Argudex.com has gained significant attention online for its claims of generating passive income through cryptocurrency and foreign exchange trading. However, as with many schemes making exaggerated promises, red flags have been raised, and a sense of skepticism surrounds the legitimacy of Argudex.
The company’s website is well-designed and appears to be convincing, touting the idea of novice investors earning substantial sums with minimal effort. The story of Argudex suggests that it uses machine learning algorithms to predict market fluctuations, leading to successful trades that yield generous returns.
One cannot dispute that the concept of leveraging AI for investing or trading has vast potential. Companies like Goldman Sachs Group Inc. and JPMorgan Chase & Co. are investing millions in machine learning for market forecasting and trading purposes. The industries and general concept are legitimate and based on current scientific knowledge.
However, a closer inspection of Argudex reveals a possible scam. Websites like “argudex.com” with promises this enticing and so easily fitting the profile of other known ‘get rich quick’ schemes carry a higher risk of being a scam. Peoples’ financial futures are lost not just in these situations, but the more significant impact is the effect this can have on financial security and trust towards other investment opportunities.
Further scrutiny resulted in numerous complaints about the company not facilitating withdrawls and difficulties in receiving any payouts from investors. While it may start well, companies that inflate hopes to the point of promising returns beyond conceivable market fluctuations eventually save their potential profits by nickel-and-diming away poor communication and lingering onto excessive promises.
