Feb 02, 2020 01:48 PM
1308 Views
(via Mobile)
(Updated Feb 02, 2020 01:50 PM)
They don't have any knowledge of risk management.
What they want is just brokerage though client becomes Bankrupt.
I planned to follow their intra day calls after listening to their deceiving words.
Day 1
They made me bought Maruti 500 shares and my Net Position was showing Rs3000 Credit which I was happy to see. But ledger was credited with only Rs400 means their intention was only to earn brokerage.
Day 2
They told that today market is down and they have a call to buy PUT option. It was something like this 30700pe @ Rs50 SL Rs35 and Tgt was Rs150. But they made multiple trades in the name of churning. This people don't know meaning of churning. They made me buy 50lots of PE @ Rs50 and exit @ Rs60. Just 10pts Rs5 brokerage and Rs5 profit. Again they buy @60 and exit @70. This went till 90. Again @ 90 they bought but price went till 60 where they again bought 25 lots to average price and price went to 50. Then they told to exit position. That day they made me total loss of Rs25000 + Rs25000 brokerage. Total loss of Ra50000 in single day.
From this numbers it is clear that their intention is to make profit for themselves and they don't care about clients money.
Their brokerage is also high in the name of their knowledge is exceptional. Their dumb knowledge can be clearly seen here.
Till date I had lost Rs1 lac in MOSL.
Rs50000 in intra day.
Rs30000 for TGS (worthless product)
Rs20000 in Mutual Funds.
Better go for some discount brokerage instead of this high brokerage and low knowledge people.
