Unicon Securities — TRADING AND DEMAT

Address:

Pune, Maharashtra

I have encountered severe problems trading with unicon. I took 1 lac advance brokerage account and they promised me all support with respect to margin and other services. Later I found that they are charging 20% more margin. On enquiry I was told that I may continue trading with less margin and my account has been extended facilities. I made some trades same day and found all my trades were squerred off in the evening without my knowledge. Later manager regretted the mistake and told me that it was due to non receipt of approval. Now the approval has been restored and I may trade on extended facilities.

Yesterday to my surprise all the accounts were frozen at 3.15 and they mentioned me that the account limits are withdrawn at 3.10.

I guess Unicon has severe cash shortage and due to market ups and down they freeze accounts without notice to the clients.

Do not open accounts with Unicon. Worst services ever. I have posted my complaint to SEBI also. Do not trust them at all. Pune manager Chinmay Koli is even worst. He does not bother to revert back to your issues and helpdesk is helpless.