[Resolved]  CD Equisearch Pvt Ltd — don't pay advance brokerage, it is not recognized by NSE

Address:

Bangalore, Karnataka

i had paid advance brokerage to cdequi of Rs 20000, with the condition that whatever brokerage is generated will be reverted back. Even after generating a brokerage of Rs 20k, they are reluctant to pay back the generated Rs 20k brokerage. Since this scheme is not recognized by NSE, even NSE wont help you in this case. I have been told by NSE to file court case against CDEQUI to get back the amount. So, my suggestion is not to go for advance brokerage with cdequi, as they might trap you, as they did to me.