You signed up for Vighnahara Investment Solutions, trusting their SEBI registration to safeguard your hard-earned money.
Everything looked promising on paper, until the actual trades hit your account.
Suddenly, you are stuck with risky positional holds instead of the intraday calls you paid for, alongside options trades that wipe out your premium with a “zero stop loss.”
Worse, when you look online for clarity, you find a vanishing act: winning client screenshots proudly tweeted by Vibhor Varshney, only to be systematically deleted 24 hours later to mask the true risk.
This is exactly how an aggressive advisory service drains your capital. Quietly. Slowly.
And by the time you notice the compliance gaps behind the marketing, the damage is already done.
Did something similar happen to you?
In this blog, we cover everything: the registration, the services, the user feedback, the red flags, and the steps you should take if something has already gone wrong.
Vighnahara Investment Solutions Overview
Vighnahara Investment Solutions (VIS) is the brainchild of Vibhor Varshney.
Naturally, the first question any cautious trader asks is: is Vibhor Varshney SEBI registered?
Yes, he is a SEBI-registered research analyst and NISM-certified professional based in Ghaziabad, Uttar Pradesh.
The firm operates from A-101, Block A, Lohia Nagar, Ghaziabad, UP – 201001.
Vibhor Varshney is registered with SEBI as an Individual Research Analyst on November 14, 2017, holding SEBI registration number INH100005419.
That registration covers equities, futures, and options recommendations.
Consider the daily marketing tactics used by Vibhor Varshney: he frequently tweets glowing past-performance screenshots from his clients, deletes those very tweets the following day, and replaces them with fresh ones.
This constant deletion of marketing inducements points to a troubling reality: it implies a clear awareness that displaying past performance openly breaches SEBI’s compliance framework for Research Analysts.
What Services Does Vighnahara Investment Solutions Actually Provide?
Understanding what a firm offers matters. It helps you decide whether what you paid for matches what was actually delivered.
Vighnahara Investment Solutions runs two primary verticals.
1. Trading Courses
The firm offers three structured courses:
- Technical Analysis Mastery: Covers chart reading, price patterns, support-resistance, candlestick strategies, and technical indicators.
- Fundamental Analysis: Focuses on evaluating company financials, key ratios, sector trends, and identifying long-term investment opportunities.
- Advanced Trading Strategies: Explores Elliott Waves, Fibonacci, GANN, options strategies, and market gap analysis.
Classes run both online and offline. Offline sessions take place across various cities in India. The firm’s website lists city-specific schedules for batch enrolments.
2. Research Recommendations
Beyond courses, Vighnahara Investment Solutions also provides research-based recommendations, buy, sell, and hold calls, on equities, futures, and options.
These are delivered through digital channels, including Telegram and social media.
The firm maintains a Complaint Board on its website, as required under SEBI’s circular for Research Analysts. They also publish an Investor Charter and maintain disclosure documents.
This dual setup, education plus recommendations, is something every subscriber should understand clearly before enrolling.
Vighnahara Investment Solutions Reviews
Vighnahara Investment Solutions has a visible presence across review platforms. The feedback is mixed.
Several traders report positive experiences, particularly beginners who found value in the courses and community calls.
But a specific set of concerns has surfaced in public reviews. These concerns are precise.
They are repeated. And they deserve attention.
1. Service Delivery Did Not Match the Sales Pitch
A reviewer expressed dissatisfaction with the nature of the recommendations provided after purchasing the service.
According to the complaint, the user subscribed to a one-month plan after being told that daily intraday calls would be provided.
However, after joining, the reviewer claimed that the service mainly consisted of positional calls instead of the expected intraday recommendations.
The user suggested that the actual service experience differed from what was allegedly promised during the sales process. According to the review, this mismatch between expectations and delivery led to disappointment with the subscription.
2. Claims of Misrepresentation and Unfulfilled Support Commitments
Another reviewer raised concerns regarding the level of support provided after completing the training program.
According to the review, the trainer was responsive before the course enrollment but became difficult to reach once the classes were completed.
The user claimed that post-training queries were redirected to a group, where questions allegedly went unanswered for extended periods.
The reviewer also felt that the course content did not justify the fee paid, stating that much of the material could already be found on free platforms such as YouTube.
Additionally, the user expressed dissatisfaction with the overall learning experience, claiming that responses were received quickly for paid services but not for educational support after the course ended.
3. Edited Profit Screenshots and Unrealistic Trading Expectations
One reviewer cautioned prospective customers to conduct thorough research before enrolling in the training program.
According to the complaint, the user paid a substantial fee for a two-day workshop but felt that the content covered only basic concepts.
The reviewer further alleged that the program created unrealistic expectations about becoming an independent trader and claimed that promised lifetime support was not provided in practice.
The most serious concern raised was the alleged use of edited profit screenshots in promotional material.
According to the reviewer, these screenshots created a misleading impression of trading performance and influenced the decision to join the course.
4. Training Quality and Post-Course Support Disappointed the Reviewer
One long-time reviewer shared a detailed account of attending a technical analysis training program conducted by Vibhor Varshney.
According to the review, the training was promoted as a comprehensive course with proprietary learning material and practical market insights.
However, the user claimed that the sessions mainly covered basic technical analysis concepts, including chart patterns, support and resistance, and common intraday strategies that are widely available through free online resources.
The reviewer also alleged that the training lacked depth, became overcrowded due to a large number of participants, and provided limited guidance on how to apply the concepts after completion.
In addition, the user expressed dissatisfaction with the quality of the study material and the level of support provided in WhatsApp groups after the training.
Overall, the reviewer felt that the value delivered did not justify the course fee and stated that the training experience failed to meet expectations.
Red Flags That Every Trader Should Check Before Subscribing
Reading about concerns is useful.
Knowing what questions to ask before you pay is even more valuable.
Here is what every trader should consider carefully before subscribing to Vighnahara Investment Solutions or any advisory service.
1. The “Vanishing” Social Media Strategy
A highly concerning pattern involves how trading performance is marketed online.
It has been observed that Vibhor Varshney frequently posts screenshots of glowing client profits and past performances on social media, only to delete them within 24 to 48 hours and replace them with new ones.
This disappearing act isn’t just aggressive marketing; it directly bypasses strict SEBI Research Analyst (RA) regulations designed to protect retail investors from skewed, one-sided winning streaks.
2. What you are promised versus what the subscription actually delivers
Get the exact service scope in writing before you pay. If you expect intraday calls, confirm in writing that intraday calls are part of the plan.
Verbal assurances over the phone or WhatsApp create ambiguity that is hard to resolve later.
3. Risk parameters on every call
Ask specifically: does every recommendation include an entry, a target, and a stop loss? A call without a clearly defined stop loss puts 100% of your position at risk on every trade.
Confirm this before you fund a subscription.
4. The difference between research and education
Vighnahara Investment Solutions offers both courses and research calls. These are separate services with different regulatory implications.
A course teaches you to trade. A research call directs your trading decisions. Understand which service you are paying for and what regulatory framework covers it.
5. Customer support availability when losses are on the table
Ask how support works during active trading hours. What happens if a recommended position starts moving against you?
Is there guidance on position management, or does communication stop after the call is sent?
How to Report Against a Research Analyst?
If you subscribed to Vighnahara Investment Solutions and experienced a service mismatch, inadequate risk management, or unresolved communication, you have formal remedies available.
Act without delay. Here is how you can file a complaint:
Step 1: Gather Your Evidence
When you are dealing with a service mismatch or poor risk management, verbal complaints mean nothing to regulatory bodies.
To build an airtight case that SEBI or an arbitrator will take seriously, you need to compile cold, hard data before sending a single email.
Grab screenshots of the exact timestamps when customer support went silent during your losses, and secure all digital payment receipts and bank statements to create an unassailable, chronological timeline of the damage.
Step 2: Write a Formal Complaint to the Research Analyst First
Send a formal written complaint to Vighnahara Investment Solutions at [email protected]. If no response arrives within 10 business days, escalate to [email protected].
State the specific issue clearly, the dates, the calls received, what was promised, and what actually happened. Keep a complete copy of everything you send.
Step 3: File a Complaint with SEBI SCORES
If the internal resolution is unsatisfactory, file your complaint on SEBI’s SCORES portal. Select “Research Analyst” as the intermediary type. Enter registration number INH100005419.
Attach all your evidence, payment receipts, chat records, call screenshots, and your formal complaint to the firm.
SEBI monitors and directs all complaints on this platform.
Step 4: Raise a Complaint in SMART ODR
If SCORES does not resolve the matter, take it to SEBI’s SMART ODR platform.
This online dispute resolution mechanism allows structured conciliation between you and the registered intermediary.
It is faster and less expensive than litigation. A neutral conciliator works with both sides.
Step 5: Share Market Arbitration
If conciliation does not succeed, move to formal arbitration through the ODR mechanism. Arbitration produces a binding award.
Bring every document, the payment receipt, your complaint history, communications, and evidence of service mismatch or inadequate risk guidance.
Faced Losses from Advisory Calls? We Can Help You Navigate What Comes Next
If you subscribed to Vighnahara Investment Solutions expecting one service and received something different, intraday calls that turned into positional calls.
Option trades with no stop loss, or support that went quiet during a losing position, that experience is worth formally documenting and escalating.
Here is how we support investors in situations like yours:
- We start by reviewing your complete case.
- We look at what you were promised, what you paid, what was actually delivered, and what losses you carried as a result.
- We identify the specific regulatory obligations the research analyst holds and map your experience against those obligations.
- We help you build a complaint that demands a real response, not a generic acknowledgment.
- We draft a structured, evidence-backed grievance that clearly states the service mismatch, the inadequate risk guidance, and the financial outcome.
- We walk you through every escalation level, SEBI SCORES, SMART ODR conciliation, and formal arbitration if your case demands it.
At every stage, we make sure your documentation is complete, your complaint is precise, and your escalation follows the right sequence.
You do not have to navigate this alone. Reach out to us today and tell us what happened.
We review every case and tell you honestly what your options are before you commit to any next step.
Conclusion
Vighnahara Investment Solutions holds a valid SEBI registration. Vibhor Varshney has built a visible platform with a large digital community. These are facts.
At the same time, registration is only the first checkpoint. It shows that the entity met SEBI’s eligibility requirements in 2017.
However, registration does not ensure every recommendation includes adequate risk controls. It also does not guarantee intraday support when the service mainly provides positional calls.
And it does not ensure that support will be available when a losing position needs attention.
Every trader must do their own due diligence. Verify the current registration status on SEBI’s portal. Read the disclosures. Confirm the exact service scope in writing before paying.
And document everything from day one.
If something has already gone wrong, the complaint path is clear. Use it. The regulatory system exists for exactly this purpose, and acting quickly always gives you a stronger position.
Frequently Asked Questions
1. Is Vighnahara Investment Solutions SEBI registered?
Yes. Vighnahara Investment Solutions operates under SEBI Research Analyst registration number INH100005419, granted to Vibhor Varshney on November 14, 2017.
You can verify this directly on SEBI’s intermediary portal by searching the registration number. However, SEBI registration confirms regulatory eligibility; it does not certify call accuracy, service quality, or risk management standards.
2. I subscribed expecting intraday calls from Vighnahara but received only positional calls. What can I do?
This is a service mismatch. Document everything: the original subscription details, the specific promises made before payment, and the calls actually received.
Write a formal complaint to Vighnahara Investment Solutions at [email protected], giving them 10 business days to respond.
If the response is unsatisfactory, file on SEBI SCORES and escalate to SMART ODR if needed.
3. Option calls from Vighnahara had zero stop loss. Is that a concern I can formally raise?
Yes. A research recommendation must include clear risk parameters.
Stop loss levels are part of a complete, structured call. If option calls consistently carry zero stop loss, exposing your full premium to risk on every trade, that raises a question about whether the recommendation meets the completeness standard that SEBI expects from registered research analysts.
Document each such call and raise it formally.
4. How do I file a formal complaint against Vighnahara Investment Solutions?
Start by writing to [email protected] with your specific grievance.
If unresolved within 10 business days, escalate to [email protected].
After that, file on SEBI SCORES using registration number INH100005419. The next escalation levels are SMART ODR and formal arbitration through the ODR mechanism.
