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%).

🤖 Quick Answer

What is the Eaconomy securities fraud warning from New Zealand's Financial Markets Authority?
The FMA issued an October 2nd, 2024 warning against Eaconomy LLC for promoting AI-powered trading software and copy trading platforms (Manara, Eminus) for binary options, cryptocurrencies, and forex. The authority expressed concerns that Eaconomy creates misleading impressions about platform safety and lacks authorization to provide financial services under New Zealand law.

What products does Eaconomy offer according to the FMA warning?
Eaconomy promotes AI-powered software and copy trading platforms named Manara and Eminus. These platforms facilitate trading in binary options, cryptocurrency assets, and foreign currency markets, marketed as making trading easier and safer despite the inherent complexity and risk involved.

Why did New Zealand's FMA issue this warning?
The FMA warned that

🔗 Related Articles

- Eaconomy Review 2.0: Third relaunch, compliance issues
- Eaconomy securities fraud warning from QC, Canada
- Eaconomy Review: Silverstar Live reboot without convicted fraudster
- Eaconomy securities fraud warning from Slovakia
- Eaconomy securities fraud warning from UK