Eaconomy has received a securities fraud warning from New Zealand’s’ Financial Markets Authority (FMA).

As per the FMA’s October 2nd, 2024 Eaconomy warning;

Eaconomy promotes its AI-powered software and a “copy trading” platform (i.e. Manara, and Eminus) for binary options, crypto assets, and foreign currency trading.

Its website creates an overall misleading impression that its trading platform and software can make trading easier and safer, including in binary options, which is a highly complex and risky product.

We recommend caution when dealing with Eaconomy LLC/Eaconomy, or any individual or entity promoting its services or products.

We are concerned Eaconomy is not authorised to provide any financial services or products under the New Zealand law.

The FMA cites previous Eaconomy fraud warnings from Norway and Quebec, Canada.

Eaconomy is an AI trading bot MLM company run by US resident Hassan Mahmoud (right).

BehindMLM last reviewed Eaconomy in 2021, noting both securities and pyramid fraud concerns.

Eaconomy markets two monthly subscription memberships … the primary difference between the two options is the automated trading bot, renamed “Aithena”.

Aithena is available through Elite Pro only. Supposedly Elite Pro is not available in the US.

Outside the US Eaconomy is committing securities fraud in every jurisdiction Elite Pro subscriptions are being sold.

Today Eaconomy markets two memberships on its website; Eminus and Manara.

Eminus offers “trade ideas”. Manara is an AI grift, again offering trade ideas. No pricing is provided.

The CFTC previously fined Mahmoud $75,000 for commodities fraud in 2019.

SimilarWeb tracked ~159,000 monthly visits to Eaconomy’s website as of August 2024. Top sources of Eaconomy website traffic are currently Poland (29%), Colombia (16%), the UK (9%), Philippines (8%) and the US (6%).