Eaconomy Review: Investigating MLM-Based Platform Eaconomy.io
Eaconomy will seem like the worst choice you can make as soon as you open the website. When you want to see which features they offer, the badly designed website will make it harder for you, and even the links to social networks and pricing take you nowhere.
Our Eaconomy review sheds light on the truth hidden behind this company. They are a shady business operating under pretenses, luring traders by offering ‘features’ when in fact, they are nothing more than a pyramid scheme. Keep reading to learn more and check out our ProfitLevel review for more information about this scam broker.
Who Is Eaconomy?
Hassan Mahmoud established the EAconomy as an MLM-based ed-tech platform that offers training in trading and wealth management. On the website, they mention they are based in California, however, their LinkedIn profile says Las Vegas, Nevada. But even the address in Nevada is nothing more than a random location, indicating this company lacks transparency.
The website of the company doesn’t seem user-friendly at all, and it looks like wherever you click takes you to the same page. One of the firm’s domains was shut down after suspicion that they were not paying affiliates, so make sure to keep that in mind if you are planning to join.
They claim to be a reputable and well-reviewed platform, offering a variety of features and benefits when in reality, they are known for not paying their affiliates. There is much to come in our Eaconomy review, so make sure to read until the end.
Company Type | AI Trading Tool |
Legal name | Eaconomy |
Regulation | Unregulated |
Registered in |
|
Established | 2023 |
Website | eaconomy.io |
Financial Authorities Warnings |
|
Contacts | |
Fees |
|
If Active on Social Media: | Yes |
Investor Protection: | None |
Activity areas | United Kingdom; Poland; United States; Sweden; Argentina |
Main threats | Pyramid Scheme |
Main perks | None |
Regulation Info
According to the information we have so far, we didn’t doubt for a second that this firm is operating without regulatory oversight. It’s suspected that the Eaconomy pyramid scheme affected traders from all around the globe and there are various platforms confirming it, such as Reddit and Trustpilot.
Some financial authorities like the AMF in France published a warning advising traders to avoid this firm.
The CSA was right behind them with the warning, advising the same to all Canadian investors.
There is not a single doubt that there are various companies and tools that offer better and more reliable features. This company is a confirmed Pyramid Scheme as the features they offer are nothing, however, they do take money for the subscription.
Eaconomy Profile
The affiliate kit costs $29 to purchase initially, but after that, you will get $15 each month. If you want to get the most return on your affiliate kit investment, you must also find new affiliates or students and invite them to join the business. After accessing the Eaconomy login page, you can create an account and subscribe to the kit right away.
The company’s ed-tech division was exclusively designed to mislead clients and draw them into their trap. It’s clear that this is a Ponzi scheme. This kind of Ponzi scam involves the operators receiving a substantial sum of money from new affiliates and then having that money circulate within the company, making the operators astronomical profits at the expense of the users.
Trading Platform | Eminus Pro Trader, Tradingview |
Account Types | Eminus, Manara, Hercules |
Financial Instruments On Offer |
|
Maximum leverage | N/A |
Minimum Deposit | N/A |
Commissions/Bonuses | N/A |
Mobile app | No |
Desktop app | No |
Autotrading | N/A |
Demo account | No |
Education or Extra tools | None |
Is Eaconomy Safe?
Unfortunately, this platform is far from being a safe choice. They are unregulated, lack transparency, and don’t offer anything beneficial or worth paying for. There are better alternatives than this platform and committing to Eaconomy is the worst choice you can make.
Instead of wasting your time on AI-powered tools such as this one, use our AI Analysis Bot to elevate your trading skills and become a successful trader. More about this potent program can be found at the end of the article so prepare to be amazed.
Traders Share Their Experiences
On Trustpilot, the platform has an overall score of 3.5, based on 122 reviews. It’s suspected that the positive reviews are fabricated by the company and more than 30% of traders’ opinions are unfavorable. The company’s owner Hasan Mahmoud previously launched Silverstar, then AI Global Markets, and left owing money to many investors, according to one trader.
The majority of the reviews focus on the pyramid scheme and how the company keeps calling you until you agree to subscribe. They guarantee profits and if you are a regular with our reviews, you know that profits can only be earned and never guaranteed. Overall, the traders don’t speak well of the company and it’s advised to avoid it.
Reasons to Avoid This Company
The EAconomy trading platform is not a good choice for a variety of reasons. The platform makes use of affiliates and what is referred to as “network marketing,” so if a user refers clients to a business that commonly utilizes bots, they will receive rewards and move up in their point system, which generates revenue for the affiliates.
However, similar to GoDoFX, this platform won’t bring you any profits and instead, you will waste both time and money. The Eaconomy portal leads directly to a Pyramid and MLM scheme and there is nothing beneficial they offer. The ‘educational’ material is not available for review before committing, indicating more red flags.
Just like this Reddit discussion says, avoiding this firm is in your best interest if you are a serious trader wanting to profit.
Can I Make Money While Trading Online?
Making money while trading online is possible but only if you avoid platforms like this Eaconomy review. Instead of paying to be taught the wrong things, you should try to educate yourself with free material and dedicate the time necessary to learn everything. Additionally, don’t think about starting your trading journey without a proper strategy, discipline, risk management, and others.
But here comes our AI Analysis Bot to aid you in overcoming the financial markets and boosting your chances of profits. This potent program can analyze billions of data points, including past statistics, indicators, and current market news to help you make informed decisions. It will make insightful recommendations on whether to buy or sell, making trading at least a bit easier.
If you are a serious trader and ready to step into the future of trading with AI-powered tools, reach out immediately and you have a chance to win a 14-day free trial. All you need to do is be quick and within the first 100 traders who reach out.
FAQ Section
What Is Eaconomy?
EAconomy is an MLM-based ed-tech platform that offers training in trading and wealth management.
Is Eaconomy Legit?
No, this platform is not a legitimate business and you should steer clear of it.
How Does Eaconomy Work?
According to what is covered in the Eaconomy services & products section below, Eaconomy Forex will give you the training and resources you need to succeed as a forex trader. However, this platform is a confirmed pyramid scheme and you should stay away.