CogniTrade System is the name of a brand new binary options system which was Supposedly established by Cameron Doyle who is also CEO of the company behind it. He claims that the robot has a 95.2% success rate, but there is little evidence to support this.
The profit-amplifying solution can allegedly leverage on the huge volumes of trading data that exist onto the online space. Its founder states that it can accumulate up to $1,500 per day even to inexperience users.
We conducted in-depth research into it in order to determine whether this is true, but the results came back negative. CogniTrade Software is most likely dubious and our best advice is to Proceed to Safe Binary Robot OR Choose a Trusted System from the following table.
Top Binary Options Robots
|Robot||Win Ratio||Open Account|
|Up to 200%||
- Price: Free Software
- Software: Cognitive Computer System
- Max Returns: 95.2%
- Min Deposit: $250
- Intriguing Concept
- Involves Significant Risk
- Success Rate Not Authentic
- Unreliable Platform Connections
- Negative User Feedback
- Fake Founder
Not Reliable Service
What is CogniTrade System?
This automated investment solution was supposedly founded by Cameron Doyle who has previous professional experience at IBM as a software engineer. He states that he has also acted as a system analyst for the computer giant, fixing data gaps and troublesome coding.
As much as it would have been good if this were true, we could not come across any verifiable data that confirms it. Cogni Trade System allegedly accepts only 20 new members per day which is also not true.
Mr. Doyle states that the binary options robot will become paid tomorrow and urges users to hurry up, but there is no reason to do this. Our experiment goes to show that this will not happen and sign up is not limited.
Pressure tactics such as the one described above are not uncommon in the binary options industry. Most creators of scam software seek to make as many people as possible deposit funds before the devious robot disappears from the Internet space.
How Does CogniTrade Software Operate?
This income-generating solution supposedly applies an extremely sophisticated principle based on cognitive computing technology. This would have been great if it were true, but all reliable data suggests that it was stated only to make Cogni Trade Software appear more legit.
It is further explained that it takes an insignificant automated cut out of every online investment made on the market by connecting it with the user’s personal account. Investors should not take this info for granted as it is also a piece of fabricated information.
One better proceed to a trusted and legit binary options robot like FinTech Limited. It is designed and established by well-known investor Daniel Roberts and has full technical ability to generate up to $5,000 per day.
Is CogniTrader System a Scam or Legit?
All available data goes on to prove that CogniTrade System is a scam. None of the people shown in the promotional video are real. They are just hired actors. Supposed creator Cameron Doyle states that the auto-pilot robot has accumulated sums of up to $16,000 in a single day but most of the existing user feedback is negative.
There are more people who have lost savings because of the binary options software than those who have achieved success with it. Not only this, but it operates in close relations with some unregulated and not very well respected online broker platforms. It is best to avoid using it.
CogniTrade Software does not have the capacity to fulfill what founder Cameron Doyle promises in the ad clip. There is not a single person who has managed to accumulate any kind of profits with it. Users should be weary and sign up with a binary trading system that is fully legit and authorized. This allegedly income-generating solution will not get the job done and is a likely scam.
Our investigation team conducted a comprehensive investigation on Cogni Trade to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Cogni Trade is generating high profits. We found many reasons that made us suspicious about this robot being a scam.
In order to protect traders from bad trading experience and financial loses we recommend you to
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.
References & Further Reading
1. Metaphor, computing systems, and active learning – (John M. Carroll & Robert L. Mack, International Journal of Man-Machine Studies, Volume 22, Issue 1, January 1985, Pp. 39–57)
2. Home Bias in Online Investments: An Empirical Study of an Online Crowdfunding Market – (Mingfeng Lin & Siva Viswanathan, Management Science Magazine, Issue 9, September 2, 2015, pp. 1393 – 1414)
3. High frequency trading and the new market makers (Albert J. Menkveld – Journal of Financial Markets, 2013)
4. Stealth trading and volatility: Which trades move prices? (Michael J. Barcley, Jerold B. Warner – Journal of Financial Economics, 1993)
5. Evidence that stock prices do not fully reflect the implications of current earning for future earnings (Victor L. Bernard – Journal of Accounting and Economics, 1990)
6. Differential interpretation of public signals and trade in speculative markets (Eugene Kandel, Neil D. Pearson – Journal of Political Economy, 1995)
7. The new global trading order: The evolving state and the future of trade (Dennis Patterson, Ari Afilalo, 2010)
8. Method and system for pricing options (David Gershon, 2000)
9. The Effect of Social Media on Trading Behavior: Evidence From Twitter (Paul, Tanya; 2015)
10. System, method and computer program product for online financial products trading (Reid Heffner, Gabriel Minton, Jonathan Poletti, 2003)