Eaconomy Review Is this legit or scam

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Eaconomy Review – Legit or Scam Crypto Deal? Compensation Plan Details

One of the questions that we are going to answer is if Eaconomy is a scam or not.

We wouldn’t want to join a program that ends up not paying you or closing down in the next 3 to 6 months.

We are going to research and review the details about the company, the products, and the compensation plan to make sure the company is at least in compliance with the laws for this type of program.

Not being in compliance is one of the #1 indicators that a program won’t last long.

We decided to take a closer look at this opportunity due to the social interest we started to see online.

With that said, let’s dig in and see what we can learn about it.

Table of Contents

Eaconomy Review – What Is It?

Eaconomy is an MLM company that you can join that gives you the ability to earn money online through referrals and through an AI Forex trading software.

The niche that I would say that this program is would be the Forex Trading and MLM niche.

Company Overview

Before the Eaconomy name was live, they decided to go with a pre-launch or builder website that was called “Global Takeover”.

They had a 1-month pre-launch using this website.

The President of the Eaconomy company is Hassan Mahmoud.

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Before Eaconomy, Hassan was co-owner for a company that was called SilverStar Live before it was renamed to AI Expert Advisor.

He was co-owner of that program alongside David Myer.

Ai Expert Advisor is still running, but it is not clear who the owner is but we are assuming that David is still running it.

After he left AI Expert Advisor Hassan started Eaconomy.

Hassan’s wife used to be a co-founder for SilverStar Live with her husband but it looks like she is not involved with Eaconomy at all, at least not in a management role.

Here is a breakdown of the leadership roles:

  • Vice President – Sal Leto
  • Director of Sales – Adam Wenig
  • CTO – Bill Wynne

Other than Sal being involved with some red flag companies like OneCoin and iPro Network, there is really nothing further that we have on the company information.

What Products Does Eaconomy Offer?

In this section of the review, we are going to take a look at the products that Eaconomy offer.

The main product that Eaconomy offers is forex trading bots that they call their Expert Advisors.

Here are the forex bots that you can purchase:

  • Traide Ringer – This forex trading bot is the entry-level expert advisor version. As explained on the website, it is like a wheel that rotates that captures profit.
  • Traide Runner – This forex trading bot is the expert advisor version. As explained on the website this version trades daily and collects small wins that add up like a scalper.
  • Traide Compass – This forex trading bot is the advanced expert advisor version. As explained on the website, it is like a wheel that rotates that captures profit.

When you visit the company website that has a description of what their trading bots do, but if you know anything about trading and bot then you know these are signal bots that basically calculate the best times to buy and sell according to past data that is gathered.

Trading bots are not really ever very accurate 100% of the time so it will never be a guarantee that you will have a positive ROI when using these bots in the real world.

The company does state that “in many cases” their automatic trading efforts (the bots) can be more successful than your manual efforts which sounds like a fair assessment.

The Trading Bot software that the company offers sells for a one-time setup cost of $247, then a monthly $169 charge to keep it.

The trading Bot is also offered in an app that you can download in the Android and Apple app store.

That is all of the information that we have on the products that Eaconomy offers, let’s move on to the next section.

How Does The Eaconomy Compensation Plan Work?

In this section of the review, we are going to take a look at how the compensation plan works and how you can make money with it.

When we took a look at the company website, we were unable to find the information on how the compensation plan works, but we did find the information on the compensation plan when we searched for Global Takeover, which was the pre-launch marketing system they used to drum up excitement.

The main way to earn through the opportunity is by recruiting others into the Eaconomy opportunity through your link and building a team.

The earning that you can make from the trading bot doesn’t seem to be reflected on the compensation plan itself and there are no promises of percentages made from their trading software which is a good thing.

With that said, let’s jump right into it.

Getting Started

The first thing that you will want to do is join.

The cost is $79 to get started with the opportunity which will qualify you for commissions.

There is a monthly that I have covered below in my cost to start section.

Now, what you will want to pay attention to if you decide you want to build a business with Eaconomy are the ranks that you can qualify for.

The higher the rank that you can qualify for will mean the more money that you can make overall.

Ranks and Qualifications

The company offers 12 ranks that you can qualify for in total.

Here is a breakdown of the 12 ranks that the company offers along with the compensation plan qualifications:

  • Rank 1 – To qualify for this rank, you will need to generate at least 435 GV per month in team volume and generate and maintain at least 3 monthly members.
  • Rank 2 – To qualify for this rank, you will need to generate at least 1740 GV per month in team volume and generate and maintain at least 12 monthly members that are split into 3 legs. (4/4/4)
  • Rank 3 – To qualify for this rank, you will need to generate at least 5075 GV per month in team volume and generate and maintain at least 30 monthly members that are split into 3 unilevel legs. (10/10/15)
  • Rank 4 – To qualify for this rank, you will need to generate at least 13,050 GV per month in team volume and generate and maintain at least 90 monthly members that are split into 3 legs. (30/30/30), additionally, you will need to personally recruit and maintain at least 3 Ranked 1 members.
  • Rank 5 – To qualify for this rank, you will need to generate at least 36,050 GV per month in team volume and generate and maintain at least 250 monthly members that are split into 3 legs. (100/100/50), additionally, you will need to personally recruit and maintain at least 2 Ranked 2 members.
  • Rank 6 – To qualify for this rank, you will need to generate at least 72,500 GV per month in team volume and generate and maintain at least 500 monthly members that are split into 3 legs. (200/200/100), additionally, you will need to personally recruit and maintain at least 2 Ranked 3 members.
  • Rank 7 – To qualify for this rank, you will need to generate at least 181,250 GV per month in team volume and generate and maintain at least 1,250 monthly members that are split into 3 legs. (500/500/250), additionally, you will need to personally recruit and maintain at least 2 Ranked 4 members.
  • Rank 8 – To qualify for this rank, you will need to generate at least 362,500 GV per month in team volume and generate and maintain at least 2,500 monthly members that are split into 3 legs. (1000/1000/500), additionally, you will need to personally recruit and maintain at least 2 Ranked 5 members.
  • Rank 9 – To qualify for this rank, you will need to generate at least 725,000 GV per month in team volume and generate and maintain at least 5,000 monthly members that are split into 3 legs. (2000/2000/1000), additionally, you will need to personally recruit and maintain at least 2 Ranked 6 members.
  • Rank 10 – To qualify for this rank, you will need to generate at least 2,175,000 GV per month in team volume and generate and maintain at least 15,000 monthly members that are split into 3 legs. (6000/6000/3000), additionally, you will need to personally recruit and maintain at least 2 Ranked 7 members.
  • Rank 11 – To qualify for this rank, you will need to generate at least 4,350,000 GV per month in team volume and generate and maintain at least 30,000 monthly members that are split into 3 legs. (12,000/12,000/6000), additionally, you will need to personally recruit and maintain at least 2 Ranked 8 members.
  • Rank 12 – To qualify for this rank, you will need to generate at least 8,700,000 GV per month in team volume and generate and maintain at least 60,000 monthly members that are split into 3 legs. (24,000/24,000/12,000), additionally, you will need to personally recruit and maintain at least 2 Ranked 9 members.

You have probably seen the term “GV” used.

GV simply means Group Volume, which means your total team volume that includes your personally recruited members.

Commission Qualifications

Along with your monthly membership, you are going to have to further qualify in order to receive any type of commissions that the compensation plan offers.

The company has in place a 55% retail customer requirement volume that you must maintain within your first 3 legs of your unilevel compensation plan.

Retail customers can simply mean a member that has zero referrals is what I am gathering and understand.

Unilevel Compensation Plan Breakdown

Here, I have included an explanation on how the MLM unilevel compensation plan works for those that are unfamiliar with the unilevel pay plan.

Here is how it works:

  • 1st Level – The first level of your unilevel compensation plan will only have affiliate members that you have personally recruited.
  • 2nd Level – The second level of your unilevel compensation plan will only have team members that your level 1 personally recruited on it.
  • 3rd Level – The third level of your unilevel compensation plan will only have team members that your level 2 personally recruited on it.
  • and so on…

This is just a simple explanation, but I feel that it gives a great explanation of how the unilevel works.

The unilevel appears to only be used for the qualification purposes when you want to increase your rank.

Let’s continue on to how you can make money with Eaconomy.

Fast Start Commissions

The first way that you can make money with Eaconomy is by the fast start commission structure that the company offers.

Most MLM companies offer commissions when they recruit just one person.

With this company, you will have to recruit 4 members within 10 days after you join and pay your membership.

If you are able to recruit 4 trading bots within 10 days after starting, you will earn $110.

Weekly Commission Caps Per Rank

As I explained above, the higher your rank will mean the more money that you can earn.

Here is a breakdown of the commissions that you are capped at earning every week:

  • Rank 1 – When you are qualified for this rank, you are capped to earn up to $37.50 per week.
  • Rank 2 – When you are qualified for this rank, you are capped to earn up to $150 per week.
  • Rank 3 – When you are qualified for this rank, you are capped to earn up to $375 per week.
  • Rank 4 – When you are qualified for this rank, you are capped to earn up to $750 per week.
  • Rank 5 – When you are qualified for this rank, you are capped to earn up to $1250 per week.
  • Rank 6 – When you are qualified for this rank, you are capped to earn up to $2500 per week.
  • Rank 7 – When you are qualified for this rank, you are capped to earn up to $6250 per week.
  • Rank 8 – When you are qualified for this rank, you are capped to earn up to $12,500 per week.
  • Rank 9 – When you are qualified for this rank, you are capped to earn up to $25,000 per week.
  • Rank 10 – When you are qualified for this rank, you are capped to earn up to $62,500 per week.
  • Rank 11 – When you are qualified for this rank, you are capped to earn up to $125,000 per week.
  • Rank 12 – When you are qualified for this rank, you are capped to earn up to $250,000 per week.

Retail/Sponsoring Commissions

The retail/sponsoring commissions that the company offers are similar to the fast start commissions in the aspect that you earn on your personally recruited members.

These are paid on the bot subscriptions that you sell.

The first month sales for recruited members will result in you earning $40.

The second month and moving forward as long as your recruited members stay active will result in $15 commissions for the lifetime of that member.

Other Performance-Based Bonuses

  • Matching Coded Bonus
  • Team Coded Bonus
  • Guaranteed income

That is all of the information that we have on how you can make money with the Eaconomy opportunity and how the compensation plan works.

My Eaconomy Q and A Section

In this section of the review, we are going to answer some of the questions that people may have when thinking about joining the Eaconomy opportunity.

Is Eaconomy BBB Accredited?

No, Eaconomy is not accredited with the Better Business Bureau at this time.

Not having accreditation or a listing with the BBB does not make a company or program a scam, it simply means that the BBB doesn’t recognize it at this time.

In my experience, there have been a TON of companies and programs that are not listed or accredited with the BBB.

What’s The Cost To Join Eaconomy?

The minimum cost to join Eaconomy is a one-time fee of $79 for the first month.

Every month thereafter will cost $29 to maintain your access to the software and the compensation plan opportunity.

Is Eaconomy a Scam or a Legitimate Opportunity?

In my opinion, the company is walking down a fine line by offering a trading bot for the product.

However, they make no claims that the bot will result in income or promise any ROI commissions for your investment.

But, when an “MLM” company offers a trading bot that is designed to help make you money makes the company walk a fine line as far as compliance is concerned.

I want to first say that I am NOT a lawyer, and if the company offered a promised ROI then it would be very easy to call it out.

At the same time, the only people that will make this determination will be the SEC.

With that said, I cannot make a determination that Eaconomy is a scam or not.

My Final Eaconomy Review and Thoughts

In the final section of the review, I am going to share my final thoughts about the Eaconomy opportunity as a whole.

We have taken the time to review the information about the company, the products, and the compensation plan.

We have also discussed the issues that might pop up with the legal system and why.

At this point, you should have a good idea about what it is, how it works, what it offers, and how you can make money with it.

What are your thoughts about it this far?

But here is the question…

Would we recommend the Eaconomy opportunity?

At this point, you should have all of the information about the program to make a great decision on whether or not you should join.

Whether we like it or not shouldn’t be a factor for you.

I hope you enjoyed our Eaconomy review.

If you found this review helpful, make sure to click on the social share buttons on this page and share it with others so that people can learn exactly what the Eaconomy opportunity is really all about.

Eaconomy Review: Is this legit or scam?

Eaconomy claims to be “your access to the right leadership, technology, and strategies to help you design the future you want”. It is a signal service run by Candace Ross (CEO), Hassan Mahmoud (President), Sal Leto (VP of Operations), Adam Wenig (Director of Sales), and Bill Wynne (CTO). It has its headquarters in 5070 N Sixth St, Unit 103, Fresno, CA 93710, United States and registered in Europe as EACONOMY LIMITED at Aldgate Tower, 2 Leman St, Whitechapel, London, E1 8FA, UK.

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How Eaconomy Works

There are promises to both help clients make more money and also get extra free time. Using the acronym (CEED): Connect, Empower, Elevate, and Develop, it asserts that everyone can become successful. It also operates a Forex Alert Software called Traide Compass that gives daily alerts about wedges that are forming. Tutorial videos are available to help clients form their own wedge using MT4 and MT5 and how to place a trade, set profit and put an end to loss. The Forex signals will go a long way in helping traders who are already using other automated Forex robots. Besides all that have been mentioned, the Eaconomy does not give details on how the Forex Alert Software works. There is also no mention of the pairs clients will be working with in relation to their investments.

What You Are Required to Do to Join Eaconomy

According to the website, interested investors are to pay $247 upfront for the course and then, will be required to pay $169 monthly.

Support

There are different forums for contacting the support team, it can be done by calling: +1(559)573-7306 or by emailing [email protected]

Conclusion

This is a new project whose origins are placed to as early as March 2020. Thus, this may explain the reason why there are no verifiable results placed on the website. Then the effectiveness of their Forex Alert Software and the accuracy of the Forex Signals cannot be seen. In addition, for something this new, Eaconomy is charging a high price for their courses. Again, this can be explained as due to the fact that they are bringing investment experts as EAs.

It is tempting to make hasty decisions on trusting this product and while Eaconomy may even be legit as opposed to being a scam robot, experience has shown that it is only smart to wait and see. Everything seems good but only on a surface level. The creators of this product have to come out more clearly to allow experts delve into their work. This will for checking its mechanisms and also see their trading results before they can be trusted with investments.

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