CogniTrade is a great example of how in the global financial markets, new options for advancement are emerging every day. The question is if you can trust it.
Science and culture make are making waves in the markets, opening the doors to new opportunities. Whether it's online crowd funded rock albums or GPS linked dog collars capable of interfacing with a smart phone, new technologies are opening all kinds of doors for would be investors with the sense and savvy to notice them.
For many people, the dot com bubble bursting was only a temporary setback for the onslaught of technology fueled investment opportunities that will likely never let up, as long as there are clever inventors out there.
Is CogniTrade a Scam?
However, with the rise of new opportunities come new opportunities for scams, hustles and get rich quick schemes. Sometimes cutting through the lies and deceptions can be difficult, particularly when a scam hints at riches that could make almost anybody's financial difficulties disappear with ease and minimal effort.
Oftentimes these scams take the form of questionable software that is a hopeless money pit at best, and an active attempt at harvesting emails at worst. With all the horrors associated with too good to be true get rich quick schemes, the only thing keeping these scammers in business is the fact that human nature will do foolish things, particularly when desperate.
New scam software emerges on the market almost daily, with the latest and most disturbing of which is the CogniTrade program. Claiming to be the result of advanced research in artificial intelligence and state of the art smart programming, this software is really anything but advanced.
The main sign that CogniTrade is nothing more than a glorified scam is how the software's website boldly claims that a minimum of $1,500 in profits a day is “guaranteed”. The site's risk disclaimer more bluntly claims that the entire system is a high risk investment, directly contradicting their own claims. It should be clear to any trader that there is risk involved in the markets. There are no guarantees, and no such claims should be made by any system.
Endorsed By IBM?
Even more questionable is the experts the program's salespeople cite as spokesmen. Dharmandra Modha of IBM's Cognitive Computing division (IBM's home for some of its most advanced theoretical programming work) and Eric Brown of Watson Technology both appear in videos selling this worthless piece of software.
However, neither of these men are in any way associated with CogniTrade, and footage from filmed talks for other videos was simply spliced in to the promotional videos to make it seem as if these two high flying technology experts were endorsing a piece of software that can't decide if it actually works or not.
On top of that, the woman appearing in their sales video as a user that gives a testimonial is not who she claims. Take a look at the images below and you will see that she was simply paid $5 as an actress to fake her endorsement.
Overall, this CogniTrade software is nothing but a scam. Though it is technically an automated trading platform, there is nothing the software does to make good on its over the top promises of massive profits.