EAconomy Review: Legit or Another Scam?

eaconomy review

Recently, an organization by the name of EAconomy sprang to notoriety due to its claims to educate innovative skills and provide additional incentives through its affiliate kit.

In this post, we are going to review EAconomy and tell you whether is it legit or another fraud.

What is EAconomy?

EAconomy is an MLM-based ed-tech platform that offers training in trading and wealth management that can be very helpful in upcoming years.

EAconomy

The founder and CEO of this company is Hassan Mahmoud. The headquarters of this company is situated in Las Vegas, USA.

EAconomy founder

According to SimilarWeb, the total number of visits on its website www.eaconomy.io is 23k and its domain was registered on March 2021, as per WHOIS.

EAconomy also offers an affiliate kit to earn extra incentives over the perks of the ed-tech platform. The minimum cost to activate an affiliate marketing kit in EAconomy is $29.

Read: Swiss Valorem Bank Review

EAconomy Review

We investigated their business model and affiliate marketing kit, and we found several red flags and cautious signs that you should the lookout for before investing. Let’s take a look at it:

No Support System

We looked at many online user reviews, and the overall tone was negative. Many of them stated that if you have any problems, they don’t respond to your questions.

No support system

The support system is nothing more than a website display meant to lull the target audience into a false sense of security. We believe that practicing such behavior is exceedingly immoral and unethical, and it is also bad for any firm, thus it is a major warning sign.

Incorrect Physical Address

We looked out for the company’s official headquarters, which was listed on the website, but we discovered no information about it. That was nothing more than a random location.

eaconomy false address

EAconomy is hiding its actual place of operation. It is not registered anywhere legally and serving as global platform from a single website.

Read: Hypernation Review

Lack of Transparency

There is not a single piece of information anywhere concerning the other top executives, except their CEO and founder. It seems quite strange that a business with such a significant marketing budget would choose to ignore its other leaders and brand ambassadors.

Being an ed-tech company, it doesn’t even have the presence on popular social media platforms. Morever their public website consists of very little information about them and badly design.

We conclude that the reason for the lack of transparency is that they are running a scam under the guise of an ed-tech platform.

Bogus Education Platform

To assist consumers in learning about cryptocurrencies, forex, and other forms of trading, EAconomy has three different platforms called Hercules, Manar, and Eminus. One of them is run by pro traders, while the other two are AI-driven.

The identities of their crew of pro-traders remain a secret. Normally, every ed-tech platform promotes itself by touting the caliber and qualifications of its professors, but in this instance, nothing has been said about the team of professional traders or their titles.

Furthermore, it is still unknown how AI will impact your timing of investing in the cryptocurrency market to produce the greatest results. Since the market for cryptocurrencies is so volatile, yield can’t be predicted.

Typical Money Circulation Fraud

Speaking of their affiliate kit, it first cost $29 to acquire it, but after that, you will receive $15 per month. Additionally, you must recruit new affiliates or students and invite them to join the business if you want the best return on your affiliate kit investment.

Below is a description of the ranks and earnings from recruiting new students using the EAconomy affiliate kit:

RanksPersonally Enrolled StudentsTotal Accumulation in DownlineWeekly PayoutMonthly Payout
Apprentice32$25$100
Influencer 500310$125$500
Influencer 900320$225$900
Influencer 1500340$375$1,500
Prodigy 3k375$750$3,000
Prodigy 5k4200$1,250$5,000
Icon 96375$2,250$9,000
Icon 157500$3,750$15,000
Icon 2581000$6,250$25,000
Icon 5092000$12,500$50,000
Mogul 75103000$18,750$75,000
Mogul 100114500$25,000$100,000

The ed-tech component of the business was solely created to deceive customers and lure them into their trap. This is an obvious Ponzi scheme.

In this type of Ponzi scheme, a sizable sum of money that the operators get from new affiliates circulates within the business, generating enormous profits for the operators but providing nothing to the users.

Read: Carnelian 12 Review

Should I Invest in the EAconomy Affiliate Kit?

No, instead of putting your money into these fraudulent schemes, you should put it into other trustworthy ones.

Eaconomy-review-trust-pilot

We advise you to avoid investing in EAconomy because many other people fell for their trap and lost a significant amount of money.

Read: Movss8 Review

Share This:

Leave a Comment

Your email address will not be published. Required fields are marked *