[Resolved]  BENZCOM CONSULTING PVT LTD — BENZCOM a FRAUD COMPANY

Dear Investors

Beware !!! Stay away from this fraud company Benzcom. They claim to be company trading in Commodities & Forex but actually that's a VERY BIG LIE. THEY are nothing but an introducing Broker. They just somehow manage to send the poor investors money to markets.

Save Ur hard earned money from these culprits
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Aug 13, 2020
Complaint marked as Resolved 
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Is BENZCOM CONSULTING PVT LTD really a registered company?

Why is its website so much poor? No proper address is mentioned.
Its business partner - Ace Venture Limited is again quite doubtful. Nothing about the company has been mentioned.

Please clarify my doubts. Thank you People.
huh Now they are Ace ventures???, earlier they said they were giving a platform of Tenfordrich ventures, then for some time they provided keepingpace, all at the same time claiming that benzcom is an independent company
The people does not know about the operation. Benzcom is a introducing broker of ACE Venture Ltd of Caymans Islands. It do business according to the RBI rules and regulations. If any body have some problem, he /she can feel free to call us at[protected] or[protected]
Benzcom or ACE Venture Ltd does not exist. There is no registered office or location for ACE Venture Ltd in Cayman Islands.

Benzcom or ACE Venture Ltd is not registered under any RBI act.

Public - Please stay away from such fraudulent companies. Before investing, please contact RBI to understand your rights and legitimacy of your investment.
i have been tracking this company for some years.People have so much of doubt about this company.it had changed its name so many time.but it would not give a clear answer to it.If the company is not doing any wrong then the management should clarify all these doubt by giving all these answers to its investors.And if it is not approved by RBI then howcome they are still in the market?Maybe they are not doing any wrong according to the rules and regulation of FMC( forward market commission) of india.
dai pvenkat87 unaku yallam trading theriuma?.thayavu seithu Vegetable shop vatchu polatchu..madurai makkal pavam pls plssssssss unnoda nara vai
vatchu client kita pesatha...beware of p.venkatesan madurai branch manger. his historical record loss 8 lakhs .by his brilliant trade.
plz pay coimbatore branch airtel broadband bill
Some people with limited knowledge use to comment these type o[censored]nethical sentences. Some people trading themselves make huge losses and continue to gamble until they finish their fund available in their hand. At that time they find no way to rescue and their mind goes out of control and begin to comment these unethical sentences wherever they get the chance. But they never realize their own fault, but continue to comment in a negative manner against the company. THIS IS BAD TO KNOW BUT THIS IS THE UNIVERSAL TRUTH.
I am copy pasting the contents posted by another user in this forum in another thread.Now what does the company have to say regarding this?

Here is the RBI guidelines on Forex Trading in India

How does this company operate in spite of these guidelines?

The following are taken from RBI website

For further details see the link http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=6819&Mode=0

" It has been observed that overseas foreign exchange trading has been introduced on a number of internet /electronic trading portals luring the residents with offers of guaranteed high returns based on such forex trading. The advertisements by these internet / online portals exhort people to trade in forex by way of paying the initial investment amount in Indian Rupees. Some companies have reportedly engaged agents who personally contact people to undertake forex trading/ investment schemes and entice them with promises of disproportionate / exorbitant returns. Most of the forex trading through these portals are done on a margining basis with huge leverage or on an investment basis, where the returns are based on forex trading. The public is being asked to make the margin payments for such online forex trading transactions through credit cards / deposits in various accounts maintained with banks in India. It is also observed that accounts are being opened in the name of individuals or proprietary concerns at different bank branches for collecting the margin money, investment money, etc. It is again reiterated that AD Category - I banks should exercise due caution and be extra vigilant in respect of the transactions that require residents to make margin payments for online forex trading transactions through credit cards / deposits in various accounts maintained with banks in India. It is clarified that any person resident in India collecting and effecting / remitting such payments directly /indirectly outside India would make himself/ herself liable to be proceeded against with for contravention of the Foreign Exchange Management Act (FEMA), 1999 besides being liable for violation of regulations relating to Know Your Customer (KYC) norms / Anti Money Laundering (AML) standards."
Dear candidate
Beware of Benzcom consulting pvt ltd. Its a fraud company. Earlier its name was Advisory services pvt ltd and now they are operating by the name of Benzcom consulting pvt ltd and planning to change its name again to Ace venture ltd.
They claim to be an MNC of Cayman Island but its a big lie. There is no such company at Cayman Island. Neither they have their own website...can u imagine an mnc without website?????
They may recruit you and tell you all ...things to make you believe.
As per the Foreign Exchange Management Act, 1973 [As amended by the Foreign Exchange Regulation (Amendment) Act, 1993] of section 6...
1. They are not registered.
2. They don’t have their own website.

The rest in on u... best of luck.

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