[Resolved]  Religare Securities — Cheating and fraud

I opened demat account with Religare in Jan 2008. I gave 3 lakhs for opening the account. My agent started trading on my behalf. I used to get confirmation call every day on the transactions done. I also added more funds after that to clear my debits. But when market started falling in mid Jan, I instructed my broker not to invest any more.

Now I realize that all my money has gone and I even dont have any stocks in my portfolio. My agent says that he has lost all money in Future & Options due to lower circuits etc. and over exposure.

I never gave him permission to operate in F&O. Further, I never permitted him to invest more than the money I have in my account.Also, even after my instruction to him to not to trade further, he still traded. He nver informed me about these loses and kept me in dark.

I am going through a very bad phase . I am a salaried person and single earner of my family. It is a big loss to me. Can somebody please help and suggest on what can be done. I will really be very obliged to him/her.

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Aug 14, 2020
Complaint marked as Resolved 
Complaint comments  17 CommentsShareTweet


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Religare Securities — religare has block my account for trading

i am client of religare securities ...from last 1 n half year m facing losts of problem but this time i hav faced a very serious problem with my broker i dont know about there problem but with out informing there have blocked my account when i aproched to religare head office they said there have problem with the branched owner if there hav problem Why should the client faced the problem

Religare Securities — mera paisa kaha gaya sala

hai god Religare ke malik ko bhikari banade tab use pata lagega ki dusro ke paise kHANE PAR kya mila

Sahi hai mere bhi kha gaye saale. 15 lk ka nuksaan kiya hai mere hubby ne issme trading ker ke. brokerage and rates manipulation kiys hai.
but jaane do humne kuch nahi kiya.left all.

abhi US me hai uper waale ne hume bahut de diya aab.

per jaisi kerni waisi bharni.
Religare is doing this of activites regularly. In my case i had bought 500 shares in intraday when the price came lower they them self sold the share without informing me. During the cource of time i have enough balance in my account. Also on the same day the share price came up very high after this sell off, i had lost Rs8000 in a single day.

Also, one more incident i had bought 10000 shares at a price of RS .10 and sold at RS.05 in loss.
But they had debited nearly 11000 from my account. when i approch through customer care they are not responding properly they are just transfering to diffrent person. NO one is taking responds of this.

Written many compliants to SEBI. They are also just ignoring.

I dont know what to do?

Can any one help me in this regarts, how to approch this situation
not gating passward since last two days even after conferming on mobile about the e-mail address
Dear sir,

My trading code is mk5565 pls conform me who are trade my a/c and give me status my mobile [protected]
Any trades not executed by your dealer on your behalf has to be supported by a recorded telephone and a confirmation is given to the client.If it is not done than you can file with investor grievances with national stock exchange and SEBI as well.You can go for cnbc pehredar as well.

There is no need to worry if a fraud is done you would be refunded entire money with interest.


Dear Sir/Madam,

I seema jain hold a demat account Client id 12192567 address b4a/7 rana pratap bagh delhi 110007

would request them to close my account immediately and stop trading in my account .

Seema ajain
Dear Sir,

I have not given any permission or authorisation to Ravinder Tewari to buy os sell
Future or options.The unauthorized trade transaction was done without my consent.
Filling up the Religare form and giving the power of attorney does not give my broker
the right to misuse the power and do whatever he feels like.
Furhter note I have repeatedly requested tewari over phone not to do these transaction
that I do not give consent nor he has spoken to me over the phone before buying the future option o[censored]nitech or IVRCL .Please note that I had made the payment for the procurement of Titan Industries and Reliance shares.
How is it possible that anybody at any time can or is allowed by religare to make
decisions for the accountholder on his own judgement without permission and authorisation
of the account holder? Is this fair towards any client or accountholder at religare or any other brokerage.
Can the brokerage firm trade on its own and try to show that because once you have filled
the form they are at liberty to misuse the power in any way.



I want to close my account as i am working in Fidelity and we are not allowed to have the account in Religare.
Request you to guide me in closing my account. I haven't done the single transaction in my account.

My Client Id is 12632289


Himanshu Jetley
sir, what is ur action against above compliants u cleared it or not.? ????? if cleared. pl. write on these compliant. other wise, r u also like that people?????
Hi friends, Please help me to locate the securities related main office in hyderabad, as one of religare franchise owner misused my money and i want to do compliant on that issue, suggest me the way i can get my full money its huge amount, kindly revert me back
You should write a complain to [protected]

This is the only hope
Me and 5 more have been chated by Religare. They over expose your account just to earn petty commission and for individual to look good that he has contributed so much of trading. My friends and me have have been cheated for about 5 lacs
You can contact religare zonal office in Hyderabad.Mr. madhu sudhana rao( AVP RISK & Operations ) will resolve all your cases.


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