Today we review Eaconomy for you. What is Eaconomy? a Scam? How does it work? Is it a good opportunity or should you look at other options instead? This are just a few of many questions this short review helps you answer!
Name of the product: Eaconomy
Owner: Hassan Mahmoud
Overall rating: (2 / 5)
Recommended?: Not recommended
Important to mention before we go into more details of this review:
We always strongly recommend doing your own research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly before you make your decision.
Learn about our top recommended trading signal services that both offer great free services:
With that being said, let´s continue with the review on Eaconomy!
What is Eaconomy? Why has it become a point of interest to many people in the online moneymaking world? I received these questions from one of my active subscribers recently. I was about to give him a short reply but decided to compile a review that would answer his questions extensively. Better yet, I decided to share it with you also, so that you can know what to do when someone offers you the opportunity to join Eaconomy. Here are some of the key areas we shall look into:
– What is Eaconomy?
– How does it work?
– What is contained in Eaconomy?
– How is it priced?
– Is it a genuine program?
– What are its main pros and cons?
What is Eaconomy?
Eaconomy exists as a Multi-Level-Marketing business that belongs to Hassan Mahmoud. Eaconomy debuted under the name Global Takeover during the pre-launch phase, before finally taking up the name that has stuck to date. Hassan Mahmoud is not new to the MLM industry. He was a co-owner of another popular MLM known as Silverstar Live that claimed to help people invest in securities to get an ROI through the fully automated bot. Silverstar eventually collapsed after a conflict between Hassan and his wife.
Mahmoud and his partners tried rebranding Silverstar in a bid to capture a larger customer base, but this did not also bear any fruits as well. You may have possibly have come across the names AI Global and AI Expert Advisor. These were Mahmoud’s rebranding attempts, and they clearly did not bear any fruits.
Eaconomy’s Vice President, Sal Leto is also a very popular face in the MLM industry. Prior to joining Eaconomy, Leto was involved with companies such as OneCoin and iPro Network that did not auger well with the public.
Currently, Eaconomy offers Forex trading signals as well as online courses. With these, Mahmoud and Leto claim, you can make several thousand dollars.
How does Eaconomy work?
The main way you can earn through this MLM scheme is by recruiting people to join through a link that is provided to you. With this link, you can proceed to create a team of your own. This will, of course, require you to join Eaconomy by paying a fee that I will discuss later in the review. Upon joining, you should focus on positioning yourself in one of the ranks in Eaconomy. This company offers 12 ranks, rank 1 to rank 12. One moves from one rank to the other by fulfilling some set conditions such as recruiting a certain number of people to join Eaconomy.
Paying for the monthly membership is not sufficient to earn you commissions; hence, you are required to keep rising in the ranks. The higher the rank, the more income you are guaranteed to earn at the end of every month.
Products offered by Eaconomy?
As already stated above, Eaconomy mainly offers forex trading bots that are sold under the name ‘Expert Advisors”. There are a couple of bots that you can purchase including:
1. Trading Runner – This bot trades on a daily basis and accumulates small wins for Eaconomy users. If one is able to wait for a long period, they can gain an impressive amount of money.
2. Trading Ringer – This is a bot that creates a ring around the prices of various trading commodities like a wheel. The ring rotates all day long and captures all profits.
3. Trading Compass – this bot, like the Trading Ringer, also works like a wheel that rotates consistently to capture profits.
The owners of Eaconomy claim that Trading Ringer, Trading Runner, and Trading Compass are trading bots, but those who have been in the field of forex trading can instantly tell you that they are simply signal bots. Signal bots simply tell its users the best time to sell or buy certain commodities based on the past data they have accumulated.
One thing about trading and signal bots is that they are not always accurate, hence no one should guarantee you that you will have a positive ROI. As much as bots have better accuracy than most human beings do, they cannot be trusted to deliver profits consistently.
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In order to be an affiliate in this program, you are required to pay a membership fee. Eaconomy’s membership fees are structured in the following way:
– $79 –paid upfront.
– $29- paid on a monthly basis.
If you intend to join this program, you should remember that you can only earn commissions by recruiting new members.
Is Eaconomy a Scam or is it Legit and genuine?
So far, I know you have an idea of whether Eaconomy is genuine or not. Based on the history of the creators of Eaconomy, I would certainly not recommend it to anyone. Eaconomy is not reliable. Hassan and Leto have been in MLM businesses that have failed in the past, and that has already gotten a bad name amongst the online consumer trust communities. I only like to go with products that I am sure can help you achieve your financial objective; hence, I would advise that you pass on this one.
Eaconomy may not necessarily be a scam, but since its name shows up every time you search for forex trading scams, then you need to be on the lookout. The joining costs are not quite high, but you may end up having a hard time trying to convince people to be part of this program.
As much as the creators of this program make it seem like you will make guaranteed income, I would recommend that you try out other programs whose genuineness is clearly not questionable.
Tired of MLM Pyramid schemes? Want Better alternatives?
There are MANY alternatives I would recommend as better ones, none of them are MLMs but rather real and serious trade alert services, that are not overpriced due to MLM. I have listed the top-rated ones on this website, but there are especially two that stand out from the crowd.
Both of the above actually offer free services that can make you money so make sure to take advantage of their free trade alerts by signing up for their newsletter!
Pros and Cons
It might be wise to compare the positive sides against the negative ones to get a better overall view of something before you make any decisions, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Its owners have a record of unsuccessful MLM businesses.
– The MLM business structure may not appeal to those you try to recruit
– Many things are not clear about how it conducts business
– The trading bots they claim to offer are actually signal bots.
Do You Own or represent Eaconomy?
If you are a representative, or associate of Eaconomy and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Verdict: Not Recommended
Overall rating: (2 / 5)
Ok, I think that sums up the overall view of Eaconomy. Sure, some might call it a legit service, however, many would call it a scam as well. What do you think?
If it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many investment opportunities and services, trade alerts, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for pretty much any other alternative investments.
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I hope you found this short review of Eaconomy to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com