josh and every story here has a common thread – they’re really big on trying to upsell you and nothing screams “we want to squeeze as much money out of you as possible” than this in my view!
Did you manage to get a refund in the end?
You are totally right about fake reviews too. I see them all the time, mostly from affiliates writing fake positive reviews to try and get a quick commission. I review A LOT of programs here on the blog and I made the decision from the get-go to just be honest and say it as I see it.
Shaw academy is a SCAM site! be warned, they will charge your account multiple times and then get you to pay for stuffs that you had already paid for.
I have had a horrendous experience with Shaw Academy and would highly recommend not getting involved with them, unless you want to use their services for the rest of your life!!
I signed up for the free trial, entered my card details thinking I would easily be able to cancel if I didn’t enjoy it.
I didn’t enjoy the product, it was very pushy and if you didn’t join a class you were bombarded by messages and phone calls. It just wasnt for me!
I knew to cancel before the end of my trial so 2 days before the end of my trial i attempt to cancel. Couldnt find an easy way to do it other than a phone number where I spent hours on the phone trying to contact someone. Someone did answer eventually but when I started speaking, they just hung up. This is when I started to get worried.
So I looked online to find out how others had cancelled and was met with tons and tons of awful stories about practically fraud.
I did find an email address which i e-mailed to state that I wanted to cancel my account. After waiting ages, somone got back and said my account was inactive and I wouldn’t be charged. I took their word for it but ofcourse 2 days later £50 comes out of my account.
I have been trying to resolve this for over a week but they are refusing to give my money back despite me cancelling before the end and them essentially lying to me.
They repeatedly send pre written emails and it seems no one is responding to my specific case but they must get these emails all the time so they have an automatic response.
I also beleive they are sending out hundreds of fake reviews to TrustPilot and places like quora. The reviews just seem so fake, unless people are getting bribed to review by giving free months etc.
Im sure some will be real, the problem with them only really starts when you no longer want to use their services!
I would say stay away
I just signed up for the free trial. Entered my credit card details and noted that I would NOT be charged anything during the free trial. Immediately obvious there is something odd going on.
First you have to pay for the tool kit. You also have to pay for the certificate. That is PER module and 4 modules on the course I signed up to for free. Then I noticed that you can set your own timetable for receipt of “live” online lessons. Really, so I can pick any day of the week, and time between 6am and 10pm for a “live” lesson.
Concerned I looked at how to cancel membership. No option other than to e-mail support which I did. Immediately got a response saying it was not my registered e-mail address so they would not answer. But it was my registered e-mail address. I then dug out this review. Clearly the reviews on trustpilot are false (I looked at them before setting up the free trial).
So I rang my credit card company. Guess what, I was charged 30p when I registered, so not free registration. Then my card company say I can only stop payments for specific amounts not a generic block on Shaw Academy. Guess I now have to check every statement to see if I am charged by Shaw Academy, which from reading the comments here will happen.
I have only just realised this, regarding the whole paying £40 per final module to move onto the next module. This was not advertised at the beginning with the initial price guide and I was informed of this in an email and from the app. Then I had to find out for myself by going into the FAQs. This is AFTER I’ve signed up for a premium 6 months. So not only have I paid the 6 months, I assumed that was everything included, and it clearly isn’t. I’ve taken on 2 courses, each with however many Modules (5 I think), so per module, on each course, that’s a lot more than the actual premium memberships.
So my question is, I only just paid for the premium membership. Is there a way of getting that refunded??
DEFINITELY A SCAM! I signed up for the 4 Week Free Trial a couple days ago because I thought “Hey, it’s free to try out, why not”, but made the mistake of providing my Credit Card info assuming that I was safe to cancel in the first 4 weeks without issues. Then after my first “Lesson”, I realized it wasn’t for me and just a sales pitch, so when I went to go Cancel my Account, I was redirected to 5 different website links, only at the end to find that I HAD TO CALL A PHONE NUMBER TO “CANCEL”. So, I thought I’d call the number, and after listening to them for 10 minutes trying to convince me not to cancel and “Give up on my dreams” as they said, and pressing key after key after key to finally get to the end of the prerecording, all they say is that I NEED TO EMAIL THIS EMAIL ADDRESS. So, I’m extremely frustrated and worried at this point as they have my credit card information, so I thought I would email them with the Subject “For the LOVE OF GOD Cancel my Subscription”, only to get an automated response back saying that my email is being reviewed with no additional follow up by them, while they still have my credit card information. Basically, it’s just a giant LIE in order to convince you that you need this bullshit “product”, with them towing you around with your credit card information.
I ended up having to call my bank and cancelling my credit card prior to any payments coming out from them in order to ensure they didn’t get a cent of my money, crooked fraudulent bastards.
So save yourself a giant headache and NEVER EVER SIGN UP WITH THIS COMPANY as they just want to steal your money.
A very dissatisfied “customer” AKA some fool who fell for these assholes’ con.
Hey Jordan, I’m dealing with the exact same thing, signed up, gave my payment details and am now jumping through hoops trying to cancel the free trial before they charge me. Out of curiosity, what was the email you were told to contact?
Anna, they tell you to contact support but then you just get an automated reply telling you that they will get back to you. They give you a case number but any automated system can give you that. See my experience posted on 1st April for more details.
Same here. The free trial promotion was provided by T-mobile Tuesday 3/31/2020. After I found I got charged for toolkit, I email them for refund. However, Shaw’s statement was sounding like that was my responsibility to pay attention on what would be charged.
I’m completely with you., having experienced the same.
What made it slightly more difficult, is that nowhere is it translated into my cureency (ZAR), only Pounds, Dollars and Euros, so now I’m left to just figure out what exchange rate to use and wht’s to say they’re keeping to it?
Beware – unfair charges!
I pushed the wrong button and was charged for a toolkit i never used. there is even no confirmation during the purchase. So beware of entering your credit card details. When I asked for refund they refused and offered another sets of toolkits for free – which means actually that I have to purchase more course lessons.
I’m so sorry you had to experience this Orly, but I thank you wholeheartedly for sharing your story as a warning to others!
Exactly the same problem here over the last couple of days! They’ve refused a refund and offered the same. Luckily, I provided PayPal only and have removed pre-approved payments but I’m still concerned that they may attempt to take payment at the end of this ‘free’ trial.
Shaw Academy is definitely a scam! They take unauthorized money out of your credit card. Stay away.
I bit for their free Photoshop course, 8 lessons. I received it although that is only module 1 of many more, which of course you have to pay for.
After the free month I went to cancel. Finding the cancel info was impossible so I emailed them asking to cancel.They responded with a link which I filled out. I then received an email pointing me to another page to cancel. After going through a number of pages offering me different options to stay and telling me why I should stay i finally got to page saying I had to call to cancel. I called during the stated hours and got voicemail so I left all of the information. I have herd nothing since so I think I am finally done.
Luckily I gave my Paypal info to sign up so I went to the Paypal subscription page and cancelled payments to Shaw. Time will tell as to what happens next. Not happy with Shaw at all, although the class was really good. Just not worth what they are charging.
Hi Fred, did cancelling payments through PayPal work for you please? Thanks in advance!
I do need to chime in here… I also created an account, but had it closed after 6 days. After emailing them, my account was closed. After 1 month, my credit card got charged with 41 and 39 Euros. Luckily I only use revoult for online stuff, and never have a lot of money on it.
i dont know who or how to gey my money back i never signed up help thanks
I have purchased an account from show academy using flipcart. After purchasing the account what I noticed is, it still shows as a free trial user. I was not that concerned about that because the courses they provided are not useful for me. Still, I have purchased one to test because I already paid for the account. They will ask for another big amount for course materials. Since it was not at all useful I decided to cancel and deactivated the account. After deactivating the account I saw the account status as “non-renewing”. Just after 1 month, they took a membership fee for renewing the same.
Do you think this is good? As a customer, I have sent email to their customer service. The assigned person agreed that it is not fair, but as per their company policy, they can’t process a refund for me. I would like to say that they are misusing their customer’s credit card details. Because they should not take any amount to renew any account if the account status is “Non-renewing”. I hope people who read this will try to understand and
purchase courses from trusted providers.
My rating for show academy is -1 star
My recommendation for online courses is Udemy.com, there you can find lots of courses from highly skilled trainers. The highlight is we can trust. They are giving 100% refund if the course is not good. I have purchased around 5 to 6 courses from udemy for me and my friends which were awesome.
Please stop paying to cheaters like show academy hereafter.
This does not sound good Jeril, thanks for sharing your experience.
Hi, I am looking to purchase a membership on Shaw Academy and wanted a few things clarified (from ones who have already experienced the platform)
Do you have to pay at the end of each module for the assessment? is certification provided at the end of each module? and again, do you have to pay to receive it?
Seems to me like this makes the cost of an individual course is too high?
What do you guys think?
Is it worth an EQF level 5 certification? also, how valuable is that certificate?
See my previous comment. I would rather recommend udemy for your better learning
I signed up through a Wowcher deal, £5 each for both an Introduction to Social Media Marketing Diploma and an Introduction to Photography Diploma. This came with a free trial of Premium Membership for a month, allowing access to bonus content, notes and slides. You then have an option of whether you wish to continue on to do the full Diploma (3 more modules).
That’s where you get stung.
It is not overly expensive but things creep in here and there. First of all you have to sign up for Premium Members ship and are given a choice of £xxx per month (given the options of 1, 3, 6 and 12 months (this however is taken as one payment and is a “rolling contract” so you would actively have to cancel this in time!).
I signed up for 3 months as I thought it would take 16 weeks to complete all 4 modules (as first advertised) This is not the case. After completing module 1 and finishing all the assignments and essay in time, I was made to wait an extra week before I could start the second module. Half way through module 2, I have been made to wait a second time for another week.
Not only have I had to fit this around work (and now need to ask for a (minimum?) of two more weeks, my 3 month membership will now not cover me until the end of my course and therefore, they will have to take another payment from me!
I am anticipating that I will be made to wait at least another week between modules and potentially a week mid-way through them (an extra 6 weeks in total, meaning that even if I cancel the rolling contract for a further three months, it would not save me any money by signing up for a month by month contract as this is at a higher rate).
So, if my assumptions about having to waiting and having an extra 6 weeks added to the end date are correct, I would be paying for another 12 weeks by continuing my 3 month rolling contract whilst they get an extra 6 weeks money from me. The 3 month contract was advertised at a cheaper rate and therefore I wouldn’t save any money by converting to a one month rolling contract.
They also charge for a hard copy of the Diploma so there will be plenty of expense to come!
On the positive side, the course content is easy to follow and slides are explained well. The assignments are not difficult as they are in the form of multiple choice questions and you can re-submit these if necessary. As I am doing two courses at once, it is “cheaper” but if I had decided to do one at once it might not have been worth it money-wise for me.
The course content I would recommend, the organisation……hmmmm……it is cheaper than some but, not the easiest to get a straight answer from if you question things. There is a hard sell after module one to get you to sign up for the full course and they are deliberately vague about a lot of things.
Thanks for sharing your experience Selina, I didn’t know they time-lock lessons! That’s a very sneaky tactic clearly for their benefit not yours.
And I completely agree about the intentional vagueness. I think they would help their students and themselves if they were more open about the exact pricing structure and full costs involved. By not doing so they automatically raise suspicions.
Thank you again for sharing, I know people thinking about whether or not to sign up will find your full breakdown really useful.
Hi, right now, Shaw is offering lifetime memberships for $69, and they converted me when I complained about being charged $49.99 after a one month trial, when I couldn’t find in their website how to cancel prior to my trial’s end.
Initially I was offered 6 months free as substitute to my one month paid, which wasn’t a bad trade-off but I told them I keep getting asked for lifetime membership for $69 on my work mobile, so I sent them a screen shot and someone gave me lifetime access.
So in my case, they were responsive, they gave positive spins on learning at your own pace, which was acceptable to me, and overall, customer service was a 4 out of 5. I haven’t accessed any course yet, though so let’s see.
I got an email from them back in January, offering the Masters for £99, which included lifetime membership for myself and 3 of my friends, finding it hard to believe they could be offering a Masters, for that kind of money, I got in touch, and was assured the Masters is genuine, and is same as any Masters in Uni, I decided to go ahead, my lifetime membership became active immediately, but I had to badger them for the links for my 3 friends, which they have got and have all been using.
I decided to do the web development course, so signed up, set up the day and time, and began, found the course to be really helpful, then my initial 4 week course came to an end I then signed up to do the advanced course, which is on demand, and quickly discovered the course is from 2020, 2 years old.
I have to say I am very concerned about the Masters Degree, I cannot find any mention of it on their website, it is now June and I haven’t heard anything from them about when it will actually start, all I know is it is meant to start in July. Is it a scam?
I’m having a hard time signing up 3 family members/friends too! How did you get them to assist you with this? I’d really appreciate your help! Thank you.
Good old social media, I sent them a message on Facebook, and they dealt with it straight away, they really are terrible when it comes to responding.
Have you signed up to the Masters aswell?
Whilst waiting to start the Masters, I decided to practice with web development and web design, the initial 4 week course, you had to set a date and time to do, but the advanced is on demand and when I have started it I have discovered it is from 2020.
I am trying to get some information about when this Masters Degree will start, but not had a response. It is very frustrating.
Im in the same boat as you – ive started googling to see what i can find out about Shaw Academy and the Masters course and found an article by The Journal Times saying that Shaw Academy is in examinership! Google it!!
Ive emailed them about 10 times and ive called all their numbers and all of them say that this number is not available. i have little doubt ill be doing my masters with them. The saying is true – when something seems too good to be true, it generally is! FML!
Will send you SMS and Emails on a Daily basis. I inputted my cp# & email but didn’t finish the registration. It’s almost a month now and they don’t stop sending emails and sms.
You can try registering your number (for free) with DoNotCall.gov to stop spammy sales calls coming through. I’m not sure if it covers SMS, but it’s worth asking. If they continue to contact you after that you can also report them to the FTC through the link I just gave you.
Hope that helps!
I finished my Nutrition Course and have been emailing them for the hard copy diploma. Every time there seem to be a different excuse. I was told by other people that they haven’t got their diploma either and they did the course years ago.
Bellow is Shaw Academy latest answer:
Due to huge demand and technical issues in delivering the hard copy certificates, this “EQF Hard copy Diploma” service is temporarily disabled since February.
Our development team is working with the relevant teams from Logistics and technical group to bring this facility back at the earliest possible. This may take a month to have this feature re-enabled by 1st week of May.
Once the service is re-enabled, we will reissue your hard copy diploma to your address at no extra cost.
I’m in the middle of the Photography Diploma Course, and I must admit that I have mixed feelings about Shaw Academy. The course content has been outstanding; the automated learning system and customer service have been nightmares to deal with.
I first signed up for the introductory course through Mashable for $29. When I clicked on the link they sent me, Shaw Academy automatically scheduled my classes (the “live” webinars) at a time when I wasn’t available. It took a month of repeated emails to their support staff to get the problem straightened out. During that time, I was receiving repeated automated reminders about attending the class, and notices with links to reschedule. But the links in the rescheduling emails didn’t work. Then the emails started telling me that they were going to cancel my course because I wasn’t attending.
Two months after purchasing the course, I was finally able to begin it. As I noted, the course itself is wonderful. It’s comprehensive and informative, and they include downloads of both the webinar slides and a set of instructor’s notes, which are very useful.
When I was nearly finished with the initial 4-week class, I began receiving multiple emails (sometimes 4 or 5 per day) encouraging me to purchase a lifetime membership for $89. The sheer volume of emails was maddening. I liked the class so much that I did purchase the membership.
After completing the class, I received a digital copy of my diploma, and chose not to pay them an additional $29 for a hard copy. I had to contact their customer support in order to get them to stop sending 3 or more emails per day about the diplomas.
When I tried to schedule Module 2 of the 4 module course, the same scheduling glitch occurred (wrong days/times, notes that I wasn’t attending the “live” webinars, suggestions that I reschedule with links that didn’t work, etc.). I’ve been watching the webinars during the times that work for me (course content is still outstanding), and emailing their support team regularly because at first their system wasn’t registering that I’d watched the webinars. They finally fixed that, but now that I’ve completed the module and taken the exam, I have another issue: The system doesn’t seem to register that I’ve completed the exam, so the next module won’t open. Ugh.
My experience is negative.
Lessons were not live 100%. My chat during those lessons has never worked, same people over and over were communicating with the instructor and he was instantly replying in the video, lol.
I completed my exam back in January and I still haven’t received my diploma, it’s May now. I’ve tried getting in touch with them about it 4 times, they still experience issue with printing them. Can you believe it.
And you had to pay extra for the diploma certificate, right? That’s ridiculous.
I’ve seen those ‘live, not really live’ webinars before, it seems to be a trend right now but it’s so blatantly obvious they’re not live. I saw a webinar once where the person was answering the questions a couple of seconds before the question was being asked, he obviously got the timing wrong lol.
Seriously though, this sounds terrible, what a headache! I thank you for sharing your experience with us and I’ll be praying they get their printer fixed…
I originally subscribed via Tmobile Tuesdays, promising 1 month free of charge, and later I paid 2 more times, around $300 total. I wasn’t asked for any extra for diploma therefore no diploma))) I cancelled my subscription and yet I got an email+texts to subscribed for $900 master’s degree.
No, thank you Shaw Academy! I’ll pay the full price but I’ll get a real degree with real University.
(Sorry for mistakes, I’m not a native speaker)
I read so many negative reviews but decided to go ahead and sign up anyway, and honestly I’ve been nothing but impressed.
There were issues activating my membership but the support team got back to me immediately and were incredibly friendly and helpful, sorting everything out by the end of the day.
Im doing the Graphic Design course and the Digital Marketing course and even though im only a few lessons in im very impressed with the depth of the content. Overall very impressed.
Thanks for sharing James, as you say there are a lot of negative reviews about the level of support at Shaw Academy but it’s great to hear you have had a great experience with them. It’s good to know if issues come up, you can get help when you need it.
I agree with you, though they have around only 50 courses – they are very well thought through.
I wish you the best of luck in your graphic design and digital marketing, I’m sure you’ll do well!
How did the course end up for you? How long did it take, and how much do you estimate you paid? Also, what subscription did you choose? Did you have to pay extra for “toolkits” and your diploma?
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Contena Review: Scam or Legit Freelance Training Academy?
Welcome to my Contena review.
I’m sure some of you (if not all) are wondering if this is a worthwhile investment for your freelancing career or something you might not even need.
Although I did include freelancing on my list of best ways to make a full-time income online, I do know that you still need to make the right investments.
Contena just so happens to be one of those iffy investments so I want to give you everything you need to know.
Will this be a good investment for you or is there a better way to take on the freelancing world as a writer?
Is there possibly some better training?
I have gone over the training and tested things out for you so there’s no need to worry.
This review will give you the ins and outs of why I think you should and/or should not join Contena.
But before you go spending any money, let’s see what you will get if you did decide to invest.
I’m not a fan of long played out reviews so don’t expect to be here long.
You can also go over my quick summary below if you don’t feel like hearing my blab on and on about things.
But without wasting anymore time, let’s get on with the show.
Table of Contents
Contena Review – Product Overview
Owner: Kevin Fleming
Type of Service: Freelance training
Price: $99 (starting)
Overall Rating: 4.5/5 stars
Contena is a freelance training academy that will teach you the best ways to make money as a freelancer. With the fact that most people jump into such a trade and fail miserably, I believe that Contena is a worthwhile investment. The price might seem a bit steep but when you have the chance to make $400 per article, you will see why Contena is worth it.
So What Exactly is Contena?
Contena is a “training academy” for anyone looking to take on the world of freelance writing online.
The company was founded by Kevin Fleming and was started back in 2020 and has grown into the go to for writers looking to start their own business.
There are 6 different modules that will teach you various topics.
- How to launch a six figure writing business
- Building the foundation for your business
- Creating writing samples
- Building a great portfolio
- Crafting the perfect pitch to get potential clients to say yes
- Building a funnel for your business
They also have some great support but you can also opt for some 1 on 1 coaching if need be.
There are also some other key features that you won’t find anywhere else and I will be getting into them here shortly.
But before that, let me show you who is the perfect candidate for something like Contena.
It might seem like it is for you but you don’t want to join something that is simply not for you.
Who This is For
Contena is for anyone looking to make money freelancing
Most especially, this is for those of you freelancers who thought you were going to hit it big online, just to find out that it wasn’t that easy.
Now if you are completely new to the world of making money online, this is going to be your best bet at getting started.
If of course you are a writer.
Teachers in need of some extra cash?
Contena is really for anyone with a desire to make a nice income from the internet.
For you non-writers that are looking to make real money online, this might not be the right fit for you.
I do recommend you give affiliate marketing a try as that is exactly where I got my career started within the online space.
Besides that, don’t go joining Contena if you are not a writer or have no intentions of becoming one.
As a member of Contena, you of course gain access to the 6 different training modules that will teach you how to start, run, and grow your freelance writing business.
The training is very easy to follow and you will learn a ton of stuff that most freelancers know nothing about.
Now there are many places on the internet that offer training and then that is it.
With Contena, there are other components that separate them from other training sites and this is what will make you look at things differently.
Without these things, I don’t think Contena would be the valuable service that it is.
This is my most favorite part of this program.
Contena Scout is a tool that will align you with what you are looking for in your search for your next client.
This handy little tool allows you to find the best jobs in a variety of fields that you can browse to find what suits you best.
You can search by pay, quality, or by category.
No other freelancing sites offer this type of service, so you can bet that this is going to be your best friend as a member of this site.
In a typical freelancing site, you turn in a resume and try to tell your future client how amazing you really are.
With Contena submissions, things work a little differently.
Instead of submitting a resume, you will be submitting a pitch to do an article instead.
If approved, you will get paid to write it.
And yes, it is really that simple.
With regular freelancing sites you will settle for less than $20 at times as most people hiring aren’t looking to spend a lot of money.
What if you could earn $300 for a single articles?
Well that is what you can expect here and there is no limit on how many you can do.
The reason this is possible is because these big companies are willing to spend top dollar to get the kind of work they need.
And you, my friend, might just be the one to land that next gig.
As a member of Contena, you will set a certain criteria on what you like.
If you are into real estate, they will fill you with companies looking for work in that department.
If dogs just so happens to be one of your interests, they will notify you there too.
These alerts go straight to your inbox so you can respond to the person hiring.
What does that do for you?
Puts you right in the front of the line, increasing your chances of getting hired for that specific job.
This then leads to more trust and the opportunity for more work.
This is just another awesome feature that you can expect as a member of this site.
Contena Rates allows you to see what companies are paying what for each article.
You can also see what others have been paid, so you know for a fact that they aren’t messing around.
$1k for a thousand word article?
In the 5 years I have been doing business online, not once have I ever seen an offer like this.
Fiverr doesn’t have it and UpWork doesn’t either.
Contena has real, legit COMPANIES that are willing to pay you the kind of money that regular people aren’t.
Coaching is HUGE when it comes to succeeding in the online world and that is something Contena provides.
No other freelancing service offers this feature, so you know these guys are one of a kind.
Don’t know what to say for your first pitch?
Let a Contena coach help you craft the perfect one.
As a newb to any method of making money online, it is a huge task to do things on your own.
With affiliate marketing, you will need help and support and the same things goes with freelancing and other online business ventures.
When it comes to freelancing, coaching will make all the difference.
So if you want to get ahead of your competition, you might want to give Contena a try.
For some that first come across Contena, the price might be a turn off.
That’s what I thought until I dove into the site.
After seeing what they offered, you can clearly see why they don’t charge you $20 like other wrinky dink training out there.
To become a member of Contena it is going to cost you at least $99 per month if you opt for their Gold payment plan.
You can also pay for the year, which is going to cost you $497, giving you $100 off.
Now if you would like everything + a personal coach of your own, you can go for one of their platinum plans.
For the Platinum payment plan, you will need to cough up 6 payments of $199.
This gives you 2 years worth of access and a coach, so you can see that this is really not that bad.
Of course you can always save more by getting the Platinum full-payment plan for $997.
This gives you complete access, a coach, and two years worth of access to Contena.
And if that doesn’t do it, don’t forget that they do have a “30 day, 100% satisfaction guarantee”.
If you are not satisfied with what you just got, get your money back and move on.
The Earning Potential
Hearing things like “$1k per day” sounds too good to be true and that’s because there are a lot of scams out there.
With freelancing, it is also not that possible as most people aren’t willing to pay top dollar.
Now throw Contena in the mix and you will see that making a couple hundred dollars per article is very much possible.
I know you’re thinking that it is going to be some 5k word post but that’s not even the case.
If you mess around with the little calculator on their site, you can see what is possible just by becoming a member of Contena.
Heck if I wasn’t blogging and I was looking for a way to make money online, this is definitely where I would start.
Again, you will not find this type of service anywhere else.
Pros & Cons
- Great training
- Proprietary tools
- Pays higher than any other freelance site
- Works with big companies
- Can provide a full-time income
- Lots of positive reviews
- No guarantees
- Might not be affordable to all
Although every company has its pros and cons, I really like what Kevin and his team has put together here.
Landing jobs as a freelancer is no easy task and I do believe it requires the proper guidance.
Without that and you will be content with your one client and you will never leave that 9-5 that I’m sure you absolutely love.
Overall, Contena is the real deal and I highly recommend it to anyone serious about making money writing and most especially landing a solid career.
Final Verdict: Legit
For those of you looking to make money as a freelancer online, this is one academy you do not want to miss.
Freelancing can be very rewarding and could be an awesome career but is not likely unless you know exactly what it is that you need to do.
By utilizing the training inside of Contena, I am sure that $1,000 days are very much possible.
I do it with affiliate marketing and many others do it with freelancing.
Whatever it is that you decide to go with, you just need to stick with it.
Becoming a freelance writer is not hard at all.
It’s finding the write people to work with that can be a task and a half.
If you don’t want to struggle with landing the right clients at the best prices, I think this is going to be the best investment you could ever make.
Don’t forget that landing just one gig can possibly pay for your Contena membership.
$99 might seem like a lot of money until you are in your back office with some of the best opportunities right in front of you.
Don’t settle for less and get with a program that will give you the success that your competition will never see.
I hope this Contena review has given you the best understanding you could possibly get.
If you have any questions, don’t hesitate to ask, by leaving them in the comments section below.
Thanks for reading and good luck!
I hope you enjoyed that post. I’m John and I am the owner of this site. I like to think I’m a normal dude just like everyone else but that wouldn’t make me unique. I do have 4 kids and I have gone through the hardest of times, most especially financially. With some learning and growing, I have managed to get back on my feet and live the laptop lifestyle most people only dream of. With that knowledge, I hope to align you with a real and legit way to make money online.
iMarketsLive MLM Review (2020): Scam, Wolf, or King of Wall Street?
Table of Contents
It’s All About The Benjamins
So you wanna get rich from Forex trading, huh?
I know the feeling.
But you might wanna think twice about joining iMarketsLive.
Like it or not, most MLMs like iMarketsLive are dressed up sales jobs.
Whether it’s selling “the dream” to your friends and family to convince ’em to sign up for your new Forex trading program…
Or just buying and selling currencies in the Forex market yourself.
Either way, you better enjoy hustlin’ and grindin’ if you’re gonna make it in this game.
Let me break it down for you:
iMarketsLive – short for International Markets Live – is a unique multi-level marketing company that’s all about Forex trading.
That’s short for foreign exchange trading, also known as currency trading.
It’s just like the stock market but instead of buying and selling shares of companies, you buy and sell currencies like the U.S. and Canadian dollar.
And unlike a regular 9-to-5 job, skilled currency traders can make (or lose) serious bank.
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In fact, the Forex market is the largest financial market on the planet — doing 5 TRILLION (with a “t”) a day in trade volume.
That’s over 200 times larger than the New York Stock Exchange!
Now you can see why there’s an absolute sh*tload of Benjamins to be made in Forex.
And iMarketsLive is doing exactly that:
By 2020, they were pulling in over $6 million per month.
They’ve also experienced a tremendous amount of growth and momentum in 2020 and 2020.
But there’s a fair amount of controversy surrounding this network marketing phenom.
If you’ve noticed that too, you’re probably interested in a lil’ more info about ’em, right?
You’ve come to the right place, brotato chip.
iMarketsLive Company Overview
First things first:
iMarketsLive is a Forex trading MLM that offers various trading educational products and services to a global audience.
They currently appear in over 120 countries and have training available in 8 major languages.
As you’d expect, their headquarters is located in the center of the financial universe:
New York City, New York.
They also have a staff of over 60 educators who have a single job: Teach peeps like you and me about the joys of Forex and cryptocurrency trading.
Oh, did I not mention they do cryptocurrency markets like Bitcoin as well?
The company’s vision, according to their website, is to “Educate, Enrich, and Empower One Million Students by 2020.”
Admittedly, also according to their website:
Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing financial security or life style.
To be fair, that could be said about any investment opportunity (e.g. financial services from Primerica, binary options, etc), but Forex trading is notoriously difficult — I know from personal experience.
Risks aside for now, let’s talk about how iMarketsLive came into being in the first place.
When Was iMarketsLive Founded?
What’s the real story behind iMarketsLive?
Well, for starters:
International Markets Live, Inc. was founded back in 2020 by CEO Christopher Terry.
But you know what’s weird?
iMarketsLive’s corporate website is surprisingly thin when it comes to offering information.
Most companies, even most MLM companies, have at least a little history of the company along with a small biography of the founder/CEO.
iMarketsLive.com has no such information on their site and seems to prefer to remain as mysterious as possible.
But I did manage to find this page, which appears to be an older bio of the company’s founder Chris Terry.
Here’s an excerpt:
Mr. Christopher Terry began this journey in construction, both as a worker and eventually as an owner, for nearly 12 years. In 1995, he discovered commodities trading and began to immerse himself in the markets.
In just 3 years, he was confident enough to walk away from his Construction Business, which had generated sales in excess of $40 million that same year, in order to become a full time trader.
Over the years he applied and effectively utilized this winning strategy of gaining the necessary learning and experience through the proper Mentors and then imitating the strategies of successful people.
While doing so he realized the same process of following success step by step, could bring average people everywhere to the same level of success that he himself had achieved.
Mr. Terry began to realize that at this point in his life it was his calling to help change people’s lives on a massive Global scale through a marriage of Network Marketing with Professional Trading.
This is why, in August 2020, Mr. Terry made the decision it was time to act on this Philosophy, and International Markets Live, Inc. was born.
One thing that’s missing from that bio of Chris Terry is his long history with MLMs and network marketing.
Terry came up in Amway, and although by his own admission he didn’t actually make any money, he said it gave him a “mindset of wealth”.
In other words, he probably realized the folks who made the most money in an MLM were the ones at the top and who recruited the largest downlines.
This also might explain why Chris Terry was reportedly a big promoter of Zeek Rewards*, which got busted by the SEC in 2020 for being a ponzi scheme.
(*In this interview with Denise Martino, Terry refers to Denise as his “downline member” and she clearly appears to be in Zeek at the time.)
Despite these failed business attempts, Chris Terry persisted and while the idea of iMarketsLive was spawned in 2020, it officially launched in 2020.
The new Forex trading MLM grew quickly and by 2020, iMarketsLive reached 55,000 members.
Unfortunately, that same year brokers began locking the accounts of many iMarketsLive customers for using an unregulated “expert advisor”.
Here’s what happened:
iMarketsLive had a special little automated trading program called “FX Signals Live”.
The program automatically mirrored the trades of Chris Terry himself, so members could essentially play the Forex market without actually understanding it.
However, one of the main reasons there are regulations in the investment world is to prevent exactly that.
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And when legitimate brokers like FXCM decided they wouldn’t allow it anymore, FX Signals Live was discontinued in 2020.
As a replacement, iMarketsLive released their new online “Harmonic Scanner” designed to help follow market trends.
It’s a little technical but here’s a basic video that explains what it does:
It’s basically an online tool that scans the market in real-time and gives you alerts for different price patterns and trading opportunities.
But now you actually have to know what’s going on and make the trades yourself.
What Are iMarketsLive Products?
iMarketsLive sells you on the ability to become a successful currency trader.
Sure, you could try to learn it all by yourself.
After all, how hard could it be to click a few buttons and place a few trades?
Buy low, sell high.
Easy peasy, right?
Well, despite what you may have heard, day trading is MUCH harder than it sounds.
That’s why iMarketsLive offers a full suite of support and trading education.
Over 100 training videos and modules offer basic and advanced strategies on both Forex trading and cryptocurrency investing.
You can also access live trading rooms and watch experienced staff members place trades and talk about the secrets of their success (in 8 different languages).
Here’s a good overview video that explains the iMarketsLive opportunity:
Obviously that’s a company sponsored video, so take it with a grain of salt (don’t drink the Kool-Aid).
But I will say that iMarketsLive seems to provide a ton of help for their members, which is always a big plus.
Even CEO Chris Terry himself gets in on the action, holding Sunday night webinars that you can sit in on.
Additionally, iMarketsLive gives you access to their proprietary financial trading software.
As mentioned earlier, their Harmonic Scanner searches the market for harmonic patterns to exploit and profit from.
Their Web Analyzer does the same with cryptocurrency, for an additional fee.
And even though their trade-mirroring service is gone, iMarketsLive still provides other ways for you to copy what their experts are doing.
Swipe Trades will alert you to “Forex trade ideas” including risk management and expert guidance for an extra $17 per month.
Swipe Coin does the same but for Crypto trade ideas and info, for an extra $100 per month fee.
While that may seem pricey, keep in mind that it allows you to get solid trade ideas sent right to your phone without having to do any of the legwork.
Because let’s be honest: If you knew what you were doing when it comes to trading, you wouldn’t be paying this company $165 a month or more for the privilege.
Long story short: The more you pay iMarketsLive, the more training and tools you get.
Speaking of which, here are your membership options if you wanna join:
iMarketsLive Membership Options
*Mobile users: scroll left/right on table if last column is not fully visible
|DIGITAL CURRENCY MONTHLY||HFFX MONTHLY||PLATINUM PACKAGE||ELITE PACKAGE|
|INITIAL PAYMENT||INITIAL PAYMENT||INITIAL PAYMENT||INITIAL PAYMENT|
|MONTHLY PAYMENT||MONTHLY PAYMENT||MONTHLY PAYMENT||MONTHLY PAYMENT|
|WHAT YOU GET||WHAT YOU GET||WHAT YOU GET||WHAT YOU GET|
|DC Academy||HFF Academy||IML Forex and Crypto Academy’s||IML Forex and Crypto Academy’s|
|DC Scanner||HFF TV||IML TV (All Sessions)||IML TV (All Sessions)|
|SwipeCoin App||PipTalk||Harmonic Scanner||Harmonic Scanner|
|IMLTV Sessions||High Frequency Forex||Swing Trades & Night Owl Sessions||Swing Trades & Night Owl Sessions|
|Pip Talk (Basic)||Pip Talk (Basic)|
|High Frequency Forex|
Hey, nobody said day trading was cheap.
To be fair, iMarketsLive does offer a 7 day, 100% money back guarantee to all of its subscribers.
If you’re dissatisfied with their service in any way, you can get a full refund of your membership fee within a week of signing up.
iMarketsLive gives their Customers a “2 & FREE” option as well — if you personally refer 2 people into buying a monthly membership, your membership is free.
So: If you can convince a couple people that Forex trading is awesome…
You don’t have to pay anything to get the iMarketsLive training and support.
Sounds good, but here’s something you should know from a guy who’s been in the trenches:
My Forex Trading Experience
The risk factor in Forex trading is something we shouldn’t just gloss over.
As mentioned in iMarketsLive’s disclaimer, you can easily lose all your invested money in addition to the monthly fees.
I should know — years ago, I was heavily into Forex trading and learned everything I could about it.
Technical analysis, risk management, chart indicators — you name it, I tried it.
And that’s not all:
I kept daily trading journals, learned how to read candlesticks, recognize trends, and was a particular fan of using 2ATR for a trailing stop loss.
Along the way, I traded almost every currency pair, chart timeframe, and read every trading strategy book I could find.
(Here’s my personal favorite, along with this one originally published in 1930.)
I should also mention that I paid a small fortune for different trading systems, tools, and “secret” strategies from so-called experts.
I’m FAR from the smartest guy in the room — but I’m not a complete Muppet either.
I wasn’t just gambling (only risked 2-3% max per trade) and I gave Forex trading everything I had for almost 3 years straight while I was still driving truck.
And even though I had periods of profitability, in the end I always lost money.
Not to mention I also got sick of the highs and lows of trading — feeling like a God one week, damn near suicidal the next.
Out of desperation, I finally resorted to following a mirror-trading service which ultimately blew up and reduced my trading account to almost nothing.
It was my own dumbass fault, but that’s when I decided to hang up my Forex trading gloves and look for something else.
Also contributing to that decision was realizing that after being on countless online trading forums — I wasn’t alone in my frustration and misery.
The only ones who seemed to be making any consistent money in Forex (besides the banks and hedge funds), were the guys selling me the tools and systems.
Just like during the gold rush back in the 1800’s, the real money wasn’t in digging for gold — it was selling the pickaxes and shovels to the desperate and hopeful.
Now obviously, there ARE successful Forex traders out there.
So just because this ex-truck driver with a GED couldn’t do it, doesn’t mean that you can’t make it work.
Like any other form of retail trading, some folks make money and some folks lose money.
All I’m saying is that Forex trading is hard as hell.
As a general rule, if you enter a gambling game against a lotta peeps who are more experienced and skilled than you are…
It’s a safe bet that the odds aren’t in your favor.
Don’t say I didn’t warn ya.
Pros: Why Join iMarketsLive?
✓ Potential for serious income without recruitment.
Almost every MLM in existence requires you to recruit and grow a huge downline if you wanna make the big money.
The reason is simple:
Your time is limited and there’s only so many hours in a week that you can use to sell products to people you know.
Forex trading is different in the sense that you could gain (or lose) a lot of money all by yourself, without ever having to recruit anyone.
✓ No pants required.
While most MLMs involve you dragging around a box of products to various houses, iMarketsLive is something you do from your desk or smartphone.
This is a very modern MLM and the entire thing (training + products + support) is all available online.
Never having to leave your house to run your business is a definite advantage.
For example, go try selling Amway products with no pants — I’m guessing it wouldn’t turn out so well.
✓ Plenty of training materials.
Between all the videos, training modules, tutorials, and live help sessions, iMarketsLive probably offers more actual product support than most other MLMs.
If you’re willing to invest in your education and want a crash course in Forex trading, there’s a vast bucket of knowledge here waiting for you.
Cons: Is iMarketsLive a Scam?
✗ First off: Solid trading advice don’t come cheap.
Around $200 up front plus $170 a month is what it’s gonna cost you for the most basic level of membership.
That’s over $2000 per year.
But if that trading advice makes you ten times that, it might be worth it.
✗ You could lose a lot more than your monthly fees.
Yes, plenty of people lose money in MLMs (most do).
But they generally lose money from not being able to recoup their minimum purchase requirements and monthly fees.
With iMarketsLive, in addition to your membership fees, you’ll also have to risk your own trading capital to play the currency markets.
And you might lose all of that money too.
In fact, thanks to the way that leveraged trades work, you can actually lose even MORE than the full amount of your Forex trading account.
✗ A strong fishy odor.
Can you trust iMarketsLive?
Well, sometimes the best way to predict the future is to look at the past (or just Google the present):
• iMarketsLive CEO Chris Terry has a previous connection with Zeek Rewards which the SEC had to shut down for fraud in 2020.
• The VP Alex Morton has a long history with MLM companies like Vemma Nutrition that had to settle for hundreds of millions of dollars with the FTC for being a pyramid scheme. You should check out this revealing article on Morton that shows the reality of being a professional MLMer when he was with his last company.
• iMarketsLive is banned as unauthorized in Belgium, and also received warnings from other countries like France.
• When I first published this article, iMarketsLive had an F rating (very bad) from the Better Business Bureau due to having so many complaints.
Then all of sudden they had an BBB rating of “A”, mostly thanks to a bunch of positive reviews that showed up around the same time (many on the same day).
Coincidence? Yeah, right.
As another reviewer pointed out, prob’ly because IML asked their members to spam their BBB page with positive reviews to drown out the negative ones.
Nice try fellas. Not shady at all.
Also can’t forget that iMarketsLive is an MLM which means recruiting other members is highly encouraged.
Here’s one of IML’s top earners explaining in detail how it’s done:
Ask yourself: If it was just about forex trading, why teach people how to recruit at all? Why not just trade forex and make a ton of money?
I dunno… maybe cuz:
Most retail traders lose money in the long run, so the real money is made by getting other people to join.
Is it really, though?
- 87% of all IBOs make an average of $4.30 per month (you read that right, less than $5/mo).
- 98% of all IBOs make less than $115 per month.
- Only 0.3% of all IBOs earn more than $30k per year.
Not exactly what I’d call a high-probability trade.
But if that doesn’t make you puke in your mouth a lil’, this industry might be for you.
If, however, you’re looking for a more legit and reputable business model… my two cents?
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