No you are not. Cancel it asap and then you won't get charged the monthly subscription charge. Best to call them and cancel it over the phone, and then send an email stating that you called and that they promised to cancel the account just as back up.

Hello! This is from the Fabletics team. We know that this question was raised over a year ago, but we would like to address it.

You may cancel your membership at any time if you're not completely satisfied with your VIP membership. Our Member Services department can assist via Live Chat or by phone if preferred: https://www.fabletics.com/help/faq.

I was not charged. You SHOULD cancel immediately after receiving. They simply do not have enough to justify a monthly VIP Membership.

Oh, one more thing... I think McKenzie S. Might be working for Fabletics after reading her answer. I don't think anyone would want to get charged for cancelling.