CapitalVia - Worst Ever Experience and Losses
Capital Via aims only at pushing their sales. They never think of the hard earned money of the investor. I previously worked on my broker's recommendations and was very much satisfied. But working with capital via was the worst, I lost 50% of my money in 1 month that never happened in the past 9 months when I started trading.
The people are very irresponsible. They will make fake commitments. Being researchers, they even just can't get that whether your brokerage will be more or their profits which I believe are rare. They give you about 3 trades per day and you can't trade on all those because of your limits of investment. So the call you pick in a day you never know it will be a loss or profit. Hence profits are rare and that too if you trade all recommendations.
I took two packs in Options and Nifty options both ended in loss of around Rs. 18, 000.In midway I stopped their services. On inquiring, their senior person told me that only 40% of customers are satisfied and I am sure value is far below that.
On registering my complaint they replied they had made me a profit of Rs. 19, 214 out of 84 recommendations
.
I gave them following calculations.
Profit Rs.19, 214 - Rs. 5000 services charges - 84 x 2 lots each x(200 brokerage+50 approx. taxes)= LOSS - Rs. 27, 786
BEWARE OF THEM. TRADE ON YOUR OWN. YOU WILL LEARN AND DO THE BEST. GO FOR LONG TERM FUNDAMENTAL CALLS. NEVER TRADE INTRADAY.
Reason of review: Poor customer service.
Monetary Loss: $18000.
Preferred solution: Full refund.
CapitalVia Cons: I did not like.
Location: Ludhiana, Punjab Province
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