Angel Broking Complaints & Reviews

Hi,


My name is Nitin Pandey and im an account holder of Angel Broking Ltd Bhopal with client ID N34037.Mr Sandil Raj had opened my account in Bhopal and had assured that he would trade by himself.I never received the password and your employees had my username and password and transacted on my account.
I was transferred to Mumbai in that period.When asked for transfer of accounts to Mumbai i was denied the same and Sandil had assured that he would take care of funds.From June till august my fund value had gone down from Rs10000 to Rs70000.I was not made aware of the same.Whenever i enquired i was misleaded that i was in profit.After that from september Mr Naval Singh and Mr Atul had started trading on my behalf.Also they assured that they were using my account and will keep me posted on any transaction done on my behalf.

They always said that i was making a profit until i inquired from Customer service where i was shocked to know that i was under 70% loss.
I dont understand that if i had not received a call from my broker for transation then why was a transaction done on my account without my permission. and in a rising market how can some one have 70% of loss. when asked about this to Vivek Tiwari he said that the company had issued a loan to me. i again dont understand that how i was issued a loan without my knowledge.

This is all a story madeup by these agents to cover the fraud done on my account.

Kindly look into the matter and do the needful.

Regards
Nitin Pandey

I Sangeeta tagore am an online customer of angel broking company. i have requested for pay out of my credit balalance on 10/10/2010(ref no-[protected]).But they transfer it on 20/10/2010. that too not the full ammount. Whenever i m calling to my allocated branch(lords building,kolkata) some avisekh is is abusing me.Before this they they have deducted 590 rs for delayed payment. but without any reason.They even abuse my family. I belong to kabiguru Rabindra nath tagore family.pls help me. My email id is sangeeta.[protected]@gmail.com.And phone no is[protected]. my client code of angel brokinng is klns2906.
with regards
sangeeta tagore

Technical support is an important feature of broking service.However,the customer care team is not well trained,they tend to confuse customers by transferring the telephone calls from one table to another.The manner in which they tax our patience is unprecedented.I am afraid that I have gambled away my hard earned money to these bunch of jokers and I don't know how I may recover the same.There is no way I can submit my complaint to the management of the company.That is very frustrating.Is there any remedy against these careless and unprofessional people who take their customers for granted?

DEAR SIR,
I HAVE ATTACHED HEREWITH THE CONTRACT NOTE DATED 06/07/2010 .
AGAINST WHICH I HAVE GIVEN DD AMOUNT RS 100000/- (ON DATE 03/07/2010) OF RATNAKAR BANK LTD -SOLAPUR BRANCH.
THE DEMAND DRAFT WAS SENT FROM SOLAPUR TO PUNE ON 03/07/2010(SATURDAY). THE DD WAS RECEIVED TO YOUR PUNE OFFICE ON 06/07/2010 at SOME AROUND 01.00 pm .

THE FIRST TRADE WAS DONE IN MY A/C ON 06/07/2010 at 01.07pm without my personal intimation by Mr Anup (Commodity dealer )
Also being commodity dealer he has done my trade in equity derivatives.
THE TOTAL TRADE THAT WAS DONE IN MY AC IN only one TRADING SESSION ON 6TH JULY 2010, WAS TOTAL 72 LOTS OF BANKNIFTY WHICH WAS AGAINST MY AMOUNT (i.e 100000/- DD AMOUNT). DESPITE THAT THE AMOUNT WAS ALSO NOT CREDITED TO YOU SO HOW CAN THE TRADE BE DONE IN MY A/C THAT TO WITHOUT MY INTIMATION AND ALSO WITHOUT AMT BEING CREDITED TO YOU .

PLEASE RECTIFY THE SAME AND REVERT AS SOON AS POSSIBLE.



RAJENDRAKUMAR MANIKLAL GANDHI (R57034)
Contact no :[protected]








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DEAR ALL,

I HAVE AN ACCOUNT IN ANGEL BROKING LTD BANDRA WEST BRANCH, I WANT TO BEWARE ALL CURRENT CUSTOMERS AND THOSE WHO ARE LOOKING TO OPEN AN ACCOUNT IN ANGEL BROKING.

ANGEL BROKING IS A FRAUD/CHEAT, THEY WILL PROMISE YOU ALL ROSSY THINGS BEFORE OPENING OF THE ACCOUNT AND AFTER YOU HAVE DONE SO, THEY WILL TREAT YOU LIKE A STRAY DOG, NO MATTER HOW BIG CUSTOMER YOU ARE. I'AM HAVING VERY VERY BAD EXPERIENCE WITH ANGEL BROKING THESE DAYS AND LOOKING TO CLOSE THE ACCOUNT, BIGGEST MISTAKE WAS TO PAY PREPAID BROKERAGE, ALL YOUR SECURITIES WILL BE IN THIER POOL ACCOUNT AND THEY WILL CONTROL YOUR DEALS, THEY WILL PUT YOU UNDER SURVIELLANCE WHEN THERE IS A CHANCE TO MAKE SOME MONEY, THEY WILL CHARGE YOU PENAL CHARGES AND WILL NOT EVEN BOTHER TO GIVE YOU BREAK UP, NO EXPLANATION, IF YOU CALL THE HELP LINE, THERE ARE UNEDUCATED NERDS ANSWERING THE OTHER SIDE OF THE PHONE WHICH WILL MAKE U ALL THE MORE CRAZY, THEY ARE VERY GOOD IN MISPLACING YOUR CHEQUES, THEY ARE LIKE STREET SIDE GAMBLERS WHO ARE THERE JUST TO EAT YOUR MONEY..

I had given request for online transfer to my account on[protected] but still i havent recieved the amount in my account ie[protected]. I dont know where my amount is lying. After following wioth the branch many a times, i got the feedback that they have issued me a cheque, but still i didnt get my cheque.
It is almost 10 days that my money is lying in their account and they are enjoing interest for the same.
Company charges interest on overdue many a times to my account but when it comes to give interest, they will not give it.
Need help in this.
Company: Angel Broking
Address:Punjabi Lane,Borivali(w)-Phone 39515755/56
Rahil Khamesra:[protected]

Dear sir,

It is informed to you that i had submitted the PF withdrawl form on 27 may 2010 and still i am waiting for the things.There is no-one in the company who is giving me the proper response over that.
Kindly go though the matter and do the needful ASAP.

Regards
Abhishek tripathi
Mob.no.[protected]

Dear Sir,

I am open new account to Angel Brokerage Limited and also old customer in SMC India . so that i register online and company send her executive to Md. Iqbal Ansari and he describe her company policy and give us Trading Rate for 1 Paisa for Intraday and Future 10 Paisa and other charges for same as usual. so i agree and open a New account but at the time of trading i got a credit note thru mail to the Angel Brokerage and Company charge another Rs. 30 /- per transaction for brokerage charge less than 30/- Rs that company executive not told me and not mention on her account opening form & T & C. and i register a comlpain. but company not get any suitable Ans to me and her executive mis guide and company is cheating. My complain No is [protected] dated - 23/07/10, [protected] dated - 24/07/10, [protected] dated - 26/07/10 in all these complain company not less our brokerage Rate not call to me.

So i request you to please solve our complain and Not Misguide for our New Customer and our executive's for given full information.

Thanks & Regards
Ravi Soni
[protected]

Respected sir,

Myself Ajit Jambhale employee of Angel Broking working as marketing
executive from 29 th June 2009 in sion branch.Since from joining till
today i have logged 77 forms and gave the revenue of 45000 from
insurance along with that i was qualified for the Angel Organizer
also. My incentives of 17000 is pending for the period of Jan- Mar
with you. I always gave my best to our orgnisation as you can check my
productivity.i am give 13 forms and 22000 rs of Li revenue in a
JFM quarter.i am says with my HOD they say to me incentive give in
april salary when i am payroll in angel.my brother takes a remisership
in a angel broking in month of april.he source business from him.he takes
NOC for a business of remisership.My hod and branch manager says to me
give resign from angel broking because i am supporting to my brother taking
NOC for a remisership.i am give resign on next day when my HOD pressurised
me.When i am give resign they say me incentive come in full and final
settlement.
Next day when i am goes to branch branch manager ABISHEK UDAWAT and my
HOD says to me you dont come in branch.cluster head PRAKASH JAIN SIR says
i am give incentive but you takes remisership in angel broking but you
dont come
in branch.I am not going in branch last 2 weeks.After 2 weeks i am call my HOD
for my incentive.He say to me meet a FIROZ SIR for a incentive.i am meet today
to a FIROZ SIR they show to me my LI cases is in the name of NARENDRA SARVAIYA
and they say they did not give incentive to me.MY ALL CASES IS LOGIN ON
OTHER NAME.THEREFOR THEY NOT GIVE INCENTIVE TO ME.ONLY 7 QUESTIONS OF MY LIFE.
(1)WHY THEY GIVE INCENTIVE COMMITMENT LAST 5 MONTH.
(2)WHY THEY LOGIN MY FORMS ON ANOTHER NAME.
(3)WHY THEY SAY TO ME YOU DONT COME IN BRANCH BECAUSE MY BROTHER
REMISERSHIP IN THIS BRANCH AND ALSO A/C IN THIS BRANCH.
(4)WHAT REASON ABOUT PRAKASH SIR MAILED TO EACH AND EVERY PERSON
AND SAYS NOT TO CO-OPERATE WITH AJIT JAMBHALE.
(5)WHY THEY SAYS TO ME THEY NOT GIVE INCENTIVE AFTER I AM GIVE RESIGN
(6) SOME PEOPLE SAYS TO FIROZ SIR I AM PUT A BIG MARGIN FORMS TO A
SUBBROKER BECAUSE I AM NOT DOING THIS WORK.WHY MANAGEMENT SAYS
TO FIROZ SIR.
(7)I AM DESIDE TO SET A CAREEAR IN ANGEL BROKING AND I AM A SINGLE
PERSON EARN IN MY FAMILY

SO PLEASE GIVE ME REPLY ON MY MOBILE PHONE NO.[protected] OR MY
THIS ID.ANY CONFUSION PLS CALL ME.ALL DOCUMENTS IN MY HAND






Thanking You ,

Ajit Jambhale

[protected]

i had given a cheque to angelbroking but my broker rahul had been taken from angel broking & he took money from my bank.. by fake signature of mine...he took 20000rs from my bank&in oppose he was saying that the money was taken by me.so please sir take some action.

Dear Sir,
Since a very long time(Since January 2010) we are asking Angel Broking to resolve our issues, but till date no solution is given from their side.

Following things are communicated to us by Angel Broking Marketing Person in written E-mail, but when it come reality after opening the Demat Account, it’s different(Brokerage Charges are higher, they have levied INR 450 even after paying cheque of 25000 etc.) from what is committed :
1. Account maintenances charge for lifetime will be 715 Rs. Only & no other charges of any kind.
2. Intra day brokerage charges will be 4 paisa.
3. Delivery brokerage charges will 10 paisa on purchase and sale respectively.
4. Their will be no other charges like DP charges if we deposit RS. 5000 while opening the account.
5. Life Time Account Maintenance Charge of INR 715 will be waived off if we provide cheque of INR 25000 for Account opening, so should be applicable to me(Kushal Varshney) & Mr. Rajesh Raghvendran.

dear sir ,mam
I am the sub broker of your angel broking moti nagar branch but branch members and r.m. does
not do my work related to commodity market and not take any response against my complain
please take serious action about moti nagar branch


yours truly
satender maan 03aprl2010

I am a 2 years old client of Angel Broking Ltd. the deal was going fairly before the new T.M. Vishwas joined the office. my account have been charged intrest even after I have paid,

This is Jaydeep pandya from Ahmeabad,

I have worked with Angel Broking for there at Mahalaya Buld, hub on the pay rolls of Angel Capital&debt market ltd, With the Emp Code :21146
My concern is 51 days before I have submit my Full and Final letter for the process of pending salary and other dues with resignation.



I got the commitment from HR management that it will be done within next 45 to 60 days, but now whenever I asked about the same come it know that it will take next 20 days more.

I’m not very much financially sound and holding my salary and others dues is increasing my day to day problems, They Already Hold my salary and full and final,Now they told me that your salary will not reliaze my salary,

Have already escalated this concern with concern HR Miss.Yaminim Meda[protected]Local HR) and Mr. Suneet jain(HOD) but no result yet.

Your help is required to resolve my concern.

Regards

jaydeep pandya

i was opened a demat aaccount in angel broking through their sub broker sky wealth management propritor soumayajeet roy. i completed all the formalities of account opening. before that i had a account in motilal oswal securities ltd. Soumya jeet Roy show me a false angel letter mentioning my new DP account no. I closed my Motilal oswal account and transfer all my share into that DP account no. Later i received the original douments from angel broking and realised that Soumyajeet Roy associated with Angel Broking cheated me actually he transered all the shares into his account by showing a fake letter with angel broking logo. i immediately intimate Angel broking amout this matter.
and visited their kolkata office twice. and also mail a complain letter with the false letter. i also request them to take necessary criminal action against Soumyajeet Roy. Till date i am not received any reply from their end. It is very much clear that they are not willing to take any action against Soumyajeet Roy a criminal associated with them. I theirfore request you please take necessary against Soumyajeet Roy and Angel Broking immediately.

Dear sir,
I am using an mcx account through angel broking pvt.ltd.
On 25th January 2010 made a call to the broker to place my order of sale of 1 lot of april silver mini at 9:40pm he told me that my order is accepted in 27023rs ,on 27th january when i check my account i come to know that the broker purchase 1 lot of april silver mini insteed of sale, after that i am continue approching to him but he still hanging me and now he refuge me for any setelment , even i heard the recording of time of placing the order of sale but he is not accepting his fault.So please kindly help me from this unwanted loss and tell me how can i take action against that mater

Santosh kumar Sharma
clint id. MANS 774
ANGEL BROKING pvt ltd
Near Om Tower,
M.I Road Jaipur (RAJ.)

MY ACCOUNT CODE IS PTM 0422 as on 16.01.2010 i had ask my broker ANGEL broking ltd close my dp ac. & transfer my securties HOLDING in MY OLD dp AC.WITH THEM to my new dp account but till date i.e. as on 03.02.10 they had not transfer my securities in my new dp account not only this they are not allowing me to sell them & not responding to my email reminders, so u are requested to take serious desciplinary against angel broking ltd., mumbai.( CDSL Regn No: IN - DP - CDSL[protected] MY CONTACT NO. [protected] ,SO U ALL REQUESTED NEVER OPEN ACCOUNT WITH ANGEL BROKING LTD. THANKS

Dear Sir,

Today i have got SMS about my AMC for account in Angel broking which i have never got opened and i was asked to make payments, prior to this also i got calls for making payments for the account which i have never got opened that time also i asked who has opened my account but they didn't reply and put the phone down now i got irreated by this this is any falls account which was made by any employee of angel broking for doing target of sales this is what i assume.
kindly help me in this.
Regards
Rohit Patel

Dear Sir
Hello

MUO022 was openned at your Vasundhara branch (the branch stands closed now). I deposited Rs.7000/- at the beginning /at openning of of the a/c MUO022.and thereafter a cheque for Rs.7000/- was again given to Mr Paresh Katiyal, working as incharge at their Vasundhara branch.

I did not operated this account since beginning, waiting for fall of Stock Market.

I applied for operation of this account online facility,which was given to me, but prefer not to operate the account with such a smaal amuont in account waitnig for fall of Stock Market.

Today I accessed to my a/c but I surprisely found balance / limit in the a/c only Rs.855/-.What happed to my Rs.13145/-.

I gave the address proof to Mr. Rupesh Katiyal,but he did not took pains for getting address changed in the record , perhapes due to this fraud, committed by him.

Please help me to recover this amount 13145/- from AngelBroking Ghaziabad.
Mob [protected]
Sugandha Vishnoi
Id MUO022
6thJan2010

angel broking pvt ltd sion branch has unauthorised deal in my account how to do i dont no but i get contractnote with 38000 debit i am meet to branch maneger or risk maneger i told him how is possible? bcoz i am alredy in debit who open my trade limit and dealing there of the day total buy= 4500000/- sell=4400000/- whithot any confermation. i have loss of 38000/- who return ny money pls help me for my money