Incite AI Review: Basing a Phishing Fraud on a Fake AI Tool
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Artificial intelligence seems to be the new buzzword with various financial swindlers. Fraudulent sites are popping up left and right, every one of them promising to somehow improve your profits with their magical trading solution.
Our Incite AI review will analyze the inner workings of one such hoax and show you how to stay safe when trading.
General information | |
Name | Incite AI |
Type of the company | Incite Inc. (alleged) |
Regulation status | Unregulated / none expected |
Warnings from Financial Regulators | N/A |
Website link | inciteai.com |
Active since | 2019 |
Registered in | Delaware / California (alleged) |
Contact info | [email protected] |
Trading platforms | None |
Majority of clients are from | United States, United Kingdom, India, Canada, Greece |
Customer support | Contact form |
Compensation fund | No |
Who Owns Incite AI Brand?
On paper, the Incite AI stock analysis software is owned and operated by Incite Inc. from Delaware, US.
Or was it California, US? You see, the Terms and Conditions aren’t exactly clear about this. In one same document, the firm uses several different addresses and multiple names.
The address in California turned out to be fake, as it belonged to a real estate development firm. Speaking of fakes, one of the names that these terms falsely implicate is Open AI, a tech giant responsible for the development of ChatGPT software.
Of course, there is no real affiliation between these two firms. It’s even questionable whether Incite Inc. actually exists as a legal entity. The website owners never disclosed any company registration numbers, and there are plenty of companies named Incite in Delaware.
In California, we got about 30 results, but none of the companies in the registry matched the name completely. This sort of informational ambiguity is a hallmark of fraudsters and is something Pro Trade Funded does as well. It allows them to claim legality through the absence of evidence to the contrary.
The company, if you can call it that at this point, is rather active on social media. Its profiles on Facebook, Instagram, X, Pinterest, and TikTok, however, are populated by stock photos pulled from the internet.
Many of these profiles revolve around the persona of Nicolli Massachi, the firm’s alleged CEO. It’s your basic run-of-the-mill scam promoter, complete with lavish dinners, exclusive locations, and the works.
If the company was as successful as this apparent millionaire playboy CEO would want us to believe, there’d be some feedback in the form of Incite AI reviews. There’s basically none of that, even though the company website dates back to 2019. While the company profile is claimed, the Incite AI Trustpilot page is still empty.
Pros & Cons
Before we discuss the pros and cons of this service, we need to discuss the Incite AI app first—or, better said, how dysfunctional it is. The app is a glorified chatbot, which is completely unable to generate a response even from a set of predetermined questions. Take a look:
Other times, it just spews random information nobody has asked about. This entire interaction was generated for a prompt that said, “Tell me about stocks”:
Its real purpose is to act as a phishing platform, as it constantly pesters you for personal information in the middle of a “conversation.”
So, without further ado, let’s take a look at our pros and cons table:
Pros | Cons |
None | Online scam platform |
Non functional software | |
Website acts as a phishing bait | |
Run by anonymous people |
Some of the company’s social links mention Incite AI crypto analysis, but we found no trace of it on the site.
Incite AI Accounts and Costs
In all honesty, we have a huge list of critiques about this whole platform. So large in fact, that there’d have to be a whole article dedicated only to Incite AI complaints.
While there is an account creation, it serves no other purpose than collecting personal information to sell it off to other scammers like Mainet Funded. Neither the site nor any affiliate links mention any account prices, subscriptions, or anything else.
If you are looking for a reliable way to improve your income potential, why not try prop trading instead? We offer up to $180,000 in funding to traders who excel in the markets. When you’re ready, you can book a free Zoom meeting with our representatives.
FAQ
What is Incite AI?
It is an online phishing scam that uses a facade of AI analysis software to collect information about traders.
Is Incite AI Free?
The website does not contain any information about costs or subscriptions. While this may imply that the service is free of charge, you should watch out for any hidden fees.
How Much Does Incite AI Cost?
There is no pricing information available on the website. This, however, doesn’t mean that the service is free - many fraudsters use hidden fees to squeeze money out of their victims.