Eaconomy has received a securities fraud warning from the UK’s Financial Conduct Authority (FCA).

As per the FCA’s November 25th, 2024 warning;

[Eaconomy] may be providing or promoting financial services or products without our permission.

You should avoid dealing with this firm and beware of scams.

The FCA cites Eaconomy’s “eaconomy.best” website domain and UK and US corporate addresses.

In addition to the UK, Eaconomy has received regulatory fraud warnings in Quebec (Canada), Norway, New Zealand Slovakia and Czechia.

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 ~222,000 monthly visits to Eaconomy’s website as of October 2024.

Top sources of Eaconomy website traffic are currently the UK (48%), Poland (12%), Colombia (8%), the US (7%) and the Philippines (6%).

Eaconomy is not registered to offer securities in any of these jurisdictions.