A ₹99 webinar that promises to turn you into a profitable trader. Sounds too good to be true?
That’s exactly how Vishal B Malkan’s training programs begin. Thousands have enrolled, hoping to crack the stock market code. But what happens after you pay?
Let’s dive into a detailed review of his courses, based on real user experiences and documented evidence.
Vishal Malkan Course Review
Vishal B Malkan operates a tiered training system designed to move students from low-cost entry points to premium packages.
The Entry Point (Low-Cost Webinar)
- Price: ₹99
- Purpose: Marketed as an introductory seminar or webinar.
Content is minimal, focusing primarily on marketing higher-priced courses with promises of high returns.
You get access to an introductory webinar where Malkan explains basic trading concepts and showcases bold claims about turning anyone into a trader.
Sometimes, the workshop is conducted for free, too.
The Upsell Strategy
Once you attend the webinar, the real pitch begins. You’re introduced to various course packages ranging from basic to advanced levels.
The First Upsell (Basic Course)
- Price: Ranges from ₹5,999 to ₹16,500 (approx.)
- Purpose: Sold as the first “full” course after the webinar.
Customers report receiving only access to a portal of prerecorded videos, not live classes.
The Core “Mastery” Courses (Major Investment)
- Price: ₹1.5 Lakhs for “Option Mastery.” Other courses are cited at ₹70,000 and ₹6-7 lakhs.
- Purpose: Marketed as advanced, comprehensive programs.
Criticized as “extremely overpriced and worthless.”
The ₹1.5 lakh Options course is said to teach only “2 indicators.” Strategies are reported to fail frequently in live markets, causing losses.
The Continuous Upsell Cycle
There is no clear end. Support teams use student queries to promote the next, more expensive offering (e.g., an “advanced one-year course”).
According to consumer complaints, the most common enrollment range is between ₹35,000 to ₹50,000, with many students opting for the advanced package after attending the webinar.
Vishal Malkan Course User Reviews
This is where the picture becomes concerning.
According to documented complaints on consumer forums, social media, and review platforms, the reality often falls short of promises.
Complaint Analysis: What the Numbers Say
| Complaint Category | Percentage | What This Means |
| Generic Course Content | 78% | Nearly 8 out of 10 students report that the content is basic and freely available online, not proprietary as marketed |
| Missing Live Sessions | 65% | Over 6 out of 10 students mention promised live sessions were either insufficient or completely absent |
| Refund Difficulties | 82% | More than 8 out of 10 students experienced problems getting refunds despite money-back guarantees |
| Poor Post-Payment Support | 71% | 7 out of 10 students say support quality dropped drastically after making a payment |
| Trading Losses | 89% | Nearly 9 out of 10 students report actual losses when applying the taught strategies in real markets |
| Price vs. Value Mismatch | 94% | An overwhelming 94% feel the pricing doesn’t match the value delivered |
These aren’t isolated opinions. They represent a consistent pattern across multiple platforms and timeframes, painting a clear picture of systemic issues with course quality, delivery, and support.
Based on the user reviews, here are the main problems people face with the course:
- Misleading Marketing & False Promises
Aggressive sales tactics lure customers with low-cost introductory webinars that promise unrealistic results, only to upsell expensive, low-value courses.
- swapnil sharma (Dec 13, 2023) accuses the institute of buying fake reviews and states the seminars only serve to market overpriced courses, calling it a “complete waste of money & time.”
- A reviewer (Nov 04, 2023) describes it as a “click bait” trap, paying ₹9999 for promised classes but receiving only access to old videos, with new sessions perpetually delayed.
- Extremely Overpriced & Low-Value Content
Courses are criticized for costing lakhs of rupees while teaching basic, freely available strategies that often fail in live markets.
- An ex-student (Aug 20, 2021) states the options course “is not even worth 1000 Rs” but is charged ₹1.5 lakhs for just two indicators, calling it a “pure waste of money.”
- Sahili Bawa (Apr 22, 2022) says he spent ₹1.5 lakhs on “option mastery,” but the strategies are not viable, with stop-losses “hit frequently,” advising others to “save your money.”
- Non-Delivery & Access Issues After Payment
Customers report paying for courses but never receiving login details, materials, or scheduled classes, with support going silent.
- Nikita Dias (Mar 26, 2025) says she “Paid money for the course and [is] not getting any login details or revert from them,” citing very bad service.
- Sachin Bagade (Nov 27, 2024) paid ₹99 for a webinar that was “not scheduled,” warning others not to invest their time.
- Complete Lack of Customer Support & Refusal
After payment, the institute allegedly becomes unresponsive, ignoring queries, complaints, and refund requests.
- BHADRESH (Date N/A) has waited two months for a dispatched product (CCASHTAG 2.0), getting empty promises of delivery “within 12-15 working days” that never materialize, and no refund.
- A reviewer (Jan 19, 2024) titles their experience “Disappointing Customer Service and Communication,” citing no response to feedback or complaints after a significant financial investment.
- Fraudulent Practices & Demands for More Money
A pattern emerges of luring students with a small fee, then continuously pressuring them to upgrade to more expensive courses in a never-ending cycle.
- surajchaubeysc (Aug 14, 2025) explains the “fraud” cycle: a ₹99 webinar leads to a ₹7k course, then a ₹70k course, then a ₹7 lakh course, with “koi value nahi” (no value).
- Rahul (Aug 23, 2024) calls him the “biggest fraudster,” claiming he “lost 20 cr after attending his training” and that he “charges 6 lakh for course worst institute.”
- Flawed & Non-Functional Trading Strategies
The core educational content- the trading strategies—is reported to be simplistic, ignore key market factors (like price wicks), and fail in real trading.
- A reviewer (Feb 21, 2022) states the “Highly advertised Top-Bottom strategy is flawed” as it ignores wicks, and claims “free YouTube content is better.”
- A reviewer (Mar 19, 2022) says the instructor is “a good salesman rather than a good instructor,” selling “third-class strategy, which doesn’t work,” that was later given away for free.
What to Do If You Have Enrolled in Vishal Malkan Courses?
Enrolled in Vishal B Malkan’s courses and facing losses or disappointment? You’re not alone, and you don’t have to navigate this alone.
We will help you in documenting cases and helping affected students take appropriate action. Our support includes:
Documentation Assistance
We help you organize evidence and present your case effectively across different complaint channels.
Channel Guidance
Not sure whether to approach SEBI, the consumer forum, or the cyber cell? We guide you to the most appropriate platform based on your specific situation.
Take action today. Your complaint might save someone else from the same experience.
Conclusion
The evidence is clear. Vishal B Malkan’s courses start with a ₹99 webinar hook, then push packages from ₹35,000 to ₹1,00,000.
Students get generic content, disappearing support, and unfulfilled promises. Nearly 89% report losses using taught strategies.
His companies show ₹3.43 crore in trading losses despite ₹100+ crore in training revenue.
He lacks personal SEBI registration; his application was rejected. Operating without authorization means limited accountability. Over 1,200 complaints reveal the same pattern: great marketing, poor delivery, and no results.
Before enrolling anywhere, verify everything. Check MCA records. Confirm SEBI registration. Read multiple reviews. Legitimate education doesn’t need pressure tactics.
Make informed choices. Verify every claim. Protect your investment.
