Mar 29, 2016 11:02 AM
46792 Views
I have opened the Demat Account with Motilal Oswal two months ago. The recommendations they give will never work out. I have lost around Rs.50000/- on
intra day trading with them. Now I asked not to make any intra day trading.
They are cheaters and are eating away the public money. At the time of opening the Account they give all false promises to open and Account. They said their recommendations are very good and all their customers are getting good profits
every day. The trading persons do a lot of intra day tradings in our account( without our consent) as they need to achieve the day's target for brokerage commission. Only when we get the SMS in our Mobile or mail we come to know that they have made a lot of trading in our Account. The same is for currency. I don't know anything about currency trading.But
they are simply buying and selling British pounds and US dollars in our account.
I kindly request you all not to open Demat account with them and also I will never recommend this company for any of my friends.
