Angel Broking Complaints & Reviews

Pf aplication form not processed

Dear sir/ madam, Im MANISH KUMAR Employee code E30391, Pf A/c no MH/45503/14123. i have workd with angel broking for 10 month, i have submitted my pf aplication 5 months back from now, but when i contact them, above mentioned office they give unsatisfactoy answer, they say it will take again 4 to 6 months... i wuld like to know how much time this process will take?? kindly do something


thanks and regards
MANISH KUMAR

Hi,

I have opned the tading account with Angel broking 3 yrs back. Aftre that I never used that account. Last month I received annual report of one company I was surpirsed, since I never brought any shares how I received annula report of this company. After visiting Angel Broking it was found that some one from Angel Broking has done trading on my account. I nvere asked for it. It was UnAuthorised Trade. I realised Angel broking is not safe for opening trading account. Looks like Angel trading system is open to its traders and any one from angel can trading on behalf of you thats unacceptable.

PF AMT NOT RECEIVED
My PF#: MH/BAN/45503/5409, I have applied for PF on September 2009, and I didn't get the PF amt but i got a message that it has been credited to my account and details as below
MH/45503/5409-KALAWATHY S
Receipt No. Receipt Date From Type Status
90476046 [protected] Form 19 Claim settled vide Chq.no. 768313, dated[protected]
90476047 [protected] Form 10C Claim settled vide Chq.no. 944078, dated[protected]
Data updated on[protected]

Again they asked me to apply to PF commissioner and I did as such and my concern has sent the form to PF office on 10/05/2011, but up till now I didn't receive my amt and don't know the status. They have given many board line numbers for PF office but no one is picking up the call, if they pickup the call also no one is replying. I didn't get any response from this Bandra PF office. Kindly inform status of my PF.

Sir,
i m vivek kumar my pf a/c no. is mh/45503/000/10847 i m submiting our pf claim since 12/05/2011 but after 06 month my pf ammount not relieased i dont know what is the reason. So i request to you plz solve my problem immidately.


Thanks with regard
Vivek kumar
[protected]

Angel Broking does not comply to RBI guidelines such as a brokerage firm must have a Grievance redressal mechanism(http://www.angelbroking.com/fair-practices-code.aspx) , where as if you deal with Angel then forget Grievance redressal mechanism, they won't even bother if some fraudulent activity takes place using your ID and rather will penalise the customers who is not even aware that some erroneous transaction has happened using his ID details

Angel Broking Helpdesk staff is most unhelpful staff ever encountered, more-over if you ask for supervisor for reporting NOT routine but a fraudulent activity, even then they wont connect you with supervisor. Even if you get hold off supervisor by shear luck supervisors are incompetent even to acknowledge that Fraudulent transaction being a BIG ISSUE, and are not courteous enough even to honour their call-back commitments, you go up the ladder and all Managers/Regional managers are of same grain. Even if you right direct emails to supervisors they won't even acknowledge the receipt, forget reply.

One thing common among them is they get changed every second month you call them, be it Branch Managers/Relationship managers or similar rank officials, more-over they will join some other stock broking company and will ask you to be members with their new organization.

I suspect them of misusing YOUR PAN NUMBER and other confidential information.

Angel Broking has no security system in place, if at all there is some fraudulent transaction in client's name then normally Angel team will ask about transaction confirmation, even if you decline to confirm, they treat it as confirmation and don't bother to trigger alarm or mark customer's response to their supervisor.

Feedback ID:-[protected]
Hi!
I just received a call on my mobile from Angel broking Mumbai head-office ([protected]) that I have done some transaction on my angel account, although that''s not true.In-fact I have stopped using this account long back and wanted to close this account.I am forwarding you an email that I received on 24th Oct at an odd hour, and I could not read the same, so I sent back the email, saying I donot know what is it as I never asked to change password, but received no response.

I wanted to close this account and take back my Rs.1000/- in this account, I did fill the required form for the same but that came back to me through courier on filmsy excuse and they did not close my account.
I would like to request to cancel my account with angel with immediate effect and return me my Rs.1000/- I am going to instruct my bank also about the same.

If this mail reaches the genuine feedback set-up(I am not sure even if this is phishing) then contact me ASAP

I am upset and confused.

Today morning I, Rachna(Asst. Manager, HelpDesk, Mumbai) and Ritu had a con-call, concluding that Angel authorities need to close the complaint pending against DELP3374 (false transaction, dated 31st Oct-2011), before these 25 shares can be disposed-off and finally closing my DELP3374 account with Angel.

I am shocked the way Angel authorities are dealing this issue, first of all, you all fail to acknowledge that this a system failure (i.e. despite my declining on the confirmatory call from Angel''s Mumbai Helpdesk, about the said transaction on 31stOct-2011, the same agent did not booked it as a NON-CONFIRMATION and lodged a complaint in the system). I had to call your Mumbai office next day i.e. 1st Nov.2011, only after forwarding you three earlier emails(in this regard). I found it highly inconvenient to convince your agent Pooja, to let me speak to her supervisor, as it was not a routine call and was something serious. I finally spoke with Rachna, Asst. manager Helpdesk, Mumbai, who assured me that though the TAT is of 7 days she will get this sorted on priority and will revert by Friday-4th Nov. 2011, which she did not.

On my repeat phone call on 7th/8th Nov.2011. I was told that TAT is that of 7 days but because of Holidays its taking longer and query is pending at Laxmi nagar Delhi Branch-office, as the investigation team(Ms. Himani) got stuck because of little co-operation from local branch office. Meanwhile I got calls from Local Branch office (From Landline and personal mobile number), caller identified himself as Mr. Khan, Branch manager, Laxmi Nagar Delhi Branch, unaware of the investigations and pretending to make a routine call, asking me to give permission to sell these 25 unauthorised shares, which I could not, as Rachna told me that this account is frozen and no transaction can happen until the complaint is resolved.

I was again approached by Mr. Achin-Regional manager, Delhi, who also made a failed attempt to convince me and leave the matter, to be resolved out of the way (quoting its a mistake). Now Ritu, calling from same office is quoting it to be punching error and asking me for my permission to sell off the stock and settle account before account foreclosure activity may begin.

Had this been a punching error then why your helpdesk executive who made a call on 31st Oct-2011, could not reverse it there and then, If Branch office is co-operating in the investigations regarding this complaint then how come Branch Manager is unaware of Freezing of this account, and if this case has to be handled this way only then why did Angel started investigation in first place.

I want this complaint to be settled first. Give me in writing that Angel''s team has found discrepancies in the transaction, not because of me i.e. DELP3374 but some other fraudulent element. Then ask my permission to sell-off the stock and close the account(Which I originally requested in the month of August/sept-2011, far before this complaint and fraudulent activity started)

Look forward to your kind response and a logical conclusion to this complaint.

Dear Madam/Sir.


I, Vanraj Rana (E16705) was working with Angel broking from Feb. 2009 to July. 2010 and apply for a PF withdrawal.

still i am not receiving a PF amount in my bank a/c. kindly look into the matter on priority bases and do the needful it. PF ac no:MH/45503/6021

Expacting your earliest action & reply.



Thanks & Regards,



Vanraj Rana

[protected]

Dear Sir/Madam,

I, (Rajesh Thakkar) have a Demate & trading A/c with Angel Broking Ltd. My ID is R2562. I was selling 100 Tata Steel Shares date 10/10/2011 in NSE segment from SSJ FINANCE & SECURITY PVT.LTD.& submit Pay in slip a (Security transfer slip) at Angel Broking Ltd, RO, Mahalaya, Off C. G. Road, Ahmadabad, Gujarat on 11/10/2011 2:00 p.m.

On 12/10/2011at 10am I was received a phone call from the Angel broking, RO that you’re demate A/c has only 25 shares & other 75 shares are in the Pool A/c and auction will be held as per the SEBI rule to you.

My complain is that…
At the time of slip punching why anybody responsible person was not checked my demate A/c as well as pool a/c and inform me?
Why they were inform me on 12/10/2011 at 10:00 am?

My 100 shares was with Angel Broking Ltd only…I didn’t know that my shares was in Demate or pool a/c. Broker must have to check my both a/c (i.e. demate & Pool) at the time of received a Pay in slip from me.

Angel broking must give the transfer it to avoid my auction…but Angel broking didn’t do it. I was informing all the authorities + customer Care of Angel broking through Email + Phone Call on 12/10/2011 but still not received any satisfactory answer from the Angel Broking Ltd.

I was getting an auction for the 100 shares on 12/10/2011 of Rs. 2470. (Settlement No: 2011192/A) bill date 12/10

I was not responsible for the Angel Broking’s fault. Angel Broking must fulfill my entire lost + I was mentally disturbed due to fault of Angel broking. So it was affect on my health & job. I am demanding a compensation for it.

MY DEMAT A/C NO [protected].

Kindly look into the matter and solve my problem and provide me a compensation as soon as earlier.
Thanks & Regards,
RAJESH J THAKKAR (M.NO. [protected])

I am a trading client of Angle Broking Ltd (Nehru Place New Delhi) and I would like to humbly bring your attention o[censored]nauthorised and excess trading , breach of trust, fraudulent mean of business of Angle Broking Ltd and the pattern they follow to deceive clients to generate brokerage and meet their targets. I am submitting following complain against branch of Angle Broking Ltd with considerable pain and anguish as I have lost my hard earned saving of last 5 years Rs 8 lacs in just 6 months. I am humbly aware that it is regular complain against stock broker. The modus operandi of firm is simple. The firm pressurises the relationship manager to generate brokerage. The Company gets away with the crime as in most cases instructions given by investors are oral, and thus difficult to prove before a judicial forum.
1.One of executive (Mr Sonu Kumar) have done few unauthorised and excessive trading without my prior consent in my Account resulting loss of Rs 5 lacs in derivative only/ and 3 lac loss in stock and interest on debit balance.
2.Both Relation Manager and Branch Manager have persuaded me transfer the security lying in my other HDFC DMat A/C to pool account of Angle Broking to able to do more transactions.
3.He would request me to confirm the trades on the call which would come from compliance department. and I used to get absurd trading confirmation (AFTER THE EXECUTION OF TRADE AND WITHOUT MY CONSENT) at the end of the day and at times the lady/gentlemen/sometimes relationship manager who used to call me would not have the complete information and would say that her job is limited to give confirmation on trades in a summarized form and other information would be available with the designated Relationship Manager only.
4) I had no choice but to rely on the process and person who has been assigned by Angle Broking for my relationship. I object about so much volume base trading with loss in my account with Mr Sonu Kumar but every time he would assure me that in future he would only do trades before taking my consent that too with profit
5)The pattern of trading itself show the malicious motive, whenever I call during market hour to know activities in my account He say in one word believe me we will make a profit this time. Some of excuses ‘’Do not worry I will make profit today, call me at 10 p.m night. Just before 3p.m before market close he usually calls me ‘’Sir Today stop loss has triggered, Angle advisory call did not work, I was not in terminal, Sever was down. We will recover within next 2 days’’. But that never happen and this is strategy to keep client silence.
6)The branch has not taken due diligence o[censored]nusual transactions in the account and same person was assigned to communicate and assist us for queries/explanation
7)Trading in NSE derivatives of capital market, in which the I have not signed the agreement/not applied in writing.

8)Breach of Code of Conduct and lack of good business practices which is ordered by Stock Exchanges.

The only motive behind these discretionary and Unauthorized trading was to earn huge brokerage without dealing fairly with the client.
Angle Broking's representative lure clients in a way that a client is compelled to agree to what they say which is human nature, and I am for sure less intelligent than the people who were duped by Shivraj puri of Citi Bank and the reason why they were duped is because they were also lured by the guaranteed high returns and again people did not trust Shivraj puri they trusted Citi Bank, same is the case of mine, I trusted Angle Broking(Service truly personalised, In depth analysis are company’s logo) .

I would like to lodge a complaint against Angel Broking for standing responsible for the losses inccured by me investing with Angel Broking. This was purely because of their negligence and taking clients account easily accessing and cheating me. The worst part is they have no courtesy in even investigating the matter by calling the client.

I request anyone to kindly help me.

Vivek.S
[protected]

Angel Broking peoples are No. 1 Cheaters, becaues of them I lost 3-4 lakhs money. Even my 78 clients also lost their money. my 1 client B28213 lost 8-10 lakh money bacause of angel broking worst and rude services.
Finally we are getting 90:10 Brokarage sharing - i.e 90 % angel broking and 10 % Sub-broker. After sevaral mails and calls also they they didn't return the money.
Eeven I didnt get a single response for my mail from Dinesh Takkar.

They were No. Fraudrants, So Please i request you peoples dont take franchise of Angel Broking
Preetham
CTE sub-broker

Hi all,

This is Anupam. I have an account with Angel Broking (Franchise Owned by Nikhil Prasher) in New Delhi.

Mr Nikhil Prasher expressed the desire to manage my portfolio. (1.6 Lakhs) and assured me decent returns.

But within a span of 3 months he reduced my portfolio to 38 thousand rupees. He kept my account in constant debits so that his company can make profit over my losses.

Please Please do not allow Mr Nikhil Prasher or any of his team mates to manage and transact on your trading account. They are Frauds.

Regards
Anupam
(you can get in touch with me for details at [protected]@yahoo.co.in if you have doubt on the compliant raised above)

IN ANGEL BROKING MR.VIKAS ,MR.SANTOSH YADAV ARE HAVING A BRANCH IN MOTI NAGAR
WHO GAVE BROKERSHIP TO MR.UMESH NANDAN RETD FROM ARMY HE MADE MY HEAVY LOSS AROUND 2 LAKHS BECAUSE HE SOLD MY SHARES WITHOUT GIVING ME ANY INFORMATION ABOUT IT I WANT THAT A STRICT ACTION AGAINST IT SHOULD BE TAKEN AND MY TWO LAKHS SHOULD RETURNED TO ME AS SOON AS POSSIBLE AND BROKERSHIP SHOULD BE TAKEN AWAY FROM HIM THIS IS MY REQUEST TO ANGEL BROKING



THANKING YOU,
MRS.PUSHPA PANDEY
EMAIL ADD = [protected]@yahoo.com

My name is Cibin.I m trying to update my email id.They have wrongly entered my email id in my trading site.Now i am unable to reset my password.Whenever i am calling they will disconnect the call and neglecting me.They are not cooperate for helping also.There services are very poor.According to my opinion don't open demat account in angel broking.

Again Long Story...bt They now Manager Mr.Ashish or girl Nelofar or
Ajent Powan or Mumbai office...

Long Complaining.bt Short Manager Mr.Ashish and girl Nelofar
Ajent Powan.....They Now every thing. Also mumbai office.

I had given City Union Bank share certificate to convert it to demat format on 22.08.2011 in angel broking tirupur branch. But still its not get transferred and the response is not good. After two weeks i called and asked about that. Now they are telling it will take 30 days. I dont know why it takes 30 days to convert share certificate to demat. 3 months back also i did such a ansction with the same branch. At that time they transerred it with in 10 days. I dont know why now it will take 30 days. I request you to kindly solve the problem at the earliest.