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Eaconomy Review – Big Trading Losses Being Reported

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Welcome to my Eaconomy Review. You might have heard of Eaconony being promoted under the moniker “Global Takeover” . That is just the name they are using during prelaunch, I believe. I guess that want to keep the Eaconomy name free of bad press for a while. I will try and be gentle!

I will call it Eaconomy in this review.

Eaconomy is a forex trading bot. As with all trading bots they are terrible for a variety of reasons. But let’s condense it into one point.

Eaconomy Trading Bot Loses Money.

 

Trading Bots are really terrible at producing consistent income.

You will never hear the truth about Eaconomy because the only people talking about Eaconomy are the affiliates promoting it. The only way to get people to use a trading bot like Eaconomy is to never speak about your losses and only post your profits. You will literally never see an Eaconomy affiliate be truthful about the results they get from using the bot.

I feel sorry for the poor old Eaconomy affiliates because, I was sucked into the promises of trading bots once, so I sort of know how it will go. This is how the first 6 weeks will go for an Eaconomy user:

6 Weeks in The Life Of An Eaconomy Affiliate

  1. Excitedly get set up on the forex markets, dreaming of weekly profits on auto pilot.
  2. Lose money…..hmm must be just a hiccup! Lets wait for the bot correction!
  3. Lose more money. Start asking questions in the Facebook group.
  4. Realize that the bot sucks.
  5. Start trying to get affiliate commissions to recoup losses.
  6. Fail to get your money back. Quit Eaconomy never to return.

Lets Check The Facebook Group To See Where They Are At

Reality Is Setting In.

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Eaconomy is Not A Scam, It’s Just Not Very Good.

Eaconomny pisses me off a little bit but it’s not a scam. Let me tell you why it bothers me. Nobody is using Eaconomy EXCEPT for Eaconomy affiliates. Customers are not using the bot because it loses money. If customers were using the bot, I would have no problem with it. It’s only purpose for existing is to flog affiliate commissions. 

On with the review. If you can get over the fact that you have to flog a dead horse to make money, we can move onto the opportunity itself. By the way if you want to make money with something that actually works, check out a legitimate way to make money online.

Eaconomy Review – Summary

Key Figures: Adam Wenig

Product Type: Forex Trading Bot MLM

Summary: Customers pay $247 and then $167 per month.

Affiliates pay $79 one time and then $29 per month. Free use of the software can be obtained by having 3 active users per month. 

They also have a MLM compensation plan.

See The Comp Plan Here.

This is a case of a product being secondary to the “opportunity”. The only people using this consistently will be affiliates. The lack of customers may attract FTC compliance officers.

Rating: C-

Verdict: When you have no real customer base and the majority of users being promoters of the product, you start to look like a pyramid scam. I will stop short of saying it’s a scam. Trading bots never deliver consistant gains and often cause losses. Just like trading manually.

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Quick Navigation

What Is Eaconomy?

There are alot of people pushing trading bots. They all claim that “this bot is different than the others”. Trading algorithms do not out perform the market. You WILL experience losses.

You can get the same results doing manual trading. So why bother buying the Eaconomy bot.

The only reason I can think of is that you can make money promoting the Eaconomy opportunity.

Whilst, I am pretty happy with the income from my top way to make money online, I am still  going to be unbiased with my review of Eaconomy. 

Let’s get into the details with the products and opportunity of Eaconomy.

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Eaconomy Product Range

Did you know that Adam Wenig was previously a key partner for the AI Global Markets Bot. Wenig had a big falling out with the AI Global CEO David Mayers. As a result of the disagreement Wenig was forbidden from using Mayers trading algorithms.

Its easy enough to find an equally bad trading algorithym to use and that is what Adam Wenig has done. Eaconomy is the MLM opportunity that has resulted.

To use the new bot customers pay $247 and then $167 per month.

Affiliates pay $79 one time and then $29 per month. Free use of the software can be obtained by having 3 active users per month. 

 

Compensation Plan

 

Direct Sale Bonus

After you have 4 sales you will $40 is paid for each sale thereafter. This is a once off bonus per sale paid on every $247 sale made.

Fast Start Bonus

$110 is paid on your fourth sale if it is made within 10 days of you starting.

One Time Bonus On Extra EA’s

$15 is paid as a one time bonus, whenever your customers make extra EA purchases.

Team Coded Bonus

Once off bonus on first orders made by customers.

Rank 1 – Earn 15% on your first 3 teams first 3 sales to unlimited depth.

Rank 2 – Earn 20% on your first 3 teams first 3 sales to unlimited depth.

Rank 3 – Earn 25% on your first 3 teams first 3 sales to unlimited depth.

Rank 4 – Earn 25% on 4th team and all other personal enrollment teams first 3 plus extr 3% unlimited depth.

Rank 6 – Earn 25% plus extra 5% unlimited depth.

Rank 5 – Earn 28% on your first 3 teams first 3 sales to unlimited depth.

Rank 7 – Earn 30% on your first 3 teams first 3 sales to unlimited depth.

Rank 8 – Earn 25% plus extra 7% unlimited depth.

 

Coded Matching Bonus

Paid weekly.

Rank 2 – 15% matching bonus paid on top 3 earners from first level who earned highest coded bonus for the week.

Rank 3 – 10% matching bonus paid on top 9 earners from first level who earned highest coded bonus for the week.

Legacy Residual Bonus

Earn a weekly residual bonus at each rank.

Ranks Monthly GV Downline Rank Req Qualified Subs Weekly Residual Lane Max
Rank 1 435 nil 3 $37.50 NA
Rank 2 1740 nil 12 $150 4/4/2004
Rank 3 5075 nil 35 $375.00 10/10/15
Rank 4 13050 3 at Rank 1 90 $750 30/30/30
Rank 5 36050 2 at Rank 2 250 $1,250 100/100/50
Rank 6 72500 2 at Rank 3 500 $2,500 200/200/100
Rank 7 181250 2 at Rank 4 1250 $6,250 500/500/250
Rank 8 362500 2 at Rank 5 2500 $12,500 1K/1K/500
Rank 9 725000 2 at Rank 6 5000 $22,000 2K/2K/1K
Rank 10 2.175 Mil 2 at Rank 7 15000 $62,500 6K/6K/3K
Rank 11 4.35 Mil 2 at Rank 8 30000 $125,000 12K/12K/6K
Rank 12 8.7 Mil 2 at Rank 9 60000 $250,000 24K/24/12K

 

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What I Like About Eaconomy

 

Decent Compensation Plan

If you feel like Eaconomy will last the distance, you might be happy to know that the comp plan pays pretty good. Specifically their is enough scope to build a weekly residual income. 

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What I dislike about Eaconomy

Would A Customer Use This Product Long Term?

If a product is so good that customers will be satisfied using it without promoting, then you have a good product. I just do not believe that people will be satisfied with the results that they get from using Eaconomy. The affiliates will say it’s amazing, I just don’t believe them.

If it wasn’t for the comp plan, nobody would care about Eaconomy.

High Regulatory Risk

Let me be clear Eaconomy is NOT a ponzi. However, it does seem to veer pretty hard into pyramid scam territory. The FTC considers anything that prioritizes the “opportunity” over the product. Thats kind of exactly what is going on here. Let’s face it Eaconony will be used by 99% affiliates only. There will be virtually no long term retail customers.

The fact that it’s a Forex product, greatly increases the risk that Eaconomy will be shut down. What happens when Joe Bloggs burns through $15K in his first week using the Eaconomy bot? He goes straight to the FTC or SEC to file a complaint. I have a feeling that the complaints boxes at both departments will get pretty full. When that happens you can expect a shut down.

The Real Deal With Eaconomy

To be fair Eaconony is not a scam but it has some big problems. The bot underperforms and will be a complaint magnet. The regulators love nothing better than administering a good ass whipping to a Forex MLM….grab some popcorn

Verdict

Not worth the effort to promote. I give it a C-

#theprelaunchinspector

Julian Leahy

The Prelaunch Inspector

How I Make A Living

I have developed a strategy using a legitimate affiliate program that allows me to hangout at home with the kids all day.

18 Comments

  1. Emmanuel John

    This article was well put together and gave me a better insight into trading. Yes Forex trading is one of the riskiest investments of this time with 98% fail rate. This is only because of the simple fact that 2% of the traders are the ones with knowledge on the subject. There are products and services solely made in order to enhance the trading experience. This helped me when I was a beginner to make my first $

  2. Maurice

    Lost all my equity this week. Equity protector doesn’t protect. The groups related to the company post only the few people that have made profits ( for now).
    They have great “damage control” in that any negative post will not b posted. The program doesn’t work!!!

    • Julian Leahy

      Hi Maurice, thanks for the update. It seems like that’s how it goes for these auto trading platforms. Actual results are usually very different to what you see being posted on Facebook.

      • Maurice

        Lots more people will lose $ during sharp downturn markets n the program keeps BUYING MORE LONG POSITIONS. Worse, instead of waiting for the markets to recover it SELLS UR POSITIONS n there’s no way for u to stop the program n get out!!!

      • Maurice

        This is gonna b a brutal week for users cuz the program will “double down” n buy long positions instead of shorts which will quickly deplete the equity of users.
        More importantly, losses will pile up in minutes. If u sell the positions, u will take a beating. If u don’t, this “smart” program will!!

  3. Jacob Elder

    LOL how long did you test this for? I only got access to it to test it as a pre-signed up person on I believe april 26th. It was also told to test run it on paper account for the first two weeks atleast.
    I tested for 5 weeks. then organized my real account. 13 weeks of trading including both accounts. I have never taken a weekly loss. I do exactly as Eaconomy suggests with being conservative and getting out of the market early in the week. I also have only about 3 months knowledge trading the stock market experience before this but you do need to have some knowledge. Then you need to watch it and make decisions yourself.
    Don’t blast it the week it came out on one test run.

    • Allstar6969

      Hello sombody out there who has good results actually for long time ?
      And do actually what eaconomy/ the programm or group says ?

      I thought about to test it
      For lil extra money every month
      But only as Ki user not as mlm
      I dont want to network
      Cause as it said if its really that good u dont need to convince some/anybody

      • Clint Scarth

        Yes it works incredibly well. Ask the moderator to get oyu in touch with me if you wish. I have not gone the MLM route but I have made good coin in forex with it. I can post audited accounts to show you 3rd party verified accounts

  4. Cindy

    When are people going to wise up already, these type of get rich quick schemes are what gives this home based business industry a bad name and will continue to do just that. Anyone who invests in these high risk, high yield offers are destined to loose and loose big time especially if you are enticed by some of these team build players who say they will position you right and get in and we will give you a position and build this for you. Forex trading with trading bots is an age old classic scheme/scam and if you have money to flush away then flush it otherwise so many better places that are actually safe and secure to invest your real dollars.

  5. Chris Bennett

    HI
    I recently Joined in October 2019 and i’m glad i didn’t see these comments because i wouldn’t have joined. I started with a demo account of $3000 on the ringer and it went well, i got 100% return in 3 1/2 weeks. Then i went live with $3000 with less aggressive settings and I’ve made 30% on my money in November and 20% so far in December today’s date is Dec 16th 2019.

    It’s concerning as i’m a believer of the software and has had a great experience thus far. that it even makes me question the software without any negative experiences based on the comments above.

    bottom-line is the software is self managed and what people don’t record is there effort to make 1 million in a week or when they adjusted the software to be super aggressive.

    So far its been awesome for me and i’m about to tell all my friends

    • Peter

      Chris Bennett Are you german or an english speaking guy? I’ts funny b’cuz I’ve seen a comment from you in german also, and it was at a very bad level.
      @all others: I get more and more sure that eaconomy ist not worth any dollar! Chris does also german posts,and I think they haven’t only trading bots, b’cuz Chris sounds also like a bot – LOL

  6. Sarah

    This is all complete bull crap

    Be careful reading these articles online ppl.

    I have been using the software for a year now along with having 700+ customers who are all Loving it.

    Only ppl that lose money here are the ones that are greedy and over leverage the software.. because it’s forex the software is not magic..

    And we even share those results to show ppl WHAT NOT TO DO.

    This is all made up..

    So pathetic

    • Jeff

      I have personally lost $200+ using this shitty software. It opens bullish trades during a downtrend, a fucking 4 year old could tell you the direction of a trend. So why can’t the “super intelligent robot” find the direction of a trend? Also yes you guys don’t allow negative posts great “transparency”. I will leave the account open for 2-3 more months and then update.

        • Jeff

          You’re welcome! Btw Sarah^ your calls and everything you MLM marketers do is focus on dragging people into your pyramid. Where are your results where are the facts? The reason I hate all of this so much is because it’s not focused on the trading it’s all about building your damn pyramid. Get real!

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