Orion Broking — Cheathing Company - Fraud Company

Address:Coimbatore, Tamil Nadu

Hi, this is Mani from Coimbatore. I have opened an account with Orion Broking Services, Coimbatore and their service are really poor and ridiculous. The NEST platform which was used by them seems to have lot of error-server problem and that too makes us "not to trade for 3-4 days." At that time, If you call them they simply put your call on hold and they won't response. So, please don't open any other account with Orion Broking Services, Coimbatore. Please don't see for less brokerage and commission, because they don't give minimum support in any circumstances. Also, they don't have an experienced employee in their company.

There are plenty of other broking companies with good customer support and good knowledge of how to resolve an issue.

Once again, please don't open an account or continue your account with Orion Broking because money makes matter.

Orion broking is a cheating company.

Thanks,
Mani
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sharekhan, geojit, iifl, angel motilal
hi Mani & Hazeer,
I have also a/c with Orion, Coimbatore. It is closed from yesterday afternoon. They failed to pay the requested pay-out fund of all clients. Lot of investors at city Police commissioner's office to file complaint againts Orion.
hi hazeer,
If he is ready to face the problem, then why his closing the headoffice without any information. All phone lines are switched off. There are several investors who had put their money in their trading a/c has worried about their investment. One person told me that he has invested rs.25 lakhs in his a/c and all scrips bought during recent past are not yet reflected in his dmat a/c. I don't know whether it is frued or not? but one thing is clear. It will be resolved only after police interference.
hi hazeer,
I sent the information to some of news channels & daily's. I will update here after filing of complaint in Commissioner's office. If you know how to inform SEBI, then please do it now and update here.
thanks.
lots of people loosed..
kindly update evey infomation gather here .
thanks
can anyone tell wat is the updated status of this issue...wether anyone has contacted the office people in coimbatore...please post ur updates...
sir,
iam mani. i also invested amount in commodity. from orion they are telling that with 15 - 20 days they will refund the money. exactly i cant able to check what happen. they are not responding properly. can anyone suggest how to register complaints again orion broking cmopany and try to payout the funds those who are invested in orion.

Regards
Mani
pls come to the head office tomorrow mrng at 10 am.
Nothing gonna happed going to head office. MD John traded using proaccount(which holds all client funds) and faced major loss... he had trade Dhaba trade which is illeagel . from september 1st week mcx will be unger SEBI control. orion have used his security deposit of mcx and lost. thats y this prob came.
- Regards sebastian
Hi Hazeer,

I spoked up with subbrokers and they are very confident that orion will be back again soon.Infact last wednusday many companies were standing in queue to takeover orion but orion refused for it.As per the update from subborkers we can expect some positive news by this wednusday

Regards,
Madhavan.V
sir,
how client fund will get back from orion? if enquired in telephone call they are telling that with in 15 days payout will be processed. wthere it is true or not? any person register complaint in mcx?

Regards
Manikandan
Hello Mani,

Sub-Brokers have hope that we will get back the money for sure but i am not sure how.They updated that Orion can able pay half of the amount now but in this situation they cannot our full amount and they are arranging some funds to provide the full amount of its clients.
Mani did they picked your call and updated that they will with in 15 days?

Regards,
Madhavan.V
This is very bad. We don't know when can we get our money back. I have lodged complaint with mcx today. They told lot of emails are coming in complaining against orion. So far no reply from them. We have to wait and see
Mr. Manikandann

To which number u called ?
i have no hope is there any company will take over orion.today news papers and news channels release this news. is there any chance MD went outside india
hi Vinay2780
Please send the procedure to log a complaint mcx.Please share the details it will help us

Thanks
Sankar
Dear sankar & friends,

Arbitration & Investor Grievance
Direct Line:[protected]to enable quick response to members)

When you call them they will ask you to put email to [protected]@mcxindia.com.
Mention all details and send to above email attach your ledger too
What will happen next? If johnson dont come, what will happen? What NSE, MCX, Sebi will take next step? Does Johnson has any asset in India?
We have to wait for next two days.If there is no update from Orion then we are about to loose our money.Hoping for positive news in next two days
I m also invested in Orion but still i m in Dark side...I m going to their HO directly, it was waste of my time.Now my Question.

1.Where is the MD.Johnson and any other persons like VP and AVP ??

2.Why the police cannot find alt least a single person of the company management ??

3.Who is Squreoff-our the open-position on Friday ?Either Orion or NSE?

4.The Company staffs knowing the situation earlier (RMs, Branch Managers) and their all mobile was switched off now,

They told lies in last one week as "Audit Process is Runnng so we cannot given Payout", so it is called as WhiteCaller Crime.

5.Why SEBI is So Silence after receiving soo much of complaints ?

These types of fraud/Investors cheating business Happens frequently in Coimbatore, Erode, Salem Areas.Why the Govt not taken necessary steps protect ??

In India we have small % of Investors (Equity market).These types frauds were create hopeless on Share-Marker Brokers and regulators.

Regards
Jay Ramesh
For safety measures i gave complaint in commissioner off today with five clients . But there already many complained. And they said they r tracing for Johnson. Hope for best.

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    Coimbatore, Tamil Nadu
    Tamil Nadu
    India
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