Bucksgainer or Bucks Drainer. Review on Bucks Gainer

Hi All,

I am writing this review with no mal-intention towards Bucks Gainer. They are running a business and there are good and bad times in a business.

However, in my case things turned out only bad with them.

I started with them with a fee of INR 2500 for option trading service and a capital of INR 20K. Forgot to mention the promise of turning 20K into 40K in a month.

First call was a total loss and then I was told to upgrade the membership to get more premium calls. As a foolish person I accepted that logic and paid more fee to get upgraded.

Second call also went into loss and I was told it was bad luck(like I was playing a gamble game where luck matters. I thought this is a well-researched market.).

Then I was told to upgrade to premium membership where the results were guaranteed. Foolishly, with the greed to make more money I paid the fee(Fee was in lakhs). I did made some good returns initially and invested more. I was given high risk calls with no stop loss and in turn I lost all my invested capital(In Lakhs).

Now, when I am trying to reach them asking for refund of my membership Fee since I did not made any money as guaranteed, they are not responding. I have finally lodged a complaint with the SEBI and awaiting their response.

You can follow below link to file a complaint if you wish to.

https://sh.st/Awthd

My recommendation is below:

• You want to get into the market and earn quick money. That is good but first study the market.

• Anasultanlyse your risk profile.

• Trade with only the surplus money that you may have after all investments, savings. You should not feel bad if you lose this money.

• Always research about the company with which you are associating in detail. You can do so by typing the company name and adding keyword “complaint”, “review” etc to get more details about the company.

• Read about the company directors. You can get their information from below website in India.

https://sh.st/AwynT

• Ensure that the people talking to you are very transparent about their identities. You must ask them for their linkedin profiles. Never aishwaryasingh23 money just based on verbal confirmation. Ask for an agreement to be done if they are guaranteeing a return.

• Never allow your profitable positions to go into loss. Eg. If you have purchased an option @ Rs 50 and it increases to Rs 55, you should start monBrianbalakumaranring it. If it increases that is good and ask your broker to maintain a stop loss of Rs 55. If it goes beyond 60, ask the SL to be updated to 60. The option can go down from 50 to 5 in flat 2 hrs, so keep monBrianbalakumaranring the position and like I said, ensure that a profitable position never goes in a loss.

I will be sharing more updates soon on other companies after my review and research. All the best till then.

Remember, this is your hard earned money and no one else knows better to take care of it.