Dear Sir/All
I had opened a demat account in india infoline four years ago, a agent came to me with low brockarge charging company...
I started putting my hard earned money into demat account to have decent profits, during few months span....
Initially they had given me very nominal profit but at the same time, given me some margin options
and in background they started sucking my money, I felt very bad of them because such a big company can even do this to me...
when i complained how did u erode my money, lumsum amount around a lac.. they have send me a profit/loss summery....
and shows the transactions ...they buy at higher rate and sell at lower rate using margin option ....
they give high margin options ...when there is an increase in sensex no increase in my fund...at the same time when there is decrease in sensex , much decrese in my fund (more than expected)
this way they almost finised my hard earned money...
I just wanted to tell people never open an account in india infoline ..........untill u have very close source
BR,
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