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Verified Member MouthShut Verified Member
India
Bad experience in this brokerage house
Aug 16, 2017 09:15 PM 13656 Views

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I have invested 340000 INR in Wealth Research on last year. I have been through huge loss in this brokerage company. The intraday and delivery charges are high in this company. The relationship manager always ask to deposit 30000 INR as advance brokerage so that the brokerage charges comes less in the end of the month, but I always refused them so they advice me to trade on intraday where they has influenced me trading in intraday where my stocks would go through huge profits everyday under their trading and suggestions, so I have agreed to them. But at the end of the month, I have found they has trade my stocks each days in numbers of times and their brokerage fees cost me 30000 INR in a month, where my stock has shrinks to 2, 40, 000 INR which was a huge loss for me. So I have stoped trading in this company after that. Even the software which they has provide me runs slows, I cannot able to triggers my stocks in the peak times, even if I cannot able to trade over the phone, their customer care number always comes busy. Even they doesn't send me daily statement on my email, instead they send me mail once in month so that I cannot able to view my stock loss and brokerage fees everyday. I had bad experience in this company. So I recommends everyone not to do stock market trading in this comapny


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