[Resolved]  ICICI Securities Ats — ATS bad performance

I lost so much through ATS service in a span of four months in my two accounts, they are not working for the customers, they are indirectly working for someone not for the customer. they have some sort of back end interest. They are not serious about the customer money. No doubt in share market losses / gains are natural but they suppose to work based on min.losses with stop loss.I never find in my account they operated like that, more over the staff are not interested in the customer interest and they are trained / well experts in this business, they do their own business during office time. Even they are not bother about the customer account operation, if your account operated staff / employee goes on leave and our account is only operate GOD only.These people only their brokerage not for the sake of customers and their-valued money. They got around 1.2 Lac towards brokerage within short period and I lost my total money.

S.C.Mouli

Thank you very much. I have just opened an account with ICICI SECUTITIES. i HAVE NOT YET STARTED TRADING.Good, I will now track their recommendations/

Please do not open account in with ICICI Securities. The major interest of their relationship manager is only to earn brokerage as much as they can so that they get more incentives. They charge high brokerage than they will tell at the time of opening account and also charge interest on the value of shares you buy. First time in my 10 years of experience in share market I experienced this. I have invested 1.5 Lac and lost more than 50 thousand only due to their bad policies. They do not bother to even reply client's queries. Please think 1000 times before investing through them.

I am using the ICICI service for the last one year and my experience is not satisfactory. In the beginning they were acitve and was contacting me regularly and doing good trading and I was getting profit. But within six months they lost interest and were doing trading only when I asking them to do so. In between they suggested me some trading and all were in huge loss still. I also think that they don't have a research team, they do trading like a lay man. I am in this field for the last 10 years and was not able to make a big success, that is why I closed my trading account with ICICI and joined in their ATS system, Bit I think trading alone was better than through ATS.

I have an ICICI ats account for the last one year. In the beginning my relationship manager(advisor) was very active and made some good tradings and resulted in good profit. But within six months he lost his interest and was acting only upon my request. In between sometimes he made some advices and those tradings ends in big losses. Now I think that they don.t have a research team only the relation ship manager acting like as lay man. I have experience in trading for more than 10 years, till last year I was doing trading by myself. Then I realised that I am not a good very trader and was not able to make big profits but was making reasonable profits. Then I heard about this ATS system and expected a good trading assistance from them and closed my online trading facility from the ICICI. Now I regret in opening this ATS and for closing the Online trading facility.

So my openino is that don't open an ICICI ATS account, I don't know about other ATS services.

Just opened an ats as the relationship manager encouraged me to move frim icicidirect. I know it will help them make money. But I am not sure if they will take care of customers interest as well. The trading advisor sounds like an . I have lost some hope after talking to him. He just wants more money in account so that he can buy. Will let you know the experience in few weeks.

My experience so far is really bad. They lost almost 2, 00, 000.00 of my hard earned money in a matter of 4 weeks. The problem is they did not notify properly when they make the losses. They keep telling you they are making profits and encourage you to keep putting money. They will take margin positions without even notifying you. And then when it goes down, they threaten you to put more money or they will liquidate the stocks and so on...They are complete useless..My guess the advisor or broker are BA pass people. They know nothing about investment. They just want to buy and sell..If profit then they take the credit. If you loose then market fault. STAY away from ATS. Invest on your own using ICICIDIRECT. Or in case you are in ATS, never get into the derivative side.

NEVER OPEN ACCOUNT IN ICICI ATS SERVCIES. THEIR TEAM PERFORMACE IS VERY POOR AND EXPERTS CALL FOR BUY AND SELLS ARE MOSTLY AGAINST THE MARKET. THEY ARE ONLY INTERESTED IN MAKING THEIR BROKERAGE AND NOT WORKING FOR THE BENIFIT OF THEI CUSTOMERS.

very bad service. dont go for it..they execute new transactions without telling you also..they dont seem to care about you...

I too have lost nearly Rs.1 lac of my hard earned money because of ICICI DIRECT ATS stupidity. Is there any recourse against them. Can anyone help. They buy in bulk with no stop loss. Then, when you object, they give some stupid solution, which is never going to help. I notice that so many o[censored]s have incurred such huge losses. But what is the solution, can we allow these people to fleece us of our hard earned money. Can we take some action collectively.

Someone please help.