[Resolved]  Angel Broking — Cheating, fraud,

Address:Vadodara, Gujarat

I am having a new account at Akota, Vadodara. I have opened with 25000 Rs initial payment.
Within 3 days of trade my account balance is 1000 Rs.
JIGNESH PATEL is the trader assign to me.
He did fraud to me and cheated me.
He has not explained me what is F&O and equity.

Check the below conversations:

· Conversation 1:


Jignesh: Sir, I want you to sign a paper[Which paper he didn't explain]
Me: But I am outside, and I can't today.
Jignesh: He said tell your family member to sign the paper.[This doesn't make any sense. I am the account holder. How can angel brooking can accept the signed letter of non account holder?]
Me: But I am outside with my family.
Jignesh: Any one can sign the letter.
Me: Okay. You can go to my home and ask my front neighbor. She will sign it.
But, what is the document exactly?
Jignesh: This is just a formality that we have meet today. And I have given the information about trading.[This shows that you are not maintaining your policy]

At last my neighbor[Geetaben Desai] signed the letter.

Conversation 2:

Jignesh: Sir there is a call of banknifty. I will buy 500. [He spoke very fast that I was not able to understand what he want to buy. I was unable to understand the script name, the rate and the quantity.]
Me: Can you please confirm that how much is my profit till now? [For last THU,FRI & MON]
Jignesh: Sir, don't worry you are in profit. I will let you know after trading hours.
Me: But please at least tell approx amount.
Jignesh: Sir, don't worry. you will get the statement at the end of the day.


So I didn’t receive any E-mail on last THU and FRI.

This dude lost 6000 Rs in first trade. While trying to recover this amount he lost again 8000 rs. If you lose money, then you must have to stop the trade.
And on 2nd attempt he waited for 8000 rs of loss. He could have square off that at 1000 rs of loss in 2nd time.

At last only 1000 Rs. is available in my account.

· Conversation 3:


Me: How did you recover this amount from the market ?
Jignesh: Sir, don't worry. We will cover it up.

Is it possible to make 25000 Rs. from this 1000????
I don’t think so. He has lost my money in just 3 days of trade.

I have spoken to Mr. Vijay regarding this issue. Then he said that you will get a call from Hardik.

Today morning I got a call from Mr Hardik and below conversion happened:

· Conversion 4:



Hardik: Sir, you got profit on equities. But you lose on F&O.

He was just trying to save Jignesh.

No words to speak for the above sentence.
I got 120 rs of profit against 24000 of loss. In this trade also after brokerage and taxes I lost 250Rs.
Don’t you think Hardik is making me fool?

I guess all the conversations over the calls are recorded just go through it If you have any conflicts with me.

At last I want to say that Angel brooking has lost my full trust.
No rules.
No regulation.
No transparency.
Always fraud.
Not giving proper information.
Always giving false commitments.
Was this information helpful?
No (0)
Yes (0)
Aug 13, 2020
Complaint marked as Resolved 
Complaint comments 

Comments

Dear Mr. Patel, this is with reference to your concern raised against branch. In this regards, please note that we are looking into the same on priority and will revert you through feedback id[protected].

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Angel Broking
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    54%
    Complaints
    1158
    Pending
    0
    Resolved
    609
    Angel Broking Phone
    +91 22 2835 8800
    +91 22 3083 7700
    Angel Broking Address
    G-1, Ackruti Trade Center, Road No -7, MIDC, Andheri (E), Mumbai, Maharashtra, India - 400093
    View all Angel Broking contact information