Iqonic Review: Eaconomy’s Zombie Reboot Dressed as an AI Trading Miracle

Because when your MLM collapses three times, the logical next step is to just rename it and pretend it’s new.

Ladies and gentlemen, welcome to my Iqonic Review — the MLM world’s version of reheated leftovers. If you thought Eaconomy was finally dead, surprise! It’s back from the grave with a new name, a fresh coat of AI paint, and the same shady crew calling the shots.

You know what they say: If at first you don’t succeed (or get caught by regulators), just rename the company and go again!

Let’s take a closer look at Iqonic — the totally-not-Eaconomy reboot that’s apparently here to revolutionize trading… again.

Wait before I do…

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🕵️‍♂️ Igonic Company Overview: Same Clowns, New Tent

Iqonic’s website (iqonic.life) was privately registered on March 1st, 2025. No names, no real company details, and zero transparency — just the way MLM scam connoisseurs like it.

But here’s where it gets juicy…

This isn’t a brand-new company. This is Eaconomy 4.0, rebooted after its website conveniently vanished in early April 2025.

And who’s behind the curtain?

• Hassan Mahmoud – the man, the myth, the CFTC settlement.

• Edwin Haynes – of Axxces (another now-defunct MLM trading scheme).

• Jarrod Wilkins – longtime Eaconomy sidekick.

To recap: Hassan Mahmoud has a stellar track record that includes…

• Co-owning SilverStar Live, which got slapped by the CFTC in 2019 for illegal trading activity

• Paying a $75,000 settlement for operating as an unregistered Commodity Trading Advisor

• Running Eaconomy, which collapsed more times than a lawn chair at a sumo match

• Accumulating fraud warnings from Canada, Norway, New Zealand, Slovakia, the UK, and Czechia

Now he’s back with Iqonic, the spiritual successor to Eaconomy — but with more AI, more buzzwords, and (somehow) even less regulation.

🧬 Eaconomy Drama: Lawsuits, Ex-Wives & Crypto Beef

Back in January 2025, Mahmoud sued Josh Zwagil, owner of My Daily Choice.

Zwagil responded like any mature adult would — by teaming up with Mahmoud’s ex-wife, Candace Ross, to accuse him of fraud. A true MLM soap opera.

Both lawsuits were dismissed in February, suggesting someone wrote a big, fat settlement check to make it all go away. But the beef lives on in Iqonic’s app, which is secretly published by MLM Protec LLC, a Delaware shell owned by — surprise — Josh Zwagil.

So now we’ve got:

• One guy running the company (Mahmoud)

• Another guy building the app (Zwagil)

• And an ex-wife who helped build the original version (Ross)

Is this a trading company or an episode of Jerry Springer?

💻 Iqonic’s Products: Subscriptions, Scanners, and Swipes

Iqonic sells subscriptions to a handful of tech-sounding services:

• Manara – AI signal scanner

• IQverse – crypto trading

• Solexx – forex education

• Swipe to Trade – swipe-based signal trading

• IQ Academy – trading education

• Stock Options – options training

• Ploutos – trade ideas

Each service is bundled into different pricing tiers:

• Elite Pack – $149.99 + $99.99/month

• IQverse Pack – $149.99 + $119.99/month

• IQverse Pro Pack – $199.99 + $150/month

• Elite Pro – $199.99 + $149.99/month or $1499 annually

Translation: Pay hundreds of dollars for “signals,” “training,” and other vague trading advice.

But here’s the fun part: none of this is registered with the SEC, CFTC, or any financial authority anywhere. And considering Mahmoud’s history with autotrading violations, this smells worse than a three-day-old tuna sandwich.

💰 The Iqonic Compensation Plan: Pyramid Reloaded

Like any self-respecting MLM scheme, Iqonic offers a 13-rank affiliate system that practically begs you to recruit everyone you’ve ever met:

• Apprentice – recruit 4 people

• Influencer 500 to Legend – recruit up to 18 people and build a downline of 48,000.
  Yes. Forty. Eight. Thousand.

If you somehow manage to reach the Legend rank, they promise you $290,000 per week.

Because, you know, that’s totally sustainable…

💸 Recruitment & Residual Commissions

Recruit someone? Here’s what you get:

• Elite or IQverse Pack = $30

• IQverse Pro or Elite Pro = $50

• Elite Pro Annual = $100

Then there’s residual income, which ranges from $25/week for Apprentices to an eye-watering $290K/week for Legends.

The catch? Everyone in your downline has to stay active and pay monthly. Miss a payment, and your whole pyramid starts wobbling like Jenga.

🧾 Cost to Join Iqonic

Membership starts at $29, then $15/month to stay active as an affiliate.

But that’s just the entry fee. The real money is made when you subscribe to the higher-priced packs — or better yet, get others to do it.

Classic MLM playbook:
Low entry fee to bait you in → high subscription fees to drain your wallet → pipe dreams of becoming a “Legend.”

🛑 Legal Gray Zones (A.K.A. Future Regulator Slapdowns)

Let’s get serious for a second.

Iqonic appears to offer:

• Commodities advice

• Automated trading signals

• Forex tools

This makes them subject to CFTC registration as a Commodity Trading Advisor (CTA) — a requirement Mahmoud already violated with SilverStar Live.

If “Swipe to Trade” executes trades on behalf of users (even if it’s just one finger-swipe away), that could count as exercising trading authority.

That’s a major no-no if you’re not registered — and guess what?

Neither Iqonic nor Mahmoud show up in the CFTC’s NFA database.

🎯 Is Iqonic a Pyramid Scheme?

If over 50% of Iqonic’s subscribers are also affiliates, then yes — by FTC standards, that’s a pyramid scheme.

Want to test it? Ask your upline:

“How many people you referred are just customers — not affiliates?”

If the answer is “uhh, none,” then congrats — you’re halfway up a pyramid.

🤔 Final Verdict: Iqonic? More Like Ironic

Because it’s ironic that a company with a history of collapses, lawsuits, and regulatory violations thinks it deserves a second (or fourth) chance.

Iqonic is:

• A rehash of Eaconomy

• Run by the same team

• Offering similar services

• Operating in the same legal gray areas

If the trading signals and AI tools were actually profitable, why did Eaconomy collapse?

And why the need for so many reboots, settlements, and secret app developers hiding behind LLCs?

Answer: Because it’s not about the tech.
It’s about the monthly subscriptions, affiliate fees, and constant recruitment.

Iqonic isn’t here to help you trade.
It’s here to trade your money for false hope.

Final Advice:

If someone tries to pitch you Iqonic as a legit trading company, ask them how many times they’ve been sued this year.
Then politely walk away and maybe invest in something that doesn’t come with a side of MLM drama and regulatory heat.

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