Niveshartha Algo is Failure
I am writing this to warn others, to be extremely cautious before joining Niveshartha. I opted for their high-premium algo trading service, expecting a professional setup, but my experience has been nothing short of a disaster.
The Issues:
Non-Functional Technology: For the past four months, they have claimed to be "working on the algo." Despite the high fees, the system consistently fails to perform.
Heavy Financial Losses: Due to their malfunctioning algorithms, I have suffered a total loss of ₹72,000.
Suspicious Reviews: Do not be fooled by their high rating on Google. If you look closely at the timestamps of the reviews, it is obvious they are coordinated or paid for.
Targeted Sales Tactics: They use Malayali employees to build a false sense of trust with people from Kerala. Don't let a familiar language or a friendly "local" voice convince you to part with your money.
Bottom Line: This company feels like a trap. They take a high premium for a service that doesn't work and results in significant losses. Please do your due diligence and do not get trapped.