Yes, you are right pyramid schemes are illegal. But, myEcon is not a pyramid scheme. It's a MLM — a multi-level marketing scheme — which is not illegal..
Accordingly, is myEcon a legit company?
MyEcon is not a scam. They do sell legitimate financial products and services. However, this is not an opportunity I would recommend. The biggest problem with their business model is that they're too focused on rewarding recruitment.
Beside above, what exactly is myEcon? myEcon (short for “My Economy”) is a network marketing company in the United States. Apparently, they help people attain personal financial success, within their own “personal economy”. And they do this primarily through the 'Income Shifting Membership' and the attached business opportunity.
Also Know, how much does it cost to join myEcon?
The starting cost to join is $8 per month. Credit Monitoring – This is exactly what it is named. This service monitors your credit score but it comes with a price. It will cost you $24 every 6 months to use it.
How does myEcon help your credit?
MyEcon is in the personal finance industry and offers services to help people fix their credit, get their withholding tax correct so you have less withheld, and have products you can sell.
Related Question Answers
How do I cancel myEcon membership?
TERMINATION OF MEMBERSHIP. YOU MAY TERMINATE THIS AGREEMENT AND YOUR MEMBERSHIP AT ANY TIME BY CALLING US AT THE TOLL-FREE NUMBER LISTED ON YOUR MEMBERSHIP WELCOME MATERIALS, WELCOME EMAIL OR THE PROGRAM WEBSITE OR BY NOTIFYING US IN WRITING AT MEMBER SERVICES, P.O. BOX 1559 PONTE VEDRA BEACH, FL 32004.Who is the owner of myEcon?
Ivey Stokes and Alvin Curry, the founders of MyEcon, were Chairman and CEO, respectively, of a company called Maxxis Group Inc, an MLM that was founded in 1998. It specialized in communication services, marketing services, and nutritional products (Body One?).What type of business is myEcon?
myEcon is a home-based, direct sales company that pays commissions to its Associates when and if they make sales of our products and services.Is myEcon available in Canada?
Can I use the myEcon Mall if I live outside the U.S. and Canada? Yes, as long as the store you are purchasing from will ship outside of the U.S. and Canada.What is myEcon net?
According to myecon.net, myEcon is a privately held corporation based out of Atlanta, USA that focuses to, “empower people to attain Personal Financial Success.” Rendering online earning opportunities that encompass a variety of unrelated niches, myEcon is structured as an underlying pyramid scheme embodying a MLM.How much does MyEcon cost?
Cost To Join myEcon Sales Associate – $80 one time and then $10 a month (no cashflow manager) Marketing Director – $179.95 one time and then $34.95 a month. 
