Eaconomy Review - Legit or A SilverStar Live Reboot Scam?

Eaconomy Review – Legit or A SilverStar Live Reboot Scam?

Welcome to my Eaconomy Review!

This is one of the latest network marketing companies to pop up and I decided to check it out for myself.

Chances are someone approached you about the business opportunity and you landed here to make sure it’s legit.

The good news is I am going to walk you through the company, products and compensation so you can make the right decision.

So make sure you pay close attention and watch this to the end…

Eaconomy Review – The Company

Eaconomy review

Eaconomy came about 3-4 weeks ago as a “Global Takeover” prelaunch branding.

Other companies like iBuumerang did the same thing…

Looks like it’s a common thing these days.

Just last week, they finally revealed the final name for the company, Eaconomy.

The man behind the company is no other then President Hassan Mahmoud.

In the past, he was a co-owner of a company called SilverStar Live.

For some reason, I thought that company was going to do alright, but looks like it took a dump because of a fallout between Mahmoud and his wife, and David Myer.

SilverStar Live was renamed to AI Global, and then AI Expert Advisor.

At this time, I am not sure who is running AI Expert Advisor, but could be David Myer.

After cutting ties with David Myer, it looks like Mahmoud launched his own deal.

Now in SilverStar Live, Mahmoud’s wife, Candace, was the co-owner.

However, it looks like she deleted all her profiles on social media and no mention on the Eaconomy website what she is…

Not sure what happened there…

Sal Leto is the Vice President of Operations.

In the past, he was involved with OneCoin and iPro Network.

Anyway, that’s all I got on the company, let’s look into the products next…

Eaconomy Reviews – The Products

Eaconomy Traide expert advisor

Eaconomy promote two forex bots which they call expert advisors:

  • Traide Ringer – “this advanced expert advisor creates a ring around price like a wheel that rotates and captures profit as the wheel turns”
  • Traide Runner – “this top forex expert advisor can make over a hundred trades a day collecting small wins that add up like a scalper”
  • Traide Compass – “this advanced expert advisor creates a ring around price like a wheel that rotates and captures profit as the wheel turns”

According to their website:

An increasing amount of the trading being done in the Forex market is being performed by Expert Advisors, software that uses Artificial Intelligence (AI). The use of these forex expert advisors is proving, in many cases, to be more successful than just manual trading alone.

Now you can use Expert Advisors in your forex trading. They are no longer just a tool for large financial institutions. Try one of our expert advisors on your own forex account and decide for yourself.

Now they sell these bots for $247 one-time and then a $169 per month.

If you buy more than one, discounts are available, but there is no information on that…

Eaconomy Compensation Plan

Eaconomy itself didn’t have any information on the compensation plan, but when they were marketing it as “Global Takeover” during prelaunch, the marketing video had it there.

Eaconomy Ranks

Overall there are 12 ranks in total within the Eaconomy compensation plan.

Below is the breakdown of the qualifications needed:

  • Rank 1 – Produce 435 GV a month in bot subscription volume and produce and maintain at least three total downline bot subscriptions
  • Rank 2 – Produce 1740 GV a month in bot subscription volume and produce and maintain at least twelve total downline bot subscriptions (split 4/4/4)
  • Rank 3 – Produce 5075 GV a month in bot subscription volume and produce and maintain at least thirty-five total downline bot subscriptions (split 10/10/15)
  • Rank 4 – Produce 13,050 GV a month in bot subscription volume, produce and maintain at least ninety total downline bot subscriptions (split 30/30/30), and recruit and maintain at least three Rank 1 affiliates
  • Rank 5 – Produce 36,050 GV a month in bot subscription volume, produce and maintain at least two hundred and fifty total downline bot subscriptions (split 100/100/50), and sponsor and maintain at least two Rank 2 affiliates
  • Rank 6 – Produce 72,500 GV a month in bot subscription volume, produce and maintain and maintain least five hundred total downline bot subscriptions (split 200/200/100), and sponsor and maintain at least two Rank 3 affiliates
  • Rank 7 – Produce 181,250 GV a month in bot subscription volume, produce and maintain at least one thousand two hundred and fifty total downline bot subscriptions (split 500/500/250), and sponsor and maintain at least two Rank 4 affiliates
  • Rank 8 – Produce 362,500 GV a month in bot subscription volume, produce and maintain at least two thousand five hundred total downline bot subscriptions (split 1000/1000/500), and sponsor and maintain at least two Rank 5 affiliates
  • Rank 9 – Produce 725,000 GV a month in bot subscription volume, produce and maintain at least five thousand total downline bot subscriptions (split 2000/2000/1000), and sponsor and maintain at least two Rank 6 affiliates
  • Rank 10 – Produce 2,175,000 GV a month in bot subscription volume, produce and maintain at least fifteen thousand total downline bot subscriptions (split 6000/6000/3000), and sponsor and maintain at least two Rank 7 affiliates
  • Rank 11 – Produce 4,350,000 GV a month in bot subscription volume, produce and maintain at least thirty thousand total downline bot subscriptions (split 12,000/12,000/6000), and sponsor and maintain at least two Rank 8 affiliates
  • Rank 12 – Produce 8,700,000 GV a month in bot subscription volume, produce and maintain at least sixty thousand total downline bot subscriptions (split 24,000/24,000/12,000), and sponsor and maintain at least two Rank 9 affiliates

GV = Group Volume which is sales volume produced through bot subscription sales to retail customers and sponsoring new affiliates.

Qualifications for MLM Commissions

To qualify for MLM commissions, each Eaconomy affiliate much maintain 55% retail customer volume on their first three legs.

A sponsoring leg is created when you personally sponsored an affiliate.

Caps On Weekly Commissions

Eaconomy has a cap on their weekly residual commissions and bonuses based on the rank you have hit:

  • Rank 1 affiliates can earn up to $37.50 a week
  • Rank 2 affiliates can earn up to $150 a week
  • Rank 3 affiliates can earn up to $375 a week
  • Rank 4 affiliates can earn up to $750 a week
  • Rank 5 affiliates can earn up to $1250 a week
  • Rank 6 affiliates can earn up to $2500 a week
  • Rank 7 affiliates can earn up to $6250 a week
  • Rank 8 affiliates can earn up to $12,500 a week
  • Rank 9 affiliates can earn up to $25,000 a week
  • Rank 10 affiliates can earn up to $62,500 a week
  • Rank 11 affiliates can earn up to $125,000 a week
  • Rank 12 affiliates can earn up to $250,000 a week

Retail/Sponsoring Commissions

Retail and sponsoring commissions are paid when retail customers and sponsored affiliate purchase Eaconomy trading bots.

You can get a $40 one-time commissions on the first bot subscription you sell.

After bot after will be $15 commission.

Fast Start Bonus

Eaconomy pays you a one-time $110 Fast Start Bonus if you sell four trading bots within ten days of getting started.

Now other performance based bonuses are:

  • Team Coded Bonus
  • Matching Coded Bonus
  • Guaranteed income

Cost To Join Eaconomy

Eaconomy membership will run you $79 one-time and then $29 per month.

Final Verdict

So does the Eaconomy scam exist?

Well, let’s see if they are probably registered with the right regulators.

Now according to their compliance:

From day one we’ve had a huge emphasis on compliance and making sure that legally we’re structured in a way that will keep us safe and guarded long-term.

Also:

We are actually working directly with the CFTC and other regulatory bodies to make sure what we do this correctly.

Now only issue with that is government regulators don’t really work with companies.

You just have to follow their rules.

They apparently have spoken with their lawyer to keep up to speed with regulatory stuff.

However, I have seen that in the past and the company gets crushed by the FTC or other regulatory entities.

Also they are showing returns on investment, which gets into SEC territory.

And as of right now, they are not registered with the SEC.

Overall, the company needs to get those pieces together before I can recommend it to anyone.

For now, hold off…

I hope you enjoyed my Eaconomy review and if you have any questions, feel free to ask in the comments below…

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Eaconomy

-Jesse Singh

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