Fraud company...Beware... Review on Capitalvia

This company is a fraud company. I got trapped when one of their marketing person Kumar called me and gave false commitments and explained very very expensive packages that go in lakh starting from 50K. After a week the same person changed my package to 1.5 lacs/month which is just a registration cost for a month. Apart from that this company will be looting you very harshly as they charge 50% of the profit they earn for you and they don't give even a single day to arrange their share. If you don't pay their share of 50% the same day, the next day they stop trading on your behalf and ask for the money first. So all risk is of the customer and for-profit they ask for 50% apart from 1.5 lakh registration cost.

I had 4.5 lakh in my account which was my money after sharing all their profits and paid their registration cost of 1.5 lakhs, they wiped off my account in a single day. Just imaging the type of company is it that doesn't place stop losses at all while trading. These buggers bought options in my account at 410/- and within 2 hours half of my money was gone as these people didn't place any SL. I tried to contact them many times but these buggers won't pick your calls when trade is in the loss. Somehow after I made 10 phone calls the person handling my account transferred the call to some of his colleagues called Shiva as he couldn't face my arguments. This guy is another fraud who has almost zero knowledge and started abusing me instead of apologising. They were not ready to cut the trade and wanted to continue till the next day, though the loss was continuously increasing. By the time the day got over my 4.5 lakh had become 1 lakh and the next day within the next 2 hours whole of the money got wiped off.

Though am feeling very bad my hard-earned money of 4.5 lakh was destroyed by these looters within a single day, but I really wish nobody else fall into the trap of this company so am writing this review here to protect others from this fraud company.

Just imaging within a single day this company made a loss of 98 lakhs for all its 200+ customers. This information was shared by Kumar and Shiva who were handling my account. They told almost all their customers' accounts got wiped off within a single day and many customers had broken their contracts with this company on the same day after changing their passwords so that these buggers can't access their trading accounts anymore.

Check the below points that will give you an idea of how they trade:

1) They took this particular trade within 2 mins of market opening without checking the trend and when it was in the wrong direction, within 5 mins, my account was showing 50K loss.

2) After the trade was going in a reverse direction very fast this company didn't cut the trade on any stop loss and loss kept on increasing like anything.

3) They invest all of your money in a single trade without putting the stop loss and leave it like that. That hardly bothers them how much customer is losing minute by minute but they are so arrogant they won't market to work according to them and not the other way.

4) They were still bearish on bank nifty even after it was falling for a couple of days and already slipped by more than several thousand points. So at the bottom, these people bought bank nifty put options in huge quantity invested around 4.1 lakh in a single trade.

5) This company is so arrogant that after I lost almost 80% of my amount on the first day, the next day which was expiry day these people were suggesting to average on the same option at 9/- which they bought at 412/- a day before. Imaging, this company was expecting within the next couple of hours on expiry day the option would hit 200/- which was trading at 9/-. That's the same option they bought at 412/- a day before.

6) On top of that, this fellow Shiva after being so rude to me on expiry day told if I don't allow them to average another 1K quantity at 9/- and if the option hit 200/- by expiry, I need to pay to the company this differential amount of(1901K) amount as this would be company's 50% share of profit. Both Kumar and Shiva continuously kept on giving false assurances to me for two days saying bank nifty would fall 2K points and trade should be kept open according to their technical analysis team. I had to call them 10 times and they used to answer my call just once. Later, I allowed them to average another 1K at 9/- and so my total investment of 4.2 lakhs on 2K quantity got wiped off within 2 days. These people especially Kumar stopped picking my calls thereafter and he had already told me the company will not be sharing a single Rs of loss with the client but the company extracts 50% of the profit from your pocket if they make money for you.

So here is a complete experience I am sharing with the community so that nobody else may lose their hard-earned money the way I lost after getting associated with them.