Start Algo Information Technology fraud to loot money in Trading

Alert- Stay away from Start Algo Information Technology and save your money. You will get loss only.
I will share my full experience here. I was very reluctant not to take service from any robot trading software but she was continuously sending photos of profit for 6 months and called me frequently to try once so I took service by paying 10500/- discounted rate for one month. I knew afterwards they used to ask to take another package for big profit but she said we don’t do like that but same thing happened as soon as I took package, I got loss on first day then I called her that already market was one sided then why software stopped trade in loss. She said it happened due to single strategy and then she told me I will get call from senior. And then senior called for offer that I can get discounted rate for 6+2 months around 38 thousand and I have to pay only remaining amount and offer is only for 2 days and so on. They both were trying to tell profit can be only on multiple strategies, not in single strategy. Earlier she was telling you can get max 2k loss and min 2k profit in single strategy even. While taking monthly package, she convinced me that I will get at least 18 days profit and 4 days loss.
My concern was only to get at least 10k profit after their charges of 10k in month. But believe me my overall fund was also gone in minus 8k, not recovered fees and no any addition to fund. No profit at all after a month but loss of 8k + 10.5k fees. The software doesn’t work properly, when market on one sided on 22nd Nov., software automatically closed trades in 7 seconds. Same happened on other day, when everyone can get profit in manual trading without much knowledge as totally trend was one sided and banknifty fallen about 1200 points in one day but software closed trades in loss. SL also doesn’t work, I was seeing good profit in my trading account but when market reversed, order closed in loss only then it is better manual trading only. I advise all people don’t get in trapped in this start algo software, the lady who was talking very softly before taking software, she changed her tune and talked very rudely after asking about what is fault is software and why trades getting stopped automatically when it can give profit. If I ask anything about software, she and her senior both again send photos of profit of others and asked to go for multiple strategy, my question is that why single strategy is not giving small profit also when their multiple strategy can give profit on 20k and then why they sell this strategy for one month. It is totally scam but Start Algo Information Technology take undertaking that fee is not refundable and they are not advisor so you can’t go to SEBI also. So it is better to stay away from such legal frauds and scam. Nobody can get profit at the end of a month in start algo robot trading, and you can see earlier genuine reviews also, the reviews which they show more than 4 star, you can easily understand its genuineness.

5 Comments

  1. Thanks for sharing your experience. It will help us to stay away from this company. This Bastards are trying to loot people. I request everyone not to fall in this trap and check consumer complaints with Company name will get all the result about their fraud.

  2. If they are not SEBI registered, still we have other option . Report in cyber crime branch against these people so that you can get your money back and also other people will be safe from them to be cheated.

  3. OH thanks for the reviews guys ,actually planned to take plan for one month ,after seeing all the reviews i was changed my mind not to take any plans with them , you are all saved my money.

  4. Wow. Thank you.
    I was about to pay . Ii just read these comments.
    Manually I’m doing trading since 2000 and had made lot of losses. But since 2020 I’m slightly profitable in day trading.

    I think I must continue improving my own skills rather than spending money on these scams.

    They don’t give trial for even a day. That makes it sure that they are scammers

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