CogniPay International has been flagged by Finansinspektionen for "Fraud and Other Types of Misconduct". Loan Fee Fraud
CogniPay International has a website (www.cogni-pay.com) and is using the following contact information:
CogniPay International
1 Rue de la Banque, 75002 Paris
France
Telephone: +330751183142
E-mail: [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.cogni-pay.com.
The hidden fees at CogniPay International are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Clean UI|Easy withdrawals
Cons: Wait times can be long during peak hours|Some tools only available on higher tiers
Do not be fooled by the professional-looking website. Behind the scenes, CogniPay International is disorganized and incompetent. I found them after seeing their ad online and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Market news feed|Transparent fees|Fast execution|Dividend tracking
Cons: Limited demo account features|Website design could be more modern
After doing some research AFTER the fact (I know, I should have done this first), I discovered that CogniPay International is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
CogniPay International has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: API access|Fast support response|Comprehensive tools
Cons: None so far
The platform itself is okay, but the customer service at CogniPay International is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Comprehensive tools|Stable platform
Cons: Desktop app not available on Linux
After seeing ads for CogniPay International online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Finansinspektionen. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Not registered with regulators|Unrealistic promises
I requested my data from CogniPay International under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Economic calendar|Fast execution|Customizable dashboard|Portfolio tracking tools
Cons: Slow to add new assets