CapitalVia — The entire scam company


Summary: 75-80% failure rate. Losses totalling in excess of RM5, 000 over two months.
I first came across CapitalVia (or CapitalLiar as I feel more appropriate) at a trade event here in KL back in Mid-2015. I took their leaflet and decided on the strength of a free three day trial to give them a chance.
The lies start at the very beginning when they claim to have an office staffed with analysts in Singapore and a satellite rep office in Malaysia. This was the claim made by their sales representative named Priyal Upadhyaya and is one of many blatant lies told by her to get me to sign up. Before doing so, I like most people tried to do some due diligence on their record and found many disparaging reviews online. I raised my concerns to Upadhyaya and was told that this was merely competitors trying to sully their good name. Unfortunately, I believed her very plausible sales pitch and signed up. The first month led to much work, stress and losses and the only winners were CapitalLiar (their fees) and my broker who made many thousands on the high volume of trades. I netted back a loss of several hundred Ringgit. Having originally signed up for one month standard service and as mentioned after being extremely frustrated (and in loss) after one month, I was told by Priyal (on her boss Gupta’s instruction (more below)) that this was because I know a lot about the stock market in Malaysia and therefore needed to be on their higher tariff HNI service, so that I could benefit from having direct access to their Technical Analyst. With great reservations and a heavy heart (as I suspected it was throwing good money after bad) I signed up again for another month, on a more expensive tariff (yes more fool me). Upon doing so, Upadhyaya promptly disappeared from the company and has not been back to this day.
On the so called HNI service, they appointed what they termed “a highly experienced specialist on the Malaysia Market”, Jubin Srivastava[protected] Far from being an experienced stock market practitioner and analyst (supposedly Malaysia centric), he turned out to be a young IT graduate with < 6 months experience. His stock picks consisted of looking at a chart and selecting a stock that had recently broken out above resistance, i.e. it had already spiked. Their strategy is to buy high and sell higher, but they remain completely oblivious to what is actually happening in the market with that stock and as a consequence, 8 out of 10 times, the stock retraces and one has to cut loss before it tests resistance again or breaks higher. Therefore, their strategy is completely and utterly flawed, geared towards almost certain failure and as a result, anyone who pays for their Malaysia or Singapore Stock Picks Service is guaranteed to lose money.
Of course I naturally had many concerns to raise with CapitaLiar, but having had my so called client service representative disappear (on what I was told was semi-permanent sick leave), I was handed over to her manager a character by the name of Rahul Gupta . This one is a consummate liar of the first order who will tell his customer whatever tale he has to get them off his back. I found him to be an obsequious little toady on the phone to me, who then delivered absolutely zero on his promises. You can find his LinkedIn contact here and in fact, so incredulous am I by his perpetual lying, I fully intend now to follow his career with interest so that I can warn other future employers of his duplicitous and deceitful predisposition towards his customers.
As for CapitalLIar’s business model, their modus operandi is to present good results during a three day trial and then ask for money for a similar service over a longer period.
It is critical however that you note the following about this company:
1) They have no office at all in Malaysia and as far as I am aware, nothing but a PO box in Singapore.
3) They know nothing about the market in Malaysia or Singapore as they base their picks on charts alone.
4) They have very limited staff, sitting at desks in India, sleeping on the job due to the time difference and sending half-hearted recommendations which can only win if they get lucky.
Naturally, I have kept stringent records of all of the trades I have made based upon their recommendations and will be happy to provide these to anyone that wishes to see.
Kindly be aware that they may attempt to rebut my assertions above by claiming that I did not follow their recommended levels. My answer to this is very simple, it was impossible to follow their levels because where very often, the stock retraced (fell back), it happened so fast I could not cut loss in time and as a result, incurred huge additional losses. Where a position was closed ahead of time before it had a chance to reach the TP, this was purely because of contra issues which meant that I had to sell the stock and since they were well aware that I was looking for a Contra service (buy and sell the stock within 5 days i.e. not holding the stock for weeks on end), they have no right to claim that I closed positions before they reached the Target Profit.
In the final few weeks of the service, I was passed to someone who was represented to me as being the head of their technical analysis department. He was referred to only as KP. This man is extremely dangerous, has an arrogant attitude to the customer, blames the market when the stocks go down and the client loses money and gloats if the stock goes up even a tiny amount. I can support these assertions with a full record of our Whatsapp interchanges and can provide same on request. Not once did he manage to hit a target profit, 80% of his recommendations lost money and of the 20% that did achieve profit, they were closed well before the target which had little or no chance of ever being achieved. It comes as no surprise that he only allows himself to be known by initials KP as he without doubt a conceited and opinionated charlatan purporting to be an expert stock analyst and from what I have seen, whose methods are entirely in keeping with what must be pre-qualificatory in this company, an ability to talk utter BS to cover his incompetence.
In conclusion, if you are planning to trade the Malaysian or Singapore stock markets using recommendations from CapitaLiar, then you must really want to lose money, so go ahead and buy their signals. Anyone who is serious about making money, avoid them at all cost, they will lie and deceive and you will end up with nothing but angst and losses. If in any doubt, feel free to call me first and verify that what I have written here: [protected]
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Complaint comments 


Beware these scamsters

I'm complaining about service and commitment from there employees

I had told them that I will try only one month but they told me that pay 3 month amt then. After 1 month they told me 45 000/- we will incease ur capital but I was not agree then they given discount and made amt to be paid is 16000/- I paid . After I amt they send me msg that service expired. Now I m calling they but they R not replying me
We are idiot people to fall pray to this fraud company. Lets spread the word to stop this malpractice and these types of company should be closed by SEBI and Govt.

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    CapitalVia Phone
    +91 91 7900 2828
    +91 731 423 8071
    CapitalVia Address
    No. 99, 1st Floor, Surya Complex, R. V. Road, Basavanagudi, Opposite Lalbagh West Gate, Bangalore, Karnataka, India - 560004
    View all CapitalVia contact information