Oct 10, 2019
Updated by priya1a There are many people who purchased the Provcharts software from Silambaran and got cheated after using it for a month or so continuously using it and have faced massive losses has given negative review in this website., I also wanted to include the below listed points
1. For any people who are planning to buy Provcharts software from Silambarasam, who is charging Rs. 40, 000 for desktop version and mobile version and the training class ask him to show profit/loss screenshot of everyday MTM or contract notes and end of month ledger balance on his own trading/Demat account like Zerodha, Upstox, Sharekhan, Angel Broking, Goodwill, Ventura, ICICI securities, Kotak Securities …..I am sure he will not be able to show any profits that he has made because he does not use his own software to trade in his trading/Demat account
2. In his website he has listed Sep-2019 MCX profit as Rs. 11, 64, 920 and NSE (Nifty & Bank Nifty Profit) as Rs. 2, 58, 950. If he trades on 10 lots in each script in MCX and NSE (Nifty and Bank Nifty), he must have made close to Rs. 12-13 crores in Sep-2019. Ask him why he is just selling software for Rs. 30, 000 to Rs. 40, 000 and not trading in his own demat account to make close to Rs12-13 crore profits every month in his own demat account. Ask him if any of his wife, friends, relatives, customers are trading and making such huge profits and ask him to log into his demat account and show his profits in his live class. The profits shown in his website is exorbitant and 100% fake and many innocent people who are new to the stock market fall prey to his fraudulent techniques and lose money.
3. Guy, think like this. If he makes Rs. 12-13 crores by just trading in 10 lots in MCX and NSE as per his website, in one year he will make close to Rs. 140-150 crores. He claims that he is selling this software for the last 7 years. If he has invented a very smart software and it has generated a huge profit for the last 7 years, Silamabarasam must have made close to Rs. 1000 crores by now. If he had traded in 50 lots, he must have made close to Rs. 5000 crores and if he has traded in 100 lots he must have made close to Rs. 10, 000 crores. He must be one of the richest person in Tamil Nadu.
4. In his live class ask him to give one week free trial of the software or just one month subscription for Rs. 3000. If you are buying a one year license for Rs. 30, 000+ mobile version for Rs. 7000, ask him for a one month 100% refund if you are not satisfied with the software and which he will not do it.
5. In his website he has listed many scanned copies of his clients with name and signature who attended the class and got impressed by his speech and has given a written feedback. Why not he is not showing his clients profit/loss in their demat accout with different brokers and different client codes? There is no proof of profit generated by using the Provcharts software
6. Why not he is not showing any profits generated using Provcharts software in his website, Facebook, Youtube, Makkal TV program. Just software and charts and levels do not guarantee profits in stock market. Real profits in demat account and ledger balance will speak for profits.
7. Who ever got cheated by provcharts should start giving complaints to police department stating that he is publishing fake and misleading details in his website without any proof of profits. If more people start give complaints, police will take action and he will have to stop publishing lakhs of profits every month in his website without any strong evidence and no more people will fall prey to his fraudulent activities
8. I am posting the same review in Facebook comments on his charts. But it gets deleted after some time. His Youtube channel does not accept any comments from customers. His facebook page does not have any customer feedback/review.
9. Ask him for a MTM screen shot for few lakhs everyday like shown below in the image if he is trading in his own demat account and montly ledger balance for few crores profit
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