Eaconomy Review – Is This Just A Revival From Previous Scam?
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Hello my friends and welcome to my Eaconomy Review! You might be here today because you wanna find out if this company is legit or not. Maybe someone referred you to them or maybe you just found them online. Either way you are at the right place today. So make sure to stick around ’till the end because you need to know some important info before you join.
When looking at the history of this company, I found out that this company had actually collapsed back in May 2019. It lasted less than a year before it went down. So we didn’t really hear about them until their owner Hassan Mahmoud decided to relaunch it in April 2021. In fact, they were able to do this relaunch the company through Beyond Wealth. How it works in a few words is that they had some trading and crypto offers. But in the US Eaconomy only offered signals. Here is a picture of Hassan Mahmoud:
It was very clear that outside of the US this company was engaging in securities fraud through Wealth’s “Achilles” trading bot. This was an automated bot. Eaconomy and Beyond Wealth lack registrations with financial regulators. There is not evidence that they’ve registered anywhere in the world. So, what we were able to find out is that now with this relaunch, they have some changes in what they offer. So here is how it looks:
Eaconomy Review – The Products
Eaconomy now will offer 2 different membership subscriptions:
- The Elite – At $149 and then at $99 per month
- Elite Pro – At $235 and then at $149 per month
What will be different now with these 2 options is their bot. They now call it “Aithena”. You need to be an Elite Pro used to access Aithena. Apparently you can’t get this in the USA…
Here are other services that you will get when you join Eaconomy:
- ECA – forex trading education
- Eminus – manual signals
- Manara – AI forex trading scanner
- Hercules – “the ultimate DCA strategy that leverages A.I.”
A new change to the company is now their CoinZoom wallet. They no longer will use their Beyond Wealth “Beyond Wallet”.
Eaconomy Review – Their Comp Plan
When you join, they will pay you on whatever sales you make. This is based on the monthly subscriptions from people you recruit and retail clients. They also have 12 ranks for their comp plan, (GV means Group Volume). I will explain the first one and the last one. So, the other ones in between are just adding up more to finally reach the last level.
- The Apprentice – you sell and maintain three subscriptions, then generate 297 GV over a four-week period
Then we get the Influencer, Influencer 900, Influencer 1500, Prodigy 3K, Prodigy 5K, The Icon 9, The Icon 25, The Icon 50, Mogul 75 and ending with the Mogul 100.
- Mogul 100 – you sell and maintain eleven subscriptions, generate 891,000 GV over a four-week period and have a total downline of nine thousand affiliates (split 4500/4500)
They also have these “fast start bonuses” when you recruit someone to sign in or become a retail customer. You’ll get a $50 for this.
Eaconomy Review- Residual Commissions
How these residual commissions work is based on your rank, take a look at the following:
- Apprentice Rank earn $25 a week
- Influencer 500 earn $125 a week
- Influencer 900 earn $225 a week
- The Influencer 1500 earn $375 a week
- Prodigy 3K earn $750 a week
- Prodigy 5K earn $1250 a week
- Icon 9 earn $2250 a week
- The Icon 15 earn $3750 a week
- Icon 25 earn $6250 a week
- Icon 50 earn $12,500 a week
- Mogul 75 earn $18,750 a week
- Mogul 100 earn $25,000 a week
Eaconomy Review – Their Rank Achievement Bonuses
How this works is that they will give you this bonuses when you qualify for Icon 9 or higher. These will be a one time kind of thing:
- Icon 9 gets $6000
- The Icon 15 gets $12,000
- Icon 25 gets $25,000
- The Icon 50 gets $50,000
- Mogul 75 gets $75,000
- Mogul 100 gets $100,000
Eaconomy Review – Cost To Join
If you want to join Eaconomy it will cost you 29 bucks and then you also pay a $15 monthly fee.
So, it this company legit or just another Ponzi? Well, the first problem is that there is a fine line between having more active retail subscriptions versus affiliate subscriptions. And another problem with this company is that a retail customer can’t refer and build a downline, so that makes it an affiliate recruitment tree.
So, a major issue is that we don’t see any trading results. Appears to me that their subscription commissions is their main selling point. This means that subscription services will be coming secondary. This company has been around for some time now, but where are their audited trading results? This is what I’m getting at right now…
What is really going on here is that they are committing securities fraud. This is a company based in the USA and it’s owner Mahmoud is a resident of the USA. So, the fact that they might be recruiting outside the USA does not matter. They are still committing fraud in every place outside the US. And this is where they offer their Elite Pro subscriptions. This company has too many red flags already, and I would not take it seriously. Something important to mention is that Mahmoud has been charged with fraud in the past. I can’t recommend this company and I encourage you to stay away from it.
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Don’t get me wrong… There is nothing wrong with investing in Crypto, in fact I hold a good amount of crypto tokens. The problem is really with these types of scams. There is a huge difference from buying a legit coin than investing in these fake companies. If you want to learn how to trade crypto, I recommend trying the Crypto Ultimatum training course for a super affordable price. Try it out. If you don’t like if for some reason you can get your money back. But I doubt you will. It will show you how to do it the right way. By the way, HERE is the latest Ponzi I reviewed in case you run into it!
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