Start Algo Information Technology — Algo trading service provided by the company

Address:26 A, Chandra Nagar, First Floor, Madhya Pradesh 452011
Website:www.startalgo.com

I had subscribed to the algo service provided by the company on assurance by the sales person that i could make consistent profits with even a small capital. He persuaded me to subscribe for 6 months service on this assurance. After making the payment they said that i have to sign a disclaimer that the company will not be responsible for any losses. This is a normal phenomenon that no trader can always make money from the market.

However, when they are providing services at a high price, they have a responsibility to ensure that the losses are minimised and the profits maximised not the other way round.

In the month of december, after starting the service, i incurred a loss of rs 10k almost and my capital was reduced to 11000 from 20000. When i contacted them they added other stocks to watch with simulated trading. Even in that i got more losses than profits. After that they provided me a list of all the stocks that were added in the system - i have been tracking those stocks for almost 10-12 days but i cannot see consistent results.

I sent a mail asking them to refund the money i paid for the services since i am unable to trade any more because of inadequate capital causing loss to me but they have not responded at all.

Their only motto is to sell their product to investors and then make no commitment or even after sales service.
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Feb 10, 2021
Updated by girishagrawal001
their software update was virus infected - now i have mailed them to update the software but there is no response from them
Complaint comments 

Comments

True... This company is Operating from Indore. This company is a cheating company.
Saunak Banerjee's reply, Sep 25, 2021
Thanks for your feed back actually from Indore I also got call for Algo tread. Company website as follows https://www.startalgo.com/contact-us.

Guys could you please suggest do I need invest or not. They are sending wats app message from following number 7723020667. This guy name is Yogi.

Please suggest do I proceed.
Absolutely, Even I have similar experience, I think "Start Algo" is not a tested system. My capital has come down to 23, 000 from 50, 000 in 2-3 weeks of trading. They share manipulated screenshots to new prospective customers and make money. Please don't get into the trap
I have started using "Start Algo" by looking at the screen shots they have shared. But after joining, I have realized that the screenshots were manipulated. Their system is not even tested, they are very good in making consistent LOSS. Please don't get into the trap
KSrinivas9090's reply, Jun 25, 2021
sir, also a victim like you.. where to complain against them to take some action on them..
Never get into trap with Start Algo, They will give you all food trade information with screenshots so that you start trading with them, , they offered my a testing for 5000rs ( 2 weeks) and told me that you will get 800-1000rs per day at an investment of around 60, 000, i kept 80, 000 balance but in return only getting 200, 300rs per day, now they are saying that your plan is one strategy per day which is nothing but cheating, , asking another 10k, , and i’m sure even if i pay another 10k they will ask for more money, , so please think 10000 times before dealing with Start Algo... person in question Abhishekh Pandey and Siya..

Thanks for the Information to all. I was also contacted by them today & they showed two clients account. Two of the account are in Profit, but when they told they are based in Indore. I stated doubt about them. They did not talk about SEBI Registation & their performance track record. And it is not Very easy to make profit in Algo Trading. The Executive showed his Google Pay link, my doubt got much stronger. There are many Genuine Algo companies trying hard to make consistent profit, even there are failing in many thing. Thank for you information. We need to be very alter before believing such things & not to get trapped in their Web & losing our precious hard earned money.
SITAR285's reply, Dec 14, 2021
Thank a lot for sharing your experience in this Start algo trading software . Today one lady called me on mobile and sent some screenshots which have made decent profit. At first I believe that this is a great opportunity for me. But luckily before buying their software ware I thought let me first search some reviews. After reading so many reviews Now I am confirm that this is a fully cheating company. Their main motto is to selling their software. Thanks god you all saved me from falling a cheating company.
I had faced the same issue, they are fraud and pleases do not invest money on this platfomr
I also faced the same issue, they are fraud and pleases do not invest money on this start algo..
Pls let me know where to complain against them, .. am also a victims this start algo companu.. its a bakwas algo.
really even after reading reviews and bad opinions i still joined startalgo and now trapped in three months plan. daily losses every time they are asking to join six months subscription in three months only 5 stocks added. trade is done in one constant direction. no market view or study. in this type trading any body will get only huge losses. don't be in their trap. in one month and three month they will make daily losses so that you join their six months plan.
Bhai I am given 1 lakh for trading at startalgo. So wait for my result upto 1 month. I will give all details in this comment after 1 month. U can call me and can ask me before ur payment to startalgo. Now I am loss of 30000. So wait I will give my all details.
home_has's reply, Aug 4, 2021
Hi,
How much is your gains till now ?
Fun Entertainment's reply, Dec 26, 2021
sir can u give screen shot of yor losse it will help other
hi
Prashant baba's reply, Oct 17, 2021
Hlw sir koi requirement Hai image Italy
hi
They are CHEATERS give fake screenshots and induce u to open an a/c with you and promise 50-100% return in month. However instead of profit their strategy generate losses. I lost 25% in first week it self.
On raising this issue their behaviour completely changed and told that u cant expect profit on all days and why making so much fuss when u have paid only 12k for service ? These @@@ and rascal should be shot for cheating. EK YO CHORI UPRSE SINAZORI. MY STRONG WARNING TO ONE AND ALL DO NOT PSY SINGLE PENNY TO THEM OR ELSE WILL BE REPENTING AND END UP WRITING COMPLAIN HERE BELOW ME
This is real smart trading. You can make. Profit. Every day. If you are not greedy๐Ÿ˜‚
When u make your averege profit you can easily close trade n make fix profit every day
Even this compny employ very help ful
Thx to vitika madam. She is very helpful even small confusion they are very humble
START ALGO is really Fraud. Actually, the staff are not competent. Initially I came across with Rajesh, and then with Sandeep and Finally with Anirudh.

Anirudh is totally incompetent. Only big talks such as next week 1 lakh profit and then 1 cr etc.

Anirudh make huge losses and assure you of recovery next day. For me, next day never came.

Initially I was having account with 5 paisa. Anirudh told me to open demat account with PROFITMART since he is very comfortable with PROFITMART.

Anirudh takes trade around 30 to 40 per day and brokerage of PROFITMART is rs 50 per lot. I told Anirudh that the brokerage of PROFITMART is 50 rs per lot and it should be reduced to 10 rs per lot. However, PROFITMART reduced to 15 rs per lot.

The day when I incurred loss of 25k, I withdrawn my capital and discontinued.

My sincere and hand holding request to all those reading this message NOT TO ASSOCIATE with them. U will never get profit.
Saunak Banerjee's reply, Sep 25, 2021
Thanks for your feed back actually from Indore I also got call for Algo tread. Company website as follows https://www.startalgo.com/contact-us.

Guys could you please suggest do I need invest or not. They are sending wats app message from following number 7723020667. This guy name is Yogi.

Please suggest do I proceed.
You all are writting about cheating about them. You people seems experienced in Algo.
Can you tell which company of Algo is good and giving good result.
Since last 10 days I am receiving sms on my whatsapp from start algo. Before this company I subscribed to http://www.analytiqalgo.com. when I saw web site of start algo the appearance was same as analytiqalgo. I asked start algo team is this your sister concern they told me they are different.

But I think both are same lucky I subscribed for one week services and could get final profit of 3000/- meanwhile they told me to take higher package in order to run 3 to 4 strategy at one go but in right time I quit from them.

Now I received sms from start algo but after reading many reviews I am alert.

My sincere request to everyone to learn the market and do the trade at your own skill.

Thanks for everyone's review

Ravindra chavan
Alert- Stay away from Start Algo 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 they 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.
Francissoosai's reply, Dec 17, 2021
Sir... 9976104138 is my number. Cam u text me... They are calling me continuously. Waiting for your call
Dev Shah's reply, Feb 19, 2022
Thank you for share your experiences ut helps so many people to save their money from this kind of cheater
Dear all
totally fraud start algo and ones deposit money after round up zero
so please do not join this service
Fraud company please don't believe in their screenshot which they share from Start Algo trading dashboard its fake. They are only interested in selling their automated trading board which is not properly coded actually they are just randomly done without proper strategies. They will call you and send message till you buy their service once that is done they will try to convince to take 6-month strategies and on they try to manipulate you by saving multiple strategic good profits which is not the case in fact you will not get any profit at all and your investment will be zero. The same happened with me all investments turned in zero and now I am in a big loss. Please don't go for these fraud companies.
Pnb Mawksiar's reply, May 30, 2022
Me too have been cheated ๐Ÿ˜”๐Ÿ˜”๐Ÿ˜” lost Rs 5500 today the 30th May 2022 but today itself i have found their cunning way of cheating innocent traders because they have shown a profit of around Rs11000 by buying Banknifty option @ 35900 at 162.4 but that price never happens today it is always above 290 today so what to fo other innocent traders who have been using and purchasing their products?
pavan5646's reply, Jul 16, 2022
Sir bitcoin_traders_india is a page on Instagram they r giving services under this start algo information technology name can we trust this pls guide me
Datt2025's reply, Aug 25, 2022
I agree this is Froud company.

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    26 A, Chandra Nagar, First Floor, Madhya Pradesh 452011
    India
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